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Bursa Malaysia Midday Recap: Trade Tariffs Take Effect
The FBM KLCI opened on a weaker note following the US President’s decision to implement tariffs on Canada and Mexico starting today, while doubling a levy on China. Market breadth remained weak, with laggards significantly outpacing gainers. All indices traded in the red, with the technology sector emerging as the main laggard, followed by the property sector — both extending their three-day losing streak.
Despite the market weakness, potential trading opportunities may still arise. Today's Traders’ Almanac highlights EDGENTA (Estimated Resistance: MYR0.945; Stop Loss: MYR0.715), SRIDGE (Estimated Resistance: MYR0.665; Stop Loss: MYR0.500), and PECCA (Estimated Resistance: MYR1.75; Stop Loss: MYR1.32) as potential BUYs. For the full report, stock ideas and market flows, access Discover Tab on Maybank Trade MY app.
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The FBM KLCI opened on a weaker note following the US President’s decision to implement tariffs on Canada and Mexico starting today, while doubling a levy on China. Market breadth remained weak, with laggards significantly outpacing gainers. All indices traded in the red, with the technology sector emerging as the main laggard, followed by the property sector — both extending their three-day losing streak.
Despite the market weakness, potential trading opportunities may still arise. Today's Traders’ Almanac highlights EDGENTA (Estimated Resistance: MYR0.945; Stop Loss: MYR0.715), SRIDGE (Estimated Resistance: MYR0.665; Stop Loss: MYR0.500), and PECCA (Estimated Resistance: MYR1.75; Stop Loss: MYR1.32) as potential BUYs. For the full report, stock ideas and market flows, access Discover Tab on Maybank Trade MY app.
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Bursa Malaysia Midday Recap: Risk-Off Continues
The FBM KLCI printed another red day as the US reported a softer-than-expected unemployment rate last Friday. Broad market sentiment remained in bear territory too, risk-off sectors remained mostly flat while plantations outperformed as select heavy weights rebound. Within financials, CIMB seems to be attempting a rebound with strong volume after last week’s sell-off. Given the weak US unemployment data, investors will be eying out for Wed’s US CPI (8.30pm) and Thur’s US PPI (8.30pm) prints for clues on potential rate cuts.
With global risks lingering, investors looking for a defensive stock to weather the current volatility may want to consider RHBBANK (Target Price: MYR 7.70; FY25E Dividend Yield: 6.3%). For more details on the company, scroll up for the company’s latest earnings or check out our latest reports on your Maybank Trade MY App.
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#Middayrecap
The FBM KLCI printed another red day as the US reported a softer-than-expected unemployment rate last Friday. Broad market sentiment remained in bear territory too, risk-off sectors remained mostly flat while plantations outperformed as select heavy weights rebound. Within financials, CIMB seems to be attempting a rebound with strong volume after last week’s sell-off. Given the weak US unemployment data, investors will be eying out for Wed’s US CPI (8.30pm) and Thur’s US PPI (8.30pm) prints for clues on potential rate cuts.
With global risks lingering, investors looking for a defensive stock to weather the current volatility may want to consider RHBBANK (Target Price: MYR 7.70; FY25E Dividend Yield: 6.3%). For more details on the company, scroll up for the company’s latest earnings or check out our latest reports on your Maybank Trade MY App.
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Bursa Malaysia Midday Recap: Correction Steepens
The FBM KLCI continued to edge downwards as tariff (sparking recession fears) and a potential US gov shutdown sparked worries on the global stage. Broad based selling hit the rest of the market today as well, ending the morning session in a sea of red. Defensive sectors (financials and REITs) were not spared, but the decline lagged peers as we see most large cap banking names decline less than 1%. On the other hand, HEXTECH’s gains is somewhat supporting the transportation sector index.
Investors looking for alternatives, to yesterday’s defensive picks may want to consider alternatives such as PBBANK (Target Price: MYR 5.30; FY25E Dividend Yield: 5.1%) and AMBANK (Target Price: MYR 6.45; FY25E Dividend Yield: 5.4%). For the latest updates on the banking sector, check out our latest report on your Maybank Trade MY App.
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#Middayrecap
The FBM KLCI continued to edge downwards as tariff (sparking recession fears) and a potential US gov shutdown sparked worries on the global stage. Broad based selling hit the rest of the market today as well, ending the morning session in a sea of red. Defensive sectors (financials and REITs) were not spared, but the decline lagged peers as we see most large cap banking names decline less than 1%. On the other hand, HEXTECH’s gains is somewhat supporting the transportation sector index.
Investors looking for alternatives, to yesterday’s defensive picks may want to consider alternatives such as PBBANK (Target Price: MYR 5.30; FY25E Dividend Yield: 5.1%) and AMBANK (Target Price: MYR 6.45; FY25E Dividend Yield: 5.4%). For the latest updates on the banking sector, check out our latest report on your Maybank Trade MY App.
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Bursa Malaysia Midday Recap: Market Finally Turns Green
After five days of declines, the FBM KLCI rebounded into positive territory, lifted by a recovery on Wall Street. Today’s gains improved market sentiment, shifting towards the bulls. Most constituents are trading in the green, though REITs, telco & media, and transportation remain in negative territory. Leading the charge today is the technology sector, supported by INARI, FRONTKN, and VITROX. Meanwhile, gold extended its rally for the third day, driven by tariff uncertainty that strengthened safe-haven demand, while cooler inflation data provided support. Investors should keep an eye out for the release of the US PPI data at 8:30 PM today.
Given the positive interest in the tech sector, FRONTKN (Target Price: MYR 5.30) may present as a potential trading opportunity. For the full report, stock ideas, and market flow updates, access the Discover Tab on the Maybank Trade MY app.
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After five days of declines, the FBM KLCI rebounded into positive territory, lifted by a recovery on Wall Street. Today’s gains improved market sentiment, shifting towards the bulls. Most constituents are trading in the green, though REITs, telco & media, and transportation remain in negative territory. Leading the charge today is the technology sector, supported by INARI, FRONTKN, and VITROX. Meanwhile, gold extended its rally for the third day, driven by tariff uncertainty that strengthened safe-haven demand, while cooler inflation data provided support. Investors should keep an eye out for the release of the US PPI data at 8:30 PM today.
Given the positive interest in the tech sector, FRONTKN (Target Price: MYR 5.30) may present as a potential trading opportunity. For the full report, stock ideas, and market flow updates, access the Discover Tab on the Maybank Trade MY app.
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Bursa Malaysia Midday Recap: Can the Rally Last?
The FBM KLCI opened in negative territory but rebounded into the green before the midday break. Market sentiment remains bullish, with gainers outpacing laggards. Most indices are trading in positive territory, led by the technology sector, while the energy sector also saw a rebound for the second day after nearly ten consecutive days of losses. Meanwhile, gold continues its upward momentum amid concerns over US economic growth.
With gold in the spotlight, investors are seeking safe-haven assets, while WELLCHIP's director increased his stake as the stock trades at a lower PER than its peers, signaling potential value. Investors looking for opportunities in this space may consider WELLCHIP, as our analysts have reiterated a BUY rating with a target price of MYR 1.43. For the full report, stock ideas, and market flow updates, access the Discover Tab on the Maybank Trade MY app.
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The FBM KLCI opened in negative territory but rebounded into the green before the midday break. Market sentiment remains bullish, with gainers outpacing laggards. Most indices are trading in positive territory, led by the technology sector, while the energy sector also saw a rebound for the second day after nearly ten consecutive days of losses. Meanwhile, gold continues its upward momentum amid concerns over US economic growth.
With gold in the spotlight, investors are seeking safe-haven assets, while WELLCHIP's director increased his stake as the stock trades at a lower PER than its peers, signaling potential value. Investors looking for opportunities in this space may consider WELLCHIP, as our analysts have reiterated a BUY rating with a target price of MYR 1.43. For the full report, stock ideas, and market flow updates, access the Discover Tab on the Maybank Trade MY app.
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Bursa Malaysia Midday Recap: Uncertainty Lingers
The FBM KLCI opened in positive territory following the US Fed's decision to keep interest rates unchanged. However, closer to midday, the index lost momentum and slipped into the red. Despite the decline, market breadth improved slightly, with gainers outnumbering laggards. The technology and energy sectors extended their winning streak for the fifth day, while most defensive sectors remained in negative territory. Meanwhile, as geopolitical concerns persist, gold prices hit an all-time high, reflecting heightened investor caution.
Our analysts highlight GREATEC’s acquisition from a distressed seller as a long-term value driver, enhancing its automation exposure. Investors may consider GREATEC (Target Price: MYR 1.95) as a potential BUY. For the full report, stock ideas, and market flow updates, access the Discover Tab on the Maybank Trade MY app.
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The FBM KLCI opened in positive territory following the US Fed's decision to keep interest rates unchanged. However, closer to midday, the index lost momentum and slipped into the red. Despite the decline, market breadth improved slightly, with gainers outnumbering laggards. The technology and energy sectors extended their winning streak for the fifth day, while most defensive sectors remained in negative territory. Meanwhile, as geopolitical concerns persist, gold prices hit an all-time high, reflecting heightened investor caution.
Our analysts highlight GREATEC’s acquisition from a distressed seller as a long-term value driver, enhancing its automation exposure. Investors may consider GREATEC (Target Price: MYR 1.95) as a potential BUY. For the full report, stock ideas, and market flow updates, access the Discover Tab on the Maybank Trade MY app.
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Bursa Malaysia Midday Recap: Market Holds Firm Despite Headwinds
The FBM KLCI opened in positive territory today despite lingering concerns over US tariffs. Broad market sentiment remained bearish, with most risk-off sectors trading slightly up or flat. However, the construction sector rebounded after two consecutive days of losses, while financials continued their uptrend following a brief pause yesterday. On utilities, SALCON secured a RM167 million contract from Pengurusan Aset Air Bhd to build a new water treatment plant, raw water pipeline and related infrastructure in Melaka.
Investors seeking opportunities in the construction sector may consider GAMUDA (Target Price: MYR 5.25) as a potential trading pick. For the full report, stock ideas, and market flow updates, access the Discover Tab on the Maybank Trade MY app.
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The FBM KLCI opened in positive territory today despite lingering concerns over US tariffs. Broad market sentiment remained bearish, with most risk-off sectors trading slightly up or flat. However, the construction sector rebounded after two consecutive days of losses, while financials continued their uptrend following a brief pause yesterday. On utilities, SALCON secured a RM167 million contract from Pengurusan Aset Air Bhd to build a new water treatment plant, raw water pipeline and related infrastructure in Melaka.
Investors seeking opportunities in the construction sector may consider GAMUDA (Target Price: MYR 5.25) as a potential trading pick. For the full report, stock ideas, and market flow updates, access the Discover Tab on the Maybank Trade MY app.
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Bursa Malaysia Midday Recap: Cautious Trading Persists
The FBM KLCI started the week with sideways movement, hovering around the 1,500 mark. Despite the index staying in positive territory, market breadth remained weak, with laggards significantly outpacing gainers. Telco & media and REIT sectors extended their rebound after three consecutive days of declines, while the healthcare sector is dragged down by glove stocks. Meanwhile, most indices traded in the red at the midday break, reflecting a cautious market mood. Looking ahead, investors should keep an eye on BNM’s 2024 annual report released today and the US Core PCE Price Index scheduled for 28 March at 8:30PM.
With telco & media leading today's market gains, investors looking to explore this sector may consider TM (Target Price: MYR 7.50) as a potential BUY. For the full report, stock ideas, and market flow updates, access the Discover Tab on the Maybank Trade MY app.
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The FBM KLCI started the week with sideways movement, hovering around the 1,500 mark. Despite the index staying in positive territory, market breadth remained weak, with laggards significantly outpacing gainers. Telco & media and REIT sectors extended their rebound after three consecutive days of declines, while the healthcare sector is dragged down by glove stocks. Meanwhile, most indices traded in the red at the midday break, reflecting a cautious market mood. Looking ahead, investors should keep an eye on BNM’s 2024 annual report released today and the US Core PCE Price Index scheduled for 28 March at 8:30PM.
With telco & media leading today's market gains, investors looking to explore this sector may consider TM (Target Price: MYR 7.50) as a potential BUY. For the full report, stock ideas, and market flow updates, access the Discover Tab on the Maybank Trade MY app.
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Bursa Malaysia Midday Recap: Can The Rally Hold?
The local bourse continued its upward momentum, likely supported by overnight gains on Wall Street. Although the index remained in positive territory, market breadth stayed weak as laggards outnumbered gainers. However, the telco & media sector sustained its rally for the third consecutive day, led by gains from AXIATA, MAXIS, and CDB. Most indices traded in the green, except for property, healthcare, and industrials, which remained in negative territory.
The construction sector extended its rally for the second day, with GAMUDA (Target Price: MYR 5.25) and IJM (Target Price: MYR 3.35) emerging as potential trading opportunities. For the full report, stock ideas, and market flow updates, access the Discover Tab on the Maybank Trade MY app.
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The local bourse continued its upward momentum, likely supported by overnight gains on Wall Street. Although the index remained in positive territory, market breadth stayed weak as laggards outnumbered gainers. However, the telco & media sector sustained its rally for the third consecutive day, led by gains from AXIATA, MAXIS, and CDB. Most indices traded in the green, except for property, healthcare, and industrials, which remained in negative territory.
The construction sector extended its rally for the second day, with GAMUDA (Target Price: MYR 5.25) and IJM (Target Price: MYR 3.35) emerging as potential trading opportunities. For the full report, stock ideas, and market flow updates, access the Discover Tab on the Maybank Trade MY app.
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Bursa Malaysia Midday Recap: Finding Shelter
The FBM KLCI started the short week on a positive note, with defensive names helping to recover some of last Friday’s slump. Broad market sentiment mostly risk-off today as well with both banking and REIT names seeing some upside today. Aside from that, some gold stocks (i.e. TOMEI & POHKONG) also gained as gold prices climbed to new all-time highs. Key lookouts include Trump’s tariff announcement later tonight and US-employment related data points (Wed & Fri).
In this morning’s post, our analysts highlighted MNHLDG (Resistance: MYR 1.31; Stop Loss: MYR 1.02) following its recent contract win from TENAGA. Keep an eye on this stock for a potential technical bullish reversal. For more details, check out today’s Market Insights and Traders’ Almanac reports on your Maybank Trade MY app today!
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The FBM KLCI started the short week on a positive note, with defensive names helping to recover some of last Friday’s slump. Broad market sentiment mostly risk-off today as well with both banking and REIT names seeing some upside today. Aside from that, some gold stocks (i.e. TOMEI & POHKONG) also gained as gold prices climbed to new all-time highs. Key lookouts include Trump’s tariff announcement later tonight and US-employment related data points (Wed & Fri).
In this morning’s post, our analysts highlighted MNHLDG (Resistance: MYR 1.31; Stop Loss: MYR 1.02) following its recent contract win from TENAGA. Keep an eye on this stock for a potential technical bullish reversal. For more details, check out today’s Market Insights and Traders’ Almanac reports on your Maybank Trade MY app today!
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Bursa Malaysia Midday Recap: 5 Days Down
The FBM KLCI extended its downtrend for the fifth session, following weaker Wall Street performance. Market breadth stayed weak, with laggards outnumbering gainers. Construction rebounded after five days of declines, while technology saw a sharper drop than the previous day. Although the energy sector remained in the red, oil prices edged higher, likely driven by geopolitical tensions between Iran and Israel. Meanwhile, gold prices rose as the US dollar weakened and investors sought safe-haven assets amid US fiscal uncertainty.
Our analysts released a SUNCON report highlighting strong performance in earnings, dividends and job wins, prompting an upgrade to BUY with a higher target price of MYR 5.24. Investors eyeing construction exposure may consider SUNCON. For the full report, stock ideas, and market flow updates, access the Discover Tab on the Maybank Trade MY app.
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The FBM KLCI extended its downtrend for the fifth session, following weaker Wall Street performance. Market breadth stayed weak, with laggards outnumbering gainers. Construction rebounded after five days of declines, while technology saw a sharper drop than the previous day. Although the energy sector remained in the red, oil prices edged higher, likely driven by geopolitical tensions between Iran and Israel. Meanwhile, gold prices rose as the US dollar weakened and investors sought safe-haven assets amid US fiscal uncertainty.
Our analysts released a SUNCON report highlighting strong performance in earnings, dividends and job wins, prompting an upgrade to BUY with a higher target price of MYR 5.24. Investors eyeing construction exposure may consider SUNCON. For the full report, stock ideas, and market flow updates, access the Discover Tab on the Maybank Trade MY app.
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Bursa Malaysia Midday Recap: Tariff Tensions Linger
The local bourse started the week on a weaker note, likely reflecting market confusion over the shifting US tariff timeline. While the original 90-day pause was set to end on 9 July, recent news indicates it has been extended to 1 August. Market sentiment remained bearish, with all indices in the red. Technology led the decline, followed by construction. Even industrials and property, which rallied for nine consecutive sessions, failed to maintain momentum. A key event this week is BNM's monetary policy decision, scheduled for Wednesday at 3PM.
Amid the sea of red, trading opportunities may still arise. Today’s Traders’ Almanac highlights FPI (Estimated Resistance: MYR 1.88; Stop Loss: MYR 1.39) and HAWK (Estimated Resistance: MYR 0.625; Stop Loss: MYR 0.460) as potential BUYs. For the full report, stock ideas and market flows, access Discover Tab on Maybank Trade MY app.
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The local bourse started the week on a weaker note, likely reflecting market confusion over the shifting US tariff timeline. While the original 90-day pause was set to end on 9 July, recent news indicates it has been extended to 1 August. Market sentiment remained bearish, with all indices in the red. Technology led the decline, followed by construction. Even industrials and property, which rallied for nine consecutive sessions, failed to maintain momentum. A key event this week is BNM's monetary policy decision, scheduled for Wednesday at 3PM.
Amid the sea of red, trading opportunities may still arise. Today’s Traders’ Almanac highlights FPI (Estimated Resistance: MYR 1.88; Stop Loss: MYR 1.39) and HAWK (Estimated Resistance: MYR 0.625; Stop Loss: MYR 0.460) as potential BUYs. For the full report, stock ideas and market flows, access Discover Tab on Maybank Trade MY app.
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Bursa Malaysia Midday Recap: Tariff Pressure Mounts
The FBM KLCI continued its downtrend this morning, weighed down by concerns following the latest US tariff announcement, which included a revised tariff rate for Malaysia. Adding to the cautious tone, Malaysia now faces renewed US trade risks, as countries linked to the BRICS alliance could be hit with an additional 10% tariff. After yesterday’s sea of red a few sectors managed to rebound, particularly healthcare, followed by REITs. In contrast, the technology sector extended its downtrend due to the ongoing tariff narrative and dragged down further by INARI.
With REITs gaining momentum, investors may consider IGBREIT (Target Price: MYR 2.56), PAVREIT (Target Price: MYR 1.83), and SUNREIT (Target Price: MYR 2.13) as potential trading opportunities. For the full report, stock ideas, and market flow updates, access the Discover Tab on the Maybank Trade MY app.
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The FBM KLCI continued its downtrend this morning, weighed down by concerns following the latest US tariff announcement, which included a revised tariff rate for Malaysia. Adding to the cautious tone, Malaysia now faces renewed US trade risks, as countries linked to the BRICS alliance could be hit with an additional 10% tariff. After yesterday’s sea of red a few sectors managed to rebound, particularly healthcare, followed by REITs. In contrast, the technology sector extended its downtrend due to the ongoing tariff narrative and dragged down further by INARI.
With REITs gaining momentum, investors may consider IGBREIT (Target Price: MYR 2.56), PAVREIT (Target Price: MYR 1.83), and SUNREIT (Target Price: MYR 2.13) as potential trading opportunities. For the full report, stock ideas, and market flow updates, access the Discover Tab on the Maybank Trade MY app.
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Bursa Malaysia Midday Recap: Sideways and Sensitive
The FBM KLCI traded sideways, reflecting cautious investor sentiment and further weighed down by PCHEM and YTL. Bearish sentiment remained in control, with most risk-off sectors stayed in the red. The energy sector extended its rally for the fourth day, while healthcare rebounded after two days of losses. Gold extended gains, driven by safe-haven demand after Trump’s 30% tariff threat on EU and Mexican imports. Key US data to watch this week: CPI on 15 July and PPI on 16 July, both at 8:30 PM.
For those looking to trade amid weakness, our technical analysis highlights UWC (Estimated Resistance: MYR 2.55) and FEYTECH (Estimated Resistance: MYR 0.445) as potential opportunities. Amid ongoing volatility, adhere to the stop-loss levels set by our analysts. For the full report, stock ideas, and market flow updates, access the Discover Tab on the Maybank Trade MY app
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The FBM KLCI traded sideways, reflecting cautious investor sentiment and further weighed down by PCHEM and YTL. Bearish sentiment remained in control, with most risk-off sectors stayed in the red. The energy sector extended its rally for the fourth day, while healthcare rebounded after two days of losses. Gold extended gains, driven by safe-haven demand after Trump’s 30% tariff threat on EU and Mexican imports. Key US data to watch this week: CPI on 15 July and PPI on 16 July, both at 8:30 PM.
For those looking to trade amid weakness, our technical analysis highlights UWC (Estimated Resistance: MYR 2.55) and FEYTECH (Estimated Resistance: MYR 0.445) as potential opportunities. Amid ongoing volatility, adhere to the stop-loss levels set by our analysts. For the full report, stock ideas, and market flow updates, access the Discover Tab on the Maybank Trade MY app
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Bursa Malaysia Midday Recap: Market Gains Ground
The FBM KLCI inched higher this morning, tracking gains from Wall Street’s upbeat close last night. Market sentiment continued to improve, with most index constituents trading in the green. Construction maintained its steady uptrend, while telco & media sector slipped into negative territory, weighed down by losses in CDB and AXIATA. In the tech sector, NEXG’s subsidiary Datasonic Technologies S/B has obtained a further six-month extension from the Ministry of Home Affairs to continue its passport chip supply contract.
With construction gaining momentum, investors may want to keep an eye on GAMUDA (Target Price: MYR 5.37), IJM (Target Price: MYR 3.18), and SUNCON (Target Price: MYR 6.72) as potential trading opportunities. For the full report, stock ideas, and market flow updates, access the Discover Tab on the Maybank Trade MY app.
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The FBM KLCI inched higher this morning, tracking gains from Wall Street’s upbeat close last night. Market sentiment continued to improve, with most index constituents trading in the green. Construction maintained its steady uptrend, while telco & media sector slipped into negative territory, weighed down by losses in CDB and AXIATA. In the tech sector, NEXG’s subsidiary Datasonic Technologies S/B has obtained a further six-month extension from the Ministry of Home Affairs to continue its passport chip supply contract.
With construction gaining momentum, investors may want to keep an eye on GAMUDA (Target Price: MYR 5.37), IJM (Target Price: MYR 3.18), and SUNCON (Target Price: MYR 6.72) as potential trading opportunities. For the full report, stock ideas, and market flow updates, access the Discover Tab on the Maybank Trade MY app.
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Bursa Malaysia Midday Recap: Bears Still in Control
The FBM KLCI opened higher this morning but quickly reversed course, dipping back into negative territory and extending its losing streak to two days. Market sentiment stayed bearish, with most indices in the red, while transportation and consumer sectors were the only notable gainers. Industrials pulled back after a three-day rally. Meanwhile on construction, ANEKA secured a MYR72.3m contract for piling works at a data centre project in Eco Business Park V, Kuala Selangor.
Over in REITs, CLMT’s 2Q25 results were broadly in line, supported by stronger earnings and improved occupancy. Our analysts maintain a BUY rating with an unchanged TP of MYR0.76, citing steady performance and attractive FY25/26E DY of 6.5%/7.2%. For the full report, stock ideas, and market flow updates, visit the Discover Tab on the Maybank Trade MY app.
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The FBM KLCI opened higher this morning but quickly reversed course, dipping back into negative territory and extending its losing streak to two days. Market sentiment stayed bearish, with most indices in the red, while transportation and consumer sectors were the only notable gainers. Industrials pulled back after a three-day rally. Meanwhile on construction, ANEKA secured a MYR72.3m contract for piling works at a data centre project in Eco Business Park V, Kuala Selangor.
Over in REITs, CLMT’s 2Q25 results were broadly in line, supported by stronger earnings and improved occupancy. Our analysts maintain a BUY rating with an unchanged TP of MYR0.76, citing steady performance and attractive FY25/26E DY of 6.5%/7.2%. For the full report, stock ideas, and market flow updates, visit the Discover Tab on the Maybank Trade MY app.
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Bursa Malaysia Midday Recap: Markets Turn Cautious Post-Merdeka
The FBM KLCI opened higher after the Merdeka break but slipped into the red, reflecting cautious sentiment ahead of key events this week. Market breadth was weak, with nearly all indices in the red. Only financials and REITs stood out as gainers. Gold prices surged to all-time highs, supported by a weaker dollar and rising expectations of a US interest rate cut this month. Looking ahead, focus is on BNM's monetary policy decision (4 Sep) and key US data, including the S&P Global Manufacturing PMI (2 Sep), non-farm payrolls, and unemployment rate (5 Sep).
With sentiment turning more cautious, investors seeking trading opportunities may consider BNASTRA (Estimated Resistance: MYR2.16) or KAREX (ER: MYR0.855). As always, adhere to the stop-loss levels outlined by our analysts, and check out today’s Traders’ Almanac video for more insights.
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The FBM KLCI opened higher after the Merdeka break but slipped into the red, reflecting cautious sentiment ahead of key events this week. Market breadth was weak, with nearly all indices in the red. Only financials and REITs stood out as gainers. Gold prices surged to all-time highs, supported by a weaker dollar and rising expectations of a US interest rate cut this month. Looking ahead, focus is on BNM's monetary policy decision (4 Sep) and key US data, including the S&P Global Manufacturing PMI (2 Sep), non-farm payrolls, and unemployment rate (5 Sep).
With sentiment turning more cautious, investors seeking trading opportunities may consider BNASTRA (Estimated Resistance: MYR2.16) or KAREX (ER: MYR0.855). As always, adhere to the stop-loss levels outlined by our analysts, and check out today’s Traders’ Almanac video for more insights.
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Bursa Malaysia Midday Recap: Building US Rate Cut Expectations
The FBM KLCI climbed today as last Friday’s softer US labour data pushed the probability of Fed rate cuts higher (CME Fed Watchtool: 90% for a 25bps rate cut; 10% for 50bps). Broad market flipped back into positive territory today with most sectors in the green. Gold prices seen higher from last Thursday’s close given the higher rate cut expectations. Key lookouts this week is US inflation focused: PPI (Wed), CPI (Thur).
Updates on the technical front, KSL ended the morning session just below our first technical resistance level of MYR1.85. For investors looking for trade ideas today, consider checking out DRBHCOM (Estimated Resistance: MYR0.970; Stop Loss: MYR0.795) as an alternative. For a full breakdown on this trade idea, check out todays’ Traders’ Almanac video above!
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#Middayrecap
The FBM KLCI climbed today as last Friday’s softer US labour data pushed the probability of Fed rate cuts higher (CME Fed Watchtool: 90% for a 25bps rate cut; 10% for 50bps). Broad market flipped back into positive territory today with most sectors in the green. Gold prices seen higher from last Thursday’s close given the higher rate cut expectations. Key lookouts this week is US inflation focused: PPI (Wed), CPI (Thur).
Updates on the technical front, KSL ended the morning session just below our first technical resistance level of MYR1.85. For investors looking for trade ideas today, consider checking out DRBHCOM (Estimated Resistance: MYR0.970; Stop Loss: MYR0.795) as an alternative. For a full breakdown on this trade idea, check out todays’ Traders’ Almanac video above!
Trade Your Way Forward. Simple, Smart and Seamlessly
#Middayrecap
Forwarded from Trade With Maybank
Bursa Malaysia Midday Recap: Fed Bet Cuts Intact
The FBM KLCI turned green after last night’s US CPI inflation reading that came in within consensus expectations and the weaker-than-expected weekly jobless claims data. The buying extended to the broad market with majority of the sectors in the green. Utilities continued to push higher with blue chips leading, meanwhile, tech extended its rally with semicon names in front. Post-long weekend break, look out for the US Fed interest rate decision on 18 Sep, 2:00 am.
Investors looking to trade the continued momentum within the tech space may want to consider DUFU (Estimated Resistance: MYR 1.28; Stop Loss: MYR1.05) as a potential trade idea. The stock just completed its inverse head and shoulders pattern with strong volume yesterday, signaling that the broader downtrend may have subsided. For details on the trade set up, check out today’s Traders’ Almanac video.
Trade Your Way Forward. Simple, Smart and Seamlessly
#Middayrecap
The FBM KLCI turned green after last night’s US CPI inflation reading that came in within consensus expectations and the weaker-than-expected weekly jobless claims data. The buying extended to the broad market with majority of the sectors in the green. Utilities continued to push higher with blue chips leading, meanwhile, tech extended its rally with semicon names in front. Post-long weekend break, look out for the US Fed interest rate decision on 18 Sep, 2:00 am.
Investors looking to trade the continued momentum within the tech space may want to consider DUFU (Estimated Resistance: MYR 1.28; Stop Loss: MYR1.05) as a potential trade idea. The stock just completed its inverse head and shoulders pattern with strong volume yesterday, signaling that the broader downtrend may have subsided. For details on the trade set up, check out today’s Traders’ Almanac video.
Trade Your Way Forward. Simple, Smart and Seamlessly
#Middayrecap
Forwarded from Trade With Maybank
Bursa Malaysia Midday Recap: Falling Within Expectations
The FBM KLCI pulled back today following yesterday’s strong rally in the second half. Today’s performance came about after the US Fed guided for a more measured approach to rate cuts which fell within market’s expectations (i.e. 2 more 25 bps cuts in 2025). Broad market investors also turned to lock in some profits with laggards outnumbering gainers today. Only 4 sectors stayed in the green today with property outperforming on the back of a small bounce in SPSETIA and KSL’s continued rally.
Investors bullish on yesterday’s rate cut may want to consider checking out JFTECH (Estimated Resistance: MYR0.485; Stop Loss: MYR0.395) or TMK (ER: MYR1.27; SL: MYR1.03), both highlighted in our technical analysis report today. Check out today’s video for a breakdown on the stocks’ technical set up.
Trade Your Way Forward. Simple, Smart and Seamlessly
#Middayrecap
The FBM KLCI pulled back today following yesterday’s strong rally in the second half. Today’s performance came about after the US Fed guided for a more measured approach to rate cuts which fell within market’s expectations (i.e. 2 more 25 bps cuts in 2025). Broad market investors also turned to lock in some profits with laggards outnumbering gainers today. Only 4 sectors stayed in the green today with property outperforming on the back of a small bounce in SPSETIA and KSL’s continued rally.
Investors bullish on yesterday’s rate cut may want to consider checking out JFTECH (Estimated Resistance: MYR0.485; Stop Loss: MYR0.395) or TMK (ER: MYR1.27; SL: MYR1.03), both highlighted in our technical analysis report today. Check out today’s video for a breakdown on the stocks’ technical set up.
Trade Your Way Forward. Simple, Smart and Seamlessly
#Middayrecap