The FBM KLCI ended flat amid mixed regional market performance, with construction (+1.9%) and real estate investment trusts (+1.3%) leading gains, while industrial (-1.3%) and energy (-1.3%) sectors saw selling pressure.
Local Markets
Local markets are expected to trade sideways, with focus on upcoming US inflation data and Malaysia’s Budget 2025.
Global markets were similarly varied. The US stock market rallied ahead of the September CPI reading, with technology stocks driving record highs. Europe’s STOXX 600 rose 0.6%, led by automobiles.
In Asia, Japan’s Nikkei climbed 0.9%, but China’s 10-day market rally ended as Shanghai Composite (-6.6%) and Hang Seng (-1.4%) dipped.
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