KUALA LUMPUR: The FBM KLCI edged higher on Monday as it rode on renewed buying interest, spurred on by hopes the US Federal Reserve will maintain a dovish stance.
The late-buying interest last Friday pushed trend and momentum indicators higher, pointing to a potential for further near-term gains, said TA Securities in its technical outlook.
However, the research firm said the latest round of punitive tariffs imposed by US President Donald Trump, combined with uncertainty over future interest rate cuts amid unexpectedly strong economic data, continues to weigh on investor sentiment and may limit the market's upside in the near term.
Meanwhile, Rakuten Trade expects buying activities to persist as more foreign funds are looking for value propositions.
It expects the index to trend within the 1,605-1,615 range today.
At the starting bell, the benchmark index was up 0.7 points to 1,609.75, just a couple of points below the recent closing high of 1,611.7 on Sept 17, 2025.
Early gainers included Nestle up 94 sen to RM96.98, Bintulu Port rising 40 sen to RM5.90 and United Plantation gaining 32 sen to RM23.22.
Of actives, EA was flat at 0.5 sen, NexG Bina unchanged at 9.5 sen and MTouche up one sen to 7.5 sen.
Sumber : thestar.com.my
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