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...
Manufactured Products Price Index (MPPI)
YoY: +1.6% in July (vs -0.1% in June)
Oil index: -13.2%
Non-oil index: +4.4%, supported by machinery & transport equipment
MoM: -0.9% (vs -0.8% in June)
Oil index: +1.5%
Non-oil index: -1.3%
Takeaway: While oil-related prices fell sharply, non-oil manufacturing (machinery, transport equipment)provided resilience, driving overall annual growth.
Domestic Supply Price Index (DSPI)
YoY: -2.4% in July (vs -3.7% in June)
Oil index: -17.0%
Non-oil index: +3.5%, lifted by machinery & transport equipment
MoM: -0.5% (vs +0.3% in June)
Oil index: +1.4%
Non-oil index: -1.1%
Takeaway: Oil price volatility continues to drag the DSPI lower, while non-oil supply prices remain firm.
Market Context
The FTSE Straits Times Index (STI) gained 0.45% on Friday, suggesting that investors largely shrugged off the weakness in oil-related indices, focusing instead on Singapore’s resilient non-oil and machinery-driven growth.
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