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Market Daily Report: Bursa Malaysia Ends Higher In Line With Most Regional Markets

KUALA LUMPUR, Sept 20 (Bernama) -- Bursa Malaysia ended higher on Friday in line with most Asian markets, mirroring gains from Wall Street, where investors welcomed the US Federal Reserve's substantial interest rate cut. The FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 3.17 points, or 0.19 per cent, to 1,668.82 at the close from Thursday's close of 1,665.65. It opened 5.03 points higher at 1,670.68, trading between 1,668.48 and 1,674.04 throughout the session. In the broader market, gainers outpaced decliners 732 to 468, while 465 counters were unchanged, 850 untraded and 32 suspended. Turnover swelled to 4.19 billion units worth RM5.97 billion, from Thursday's 3.99 billion units worth RM4.08 billion. UOB Kay Hian Wealth Advisors head of investment research, Mohd Sedek Jantan, noted the FBM KLCI's gains were led by utilities, logistics, and banking stocks, reflecting improved market sentiment. Additiona
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Manufacturing Sector Records RM1.89 Trillion Gross Output Value in 2022 — DOSM

The Department of Statistics Malaysia (DOSM) reported that the manufacturing sector's gross output value surged to RM1.89 trillion in 2022, reflecting a 7.5% annual increase since 2015. This significant growth was primarily driven by the petroleum, chemical, rubber, and plastic products sub-sector, which saw an increase from RM299.1 billion in 2015 to RM579.6 billion in 2022.

Key Takeaways:

  1. Overall Growth:

    • Gross output value in the manufacturing sector grew by 7.5% annually to reach RM1.89 trillion in 2022.
    • The petroleum, chemical, rubber, and plastic products sub-sector was a major contributor, growing to RM579.6 billion.

  2. Sub-Sector Performance:

    • The electrical, electronic, and optical products sub-sector saw a 29.6% share, increasing to RM560.7 billion from RM321.18 billion in 2015.
    • These sub-sectors benefited from heightened global demand for medical supplies and electronic devices during the Covid-19 pandemic.

  3. Manufacturing Establishments:

    • The number of manufacturing establishments rose to 54,505 in 2022, up from 49,101 in 2015.
    • These establishments span 254 industries according to the Malaysian Standard Industrial Classification.

  4. Intermediate Input and Value Added:

    • Intermediate input for the sector grew by 7.6% annually to RM1.48 trillion, influenced by higher local producer prices and global increases in crude oil and commodity prices.
    • The value added for the sector grew 7.1% annually to RM414.9 billion, led by the petroleum, chemical, rubber, and plastic products sub-sector (33.2% share).

  5. Wages and Salaries:

    • Salaries and wages in the sector increased by 5.8% annually to RM97.2 billion, with the average monthly salary being RM3,513 in 2022.
    • The highest average salary was in the electrical, electronic, and optical products sub-sector at RM4,361 per month, while the lowest was in the textiles, wearing apparel, and leather products sub-sector at RM2,249 per month.
    • Skilled workers received the highest average salaries at RM8,068 per month.

  6. Agro-Based Products Manufacturing:

    • In 2022, there were 14,323 establishments involved in agro-based products manufacturing.
    • Food-based products accounted for 57.9% (8,296 establishments), while non-food-based products accounted for 42.1% (6,027 establishments).
    • Gross output for non-food-based products was RM267.2 billion, making up 73.4% of the total output for the agriculture-based industry.

  7. State Contributions:

    • Nearly 70% of the manufacturing sector's gross output was from Selangor (27.3%), Johor (16.7%), Pulau Pinang (16.0%), and Sarawak (9.3%).
    • Selangor, Johor, Pulau Pinang, and Sarawak registered annual growth rates higher than the national level, with Pulau Pinang leading at 10.0%.

The report highlights the robust performance of Malaysia's manufacturing sector despite global challenges, with significant contributions from key sub-sectors and regions.

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