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Mulia Venture, No. 1 & 3, Jalan 7/5, Taman Industri Selesa Jaya, Kuala (2026)

05/02/2026

KUALA LUMPUR: Bursa Malaysia ended lower today, extending its mild pullback as negative global sentiment weighed on risk appetite, said an economist.

IPPFA Sdn Bhd director of investment strategy and country economist Sedek Jantan said the local market’s decline was largely driven by external spillovers, particularly weakness across regional equity markets, as investors continued to reassess valuation risks in technology and artificial intelligence-linked names.

“Locally, this translated into broad-based sector rotation and profit-taking following the index’s recent rally, with selling pressure evident across utilities, industrial-related names, healthcare, construction and energy, while financials were comparatively resilient.

“Pockets of strength in real estate and selected yield-oriented counters provided limited support, underscoring a rebalancing of positions rather than an outright risk-off move,” he told Bernama.

In addition, he said from a technical perspective, the FTSE Bursa Malaysia KLCI (FBM KLCI) remains supported above the 1,730 zone, which has emerged as a near-term psychological and technical anchor.

“Despite today’s pullback, the index continues to trade comfortably above its key moving averages, signalling that the broader uptrend remains intact.

“Momentum indicators have moderated after a strong advance, consistent with a consolidation phase rather than a trend reversal,” he said.

At 5pm, the FBM KLCI eased 11.80 points, or 0.68%, to 1,731.02 from yesterday’s close of 1,742.82.

The market bellwether opened 3.0 points higher at 1,745.82, and subsequently hit an intraday high of 1,747.18 in early trade before slipping to its intraday low of 1,731.02 at closing.

In the broader market, losers trounced gainers 922 to 279, with 472 counters unchanged, 981 counters untraded and 15 suspended.

Turnover expanded to 3.83 billion units valued at RM3.66 billion from yesterday’s 2.59 billion units valued at RM2.86 billion.

Among heavyweights, CIMB perked up 2 sen to RM8.52, Public Bank slid 1 sen to RM4.90, Tenaga Nasional shed 12 sen to RM13.98, IHH Healthcare fell 19 sen to RM8.77, while Maybank was flat at RM11.94.

On the most active list, Zetrix AI slipped 10.5 sen to 69.5 sen, Pharmaniaga edged down 3.5 sen to 29 sen, Capital A decreased 2 sen to 57.5 sen, while MMAG and Tanco were flat at 5 sen and RM1.34, respectively.

Among the top gainers, Nestle advanced RM1.10 to RM113.00, Petronas Dagangan added 40 sen to RM20.36, Southern Acids rose 16 sen to RM3.50, and Batu Kawan added 12 sen to RM19.62.

Fraser & Neave led the decliners, falling RM1.48 sen to RM33.88, Malaysian Pacific Industries slid 50 sen to RM32.00, United Plantations slipped 82 sen to RM28.98, Petronas Gas lost 40 sen to RM18.10, and Hong Leong Industries shed 26 sen to RM16.78.

On the index board, the FBM Top 100 Index fell 100.66 points to 12,471.95, the FBM Emas Index slumped 109.29 points to 12,644.42, the FBM Emas Shariah Index weakened 160.68 points to 12,125.32, the FBM ACE Index slid 61.80 points to 4,634.35, and the FBM Mid 70 Index tumbled 210.37 points to 17,298.51.

Sector-wise, the financial services index shrank 8.27 points to 21,474.04, the industrial products and services index shed 2.05 points to 174.53, the plantation index slipped 42.57 points to 8,342.38 and the energy index trimmed 15.26 points to 740.65.

The Main Market volume increased to 2.28 billion units worth RM3.32 billion from yesterday’s 1.53 billion units worth RM2.65 billion.

Warrants turnover jumped to 1.07 billion units worth RM1.33 billion from 650.30 million units worth RM81.10 million previously.

The ACE Market volume swelled to 482.17 million units worth RM204.19 million from 409.26 million units worth RM121.48 million yesterday.

Consumer products and services counters accounted for 296.79 million shares traded on the Main Market, industrial products and services (281.20 million), construction (190.34 million), technology (529.01 million), financial services (99.19 million), property (236.51 million), plantation (38.38 million), real estate investment trusts (23.89 million), closed-end fund (23,000), energy (137.11 million), healthcare (291.54 million), telecommunications and media (37.09 million), transportation and logistics (74.27 million), utilities (43.04 million) and business trusts (281,200).

03/02/2026

KUALA LUMPUR: Malaysia has a strong potential to emerge as a global physical gold trading hub, supported by a business-friendly policy environment, an integrated industry ecosystem and the upcoming Malaysia Gold Industry Principles (MGIP).

Malaysia Gold Association (MGA) president Louis Ng said Malaysia’s strengths include coherent government policies, driving the healthy growth of the gold industry.

“Malaysia has strong potential to become a global physical gold trading hub, because our government is always setting the right policies for the healthy growth of the precious metals industry, especially gold,” he said during a press conference at the Malaysia Gold Conference here today.

Ng said the domestic precious metals industry has expanded rapidly, employing about a quarter of a million people across the value chain, from trading and retail to manufacturing and related services.

He said the MGIP, which is expected to be officially published in the third quarter (Q3) of this year, will be instrumental in strengthening governance, transparency and confidence in the domestic gold market, particularly by addressing quality standards and responsible business conduct among traders and retailers.

“With the MGIP, one of the modules we are going to cover is how to control the quality of members.

“Eventually, all the retail shops will carry a symbol or logo to show that they are responsible gold shops,” he said.

Ng said that the initiative, while voluntary, would help shape a more trustworthy and standardised gold trading ecosystem.

MGIP will serve as Malaysia’s self-regulatory foundation for the precious metals industry, covering responsible sourcing, ethical conduct, consumer protection and alignment with global compliance expectations.

He added that the principles were developed through collaboration with key stakeholders – including frameworks set by the World Gold Council – to enhance confidence across the entire ecosystem, while reinforcing Malaysia’s position as a well-governed and globally aligned precious metals hub.

30/01/2026

KUALA LUMPUR: Malaysia’s central bank said strong growth and ongoing reforms would provide support for the ringgit, ruling out using the currency to support exports, which it said are determined by global demand.

“The ringgit has never been an instrument for export competitiveness” Bank Negara Malaysia said in a written response to questions on Friday. While the central bank will continue to ensure “orderly conditions” in the foreign exhange market, “the ringgit is market-determined”.

The comments come as the currency has outperformed all Asian peers in 2026, rising 3%, after gaining around 10% last year. That is in stark contrast to the performance of neighboring Indonesia this month, where equities saw the worst rout since 1998 and the rupiah hit a record low versus the greenback.

Despite the ringgit’s gains, Malaysia has seen robust exports growth, with record shipments of manufactured goods in December. The latest export figures highlight Malaysia’s resilience in the face of 19% US tariffs that came into effect last year.

Global demand plays “the bigger role” in driving exports instead of the ringgit, Bank Negara said, noting that it continues to “observe a stable conversion” of exporters’ foreign currency proceeds into the ringgit.

Malaysia’s growth has also stood out relative to many of its peers. Gross domestic product in 2025 grew by 4.9%, above the government’s forecast of a 4% to 4.8% expansion, supported by robust services and manufacturing. In contrast, the Philippine’s full year GDP for last year slowed to 4.4%, below the official 5.5% to 6.5% target.

“Malaysia’s economy is expected to remain resilient,” Bank Negara said, citing domestic demand and investment activity, though there are external risks. “This, together with the ongoing structural reforms, will provide continued and enduring support for the ringgit.”

28/01/2026

KUALA LUMPUR: Bursa Malaysia snapped its five-day winning streak to close lower on Wednesday, as investors took profit following a cumulative gain of 4.25 per cent over the past five sessions, said an analyst.

IPPFA Sdn Bhd director of investment strategy and country economist Sedek Jantan said given the magnitude and pace of the recent advance, some degree of profit realisation is both expected and healthy.

“Importantly, this correction appears temporary rather than structural.

“Trading activity was also notably active, with total volume exceeding 3.0 billion shares, underscoring continued market participation rather than a broad-based risk-off move,” he told Bernama.

Additionally, investors appeared inclined to lock in gains to mitigate the risk of any unexpected policy signals ahead of the US Federal Reserve’s policy decision later today.

Meanwhile, Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng viewed today’s profit-taking as a healthy development, allowing the market to absorb recent gains and prepare for the next leg higher.

“Market sentiment remains resilient, with investors continuing to hold positions near recent highs, pointing to consolidation rather than a reversal.

“As long as the index holds above the 1,740-1,750 support zone and foreign participation remains supportive, the broader upward trend is expected to stay intact,” he said.

At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 14.76 points or 0.83 per cent to 1,756.49 from Tuesday’s close of 1,771.25.

The market bellwether opened 1.46 points lower at 1,769.79, marking the day’s high, and hit a low of 1,750.05 during the mid-afternoon session.

Market breadth was negative with losers trouncing gainers 876 to 384, while 525 counters were unchanged, 964 untraded and 94 suspended.

Turnover improved to 3.65 billion units worth RM4.41 billion from Tuesday’s 3.58 billion units worth RM4.46 billion.

Among the heavyweights, Maybank added four sen to RM11.80 and IHH Healthcare surged 31 sen to RM9.02, while Public Bank shed five sen to RM4.95, CIMB dropped 30 sen to RM8.65, and Tenaga Nasional slid four sen to RM14.08.

On the most active list, ACE Market debutant ISF Group soared 15 sen to 48 sen, Capital A and Tanco Holdings inched up one sen each to 58.5 sen and RM1.34, respectively, and Velesto Energy eased one sen to 30.5 sen.

Among the top gainers, Dutch Lady Milk Industries rose 78 sen to RM33.80, Kuala Lumpur Kepong put on 26 sen to RM20.08, Allianz Malaysia gained 24 sen to RM23.24, and Country View jumped 19 sen to RM3.15.

Top decliners included Nestle, which dropped RM2.10 to RM113.50, Malaysian Pacific Industries fell 72 sen to RM32.50, Fraser & Neave slipped 50 sen to RM35.50, and United Plantations declined 28 sen to RM30.50.

On the index board, the FBM Top 100 Index decreased 106.90 points to 12,657.18, the FBM Emas Index declined 112.31 points to 12,842.39, the FBM Mid 70 Index was 150.84 points lower at 17,563.23, the FBM Emas Shariah Index slipped 91.94 points to 12,396.27, and the FBM ACE Index sank 88.82 points to 4,746.76.

Sector-wise, the financial services index tumbled 205.98 points to 21,507.68, the industrial products and services index edged down 1.92 points to 178.01, and the energy index dropped 11.08 points to 757.43, while the plantation index increased 6.72 points to 8,444.78.

The Main Market volume fell to 2.04 billion units worth RM3.96 billion from Tuesday’s 2.22 billion units worth RM4.20 billion.

Warrants turnover advanced to 956.75 million units worth RM137.89 million from 919.73 million units worth RM112.26 million previously.

The ACE Market volume expanded to 653.13 million units worth RM309.05 million from 441.14 million units worth RM145.30 million yesterday.

Consumer products and services counters accounted for 320.73 million shares traded on the Main Market, industrial products and services (308.75 million), construction (160.78 million), technology (250.71 million), financial services (179.53 million), property (259.32 million), plantation (43.29 million), real estate investment trusts (27.79 million), closed-end fund (10,600), energy (185.81 million), healthcare (176.10 million), telecommunications and media (41.29 million), transportation and logistics (48.43 million), utilities (39.61 million), and business trusts (220,700).

26/01/2026

KUALA LUMPUR: Malaysian assets jumped to their highest level in more than seven years, buoyed by rising confidence in the country’s role in the artificial intelligence (AI) supply chain and a strengthening economic outlook.

The ringgit appreciated as much as 1% to RM3.9678 per US dollar today, the strongest since May 2018.

The FTSE Bursa Malaysia KLCI Index (FBM KLCI) rose as much as 1.2%.

Local assets are rallying alongside other emerging markets amid a selloff in the dollar sparked by concerns over joint intervention.

Malaysia’s growth momentum is also expected to continue this year, supported by resilient domestic demand, likely strong tourist arrivals and a rapid expansion in the data-centre sector.

T Rowe Price is most constructive over the ringgit within the emerging-Asia FX space, given that it’s a “destination for data centres with ample energy resources and is doing well in terms of tourism,” said Leonard Kwan, a fixed-income fund manager in Hong Kong.

The ringgit is Asia’s top performing currency so far in January, following two years of outperformance in the region.

A strategist at Oversea-Chinese Banking Corp sees the ringgit potentially strengthening toward the RM3.9650 level, supported by gains in the yuan and yen, while Gama Asset Management SA expects the currency to rise to RM3.9 per dollar this quarter.

Tech exports, foreign direct investment and Bank Negara Malaysia likely keeping interest rates unchanged this year would help the ringgit outperform Southeast Asian peers again in 2026, Goldman Sachs strategists including Danny Suwanapruti wrote in a note on Saturday.

The central bank maintained its policy rate last week.

The return of foreign investors is also giving equities a boost.

Global funds bought US$256 million of local stocks on a net basis this month – the most among emerging regional peers – helping to lift the FBM KLCI gauge to the highest since 2018.

“Steady fiscal trajectory and stable economic growth have positioned the country as an attractive destination for foreign investment, particularly in infrastructure, financial services, and renewable energy,” said Tareck Horchani, head of prime brokerage dealing at Maybank Securities in Singapore.

“Banking stocks have been the main driver for the index amid bargain hunting,” Horchani said.

The Bursa Malaysia Finance Index advanced as much as 1.7% to a fresh record high.

This week’s main economic events include Singapore’s industrial production, China’s industrial profits, the Philippines’ trade data, Australia’s Q4/December CPI, the Philippines’ Q4 GDP, Australia’s Q4 PPI, Taiwan’s Q4 GDP, Thailand’s trade data and China’s manufacturing PMI.

21/01/2026

KUALA LUMPUR: Bursa Malaysia’s benchmark index rebounded to close higher today as investors engaged in bargain hunting at lower levels following yesterday’s profit-taking, in line with gains across most regional markets.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the benchmark index continued to find firm support around the 1,700 level, underpinned by sustained buying interest in blue-chip stocks.

“This reflects underlying confidence in local fundamentals, as investors remain selective yet willing to accumulate quality names despite external uncertainties.

“Provided buying interest remains intact, the FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to stay resilient in the near-term, with any pullbacks likely to be mild and orderly,” he told Bernama.

IPPFA Sdn Bhd director of investment strategy and country economist Sedek Jantan said banking stocks led the gains among the FBM KLCI components, as investors positioned ahead of Bank Negara Malaysia’s monetary policy committee meeting tomorrow, with expectations that the policy rate will be maintained.

He said consumer stocks also advanced, supported by the payment of Sumbangan Tunai Rahmah credits yesterday and ahead of Phase 2 of the civil servants’ salary adjustment tomorrow, which is expected to boost household spending and transaction activity.

At 5pm, the FBM KLCI rose 6.75 points or 0.39% to 1,705.81 from yesterday’s close of 1,699.06.

The barometer index opened 4.25 points lower at 1,694.81 and moved between an intraday low of 1,693.95 in early trade and a high of 1,708.62 in late session.

Market breadth was positive, with gainers leading losers 591 to 442, while 568 counters were unchanged, 1,083 counters untraded and 10 suspended.

Turnover increased to 2.94 billion units worth RM3.14 billion from yesterday’s 2.85 billion units worth RM2.86 billion.

Among heavyweights, Maybank rose 4 sen to RM11.10, Public Bank added 2 sen to RM4.74, while CIMB and IHH gained 5 sen each to RM8.22 and RM8.46, respectively. Tenaga Nasional was flat at RM13.80.

On the actively traded list, Velesto, Zetrix AI and Tanco bagged 1 sen each to 29 sen, 81.5 sen and RM1.29, respectively, while SBS Nexus fell 1 sen to 23 sen and IJM dropped 8 sen to RM2.49.

Leading gainers included Hong Leong Financial, which climbed 56 sen to RM20.84, Dutch Lady advanced 50 sen to RM31.78, Fraser & Neave and Malaysian Pacific Industries perked up 44 sen each to RM36.16 and RM34.00, respectively, while Petronas Gas firmed 38 sen to RM18.80.

As for the top decliners, United Plantations slid 76 sen to RM30.30, Nestle slipped 40 sen to RM115.60, BLD Plantation dipped 30 sen to RM15.30, Far East sank 25 sen to RM3.95 and KL Kepong lost 20 sen to RM20.00.

On the broader market, the FBM Emas Index increased 49.74 points to 12,564.94, the FBM Top 100 Index added 46.50 points to 12,359.04, the FBM ACE Index climbed 37.47 points to 4,918.71, and the FBM Emas Shariah Index jumped 50.78 points to 12,243.49, and the FBM Mid 70 Index advanced 54.77 points to 17,452.61.

Sector-wise, the financial services index soared 104.10 points to 20,548.66, the energy index inched down 0.15 of-a-point to 770.68, the industrial products and services index edged up 1.79 points to 175.07 and the plantation index shed 32.96 points to 8,298.13.

The Main Market volume was unchanged at 1.51 billion units while its value rose to RM2.86 billion from yesterday’s 1.51 billion units worth RM2.58 billion.

Warrants turnover expanded to 939.71 million units worth RM109.84 million from 852.39 million units worth RM115.84 million previously.

The ACE Market volume improved to 483.39 million units worth RM163.83 million from 480.23 million units worth RM167.71 million yesterday.

Consumer products and services counters accounted for 218.78 million shares traded on the Main Market, industrial products and services (283.49 million), construction (141.92 million), technology (214.37 million), financial services (111.97 million), property (166.26 million), plantation (26.41 million), real estate investment trusts (19.60 million), closed-end fund (9,000), energy (156.24 million), healthcare (50.81 million), telecommunications and media (31.74 million), transportation and logistics (65.44 million), utilities (31.30 million) and business trusts (609,900).

19/01/2026

KUALA LUMPUR: Bursa Malaysia’s benchmark index pared earlier losses, ending marginally lower after late buying lifted it to the day’s high of 1,712.33 at the close, amid mixed regional sentiment.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said some investors engaged in profit-taking following the recent rally, while others opted for late buying indicating that the market remains resilient.

“We view the profit-taking as a healthy correction to digest the recent uptrend. We reckon that as long as foreign inflows continue and buying interest stays focused on fundamentally strong stocks, the benchmark index is likely to remain on a firmer footing. The near-term outlook remains constructive, with potential for further gradual upside,” he told Bernama.

Meanwhile IPPFA Sdn Bhd director of investment strategy and country economist Sedek Jantan said profit-taking has intensified, with broad-based declines across the FTSE Bursa Malaysia KLCI (FBM KLCI), FBM Mid 70 and FBM SmallCap indices.

“Investor caution was driven by renewed geopolitical unease following the weekend remarks from US president Donald Trump’s administration regarding Greenland,” he said.

In meantime, he said globally, the US markets are closed on Monday in observance of Martin Luther King Jr Day, including the New York Stock Exchange, which is expected to dampen global liquidity and potentially weigh on trading conditions across Asian markets in the next session.

“In addition, with the US corporate earnings season beginning, we expect Bursa to trade in a more modest and range-bound manner as investors await clearer external cues,” he said.

At 5pm, the FBM KLCI eased 0.41 of-a-point to 1,712.33 compared with last Friday’s close of 1,712.74.

The benchmark index opened 2.17 points lower at 1,710.57 and subsequently dipped to its intraday low of 1,704.64 after one hour of trading, before clawing back in the late session toward the close.

Market breadth was negative, with decliners outpacing advancers by 778 to 359. A total of 517 counters were unchanged, 1,001 counters were untraded and 11 were suspended.

Turnover declined to 3.08 billion units worth RM2.74 billion from last Friday’s 3.08 billion units worth RM3.08 billion.

Among the heavyweights, CIMB Group and Tenaga Nasional shed 4 sen each to RM8.37 and RM13.82 respectively, Maybank was unchanged at RM11.16, while Public Bank gained 7 sen to RM4.80 and IHH Healthcare rose 3 sen to RM8.41.

On the most active list, AirAsia X declined 2 sen to RM1.65, SMRT Holdings tumbled 26 sen to 18.5 sen, Zetrix AI eased 1 sen to 80.5 sen, and Capital A slipped 4 sen to 50.5 sen, while Tanco Holdings rose 1 sen to RM1.26.

Among the top gainers, Allianz Malaysia climbed RM1.24 sen to RM21.68, Hong Leong Financial Group put on 62 sen to RM21.58, Hong Leong Bank advanced 36 sen to RM24.30, Petronas Dagangan firmed 42 sen to RM21.08, and Kuala Lumpur Kepong added 40 sen to RM20.40.

As for the leading decliners, Malaysian Pacific Industries sank 76 sen to RM33.72, United Plantations fell 50 sen to RM31.20, RHB Bank lost 12 sen to RM8.10, while both MISC and UWC erased 11 sen each to RM7.69 and RM4.47, respectively.

On the index board, the FBM Emas Index declined 33.49 points to 12,611.54, the FBM Top 100 Index slid 29.88 points to 12,406.84, the FBM Emas Shariah Index shrank 62.13 points to 12,240.69, the FBM Mid 70 Index slumped 162.85 points to 17,522.76, and the FBM ACE Index slipped 38.36 points to 4,935.07.

Sector-wise, the financial services index gained 89.33 points to 20,815.14, while the energy index shed 6.92 points to 777.13, the industrial products and services index edged down 0.29 of-a-point to 174.78, and the plantation index fell 15.67 points to 8,351.43.

The Main Market volume improved to 1.61 billion units worth RM2.47 billion from last Friday’s 1.56 billion units worth RM2.77 billion.

Warrants turnover dwindled to 846.15 million units worth RM103.22 million from 1.04 billion units worth RM140.83 million previously.

The ACE Market volume swelled to 622.52 million units worth RM194.23 million from 475.95 million units worth RM173.76 million last Friday.

Consumer products and services counters accounted for 357.42 million shares traded on the Main Market, industrial products and services (226.90 million), construction (223.88 million), technology (245.87 million), financial services (116.20 million), property (171.18 million), plantation (20.69 million), real estate investment trusts (18.37 million), closed-end fund (26,100), energy (708.85 million), healthcare (89.38 million), telecommunications and media (20.00 million), transportation and logistics (31.57 million), utilities (22.96 million), and business trusts (33,000).

15/01/2026

KUALA LUMPUR: Bargain-hunting in heavyweight financial services counters lifted Bursa Malaysia’s benchmark index from earlier losses to an intraday high, a level not seen in more than six years, even as regional sentiment remained mixed.

IPPFA Sdn Bhd director of investment strategy and country economist Sedek Jantan said the FBM KLCI extended its rally for a fifth consecutive session, as investors continued deploying capital despite elevated geopolitical noise.

“The persistence of buying interest reflects confidence in Malaysia’s earnings and macroeconomic backdrop, reinforced by foreign investors recording four consecutive days of net inflows from Jan 9 to 14.

“This pattern indicates that Malaysia is increasingly being treated as a core allocation rather than a tactical trade,” he told Bernama.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 4.25 points, or 0.25%, to 1,715.16 from yesterday’s close of 1,710.91. The index surpassed its previous peak of 1,713.45 recorded on Feb 27, 2019.

The market barometer opened 0.56 of-a-point lower at 1,710.35 and slipped to an intraday low of 1,701.83 in early trade before edging higher throughout the day towards the close.

Market breadth was negative, with decliners leading gainers 583 to 503, while 562 counters were unchanged, 990 untraded, and 21 suspended.

Turnover climbed to 3.25 billion units worth RM3.32 billion from yesterday’s 3.11 billion units worth RM3.19 billion.

Among the heavyweights, Maybank rose six sen to RM11.10, Public Bank put on eight sen to RM4.75, CIMB and Tenaga Nasional advanced 10 sen each to RM8.45 and RM13.92, respectively, while IHH was two sen lower at RM8.43.

On the most active list, VS Industry and Zetrix AI inched down 0.5 sen to 48 sen and 82.5 sen, respectively, Capital A lost 1.5 sen to 53 sen, and Northeast Group tumbled 11.5 sen to 59.5 sen, while Tanco bagged one sen to RM1.24.

Among the top gainers, Malaysian Pacific Industries climbed 90 sen to RM33.70, Hong Leong Bank rose 52 sen to RM24, Westports jumped 48 sen to RM6.12, Hong Leong Financial firmed 40 sen to RM20.82, and Mi Technovation added 19 sen to RM3.39.

For the top decliners, Nestle dropped RM2.50 to RM116, United Plantations decreased 52 sen to RM32.98, Fraser & Neave dipped 36 sen to RM36, Petronas Dagangan slid 30 sen to RM20.70, and Batu Kawan trimmed 26 sen to RM20.02.

On the index board, the FBM Emas Index increased 30.17 points to 12,656.64, the FBM Top 100 Index rose 36.27 points to 12,450.02, while the FBM Emas Shariah Index fell 20.52 points to 12,327.06.

The FBM Mid 70 Index garnered 76.03 points to 17,685.55 but the FBM ACE Index slumped 19.99 points to 4,965.96.

Sector-wise, the financial services index jumped 220.18 points to 20,704.28, the energy index shed 3.19 points to 786.43, the industrial products and services index eased 0.10 of-a-point to 174.73, and the plantation index sank 79.67 points to 8,449.03.

The Main Market volume was marginally lower at 1.71 billion units worth RM2.98 billion from yesterday’s 1.76 billion units worth RM2.92 billion.

Warrants turnover expanded to 1.12 billion units worth RM168.64 million from 846.9 million units worth RM114.84 million previously.

The ACE Market volume dwindled to 411.93 million units worth RM168.62 million from 501.47 million units worth RM156.13 million yesterday.

Consumer products and services counters accounted for 275.54 million shares traded on the Main Market, industrial products and services (301.12 million), construction (155.19 million), technology (293.79 million), financial services (141.59 million), property (190.43 million), plantation (41.48 million), real estate investment trusts (19.95 million), closed-end funds (82,000), energy (93.18 million), healthcare (99.27 million), telecommunications and media (26.41 million), transportation and logistics (41.42 million), utilities (32.60 million), and business trusts (93,900).

12/01/2026

KUALA LUMPUR: The ringgit closed firmer against the greenback on Monday as concerns over the US Federal Reserve’s (Fed) independence weighed on the American dollar.

At 6pm, the local currency advanced to 4.0605/4.0660 versus the US dollar from Friday’s close of 4.0700/4.0765.

IPPFA Sdn Bhd director of investment strategy and country economist Sedek Jantan said the concerns over Fed independence have triggered a broad pullback from US assets, pushing the US Dollar Index (DXY) lower and lifting emerging-market currencies, including the ringgit.

“For Malaysia, the key anchor remains the US bond market. Treasury yields have stabilised, signalling that this is still being treated as a political shock rather than a break in the monetary regime. As long as the yields remain contained, Asia’s foreign exchange markets can hold their ground,” he told Bernama.

Sedek also noted that oil prices rose on escalating unrest in Iran, supporting Malaysia’s trade position, but pointed out that higher energy prices also raise global inflation risks that could eventually favour the US dollar. “For now, Fed-related uncertainty is the dominant driver keeping the ringgit supported,” he said.

At the close, the ringgit traded mixed against a basket of major currencies but was higher versus Asean peers.

It appreciated versus the Japanese yen to 2.5717/2.5754 from 2.5888/2.5935 at Friday’s close, dipped against the British pound to 5.4630/5.4704 from 5.4579/5.4666, and eased vis-à-vis the euro to 4.7435/4.7499 from 4.7383/4.7459.

The ringgit was higher against the Singapore dollar at 3.1567/3.1613 from 3.1629/3.1682, gained vis-à-vis the Indonesian rupiah to 240.9/241.3 from 241.9/242.4, and advanced versus the Philippine peso to 6.85/6.86 from 6.87/6.88.

However, it slipped versus the Thai baht to 12.9961/13.0195 from 12.9474/12.9738 previously.

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