{"id":10884,"date":"2025-09-12T03:16:11","date_gmt":"2025-09-12T03:16:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/10884\/"},"modified":"2025-09-12T03:16:11","modified_gmt":"2025-09-12T03:16:11","slug":"fbm-klci-stays-steady-as-wall-street-hits-record-highs","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/10884\/","title":{"rendered":"FBM KLCI stays steady as Wall Street hits record highs"},"content":{"rendered":"<p>\u00a0<\/p>\n<p>KUALA LUMPUR: The FBM KLCI started Friday steady, taking cues from Wall Street\u2019s record highs but still waiting for fresh local drivers.<\/p>\n<p>Overnight, Wall Street indices closed at record highs. The S&amp;P 500 rose 0.85% to finish at 6,587.47 points.<\/p>\n<p>The Nasdaq gained 0.72% to 22,043.08 points, while the Dow advanced 1.36% to 46,108.00 points.<\/p>\n<p>On the local bourse, the FBM KLCI rose 2.72 points, or 0.17%, to 1,585.57 at 9.17 am, after opening 5.19 points higher at 1,588.04.<\/p>\n<p>Nestle rose 78 sen to RM96.28, F&amp;N climbed 34 sen to RM27.34, <a href=\"https:\/\/www.thestar.com.my\/business\/marketwatch\/stocks\/?qcounter=MPI\" target=\"_blank\" rel=\"nofollow noopener\">Malaysian Pacific Industries<\/a><a href=\"http:\/\/charts.thestar.com.my\/?s=MPI\" target=\"_blank\" rel=\"nofollow noopener\"><img decoding=\"async\" class=\"go-chart\" src=\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2025\/09\/chart.png\"\/><\/a> added 28 sen to RM28.50 and Heineken advanced 16 sen to RM20.50.<\/p>\n<p>Among the decliners, <a href=\"https:\/\/www.thestar.com.my\/business\/marketwatch\/stocks\/?qcounter=DLADY\" target=\"_blank\" rel=\"nofollow noopener\">Dutch Lady<\/a><a href=\"http:\/\/charts.thestar.com.my\/?s=DLADY\" target=\"_blank\" rel=\"nofollow noopener\"><img decoding=\"async\" class=\"go-chart\" src=\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2025\/09\/chart.png\"\/><\/a> slid 26 sen to RM27.14, Eurospan fell 18 sen to RM2.50, Paragon Union lost 12 sen to RM2.80 and Hong Leong Industries gave up six sen to RM13.72.<\/p>\n<p>Berjaya Research Sdn Bhd said the recent recovery appears to have lost momentum, with the key index likely entering a consolidation phase as the market searches for fresh domestic catalysts.<\/p>\n<p>In the near term, sentiment is expected to remain cautious, with external developments likely to play a more dominant role in steering the FBM KLCI\u2019s direction.<\/p>\n<p>\u201cGiven the absence of strong domestic catalysts, investors should brace for a period of sideways consolidation and adopt a more selective approach.<\/p>\n<p>\u201cDespite the stickier U.S. inflation data, expectations of an imminent Fed rate cut may cushion downside risks, if any,\u201d the research house said.<\/p>\n<p>Technically, Berjaya Research said the FBM KLCI\u2019s gap-down move reinforces the consolidation view, with resistance at the 1,600 psychological level and then 1,603.<\/p>\n<p>On the downside, support is seen at 1,570, with the next level at 1,560.<\/p>\n<p>\u201cAs we approach the final trading day of the week ahead of the extended weekend break, we expect the broader market sentiment to stay largely indifferent.<\/p>\n<p>\u201cTrading activities may remain muted, with investors likely to adopt a wait-and-see stance until fresh catalysts emerge in the coming week,\u201d Berjaya Research said.<\/p>\n<p>Meanwhile, Rakuten Trade noted that the FBM KLCI paused for a breather, easing to nearly the 1,580 level after a bright start to the week.<\/p>\n<p>\u201cHopefully, we will see an immediate rebound tomorrow as the local bourse remains one of the underperformers in the region.<\/p>\n<p>\u201cHowever in view of another extended long weekend, we expect the index to hover between the 1,575-1,585 range today,\u201d it said.<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"\u00a0 KUALA LUMPUR: The FBM KLCI started Friday steady, taking cues from Wall Street\u2019s record highs but still&hellip;\n","protected":false},"author":2,"featured_media":10885,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[11765,114,11763,85,46,11764,190,196],"class_list":{"0":"post-10884","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-bursa-malaysia","9":"tag-business","10":"tag-fbm-klci","11":"tag-il","12":"tag-israel","13":"tag-klci","14":"tag-markets","15":"tag-wall-street"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/10884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=10884"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/10884\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/10885"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=10884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=10884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=10884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}