KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day. The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
Global markets rallied overnight as President Trump delayed the implementation of reciprocal tariffs, providing time for negotiations. Gold continued its 2025 rally, gaining 11% year-to-date amid ongoing geopolitical uncertainties.
🌍 Global Market Recap
🔹 Dow Jones: +0.77%
🔹 S&P 500: +1.04%
🔹 Nasdaq: +1.50%
📌 Nvidia (NVDA): +3.16% after HP Enterprise shipped its first Nvidia Blackwell AI system. Earnings set for Feb 26.
📌 US 10-Year Treasury Yield: 4.528% (-0.106) after hitting 4.63% post-CPI data, with markets pricing in a 25-bps Fed rate cut by September.
📌 Gold (Barrick Gold - GOLD.US): USD 2,958/oz (+11% YTD) as investors seek safe-haven assets amid geopolitical risks, including recent Israel-Hamas ceasefire talks.
🇲🇾 Malaysia Market Overview
🔹 USD/MYR: 4.4555 (-155 pips) as the ringgit strengthened alongside regional peers like the Chinese yuan.
🔹 FBM KLCI: 1,592.28 (-10.77 points) with a total trading volume of MYR 2.22 billion.
📊 Sectoral Performance & Foreign Equity Flow
🔹 Foreign equity flow: Net outflows, reflecting cautious sentiment.
🔹 Sectoral Highlights:
✔️ Financials and utilities saw marginal gains.
✔️ Technology and industrials remained under pressure despite global market optimism.
📌 Stock Focus: CAPITALA (5099.MY)
🔹 Capital A (formerly AirAsia): +4.17% to RM0.875 with 20.2M shares traded.
🔹 P/E Ratio: 8.45, reflecting a potentially undervalued stock amid recovery in airline operations and cargo services.
📌 Target Price: Analysts see potential upside, driven by the reopening of international travel routes and cost management initiatives.
🔍 What’s Next?
✔️ Market to monitor US tariff negotiations, Fed rate cut speculations, and global geopolitical developments.
✔️ Malaysia’s market focus on foreign inflows, currency strength, and corporate earnings in Q1 2025.
📌 Risk sentiment is improving, but investors remain cautious as key global events unfold.
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