Key Indices
Top Stories
Sector Update | Construction
- We observed a slowdown in the rollout of domestic public infrastructure projects in 7M26. The public infrastructure pipeline for 2H26-2027 may also be less exciting, due to rising diesel and building material costs, a volatile political landscape, and potentially lower government expenditure on rising petrol subsidies. Historical data also suggests that downside risk for construction stocks due to election is minimal, and the sector tends to deliver consistent returns two months after an election. Maintain OVERWEIGHT.
Market Spotlight
- The FBMKLCI closed lower (-6.90pt, -0.40%) at 1,734.71 yesterday despite some bargain hunting.
- US stocks were higher after the close on Thursday, as gains in the telecommunications, consumer goods and technology sectors led shares higher.
Technical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
EPB Group | EPB MK Page 8
- Trading Buy Range: RM0.24-0.245
EWI Capital | EWICAP MK
- Trading Buy Range: RM0.195-0.20
Harbour-Link Group | HALG MK
- Trading Buy Range: RM1.31-1.33
Top Stories
Sector Update | Construction
- We observed a slowdown in the rollout of domestic public infrastructure projects in 7M26. The public infrastructure pipeline for 2H26-2027 may also be less exciting, due to rising diesel and building material costs, a volatile political landscape, and potentially lower government expenditure on rising petrol subsidies. Historical data also suggests that downside risk for construction stocks due to election is minimal, and the sector tends to deliver consistent returns two months after an election. Maintain OVERWEIGHT.
Market Spotlight
- The FBMKLCI closed lower (-6.90pt, -0.40%) at 1,734.71 yesterday despite some bargain hunting.
- US stocks were higher after the close on Thursday, as gains in the telecommunications, consumer goods and technology sectors led shares higher.
Technical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
EPB Group | EPB MK Page 8
- Trading Buy Range: RM0.24-0.245
EWI Capital | EWICAP MK
- Trading Buy Range: RM0.195-0.20
Harbour-Link Group | HALG MK
- Trading Buy Range: RM1.31-1.33
Key Indices
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