M+ Global Market Update – 26Mar26
Markets Rebounded On De-Escalation Hopes
US: While markets turned bullish following reports that the US plans to propose a 15-point ceasefire plan to Iran, sentiment is expected to remain volatile in the near term given Iran’s persistent refusal to negotiate. Meanwhile, amid the ongoing CPU supply crunch, both Intel and AMD experienced breakouts yesterday, driven by higher Average Selling Prices (ASPs) and a strategic shift towards prioritising higher-margin server CPUs over consumer PC units. Finally, with media outlets reporting that SpaceX is seeking an IPO valuation as high as $2 trillion, buying interest has emerged in other space-related stocks such as the Destiny ETF and Rocket Lab, potentially leading to a sector-wide upward re-rating.
MY: As global markets turned slightly bullish amid developments in US-Iran tensions, sentiment for the FBM KLCI is expected to edge higher. However, should ceasefire efforts fail to reach a consensus and causing oil prices to remain elevated, we believe investors should position themselves early in technology counters. This thesis is supported by the fact that high oil prices drive persistent inflation in the US, prompting the Fed to remain hawkish. Thus, a stronger USD could benefit technology stocks such as UWC, INARI, and EG, allowing them to capitalise on both the robust growth in AI/semiconductors and favourable foreign exchange tailwinds.
Stocks to watch:
Technology: *CORAZA*, NE, *PIE*
Solar: PEKAT, *SLVEST*
O&G: GASMSIA, WASCO
Automotive: *BETA*
Steel: *CSCSTEL*
Construction: *MNHLDG*
Chemical: TMK
Plantation: JPG
**Source: M+ Global**
Markets Rebounded On De-Escalation Hopes
US: While markets turned bullish following reports that the US plans to propose a 15-point ceasefire plan to Iran, sentiment is expected to remain volatile in the near term given Iran’s persistent refusal to negotiate. Meanwhile, amid the ongoing CPU supply crunch, both Intel and AMD experienced breakouts yesterday, driven by higher Average Selling Prices (ASPs) and a strategic shift towards prioritising higher-margin server CPUs over consumer PC units. Finally, with media outlets reporting that SpaceX is seeking an IPO valuation as high as $2 trillion, buying interest has emerged in other space-related stocks such as the Destiny ETF and Rocket Lab, potentially leading to a sector-wide upward re-rating.
MY: As global markets turned slightly bullish amid developments in US-Iran tensions, sentiment for the FBM KLCI is expected to edge higher. However, should ceasefire efforts fail to reach a consensus and causing oil prices to remain elevated, we believe investors should position themselves early in technology counters. This thesis is supported by the fact that high oil prices drive persistent inflation in the US, prompting the Fed to remain hawkish. Thus, a stronger USD could benefit technology stocks such as UWC, INARI, and EG, allowing them to capitalise on both the robust growth in AI/semiconductors and favourable foreign exchange tailwinds.
Stocks to watch:
Technology: *CORAZA*, NE, *PIE*
Solar: PEKAT, *SLVEST*
O&G: GASMSIA, WASCO
Automotive: *BETA*
Steel: *CSCSTEL*
Construction: *MNHLDG*
Chemical: TMK
Plantation: JPG
**Source: M+ Global**
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M+ Global Market Wrap - 26Mar26
FBM KLCI: 1,710.89 pts (-5.79pts, -0.34%)
The FBMKLCI (-0.34%) closed lower at 1710.89pts following the weakening of the ringgit against the dollar amid the ongoing tensions in the Middle East. The market breadth was negative, with 574 losers against 483 winners. Sector wise, Energy (+2.66%) outperformed, led by DIALOG (+23.0sen) and VELESTO (+1.0sen) as the government announced lesser subsidy quota for Budi95 and higher unsubsidised petrol prices. At the market closing, Construction (-1.74%) is the sector that declined the most.
Top 3 Active stocks:
SUNMED (5555): RM2.290 (+17.0 sen)
ZETRIX (0138): RM0.740 (-1.0 sen)
DIALOG (7277): RM2.320 (+23.0sen)
Top 3 Gainer stocks:
KLK (2445): RM20.140 (+54.0 sen)
PCHEM (5183): RM5.800 (+34.0 sen)
PETDAG (5681): RM21.920 (+32.0 sen)
Top 3 Loser stocks:
HEIM (3255): RM22.740 (-30.0 sen)
BLDPLNT (5069): RM15.000 (-20.0 sen)
GAMUDA (5398): RM3.980 (-18.0 sen)
Volume: 3.01 bn (100-bar avg vol: 3.19 bn)
Value: RM3.15 bn (100-bar avg val: RM2.97 bn)
Market Breadth: ⬆️483 ⬇️574
Crude Palm Oil: RM4,496 (+RM76, +1.69%)
Dow Futures: 46,436 pts (-275 pts)
**Source: M+ Global, Bloomberg **
FBM KLCI: 1,710.89 pts (-5.79pts, -0.34%)
The FBMKLCI (-0.34%) closed lower at 1710.89pts following the weakening of the ringgit against the dollar amid the ongoing tensions in the Middle East. The market breadth was negative, with 574 losers against 483 winners. Sector wise, Energy (+2.66%) outperformed, led by DIALOG (+23.0sen) and VELESTO (+1.0sen) as the government announced lesser subsidy quota for Budi95 and higher unsubsidised petrol prices. At the market closing, Construction (-1.74%) is the sector that declined the most.
Top 3 Active stocks:
SUNMED (5555): RM2.290 (+17.0 sen)
ZETRIX (0138): RM0.740 (-1.0 sen)
DIALOG (7277): RM2.320 (+23.0sen)
Top 3 Gainer stocks:
KLK (2445): RM20.140 (+54.0 sen)
PCHEM (5183): RM5.800 (+34.0 sen)
PETDAG (5681): RM21.920 (+32.0 sen)
Top 3 Loser stocks:
HEIM (3255): RM22.740 (-30.0 sen)
BLDPLNT (5069): RM15.000 (-20.0 sen)
GAMUDA (5398): RM3.980 (-18.0 sen)
Volume: 3.01 bn (100-bar avg vol: 3.19 bn)
Value: RM3.15 bn (100-bar avg val: RM2.97 bn)
Market Breadth: ⬆️483 ⬇️574
Crude Palm Oil: RM4,496 (+RM76, +1.69%)
Dow Futures: 46,436 pts (-275 pts)
**Source: M+ Global, Bloomberg **
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M+ Morning Market Buzz - 27Mar26
Dow Jones: 45,960.11 pts (-469.38pts, -1.01%)
⬆️ Resistance: 47700
⬇️ Support: 44500
FBM KLCI: 1,710.89 pts (-5.79pts, -0.34%)
⬆️ Resistance: 1770
⬇️ Support: 1670
HSI Index: 24,856.43 pts (-479.52pts, -1.89%)
⬆️ Resistance: 26100
⬇️ Support: 23800
Crude Palm Oil: RM4,583 (+RM14, +0.31%)
⬆️ Resistance: 4690
⬇️ Support: 4390
Brent Oil: $108.01 (+$5.79, +5.66%)
⬆️ Resistance: 116.80
⬇️ Support: 94.10
Gold: $4,376.11 (+$30.84, +0.71%)
⬆️ Resistance: 4840
⬇️ Support: 4020
Source: Bloomberg, M+ Global
Dow Jones: 45,960.11 pts (-469.38pts, -1.01%)
⬆️ Resistance: 47700
⬇️ Support: 44500
FBM KLCI: 1,710.89 pts (-5.79pts, -0.34%)
⬆️ Resistance: 1770
⬇️ Support: 1670
HSI Index: 24,856.43 pts (-479.52pts, -1.89%)
⬆️ Resistance: 26100
⬇️ Support: 23800
Crude Palm Oil: RM4,583 (+RM14, +0.31%)
⬆️ Resistance: 4690
⬇️ Support: 4390
Brent Oil: $108.01 (+$5.79, +5.66%)
⬆️ Resistance: 116.80
⬇️ Support: 94.10
Gold: $4,376.11 (+$30.84, +0.71%)
⬆️ Resistance: 4840
⬇️ Support: 4020
Source: Bloomberg, M+ Global
👏2
M+ Global Market Update – 27Mar26
Wall Street Remains Weak Despite Peace Talks
US: As Wall Street continues to exhibit a seesaw trading pattern, with investors reacting to conflicting news from the Middle East, we expect market volatility to persist in the near term. We reiterate our stance to reduce market exposure and maintain healthy cash levels to deploy once clarity improves. Meanwhile, we view the pullback in Applied Materials favourably, as the surge in High Bandwidth Memory (HBM) demand requires 3–4x more specialised equipment than standard memory. Lastly, traders may consider positioning in Eaton Corporation, supported by grid modernisation tailwinds and an $11bn order backlog.
MY: Closer to home, in view of the negative sentiment on Wall Street, we expect the local bourse to follow suit. Meanwhile, we remain optimistic about MNHLDG following its two recent contract wins, valued at a combined RM245.4m, to construct Cable Landing Station (CLS) facilities for two separate data centres. This brings its total order book to a record RM1.3bn, representing 2.4x its FY25 revenue. We anticipate stronger billings for MNHLDG moving forward, underpinned by the data centre boom and Tenaga’s grid upgrades. Finally, given the rise in the Plantation Index, traders may continue to seek opportunities in SDG and TSH amid rising CPO prices as we believe it has high correlation with the Brent oil price.
Stocks to watch:
O&G: *DIALOG*, *GASMSIA*, *WASCO*
Plantation: JTIASA, THPLANT, *TSH*
Technology: INARI, *KGB*
Construction: MNHLDG, *SUNCON*
Healthcare: *LACMED*
Chemical: *SAMCHEM*
**Source: M+ Global**
Wall Street Remains Weak Despite Peace Talks
US: As Wall Street continues to exhibit a seesaw trading pattern, with investors reacting to conflicting news from the Middle East, we expect market volatility to persist in the near term. We reiterate our stance to reduce market exposure and maintain healthy cash levels to deploy once clarity improves. Meanwhile, we view the pullback in Applied Materials favourably, as the surge in High Bandwidth Memory (HBM) demand requires 3–4x more specialised equipment than standard memory. Lastly, traders may consider positioning in Eaton Corporation, supported by grid modernisation tailwinds and an $11bn order backlog.
MY: Closer to home, in view of the negative sentiment on Wall Street, we expect the local bourse to follow suit. Meanwhile, we remain optimistic about MNHLDG following its two recent contract wins, valued at a combined RM245.4m, to construct Cable Landing Station (CLS) facilities for two separate data centres. This brings its total order book to a record RM1.3bn, representing 2.4x its FY25 revenue. We anticipate stronger billings for MNHLDG moving forward, underpinned by the data centre boom and Tenaga’s grid upgrades. Finally, given the rise in the Plantation Index, traders may continue to seek opportunities in SDG and TSH amid rising CPO prices as we believe it has high correlation with the Brent oil price.
Stocks to watch:
O&G: *DIALOG*, *GASMSIA*, *WASCO*
Plantation: JTIASA, THPLANT, *TSH*
Technology: INARI, *KGB*
Construction: MNHLDG, *SUNCON*
Healthcare: *LACMED*
Chemical: *SAMCHEM*
**Source: M+ Global**
👍1
M+ Global Market Wrap - 27Mar26
FBM KLCI: 1,712.65 pts (+1.76pts, +0.10%)
The FBMKLCI (+0.10%) closed higher at 1712.65pts following President Trump's 10-day deadline push back for striking Iran's energy infrastructures. The market breadth however was negative, with 607 losers against 413 winners. Sector wise, Healthcare (+1.41%) outperformed, led by IHH (+3.0sen) and TOPGLOV (+2.0sen) while Telecommunications & Media (-1.14%) declined the most.
Top 3 Active stocks:
VS (6963): RM0.235 (-5.0 sen)
SUNMED (5555): RM2.370 (+8.0 sen)
ZETRIX (0138): RM0.735 (-0.5sen)
Top 3 Gainer stocks:
NESTLE (4707): RM99.060 (+106.0 sen)
F&N (3689): RM30.760 (+106.0 sen)
PETGAS (6033): RM18.420 (+80.0 sen)
Top 3 Loser stocks:
MEGAFB (5327): RM0.765 (-23.5 sen)
HLBANK (5819): RM22.300 (-20.0 sen)
UWC (5292): RM4.080 (-16.0 sen)
Volume: 2.98 bn (100-bar avg vol: 3.19 bn)
Value: RM3.25 bn (100-bar avg val: RM2.97 bn)
Market Breadth: ⬆️413 ⬇️607
Crude Palm Oil: RM4,583 (+RM57, +1.24%)
Dow Futures: 46,206 pts (-24 pts)
**Source: M+ Global, Bloomberg **
FBM KLCI: 1,712.65 pts (+1.76pts, +0.10%)
The FBMKLCI (+0.10%) closed higher at 1712.65pts following President Trump's 10-day deadline push back for striking Iran's energy infrastructures. The market breadth however was negative, with 607 losers against 413 winners. Sector wise, Healthcare (+1.41%) outperformed, led by IHH (+3.0sen) and TOPGLOV (+2.0sen) while Telecommunications & Media (-1.14%) declined the most.
Top 3 Active stocks:
VS (6963): RM0.235 (-5.0 sen)
SUNMED (5555): RM2.370 (+8.0 sen)
ZETRIX (0138): RM0.735 (-0.5sen)
Top 3 Gainer stocks:
NESTLE (4707): RM99.060 (+106.0 sen)
F&N (3689): RM30.760 (+106.0 sen)
PETGAS (6033): RM18.420 (+80.0 sen)
Top 3 Loser stocks:
MEGAFB (5327): RM0.765 (-23.5 sen)
HLBANK (5819): RM22.300 (-20.0 sen)
UWC (5292): RM4.080 (-16.0 sen)
Volume: 2.98 bn (100-bar avg vol: 3.19 bn)
Value: RM3.25 bn (100-bar avg val: RM2.97 bn)
Market Breadth: ⬆️413 ⬇️607
Crude Palm Oil: RM4,583 (+RM57, +1.24%)
Dow Futures: 46,206 pts (-24 pts)
**Source: M+ Global, Bloomberg **
😁2
M+ Morning Market Buzz - 30Mar26
Dow Jones: 45,166.64 pts (-793.47pts, -1.73%)
⬆️ Resistance: 47700
⬇️ Support: 44200
FBM KLCI: 1,712.65 pts (+1.76pts, +0.10%)
⬆️ Resistance: 1770
⬇️ Support: 1670
HSI Index: 24,951.88 pts (+95.45pts, +0.38%)
⬆️ Resistance: 25900
⬇️ Support: 23800
Crude Palm Oil: RM4,631 (+RM48, +1.05%)
⬆️ Resistance: 4750
⬇️ Support: 4390
Brent Oil: $112.57 (+$2.76, +2.45%)
⬆️ Resistance: 117.20
⬇️ Support: 94.10
Gold: $4,494.09 (-$3.03, -0.07%)
⬆️ Resistance: 4700
⬇️ Support: 4020
Source: Bloomberg, M+ Global
Dow Jones: 45,166.64 pts (-793.47pts, -1.73%)
⬆️ Resistance: 47700
⬇️ Support: 44200
FBM KLCI: 1,712.65 pts (+1.76pts, +0.10%)
⬆️ Resistance: 1770
⬇️ Support: 1670
HSI Index: 24,951.88 pts (+95.45pts, +0.38%)
⬆️ Resistance: 25900
⬇️ Support: 23800
Crude Palm Oil: RM4,631 (+RM48, +1.05%)
⬆️ Resistance: 4750
⬇️ Support: 4390
Brent Oil: $112.57 (+$2.76, +2.45%)
⬆️ Resistance: 117.20
⬇️ Support: 94.10
Gold: $4,494.09 (-$3.03, -0.07%)
⬆️ Resistance: 4700
⬇️ Support: 4020
Source: Bloomberg, M+ Global
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M+ Global Market Update – 30Mar26
Selling Pressure Likely To Persist
US: With little progress towards de-escalating Middle East tensions, risk-off sentiment is likely to persist, at least in the near term. However, we reiterate our stance that gold remains an effective portfolio hedge, particularly as higher energy prices raise concerns regarding slower global economic growth. The hefty sell-offs within memory-related stocks should be viewed as a 'buy-on-weakness' opportunity; we believe the memory industry is a key gating factor for the scale of AI capital expenditure. We maintain the view that Micron is solidly positioned within the AI supply chain, underpinned by its low-power DRAM for server racks.
MY: Closer to home, selling pressure from Wall Street is expected to spill over into the local bourse. However, we remain optimistic about BNASTRA following its robust earnings results, supported by a sizeable order book of approximately RM7.1bn, representing an order book coverage ratio of 4.1x, coupled with its diversified revenue portfolio. Also, we anticipate buying interest to resurface for downstream data centre proxies such as MNHLDG, following recent project wins and its strong positioning to leverage TENAGA’s ongoing capex rollout, which is expected to extend until the year-end. Furthermore, positive developments within the national utilities sector should continue to provide a healthy project pipeline.
Stocks to watch:
Construction: *KTI*, SUNCON
Plantation: *THPLANT*, *TSH*
Healthcare: *LACMED*, *HARTA*
Property: HKB, IOIPG
Chemical: *PCHEM*
O&G: HIBISCS
Plantation: IOICORP
**Source: M+ Global**
Selling Pressure Likely To Persist
US: With little progress towards de-escalating Middle East tensions, risk-off sentiment is likely to persist, at least in the near term. However, we reiterate our stance that gold remains an effective portfolio hedge, particularly as higher energy prices raise concerns regarding slower global economic growth. The hefty sell-offs within memory-related stocks should be viewed as a 'buy-on-weakness' opportunity; we believe the memory industry is a key gating factor for the scale of AI capital expenditure. We maintain the view that Micron is solidly positioned within the AI supply chain, underpinned by its low-power DRAM for server racks.
MY: Closer to home, selling pressure from Wall Street is expected to spill over into the local bourse. However, we remain optimistic about BNASTRA following its robust earnings results, supported by a sizeable order book of approximately RM7.1bn, representing an order book coverage ratio of 4.1x, coupled with its diversified revenue portfolio. Also, we anticipate buying interest to resurface for downstream data centre proxies such as MNHLDG, following recent project wins and its strong positioning to leverage TENAGA’s ongoing capex rollout, which is expected to extend until the year-end. Furthermore, positive developments within the national utilities sector should continue to provide a healthy project pipeline.
Stocks to watch:
Construction: *KTI*, SUNCON
Plantation: *THPLANT*, *TSH*
Healthcare: *LACMED*, *HARTA*
Property: HKB, IOIPG
Chemical: *PCHEM*
O&G: HIBISCS
Plantation: IOICORP
**Source: M+ Global**
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Good Morning All,
Here’s our IPO note on Empire Premium Food Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
We assign a fair value of RM0.93 per share for EMPIRE, indicating a 32.9% upside from the IPO price of RM0.70. This valuation is based on a P/E multiple of 21.0x pegged to FY27f EPS of 4.42 sen.
Investment highlights include:
(i) Leading market position in the Malaysian sushi chain segment
(ii) Strategic presence in high-traffic retail hubs
(iii) Aggressive outlets expansion
(iv) Scalable and replicable business model
(v) Proven track record with a core Halal competitive moat
(vi) Short payback period to reduce gestation period
Research Team, M+
30 Mar 2026
Here’s our IPO note on Empire Premium Food Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
We assign a fair value of RM0.93 per share for EMPIRE, indicating a 32.9% upside from the IPO price of RM0.70. This valuation is based on a P/E multiple of 21.0x pegged to FY27f EPS of 4.42 sen.
Investment highlights include:
(i) Leading market position in the Malaysian sushi chain segment
(ii) Strategic presence in high-traffic retail hubs
(iii) Aggressive outlets expansion
(iv) Scalable and replicable business model
(v) Proven track record with a core Halal competitive moat
(vi) Short payback period to reduce gestation period
Research Team, M+
30 Mar 2026
👍3
M+ Global Market Wrap - 30Mar26
FBM KLCI: 1,687.90 pts (-24.75pts, -1.45%)
The FBMKLCI (-1.45%) closed higher at 1687.90pts following the entry of the Iran-backed Houthis, escalating the war in Iran. The market breadth was negative, with 956 losers against 317 winners. Sector wise, Plantation (+3.58%) outperformed as CPO prices surged above RM4,750 zone, led by SDG (+29.0sen) and KLK (+136.0sen) while Construction (-4.75%) declined the most.
Top 3 Active stocks:
SUNMED (5555): RM2.09 (-28.0 sen)
TOPGLOV (7113): RM0.630 (+6.0 sen)
ZETRIX (0138): RM0.755 (+0.2sen)
Top 3 Gainer stocks:
BKAWAN (1899): RM21.30 (+154.0 sen)
KLK (2445): RM21.48 (+136.0 sen)
PMETAL (8869): RM8.09 (+48.0 sen)
Top 3 Loser stocks:
F&N (3689): RM30.00 (-76.0 sen)
MPI (3867): RM28.32 (-68.0 sen)
HLFG (1082): RM18.90 (-50.0 sen)
Volume: 3.98 bn (100-bar avg vol: 3.19 bn)
Value: RM4.85 bn (100-bar avg val: RM2.98 bn)
Market Breadth: ⬆️371 ⬇️956
Crude Palm Oil: RM4,631 (+RM137, +2.96%)
Dow Futures: 45,616 pts (+192 pts)
**Source: M+ Global, Bloomberg **
FBM KLCI: 1,687.90 pts (-24.75pts, -1.45%)
The FBMKLCI (-1.45%) closed higher at 1687.90pts following the entry of the Iran-backed Houthis, escalating the war in Iran. The market breadth was negative, with 956 losers against 317 winners. Sector wise, Plantation (+3.58%) outperformed as CPO prices surged above RM4,750 zone, led by SDG (+29.0sen) and KLK (+136.0sen) while Construction (-4.75%) declined the most.
Top 3 Active stocks:
SUNMED (5555): RM2.09 (-28.0 sen)
TOPGLOV (7113): RM0.630 (+6.0 sen)
ZETRIX (0138): RM0.755 (+0.2sen)
Top 3 Gainer stocks:
BKAWAN (1899): RM21.30 (+154.0 sen)
KLK (2445): RM21.48 (+136.0 sen)
PMETAL (8869): RM8.09 (+48.0 sen)
Top 3 Loser stocks:
F&N (3689): RM30.00 (-76.0 sen)
MPI (3867): RM28.32 (-68.0 sen)
HLFG (1082): RM18.90 (-50.0 sen)
Volume: 3.98 bn (100-bar avg vol: 3.19 bn)
Value: RM4.85 bn (100-bar avg val: RM2.98 bn)
Market Breadth: ⬆️371 ⬇️956
Crude Palm Oil: RM4,631 (+RM137, +2.96%)
Dow Futures: 45,616 pts (+192 pts)
**Source: M+ Global, Bloomberg **
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M+ Morning Market Buzz - 31Mar26
Dow Jones: 45,216.14 pts (+49.50pts, +0.11%)
⬆️ Resistance: 47700
⬇️ Support: 44200
FBM KLCI: 1,687.90 pts (-24.75pts, -1.45%)
⬆️ Resistance: 1770
⬇️ Support: 1650
HSI Index: 24,750.79 pts (-201.09pts, -0.81%)
⬆️ Resistance: 25900
⬇️ Support: 24000
Crude Palm Oil: RM4,772 (+RM28, +0.59%)
⬆️ Resistance: 4890
⬇️ Support: 4390
Brent Oil: $112.78 (+$0.21, +0.19%)
⬆️ Resistance: 119.30
⬇️ Support: 95.30
Gold: $4,510.92 (-$2.82, -0.06%)
⬆️ Resistance: 4700
⬇️ Support: 4230
Source: Bloomberg, M+ Global
Dow Jones: 45,216.14 pts (+49.50pts, +0.11%)
⬆️ Resistance: 47700
⬇️ Support: 44200
FBM KLCI: 1,687.90 pts (-24.75pts, -1.45%)
⬆️ Resistance: 1770
⬇️ Support: 1650
HSI Index: 24,750.79 pts (-201.09pts, -0.81%)
⬆️ Resistance: 25900
⬇️ Support: 24000
Crude Palm Oil: RM4,772 (+RM28, +0.59%)
⬆️ Resistance: 4890
⬇️ Support: 4390
Brent Oil: $112.78 (+$0.21, +0.19%)
⬆️ Resistance: 119.30
⬇️ Support: 95.30
Gold: $4,510.92 (-$2.82, -0.06%)
⬆️ Resistance: 4700
⬇️ Support: 4230
Source: Bloomberg, M+ Global
😁2
M+ Global Market Update – 31Mar26
Negative Sentiment Expected to Linger
US: The risk-off trade continued on Monday, led by declines in the NASDAQ (-0.73%) and the S&P 500 (-0.33%). Brent crude oil was up (+1.49%) at the time of writing, rising above $105/bbl. Overall, we are of the view that market participants are increasingly pricing in the prospect of a protracted conflict and disruptions to energy supplies, despite Trump’s deferment of the threat to destroy Iran’s power infrastructure. Moreover, the correction in memory stocks does not signal a peak, in our view; instead, the narrative is likely to shift towards a more sustainable pace for DRAM and HBM4 price spikes. While it is difficult to pinpoint the exact inflection point, we believe the correction offers a favourable risk-return profile to investors.
MY: Closer to home, the prospects of a longer-lived conflict and energy supply disruptions may yield favourable Average Selling Prices (ASPs) for energy and chemical players such as HIBISCS, DIALOG, and PCHEM, especially given the lack of progress in de-escalating shipment issues through the Strait of Hormuz. Moreover, we believe Malaysian glove manufacturers are showing a gradual improvement in their fundamentals. The Nitrile Butadiene Rubber (NBR) supply disruptions caused by Middle Eastern tensions may normalise global glove supply, providing an upside opportunity for earnings moving forward.
Stocks to watch:
Plantation: *CRPMATE*, MHC, *THPLANT*
Aluminium: *LBALUM*, PMETAL
Chemical: *SAMCHEM*, TMK
O&G: *HAWK*
Renewable Energy: *GENERGY*
Healthcare: HARTA
**Source: M+ Global**
Negative Sentiment Expected to Linger
US: The risk-off trade continued on Monday, led by declines in the NASDAQ (-0.73%) and the S&P 500 (-0.33%). Brent crude oil was up (+1.49%) at the time of writing, rising above $105/bbl. Overall, we are of the view that market participants are increasingly pricing in the prospect of a protracted conflict and disruptions to energy supplies, despite Trump’s deferment of the threat to destroy Iran’s power infrastructure. Moreover, the correction in memory stocks does not signal a peak, in our view; instead, the narrative is likely to shift towards a more sustainable pace for DRAM and HBM4 price spikes. While it is difficult to pinpoint the exact inflection point, we believe the correction offers a favourable risk-return profile to investors.
MY: Closer to home, the prospects of a longer-lived conflict and energy supply disruptions may yield favourable Average Selling Prices (ASPs) for energy and chemical players such as HIBISCS, DIALOG, and PCHEM, especially given the lack of progress in de-escalating shipment issues through the Strait of Hormuz. Moreover, we believe Malaysian glove manufacturers are showing a gradual improvement in their fundamentals. The Nitrile Butadiene Rubber (NBR) supply disruptions caused by Middle Eastern tensions may normalise global glove supply, providing an upside opportunity for earnings moving forward.
Stocks to watch:
Plantation: *CRPMATE*, MHC, *THPLANT*
Aluminium: *LBALUM*, PMETAL
Chemical: *SAMCHEM*, TMK
O&G: *HAWK*
Renewable Energy: *GENERGY*
Healthcare: HARTA
**Source: M+ Global**
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FBM KLCI: 1,690.36 pts (+2.46pts, +0.15%)
The FBMKLCI (+0.15%) closed higher at 1690.36pts as reports about President Trump's willingness to end the war in Iran even with the Strait of Hormuz closed, which eased investor sentiment. The market breadth was positive, with 546 winners against 512 losers. Sector wise, Healthcare (+3.07%) outperformed, led by IHH (+8.0sen) and TOPGLOV (+6.0sen), while Construction (-1.64%) declined the most.
Top 3 Active stocks:
TOPGLOV (7113): RM0.690 (+6.0 sen)
SUNMED (5555): RM2.00 (-9.0 sen)
ZETRIX (0138): RM0.740 (-1.5sen)
Top 3 Gainer stocks:
MPI (3867): RM28.78 (+46.0 sen)
UTDPLT (2089): RM34.00 (+40.0 sen)
PPB (4065): RM12.00 (+34.0 sen)
Top 3 Loser stocks:
SUNCON (5263): RM6.37 (-48.0 sen)
SUNWAY (5211): RM4.80 (-40.0 sen)
PETDAG (5681): RM21.84 (-32.0 sen)
Volume: 3.65 bn (100-bar avg vol: 3.20 bn)
Value: RM3.97 bn (100-bar avg val: RM3.00 bn)
Market Breadth: ⬆️546 ⬇️512
Crude Palm Oil: RM4,772 (+RM26, +0.54%)
Dow Futures: 45,854 pts (+389 pts)
**Source: M+ Global, Bloomberg **
The FBMKLCI (+0.15%) closed higher at 1690.36pts as reports about President Trump's willingness to end the war in Iran even with the Strait of Hormuz closed, which eased investor sentiment. The market breadth was positive, with 546 winners against 512 losers. Sector wise, Healthcare (+3.07%) outperformed, led by IHH (+8.0sen) and TOPGLOV (+6.0sen), while Construction (-1.64%) declined the most.
Top 3 Active stocks:
TOPGLOV (7113): RM0.690 (+6.0 sen)
SUNMED (5555): RM2.00 (-9.0 sen)
ZETRIX (0138): RM0.740 (-1.5sen)
Top 3 Gainer stocks:
MPI (3867): RM28.78 (+46.0 sen)
UTDPLT (2089): RM34.00 (+40.0 sen)
PPB (4065): RM12.00 (+34.0 sen)
Top 3 Loser stocks:
SUNCON (5263): RM6.37 (-48.0 sen)
SUNWAY (5211): RM4.80 (-40.0 sen)
PETDAG (5681): RM21.84 (-32.0 sen)
Volume: 3.65 bn (100-bar avg vol: 3.20 bn)
Value: RM3.97 bn (100-bar avg val: RM3.00 bn)
Market Breadth: ⬆️546 ⬇️512
Crude Palm Oil: RM4,772 (+RM26, +0.54%)
Dow Futures: 45,854 pts (+389 pts)
**Source: M+ Global, Bloomberg **
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M+ Global Market Update – 01Apr26
Buying Interest Expected To Be Short-Lived
US: Market sentiment turned breather on Tuesday, following Trump’s progress towards de-escalating tensions despite losing the Strait of Hormuz stake, on the heels of the deferment of threats against Iran’s power infrastructure. Nonetheless, we expect the sentiment to be short-lived, given Iran’s persistent refusal to negotiate. While the latter may push headline inflation higher in the near term, Powell’s remarks, alongside Williams’ emphasis on current uncertainty, suggest the Federal Reserve still maintains a wait-and-see approach regarding further monetary tightening. Meanwhile, this may create short-term buying opportunities in AI-themed stocks.
MY: Closer to home, we expect that elevated crude oil prices and ongoing US-Iran tensions may contribute to energy supply disruptions, translating to favourable ASPs for energy and chemical players. However, this could provide near-term headwinds for glove manufacturers, as nitrile glove materials are closely tied to crude oil inventory. For a more conservative play, we believe LACMED stands as the best candidate, given its sweet spot to leverage government aims to improve medical tourism through 2030, while its recurring income segment should de-risk earnings volatility in the medium term.
Stocks to watch:
Consumer: *BAUTO*, LHI
Utility: *YTL*, YTLPOWR
Chemical: CRPMATE, *TMK*
O&G: *ARMADA*
Plantation: *UTDPLT*
Property: *KTI*
Financial: BIMB
Technology: CORAZA
**Source: M+ Global**
Buying Interest Expected To Be Short-Lived
US: Market sentiment turned breather on Tuesday, following Trump’s progress towards de-escalating tensions despite losing the Strait of Hormuz stake, on the heels of the deferment of threats against Iran’s power infrastructure. Nonetheless, we expect the sentiment to be short-lived, given Iran’s persistent refusal to negotiate. While the latter may push headline inflation higher in the near term, Powell’s remarks, alongside Williams’ emphasis on current uncertainty, suggest the Federal Reserve still maintains a wait-and-see approach regarding further monetary tightening. Meanwhile, this may create short-term buying opportunities in AI-themed stocks.
MY: Closer to home, we expect that elevated crude oil prices and ongoing US-Iran tensions may contribute to energy supply disruptions, translating to favourable ASPs for energy and chemical players. However, this could provide near-term headwinds for glove manufacturers, as nitrile glove materials are closely tied to crude oil inventory. For a more conservative play, we believe LACMED stands as the best candidate, given its sweet spot to leverage government aims to improve medical tourism through 2030, while its recurring income segment should de-risk earnings volatility in the medium term.
Stocks to watch:
Consumer: *BAUTO*, LHI
Utility: *YTL*, YTLPOWR
Chemical: CRPMATE, *TMK*
O&G: *ARMADA*
Plantation: *UTDPLT*
Property: *KTI*
Financial: BIMB
Technology: CORAZA
**Source: M+ Global**
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M+ Morning Market Buzz - 1Apr26
Dow Jones: 46,341.51 pts (+1125.37pts, +2.49%)
⬆️ Resistance: 47700
⬇️ Support: 44200
FBM KLCI: 1,690.36 pts (+2.46pts, +0.15%)
⬆️ Resistance: 1770
⬇️ Support: 1650
HSI Index: 24,788.14 pts (+37.35pts, +0.15%)
⬆️ Resistance: 25900
⬇️ Support: 24000
Crude Palm Oil: RM4,828 (+RM75, +1.55%)
⬆️ Resistance: 4930
⬇️ Support: 4390
Brent Oil: $103.97 (+$0.43, +0.41%)
⬆️ Resistance: 121.70
⬇️ Support: 95.30
Gold: $4,668.06 (+$43.06, +0.92%)
⬆️ Resistance: 4790
⬇️ Support: 4270
Source: Bloomberg, M+ Global
Dow Jones: 46,341.51 pts (+1125.37pts, +2.49%)
⬆️ Resistance: 47700
⬇️ Support: 44200
FBM KLCI: 1,690.36 pts (+2.46pts, +0.15%)
⬆️ Resistance: 1770
⬇️ Support: 1650
HSI Index: 24,788.14 pts (+37.35pts, +0.15%)
⬆️ Resistance: 25900
⬇️ Support: 24000
Crude Palm Oil: RM4,828 (+RM75, +1.55%)
⬆️ Resistance: 4930
⬇️ Support: 4390
Brent Oil: $103.97 (+$0.43, +0.41%)
⬆️ Resistance: 121.70
⬇️ Support: 95.30
Gold: $4,668.06 (+$43.06, +0.92%)
⬆️ Resistance: 4790
⬇️ Support: 4270
Source: Bloomberg, M+ Global
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Good Morning All,
Here’s our IPO note on MTT Shipping & Logistics Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
We assign a fair value of RM1.45 per share for MTTSL, indicating a 40.8% upside from the IPO price of RM1.03. This valuation is based on a PE multiple of 11.0x, pegged to mid-FY27F EPS of 13.18 sen.
Investment highlights include:
(i) Largest and youngest Malaysian-flagged fleet
(ii) Strategic infrastructure expansion via IFFs
(iii) Diversifying into the chemical tanker segment
(iv) Fleet and operations continue to expand
(v) Dominant market position in the Malaysian cabotage industry
Research Team, M+
1 Apr 2026
Here’s our IPO note on MTT Shipping & Logistics Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
We assign a fair value of RM1.45 per share for MTTSL, indicating a 40.8% upside from the IPO price of RM1.03. This valuation is based on a PE multiple of 11.0x, pegged to mid-FY27F EPS of 13.18 sen.
Investment highlights include:
(i) Largest and youngest Malaysian-flagged fleet
(ii) Strategic infrastructure expansion via IFFs
(iii) Diversifying into the chemical tanker segment
(iv) Fleet and operations continue to expand
(v) Dominant market position in the Malaysian cabotage industry
Research Team, M+
1 Apr 2026
M+ Global Market Wrap - 1Apr26
FBM KLCI: 1,708.90 pts (+18.54pts, +1.10%)
The FBM KLCI gained 1.10% to close at 1,708.90 points, buoyed by improving market sentiment as hopes grew for an end to the conflict in Iran. The market breadth was positive, with 780 winners against 444 losers. Sector wise, Technology (+3.31%) outperformed, led by INARI (+10.0sen) and GREATEC (+11.0sen), while Transportation & Logistics (-1.01%) declined the most.
Top 3 Active stocks:
VS (6963): RM0.200 (-0.5 sen)
ZETRIX (0138): RM0.755 (+1.5 sen)
AAX (5238): RM1.21 (+10.0sen)
Top 3 Gainer stocks:
NESTLE (4707): RM100.70 (+158.0 sen)
MPI (3867): RM29.96 (+118.0 sen)
UTDPLT (2089): RM34.80 (+80.0 sen)
Top 3 Loser stocks:
PCHEM (5183): RM5.40 (-67.0 sen)
MISC (3816): RM8.20 (-24.0 sen)
KLCC (5235SS): RM8.82 (-24.0 sen)
Volume: 3.58 bn (100-bar avg vol: 3.20 bn)
Value: RM3.56 bn (100-bar avg val: RM3.01 bn)
Market Breadth: ⬆️780 ⬇️444
Crude Palm Oil: RM4,828 (-RM59, -1.22%)
Dow Futures: 46,804 pts (+222 pts)
**Source: M+ Global, Bloomberg **
FBM KLCI: 1,708.90 pts (+18.54pts, +1.10%)
The FBM KLCI gained 1.10% to close at 1,708.90 points, buoyed by improving market sentiment as hopes grew for an end to the conflict in Iran. The market breadth was positive, with 780 winners against 444 losers. Sector wise, Technology (+3.31%) outperformed, led by INARI (+10.0sen) and GREATEC (+11.0sen), while Transportation & Logistics (-1.01%) declined the most.
Top 3 Active stocks:
VS (6963): RM0.200 (-0.5 sen)
ZETRIX (0138): RM0.755 (+1.5 sen)
AAX (5238): RM1.21 (+10.0sen)
Top 3 Gainer stocks:
NESTLE (4707): RM100.70 (+158.0 sen)
MPI (3867): RM29.96 (+118.0 sen)
UTDPLT (2089): RM34.80 (+80.0 sen)
Top 3 Loser stocks:
PCHEM (5183): RM5.40 (-67.0 sen)
MISC (3816): RM8.20 (-24.0 sen)
KLCC (5235SS): RM8.82 (-24.0 sen)
Volume: 3.58 bn (100-bar avg vol: 3.20 bn)
Value: RM3.56 bn (100-bar avg val: RM3.01 bn)
Market Breadth: ⬆️780 ⬇️444
Crude Palm Oil: RM4,828 (-RM59, -1.22%)
Dow Futures: 46,804 pts (+222 pts)
**Source: M+ Global, Bloomberg **
😁1
Good evening all,
After attending the HI Mobility Berhad 4QFY26 results briefing, here is our quick take for investors:
Investment Highlights:
📌 Strategic Vertical Integration. HI is evolving from a pure-play bus operator into a "Smart Mobility" powerhouse through the RM82.53m acquisition of Acacia Motor Services (Assembly & Maintenance) and Handal BCM (Distribution) . This allows the group to control the full value chain—from vehicle importation and distribution to assembly and maintenance.
👉🏻 This allows HI to lower their own fleet maintenance costs, while sell buses and maintenance services to other transport companies.
📌 Strong orderbook. The group’s orderbook surged to RM360.0m as of Jan 2026, mainly anchored by the Muafakat Johor initiative. HI is also expanding through new deployments in Sabah for leasing and system support, alongside a pioneer Autonomous Bus contract (the first in Malaysia) for tourist routes in Johor.
📌 Immunity to Diesel Hikes. As a scheduled bus service provider, 98% of HI’s fleet is fully covered by diesel subsidies, meaning bottom-line impact from fuel price adjustments is negligible. Conversely, any rise in private vehicle costs (like the recent Singapore VEP hike) acts as a catalyst, driving more commuters toward HI's cross-border and local services.
M+ Global View:
📌 We view the RTS Link shuttle and feeder service as the "crown jewel" catalyst for HI. This project is expected to triple the size of the group’s SBST operations and potentially double their fleet size to meet massive commuter demand between Johor and Singapore.
📌 The acquisition of Acacia and Handal BCM allow HI to scale beyond Johor while focusing on the distribution, assembly and maintenance of EVs to capture the country's shift away from diesel. HI is expected to target more Chinese commercial EVs for this, while also lower their own maintenance cost.
📌 Despite higher setup costs for the SBST Johor Bahru 2025 contract, FY26 PAT jumped 29.0% YoY to RM56.5m. We expect margins to remain steady around 16% and above as the group continues to focus on gross cost government contracts, coupled with the expected continuation of a lower effective tax rate of ~15% together with capital allowances. Meanwhile, HI also reduced its net gearing ratio to just 0.2x (down from 0.9x last year).
📌 Hence, given HI's solid fundamentals & potential outlook, we view HI as an opportunity for partial accumulation before it reflects its value again
M+ Research
1Apr26
After attending the HI Mobility Berhad 4QFY26 results briefing, here is our quick take for investors:
Investment Highlights:
📌 Strategic Vertical Integration. HI is evolving from a pure-play bus operator into a "Smart Mobility" powerhouse through the RM82.53m acquisition of Acacia Motor Services (Assembly & Maintenance) and Handal BCM (Distribution) . This allows the group to control the full value chain—from vehicle importation and distribution to assembly and maintenance.
👉🏻 This allows HI to lower their own fleet maintenance costs, while sell buses and maintenance services to other transport companies.
📌 Strong orderbook. The group’s orderbook surged to RM360.0m as of Jan 2026, mainly anchored by the Muafakat Johor initiative. HI is also expanding through new deployments in Sabah for leasing and system support, alongside a pioneer Autonomous Bus contract (the first in Malaysia) for tourist routes in Johor.
📌 Immunity to Diesel Hikes. As a scheduled bus service provider, 98% of HI’s fleet is fully covered by diesel subsidies, meaning bottom-line impact from fuel price adjustments is negligible. Conversely, any rise in private vehicle costs (like the recent Singapore VEP hike) acts as a catalyst, driving more commuters toward HI's cross-border and local services.
M+ Global View:
📌 We view the RTS Link shuttle and feeder service as the "crown jewel" catalyst for HI. This project is expected to triple the size of the group’s SBST operations and potentially double their fleet size to meet massive commuter demand between Johor and Singapore.
📌 The acquisition of Acacia and Handal BCM allow HI to scale beyond Johor while focusing on the distribution, assembly and maintenance of EVs to capture the country's shift away from diesel. HI is expected to target more Chinese commercial EVs for this, while also lower their own maintenance cost.
📌 Despite higher setup costs for the SBST Johor Bahru 2025 contract, FY26 PAT jumped 29.0% YoY to RM56.5m. We expect margins to remain steady around 16% and above as the group continues to focus on gross cost government contracts, coupled with the expected continuation of a lower effective tax rate of ~15% together with capital allowances. Meanwhile, HI also reduced its net gearing ratio to just 0.2x (down from 0.9x last year).
📌 Hence, given HI's solid fundamentals & potential outlook, we view HI as an opportunity for partial accumulation before it reflects its value again
M+ Research
1Apr26
M+ Morning Market Buzz - 2Apr26
Dow Jones: 46,565.74 pts (+224.23pts, +0.48%)
⬆️ Resistance: 47800
⬇️ Support: 44200
FBM KLCI: 1,708.90 pts (+18.54pts, +1.10%)
⬆️ Resistance: 1760
⬇️ Support: 1650
HSI Index: 25,294.03 pts (+505.89pts, +2.04%)
⬆️ Resistance: 26000
⬇️ Support: 24000
Crude Palm Oil: RM4,769 (-RM49, -1.03%)
⬆️ Resistance: 5020
⬇️ Support: 4400
Brent Oil: $101.16 (-$2.81, -2.70%)
⬆️ Resistance: 121.70
⬇️ Support: 96.40
Gold: $4,758.57 (+$30.33, +0.64%)
⬆️ Resistance: 4890
⬇️ Support: 4270
Source: Bloomberg, M+ Global
Dow Jones: 46,565.74 pts (+224.23pts, +0.48%)
⬆️ Resistance: 47800
⬇️ Support: 44200
FBM KLCI: 1,708.90 pts (+18.54pts, +1.10%)
⬆️ Resistance: 1760
⬇️ Support: 1650
HSI Index: 25,294.03 pts (+505.89pts, +2.04%)
⬆️ Resistance: 26000
⬇️ Support: 24000
Crude Palm Oil: RM4,769 (-RM49, -1.03%)
⬆️ Resistance: 5020
⬇️ Support: 4400
Brent Oil: $101.16 (-$2.81, -2.70%)
⬆️ Resistance: 121.70
⬇️ Support: 96.40
Gold: $4,758.57 (+$30.33, +0.64%)
⬆️ Resistance: 4890
⬇️ Support: 4270
Source: Bloomberg, M+ Global
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M+ Global Market Update – 02Apr26
Sentiment Turned Better Ahead Of Trump’s Speech
US: Buying interest emerged as investors speculated on a potential de-escalation of Middle East tensions, with Trump appearing willing to retreat despite the loss of the Strait of Hormuz stake and the deferral of threats against Iran’s power infrastructure. We maintain the view that DRAM supply-demand constraints will intensify through at least CY27, while data centre demand has surged over the last few months, with CY26 inventory already largely sold out. Moreover, greenfield wafer capacity is expected to be released only by late 2027, with meaningful contributions not arriving until 2028, according to Micron. TurboQuant is expected to have a minimal impact on Micron’s core business.
MY: We expect the local bourse to follow suit with Wall Street’s rebound. Positive developments for Micron should bode well for TMK Chemical, as TMK’s products are widely utilised in the production and manufacturing industries, and it forms the foundational building blocks for the E&E and semiconductor segment. With Micron’s additional capacity expected to come online next year, this should benefit TMK. Meanwhile, higher crude oil prices may present near-term headwinds for glove manufacturers. However, we anticipate a tightening in global glove supply due to raw material constraints following the Middle East tensions.
Stocks to watch:
Technology: CORAZA, *DUFU*, *NE*
Automotive: BAUTO, *BETA*
Renewable Energy: *KENERGY*, *PEKAT*
Healthcare: *KPJ*
Financial: AMBANK
Consumer: TGUAN
Property: KTI
Building Material: MSC
**Source: M+ Global**
Sentiment Turned Better Ahead Of Trump’s Speech
US: Buying interest emerged as investors speculated on a potential de-escalation of Middle East tensions, with Trump appearing willing to retreat despite the loss of the Strait of Hormuz stake and the deferral of threats against Iran’s power infrastructure. We maintain the view that DRAM supply-demand constraints will intensify through at least CY27, while data centre demand has surged over the last few months, with CY26 inventory already largely sold out. Moreover, greenfield wafer capacity is expected to be released only by late 2027, with meaningful contributions not arriving until 2028, according to Micron. TurboQuant is expected to have a minimal impact on Micron’s core business.
MY: We expect the local bourse to follow suit with Wall Street’s rebound. Positive developments for Micron should bode well for TMK Chemical, as TMK’s products are widely utilised in the production and manufacturing industries, and it forms the foundational building blocks for the E&E and semiconductor segment. With Micron’s additional capacity expected to come online next year, this should benefit TMK. Meanwhile, higher crude oil prices may present near-term headwinds for glove manufacturers. However, we anticipate a tightening in global glove supply due to raw material constraints following the Middle East tensions.
Stocks to watch:
Technology: CORAZA, *DUFU*, *NE*
Automotive: BAUTO, *BETA*
Renewable Energy: *KENERGY*, *PEKAT*
Healthcare: *KPJ*
Financial: AMBANK
Consumer: TGUAN
Property: KTI
Building Material: MSC
**Source: M+ Global**
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M+ Global Market Wrap - 2Apr26
FBM KLCI: 1,698.30 pts (-10.60pts, -0.62%)
The FBM KLCI (-0.62%) to close at 1,698.30 points as President Trump threatened more aggressive attacks on Iran. The market breadth was negative, with 736 losers against 469 winners. Sector wise, Healthcare (+2.57%) outperformed, led by TOPGLOV (+10.0sen) and KOSSAN (+6.0sen), as naphta shortage due to the closure of the Strait of Hormuz could reduce global glove supply. Meanwhile, Finance (-1.58%) declined the most.
Top 3 Active stocks:
VS (6963): RM0.185 (-1.5 sen)
TOPGLOV (7113): RM0.760 (+10.0 sen)
SUNMED (5555): RM2.00 (-13.0sen)
Top 3 Gainer stocks:
PCHEM (5183): RM5.97 (+57.0 sen)
CEPCO (8435): RM2.43 (+56.0 sen)
KLK (2445): RM21.88 (+36.0 sen)
Top 3 Loser stocks:
NESTLE (4707): RM98.86 (-184.0 sen)
PETDAG (5681): RM21.10 (-90.0 sen)
MPI (3867): RM29.08 (-88.0 sen)
Volume: 3.59 bn (100-bar avg vol: 3.20 bn)
Value: RM3.69 bn (100-bar avg val: RM3.02 bn)
Market Breadth: ⬆️469 ⬇️736
Crude Palm Oil: RM4,769 (+RM50, +1.05%)
Dow Futures: 46,375 pts (-431 pts)
**Source: M+ Global, Bloomberg **
FBM KLCI: 1,698.30 pts (-10.60pts, -0.62%)
The FBM KLCI (-0.62%) to close at 1,698.30 points as President Trump threatened more aggressive attacks on Iran. The market breadth was negative, with 736 losers against 469 winners. Sector wise, Healthcare (+2.57%) outperformed, led by TOPGLOV (+10.0sen) and KOSSAN (+6.0sen), as naphta shortage due to the closure of the Strait of Hormuz could reduce global glove supply. Meanwhile, Finance (-1.58%) declined the most.
Top 3 Active stocks:
VS (6963): RM0.185 (-1.5 sen)
TOPGLOV (7113): RM0.760 (+10.0 sen)
SUNMED (5555): RM2.00 (-13.0sen)
Top 3 Gainer stocks:
PCHEM (5183): RM5.97 (+57.0 sen)
CEPCO (8435): RM2.43 (+56.0 sen)
KLK (2445): RM21.88 (+36.0 sen)
Top 3 Loser stocks:
NESTLE (4707): RM98.86 (-184.0 sen)
PETDAG (5681): RM21.10 (-90.0 sen)
MPI (3867): RM29.08 (-88.0 sen)
Volume: 3.59 bn (100-bar avg vol: 3.20 bn)
Value: RM3.69 bn (100-bar avg val: RM3.02 bn)
Market Breadth: ⬆️469 ⬇️736
Crude Palm Oil: RM4,769 (+RM50, +1.05%)
Dow Futures: 46,375 pts (-431 pts)
**Source: M+ Global, Bloomberg **
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