Local Investors Will Continue To Focus On Construction, Property And RE
Local Investors Will Continue To Focus On Construction, Property And RE
The FBM KLCI declined for the third consecutive day, while the FBM Small Cap index rebounded. In the US, market sentiment turned negative, with all major indices closing in the red as uncertainties surrounding the upcoming US elections intensified. Also, US home sales fell short of expectations, while Treasury yields rose to a three-month high, with the market now pricing in an 89% probability of a 25 bps rate cut at the upcoming FOMC meeting. In the commodities market, Brent crude oil dipped slightly after US crude inventories increased more than anticipated, despite a rebound in refining activity. Meanwhile, gold prices pulled back but remained above the USD2,700 mark. CPO prices edged closer to RM4,500, signalling a potential
upward rally.
Sector Focus: Malacca Securities said it believes investors will continue to focus on the Construction, Property, and Renewable Energy sectors after the Budget 2025. Meanwhile, we are optimistic about the commodity sectors, as CPO has been trending positively in recent trading sessions, which may drive higher trading activity in the Plantation sector. Besides, as the ringgit weakened further to RM4.347/USD, the house expects traders to seize the opportunity to accumulate stocks in the Glove and Technology sectors.
行業焦點：馬六甲證券表示，它相信在2025年預算之後，投資者將繼續關注建築、房地產和可再生能源行業。同時，我們對大宗商品板塊持樂觀態度，因爲CPO在最近的交易時段一直呈積極趨勢，這可能會推動種植園行業的交易活動增加。此外，隨着令吉進一步貶值至4.347令吉/美元，該行預計交易者將抓住機會積累手套和科技板塊的股票。
The FBM KLCI index is envisaged around 1,656-1,661, and the support is set at 1,621-1,626.
FbM KLCI指數預計在1,656-1,661左右，支撐位設定爲1,621-1,626。
譯文內容由第三人軟體翻譯。
