Focus on Construction, Utilities, Property, and Plantation sectors

The FBM KLCI closed higher on Thursday, rising 0.7% due to bargain hunting in data centre-related stocks, with gains led by Petronas Gas, Gamuda, and YTL Power. Most sectors performed well, except Real Estate Investment Trusts.

Construction and property

The Malaysian market is expected to continue its recovery, with focus on Construction, Utilities, Property, and Plantation sectors. Investors await the US jobs report for economic insights.

Dow declined

Global markets were mixed, with Wall Street seeing gains in the S&P (+0.5%) and Nasdaq (+0.4%), while the Dow declined (-0.3%). European stocks hit record highs, and Asian markets advanced, tracking Wall Street’s positive momentum.

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