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Mon, 15-Jun-2026 07:18 am
by Research Team • Apex Research

Malaysian Market Review. The FBM KLCI rose 0.24% to 1,683.63 on Friday, extending its gains for a third consecutive session amid selective buying in heavyweight counters and bargain hunting activities following the recent market weakness. However, market breadth turned negative, with 556 decliners against 513 advancers, suggesting gains were concentrated in selected large-cap stocks. Sector-wise, Telecommunications & Media (+1.32%), Transportation & Logistics (+0.94%) and Financial Services (+0.72%) led advances, while Energy (-1.21%), Healthcare (-0.92%) and Industrial Products & Services (-0.78%) were the main laggards.

 

Global Markets: U.S. equities ended higher on Friday, with the Dow Jones (+0.70%), S&P 500 (+0.50%) and Nasdaq (+0.31%) advancing as investors welcomed signs of easing Middle East tensions and lower oil prices. Sentiment was further supported by a strong market debut from SpaceX, reinforcing optimism towards growth and technology-related stocks. In Europe, the STOXX 600 gained 1.88%, supported by improving risk sentiment and hopes for a diplomatic resolution to tensions in the Middle East. Asian markets also closed broadly higher, led by the Kospi (+4.63%), Nikkei 225 (+2.81%), JCI (+2.07%) and Hang Seng (+1.93%), as investors reacted positively to easing geopolitical concerns.

 

Market Outlook. We expect the FBM KLCI to trade firmer, supported by improving global risk sentiment following U.S. President Donald Trump's announcement that an agreement with Iran has been reached, potentially paving the way for the reopening of the Strait of Hormuz and a gradual easing of sanctions. While Tehran has yet to formally confirm the agreement and negotiations are expected to continue over the coming months, the development has eased immediate concerns over supply disruptions in the Middle East and contributed to the recent decline in crude oil prices. Meanwhile, continued optimism surrounding AI and growth-related themes following the strong market debut of SpaceX may provide additional support to regional equity markets. However, uncertainty surrounding the final terms of the U.S.-Iran agreement, ongoing tensions involving Lebanon and the elevated U.S. 10-year Treasury yield at 4.49% could continue to drive market volatility and limit foreign fund inflows. On balance, we expect sentiment to remain constructive in the near term.

 

Sector focus. We favour Consumer, Transportation & Logistics, Aviation and Technology sectors, supported by lower crude oil prices and continued AI-related optimism. Conversely, Energy counters may face near-term pressure following the sharp decline in oil prices.

 

Technical Commentary: The FBM KLCI remains at a critical juncture, hovering around the neckline of a bearish Double Top formation. A decisive break below this level could signal further consolidation or downside risk in the weeks ahead. Should the KLCI decisively breach the 1,670-neckline support, the index may extend its decline towards 1,640. On the upside, resistance is expected around the 1,700 marks.

 

Company News 

Shareholders of Tan Chong Motor Holdings Bhd have rejected two proposed recurrent related-party transaction mandates involving Warisan TC Holdings Bhd and APM Automotive Holdings Bhd. (The Edge)

 

The family of Public Bank Bhd founder Tan Sri Dr Teh Hong Piow has begun reducing its stake in the bank through its first restricted offer for sale of shares to directors and employees. (The Edge)

 

TMK Chemical Bhd has proposed to acquire Chemical Company of Malaysia Bhd (CCM), a wholly-owned subsidiary of Batu Kawan Bhd, in a RM920 million cash-and-shares deal. (The Edge)

 

Paragon Union Bhd has been queried by Bursa Malaysia after unusually heavy trading triggered a sharp drop in its share price during Friday afternoon trading. (The Edge)

 

Mi Technovation Bhd announced the retirement of executive director Heng Kok Lin after he opted not to seek re-election at the company’s AGM. (The Edge)

 

IT Service provider Mesiniaga Bhd has secured a RM43.28 million contract from a Malayan Banking Bhd unit for the renewal of a licence subscription agreement. (The Edge)

 

Scanwolf Corp Bhd has secured a RM21 million contract to carry out foundation works for a nine-storey factory project in Bukit Raja, Klang. (The Edge)

 

Farm Fresh Bhd co-founder, managing director and chief executive officer Loi Tuan Ee has been accumulating shares in the dairy producer via the open market as the stock trades near nine-month lows. (The Edge)

 

Silver Ridge Holdings Bhd has secured a RM11.39 million subcontract linked to the Johor Bahru Rapid Transit System Link project. (The Edge)

 

Samaiden Group Bhd has terminated two memoranda of understanding (MOUs) for renewable energy and sustainability projects in Cambodia after the initiatives did not progress into definitive agreements. (The Edge)

 

Reach Ten Holdings Bhd has gained indirect exposure to Elon Musk’s SpaceX through a US$1 million (RM4.2 million) investment via Alta Fund Management. (The Edge)

Sentiment: Positive
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