Top Stories
Sector Update | Oil & Gas
Petronas is well positioned to be a leading energy producer with leverage in energy security matters, especially in a new era where AI-driven growth can only be enabled by available energy. However, Petronas’ growth will not spare the market from near-term volatilities. 2H26 Petronas-related events include completion of Petronas Gas reorganisation, developments of Searah Eni-Petronas JV (which may cause work orders disruption), and consolidation of PRefChem after the Aramco exit (the JV’s cumulative losses are RM19b). Maintain MARKET WEIGHT.
Market Spotlight
- The FBMKLCI rose 9.26pt to close at 1,731.45 last Friday following strong buying interest in blue chips buoyed by the positive sentiment in the overnight US market.
- US stocks were lower after the close on Friday, as losses in the consumer goods, consumer services and technology sectors led shares lower.
Technical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Favelle Favco | FAVCO MK
Trading Buy Range: RM1.70-1.73
Farm Price Holdings | FPHB MK
Trading Buy Range: RM0.355-0.36
N2N Connect | N2N MK
Trading Buy Range: RM0.325-0.33
Top Stories
Sector Update | Oil & Gas
Petronas is well positioned to be a leading energy producer with leverage in energy security matters, especially in a new era where AI-driven growth can only be enabled by available energy. However, Petronas’ growth will not spare the market from near-term volatilities. 2H26 Petronas-related events include completion of Petronas Gas reorganisation, developments of Searah Eni-Petronas JV (which may cause work orders disruption), and consolidation of PRefChem after the Aramco exit (the JV’s cumulative losses are RM19b). Maintain MARKET WEIGHT.
Market Spotlight
- The FBMKLCI rose 9.26pt to close at 1,731.45 last Friday following strong buying interest in blue chips buoyed by the positive sentiment in the overnight US market.
- US stocks were lower after the close on Friday, as losses in the consumer goods, consumer services and technology sectors led shares lower.
Technical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Favelle Favco | FAVCO MK
Trading Buy Range: RM1.70-1.73
Farm Price Holdings | FPHB MK
Trading Buy Range: RM0.355-0.36
N2N Connect | N2N MK
Trading Buy Range: RM0.325-0.33
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