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Market Daily Report: Bursa Malaysia Ends Higher On Positive Sentiment, CI Up 0.83 Pct

KUALA LUMPUR, Nov 6 (Bernama) -- Bursa Malaysia closed higher today, buoyed by supportive local economic policies, positive sentiment from strong technology stocks earnings, and a favourable United States (US) market outlook, an analyst said. Add to that, Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 3.0 per cent is poised to encourage domestic spending and investment. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 13.47 points, or 0.83 per cent, to close at its intraday high of 1,634.17, compared to Tuesday’s close of 1,620.70. The benchmark index opened 3.71 points higher at 1,624.41 and subsequently hit a low of 1,623.52 in early trade before trending upwards toward the closing session. Market breadth was positive, with advancers trumping decliners 849 to 352, while 428 counters were unchanged, 765 untraded, and nine suspended. Turnover expanded to 3.39 billion units
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AmInvestment Projects Palm Oil Price Surge in 2025, Upgrades Plantation Sector to ‘Overweight’


AmInvestment Bank forecasts that palm oil prices will rally in 2025, driven by a tight supply of edible oils and growing biodiesel demand. The research house has upgraded the plantation sector to “overweight”, with expectations that crude palm oil (CPO) prices will average 6.3% higher next year, around RM4,250 per tonne.

Factors contributing to this positive outlook include:

  • Supply shortages of competing oils like rapeseed and sunflower.
  • Biodiesel demand growth and export restrictions in Indonesia.
  • A potential dip in Malaysia’s output following a 2024 bumper harvest and labor shortages due to a foreign worker recruitment freeze.

Currently, CPO prices have risen 33% year-to-date to nearly RM4,000 per tonne, supporting an 9% gain in the Bursa Malaysia Plantation Index. This contrasts with Malaysia’s official projection for CPO prices, expected to be between RM3,500 and RM4,000 in 2025 amid improved weather and labor availability.

Further, EU deforestation regulations set for 2025 may drive demand as importers accelerate purchases. Non-compliance could create a 600,000-tonne gap in the EU market, where smallholders play a significant role in production.

AmInvestment’s top sector pick is Kuala Lumpur Kepong Bhd (KLK) for its young tree profile and robust downstream earnings recovery.

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