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Market Daily Report: Bursa Malaysia Ends Higher On US-Iran Peace Talk Optimism

KUALA LUMPUR, April 14 (Bernama) -- Bursa Malaysia ended Tuesday’s trading session higher, in line with gains across regional markets, as sentiment improved on expectations of potential peace talks between the United States (US) and Iran. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 7.60 points, or 0.45 per cent, to 1,688.12 from Monday’s close of 1,680.52. The benchmark index opened 10.44 points higher at 1,690.96 moved between 1,686.06 and 1,694.16 throughout the day.   In the broader market, gainers outpaced losers 663 to 455, while 537 counters were unchanged, 1,061 untraded and 12 suspended. Turnover eased to 2.85 billion units worth RM2.67 billion from Monday’s 2.94 billion units worth RM2.64 billion.
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Bursa Malaysia Slips as Energy Gains Offset Banking Weakness


Malaysia’s stock market closed lower on April 13, with the FBM KLCI falling 0.64% to 1,680.52, as gains in energy counters were offset by weakness in financial and consumer stocks.

Broad Market Weakness Despite Active Trading

The broader market showed negative breadth, reflecting cautious sentiment:

  • Losers: 760 vs Gainers: 402
  • Total trading value: RM2.64 billion
  • Volume: 2.94 billion shares

This indicates risk-off positioning, in line with global uncertainty driven by rising oil prices and geopolitical tensions.

Energy Stocks Lead Gains

Energy-linked counters outperformed, supported by higher crude prices:

  • PETRONAS Chemicals Group Bhd +3.44%
  • PETRONAS Dagangan Bhd +2.40%
  • MISC Bhd +1.20%
  • PETRONAS Gas Bhd +1.10%

The rally reflects stronger earnings outlooks tied to elevated oil prices.

Financials and Consumer Stocks Drag

On the downside, key laggards included:

  • Hong Leong Bank Bhd -1.72%
  • CIMB Group Holdings Bhd -1.73%
  • AMMB Holdings Bhd -2.12%
  • 99 Speed Mart Retail Holdings Bhd -3.23%

Weakness in banks suggests profit-taking and concerns over economic slowdown.

Top Actives Highlight Retail Interest

Trading activity was concentrated in smaller-cap and retail-driven names:

  • MMAG Holdings Bhd led volume
  • Top Glove Corp Bhd saw active trading
  • Bumi Armada Bhd gained traction

This reflects continued speculative interest amid volatile conditions.

Currency Trends: Ringgit Weakens

The Malaysian ringgit softened:

  • USD/MYR: 3.9765 (+2.10% YTD)
  • SGD/MYR: 3.1165 (+1.29% YTD)

A weaker currency adds to imported inflation pressures, especially with rising energy costs.

Market Outlook: Oil Support vs Growth Risks

The market is currently balancing:

  • Positive impact from higher oil prices (energy sector support)
  • Negative impact from global growth concerns and inflation

This divergence is driving sector rotation, with investors favouring commodities over financials and consumer stocks.

Investor Takeaways

  • FBM KLCI fell 0.64%, reflecting cautious market sentiment.
  • Energy stocks outperformed, benefiting from higher oil prices.
  • Banking and consumer sectors declined, signaling growth concerns.
  • Market breadth remains weak, indicating broad selling pressure.
  • The outlook depends on oil price trends and global macro stability.
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