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Market Daily Report: Bursa Malaysia Ends Lower as Investors Eye US Data, BOJ Decision

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...
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Malaysia Morning Wrap | FBM KLCI Edges Higher, MPs Praise Malaysia’s ASEAN Leadership Success

 Malaysia’s benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) closed higher on Monday, supported by optimism surrounding the ASEAN Summit and improved regional sentiment. The index gained 5.11 points (+0.32%) to finish at 1,618.38, with trading volume rising to 3.44 billion units worth RM2.91 billion. Market breadth was balanced, with 543 gainers and 543 losers.

Positive sentiment came as investors digested encouraging developments from the ongoing ASEAN Summit, which reinforced confidence in Malaysia’s leadership role in the region.

  • Top Gainer: SDG (5285.MY) — RM5.40 (+2.86%)

  • Top Loser: 99SMART (5326.MY) — RM3.11 (–2.81%)

  • USD/MYR: 4.21 (–0.31%)

Wall Street Recap

Major US indices hit fresh record highs on Monday amid renewed optimism over US-China trade talks. Presidents Donald Trump and Xi Jinping are expected to meet during a South Korean economic summit this week, raising hopes for easing trade tensions.

  • S&P 500 Index: 6,875.16 (+1.23%)

  • Dow Jones Industrial Average: 47,544.59 (+0.71%)

  • Nasdaq Composite Index: 23,678.46 (+1.86%)

Reports that China may resume purchasing US soybeans and that TikTok’s US operations could be sold to a consortium including Oracle, Andreessen Horowitz, and Silver Lake further buoyed sentiment.

Malaysia Headlines

MPs Praise Malaysia’s ASEAN Leadership

Members of Parliament across political parties have lauded Malaysia’s success as ASEAN Chair, highlighting its achievements in fostering regional unity and diplomacy.
Key milestones cited include:

  • Timor-Leste’s admission as ASEAN’s 11th member.

  • Malaysia’s principled stance on regional disputes and the Gaza conflict.

  • The signing of the KL Peace Accord between Thailand and Cambodia.

Lawmakers said Malaysia’s leadership has elevated the nation’s regional standing and strengthened ASEAN’s collective voice in global affairs.

Stocks to Watch

  • KNM (7164.MY) — To sell its German subsidiary Deutsche KNM GmbH for €270 million (RM1.34 billion) as part of a financial restructuring plan. The firm will withdraw its appeal against delisting from Bursa Malaysia, scheduled for Nov 5, 2025.

  • TENAGA (5347.MY) — The Inland Revenue Board (IRB) has appealed a High Court decision that set aside RM78.5 million in additional tax assessments against subsidiary Southern Power Generation.

  • MULPHA (3905.MY) — Completed the sale of its 33% stake in the London Marriott Hotel for £33.8 million (RM190.3 million), generating a net gain of RM105.3 million.

  • DXN (5318.MY) — Exploring a new coffee-processing plant in Brazil to support its Latin American operations, which account for about 60% of group revenue.

  • MGB (7595.MY) — Secured a RM118.5 million contract from UDA Accord Development to build affordable apartments in Kuala Lumpur, with completion expected by May 2028.

  • AWC (7579.MY) — Won an RM82.46 million contract for facilities management of government buildings from Jan 2026 to Dec 2030.

  • OCK (0172.MY) — Expanded its sukuk murabahah programme to RM1 billion to fund 5G and solar projects.

  • BDB (6173.MY) — Appointed Che Abdul Khalid Md Din as Group CEO, effective Nov 1, succeeding YM Raja Shahreen Raja Othman.

  • SYSTECH (0050.MY) — Ex-managing director Datuk Hooi Jia Hao ceased to be a substantial shareholder after selling a 3.955% stake.

  • KENERGY (0307.MY) — The Ministry of Finance’s SPV increased its stake to 5.034%, becoming a substantial shareholder in the renewable energy company.

Summary

Investor optimism from the ASEAN Summit and improving global trade sentiment lifted Malaysian equities on Monday. Meanwhile, Malaysia’s strong performance as ASEAN Chair drew bipartisan praise in Parliament, reinforcing confidence in the nation’s leadership role.

All eyes remain on upcoming global earnings and policy developments that could influence regional market momentum.

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