Banks lead, ringgit firm, risk appetite improves
Market snapshot
FBM KLCI rose 1.56% to 1,771.25, its strongest one-day gain in weeks
Broader market positive: FBM Emas +1.22%, Mid 70 +0.47%, Small Cap +0.08%
Market breadth improved materially: 712 gainers vs 516 losers
Turnover picked up to RM4.47bn, signalling renewed institutional participation
FX backdrop
USD/MYR strengthened to 3.952, reinforcing foreign inflow confidence
Ringgit strength continues to anchor banking and domestic-demand names
Key movers
Top gainer (KLCI): CIMB Group Holdings Bhd +3.83%
Other notable gainers:
Sime Darby Bhd +3.72%
Press Metal Aluminium Holdings Bhd +2.91%
Sunway Bhd +2.81%
Public Bank Bhd +2.67%
Top loser (KLCI): Axiata Group Bhd −5.62%, extending YTD underperformance
Most active by value: Malayan Banking Bhd, turnover RM463.7m, +2.26%
Sector read-through
Banks outperformed decisively → rate stability + strong ringgit + earnings visibility
Cyclicals & industrials participated (PMETAL, Sime) on global risk-on tone
Telcos & defensives lagged (Axiata, Nestlé, REITs mixed), consistent with rotation out of yield proxies
Trading takeaways
- Banking momentum is realKLCI’s breakout was bank-led, supported by FX strength and foreign inflows. Near-term leadership likely remains with large-cap banks.
- Ringgit strength = stock support (with sector nuance)Positive for banks and domestics; export-heavy names remain selective trades, not broad buys.
- Liquidity is returningHigher value traded suggests this move has better follow-through potential than recent rebounds.
- Watch 1,780–1,800 on KLCIA successful hold above 1,760 keeps the uptrend intact; failure would signal consolidation, not reversal.

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