The FBM KLCI eased 0.23% on Tuesday, pressured by profit-taking in heavyweights CIMB and Tenaga. Market breadth was negative, with 666 decliners outpacing 448 gainers. Sector performance was mixed: Finance (+0.29%), Telecommunications & Media (+0.20%) and Consumer (+0.08%) posted gains, while Utilities (-1.47%), Plantation (-1.12%) and Industrial Products (-1.09%) lagged. Globally, Wall Street advanced, lifted by software and semiconductor stocks, with AMD surging on a major AI chip deal with Meta.
European equities edged higher, while Asian markets were mixed, with Shanghai rebounding post-holiday and Hang Seng retreating. Outlook remains cautious as investors await NVIDIA’s earnings, seen as a key gauge of AI demand, while fresh US tariffs add uncertainty. Locally, the FBM KLCI is expected to trade range-bound, with selective interest in consumer, banking and REIT sectors, supported by ringgit strength, tourism prospects, and stable dividend yields.
Entrepreneurs play a vital role in Malaysia’s economic growth, facing challenges while driving innovation and…
The Royal Commission of Inquiry into Tabung Haji emphasizes governance issues, recommending reforms to enhance…
RewardinMe's AI Agent enhances gamified marketing, offering strategy, content generation, and reward optimization for brands…
Tune Protect & Sunway XFarms expand Grow & Give, installing solar hydroponics at SK Saujana…
Flavettes Merdeka 2026 campaign celebrates health, heritage, and generational bonds with collaborations across tourism, retail,…
In line with the broad market expectations, the US Fed left the fed funds rates…
This website uses cookies.