Bullish market but caution is advised on potential risks with the looming threat of a US recession and geopolitical tensions while "Investors tread cautiously"
Bursa Malaysia started on a positive note, buoyed by Wall Street’s optimistic trend. The FTSE Bursa Malaysia KLCI (FBM KLCI) opened higher, following regional markets, fueled by expectations of a potential interest rate cut amid US economic indicators.
Read More Business News
Investor attention shifted to Friday’s May Nonfarm Payrolls report. Heavyweights like Maybank and Tenaga Nasional showed gains.
The financial services sector led the market’s upward trajectory. Overall, the market is expected to remain bullish, with technical indicators suggesting a trading range between 1,600 and 1,620 points.
Meanwhile, yesterday, the FBM KLCI closed lower with heavy profit-taking in banking stocks.
“We believe the outlook for local equities remains positive, supported by strong corporate earnings. Hence, we anticipate the FBM KLCI to trend within the range of 1,600-1,615 today,” says Rakuten Trade.
Quick Note: Bursa Malaysia opens higher, tracking Wall Street’s positive performance, with FBM KLCI rising amid expectations of a potential interest rate cut.
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.
