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Market Daily Report: Bursa Malaysia Ends Lower as Investors Eye US Data, BOJ Decision

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...
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Tech Stocks Drive Record Rally — But How Long Can the Boom Last?

Market Overview:

After months of volatility and macro uncertainty, the S&P 500 and Nasdaq have surged to record highs. Tech giants, known as the Magnificent Seven — Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta, and Tesla — have fueled the rally, adding over $4.7 trillion in market cap since April lows.



Sector Breakdown:

  • Tech & Communication Services: Up 41% and 28% respectively since April.

  • Cyclical Strength: Industrials (+27%), Financials (+19%), and Materials (+19%) also contributed, suggesting parts of the rally are broad-based.

Market Breadth Mixed:

  • NYSE Advance-Decline line hit new highs, suggesting positive breadth.

  • Only 50% of S&P 500 stocks trade above their 200-day moving averages — traditionally healthy markets show 65%-80%.

  • Equal-weight S&P 500 rose 18.7% vs. 24% for market-cap weighted, indicating concentrated gains.

Macro Tailwinds:

  • Fed rate cuts expected by year-end could boost rate-sensitive sectors.

  • Easing trade tensions after new US trade deals with China and UK support market optimism.

  • Middle East tensions cool slightly, reducing geopolitical risk premium.

Money Master Take:

  • Don’t ignore signs of concentrated leadership — a truly healthy bull market typically broadens.

  • Use gains in tech to rebalance into lagging sectors with rate cut potential upside.

  • Watch upcoming earnings, particularly from mega-cap tech, to gauge whether this rally has legs or risks a pullback later this year.

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