Expect significant new tariffs on Chinese imports and moderate levies on goods from other nations , as President-elect Donald Trump rolls out his protectionist agenda. However, with his preference for chaotic policymaking and sudden shifts , there’s uncertainty on how soon these import taxes will actually hit. Dubbed “ Tariff Man ,” Trump aims to use tariffs both strategically and tactically . He’s mentioned taxing all Chinese goods up to 60% and potentially setting 10%-20% tariffs on imports globally , but details on these plans remain vague . Key players within Trump’s team are divided: Robert Lighthizer , a staunch tariff advocate, sees permanent duties as crucial to balance US trade , while others, like billionaires John Paulson and Scott Bessent , view tariffs as temporary leverage. Trump’s previous administration had mixed feelings, especially on national security-related trade limits , which he sometimes dismissed, favoring an “open for business” approach. High-profile busin
Here’s a summary of the key Bursa Malaysia indices and the ringgit performance as of September 30, 2024:
Bursa Malaysia Key Indices
- FBM KLCI: Closed at 1,648.91, down 0.67% with a year-to-date (YTD) change of 13.35%.
- FBM Mid 70: Closed at 17,398.53, down 0.23% with a YTD change of 19.06%.
- FBM Small Cap: Closed at 17,358.53, down 0.19% with a YTD change of 6.15%.
- FBM ACE: Closed at 5,177.28, up 0.37% but with a YTD change of -2.72%.
Bursa Malaysia Trading Volume and Value
- Total Volume: 4.06 billion units.
- Total Value: RM3.22 billion.
- Total Gainers: 488.
- Total Losers: 652.
- Total Unchanged: 492.
Ringgit Performance
- USD/MYR: 4.125 (YTD change: 11.38%).
- SGD/MYR: 3.2214 (YTD change: 7.97%).
Top 10 Movers and Laggards in FBM KLCI
- Top Gainers:
- Genting Bhd: RM4.230 (+2.67%)
- Genting Malaysia Bhd: RM2.420 (+2.54%)
- QL Resources Bhd: RM4.680 (+1.74%)
- Top Losers:
- MISC Bhd: RM7.800 (-3.58%)
- PPB Group Bhd: RM14.460 (-3.47%)
- Hong Leong Financial Group Bhd: RM19.320 (-3.21%)
Top 10 Active Stocks
- Focus Dynamics Group Bhd: 100.23 million shares traded.
- EA Holdings Bhd: 97.81 million shares traded.
- Capital A Bhd: 83.78 million shares traded.
Top 10 Gainers (by Value)
- United Plantations Bhd: RM26.180 (+1.08%)
- Heineken Malaysia Bhd: RM23.360 (+1.13%)
- Guan Chong Bhd: RM3.090 (+6.88%)
Top 10 Losers (by Value)
- Nestlé (Malaysia) Bhd: RM104.000 (-1.00%)
- Hong Leong Financial Group Bhd: RM19.320 (-3.21%)
- PPB Group Bhd: RM14.460 (-3.47%)
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