{
  "id": 19280450,
  "title": "Switch to defensive stocks as investors move away from manufacturers, tech, says BIMB",
  "url": "https://urgent.news/2026/11/10/switch-to-defensive-stocks-as-investors-move-away-from-manufacturers",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-10T03:08:46.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/11/1574442/switch-defensive-stocks-investors-move-away-manufacturers-tech"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR: BIMB Securities Research has shifted its investment stance on Malaysian equities, anticipating a narrow trading range for the FTSE Bursa Malaysia KLCI amid a global technology sell-off and falling commodity prices. The research firm predicts the benchmark index will swing between 1,610 and 1,630 points, with 1,600 acting as a key support level. This strategic pivot towards defensive sectors, particularly banking and domestic infrastructure, follows a significant institutional rotation away from export-oriented manufacturers and technology stocks. The corrections in global technology shares, driven by US AI regulation concerns, have prompted institutional investors to abandon high-risk tech champions in favor of defensive financial and infrastructure heavyweights.",
  "summary": "KUALA LUMPUR: BIMB Securities Research has adopted a more defensive stance on Malaysian equities, expecting the FTSE Bursa Malaysia KLCI (FBM KLCI) to trade within a narrow range as a global technology sell-off and falling commodity prices weigh on market sentiment.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}