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Market Daily Report: Bursa Malaysia Closes Higher On BNM’s OPR Decision, Wall Street Gains

KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
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Malaysia Tech Faces Headwinds from Proposed U.S. Chip Tariffs

Tariff Shock Looms

CIMB Securities warns that Malaysia’s tech sector could be hit hard by the proposed 100% U.S. tariff on semiconductors. While a pre-tariff demand rush may offer a temporary lift, uncertainty surrounding trade policy could delay key investments and expansions, particularly for firms with high U.S. exposure.

Key Risks
Automated test equipment manufacturers like Greatech Technology and Genetec Technology are most vulnerable due to their heavy reliance on U.S. customers. A steep tariff could erode margins and trigger supply chain rerouting, adding cost and complexity.

More Insulated Players
On the other hand, outsourced semiconductor assembly and test (OSAT) players such as Unisem (M) and Malaysian Pacific Industries (MPI) are better positioned, given their limited direct exposure to U.S. shipments. Their diversified customer base offers a natural hedge.

Top Sector Picks
CIMB maintains a positive outlook on Inari Amertron and Malaysian Pacific Industries, citing stronger fundamentals and better tariff resilience. These names are expected to weather policy shocks more effectively and benefit from structural trends in the semiconductor space.

Takeaway
While near-term sales may rise ahead of the tariff deadline, U.S. protectionist policy adds fresh downside risk for Malaysian tech firms — particularly those deeply tied to American demand. Investors should brace for potential earnings volatility and watch for sector rotation within the chip supply chain.

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