Malaysia Bourse May Hand Back Thursday’s Gains | Global Market News
(RTTNews) – The Malaysia stock market rebounded on Thursday, one session after ending the two-day successful streak through which it had improved more than 30 factors or 2 p.c. The Kuala Lumpur Composite Index new sits simply above the 1,480-point plateau, though it is anticipated to open below water on Friday.
The international forecast for the Asian markets is gentle amid lingering uncertainty about U.S. President Donald Trump’s tariffs. The European and U.S. markets completed largely decrease and the Asian bourses are anticipated to open in related fashion.
The KLCI completed modestly greater on Thursday following features from the financials, weak point from the plantations and a combined image from the telecoms.
For the day, the index gained 6.35 factors or 0.43 p.c to complete at 1,483.27 after trading between 1,473.21 and 1,487.27.
Among the actives, 99 Speed Mart Retail rallied 3.32 p.c, whereas Axiata climbed 1.08 p.c, Celcomdigi jumped 2.01 p.c, CIMB Group improved 0.75 p.c, Gamuda eased 0.26 p.c, IHH Healthcare added 0.44 p.c, Kuala Lumpur Kepong slumped 0.99 p.c, Maxis was down 0.29 p.c, Maybank and Tenaga Nasional gained 0.30 p.c, MISC superior 0.99 p.c, MRDIY soared 5.84 p.c, Nestle Malaysia surged 5.92 p.c, Petronas Chemicals spiked 3.26 p.c, PPB Group dropped 0.69 p.c, Press Metal slipped 0.41 p.c, Public Bank collected 0.70 p.c, Sime Darby fell 0.49 p.c, SD Guthrie sank 0.65 p.c, Telekom Malaysia dipped 0.30 p.c, YTL Corporation misplaced 0.55 p.c, YTL Power shed 0.63 p.c and QL Resources, RHB Bank, IOI Corporation, Sunway and Hong Leong Bank have been unchanged.
The lead from Wall Street is weak as the key averages opened combined on Thursday and completed largely the identical approach, with a draw back bias.
The Doe slumped 527.16 factors or 1.33 p.c to complete at 39,142.23, whereas the NASDAQ dipped 20.71 factors or 0.13 p.c to close at 16,286.45 and the S&P 500 rose 7.00 factors or 0.13 p.c to finish at 5,282.70.
The markets are closed for Good Friday; for the holiday-shortened week, the S&P retreated 1.5 p.c, the NASDAQ stumbled 2.6 p.c and the Dow declined 2.7 p.c.
The steep drop by the Dow mirrored a nosedive by shares of UnitedHealth (UNH), which plummeted 22.4 p.c after the company reported weaker than anticipated first quarter earnings and cut its full-year revenue forecast.
In financial news, the Labor Department famous a modest lower by first-time claims for U.S. unemployment advantages final week. Also, the Commerce Department stated new residential construction within the U.S. pulled back a lot more than anticipated in March.
Crude oil futures moved sharply greater on Thursday amid ongoing considerations about sanctions on Iranian oil exports. West Texas Intermediate crude for May supply spiked $2.21 or 3.5 p.c to $64.68 a barrel.
Closer to home, Malaysia will present March numbers for imports, exports and trade stability later immediately, plus preliminary Q1 GDP information. Imports are anticipated to rise 2.3 p.c on yr, easing from 5.5 p.c in February. Exports are known as greater by an annual 3.3 p.c, down from 6.2 p.c within the earlier month. The trade surplus is pegged at MYR13.80 billion, up from MYR12.60 billion a month earlier. GDP was up 5.0 p.c on yr within the fourth quarter of 2024.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
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