Bursa Malaysia may see a rebound driven by Wall Street’s strong recovery and bargain hunting, despite ongoing trade concerns.

Tariff announcement

Positive tariff announcements could stabilize sentiment, encouraging investors to target undervalued stocks after recent declines.

The upcoming US inflation data will be key in shaping expectations for interest rate trends. Sector-wise, technology and banking in the KLCI could rally due to renewed risk appetite, while the Energy sector may gain focus amid rising oil prices.

Volatile

Technically, the FBM KLCI is volatile, holding at the 1,400 support level. Indicators like MACD and RSI suggest oversold conditions, hinting at a possible rebound. Resistance is at 1,470, with support at 1,400.

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