Bursa Malaysia maintains rally as progress seen in US tariffs negotiations
The benchmark FBM KLCI rose 1.03 points to 1,533.99, continuing its ascend for the fourth straight session.
Overnight, Wall Street stocks ended higher amid progress between the US and its trading partners ahead of the end of the 90-day tariff reprieve next week.
Malacca Securities said it maintains a positive stance on the construction and utility sectors, given the foreign inflows into the data centres segment.
"Also, we note that with Tenaga's CapEx extending into 2H25, we
believe it will benefit power infrastructure specialist as well as cable manufacturers going forward.
"For a defensive approach, we believe REIT will be favourable to outperform, in view of the sector's average dividend yield, which stands at 4-5%," it said in its market commentary.
Among the blue chips, Nestle rose 56 sen to RM77.27, Tenaga Nasional gained 10 sen to RM14.48 and PPB climbed eight sen to RM10.36.
Of actives, NexG rose 0.5 sen to 37.5 sen, SFP Tech was flat at 20 sen and Magma was unchanged at 49 sen.
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