The banking sector may be in focus, supported by the interest rate upcycle environment as traders may look at the healthcare sector for short-term trade amid growing Covid-19 cases, Malacca Securities said in a note
It said that it noticed buying interest has been seen within the construction and building material segment.
On the flip side, we may anticipate technology stocks to pull back as Nasdaq reversed its gains yesterday.
On the local market, the FBM KLCI (+0.5%) mirrored the positive developments on Wall Street overnight as the key index trimmed its weekly losses to close -1.7% WoW.
It said that the lower liners also rebounded, while the broader market ended mostly higher, led by the telecommunications and media sector (+1.2%).
On the global markets, it said that the FBM KLCI (+0.5%) mirrored the positive developments on Wall Street overnight as the key index trimmed its weekly losses to close -1.7% WoW.
It said that the lower liners also rebounded, while the broader market ended mostly higher, led by the telecommunications and media sector (+1.2%).
