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...
Key Market Highlights
- Wall Street: S&P 500 +0.23%, Nasdaq +0.80%, Dow +0.34%U.S. equities extended gains for a third straight session, supported by renewed U.S.–China trade optimism and expectations of a Fed rate cut.
Nvidia (NVDA.US): +4.96% → US$201.03 (record high) after CEO Jensen Huang unveiled new AI partnerships and guided for US$500 billion cumulative chip revenue by 2026. Stock rose further +1.7% after hours.
Apple, Microsoft, Alphabet: Tech rally broadened; $MSFT$ climbed on OpenAI stake expansion, $AAPL$ touched new highs on iPhone 17 demand.
Fed Watch: Market expects a 25 bps rate cut (to 3.75–4.00%) at Wednesday’s FOMC.
Bursa Malaysia Overview
- FBM KLCI: 1,613.56 (−0.30%)Market tracked regional weakness on profit-taking ahead of the Fed decision.Breadth: 751 losers vs 331 gainers; Volume: 3.86 bn shares worth RM 3.03 bn.
| Indicator | Movement |
|---|---|
| USD/MYR | +0.06% to 4.2006 |
| Top Gainer | YTLPOWR +1.56% RM 3.90 |
| Top Loser | QL −2.10% RM 4.20 |
Corporate Highlights
Nestlé (M) Bhd (4707.MY)
Net profit: +34% YoY → RM 114.0 m (Q3 FY25)
Revenue: +22% → RM 1.76 b, driven by strong domestic & export sales
Dividend: 60 sen interim, payable 10 Dec 2025
Takeaway: Solid consumer spending and cost efficiency underpin continued earnings resilience.
Sunway REIT (5176.MY)
To divest Sunway Hotel Seberang Jaya (RM 60 m) to parent $SUNWAY$, proceeds reinvested in new hotel atop Sunway Carnival Mall.
Move signals asset recycling toward higher-yield tourism assets.
Bursa Malaysia Bhd (1818.MY)
Adopting new regulatory fee structure from FY26; annual RM 28 m fixed + 37.5% derivative levy (capped RM 35 m → RM 45 m by 2028).
CGS International: ‘Add’ rating; TP RM 9.39, citing earnings uplift from fee revision & trading volume growth.
EPF Update:
RM 14.13 b voluntary top-ups (Jan–Aug 2025) from 1.12 m members; i-Saraan contributions +74% YoY to RM 2.8 b, reflecting rising retirement-savings awareness.
Other Notable Movers
Yinson (7293.MY): Secured New Zealand investment approval for renewables.
Mah Sing (8583.MY): Seeking new data-centre partners after Bridge DC talks lapsed.
Dufu Tech (7233.MY): Returned to profit (RM 10.5 m vs loss RM 3.2 m YoY).
LPI (8621.MY): Net profit −7.4% YoY → RM 114.8 m amid higher costs.
Kitacon (5310.MY): Won RM 86.6 m contract for The Mines Resort City project.
Investor Outlook
Global: AI optimism and potential Fed cut keep risk sentiment constructive.
Local: Short-term consolidation likely ahead of Fed decision; mid-term bias remains positive given strong earnings momentum (Nestlé, YTL Group).
Stocks to Watch: NESTLE, SUNREIT, YTLPOWR, BURSA, DUFU.
Comments
Post a Comment