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Market Daily Report: Bursa Malaysia Ends On Softer Note Amid Profit-taking

KUALA LUMPUR, June 22 (Bernama) -- Bursa Malaysia ended on a softer note today as investors engaged in profit-taking following the recent rebound in the local market, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined by 0.65 per cent, or 11.19 points, to 1,700.84 from last Friday's close of 1,712.03. The benchmark index opened 1.56 points lower at 1,710.47 and moved between 1,699.94 and 1,712.32 throughout the trading session. Market breadth was negative, with decliners outnumbering gainers 560 to 481.  A total of 608 counters were unchanged, 1,649 untraded, and 14 suspended. Turnover slipped to 3.29 billion units worth RM2.40 billion from 3.45 billion units worth RM3.79 billion on Friday.
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Malaysia Secures RM20 Billion in Investments from US & Europe, Strengthens BRICS Ties

 

Malaysia’s Position as a Top Investment Hub

Malaysia continues to attract significant foreign investments, with nearly RM20 billion in commitments identified from the US and Europe, according to the Investment, Trade, and Industry Ministry (MITI). Leading global corporations, including Intel, Amazon Web Services, Oracle, Google, and Plexus, are expanding their investments, solidifying Malaysia’s status as a prime business destination for over 600 US companies.

Balancing US-Europe Trade with BRICS Membership

  • Malaysia officially joined BRICS on Jan 1, 2025, but maintains strong ties with traditional partners in the US and Europe.
  • BRICS offers Malaysia new trade opportunities, particularly with non-FTA countries such as Russia, Brazil, South Africa, and India.
  • The move is expected to broaden market access, enhance trade relations, and strengthen Malaysia’s global economic position.

Trade Growth with US & Europe

  • Trade with the US surged 30% in 2024 to RM325 billion, up from RM250 billion in 2023.
  • Malaysia-Europe trade increased 4%, reaching RM263 billion.
  • BRICS, with a combined GDP of nearly US$30 trillion, presents major economic potential for Malaysia’s international trade strategy.

Summary:

  • Malaysia remains a key investment hub, securing RM20 billion in commitments from the US and Europe.
  • Joining BRICS unlocks trade opportunities while maintaining traditional partnerships.
  • US trade grew by 30%, and European trade by 4%, solidifying Malaysia’s economic growth trajectory.


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