KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
Malaysia’s exports fell 3.5% year-on-year in June, marking the second consecutive month of contraction, as a steep drop in petroleum product shipments offset gains in electronics and agriculture.
June exports:
Totalled RM121.7 billion (~$28.7 billion)
Fell 3.9% month-on-month
Down from -1.1% YoY in May
Key Drivers of Export Decline:
Petroleum products: -28.1% YoY to RM8.38 billion
Shipments to China (Malaysia’s top trade partner): -9.3% YoY to RM14.84 billion
Offsetting Gains:
Electronics & electrical products (over ⅓ of exports): +1.3% YoY to RM53.95 billion
Palm oil & related products: +24.7% YoY to RM6.93 billion
Imports:
Rose 1.2% YoY to RM113.1 billion
Driven by capital and consumption goods
Purchases of intermediate goods declined
Trade Surplus:
RM8.6 billion, down 40.1% YoY
Summary:
June’s trade data highlights weakening global demand, particularly from China, and ongoing pressure on Malaysia’s export-reliant economy. The steep fall in petroleum exports dragged overall performance despite strength in electronics and agriculture.
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