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

Bursa Malaysia ended the morning trading session lower as the weak market sentiment following the rising local Covid-19 cases took a toll on investors’ risk appetite.

Bursa Malaysia remains lower at midday

Spritzer Bhd (KL:SPRITZER) said it will spend between RM90 million and RM100 million in 2025 to upgrade and expand its production.

Spritzer to spend up to RM100m in 2025 to upgrade, expand production

US President Donald Trump will extend a June 19 deadline for China-based ByteDance to divest the US assets of short video app TikTok by 90 days despite a law that had mandated a sale or a shutdown absent significant progress, the White House said on Tuesday.

Trump will extend TikTok sale deadline for third time, White House says

Ukrainian President Volodymyr Zelenskiy will leave the Group of Seven summit on Tuesday with new aid from host Canada for its war against invader Russia but without a joint statement of support from members or a chance to meet with US President Donald Trump.

The G7 wealthy nations struggled to find unity over the conflict in Ukraine after Trump expressed support for Russian President Vladimir Putin and left a day early to address the Israel-Iran conflict from Washington.

G7 abandons joint Ukraine statement as Zelenskiy says diplomacy in crisis

The S&P 500 declined on Tuesday as fears over a potential US involvement in the conflict between Israel and Iran caused traders to take risk off the table.

The S&P 500 Index closed down 0.8% in New York, while the tech-heavy Nasdaq 100 Index lost 1%.

S&P 500 falls with geopolitics in focus amid Israel-Iran jitters

Rollout of generative AI and agents will reduce Amazon's total corporate workforce in the next few years, Andy Jassy, the CEO of the online retailer, said in a note to employees on Tuesday.

Amazon's corporate workforce may shrink as AI takes over routine tasks

US retail sales dropped more than expected in May, weighed down by a decline in motor vehicle purchases as a rush to beat potential tariff-related price hikes ebbed, but consumer spending remains supported by solid wage growth for now.

Weak US retail sales, manufacturing output point to softening economy

Here is a brief recap of Tuesday’s top local business news and corporate announcements.

Apollo, UWC, Jaycorp, Chin Hin, KPJ Healthcare, Malaysia Marine and Heavy Engineering, Yinson

South Malaysia Industries Bhd (KL:SMI) on Tuesday said it has rejected a proposal to nominate Teh Chee Hoe and three others as directors at its upcoming annual general meeting, citing violations of corporate and securities regulations.

SMI rejects board nominations ahead of AGM over regulatory concerns

Top officials from central banks and finance ministries were forced to call a timeout at a meeting of the world’s most powerful financial watchdog last week, amid clashes over the US stance on climate change.

US draws ire of France, Canada at meeting of finance regulators

Wall Street's main indexes slipped on Tuesday as the Israel-Iran conflict entered its fifth day, denting global investor confidence ahead of the Federal Reserve's upcoming monetary policy decision.

Wall Street slips as Middle East conflict escalates

Here is a brief recap of Tuesday’s top local business news and corporate announcements.

Spritzer Bhd (KL:SPRITZER) said it will spend between RM90 million and RM100 million in 2025 to upgrade and expand its production.

Chinese companies were flying suitcases of hard drives to Malaysia to train their artificial intelligence (AI) models at data centres equipped with advanced Nvidia chips, The Wall Street Journal reported.

Chinese firms training AI models in Malaysia at Nvidia-powered data centres, WSJ reports

Investors will demand a higher risk premium&nbsp;for PPB Group Bhd (KL:PPB) after associate and main profit contributor Wilmar International Ltd was charged by Indonesia's Attorney General Office (AGO), according to Kenanga Research.

PPB faces higher risk premium after Wilmar's US$729m deposit in Indonesia case

The S&amp;P 500 declined on Tuesday as fears over a potential US involvement in the conflict between Israel and Iran caused traders to take risk off the table.

The S&amp;P 500 Index closed down&nbsp;0.8%&nbsp;in New York, while the tech-heavy Nasdaq 100 Index lost&nbsp;1%.

South Malaysia Industries Bhd (KL:SMI) on Tuesday said it has rejected a proposal to nominate Teh Chee Hoe and three others as directors at its upcoming annual general meeting, citing violations of corporate and securities regulations.

US President Donald Trump met with his national security team in Washington for more than an hour on Tuesday to discuss the escalating Middle East conflict, according to people familiar with the matter, fuelling fresh speculation that the US is on the verge of joining Israel’s attack on Iran.&nbsp;

Trump weighs Iran options as Israel ratchets up air strikes

US President Donald Trump is extending for a third time the deadline for Chinese company ByteDance Ltd&nbsp;to divest the American operations of TikTok, allowing the social media app to keep running in the US while negotiations proceed.

Trump again pushes TikTok sale deadline with 90-day extension

US Federal Reserve (Fed) officials are widely expected to leave interest rates unchanged for a fourth straight meeting on Wednesday, reiterating they want more clarity on the economic impact of a&nbsp;wide array&nbsp;of government policy changes before adjusting borrowing costs. &nbsp;

Fed expected to hold rates steady again as officials wait for more clarity on economy

Ukrainian President Volodymyr Zelenskiy will leave the Group of Seven summit on Tuesday with new aid from host Canada for its war against invader Russia but without a&nbsp;joint&nbsp;statement of support from members or a chance to meet with US&nbsp;President Donald Trump.

The&nbsp;G7&nbsp;wealthy nations struggled to find unity over the conflict in&nbsp;Ukraine&nbsp;after Trump expressed support for Russian President Vladimir Putin and left a day early to address the Israel-Iran conflict from Washington.

Rollout of generative AI and agents will reduce Amazon's total corporate workforce in the next few years, Andy Jassy, the CEO of the online retailer, said in a note to employees on Tuesday.

Malaysia remains committed to expanding strategic ties with international partners, including Russia, in areas that can yield mutual benefit and contribute to sustainable development.

Malaysia committed to expanding strategic ties with Russia, focus on renewable energy, says Fadillah

Top officials from central banks and finance ministries were forced to call a timeout at a meeting of the world’s most powerful financial watchdog last week, amid clashes over the US stance on climate change.

US retail sales dropped more than expected in May, weighed down by a decline in motor vehicle purchases as a rush to beat potential tariff-related price hikes ebbed, but consumer spending remains supported by solid wage growth for now.

The US Senate passed stablecoin legislation setting up regulatory rules for cryptocurrencies pegged to the dollar, in a landmark win for the ascendant crypto industry and President Donald Trump.

US Senate passes stablecoin legislation in win for crypto, Trump

The top US bank regulators plan to reduce a key capital buffer by up to 1.5 percentage points for the biggest lenders after concerns that it constrained their trading in the US$29 trillion (RM123.22 trillion) Treasuries market.&nbsp;

US planning to ease capital rule limiting banks’ Treasury trades, Bloomberg reports

The Front Tyne oil tanker was sailing through the Gulf between Iran and the United Arab Emirates on Sunday when just past 9.40am shiptracking data appeared to show the massive vessel in Russia, in fields better known for barley and sugar beets.

Oil tankers near Iran appear to be in rural Russia as signals jammed

The UK is looking to restrict the number of visas it gives to countries which refuse to sign returns agreements with Britain, Prime Minister Keir Starmer said, as his government pursues more assertive measures to reduce levels of net migration.

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