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The Thinker wrote a post · Nov 25 00:23

FBM KLCI Climbs at Midday as Heavyweights Drive Gains

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Key banking stocks rise ahead of corporate earnings, boosting FBM KLCI by 14.9 points
Key banking stocks rise ahead of corporate earnings, boosting FBM KLCI by 14.9 points
$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ climbed 14.9 points, or 0.94%, to 1,604.68 by midday, reflecting strong buying interest in $Bursa Finance Services (0010I.MY)$ and $Bursa Utilities (0065I.MY)$ heavyweights. Banking stocks led the rally, with $MAYBANK (1155.MY)$ rising 18 sen to RM10.38, $CIMB (1023.MY)$ gaining 14 sen to RM8.36, and $HLBANK (5819.MY)$ adding 28 sen to RM20.76. The rally highlights investor optimism ahead of corporate earnings announcements.
Utilities Sector Adds Strength
$Bursa Utilities (0065I.MY)$ counters supported the index, with $TENAGA (5347.MY)$ climbing eight sen to RM14.08 and $YTLPOWR (6742.MY)$ surging 22 sen to RM3.12. These gains reflect investor confidence in the sector’s stability and earnings prospects, contributing significantly to the market’s positive momentum.
While the KLCI climbs, broader market sentiment remains cautious with decliners outpacing gainers
While the KLCI climbs, broader market sentiment remains cautious with decliners outpacing gainers
Mixed Broader Market Performance
Despite gains in the key index, the broader market remained subdued, with 487 decliners outpacing 389 gainers, and 461 counters unchanged. Total trading volume reached 1.49 billion shares worth RM1.21 billion. Active stocks such as $CNASIA (7986.MY)$, $YTL (4677.MY)$, and $MYEG (0138.MY)$ recorded mixed movements, indicating cautious investor sentiment in the broader market.

Regional Markets Show Mixed Sentiment
Regional markets offered mixed cues. Japan’s $Nikkei 225 (.N225.JP)$ rose by 1.37% amid strong industrial gains, while Singapore’s $FTSE Singapore Straits Time Index (.STI.SG)$ added 0.24%. In contrast, China’s $SSE Composite Index (000001.SH)$ fell 0.36% and Hong Kong’s $Hang Seng Index (800000.HK)$ slipped 0.51%, reflecting lingering concerns over tariff policies and geopolitical uncertainties.
FBM KLCI remains above 1,600 as investors anticipate corporate earnings and economic updates
FBM KLCI remains above 1,600 as investors anticipate corporate earnings and economic updates
Market Outlook: Stability Amid Earnings Focus
$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ rally suggests a positive start to the week, driven by optimism in heavyweight sectors. However, cautious sentiment in the broader market indicates that investors remain vigilant ahead of key earnings releases and global economic updates. The index is expected to consolidate above 1,600, with further gains depending on favorable earnings and external market trends.
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    The Thinker
    Chart the unknown, rule the game! Trader | Analyst | Hustler
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