Which sectors are favoured by analysts for the trading session?

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Analysts Favour Consumer, Oil and Gas, and Technology Sectors

Analysts have indicated a preference for the consumer, oil and gas (O&G), and technology sectors for the current trading session. The technology sector, in particular, is seen as having the potential for a rebound, influenced by a generally positive sentiment observed on Wall Street.
Consumer, O&G, and Technology Sector Outlook

The favoured sectors for this trading session are consumer, oil and gas (O&G), and technology. This selection reflects a strategic view on market performance, with the technology sector specifically anticipated to experience a recovery. This positive outlook for technology stocks is linked to the slightly buoyant mood on Wall Street.
Market Influences and Sector Performance

The broader market sentiment is influenced by various factors, including global monetary policy shifts and overnight performance on major exchanges. The Bank of Japan's recent decision to widen its allowable band for long-term yields has created some market jitters, impacting regional markets. However, a rebound in Wall Street's performance and potential year-end window dressing activities are expected to provide support.
Specific Sector Considerations

Within the favoured sectors, the oil and gas industry is closely watched, with Brent crude oil prices trading below US$80. The consumer sector's performance is also a point of interest. For the technology sector, the positive sentiment on Wall Street serves as a key driver for its anticipated rebound.
Construction and Building Materials Projects

Beyond the generally favoured sectors, there are specific developments influencing others. The Transport Ministry's agreement to review five development projects, collectively valued at RM650 million, is expected to provide traction for the construction and building material sectors.

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Which sectors are favoured by analysts for the trading session?

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