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The benchmark FBM KLCI index is expected to consolidate amid investor caution over uncertainties in Trump’s policies and a stronger USD, which is driving foreign fund outflows due to slower Fed rate cut prospects.
However, this trend might be temporary, as Malaysian stocks remain attractively priced.
• Technology: Anticipated to attract buying interest, following gains in the Nasdaq.
• Energy: Likely to see bargain-hunting, supported by expectations of stronger demand and China’s growth stimulus pledges.
Technical Outlook:
Profit-taking activities persist, with the FBM KLCI showing signs of potential consolidation. Technical indicators remain positive, with the MACD Line above the Signal Line and RSI above 50. Key levels to watch: immediate resistance at 1,645 and support at 1,600.
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