A defensive approach is advised, with gold gaining interest as a safe-haven asset.
OPEC+
Energy stocks may face selling pressure due to OPEC+’s planned oil output increase in April 2025 and concerns over the impact of US tariffs on global growth and oil demand.
The FBM KLCI is expected to remain volatile as investors stay cautious amid global uncertainties, including geopolitical tensions between Russia and Ukraine and Trump’s tariffs on key trading partners. These concerns have fueled market volatility, with fears of inflation resurgence weighing on sentiment.
Recovery of lower-liner stocks
The recovery of lower-liner stocks also remains uncertain due to a lack of fresh leads post-earnings season, while thinning trading activity may limit any potential upside. Investors will closely monitor the EU unemployment rate data released today.
Technical Outlook: The FBM KLCI pulled back after a volatile session, with technical indicators turning negative. The MACD Line dipped below the Signal Line, and the RSI fell below 50. Immediate resistance is at 1,600, while support is around 1,550.
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