Malaysia Morning Wrap | ASEAN Trade Rises and Exports Climb Amid Strong Sectoral Demand
Key Takeaways:
• Three Major US Indices Rally More Than 1% as Trump Axes EU Tariff Threats on Greenland
• FBM KLCI Bounces Back to Retake 1,700 Level
• Malaysia ASEAN Trade Rises and Exports Climb Amid Strong Sectoral Demand
• Stocks to watch: Sunway, Carimin, etc.
🇺🇸 Wall Street Summary
$S&P 500 Index (.SPX.US)$ 6,875.62 (1.16%)
$Dow Jones Industrial Average (.DJI.US)$ 49,077.23 (1.21%)
$Nasdaq Composite Index (.IXIC.US)$ 23,224.83(1.18%)
Following U.S. President Donald Trump’s decision to scrap threatened tariffs on European nations over the Greenland issue, the three major US indices each posted a gain of over 1% on Wednesday.
The $Dow Jones Industrial Average (.DJI.US)$ rose 588.64 points (1.21%) to a 49,077.23 close, the $S&P 500 Index (.SPX.US)$ added 78.76 ticks (1.16%) to 6,875.62 and the $Nasdaq Composite Index (.IXIC.US)$ gained 270.50 points (1.18%) to 23,224.83.
Wall Street staged an early rebound on Wednesday, after U.S. President Donald Trump stated during a speech at the World Economic Forum in Davos, Switzerland, that while he still intends to acquire Greenland for purported national security reasons, he will not resort to force to seize the territory.
Wall Street's gains extended further in the latter half of Wednesday's trading session, after the U.S. President announced in an interview that he would scrap his planned tariffs on European goods. The decision followed the establishment of a framework for a future deal on Greenland, reached with the U.S.-European NATO alliance.
Wednesday's improved global trade sentiment fueled gains across a swathe of big tech names, including key Magnificent Seven stocks: $NVIDIA (NVDA.US)$ rose 3%, $Tesla (TSLA.US)$ strengthened 2.9% and $Alphabet-A (GOOGL.US)$ firmed 2%. Meanwhile, $Intel (INTC.US)$ surged 11.7%, $SanDisk (SNDK.US)$ gained 10.6%, $Advanced Micro Devices (AMD.US)$ climbed 7.7% and $Micron Technology (MU.US)$ advanced 6.6%.
🇲🇾Bursa Market Insight
$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ 1,705.81 (+0.40%)
$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ reclaimed the key 1,700 psychological level on Wednesday, staging a rebound after three consecutive sessions of losses. The 30-stock benchmark closed 6.75 points, or 0.4%, higher at 1,705.81, having recovered from an intraday trough of 1,693.95 and hit an intraday peak of 1,708.62 during the trading session.
On Bursa Malaysia, market breadth tilted toward gains, with 591 stocks advancing, 443 declining and 567 finishing unchanged. Total trading turnover came in at 2.94 billion shares, valued at RM3.14 billion.
Malaysia's trade volume with the Association of Southeast Asian Nations (ASEAN) rose 1.7% year-on-year to RM709.08 billion in the January–November 2025 period, accounting for 25.6% of the country’s total global trade of RM2.775 trillion over the same timeframe in 2024.
Malaysia's Ministry of Investment, Trade and Industry (Miti) reported that the country’s exports to ASEAN advanced 4.8% to RM418.78 billion, buoyed by robust demand for electrical and electronic (E&E) products, machinery, equipment and parts, as well as optical and scientific instruments.
Meanwhile, imports contracted 2.6% to RM290.30 billion, weighed down by a substantial drop in domestic demand for petroleum products, chemicals and chemical products, as well as transport equipment.
Malaysia will clarify and redefine key terms prior to finalising the ratification of its Agreement on Reciprocal Trade (ART) with the United States, amid concerns over national sovereignty and interests.
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🔔Stocks to Watch
$SUNWAY (5211.MY)$ reaffirmed it will proceed with its takeover offer for $IJM (3336.MY)$, even as the target is under an ongoing Malaysian Anti-Corruption Commission probe.
$CARIMIN (5257.MY)$ acquired a 19.5% stake in vessel builder $SEALINK (5145.MY)$ for RM39.98 million at 41 sen per share—above the latter’s 30.5 sen closing price—becoming its largest shareholder.
$SMRT (0117.MY)$ clarified that only its one-off deployment revenue may face headwinds from intensifying competition, while its long-term managed services contracts with $TENAGA (5347.MY)$ —the group’s top revenue driver—remain intact.
$BNASTRA (7195.MY)$ secured a RM742.9 million contract for the main building works of a 72-storey, three-tower serviced apartment project in Johor Bahru, which includes a RM20 million contingency sum and 2,743 total units.
$ELRIDGE (0318.MY)$ sealed a one-year biomass fuel supply deal with Thailand-based Berkana Power Company Ltd Jan 21, to grow its regional footprint in the segment.
$KIPREIT (5280.MY)$ posted a 49.9% year-on-year jump in net property income to RM32.41 million for Q2FY2026 (ended Dec 31, 2025), driven by new assets including DPulze Shopping Centre and KIPMall Desa Coalfields.
$PGLOBAL (5331.MY)$ posted flat net profit for Q3FY2026 (ended Nov 30, 2025), as a 4.58% revenue uptick was offset by a 5.7% rise in operating expenses.
💡Buy or Sell?
Source: Dow Jones Newswires, Bursa Malaysia, The Edge
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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