Malaysia Market Review: The FBM KLCI declined 0.2% on Wednesday’s trading session with lower liners following suit. Market breadth weakened, with 483 gainers against 631 losers. Across sectors, Construction (+0.7%) led gains as Department of Statistics Malaysia reported a 10.6% growth in construction sector activities in the third quarter of 2025, whereas Technology (-0.7%) and Healthcare (-0.5%) were the weakest performers. Foreign investors were net buyers for a third consecutive day, reflecting improving risk appetite.
Global Markets Review: Wall Street delivered a mixed performance after a volatile trading session, with the Dow climbing 0.6% to notch another record close, the S&P 500 edging up 0.1%, and the Nasdaq slipping 0.3%. Investors kept a close watch on developments in Washington, where the House of Representatives is set to vote today on a Senate-approved spending bill aimed at reopening the federal government by the end of the week. Meanwhile, European markets extended their positive momentum, with the STOXX 600 recording a second straight record close, rising 0.7% on stronger-than-expected quarterly earnings from financials. Asian equities also advanced amid improving global risk sentiment, with the KOSPI up 1.1%, the Hang Seng Index up 0.9%, and the Nikkei 225 gaining 0.4%.
Market Outlook. The FBM KLCI is expected to trade with a constructive bias, supported by optimism over the anticipated reopening of the US federal government, which would allow key economic data releases to resume amid signs of labour-market softness. However, a senior White House official cautioned that several major October reports may still not be released due to the shutdown, warning that the prolonged impasse could have caused lasting damage to the government’s data-collection operations. Investors will also be watching the final batch of US corporate earnings, while domestically, attention shifts to the 3Q GDP release this Friday and the start of the local earnings season for further guidance on tariff impacts and overall macro momentum.
Sector focus. We continue to hold a positive view on selective construction, power ancillary, and renewable energy stocks, underpinned by data centre growth and the ongoing shift toward cleaner energy. Additionally, we prefer select consumer names, especially within the staples segment, supported by stable domestic consumption and strong earnings visibility.
Technical Commentary: The FBM KLCI pared earlier gains to end the day lower above all major moving averages, indicating the uptrend is still intact. Indicators remained positive, with the MACD Line trading above the Signal Line, while the RSI stays above 50. The next resistance is located at 1,660. Support is envisaged at around 1,600.
Company News (source: various)
VSTECS Bhd expects to post another year of record revenue and profitability after delivering its strongest-ever quarterly performance for the third quarter, underpinned by the accelerating adoption of digital technologies, cloud computing and AI.
Swift Haulage Bhd reported a 23.7% increase in net profit for the third quarter ended Sept 30, 2025 (3QFY2025), driven by stronger margins from its freight forwarding segment and higher revenue across all divisions.
Automotive replacement part maker New Hoong Fatt Holdings Bhd saw its net profit for the third quarter climb 83%, despite lower overall sales, thanks to lower costs and foreign exchange losses.
United Plantations Bhd reported a 5.5% dip in net profit for the third quarter as higher operating costs and lower other income offset a rise in revenue, and higher income tax expense led to a profit decline.
E-commerce-based furniture exporter Synergy House Bhd saw a 74.8% drop in net profit for the third quarter on softer market demand linked to US tariffs.
Kerjaya Prospek Group Bhd has secured a RM56.4 million construction contract from the Penang Chief Minister’s Department.
Privasia Technology Bhd will now independently lead the development of a planned data centre project in Bagan Datuk, Perak.
Alliance Bank Malaysia Bhd has partnered with local solar energy firm AQ Energy (Max Bell Sdn Bhd) to develop solar and battery solutions for SMEs.
Stockbroker M&A Equity Holdings Bhd plans to fork out RM2.03 million cash to acquire a 60% stake in Klever Stock Sdn Bhd, a local stock market data analytics firm.
Advance Information Marketing Bhd was flagged for material uncertainty over the business process outsourcing company’s ability to stay afloat.
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| Currency | Buy Rates (RM) | Sell Rates (RM) |
|---|---|---|
| USD | 4.111095 | 4.143895 |
| EUR | 4.789157 | 4.798654 |
| CNY | 0.581054 | 0.581649 |
| HKD | 0.528955 | 0.533187 |
| SGD | 3.160793 | 3.186131 |