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...
Market Overview:
With the July 9 tariff deadline approaching, uncertainty remains high. Partial deals may be announced, but many will leave key issues unresolved. Countries without deals risk higher tariffs, impacting sectors like semiconductors, autos, industrials, and pharmaceuticals. Mixed signals from the White House continue to fuel volatility.
Sector Impact & Investment Implications:
Export-Heavy Sectors: Expect short-term volatility. Firms with weak pricing power or heavy foreign exposure could see margin pressures.
Defensive & Domestic Plays: Utilities, consumer staples, and selective REITs could outperform as investors seek stability.
Safe-Haven Assets: Gold, USD, and defense-related names may see steady inflows during uncertainty.
Money Master Insight:
Maintain a neutral-to-cautious stance on trade-sensitive sectors. Prioritize companies with flexible supply chains.
Look to accumulate quality names on dips post-deadline. Focus on firms with strong balance sheets and resilient domestic demand.
Stay alert for volatility around July 9. Use market pullbacks to reposition into fundamentally strong counters.
Comments
Post a Comment