Oil and Budget Uncertainty Keep Bursa Malaysia on the Defensive
Bursa Malaysia remained defensive before Budget 2027 as expensive oil, foreign selling and higher global yields constrained appetite for heavyweight shares.
Trusted Insights. Asian Perspective.
Bursa Malaysia remained defensive before Budget 2027 as expensive oil, foreign selling and higher global yields constrained appetite for heavyweight shares.
Handal Indah has received a non-binding LOI for a proposed Johor Bahru bus network role, with scope, value and terms still to be settled before formal acceptance.
Lim Seong Hai completes its Main Market transfer after progressing through LEAP and ACE, with recurring income and its 30% payout policy shaping the next phase.
The FBM KLCI held at 1,611.78 as investors weighed Budget 2027 expectations against higher global bond yields and pressure on heavyweight stocks.
Top Glove's FY2026 profit rebound strengthens its FY2027 base, although oversupply, energy costs and selling-price durability still divide investors.
PJBumi has received conditional Bursa approval for a one-for-five share split intended to lower its trading price and broaden market participation.
Scientex's Johor land purchase, CIMB's possible Philippines divestment and Samaiden's solar award put corporate execution and returns in focus.
Mesiniaga’s RM32.3 million MyGST maintenance contract runs for 24 months, supporting earnings visibility while requiring disciplined delivery and cash conversion.
Malaysia’s claim for RM314 million in unremitted JPJ collections has suspended two service agents and intensified scrutiny of cash controls and public-payment systems.
Malaysia’s benchmark gained 0.34% at midday with positive market breadth, but high US Treasury yields kept the regional technology-led rally in check.