Trader’s Look at Market – “Malaysia Constructions got Stunned” (20 Jan 2025)

Bryant Moomoo MY wrote a column · Jan 20 10:04

Global Market

$Dow Jones Industrial Average (.DJI.US)$ : +3.39%

S&P 500 Has Its Best Week Since November Election. Trump’s return to the White House will likely shield US stocks from a big selloff and forecasting that 9% earnings growth this year will drive the S&P 500 to 6,600 by the end of the year. Nvidia Corp. and Tesla Inc. led gains in mega caps, while Intel Corp. jumped 9.2% on a report the chipmaker is an acquisition target.

Malaysia Market

$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ +2.23% weekly.

Malaysia's benchmark Kuala Lumpur Composite Index is 0.2% higher at 1569.55. The KLCI is likely to extend Friday's rally, supported by robust liquidity and a positive economic sentiment

Local currency depreciated further to settle at 4.5065 while Malaysia govvy 10 years yield closed at 3.828%.

Trader’s Look at Market – “Malaysia Constructions got Stunned” (20 Jan 2025)

Focus

Malaysian $Construction (LIST22974.MY)$ stocks face pressure as investors cut exposure to data center plays, driven by U.S. chip export restrictions, uncertain outlooks, and cautious sentiment impacting tech-linked equities.