Photo From Suria KLCC
Market sentiment remains subdued due to uncertainty surrounding Trump’s potential return to office next Monday. Despite strong earnings from major US banks, the FBM KLCI is expected to remain lackluster.
However, a rebound could occur as bargain hunting in undervalued stocks gains traction.
• Key Watch: China’s Q4 2024 GDP and other major economic data being released today.
The technology sector is favored due to the Trump administration’s likely pro-business stance on innovation, which could benefit tech companies. Export-oriented semiconductor players like INARI, UNISEM, and JFTECH stand to gain from stronger US ties.
• The FBM KLCI has declined for four consecutive sessions, falling further below the 1,600 psychological level.
• Indicators: MACD Line below Signal Line; RSI in the oversold range.
• Resistance: 1,600.
• Support: 1,530.
MARALINER signed six strategic partnerships to strengthen smart mobility, fleet management, EV development and integrated…
SML Group earned SBTi net-zero validation and multiple global awards recognising RFID innovation, sustainability leadership…
Malaysia's Migrant Repatriation Programme 2.0 extended to May 2027; industry groups call for policy clarity…
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…
This website uses cookies.