Malaysia’s Fiscal Deficit Narrows 12% to RM47 Billion in 7M 2025
The FBM KLCI rose 0.42% on Tuesday, extending its rebound from last week’s pullback as bargain hunting lifted sentiment, though gains moderated after an early high. Technology (+1.08%) and Industrial Products (+1.07%) led sectoral advances, while Construction (-2.02%) and Property (-1.20%) weighed on the broader market.
Globally, Wall Street retreated with the Dow (-0.34%), S&P 500 (-0.84%) and Nasdaq (-1.43%) as investors trimmed exposure to tech heavyweights, led by Nvidia amid reports of cooling ties with OpenAI. European equities edged higher, while Asian markets rallied, driven by strong gains in KOSPI (+6.84%) and Nikkei 225 (+3.92%) on AI optimism.
Looking ahead, caution prevails amid US fiscal uncertainty and anticipation of earnings from Amazon and Alphabet. Locally, sentiment remains constructive, with the FBM KLCI expected to consolidate within 1,730–1,760. Consumer and banking sectors are favoured, supported by ringgit strength, tourism prospects, and resilient dividend yields.
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