Malaysia Morning Wrap | US government shutdown ends, but October inflation data lost and job report incomplete

Moomoo News MY joined discussion · Nov 13, 2025 18:33

Key Takeaways:

• US Stock Market Tumbles as Tech and Non-Tech Sectors Face Broad Sell-Off

• US Government Shutdown Ends, but Economic Data Uncertainty Persists

• Bursa Malaysia Closes Marginally Higher After Choppy Trading Session

• Malaysian Market Sentiment Improves Amid Foreign Buying and Global Developments

• Stocks to watch: GENTING, PHARMA, etc.

🇺🇸Wall Street Summary

$S&P 500 Index (.SPX.US)$ 6,737.49 (-1.66%)

$Dow Jones Industrial Average (.DJI.US)$ 47,457.22 (-1.65%)

$Nasdaq Composite Index (.IXIC.US)$ 22,870.36 (-2.29%)

Major US stock indexes experienced significant declines on Thursday, with the $Nasdaq Composite Index (.IXIC.US)$ leading the downturn, falling 2.29% to 22,870.36. The $S&P 500 Index (.SPX.US)$ dropped 1.66% to 6,737.49, while the $Dow Jones Industrial Average (.DJI.US)$ fell 1.65% to 47,457.22.

The sell-off was broad-based, affecting both tech and non-tech sectors. Notable declines were seen in Big Tech companies like $Tesla (TSLA.US)$(-6.64%), $NVIDIA (NVDA.US)$(-3.58%), and $SanDisk (SNDK.US)$(-16.96%), while non-tech Dow components such as $Goldman Sachs (GS.US)$ (-3.99%) and $Disney (DIS.US)$ (-7.75%) also suffered losses.

The 43-day U.S. government shutdown ended Wednesday night, with federal workers returning to their jobs on Thursday. However, the impact on economic data reporting remains significant. The White House announced that the October inflation report might never be released, and while the October nonfarm payrolls numbers will be published, the unemployment rate won't be compiled.

This data uncertainty has affected Federal Reserve decision-making, with Fed Chair Jerome Powell indicating it could influence the likelihood of a rate cut in December. The CME FedWatch tool now estimates the probability of a 25-point rate cut at the Fed's December meeting at 49.6%, down from 95.5% a month ago.

🇲🇾Bursa Market Insight

$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ 1632.27 (+0.04%)

Top Gainer: $99SMART (5326.MY)$ RM3.200 (+1.91%)

Top Loser: $YTLPOWR (6742.MY)$RM3.790 (-2.57%)

USD/MYR: $USD/MYR (USDMYR.FX)$ 4.1290 (-0.17%)

The $FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ ended slightly higher on Thursday, gaining 0.66 points or 0.04% to close at 1,632.27, supported by banking and consumer stocks. The index experienced a volatile session, fluctuating between 1,631.15 and 1,635.27.

Despite the main index's positive close, losers outnumbered gainers 550 to 480. Market turnover improved to 3.95 billion units worth RM2.77 billion, reflecting increased trading activity compared to the previous day.

IPPFA Sdn Bhd director Mohd Sedek Jantan reported a constructive market sentiment in Malaysia, noting that foreign investors turned net buyers from Monday to Wednesday. This positive trend coincided with the strengthening of the ringgit. Globally, market sentiment improved following the reopening of the US government after President Donald Trump signed a bill passed by the House of Representatives.

🔍IPO Scanner

Malaysia Morning Wrap | US government shutdown ends, but October inflation data lost and job report incomplete

🔔Stocks to Watch

$GENTING (3182.MY)$ has extended its voluntary takeover offer for $GENM (4715.MY)$ to December 1, now owning 57.008% of GENM's shares. The offer, at RM2.35 per share, turned unconditional on November 3.

$PHARMA (7081.MY)$'s net profit plummeted 92.8% to RM7.28 million in Q3 FY2025, attributed to increased transport costs for delivering new products to East Malaysia. Revenue slightly decreased by 2.19% to RM1 billion, with no dividend declared for the quarter.

$OCK (0172.MY)$ is set to acquire Edotco Group's telecom tower operations in Laos and will build 30 new tower sites. The purchase price remains undisclosed, with no official filing to Bursa Malaysia yet.

REV Media Group, a subsidiary of $MEDIA (4502.MY)$, has completed the full acquisition of The Vocket Sdn Bhd, a Malay-language lifestyle and culture platform. REV Media acquired the remaining 48% equity interest, solidifying its position in the Malay digital media market.

$CITAGLB (7245.MY)$ has won a RM628 million contract from Jabatan Bekalan Air Malaysia for a raw water and flood mitigation project in Selangor. The 48-month design-and-build project includes constructing a weir, installing raw water pipelines, and upgrading 10 existing ponds, showcasing Citaglobal's involvement in major infrastructure development.

$DPHARMA (7148.MY)$ reported a 44.7% rise in Q3 net profit to RM22.57 million, with revenue up 6.6% to RM222.48 million. The improved performance was driven by a favorable product mix and strengthening ringgit, enhancing overall margins.

$CARLSBG (2836.MY)$ posted a net profit of RM103.03 million for Q3 2025, with revenue increasing 4.9% to RM583.37 million. The company declared a 25 sen interim dividend but expressed concerns about the potential impact of excise duty increases on consumer demand and illicit alcohol consumption.

$DLADY (3026.MY)$ reported an 86.1% jump in Q3 net profit to RM32.06 million, with revenue rising 5.4% to RM374.52 million. The growth was attributed to strong liquid milk sales, professional channel growth, and new product contributions.

$SPSETIA (8664.MY)$'s Q3 net profit fell 32% to RM68.03 million, with revenue declining 30.71% to RM872.26 million. The decrease was due to lower property development earnings and reduced land sales, despite a 78% year-on-year sales growth.

💡Buy or Sell?

Source: Dow Jones Newswires, Bursa Malaysia, The Malaysian Reserve, The Star, The Edge.

Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more