Photo: LatestMalaysia
Profit-Taking: Sectors like property and utilities may face profit-taking activities after recent gains.
Energy Sector: Expected to attract bargain hunting following crude oil price gains, though investors are advised to avoid OGSE companies dependent on Petronas, given potential workforce reductions.
The FBM KLCI ended 2024 12.9% higher YoY, but profit-taking pressure is anticipated.
Lower liners could also face selling pressure.
Manufacturing PMI data from the US, China, EU, and Malaysia will be in focus this week.
Volatility in 2025 is likely due to uncertainties around Trump’s second term, geopolitical risks, and Federal Reserve policies.
FBM KLCI rose for the fifth session, drifting higher from SMA50.
Indicators remain positive (MACD above Signal Line; RSI > 50).
Immediate resistance is at 1,645; support around 1,600.
Rate Cut Trajectory & Sentiment: Reserve’s rate cut trajectory is expected to weigh on market sentiment as the new year begins.
Wall Street: Closed 2024 negatively with all indices in the red due to elevated Treasury yields.
Europe: The Stoxx 600 gained 0.6% in thin trading.
Asia: Mixed performance; Shanghai Composite dropped 1.6% due to slower manufacturing growth in China, highlighting insufficient stimulus impacts.
Investors should prepare for a more volatile year ahead with cautious positioning across sectors and global markets.
Read more Business News
Bursa Malaysia appoints CFO Azizan Abdul Aziz as Islamic capital market director, reinforcing focus on…
Huawei unveils FusionSolar9.0 in Malaysia, introducing AI‑powered, grid‑stabilising solar technology to boost clean energy transition…
Private markets remain resilient but face mounting pressure from higher rates, weak exits, concentrated AI…
Fomca urges government transparency on Budget 2026 cuts, warning healthcare reductions could harm patients, staff,…
PETRONAS and ENEOS renew LNG partnership, securing 10% stake in MLNG Tiga to strengthen energy…
UAE exits OPEC+, weakening spare capacity control and signaling shift toward capacity-driven competition, raising volatility…
This website uses cookies.