KUALA LUMPUR, July 31 (Bernama) -- Bursa Malaysia ended higher on Friday as investors continued to accumulate blue-chip stocks in line with stronger performances across most regional markets. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.50 points to 1,724.90 from yesterday’s close of 1,720.40. The benchmark index opened 0.83 of a point higher at 1,721.23, and moved between 1,715.67 and 1,730.12 throughout the day. The broader market was positive with gainers outpacing losers 707 to 402, while 547 counters were unchanged, 1,085 untraded and 56 suspended. Turnover expanded to 3.03 billion units valued at RM3.56 billion from 2.49 billion units valued at RM2.25 billion on Thursday.
The S&P 500 and Nasdaq Composite opened at fresh record highs Monday after the US and European Union struck a trade pact slashing tariffs, setting a bullish tone for a week filled with megacap earnings, a Fed meeting, and a looming tariff deadline. S&P 500: +0.08% Nasdaq Composite: +0.28% Dow Jones: -0.10% at 44,855.92, roughly 215 points from its record. Trade Deal Boosts Confidence President Donald Trump and European Commission President Ursula von der Leyen agreed to cut EU import tariffs to 15% , half the initially threatened 30%. The move follows a series of deals with Japan, Indonesia, and the Philippines last week, fueling hopes that a global trade war may be avoided. Markets Brace for Key Earnings & Fed Meeting The rally faces a critical test as Meta, Microsoft, Amazon, and Apple —four of the “Magnificent Seven”—report earnings this week. Alphabet recently sparked AI optimism with a major capex boost. Tesla edged ...