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Market Daily Report: Bursa Malaysia Ends At Intraday High, Breaks 1,500 Key Level

KUALA LUMPUR, April 23 (Bernama) -- Bursa Malaysia rebounded from yesterday’s downbeat performance to end at its intraday high today, driven by bargain hunting, particularly in technology, energy, construction, and consumer stocks. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 14.94 points or 1.01 per cent to 1,501.19 from Tuesday’s close of 1,486.25. The benchmark index opened 11.11 points higher at 1,497.36 and hit a low of 1,493.26 in the mid-afternoon session before climbing steadily upwards towards closing. Market breadth was positive, with advancers thumping decliners 717 to 264, while 403 counters were unchanged, 1,021 untraded, and 11 suspended. Turnover slipped to 2.99 billion units valued at RM2.08 billion against Tuesday’s 3.43 billion units valued at RM1.66 billion.   
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Gold Surges Over 1% as Trump Escalates China Tariffs

Gold prices jumped more than 1% on Thursday as investors rushed to safe-haven assets after US President Donald Trump raised tariffs on Chinese imports to 125%, intensifying trade war fears — even as a 90-day pause was granted to other countries.

Key Highlights:

  • Spot gold: Up 1.2% to US$3,119.18/oz

  • US gold futures: Gained 1.8% to US$3,135.50/oz

  • Gold hit its best day since Oct 2023 in the previous session

  • Silver: +0.2% to US$31.08/oz

  • Platinum: -0.5% to US$932.81/oz

  • Palladium: -1.2% to US$922.72/oz

What’s Driving the Surge?

  • Trump’s move to hike China tariffs further inflamed global trade tensions.

  • Gold, seen as a hedge against inflation and economic uncertainty, has become a top pick in times of instability.

  • Analysts forecast further gains:

“We do see US$3,200 possibly by month-end,” said Edward Meir of Marex.

📊 Supporting Factors:

  • Fed’s dovish outlook amid signs of persistent inflation

  • Expectations of rate cuts later this year

  • Ongoing geopolitical tensions (Middle East, Ukraine)

  • Strong central bank buying

  • Increased investment in gold ETFs

What to Watch:

  • US Consumer Price Index (CPI) data due later today

  • Producer Price Index (PPI) set for release on Friday

  • Market will closely monitor how inflation data may shift Fed rate expectations.


As Trump escalates the trade war with China, investors are turning to gold in search of stability. With inflation risks and potential Fed cuts ahead, analysts see room for more upside in bullion prices.

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