Malaysia Weekly Market Recap (March 3 - 7, 2025): Market Sentiment Remains Cautious Amid Global Concerns
Bursa Malaysia closed the week on a cautious note, continuing its downward trend due to weaker regional market sentiment. The sell-off was largely driven by growing fears of a global trade war, which has raised concerns about the potential impact on the global economy and investor appetite for equities.
Key Events:
- Nation Gate Bhd (KL: NATGATE): The stock closed at limit-down levels, amid news of an ongoing investigation by Singapore authorities into the company’s server shipments. This investigation raised concerns over its operational transparency.
Other Notable Updates:
Capital A (KL: CAPITALA): Gained approval from Bursa Malaysia for its proposed regularisation plan, which is a crucial step towards lifting its Practice Note 17 (PN17) status, signaling progress towards financial stability.
UEM Edgenta (KL: UEMS): Secured a three-year extension to its concession agreement with the government to provide essential hospital support services at hospitals across Perak, Penang, Kedah, and Perlis.
Oppstar Bhd (KL: OPPSTAR) & KeyAsic Bhd (KL: KEYASIC): Both companies saw strong stock performance following Malaysia’s partnership with Arm Holdings, which resulted in a US$250 million (RM1.1 billion) deal over 10 years. The partnership focuses on semiconductor-related licenses and know-how, strengthening the country’s position in the tech space.
Sector Performance:
Top Winners:
- REIT: +0.62%
- Healthcare: -0.11%
Top Losers:
- Energy: -5.18%
- Technology: -4.41%
- Utilities: -1.24%
- Construction: -0.51%
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