The FBM KLCI is expected to stay under pressure due to foreign fund outflows and weak market sentiment, with the index likely trading between 1,580 and 1,590 today. However, the downtrend may be temporary as the upcoming corporate earnings season could revive investor interest.
Sector Focus: investors and stable dividends
Investors should focus on defensive sectors like REITs and financials, which offer stable dividends, as well as the Consumer sector, which benefits from higher household spending.
Technical Outlook: The index showed a bullish recovery, with indicators turning positive. Immediate resistance is at 1,630, while support is around 1,570.
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