Malaysia’s Fiscal Deficit Narrows 12% to RM47 Billion in 7M 2025
Profit-taking pressure weighed on Bursa Malaysia, with the FBM KLCI slipping 0.28% to 1,683.42 despite a firm global backdrop. Selling in heavyweight financial and utility counters offset broader market strength, although overall sentiment remained constructive, reflected in a positive advance-decline ratio.
Sectoral performance was mixed, with technology, construction and consumer stocks leading gains, while utilities, plantations and logistics lagged.
The pullback follows the previous session’s rally, suggesting near-term consolidation as investors lock in profits.
Globally, optimism continued to support equities. Wall Street extended its rally, with the S&P 500 and Nasdaq reaching fresh record highs, underpinned by hopes of a potential US-Iran peace deal. Asian markets also advanced, tracking improved risk appetite.
Looking ahead, the domestic market is expected to remain headline-driven amid ongoing geopolitical developments. While elevated commodity prices support energy-related counters, downside risks may emerge should diplomatic progress accelerate before the ceasefire deadline.
Read More News on Latest Malaysia
Read More News on Business News Malaysia
Read More News on SG Business News
Read More News on World Future TV
Strong fundamentals support resilience in the banking sector.
Structured transitions help ensure long-term stability.
Analysts see upside for Greatech as record orders, data centre demand and improving execution support…
Mitrajaya’s earnings outlook remains positive, supported by stronger revenue recognition, data centre projects and steady…
Improving US-Iran negotiations and easing oil prices lifted global sentiment, while investors stayed cautious ahead…
Vietnam's General Secretary To Lam will visit Thailand, Singapore, and the Philippines from May 27…
This website uses cookies.