News Formal

Malaysia Stocks Open Lower Amid Cautious Year Start

  • 📰 staronline
  • ⏱ Reading Time:
  • 22 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 75%

Business News

STOCK MARKET,INVESTORS,MALAYSIA

Malaysia's benchmark stock index opened lower on the first trading day of 2025, reflecting investor caution over the return of the Trump administration to the White House. Despite a 13% gain in 2024, foreign selling in the fourth quarter disappointed expectations. Analysts anticipate a potential surge in construction, building materials, and utilities earnings driven by data center investments.

KUALA LUMPUR: Investors treaded carefully into the new year amid ongoing caution over the return of the Trump administration to the White House later this month.

Despite the index registering a 13% gain over the year, the accelerated foreign selling in the fourth quarter of the year disappointed the projections of most research firms, which had expected a more bullish closing level. The research firm said the negative performance may cap the upside for the technology sector for now, while it favours the oil and gas sector following the rebound in Brent crude oil prices.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FBM KLCI ends lower, dragged by banking stocks amid regional downturnIndia's chess star Gukesh Dommaraju returned to a hero's welcome in his home city on Monday after becoming the youngest world champion aged only 18.
Source: staronline - 🏆 4. / 75 Read more »