Malaysia Stocks Open Lower Amid Cautious Year Start

📆 02/01/2025 02:54:00
📰 staronline

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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.

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