Bursa Malaysia forges ahead on improving global trade outlook

KUALA LUMPUR: The upward momentum on Bursa Malaysia continued on Monday as there has been a swell of optimism that trade negotiations between the US and China are likely to kick off in the near term.

At 9.05am, the benchmark FBM KLCI was up 2.84 points to 1,545.33, with the buying interest picking up where it left off last Friday.

Wall Street closed off the week on a high note as the latest US payrolls report came in better than expected, signaling that the economy remained on firm ground.

On the technical end of things, TA Securities Research noted that prices were showing signs of overheating following two weeks of positive recovery.

“Short-term technical momentum indicators on the FBM KLCI are

approaching overbought levels, implying that the local benchmark index could pause for a consolidation phase due to profit-taking interest.”

However, the research firm said weekly indicators remained bullish, signaling that the potential downside may be limited by hopes of a resolution to the ongoing US-China trade war.

Rakuten Trade said in its market commentary it is heartened by the return of foreign buying, retracing the unprecedented outflows since the start of 2025.

“As such, we believe the index to trend within the 1,540-1,555 range today. Finally, it is also

worthwhile to note that the Ringgit has strengthened to RM4.26/USD1,” it said.

Engineering firm West River listed on the ACE Market today at a mild 0.5 sen premium over its initial public offering price at 39.5 sen.

The share was the top traded with 21.15 million units changing hands.

Other top traded stocks included SFP Tech, gaining 1.5 sen to 23.5 sen, while Nationgate added five sen to RM1.57.