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Market Daily Report: Bursa Malaysia Ends Higher On Blue-Chip Buying, Tracks Most Regional Markets

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.

US Probes Malaysia Over Alleged Overcapacity in Key Manufacturing Sectors

Market  Snapshot The  United  States  has  opened  a  Section 301  investigation  into  Malaysia ,  focusing  on  alleged  excess  production  capacity  in  electronics,  machinery  and  steel  industries . The  probe,  launched  by  the  Office  of  the  United  States  Trade  Representative ( USTR)   on  March 11 ,  is  part  of  a  broader  effort  by  the  Trump  administration  to  address  trade  imbalances  and  potentially  reinstate  tariffs  on  foreign  imports . Malaysia  is  among  16  economies  under  investigation ,  including  China,  Japan,  India,  Singapore,  Vietnam,  Taiwan  and  the  European  Union ,...