M+ Morning Market Buzz - 24Sep25
Dow Jones: 46,292.78 pts (-88.76pts, -0.19%)
⬆️ Resistance: 47700
⬇️ Support: 44800
FBM KLCI: 1,603.55 pts (+0.21pts, +0.01%)
⬆️ Resistance: 1650
⬇️ Support: 1570
HSI Index: 26,159.12 pts (-185.02pts, -0.70%)
⬆️ Resistance: 27600
⬇️ Support: 25500
Crude Palm Oil: RM4,343 (+RM10, +0.23%)
⬆️ Resistance: 4650
⬇️ Support: 4190
Brent Oil: $67.63 (+$1.06, +1.59%)
⬆️ Resistance: 70.00
⬇️ Support: 64.70
Gold: $3,764.01 (+$1.21, +0.03%)
⬆️ Resistance: 3870
⬇️ Support: 3560
Source: Bloomberg, M+ Global
Dow Jones: 46,292.78 pts (-88.76pts, -0.19%)
⬆️ Resistance: 47700
⬇️ Support: 44800
FBM KLCI: 1,603.55 pts (+0.21pts, +0.01%)
⬆️ Resistance: 1650
⬇️ Support: 1570
HSI Index: 26,159.12 pts (-185.02pts, -0.70%)
⬆️ Resistance: 27600
⬇️ Support: 25500
Crude Palm Oil: RM4,343 (+RM10, +0.23%)
⬆️ Resistance: 4650
⬇️ Support: 4190
Brent Oil: $67.63 (+$1.06, +1.59%)
⬆️ Resistance: 70.00
⬇️ Support: 64.70
Gold: $3,764.01 (+$1.21, +0.03%)
⬆️ Resistance: 3870
⬇️ Support: 3560
Source: Bloomberg, M+ Global
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M+ Global Market Update – 24Sep25
Profit Taking Activities May Emerge
US: With Jerome Powell’s take on Wall Street’s overstretched valuation, profit-taking activities were seen across Wall Street. As a result, we believe the pullback may extend in the near term. However, we expect news related to semiconductors—such as (i) Nvidia Corp's USD100bn investment in OpenAI, (ii) Nvidia acquiring a USD5 billion stake in Intel, and (iii) OpenAI teaming up with Oracle and Softbank to build 5 new Stargate data centers worth USD500bn—may cushion the downside risk. Meanwhile, with the U.S. administration aiming to boost its uranium reserve over the long term, we believe this could serve as a re-rating catalyst for nuclear-related stocks like UUUU, OKLO, UEC, and URA.
MY: Taking a cue from Wall Street's negative lead, we expect profit-taking activities on the KLCI's key index, with the Technology sector likely to see selling pressure. However, we continue to favour ITMAX, as its recent contract wins have solidified its recurring revenue, providing earnings visibility for at least the next 15-20 years. We also see trading opportunities within construction stocks like BNASTRA and INTA, given their (i) robust earnings results from key developers, (ii) sizeable order book coverage, and (iii) undemanding valuations. Lastly, with the recent developments in SLVEST, we believe buying interest may emerge in renewable energy-related stocks such as KENERGY, supported by government initiatives like NETR and the rollout of LSS5 packages.
Stocks to watch:
Technology: *ITMAX*, *NE*, UNISEM
Construction: *KIMLUN*, PESONA, PWRWELL
Utility: MALAKOF, *YTL*
Building Material: *SKBSHUT*
Gold-related: *EMCC*
Consumer: *SPRITZER*
Source: M+ Global
Profit Taking Activities May Emerge
US: With Jerome Powell’s take on Wall Street’s overstretched valuation, profit-taking activities were seen across Wall Street. As a result, we believe the pullback may extend in the near term. However, we expect news related to semiconductors—such as (i) Nvidia Corp's USD100bn investment in OpenAI, (ii) Nvidia acquiring a USD5 billion stake in Intel, and (iii) OpenAI teaming up with Oracle and Softbank to build 5 new Stargate data centers worth USD500bn—may cushion the downside risk. Meanwhile, with the U.S. administration aiming to boost its uranium reserve over the long term, we believe this could serve as a re-rating catalyst for nuclear-related stocks like UUUU, OKLO, UEC, and URA.
MY: Taking a cue from Wall Street's negative lead, we expect profit-taking activities on the KLCI's key index, with the Technology sector likely to see selling pressure. However, we continue to favour ITMAX, as its recent contract wins have solidified its recurring revenue, providing earnings visibility for at least the next 15-20 years. We also see trading opportunities within construction stocks like BNASTRA and INTA, given their (i) robust earnings results from key developers, (ii) sizeable order book coverage, and (iii) undemanding valuations. Lastly, with the recent developments in SLVEST, we believe buying interest may emerge in renewable energy-related stocks such as KENERGY, supported by government initiatives like NETR and the rollout of LSS5 packages.
Stocks to watch:
Technology: *ITMAX*, *NE*, UNISEM
Construction: *KIMLUN*, PESONA, PWRWELL
Utility: MALAKOF, *YTL*
Building Material: *SKBSHUT*
Gold-related: *EMCC*
Consumer: *SPRITZER*
Source: M+ Global
👏3
M+ Global Market Wrap - 24Sep25
FBM KLCI: 1,599.66 pts (-3.89pts, -0.24%)
Following Jerome Powell’s take on overstretched Wall Street valuations, selling pressure spilled over to the ASEAN market, with the local bourse closing lower. However, KLCI’s market participants remained neutral, as reflected in the 1-to-1 gainers-to-losers ratio, with total traded volume within the norm. On the broader market, Property (+1.21%) stocks outperformed, with KSL (+37.0 sen) leading the pack; the latter was due to analysts’ favourable views on its valuations while Construction (-0.71%) declined the most.
Top 3 Active stocks:
XPB (0370): RM0.225 (+2.5 sen)
MAGMA (7243): RM0.315 (-4.5 sen)
PHARMA (7081): RM0.275 (+0.5 sen)
Volume: 3.63 bn (100-bar avg vol: 2.93 bn)
Value: RM2.80 bn (100-bar avg val: RM2.44 bn)
Market Breadth: ⬆️585⬇️508
Crude Palm Oil: RM4,343 (+RM30, +0.69%)
Dow Futures: 46,643 pts (+6 pts)
**Source: M+ Global, Bloomberg **
FBM KLCI: 1,599.66 pts (-3.89pts, -0.24%)
Following Jerome Powell’s take on overstretched Wall Street valuations, selling pressure spilled over to the ASEAN market, with the local bourse closing lower. However, KLCI’s market participants remained neutral, as reflected in the 1-to-1 gainers-to-losers ratio, with total traded volume within the norm. On the broader market, Property (+1.21%) stocks outperformed, with KSL (+37.0 sen) leading the pack; the latter was due to analysts’ favourable views on its valuations while Construction (-0.71%) declined the most.
Top 3 Active stocks:
XPB (0370): RM0.225 (+2.5 sen)
MAGMA (7243): RM0.315 (-4.5 sen)
PHARMA (7081): RM0.275 (+0.5 sen)
Volume: 3.63 bn (100-bar avg vol: 2.93 bn)
Value: RM2.80 bn (100-bar avg val: RM2.44 bn)
Market Breadth: ⬆️585⬇️508
Crude Palm Oil: RM4,343 (+RM30, +0.69%)
Dow Futures: 46,643 pts (+6 pts)
**Source: M+ Global, Bloomberg **
M+ Global Market Update – 25Sep25
Risk-Off Sentiment Likely To Persist
US: Risk-off sentiment persisted across Wall Street, following Jerome Powell’s recent remarks on overstretched valuations in the US. As a result, we expect Wall Street to take a cautious stance, at least over the near term. However, we continue to favour tech and AI-related counters, supported by: (i) Micron’s stellar earnings and positive guidance; (ii) OpenAI, Oracle and SoftBank to build the Stargate data center, worth ~USD500bn and (iii) Nvidia’s investment in OpenAI and Intel, which may cushion the overall negative sentiment. On the commodities front, we view SSRM and CDE as beneficiaries of the elevated gold prices, while UUUU, OKLO, UEC, and URA stand to benefit from the push to boost US domestic uranium reserves.
MY: Malaysia’s key index is set to open on a weaker note, tracking the retracement on Wall Street as the AI-fuelled rally hit a pause. However, we favour HEGROUP, given its recent contract wins; marking its entry into the DC segment, while we also believe the stock to be trading at attractive regions as compared to its peers. Moreover, with a sizeable order book, rising demand in substation services and undemanding valuation, we believe traders should focus on CBHB. Besides, following the developments in SLVEST and the recent rollout of LSS5 packages, we foresee buying interest could sustain in RE counters like KENERGY and NORTHERN.
Stocks to watch:
Construction: CBHB, *HEGROUP*, *JTGROUP*, *PWRWELL*
Technology: *GENETEC*, *MI*, PIE, *UNISEM*
Building material: MSC, PMETAL
Finance: OSK
Utility: RANHILL
Consumer: HEIM
Source: M+ Global
Risk-Off Sentiment Likely To Persist
US: Risk-off sentiment persisted across Wall Street, following Jerome Powell’s recent remarks on overstretched valuations in the US. As a result, we expect Wall Street to take a cautious stance, at least over the near term. However, we continue to favour tech and AI-related counters, supported by: (i) Micron’s stellar earnings and positive guidance; (ii) OpenAI, Oracle and SoftBank to build the Stargate data center, worth ~USD500bn and (iii) Nvidia’s investment in OpenAI and Intel, which may cushion the overall negative sentiment. On the commodities front, we view SSRM and CDE as beneficiaries of the elevated gold prices, while UUUU, OKLO, UEC, and URA stand to benefit from the push to boost US domestic uranium reserves.
MY: Malaysia’s key index is set to open on a weaker note, tracking the retracement on Wall Street as the AI-fuelled rally hit a pause. However, we favour HEGROUP, given its recent contract wins; marking its entry into the DC segment, while we also believe the stock to be trading at attractive regions as compared to its peers. Moreover, with a sizeable order book, rising demand in substation services and undemanding valuation, we believe traders should focus on CBHB. Besides, following the developments in SLVEST and the recent rollout of LSS5 packages, we foresee buying interest could sustain in RE counters like KENERGY and NORTHERN.
Stocks to watch:
Construction: CBHB, *HEGROUP*, *JTGROUP*, *PWRWELL*
Technology: *GENETEC*, *MI*, PIE, *UNISEM*
Building material: MSC, PMETAL
Finance: OSK
Utility: RANHILL
Consumer: HEIM
Source: M+ Global
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M+ Morning Market Buzz - 25Sep25
Dow Jones: 46,121.28 pts (-171.50pts, -0.37%)
⬆ Resistance: 47700
⬇ Support: 45100
FBM KLCI: 1,599.66 pts (-3.89pts, -0.24%)
⬆ Resistance: 1650
⬇ Support: 1570
HSI Index: 26,518.65 pts (+359.53pts, +1.37%)
⬆ Resistance: 27600
⬇ Support: 25500
Crude Palm Oil: RM4,379 (+RM46, +1.05%)
⬆ Resistance: 4580
⬇ Support: 4190
Brent Oil: $69.31 (+$1.68, +2.48%)
⬆ Resistance: 70.80
⬇ Support: 64.70
Gold: $3,736.16 (+$6.10, +0.16%)
⬆ Resistance: 3870
⬇ Support: 3560
Source: Bloomberg, M+ Global
Dow Jones: 46,121.28 pts (-171.50pts, -0.37%)
⬆ Resistance: 47700
⬇ Support: 45100
FBM KLCI: 1,599.66 pts (-3.89pts, -0.24%)
⬆ Resistance: 1650
⬇ Support: 1570
HSI Index: 26,518.65 pts (+359.53pts, +1.37%)
⬆ Resistance: 27600
⬇ Support: 25500
Crude Palm Oil: RM4,379 (+RM46, +1.05%)
⬆ Resistance: 4580
⬇ Support: 4190
Brent Oil: $69.31 (+$1.68, +2.48%)
⬆ Resistance: 70.80
⬇ Support: 64.70
Gold: $3,736.16 (+$6.10, +0.16%)
⬆ Resistance: 3870
⬇ Support: 3560
Source: Bloomberg, M+ Global
👏2
Good Morning All,
We issued a technical buy call on Powerwell Holdings Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Expansion into e-house
(ii) Acquisition of Firerex
(iii) Healthy order book and tender book pipeline
Research Team, M+
25 September 2025
We issued a technical buy call on Powerwell Holdings Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Expansion into e-house
(ii) Acquisition of Firerex
(iii) Healthy order book and tender book pipeline
Research Team, M+
25 September 2025
M+ Global Market Wrap - 25Sep25
FBM KLCI: 1,598.47 pts (-1.19pts, -0.07%)
Thursday’s session saw the local bourse ended flat as profit taking actvities in Banking heavyweights offset gains in Consumer Products and Services. However, market breadth tilted positively, with gainers outpacing losers at 588-to-472 stocks, while total traded volume was above the 100-bar avg volume. On the back of a shortage in US oil inventories, Energy (+1.45%) outperformed, led by VELESTO (+1.5 sen) and ARMADA (+1.5 sen), while Technology (-0.59%) declined the most.
Top 3 Active stocks:
VS (6963): RM0.590 (-3.0 sen)
TANCO (2429): RM0.890 (+0.5 sen)
ARMADA (5210): RM0.360 (+1.5 sen)
Volume: 3.55 bn (100-bar avg vol: 2.94 bn)
Value: RM2.76 bn (100-bar avg val: RM2.45 bn)
Market Breadth: ⬆️588⬇️472
Crude Palm Oil: RM4,379 (+RM58, +1.32%)
Dow Futures: 46,451 pts (+10 pts)
**Source: M+ Global, Bloomberg **
FBM KLCI: 1,598.47 pts (-1.19pts, -0.07%)
Thursday’s session saw the local bourse ended flat as profit taking actvities in Banking heavyweights offset gains in Consumer Products and Services. However, market breadth tilted positively, with gainers outpacing losers at 588-to-472 stocks, while total traded volume was above the 100-bar avg volume. On the back of a shortage in US oil inventories, Energy (+1.45%) outperformed, led by VELESTO (+1.5 sen) and ARMADA (+1.5 sen), while Technology (-0.59%) declined the most.
Top 3 Active stocks:
VS (6963): RM0.590 (-3.0 sen)
TANCO (2429): RM0.890 (+0.5 sen)
ARMADA (5210): RM0.360 (+1.5 sen)
Volume: 3.55 bn (100-bar avg vol: 2.94 bn)
Value: RM2.76 bn (100-bar avg val: RM2.45 bn)
Market Breadth: ⬆️588⬇️472
Crude Palm Oil: RM4,379 (+RM58, +1.32%)
Dow Futures: 46,451 pts (+10 pts)
**Source: M+ Global, Bloomberg **
M+ Morning Market Buzz - 26Sep25
Dow Jones: 45,947.32 pts (-173.96pts, -0.38%)
⬆️ Resistance: 47700
⬇️ Support: 44900
FBM KLCI: 1,598.47 pts (-1.19pts, -0.07%)
⬆️ Resistance: 1650
⬇️ Support: 1570
HSI Index: 26,484.68 pts (-33.97pts, -0.13%)
⬆️ Resistance: 27200
⬇️ Support: 25500
Crude Palm Oil: RM4,439 (+RM14, +0.32%)
⬆️ Resistance: 4570
⬇️ Support: 4190
Brent Oil: $69.42 (+$0.11, +0.16%)
⬆️ Resistance: 71.10
⬇️ Support: 64.70
Gold: $3,749.44 (-$1.23, -0.03%)
⬆️ Resistance: 3870
⬇️ Support: 3560
Source: Bloomberg, M+ Global
Dow Jones: 45,947.32 pts (-173.96pts, -0.38%)
⬆️ Resistance: 47700
⬇️ Support: 44900
FBM KLCI: 1,598.47 pts (-1.19pts, -0.07%)
⬆️ Resistance: 1650
⬇️ Support: 1570
HSI Index: 26,484.68 pts (-33.97pts, -0.13%)
⬆️ Resistance: 27200
⬇️ Support: 25500
Crude Palm Oil: RM4,439 (+RM14, +0.32%)
⬆️ Resistance: 4570
⬇️ Support: 4190
Brent Oil: $69.42 (+$0.11, +0.16%)
⬆️ Resistance: 71.10
⬇️ Support: 64.70
Gold: $3,749.44 (-$1.23, -0.03%)
⬆️ Resistance: 3870
⬇️ Support: 3560
Source: Bloomberg, M+ Global
M+ Global Market Update – 26Sep25
Expect Bargain Hunting Activities to Emerge
US: The AI-driven rally paused over the past three sessions, as selling pressure spread across major indices. This was triggered by Jerome Powell's cautious stance on Wall Street's overstretched valuations. However, we believe a few factors may cushion the downside risk: (i) steadier US GDP growth of 3.8% in Q2 2025, (ii) a potential investment from Apple into Intel, and (iii) several positive developments in the technology sector. On the commodities front, a surprise drop in U.S. oil inventories is expected to provide a short-term boost to Brent Crude.
MY: With risk-off sentiment persisting on Wall Street, we expect Malaysia’s key index to open on a weaker footing. However, we expect the bargain hunting activities to be seen within selected sectors such as Utilities on the back of ongoing NETR execution and power grid upgrades by Tenaga, while the Technology sector has been on a recovery trend after a long consolidation. We continue to favour ITMAX as its recent contract wins strengthened its recurring income base, offering robust earnings visibility over the next 15–20 years. Besides, HEGROUP has performed a follow through buying interest after the flag breakout should observe higher trading range for the near term.
Stocks to watch:
Construction: CBHB, *HEGROUP*, INTA, *JTGROUP*, KERJAYA, *SSB8*
Technology: *EG*, *WENTEL*
Utility: PEKAT, *SUNLOGY*
Building material: MSC
Consumer: HEIM
Source: M+ Global
Expect Bargain Hunting Activities to Emerge
US: The AI-driven rally paused over the past three sessions, as selling pressure spread across major indices. This was triggered by Jerome Powell's cautious stance on Wall Street's overstretched valuations. However, we believe a few factors may cushion the downside risk: (i) steadier US GDP growth of 3.8% in Q2 2025, (ii) a potential investment from Apple into Intel, and (iii) several positive developments in the technology sector. On the commodities front, a surprise drop in U.S. oil inventories is expected to provide a short-term boost to Brent Crude.
MY: With risk-off sentiment persisting on Wall Street, we expect Malaysia’s key index to open on a weaker footing. However, we expect the bargain hunting activities to be seen within selected sectors such as Utilities on the back of ongoing NETR execution and power grid upgrades by Tenaga, while the Technology sector has been on a recovery trend after a long consolidation. We continue to favour ITMAX as its recent contract wins strengthened its recurring income base, offering robust earnings visibility over the next 15–20 years. Besides, HEGROUP has performed a follow through buying interest after the flag breakout should observe higher trading range for the near term.
Stocks to watch:
Construction: CBHB, *HEGROUP*, INTA, *JTGROUP*, KERJAYA, *SSB8*
Technology: *EG*, *WENTEL*
Utility: PEKAT, *SUNLOGY*
Building material: MSC
Consumer: HEIM
Source: M+ Global
👍3
M+ Global Market Wrap - 26Sep25
FBM KLCI: 1,611.17 pts (+12.70pts, +0.79%)
Withstanding Wall Street’s negative lead, Friday’s session saw bargain-hunting activities across Banking heavyweights, lifting sentiment across the KLCI. However, market breadth was neutral, with winners and losers at a 1-to-1 ratio, while total traded volume stood above the 100-day average. On the broader market, Industrial Products & Services (+0.98%) outperformed with PCHEM (+13.0 sen) and MCEMENT (+42.0 sen) leading the pack, while Technology (-1.23%) declined the most.
Top 3 Active stocks:
FOCUIS (0116): RM0.010 (+0.5 sen)
ARMADA (5210): RM0.365 (+0.5 sen)
TANCO (2429): RM0.900 (+1.0 sen)
Volume: 4.16 bn (100-bar avg vol: 2.95 bn)
Value: RM3.17 bn (100-bar avg val: RM2.46 bn)
Market Breadth: ⬆️575⬇️469
Crude Palm Oil: RM4,439 (-RM34, -0.77%)
Dow Futures: 46,345 pts (+77 pts)
**Source: M+ Global, Bloomberg **
FBM KLCI: 1,611.17 pts (+12.70pts, +0.79%)
Withstanding Wall Street’s negative lead, Friday’s session saw bargain-hunting activities across Banking heavyweights, lifting sentiment across the KLCI. However, market breadth was neutral, with winners and losers at a 1-to-1 ratio, while total traded volume stood above the 100-day average. On the broader market, Industrial Products & Services (+0.98%) outperformed with PCHEM (+13.0 sen) and MCEMENT (+42.0 sen) leading the pack, while Technology (-1.23%) declined the most.
Top 3 Active stocks:
FOCUIS (0116): RM0.010 (+0.5 sen)
ARMADA (5210): RM0.365 (+0.5 sen)
TANCO (2429): RM0.900 (+1.0 sen)
Volume: 4.16 bn (100-bar avg vol: 2.95 bn)
Value: RM3.17 bn (100-bar avg val: RM2.46 bn)
Market Breadth: ⬆️575⬇️469
Crude Palm Oil: RM4,439 (-RM34, -0.77%)
Dow Futures: 46,345 pts (+77 pts)
**Source: M+ Global, Bloomberg **
M+ Global Market Update – 29Sep25
Markets Rebound, But Tariff Risks Loom
US: Wall Street rebounded on Friday, snapping a three-day losing streak as softer Treasury yields and in-line August PCE inflation data eased fears of tariff-driven price pressures, while the Fed’s Bowman reiterated calls for decisive rate cuts to cushion against a fragile labour market. On the corporate front, Intel (+4%) and GlobalFoundries (+8%) gained after reports that the White House may push to cut reliance on chip imports, while sentiment in pharma turned cautious following Trump’s announcement of new 100% tariffs on branded drugs, alongside levies on trucks, fittings, and furniture. With the new tariff implementations, we expect the US stock markets to kickstart the week on a mixed note.
MY: We expect the FBMKLCI to continue trading above the 1,600 level today, in line with the positive rebound on Wall Street last week. Meanwhile, with the news that INTA secured another RM40.6m housing contract from Eco Majestic Sdn Bhd, bringing its total order book to about RM1.9bn, we maintain our optimism toward the company given its low valuation and strong earnings visibility for the next two to three years. Lastly, with the recent recovery and improved sentiment in the local bourse and IPOs, we think investors can consider BURSA, which experienced a breakout above its six-month consolidation and started to trade above the MA200.
Stocks to watch:
Consumer: *HEIM*, HUPSENG, SDS
Utility: MALAKOF, *SAMAIDEN*
Technology: *EG*, *INFOM*
Chemical: *LCTITAN*
Automotive: DRBHCOM
Telco: TM
Construction: PWRWELL
Source: M+ Global
Markets Rebound, But Tariff Risks Loom
US: Wall Street rebounded on Friday, snapping a three-day losing streak as softer Treasury yields and in-line August PCE inflation data eased fears of tariff-driven price pressures, while the Fed’s Bowman reiterated calls for decisive rate cuts to cushion against a fragile labour market. On the corporate front, Intel (+4%) and GlobalFoundries (+8%) gained after reports that the White House may push to cut reliance on chip imports, while sentiment in pharma turned cautious following Trump’s announcement of new 100% tariffs on branded drugs, alongside levies on trucks, fittings, and furniture. With the new tariff implementations, we expect the US stock markets to kickstart the week on a mixed note.
MY: We expect the FBMKLCI to continue trading above the 1,600 level today, in line with the positive rebound on Wall Street last week. Meanwhile, with the news that INTA secured another RM40.6m housing contract from Eco Majestic Sdn Bhd, bringing its total order book to about RM1.9bn, we maintain our optimism toward the company given its low valuation and strong earnings visibility for the next two to three years. Lastly, with the recent recovery and improved sentiment in the local bourse and IPOs, we think investors can consider BURSA, which experienced a breakout above its six-month consolidation and started to trade above the MA200.
Stocks to watch:
Consumer: *HEIM*, HUPSENG, SDS
Utility: MALAKOF, *SAMAIDEN*
Technology: *EG*, *INFOM*
Chemical: *LCTITAN*
Automotive: DRBHCOM
Telco: TM
Construction: PWRWELL
Source: M+ Global
👍3
M+ Morning Market Buzz - 29Sep25
Dow Jones: 46,247.29 pts (+299.97pts, +0.65%)
⬆️ Resistance: 47700
⬇️ Support: 44900
FBM KLCI: 1,609.05 pts (+10.58pts, +0.66%)
⬆️ Resistance: 1650
⬇️ Support: 1570
HSI Index: 26,128.20 pts (-356.48pts, -1.35%)
⬆️ Resistance: 27200
⬇️ Support: 25500
Crude Palm Oil: RM4,396 (-RM43, -0.97%)
⬆️ Resistance: 4570
⬇️ Support: 4190
Brent Oil: $70.13 (-$0.67, -0.97%)
⬆️ Resistance: 72.20
⬇️ Support: 64.70
Gold: $3,759.98 (+$10.30, +0.26%)
⬆️ Resistance: 3870
⬇️ Support: 3620
Source: Bloomberg, M+ Global
Dow Jones: 46,247.29 pts (+299.97pts, +0.65%)
⬆️ Resistance: 47700
⬇️ Support: 44900
FBM KLCI: 1,609.05 pts (+10.58pts, +0.66%)
⬆️ Resistance: 1650
⬇️ Support: 1570
HSI Index: 26,128.20 pts (-356.48pts, -1.35%)
⬆️ Resistance: 27200
⬇️ Support: 25500
Crude Palm Oil: RM4,396 (-RM43, -0.97%)
⬆️ Resistance: 4570
⬇️ Support: 4190
Brent Oil: $70.13 (-$0.67, -0.97%)
⬆️ Resistance: 72.20
⬇️ Support: 64.70
Gold: $3,759.98 (+$10.30, +0.26%)
⬆️ Resistance: 3870
⬇️ Support: 3620
Source: Bloomberg, M+ Global
👍3
M+ Global Market Wrap - 29Sep25
FBM KLCI: 1,610.95 pts (+1.90pts, +0.12%)
Tracking the positive closing on Wall Street last Friday, the FBMKLCI (+0.12%) continued to trade above the 1,600 level, as gains in key heavyweights like CIMB (+12.0 sen) and IHH (+10.0 sen) lifted the key index higher. Asian equities also ended broadly higher as investors will be eyeing US payrolls report due later this week, which would likely affect Fed’s rate cut trajectory. Nevertheless, market breadth was negative, with 645 losers against 459 winners. In the broader environment, Transportation & Logistics (+0.82%) outperformed, while Industrial Products & Services (-1.16%) declined the most.
Top 3 Active stocks:
EAH (0514): RM0.005 (unch)
PHARMA (7081): RM0.285 (+2.0 sen)
MTOUCHE (0092): RM0.065 (unch)
Volume: 3.77 bn (100-bar avg vol: 2.97 bn)
Value: RM2.47 bn (100-bar avg val: RM2.48 bn)
Market Breadth: ⬆️459⬇️645
Crude Palm Oil: RM4,396 (-RM2, -0.05%)
Dow Futures: 46,731 pts (+175 pts)
**Source: M+ Global, Bloomberg **
FBM KLCI: 1,610.95 pts (+1.90pts, +0.12%)
Tracking the positive closing on Wall Street last Friday, the FBMKLCI (+0.12%) continued to trade above the 1,600 level, as gains in key heavyweights like CIMB (+12.0 sen) and IHH (+10.0 sen) lifted the key index higher. Asian equities also ended broadly higher as investors will be eyeing US payrolls report due later this week, which would likely affect Fed’s rate cut trajectory. Nevertheless, market breadth was negative, with 645 losers against 459 winners. In the broader environment, Transportation & Logistics (+0.82%) outperformed, while Industrial Products & Services (-1.16%) declined the most.
Top 3 Active stocks:
EAH (0514): RM0.005 (unch)
PHARMA (7081): RM0.285 (+2.0 sen)
MTOUCHE (0092): RM0.065 (unch)
Volume: 3.77 bn (100-bar avg vol: 2.97 bn)
Value: RM2.47 bn (100-bar avg val: RM2.48 bn)
Market Breadth: ⬆️459⬇️645
Crude Palm Oil: RM4,396 (-RM2, -0.05%)
Dow Futures: 46,731 pts (+175 pts)
**Source: M+ Global, Bloomberg **
M+ Morning Market Buzz - 30Sep25
Dow Jones: 46,316.07 pts (+68.78pts, +0.15%)
⬆️ Resistance: 47700
⬇️ Support: 44900
FBM KLCI: 1,610.95 pts (+1.90pts, +0.12%)
⬆️ Resistance: 1650
⬇️ Support: 1570
HSI Index: 26,622.88 pts (+494.68pts, +1.89%)
⬆️ Resistance: 27300
⬇️ Support: 25500
Crude Palm Oil: RM4,385 (+RM11, +0.25%)
⬆️ Resistance: 4560
⬇️ Support: 4190
Brent Oil: $67.97 (-$2.16, -3.08%)
⬆️ Resistance: 72.20
⬇️ Support: 64.80
Gold: $3,833.55 (-$3.64, -0.09%)
⬆️ Resistance: 3920
⬇️ Support: 3650
Source: Bloomberg, M+ Global
Dow Jones: 46,316.07 pts (+68.78pts, +0.15%)
⬆️ Resistance: 47700
⬇️ Support: 44900
FBM KLCI: 1,610.95 pts (+1.90pts, +0.12%)
⬆️ Resistance: 1650
⬇️ Support: 1570
HSI Index: 26,622.88 pts (+494.68pts, +1.89%)
⬆️ Resistance: 27300
⬇️ Support: 25500
Crude Palm Oil: RM4,385 (+RM11, +0.25%)
⬆️ Resistance: 4560
⬇️ Support: 4190
Brent Oil: $67.97 (-$2.16, -3.08%)
⬆️ Resistance: 72.20
⬇️ Support: 64.80
Gold: $3,833.55 (-$3.64, -0.09%)
⬆️ Resistance: 3920
⬇️ Support: 3650
Source: Bloomberg, M+ Global
M+ Global Market Update – 30Sep25
Payrolls In Focus Amid Shutdown Risk
US: Wall Street closed higher on Monday, as Nvidia (+2%) rebounded and investors turned focus to September’s nonfarm payrolls due Friday. Sentiment was also underpinned by in-line inflation data released earlier, although concerns lingered over a potential US government shutdown, which may delay the jobs report. On the corporate front, Electronic Arts (+4%) surged after agreeing to a USD55bn take-private deal, while gold prices rallied to above USD3,800/oz on safe-haven demand and expectations of further Fed easing. Looking ahead, we expect markets to trade cautiously as investors need to balance labour market signals against political uncertainty in Washington.
MY: Tracking the positive closing in the US, we expect the FBMKLCI to continue its upward momentum today. Meanwhile, with the news that GAMUDA secured another RM3.3bn leasehold land tender in Singapore, we continue to maintain our optimism toward the construction sector, as most construction companies have strong earnings visibility for the next 2–3 years, underpinned by DC investments and mega infrastructure projects across the country. Traders could accumulate on the recent pullback. Lastly, traders could also consider AWC, which is pending for a breakout and showed improved margins and results in FY25.
Stocks to watch:
Utility: KENERGY, *SAMAIDEN*, *YTL*
Finance: *CIMB*, OSK, *RHBBANK*
Consumer: CAB, *MFLOUR*
Telco: AXIATA
Healthcare: PHARMA
Source: M+ Global
Payrolls In Focus Amid Shutdown Risk
US: Wall Street closed higher on Monday, as Nvidia (+2%) rebounded and investors turned focus to September’s nonfarm payrolls due Friday. Sentiment was also underpinned by in-line inflation data released earlier, although concerns lingered over a potential US government shutdown, which may delay the jobs report. On the corporate front, Electronic Arts (+4%) surged after agreeing to a USD55bn take-private deal, while gold prices rallied to above USD3,800/oz on safe-haven demand and expectations of further Fed easing. Looking ahead, we expect markets to trade cautiously as investors need to balance labour market signals against political uncertainty in Washington.
MY: Tracking the positive closing in the US, we expect the FBMKLCI to continue its upward momentum today. Meanwhile, with the news that GAMUDA secured another RM3.3bn leasehold land tender in Singapore, we continue to maintain our optimism toward the construction sector, as most construction companies have strong earnings visibility for the next 2–3 years, underpinned by DC investments and mega infrastructure projects across the country. Traders could accumulate on the recent pullback. Lastly, traders could also consider AWC, which is pending for a breakout and showed improved margins and results in FY25.
Stocks to watch:
Utility: KENERGY, *SAMAIDEN*, *YTL*
Finance: *CIMB*, OSK, *RHBBANK*
Consumer: CAB, *MFLOUR*
Telco: AXIATA
Healthcare: PHARMA
Source: M+ Global
M+ Global Market Wrap - 30Sep25
FBM KLCI: 1,611.88 pts (+0.93pts, +0.06%)
Following the positive closing in the US, the FBMKLCI (+0.06%) continued its upward momentum for the third day, supported by gains in key heavyweights like YTL (+7.0 sen) and SUNWAY (+11.0 sen). Asian markets also continued to end broadly higher, as China reported better-than-expected PMI data, while investors will also be focusing on the US JOLTS job openings for August later tonight. Market breadth remained rather flat, with 557 losers against 549 winners. In the broader environment, the Utilities (+1.96%) sector experienced a breakout, while REITs (-0.70%) declined the most.
Top 3 Active stocks:
NEXGBINA (7154): RM0.095 (unch)
ZETRIX (0138): RM0.850 (-1.0 sen)
VS (6963): RM0.590 (+1.0 sen)
Volume: 3.48 bn (100-bar avg vol: 2.97 bn)
Value: RM3.16 bn (100-bar avg val: RM2.48 bn)
Market Breadth: ⬆️459⬇️645
Crude Palm Oil: RM4,385 (-RM38, -0.87%)
Dow Futures: 46,512 pts (-100 pts)
**Source: M+ Global, Bloomberg **
FBM KLCI: 1,611.88 pts (+0.93pts, +0.06%)
Following the positive closing in the US, the FBMKLCI (+0.06%) continued its upward momentum for the third day, supported by gains in key heavyweights like YTL (+7.0 sen) and SUNWAY (+11.0 sen). Asian markets also continued to end broadly higher, as China reported better-than-expected PMI data, while investors will also be focusing on the US JOLTS job openings for August later tonight. Market breadth remained rather flat, with 557 losers against 549 winners. In the broader environment, the Utilities (+1.96%) sector experienced a breakout, while REITs (-0.70%) declined the most.
Top 3 Active stocks:
NEXGBINA (7154): RM0.095 (unch)
ZETRIX (0138): RM0.850 (-1.0 sen)
VS (6963): RM0.590 (+1.0 sen)
Volume: 3.48 bn (100-bar avg vol: 2.97 bn)
Value: RM3.16 bn (100-bar avg val: RM2.48 bn)
Market Breadth: ⬆️459⬇️645
Crude Palm Oil: RM4,385 (-RM38, -0.87%)
Dow Futures: 46,512 pts (-100 pts)
**Source: M+ Global, Bloomberg **
M+ Morning Market Buzz - 1Oct25
Dow Jones: 46,397.89 pts (+81.82pts, +0.18%)
⬆️ Resistance: 47400
⬇️ Support: 44900
FBM KLCI: 1,611.88 pts (+0.93pts, +0.06%)
⬆️ Resistance: 1660
⬇️ Support: 1570
HSI Index: 26,855.56 pts (+232.68pts, +0.87%)
⬆️ Resistance: 27500
⬇️ Support: 25600
Crude Palm Oil: RM4,352 (RM0, 0.00%)
⬆️ Resistance: 4560
⬇️ Support: 4240
Brent Oil: $66.03 (-$1.06, -1.58%)
⬆️ Resistance: 72.20
⬇️ Support: 65.60
Gold: $3,858.96 (+$2.23, +0.06%)
⬆️ Resistance: 3950
⬇️ Support: 3650
Source: Bloomberg, M+ Global
Dow Jones: 46,397.89 pts (+81.82pts, +0.18%)
⬆️ Resistance: 47400
⬇️ Support: 44900
FBM KLCI: 1,611.88 pts (+0.93pts, +0.06%)
⬆️ Resistance: 1660
⬇️ Support: 1570
HSI Index: 26,855.56 pts (+232.68pts, +0.87%)
⬆️ Resistance: 27500
⬇️ Support: 25600
Crude Palm Oil: RM4,352 (RM0, 0.00%)
⬆️ Resistance: 4560
⬇️ Support: 4240
Brent Oil: $66.03 (-$1.06, -1.58%)
⬆️ Resistance: 72.20
⬇️ Support: 65.60
Gold: $3,858.96 (+$2.23, +0.06%)
⬆️ Resistance: 3950
⬇️ Support: 3650
Source: Bloomberg, M+ Global
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M+ Global Market Update – 01Oct25
Wall Street Advances, But Shutdown Risk Looms
US: Wall Street closed higher on Tuesday as investors shrugged off the risk of a US government shutdown that could delay September’s jobs report. Gains were supported by optimism over expected Fed rate cuts and AI enthusiasm, with the Nasdaq leading monthly advances at +5% MTD. On the policy front, Trump announced new tariffs of 10–25% on lumber, furniture, and kitchen fittings effective mid-October, while Pfizer is set to lower Medicaid drug prices in exchange for a reprieve from pharma tariffs. In view of a US government shutdown concern, we expect Wall Street to pull back today, in line with the negative index futures as of writing.
MY: Following the high stake of a US government shutdown, we expect the negative sentiment may spillover on the local bourse today. Meanwhile, we continue to favour KJTS (M+ TP: RM2), which has solid earnings visibility and is well-supported by the (i) NETR policy, (ii) large-scale regional cooling projects through its JV with Stonepeak, and (iii) the country’s DC development which requires more cooling solutions. Its recent RM25.3m contract win with KIPREIT also reinforced its position as the country’s leading cooling energy management solutions provider. Lastly, traders can monitor SLVEST, EMCC and WELLCHIP for trading opportunities.
Stocks to watch:
Utility: MALAKOF, *YTL*
Pawn-related: *EMCC*, *WELLCHIP*
Technology: UNISEM, UWC
Construction: *JTGROUP*
Property: *KTI*
Finance: MNRB
Source: M+ Global
Wall Street Advances, But Shutdown Risk Looms
US: Wall Street closed higher on Tuesday as investors shrugged off the risk of a US government shutdown that could delay September’s jobs report. Gains were supported by optimism over expected Fed rate cuts and AI enthusiasm, with the Nasdaq leading monthly advances at +5% MTD. On the policy front, Trump announced new tariffs of 10–25% on lumber, furniture, and kitchen fittings effective mid-October, while Pfizer is set to lower Medicaid drug prices in exchange for a reprieve from pharma tariffs. In view of a US government shutdown concern, we expect Wall Street to pull back today, in line with the negative index futures as of writing.
MY: Following the high stake of a US government shutdown, we expect the negative sentiment may spillover on the local bourse today. Meanwhile, we continue to favour KJTS (M+ TP: RM2), which has solid earnings visibility and is well-supported by the (i) NETR policy, (ii) large-scale regional cooling projects through its JV with Stonepeak, and (iii) the country’s DC development which requires more cooling solutions. Its recent RM25.3m contract win with KIPREIT also reinforced its position as the country’s leading cooling energy management solutions provider. Lastly, traders can monitor SLVEST, EMCC and WELLCHIP for trading opportunities.
Stocks to watch:
Utility: MALAKOF, *YTL*
Pawn-related: *EMCC*, *WELLCHIP*
Technology: UNISEM, UWC
Construction: *JTGROUP*
Property: *KTI*
Finance: MNRB
Source: M+ Global
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M+ Global Market Wrap - 1Oct25
FBM KLCI: 1,620.87 pts (+8.99pts, +0.56%)
The FBMKLCI (+0.56%) reached a 9-month high as investors brushed off concerns on the US government shutdown, with the ringgit also emerging as one of the top gainers among the Southeast Asian peers. Market breadth turned bullish, with 598 winners outpacing 438 losers. Sector-wise, Technology (+2.79%) outperformed as gains in VITROX (+20.0 sen) and UNISEM (+22.0 sen) led the index higher, while REIT (-0.10%) was the only sector that declined.
Top 3 Active stocks:
ZETRIX (0138): RM0.860 (+1.0 sen)
VS (6963): RM0.600 (+1.0 sen)
TANCO (2429): RM0.910 (+1.0 sen)
Volume: 2.48 bn (100-bar avg vol: 2.98 bn)
Value: RM2.49 bn (100-bar avg val: RM2.48 bn)
Market Breadth: ⬆️598⬇️438
Crude Palm Oil: RM4,352 (+RM45, +1.03%)
Dow Futures: 46,430 pts (-259 pts)
**Source: M+ Global, Bloomberg **
FBM KLCI: 1,620.87 pts (+8.99pts, +0.56%)
The FBMKLCI (+0.56%) reached a 9-month high as investors brushed off concerns on the US government shutdown, with the ringgit also emerging as one of the top gainers among the Southeast Asian peers. Market breadth turned bullish, with 598 winners outpacing 438 losers. Sector-wise, Technology (+2.79%) outperformed as gains in VITROX (+20.0 sen) and UNISEM (+22.0 sen) led the index higher, while REIT (-0.10%) was the only sector that declined.
Top 3 Active stocks:
ZETRIX (0138): RM0.860 (+1.0 sen)
VS (6963): RM0.600 (+1.0 sen)
TANCO (2429): RM0.910 (+1.0 sen)
Volume: 2.48 bn (100-bar avg vol: 2.98 bn)
Value: RM2.49 bn (100-bar avg val: RM2.48 bn)
Market Breadth: ⬆️598⬇️438
Crude Palm Oil: RM4,352 (+RM45, +1.03%)
Dow Futures: 46,430 pts (-259 pts)
**Source: M+ Global, Bloomberg **
*M+ Global Market Update – 02Oct25*
*Stocks Rise on Fed Cut Bets Despite US Shutdown*
US: Wall Street closed higher on Wednesday, as investors downplayed the economic fallout from the US government shutdown and focused on increasing bets of further Fed rate cuts. Sentiment was buoyed by data showing US private payrolls fell by 32,000 in September, the largest drop in over two years, reinforcing signs of a cooling labour market. While the shutdown’s economic impact is expected to be limited, it may delay the release of the closely watched nonfarm payrolls report due Friday. Meanwhile, given that history shows the stock market tends to be largely unfazed by government shutdowns, coupled with the strong anticipation of a Fed rate cut, we believe that Wall Street will sustain its uptrend in the near term.
MY: Tracking the positive close in the US, we anticipate the FBMKLCI to trade on a firmer note today. With the Technology sector outperforming yesterday, we believe the chip-related companies will continue to benefit from the AI megatrend, with some of our technical picks including VITROX, UWC, and FRONTKEN. Meanwhile, buying interest might emerge in the Utilities, Construction and Consumer-related sectors ahead of the highly anticipated Budget 2026 next week. Lastly, CAMAROE (M+ IPO: RM0.17), a company focusing on farming and processing of black tiger prawns, will be listed on the ACE Market today.
Stocks to watch:
Technology: *EDELTEQ*, NE, *UWC*
Finance: CIMB, *MNRB*, RCECAP
Building material: *FIBROMAT*, ULICORP
Consumer: *99SMART*
Utility: RANHILL
Source: M+ Global
*Stocks Rise on Fed Cut Bets Despite US Shutdown*
US: Wall Street closed higher on Wednesday, as investors downplayed the economic fallout from the US government shutdown and focused on increasing bets of further Fed rate cuts. Sentiment was buoyed by data showing US private payrolls fell by 32,000 in September, the largest drop in over two years, reinforcing signs of a cooling labour market. While the shutdown’s economic impact is expected to be limited, it may delay the release of the closely watched nonfarm payrolls report due Friday. Meanwhile, given that history shows the stock market tends to be largely unfazed by government shutdowns, coupled with the strong anticipation of a Fed rate cut, we believe that Wall Street will sustain its uptrend in the near term.
MY: Tracking the positive close in the US, we anticipate the FBMKLCI to trade on a firmer note today. With the Technology sector outperforming yesterday, we believe the chip-related companies will continue to benefit from the AI megatrend, with some of our technical picks including VITROX, UWC, and FRONTKEN. Meanwhile, buying interest might emerge in the Utilities, Construction and Consumer-related sectors ahead of the highly anticipated Budget 2026 next week. Lastly, CAMAROE (M+ IPO: RM0.17), a company focusing on farming and processing of black tiger prawns, will be listed on the ACE Market today.
Stocks to watch:
Technology: *EDELTEQ*, NE, *UWC*
Finance: CIMB, *MNRB*, RCECAP
Building material: *FIBROMAT*, ULICORP
Consumer: *99SMART*
Utility: RANHILL
Source: M+ Global
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M+ Morning Market Buzz - 2Oct25
Dow Jones: 46,441.10 pts (+43.21pts, +0.09%)
⬆️ Resistance: 47500
⬇️ Support: 44900
FBM KLCI: 1,620.87 pts (+8.99pts, +0.56%)
⬆️ Resistance: 1660
⬇️ Support: 1570
HSI Index: 26,855.56 pts (+232.68pts, +0.87%)
⬆️ Resistance: 27500
⬇️ Support: 25600
Crude Palm Oil: RM4,388 (+RM22, +0.50%)
⬆️ Resistance: 4560
⬇️ Support: 4250
Brent Oil: $65.35 (+$0.30, +0.46%)
⬆️ Resistance: 72.20
⬇️ Support: 63.80
Gold: $3,865.74 (-$7.57, -0.20%)
⬆️ Resistance: 3980
⬇️ Support: 3650
Source: Bloomberg, M+ Global
Dow Jones: 46,441.10 pts (+43.21pts, +0.09%)
⬆️ Resistance: 47500
⬇️ Support: 44900
FBM KLCI: 1,620.87 pts (+8.99pts, +0.56%)
⬆️ Resistance: 1660
⬇️ Support: 1570
HSI Index: 26,855.56 pts (+232.68pts, +0.87%)
⬆️ Resistance: 27500
⬇️ Support: 25600
Crude Palm Oil: RM4,388 (+RM22, +0.50%)
⬆️ Resistance: 4560
⬇️ Support: 4250
Brent Oil: $65.35 (+$0.30, +0.46%)
⬆️ Resistance: 72.20
⬇️ Support: 63.80
Gold: $3,865.74 (-$7.57, -0.20%)
⬆️ Resistance: 3980
⬇️ Support: 3650
Source: Bloomberg, M+ Global
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