The commodity-linked sectors such as energy, metal-related, and plantation stocks should continue to be the prevailing theme despite a mild pullback on prices last week, Malacca Securities said in a note.
Meanwhile, it expects selected local companies may be driven by the final day of the 4Q reporting season.
Reviewing Bursa’s performance, the stockbroking firm said that the FBM KLCI erased losses from a turbulent week along with the regional peers, as investors shrugged off Russia-Ukraine geopolitical tensions last week.
Although Malacca Securities said that Wall Street’s rebound extended on Friday, market condition is likely to remain fragile as the US stock futures trended lower at the time of writing on the back of returning concern on the Ukraine-Russia tension as President Putin puts his nuclear forces on high alerts.
The Brent oil is trading above USD103, while CPO is likely to rebound after last week’s retracement.
