Last Friday, the Malaysian stock market finally halted a two-day slight decline, with the Kuala Lumpur Composite Index slightly rising at the close, now hovering around 1,610 points, and a further pump is expected on Monday. This rise is closely related to the positive interest rate expectations in the global market, with strong performances in the European and US markets, and the Asian market is expected to continue this trend.

On Friday, the Kuala Lumpur Composite Index slightly rose, thanks to the performance of the financial and industrial sectors, while other sectors such as plantation stocks and telecom stocks showed mixed results. The trading range for the day was between 1,595.32 and 1,611.32 points, ultimately rising by 10.58 points or 0.66%, closing at 1,609.05 points.

Many active stocks have also performed quite impressively. Some, like 99 Speed Mart Retail, rose by 1.47%, while AMMB Holdings increased by 0.90%. Some stocks were not as fortunate, such as Axiata, which fell by 1.52%, and Gamuda, which declined by 1.06%. Meanwhile, IHH Healthcare jumped by 1.76%, and Petronas Chemicals soared by 2.94%. There were also some stocks that remained stable, such as Celcomdigi and IOI Corporation.

The market trend on Wall Street is equally positive, with major stock indices almost remaining in the rise range throughout the day after opening last Friday. The Dow Jones Industrial Average surged 299.97 points or 0.65%, the NASDAQ gained 99.37 points or 0.44%, and the S&P 500 increased by 38.98 points or 0.59%. This market situation is partly due to a report released by the U.S. Department of Commerce, which showed that the rise in consumer prices in August met economists' expectations, adding to confidence that the Federal Reserve will continue to lower the Intrerest Rate in the coming months.

Additionally, Russia has announced a partial ban on diesel exports by the end of 2025, a move that has driven crude oil prices up. On Friday, the price of West Texas Intermediate crude oil for November futures rose by $0.59 or 0.91%, reaching $65.57 per barrel. Overall, the general optimism reflected in the market may continue to drive stock prices up in the coming days. What wave of performance do you expect from the stock market? Feel free to leave a message and interact with us!