KUALA LUMPUR, July 30 (Bernama) -- Bursa Malaysia's key index closed at an intraday high today, supported by continued buying interest even as renewed geopolitical tensions and a weaker overnight lead from Wall Street following the US Federal Reserve's (Fed) decision to stand pat on interest rates weighed on broader sentiment. The Fed has decided to hold rates steady for the fifth consecutive meeting, with the Federal Funds Rate unchanged between 3.50 per cent and 3.75 per cent. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.84 points to 1,720.40 from yesterday’s close of 1,715.56. The benchmark index, which opened 1.14 points lower at 1,714.42, hit its lowest level of 1,710.69 in early trade before gaining momentum for the rest of the day. However, the broader market was negative with losers outpacing gainers 581 to 411, while 612 counters were unchanged, 1,173 untraded, and 87 suspended. Turnover declined to 2.49 billion units valued at RM2.25 billion from ...
Malaysia Eyes AI Dominance by 2030
The government unveiled a bold National AI Action Plan (2026–2030) aiming to crown Malaysia as Southeast Asia’s AI hub.
🔹 800,000 Malaysians to be trained under “AI for My Future” (w/ Microsoft)
🔹 445,000 civil servants to be upskilled through AI@Work (w/ Google)
🔹 Upcoming AI legislation to balance innovation with governance
Why it matters: Malaysia is going big on digital, and this sets the tone for AI infrastructure, talent, and investment in the years ahead.
2. BNM to Hold Rates Until Mid-2026
CIMB analysts expect the OPR to remain at 2.75% through 1H 2026 after July's surprise rate cut.
BNM is playing it safe amid global uncertainty and looming U.S. tariffs.
USD/MYR: 4.2355 (-0.25%)
3. SUNCON Under Probe – But No Red Flags
MACC is investigating a SUNCON staff over subcontractor-related graft.
Company clarifies it’s unrelated to procurement & has no financial impact.
“We are fully cooperating.”
4. Top Stocks to Watch Today
- AHEALTH – 8-month high! Founding family may exit.
- CLMT – Strong rental reversion, up 10.8%, but wary of SST & tariff hikes
- UTDPLT – Q2 profit +34% YoY; warns of export slowdown
- ANEKA – Bags RM72.3M piling job for data centre in Selangor
- PLINTAS & GPACKET – New CEOs step in
- CMSB – Awards RM673M project to Sinoma for new clinker line
5. Bursa Snapshot
KLCI: 1,524.59 (-0.08%)
Top Gainer: PMETAL RM5.31 (+3.51%)
Top Loser: SUNWAY RM4.89 (-3.36%)
Trading Vol: 3.5B shares | RM2.7B value
Market Mood: Bearish, decliners lead 607 vs 342
Keep your eyes on AI development, macro policy signals, and corporate leadership shifts—Malaysia’s market pulse is full of moving pieces.
Comments
Post a Comment