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Palantir
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Bursa Malaysia Stabilizes as December Trading Kicks Off
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Bursa Malaysia ended slightly higher, with $FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ gaining 1.19 points, or 0.075%, to close at 1,595.48. The benchmark index traded in a narrow range between 1,593.37 and 1,603.94, reflecting investor caution due to ongoing foreign selling and profit-taking in financial heavyweights. Turnover decreased to 2.83 billion shares worth RM2.37 billion compared to the previous trading session.
Sectoral Analysis: Plantation Gains Offset Financial Weakness
$Bursa Plantation (0025I.MY)$ provided strong support, climbing 139.74 points to 7,671.56, driven by interest in leading plantation counters such as $KLK (2445.MY)$ and $SDG (5285.MY)$. In contrast, $Bursa Finance Services (0010I.MY)$ fell sharply by 143.41 points to 19,046.62 as heavyweights $MAYBANK (1155.MY)$ and $CIMB (1023.MY)$ posted losses. $Bursa Industrial Products & Services (0002I.MY)$ rose 3.28 points, while $Bursa Energy (0061I.MY)$ dropped 3.68 points amid declining interest in $Bursa Energy (0061I.MY)$ stocks.
Heavyweights and Active Counters
Key movers included $KLK (2445.MY)$, which gained RM0.36 to RM21.56, and $F&N (3689.MY)$, which added RM0.54 to RM28. $UTDPLT (2089.MY)$ also advanced, contributing to $Bursa Plantation (0025I.MY)$ sector’s gains. On the downside, $MAYBANK (1155.MY)$ and $TENAGA (5347.MY)$ saw losses of 12 sen and 18 sen, respectively, dragging $Bursa Finance Services (0010I.MY)$ and $Bursa Utilities (0065I.MY)$ sectors.
Among active stocks, $VELESTO (5243.MY)$ and $AIMFLEX (0209.MY)$ remained in focus, trading lower at 15.5 sen, while $CAPITALA (5099.MY)$ and $SAPNRG (5218.MY)$ held steady at RM1 and 4 sen, respectively.
$Bursa Plantation (0025I.MY)$ provided strong support, climbing 139.74 points to 7,671.56, driven by interest in leading plantation counters such as $KLK (2445.MY)$ and $SDG (5285.MY)$. In contrast, $Bursa Finance Services (0010I.MY)$ fell sharply by 143.41 points to 19,046.62 as heavyweights $MAYBANK (1155.MY)$ and $CIMB (1023.MY)$ posted losses. $Bursa Industrial Products & Services (0002I.MY)$ rose 3.28 points, while $Bursa Energy (0061I.MY)$ dropped 3.68 points amid declining interest in $Bursa Energy (0061I.MY)$ stocks.
Heavyweights and Active Counters
Key movers included $KLK (2445.MY)$, which gained RM0.36 to RM21.56, and $F&N (3689.MY)$, which added RM0.54 to RM28. $UTDPLT (2089.MY)$ also advanced, contributing to $Bursa Plantation (0025I.MY)$ sector’s gains. On the downside, $MAYBANK (1155.MY)$ and $TENAGA (5347.MY)$ saw losses of 12 sen and 18 sen, respectively, dragging $Bursa Finance Services (0010I.MY)$ and $Bursa Utilities (0065I.MY)$ sectors.
Among active stocks, $VELESTO (5243.MY)$ and $AIMFLEX (0209.MY)$ remained in focus, trading lower at 15.5 sen, while $CAPITALA (5099.MY)$ and $SAPNRG (5218.MY)$ held steady at RM1 and 4 sen, respectively.
Regional and Global Influences
Regional markets, including China and Hong Kong, rallied as China’s manufacturing data exceeded expectations, supported by aggressive economic stimulus. However, caution prevailed locally, with investors awaiting key U.S. economic data, including the manufacturing PMI and S&P Global Composite PMI, which are expected to guide market sentiment.
Trading Activity Trends
The Main Market accounted for 1.55 billion shares valued at RM2.16 billion, with $Bursa Consumer Products & Services (0001I.MY)$, $Bursa Industrial Products & Services (0002I.MY)$, and $Bursa Technology (0005I.MY)$ sectors dominating activity. Warrants turnover increased, while $FTSE Bursa Malaysia ACE Index (.FBMMES.MY)$ trading volume slipped to 395.42 million shares worth RM127.40 million, indicating reduced speculative interest.
Regional markets, including China and Hong Kong, rallied as China’s manufacturing data exceeded expectations, supported by aggressive economic stimulus. However, caution prevailed locally, with investors awaiting key U.S. economic data, including the manufacturing PMI and S&P Global Composite PMI, which are expected to guide market sentiment.
Trading Activity Trends
The Main Market accounted for 1.55 billion shares valued at RM2.16 billion, with $Bursa Consumer Products & Services (0001I.MY)$, $Bursa Industrial Products & Services (0002I.MY)$, and $Bursa Technology (0005I.MY)$ sectors dominating activity. Warrants turnover increased, while $FTSE Bursa Malaysia ACE Index (.FBMMES.MY)$ trading volume slipped to 395.42 million shares worth RM127.40 million, indicating reduced speculative interest.
Technical Outlook and Market Sentiment
$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ is expected to remain in a sideways trading pattern between 1,590 and 1,610 in the near term. Historical data suggests a positive December trend, with 16 out of the past 20 years delivering gains. Investors are advised to focus on fundamentally strong blue-chip stocks, particularly those trading at attractive valuations.
$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ is expected to remain in a sideways trading pattern between 1,590 and 1,610 in the near term. Historical data suggests a positive December trend, with 16 out of the past 20 years delivering gains. Investors are advised to focus on fundamentally strong blue-chip stocks, particularly those trading at attractive valuations.
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Key Takeaways
Bursa Malaysia displayed resilience, supported by $Bursa Plantation (0025I.MY)$ sector gains, but broader market performance was weighed down by $Bursa Finance Services (0010I.MY)$ sector weakness and subdued investor sentiment. With December typically delivering positive returns, cautious optimism may drive selective buying in undervalued counters.
Key Takeaways
Bursa Malaysia displayed resilience, supported by $Bursa Plantation (0025I.MY)$ sector gains, but broader market performance was weighed down by $Bursa Finance Services (0010I.MY)$ sector weakness and subdued investor sentiment. With December typically delivering positive returns, cautious optimism may drive selective buying in undervalued counters.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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