Malaysia's stock market opened higher on Tuesday, buoyed by positive market sentiment following US President Trump's inaugural speech, in which he refrained from announcing new tariffs on China. The FTSE Bursa Malaysia KLCI (FBM KLCI) rose slightly, and market breadth was positive with gainers outpacing losers. Analysts noted that while Trump signaled a more measured approach to trade relations, future developments on the trade front remain uncertain.
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At 9.05 am, the FTSE Bursa Malaysia KLCI rose by 0.90 of-a-point to 1,573.24, from yesterday’s close of 1,572.34.Market breadth was positive, with gainers outpacing losers 154 to 115. Meanwhile, 239 counters were unchanged, 1,861 untraded, and 9 suspended.UOB Kay Hian Wealth Advisors head of investment research Mohd Sedek Jantan said Trump has directed federal agencies to review existing tariff policies and broader trade relations, signalling a more measured approach.
He added that attention has now shifted to the US corporate earnings season, with early results, particularly from major banks, showing positive signs.Public Bank gained two sen to RM4.33, CIMB added one sen to RM8.01, and Tenaga Nasional slid four sen to RM13.74.
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