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Market Daily Report: Bursa Malaysia's Key Index Ends At Intraday High

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 ...
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Philippine Inflation Cools to 0.9% — Lowest Since 2019, Rate Cuts in Sight

Philippine inflation eased to 0.9% YoY in July, the lowest since October 2019, driven by cheaper utilities and food — setting the stage for potential interest rate cuts by year-end.

Key Figures

  • CPI (July): 0.9% YoY (vs June: 1.4%, Reuters forecast: 1.1%)

  • 7-month avg inflation: 1.7% (Below BSP’s 2.0%–4.0% target)

  • Core inflation: ▲ to 2.3% (from 2.2% in June)

  • Rice prices: ▼15.9% YoY (vs ▼14.3% in June)

 Monetary Policy Outlook

  • BSP rate: 5.25% (2.5-year low)

  • Governor Remolona: Signals 2 more rate cuts likely in 2025

  • Next BSP rate review: Aug 28

  • Commentary: "More accommodative stance remains warranted"

 Risks to Monitor

  • Rising geopolitical tensions

  • External policy uncertainties

  • Impact of previous rate hikes still unfolding

 Key Upcoming Data

  • Q2 GDP (Aug 7): Expected to beat Q1’s 5.4%

  • Full-year growth forecast: Revised down to 5.5–6.5% (from 6–8%)

Takeaway
The sharp deceleration in inflation gives BSP room to pivot toward easing without risking macro stability. With rice prices on a downtrend and core inflation still within control, the stage is set for a dovish tilt — provided external shocks stay contained. Eyes now turn to GDP and the Aug 28 policy meeting.

Risks Ahead

  • Sticky core inflation in the coming months

  • Volatile external food and oil prices

  • Geopolitical ripple effects from global trade conflicts

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