Categories: Business News

Nvidia’s upcoming report under the radar

The FBM KLCI is expected to remain under pressure due to weak market sentiment and cautious global trading, with the index likely fluctuating between 1,550 and 1,570.

Nvidia

Investors are closely watching corporate earnings and Nvidia’s upcoming report, while potential tariff changes could add to market volatility.

Sector Focus

Defensive sectors like REITs and financials are recommended for their stable dividend yields. Gold-related stocks may gain as gold prices hit record highs near $3,000 an ounce, driven by trade tensions and Fed rate cut expectations.

Technical Outlook

The index continues a bearish trend with a lower low formation. While the MACD remains positive, RSI has dipped below 50. Key resistance is at 1,600, with support at 1,550.

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