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.
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Nonetheless, it is highly expected that an intermittent correction may emerge anytime soon
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