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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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Japan's Nikkei Rises 2% Following Wall Street Rally, BOJ Decision Anticipated

Japan's Nikkei share average surged over 2% in early trading on Friday, buoyed by overnight gains on Wall Street and a weaker yen, while investors await the Bank of Japan's (BOJ) policy decision later in the day.

As of 0156 GMT, the Nikkei was up 2.05% at 37,915.87, with tech stocks leading the charge. Tokyo Electron, a major player in chip-making equipment, soared 5.8%, mirroring the chip sector rally in the US.

A weaker yen also boosted Japanese equities, benefiting heavyweight exporters like Toyota Motor, which rose 1.5%, and Honda, which jumped 2.8%. The Topix index gained 1.49%.

The rally followed US stock indexes reaching record highs on Thursday after the Federal Reserve's interest rate cut, signaling confidence in the US economy and inflation control.

While the BOJ is expected to maintain steady monetary policy, investors are closely watching for any signals regarding potential rate hikes. The yen was trading at 142.38 per dollar, easing from its recent high of 139.58.

BOJ Governor Kazuo Ueda will brief the media after the market closes, with investors exercising caution ahead of Japan's national holiday on Monday.

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