KUALA LUMPUR, April 16 (Bernama) -- Bursa Malaysia ended lower today, weighed down by persistent profit-taking amid ongoing concerns over global trade tariffs. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 9.51 points, or 0.64 per cent, to 1,476.92 compared to Tuesday’s close of 1,486.43. The benchmark index opened 0.02 of-a-point higher to 1,486.45 and moved between 1,472.84 and 1,487.50 throughout the day. In the broader market, decliners outpaced gainers 573 to 320, while 434 counters were unchanged, 1,071 untraded, and nine others suspended. Turnover slipped to 3.00 billion units valued at RM1.65 billion from 3.36 billion units valued at RM1.91 billion on Tuesday.
Malaysian equities staged a powerful rebound on Thursday, riding the wave of global relief after US President Donald Trump paused his reciprocal tariffs—except on China. The move restored RM75 billion in market valueon Bursa Malaysia in just one morning.
Market Highlights:
FBM KLCI jumped 4.5% at open, hitting 1,473.36 before pausing at 1,465.00 (+64.41 pts).
All 30 KLCI component stocks traded higher.
CIMB (+9%), Gamuda, Petronas Chemicals, and Nestlé Malaysia each climbed nearly 8%.
FBM ACE Index: +5%
Technology Index: +12%
Energy Index: +7%
Construction Index: +6%
Global Boost:
Malaysia joined a broader Asia-wide rally, with:
Taiwan Taiex and Japan’s Nikkei 225 up ~9%
South Korea’s Kospi surged 6%
Market Commentary:
Danny Wong (Areca Capital):
“Today’s rebound may be a temporary blip... downside risks remain due to unresolved tariff issues.”
Areca manages over RM5 billion in assets.
UOB Kay Hian cautioned of “future Trump tantrums” and lingering challenges like:
Slowing global demand
Margin compression
China sanctions
Valuation discounts
Market Breadth:
Gainers: 989
Losers: 166
Unchanged: 261
Volume: 2.85 billion shares
Value: RM2.14 billion
Ringgit Strengthens:
The ringgit also firmed against the US dollar, reflecting renewed investor confidence.
Malaysia’s stock market roared back to life, boosted by the US tariff pause. But volatility remains a risk, and analysts warn that the euphoria could be short-lived if trade tensions flare again.
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