Market Overview
On May 2, 2025, the FTSE Bursa Malaysia KLCI (FBM KLCI) ended at 1,542.49. It rose 0.15% or 2.27 points from 1,540.22 the day before. Trading data shows 2.73 billion units moved, valued at RM 2.48 billion. Additionally, 311 stocks gained, while 248 fell, signaling cautious optimism.
Key Movers and Shakers on Bursa Malaysia
Here’s a look at the top performers and decliners shaping the KLCI:
Top 10 Movers (FBM KLCI Constituents)
- Sunway Bhd: This stock climbed 5.27% to RM 4.79. Its market cap reached RM 29,818.0 million, boosted by strength in property and construction.
- IHH Healthcare Bhd: It gained 1.88%, closing at RM 7.050. This reflects steady interest in healthcare stocks.
- Petronas Dagangan Bhd: In contrast, this stock dropped 1.22% to RM 19.500 due to global oil price swings.
- Nestlé Malaysia Bhd: Meanwhile, it fell 0.78% to RM 86.240, likely from profit-taking after earlier gains.
Top 10 Active Stocks (Bursa Malaysia)
- Reach Energy Bhd: Investors traded 133.59 million shares. The stock closed at RM 0.020, with a market cap of RM 3,460.8 million.
- JAKS Resources Bhd: This stock rose 0.025 to RM 0.150. About 59.54 million shares changed hands, showing interest in construction.
Top 10 Gainers (Bursa Malaysia by Value)
- Malaysian Pacific Industries Bhd: It surged 7.80% to RM 19.500, up RM 1.410. Its market cap hit RM 3,888.3 million, likely due to a tech sector rebound.
- PMB Technology Bhd: This stock gained 4.040, reaching RM 4.550, showing strength in industrial products.
Top 10 Losers (Bursa Malaysia by Value)
- Nestlé Malaysia Bhd: As mentioned, it lost 0.78%, or RM 0.680, closing at RM 86.240. Its market cap stands at RM 20,223.3 million.
- Petronas Chemicals Group Bhd: This stock fell 2.50% to RM 3.420, reflecting challenges in the chemicals sector.
Policy Impacts and Market Context
Malaysian Developments
- Bursa Malaysia’s FY25 Goals: Bursa Malaysia targets a pre-tax profit of RM 369 million to RM 408 million. It also aims for 60 new listings worth RM 40.2 billion in market cap. These goals are lifting confidence, helping stocks like Sunway Bhd.
- Ringgit Weakness: The ringgit slipped to 4.5730 against the USD, down 0.0730 this year. A strong U.S. dollar, driven by fewer expected Federal Reserve rate cuts, is the cause.
Global Influences
- U.S. Tariff Pause: On April 9, 2025, U.S. President Donald Trump paused tariffs for 90 days. This move sparked relief, aiding stocks like Malaysian Pacific Industries Bhd in the tech sector.
- Trade Uncertainty: However, 26 weeks of foreign outflows have hit Malaysia hard. Export-heavy stocks like Petronas Chemicals Group Bhd are feeling the pressure.
Market Outlook
Support for the KLCI lies at 1,510–1,513, with resistance at 1,526 and 1,531. Despite a year-to-date drop of 6.86%, bargain hunting in stocks like Sunway Bhd offers hope. Investors should watch U.S. policy shifts and Malaysia’s trade responses, especially in export sectors.