FTSE Bursa Malaysia KLCI Index daily market statistics

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Daily Market Statistics
(at close of 21/10/2024)

 

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Overall market capitalisation and the FBMKLCI rose following optimism surrounding the announcement of the RM421 billion Budget 2025. The largest budget to date focuses on fiscal discipline, advancing the reform agenda, broadening the tax base, enhancing social support programs, and boosting infrastructure investments. Nine sectors recorded week-on-week gains, with the Property sector leading the expansion. Foreign funds also significantly rotated into Malaysian equities last week, particularly in the Financial Services sector. More insights at https://bit.ly/marketupdates18oct24

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Daily Market Statistics
(at close of 22/10/2024)

 

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The Malaysian equity space benefitted from a slew of positive drivers for the first nine months of 2024. This includes FDI in data centres, major infrastructure projects such as HSR, Penang LRT, MRT3, and the Johor-Singapore Special Economic Zone. Significant investments in the domestic economy injected substantial optimism into the Utilities, Construction, Property sectors.

In addition to government-led policies, the Financial Services sector rose on the back of loan growth and decent dividend yields.

Rhyming with the optimistic sentiment, REITs climbed following earnings recovery stemming from higher tourist arrivals and economic expansion, marking a 9.4% growth year-to-date. With their high dividend payout nature, REITs have become increasingly attractive to investors in an environment of interest rate trimming.

Could REITs continue to grow? More insights at https://bit.ly/markethighlights_23oct2024

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Daily Market Statistics
(at close of 23/10/2024)

 

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Daily Market Statistics
(at close of 24/10/2024)

 

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Daily Market Statistics
(at close of 25/10/2024)

 

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