05/07/2021
Apa cerita tentang di Bursa hari ini oleh Mplus Analyst. Nie cerita pagi tadi
Market update:
The FBM KLCI edged lower in a volatile week following the implementation of EMCO over in parts of Selangor and Kuala Lumpur. Having said that, market sentiment may improve as five states in the country are moving into Phase-2 of the National Recovery Plan (NRP). Nevertheless, upside could be capped on the FBM KLCI as investors could stay cautious as Covid-19 daily cases remained above 6,000. Meanwhile, investors may monitor BNM’s interest rate decision this week to position themselves in the stock markets. Commodities wise, the CPO price rose for the fourth consecutive day, while Brent oil is trading near USD76.
Sector focus:
The oil & gas sector may be focused as Brent oil price is trending around USD76. Besides, we opine that the technology sector should stay in line with Nasdaq upward movement. Given that we are still in the lockdown mode with 5 states moving into Phase-2 of the NRP, we may lookout for plastic packaging stocks amid stronger demand on plastic usage.