Photo by Pixabay on Pexels.com
The FBM KLCI reclaimed the 1,600 psychological level, but further gains are expected to be limited due to a lack of new catalysts. Trading activity in lower liners may stay subdued as investors remain cautious until early next year. China’s plan to issue a record USD 411 billion in special treasury bonds in 2025 to stimulate its economy may boost market sentiment, but concerns persist over tighter global financial conditions, higher interest rates, and a stronger US dollar in 2025.
Sector Focus: The technology sector may see gains, reflecting Nasdaq’s recent positive performance. Additionally, the removal of the 85% demand capacity cap under the SelCo programme starting January 2025 is expected to benefit renewable energy (RE) players.
Technical Commentary: FBM KLCI showed bullish momentum, consolidating above 1,600. However, technical indicators remain weak, with the MACD Line below the Signal Line and RSI under 50. Resistance is at 1,625, while support is around 1,570.
Read more Business News
Read More News on Business News Malaysia
Read More News on Business News Malaysia
Government expands Budi Diesel quota to 300 litres monthly, aiding 200,000 pick‑up and jeep owners;…
Technology and semiconductor stocks may rebound after recent market corrections, with AI-focused companies poised for…
Government expands Budi Diesel quota to 300 litres monthly, aiding 200,000 pick‑up and jeep owners;…
Government expands Budi Diesel quota to 300 litres monthly, aiding 200,000 pick‑up and jeep owners;…
Paris Baguette Malaysia is now fully integrated under Singapore HQ, enhancing operations and regional strategy…
Malaysian enterprises must modernize infrastructure strategically to harness AI, enhancing resilience and reducing costs effectively.
This website uses cookies.