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Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.

Maybank 4Q Profit Up 5.7%, Declares 33 Sen Dividend as Asset Quality Stays in Focus

Quick Summary 4QFY2025 net profit rose 5.7% YoY to RM2.68b Declared  33 sen dividend FY2025 net profit climbed  4.2% to RM10.51b CET1 ratio improved to  15.1% , signalling strong capital buffer Stronger Quarter Backed by Higher Interest Income Malaysia’s largest lender,  Malayan Banking Bhd  (Maybank) , posted a solid finish to 2025, driven by lower provisions and higher interest income. 4QFY2025 Highlights Net profit:  RM2.68 billion ( +5.7% YoY ) Net interest income:  RM5.8 billion ( +7.6% YoY ) Other operating income:  RM1.5 billion ( -23% YoY ) Dividend declared:   33 sen per share Lower impairment charges helped lift bottom-line growth despite weaker fee and trading income. Full-Year FY2025 Performance Net profit:  RM10.51 billion ( +4.2% YoY ) Net interest income:  RM20.23 billion ( +2.7% YoY ) Non-interest income:  RM10.15 billion ( +2.7% YoY ) Operating expenses:  RM14.84 billion ( +2.6% YoY ) Cost discipline impro...

Risk Sentiment Improves as Trump Delays Tariff Action; Gold Extends Rally

Global markets rallied overnight as President Trump delayed the implementation of reciprocal tariffs , providing time for negotiations.  Gold continued its 2025 rally , gaining  11% year-to-date  amid ongoing geopolitical uncertainties. 🌍 Global Market Recap 🔹  Dow Jones:  +0.77% 🔹  S&P 500:  +1.04% 🔹  Nasdaq:  +1.50% 📌  Nvidia (NVDA):  +3.16% after  HP Enterprise shipped its first Nvidia Blackwell AI system . Earnings set for  Feb 26 . 📌  US 10-Year Treasury Yield:   4.528% (-0.106)  after hitting 4.63% post-CPI data, with markets pricing in a  25-bps Fed rate cut by September . 📌  Gold (Barrick Gold - GOLD.US):   USD 2,958/oz (+11% YTD)  as investors seek  safe-haven assets amid geopolitical risks , including recent  Israel-Hamas ceasefire talks . 🇲🇾 Malaysia Market Overview 🔹  USD/MYR:  4.4555 (-155 pips) as the ringgit strengthened alongside regional ...

Trump’s Tariff Plan Pushes Wall St Higher; FBM KLCI Slips Below 1,600

Wall Street closed higher  after  Trump unveiled a reciprocal tariff plan , boosting tech stocks like Nvidia, Apple, and Tesla. Meanwhile,  Malaysia’s FBM KLCI dropped 0.67%  below the key  1,600-point level  as market caution persisted. 📊 Wall Street Highlights 🔹  S&P 500:  6,115.07 (+1.04%) 🔹  Dow Jones:  44,711.43 (+0.77%) 🔹  Nasdaq Composite:  19,945.46 (+1.50%) 📌  Key Movers: Intel (INTC):  +7%, highest close YTD. Nvidia (NVDA):  Gained as HP Enterprise shipped Nvidia’s Blackwell AI system; earnings on Feb 26. Robinhood (HOOD):  +14% after earnings doubled estimates; revenue surged 115% y-o-y. Tesla (TSLA):  +5% on news of a  $400M State Dept. budget  for armored Cybertrucks. 📌  Tariff Impact:  Trump’s plan aims for  reciprocal tariffs , creating both optimism and caution in global markets. 🇲🇾 Bursa Malaysia Market Insight 🔹  FBM KLCI:  1,592.28 (-0.6...