Bursa Malaysia ended the morning session lower on Tuesday, in tandem with the weaker regional performance due to a broad sell-off on Wall Street overnight, said an analyst.

Bursa ends morning session lower along with regional peers

Stocks on Bursa Malaysia ticked higher and kept the FBM KLCI on course for its best close since early June 2022.

At the midday break on Friday, the benchmark index had gained 0.06% or 0.99 point to 1,546.48. The index earlier rose to a high of 1,551.15.

KLCI on course for best close since early June 2022

Stocks on Bursa Malaysia were mixed at midday on Thursday, resulting in the FBM KLCI extending its downtrend to remain lower at noon close.

At 12.30pm, the benchmark index ended the morning trading session 7.18 points or 0.46% lower at 1,545.22. It opened lower at 1,550.71.

KLCI remains lower at midday

After recording a 20-month high on Tuesday, stocks on Bursa Malaysia took a breather and the benchmark FBM KLCI ended Wednesday’s morning trading session slightly lower, with all sectors mostly in the red ahead of the Federal Open Market Committee (FOMC) meeting minutes for the first monetary policy meeting of 2024 later in the night.

Bursa stocks take a breather as most sectors fall into the red

The FBM KLCI charted a fresh 20-month high at midday on Tuesday while Malaysian energy shares surged and plantation stocks also rose.

At 12.30pm, the country's benchmark index gained 0.52% or 8.04 points to 1,546.65, its highest since June 3, 2022.

KLCI extends gain to fresh 20-month high, energy stocks surge

The FBM KLCI hovered at its highest since mid-2022 at Monday's midday break, having see-sawed during the morning session, against the backdrop of slower-than-expected economic growth in the fourth quarter of 2023.

KLCI hovering at highest level since mid-2022 in choppy trade

Bursa Malaysia maintained its upbeat momentum to close the morning session higher in sync with the regional market performance. 

At lunch break, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 9.05 points to 1,445.54 from Wednesday’s close of 1,436.49.

Bursa remains higher at midday, in sync with regional peers

Bursa Malaysia ended the morning trading session on a positive note as buying of selected heavyweights, led by Petronas Chemicals Group Bhd, Press Metal Aluminium Holdings Bhd and Public Bank Bhd, continued to support its key index, a dealer said.

Bursa higher at lunch break

KUALA LUMPUR (Sept 14): The FBM KLCI opened lower on Wednesday (Sept 14) following overnight losses on Wall Street, which occurred due to an unexpected uptick in the US’ August inflation figures. The benchmark index remained in negative territory throughout the morning session.

KLCI down 0.84%, tracks regional stumble on overnight Wall St plunge

Bursa Malaysia ended the morning trading session mixed, with the benchmark index rising slightly by 0.16% amid peaking buying interest in plantation-related stocks.

Bursa mixed at midday, KLCI up 2.22 points

Bursa Malaysia remained lower at midday today on lack of positive catalysts to fuel the market.

At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) shed 14.11 points to 1,577.21 from Tuesday’s close of 1,591.32.

Bursa Malaysia lower at midday

Bursa Malaysia remained mixed at midday today, with the key index in negative territory amid lack of buying momentum in selected heavyweights.

Bursa Malaysia mixed at midday

The key index pared earlier gains but remained in positive territory at the midday break on the back of cautious sentiment in the broader market. 

At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) added 4.5 points to 1,587.02 from last Wednesday's close of 1,582.52.

FBM KLCI pares gains but remains positive amid cautious sentiment

Bursa Malaysia ended the morning trading session easier, driven by persistent selling in selected heavyweights amid mixed sentiment in the regional markets, dealers said.

Bursa Malaysia ends morning session easier

Malaysian businesses are growing faster than most finance teams can effectively track.

The cost of growth: Why businesses are losing visibility of their own spending

Budget 2027: What does it mean for my wallet?

Budget 2027: What changes for my business?

US consumer sentiment slumped further in early October as the rising cost of living because of the Middle East conflict soured households' views of the economy, more bad news for President Donald Trump ahead of the Nov 3 midterm elections.

US consumer sentiment near record low as frustration over economy mounts

Tax experts said measures proposed under Budget 2027 provide targeted relief to the middle-income segment and micro, small and medium enterprises (MSMEs) but may increase the tax load on individuals earning above RM1 million.

Tax experts see targeted relief for middle-income taxpayers in Budget 2027

Malaysia’s government-linked investment companies see a boost to Bumiputera wealth, better workers’ livelihoods and capital mobilisation from Budget 2027.

Govt investment companies expect wealth creation from Budget 2027

After four years of asking Malaysians to endure subsidy rationalisation and other painful reforms, Prime Minister Datuk Seri Anwar Ibrahim is now loosening the government’s purse strings as his administration nears the end of the term.

After years of fiscal consolidation, Anwar loosens purse strings with Budget 2027

Budget 2027: The big picture

A brief recap of some business news and corporate annoucements that made the headlines on Friday.

Genting, IOI Properties, PMB Technology, Press Metal, Unisem, EP Manufacturing, Astral Asia, Avangaad, Kinergy, Hektar REIT, and Ahmad Zaki

Economists and research analysts have broadly welcomed Budget 2027’s tax relief, cost-of-living support and fiscal consolidation, but cautioned that delivery, subsidy reform and the risk of fiscal slippage will determine whether its targets are met.

Economists welcome tax relief and consolidation, but flag slippage and execution risks

WASHINGTON (Oct 9): US President Donald Trump said on Friday that Russia had agreed to supply diesel to global markets in an effort to lower fuel prices, and his administration temporarily lifted US sanctions on Russian fuel that were designed to deprive Moscow of revenues for its war on Ukraine.

Trump says Russia to supply diesel to US and global markets

KUALA LUMPUR (Oct 10): A total of 33 areas recorded Air Pollutant Index (API) readings at unhealthy levels as of 10am on Saturday, with Batu Pahat, Johor, recording the highest reading at 190.

Haze: 33 areas record unhealthy API as of 10am

KUALA LUMPUR (Oct 10): The Madani government’s fifth national budget tabled in Parliament on Friday (Oct 9) by Prime Minister Datuk Seri Anwar Ibrahim had been anticipated to be loaded with “goodies” as the 16th general election is expected in a year or so.&nbsp;

Translating reforms into more tangible benefits

(Oct 10):&nbsp;Anthropic PBC said its Claude AI model carried out additional unintended actions on the digital systems of outside organisations, including some US government agencies’ websites, prompting a warning from the Trump administration for artificial intelligence companies to secure their systems.

Anthropic cites new AI misbehaviour, some on government sites

PUTRAJAYA (Oct 10): The Ministry of Education (MOE) will focus on the welfare of students and teachers, as well as school maintenance and the construction of new schools, utilising the allocation of nearly RM69 billion announced in the 2027 Budget.

Budget 2027: MOE allocated almost RM69 bil, with priority for students, teachers

KUALA LUMPUR (Oct 10): Bank Simpanan Nasional (BSN) said the RM1.7 billion allocation announced in Budget 2027 to address the financing needs of various target groups will provide momentum for it to&nbsp;reinforce its position as a leading microfinance institution in Malaysia.

Budget 2027: RM1.7 bil allocation to strengthen BSN’s microfinance role

KUALA LUMPUR (Oct 10): Kumpulan Wang Persaraan (Diperbadankan) (KWAP) plans to mobilise capital across private markets, strategic sectors and the domestic capital market to support Malaysia’s economic priorities, subject to its investment processes, risk-return considerations and market conditions.

Budget 2027: KWAP to mobilise capital across private markets, strategic sectors

Following repeated security debacles at OpenAI and Anthropic—both of which have developed agents that ended up hacking external systems—AI safety researchers within both firms have either announced their resignations or (finally!) conceded that the breathless race to advance the “frontier” is irr...

Economics For The Many: Distorted Intelligence at the AI Frontier

NEW YORK/BENGALURU (Oct 9): A contractor linked to Super Micro Computer has pleaded guilty in a scheme to illegally export computer servers containing advanced Nvidia AI chips to China, a federal court filing showed on Friday.

Super Micro contractor pleads guilty in scheme to divert AI servers with Nvidia chips to China

Budget 2027’s targeted tax measures are expected to support business competitiveness, encourage domestic investment and strengthen Malaysia’s economic resilience amid rising operating costs and global uncertainties, said tax experts.

Budget 2027 tax measures to support businesses, boost productivity — experts

KUALA LUMPUR (Oct 10): The RM1.21 billion allocation for the Foreign Ministry&nbsp;under Budget 2027 reflects the government’s commitment to strengthening Malaysia’s diplomacy in navigating an increasingly dynamic and challenging global geopolitical landscape.

Wisma Putra: RM1.21 bil allocation under Budget 2027 a boost for Malaysia’s diplomacy

KUALA LUMPUR (Oct 10): Perbadanan Usahawan Nasional Bhd (PUNB) welcomes the increase in its financing fund to RM500 million under Budget 2027, up from RM350 million, to support Bumiputera entrepreneurs.

PUNB welcomes funding increase to RM500 mil under Budget 2027

KUCHING (Oct 10): Sarawak Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg expressed his appreciation to the Madani government, led by Prime Minister Datuk Seri Anwar Ibrahim, for the increase in the federal allocation for Sarawak to RM16.2 billion under the 2027 budget.

Abang Johari appreciates RM16.2 bil allocation for Sarawak in Budget 2027

KUALA LUMPUR (Oct 10): Egyptian President Abdel Fattah El-Sisi was accorded a state welcoming ceremony at&nbsp;Istana Negara on Saturday on the occasion of his first state visit&nbsp;to Malaysia since assuming office in June 2014, at the invitation of His Majesty Sultan Ibrahim, King of Malaysia.

Egypt president El-Sisi accorded state welcoming ceremony at Istana Negara

SYRACUSE, New York (Oct 9): US President Donald Trump reiterated his complaints on Friday about not receiving the Nobel Peace Prize, calling it a disgraceful and embarrassing decision that had left a stain on Norway, which hosts the Nobel committee.

Trump says Norway has 'indelible stain' for not awarding him Nobel Peace Prize

KLANG (Oct 10): Mitraland Group has officially launched Bayou Quartz, a landed residential development in Kota Bayuemas, Klang, with a gross development value (GDV) of RM800 million.

Occupying approximately 52 acres of freehold land, Bayou Quartz is the latest addition to the developer’...

Mitraland launches RM800 mil Bayou Quartz in Klang

BEIJING (Oct 10): China added 10.52 million urban jobs in the first nine months of the year, meeting 87.7% of its annual target, the labour ministry said on Saturday.

China added 10.52 million urban jobs in January-September, to roll out services jobs policy

KUALA LUMPUR (Oct 10): The Selangor government has committed RM50 million to the National Strategic Investment Fund, joining Khazanah Nasional Bhd and the Penang government in a RM150 million initiative to accelerate the growth of Malaysian semiconductor and advanced technology companies.

Budget 2027: Selangor commits RM50 mil to National Semiconductor Fund

BENGALURU (Oct 9): Hurricane Isaias rapidly lost windspeed on Friday, weakening into a Category 1 event after making landfall near Destin, Florida, the US National Hurricane Center (NHC) said, but warned of danger from storm surges and floods as power links snapped.

Isaias weakens to Category 1 hurricane after Florida landfall, centre says

The Budget 2027 reinforces Malaysia’s ambition to build a more productive and resilient economy while ensuring that progress delivers meaningful benefits to businesses and households, according to Hong Leong Bank (HLB).

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