M K Land Awards Solarvest RM142.3mil EPCC Contract for 29.99MW Kedah Solar Plant
The FBM KLCI climbed 10.15 points, or 0.59%, to 1,741.61 on Wednesday, compared with Tuesday’s close of 1,731.46. Market breadth was positive, with 665 gainers against 509 decliners.
The rally was led by Utilities (+1.65%) and Energy (+1.62%), as crude oil prices approached US$90 per barrel, supporting commodity-linked counters. However, REITs (-0.40%) and Property (-0.26%) remained under pressure.
For Malaysia, higher oil prices offer support to Energy and selected Utilities counters but could also raise inflationary pressures and weigh on broader corporate earnings if sustained. Investors remain cautious as uncertainty surrounding the Strait of Hormuz continues.
Utilities and Energy could retain momentum, while Construction may remain supported by data-centre and AI-related investment.
Technically, the FBM KLCI is testing the upper boundary of its downward-sloping channel. A sustained break above 1,760–1,770 would strengthen the bullish case. Immediate support remains at 1,720, followed by 1,700.
Wall Street ended mixed while US headline inflation is rising. The Dow Jones slipped 0.04%,…
This land deal for Sime Darby Property is also consistent with the Group's SHIFT32 strategy,…
Financing receivables at RCE Capital declined marginally by 0.5% QoQ to RM2.1bn. Results were in-line…
The job for HE Group commences on the date of acceptance and is targeted for…
Analysts maintain Outperform call with a higher TP of RM7.81 for SD Guthrie based on 20x FY27…
Malaysia’s labour market remained resilient in June, but softer hiring momentum and rising job losses…
This website uses cookies.