{"id":101534,"date":"2025-08-28T06:43:09","date_gmt":"2025-08-28T06:43:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/101534\/"},"modified":"2025-08-28T06:43:09","modified_gmt":"2025-08-28T06:43:09","slug":"fbm-klci-climbs-on-wall-sts-rebound","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/101534\/","title":{"rendered":"FBM KLCI climbs on Wall St’s rebound"},"content":{"rendered":"

KUALA LUMPUR: The FBM KLCI extended its recovery at Thursday’s open, helped higher by Wall Street’s positive performance although Nvidia’s decline in after-hours trading could put a cap on sentiment.<\/p>\n

Blue chips on the local benchmark index continued to retrace higher after Tuesday’s slump as investors took profit from overbought valuations.<\/p>\n

At 9am, the FBM KLCI was up 1.35 points to 1,589.26, with bank stocks doing most of the heavy lifting.<\/p>\n

Maybank rose 11 sen to RM9.90, Hong Leong Bank gained 18 sen to RM19.92 and Public Bank added three sen to RM4.36.<\/p>\n

Consumer counter Nestle, which has been trending higher, jumped RM1.28 to RM95.40.<\/p>\n

“We expect the local bourse to track the Wall Street movements, but the upside might be limited as Nvidia\u2019s results caused the stock to fall 3% in after-market<\/p>\n

trading,” said Malacca Securities in a note.<\/p>\n

However, the research firm reiterated its support for technology names such as Frontken Corp and Inari Amertron<\/a><\/a> given their roles as proxies for Apple, TSMC and Broadcom.<\/p>\n

It also favoured utility stocks YTL Power and MN Holdings, as well as solar-related coutners Solarvest, Pekat and Northern Solar.<\/p>\n

In a separate report, Rakuten Trade said the previous day’s reversal on support from local institutions was encouraging as it displayed the market’s resilience.<\/p>\n

“For today, we expect the index to possibly trend within the 1,590-1,605 range,” it said in its review.<\/p>\n

Among actives, NationGate dropped two sen to RM1.38, Sime Darby jumped six sen to RM1.96 and TWL was flat at 2.5 sen.<\/p>\n","protected":false},"excerpt":{"rendered":"KUALA LUMPUR: The FBM KLCI extended its recovery at Thursday’s open, helped higher by Wall Street’s positive performance…\n","protected":false},"author":2,"featured_media":101535,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[64,63,11819,99,11821,11820,171,5473,1610],"class_list":["post-101534","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-au","tag-australia","tag-bursa-malaysia","tag-business","tag-equities","tag-klci","tag-markets","tag-stock","tag-trading"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/101534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=101534"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/101534\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/101535"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=101534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=101534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=101534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}