Bursa Malaysia ends higher, extends gains on improving sentiment after US tariff update

Bursa Malaysia ended the first trading day of the week higher, maintaining its momentum from last week amid improving investor sentiment following the latest United States tariff announcements.

At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.15 points, or 0.29 per cent, to 1,757.98, compared with Friday’s close of 1,752.83.

The benchmark index had opened 4.14 points higher at 1,756.97, and moved between 1,752.48 and 1,760.03 throughout the trading session.

The broader market was positive, with gainers outpacing losers 584 to 520, while 537 counters remained unchanged. A total of 1,139 counters remained untraded and 24 were suspended.

Turnover widened to 2.47 billion units worth RM2.65 billion compared to 2.03 billion units worth RM2.20 billion last Friday.

IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said sentiment strengthened as investors took comfort from clearer indications that the United States tariff landscape has shifted away from abrupt, country-specific escalation towards a more temporary and neutral framework.

Among heavyweights, Public Bank gained five sen to RM5.08, CIMB Group added one sen to RM8.50 and IHH Healthcare advanced 16 sen to RM9.00, while Maybank slipped two sen to RM12.20 and Tenaga Nasional eased two sen to RM14.14.

On the most active list, Tanco rose two sen to RM1.48, while Astro Malaysia fell 1.5 sen to 8.5 sen, Zetrix AI eased half-a-sen to 83 sen, OCR was flat at 4.5 sen and Velesto edged lower half-a-sen to 31 sen.

Top gainers included Nestle, which jumped RM2.70 to RM112.40, Malaysian Pacific Industries was up 44 sen to RM31.02, United Plantations rose 32 sen to RM30.32, PPB Group gained 30 sen to RM11.16 and KESM Industries adding 20 sen to RM3.05.

Top losers included Malayan Cement, which declined 29 sen to RM8.40, Hong Leong Industries was down 20 sen to RM18.90, Press Metal shaved 17 sen to RM7.53, Petronas Chemicals slid 16 sen to RM3.29 and UMS Integration fell 15 sen to RM4.00.

en_USEnglish