The FBM KLCI fell below 1,480 due to regional market weakness and policy uncertainties, with expectations of continued pressure from negative US market developments. The index is projected to trade between 1,470-1,490. Technology stocks face challenges from Nvidia’s warning and ASML’s weak Q1 results.
FDI growth
However, 31 MOUs signed between Malaysia and China signal potential FDI growth. Amid volatility from Trump’s tariff concerns, a defensive investment strategy is recommended, focusing on REITs, Utilities, and Financials for their stable dividends. Technically, the FBM KLCI shows bearish signals, with mixed indicators (MACD positive, RSI near 50), suggesting a short-term pullback. Resistance is at 1,500, with support at 1,420.
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