The FBM KLCI closed slightly lower, down 0.1%, reflecting cautious market sentiment. The lower-liner stocks were mixed, and the Telecom sector outperformed with a 0.4% gain, while other sectors showed mostly positive results.
The FBM KLCI is expected to stay on a negative trend due to geopolitical tensions and rising U.S. Treasury yields, which are prompting a risk-averse sentiment. Investors are advised to focus on defensive sectors like gold-related stocks and utilities. There’s also an expectation for foreign funds to continue net selling. The release of Malaysia’s inflation rate is a key focus, and the technology sector may see a pullback following weakness in the Nasdaq.
U.S. markets experienced sharp losses due to uncertainty around the upcoming U.S. presidential election and a mostly flat economic outlook as highlighted by the Fed’s Beige Book. European markets also declined as rising U.S. treasury yields dampened sentiment. However, Asian markets ended mostly positive.
Read more Business News
Atrial fibrillation (AF) is a major stroke risk in Malaysia, often undetected; routine pulse checks…
AMD says its EPYC processors deliver superior rack-scale throughput for agentic AI workloads, enabling enterprises…
CIMB and China CITIC Bank have signed an LOI to enhance China-ASEAN financial connectivity, supporting…
EG Industries is accelerating beyond traditional EMS, leveraging AI networking demand, 1.6T development, network switches…
Sime Darby Property has introduced a RM1.25 billion fund aimed at investing in new economy…
Pos Malaysia has consolidated all its courier offerings under the Pos Laju brand to streamline…
This website uses cookies.