A busy street scene in Malaysia
The FBM KLCI retreated 0.21% on Tuesday, erasing earlier gains as profit‑taking weighed on sentiment despite continued foreign inflows. Market breadth was marginally positive, with 563 advancers against 546 decliners, led by strength in healthcare, construction and telco counters. Consumer, utilities and industrial products lagged. Globally, Wall Street ended mixed, with the Dow notching a fresh record while the Nasdaq and S&P 500 slipped on weakness in large‑cap tech. Softer US retail sales data reinforced expectations of Federal Reserve rate cuts later this year.
European equities were subdued amid UK political uncertainty, while Asian markets closed broadly higher. Looking ahead, domestic focus will turn to Malaysia’s unemployment data, while investors await US non‑farm payrolls for policy cues. Analysts expect foreign inflows and rotation into Asia to cushion downside, with defensive large‑caps and earnings‑visible names — particularly banks, REITs and selective tech stocks — remaining in favour.
Bursa Malaysia appoints CFO Azizan Abdul Aziz as Islamic capital market director, reinforcing focus on…
Huawei unveils FusionSolar9.0 in Malaysia, introducing AI‑powered, grid‑stabilising solar technology to boost clean energy transition…
Private markets remain resilient but face mounting pressure from higher rates, weak exits, concentrated AI…
Fomca urges government transparency on Budget 2026 cuts, warning healthcare reductions could harm patients, staff,…
PETRONAS and ENEOS renew LNG partnership, securing 10% stake in MLNG Tiga to strengthen energy…
UAE exits OPEC+, weakening spare capacity control and signaling shift toward capacity-driven competition, raising volatility…
This website uses cookies.