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...
What Happened:
After a two-month rally, major indexes hit record highs in June: S&P 500, Nasdaq Composite posted new closing records.
Tailwinds:
Historical data suggests July is often strong for stocks.
Potential continued rally if recent patterns hold: 6%-10% additional gains possible after recovering losses, historically.
Risks to Watch:
Trump’s One Big Beautiful Bill Act could shake markets: tax policy shifts and debt ceiling effects on liquidity.
Tariff pause ends July 9: Trade policy uncertainty could pressure sectors sensitive to global supply chains.
Earnings season: Starts mid-July; watch the Magnificent Seven tech stocks. High valuations + disappointing results could trigger correction.
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