M+ Market Buzz - 28Jul26
Dow Jones: 52,210.08 pts (+262.83pts, +0.51%)
⬆️ Resistance: 53700
⬇️ Support: 50600
FBM KLCI: 1,713.09 pts (+12.07pts, +0.71%)
⬆️ Resistance: 1770
⬇️ Support: 1670
HSI Index: 25,207.18 pts (+243.95pts, +0.98%)
⬆️ Resistance: 25800
⬇️ Support: 24400
Crude Palm Oil: RM4,673 (-RM10, -0.21%)
⬆️ Resistance: 4890
⬇️ Support: 4500
Brent Oil: $88.36 (-$8.42, -8.70%)
⬆️ Resistance: 104.10
⬇️ Support: 85.70
Gold: $4,076.26 (-$3.53, -0.09%)
⬆️ Resistance: 4250
⬇️ Support: 3920
Source: Bloomberg, M+Global
Dow Jones: 52,210.08 pts (+262.83pts, +0.51%)
⬆️ Resistance: 53700
⬇️ Support: 50600
FBM KLCI: 1,713.09 pts (+12.07pts, +0.71%)
⬆️ Resistance: 1770
⬇️ Support: 1670
HSI Index: 25,207.18 pts (+243.95pts, +0.98%)
⬆️ Resistance: 25800
⬇️ Support: 24400
Crude Palm Oil: RM4,673 (-RM10, -0.21%)
⬆️ Resistance: 4890
⬇️ Support: 4500
Brent Oil: $88.36 (-$8.42, -8.70%)
⬆️ Resistance: 104.10
⬇️ Support: 85.70
Gold: $4,076.26 (-$3.53, -0.09%)
⬆️ Resistance: 4250
⬇️ Support: 3920
Source: Bloomberg, M+Global
👍2😁1
M+ Global Market Update – 28Jul26
Falling Oil Set To Trigger 'Risk-On' Mode
US: Despite the mixed closing print in US markets, Wall Street is expected to extend gains as falling crude oil prices ignite risk appetite across equities. Easing energy costs provide welcome relief for inflation expectations, boosting market sentiment ahead of a heavy week of Q2 corporate earnings releases and key macroeconomic data, including the Federal Reserve policy decision, nonfarm payrolls, and Q2 GDP prints. Investors will closely monitor mega-cap tech and industrial scorecards to gauge earnings resilience and forward capital expenditure plans.
MY: The FBM KLCI could rebound further, despite Wall Street’s mixed overnight performance. Near-term domestic sentiment will be supported as funds re-evaluate the local tech sector, driven by testing and solutions providers moving up the value chain; SNS continues its rally following a record RM1.22bn AI server win, while AEMULUS gains traction after securing RM15.11m in South Korean orders for AI test systems. Meanwhile, the upcoming Negeri Sembilan state election and the return of Formula 1 to Sepang in October are taking centre stage and are likely to bode well for tourist inflows and retail spending, translating into earnings for consumer players such as 99SMART, SPRITZER, and FFB.
Stocks to watch:
Technology: ECA, *NOTION*, SCOMNET, *UWC*
Building Material: *MCEMENT*, MSC
O&G: *ARMADA*
Financial: *CIMB*
Consumer: *KOPI*
Plantation: TSH
**Source: M+ Global**
Falling Oil Set To Trigger 'Risk-On' Mode
US: Despite the mixed closing print in US markets, Wall Street is expected to extend gains as falling crude oil prices ignite risk appetite across equities. Easing energy costs provide welcome relief for inflation expectations, boosting market sentiment ahead of a heavy week of Q2 corporate earnings releases and key macroeconomic data, including the Federal Reserve policy decision, nonfarm payrolls, and Q2 GDP prints. Investors will closely monitor mega-cap tech and industrial scorecards to gauge earnings resilience and forward capital expenditure plans.
MY: The FBM KLCI could rebound further, despite Wall Street’s mixed overnight performance. Near-term domestic sentiment will be supported as funds re-evaluate the local tech sector, driven by testing and solutions providers moving up the value chain; SNS continues its rally following a record RM1.22bn AI server win, while AEMULUS gains traction after securing RM15.11m in South Korean orders for AI test systems. Meanwhile, the upcoming Negeri Sembilan state election and the return of Formula 1 to Sepang in October are taking centre stage and are likely to bode well for tourist inflows and retail spending, translating into earnings for consumer players such as 99SMART, SPRITZER, and FFB.
Stocks to watch:
Technology: ECA, *NOTION*, SCOMNET, *UWC*
Building Material: *MCEMENT*, MSC
O&G: *ARMADA*
Financial: *CIMB*
Consumer: *KOPI*
Plantation: TSH
**Source: M+ Global**
M+ Global Market Wrap - 28Jul26
FBM KLCI: 1,712.48 pts (-0.61pts, -0.04%)
Amidst a widespread sell-off in technology and chip stocks across Asia and ahead of the crucial US Federal Reserve meeting, the local bourse traded on a cautious tone today, with market breadth stayed negative as 717 losers outpaced 348 gainers. The FBM KLCI was dragged down by 99SMART (-13.0 sen) and PCHEM (-13.0 sen), the latter likely impacted by falling oil prices following hopes of US-Iran de-escalation. Sector wise, Reit (+0.46%) outperformed, led by KLCC (+15.0 sen) and SUNREIT (+2.0 sen), while Technology (-2.27%) lagged the most.
Top 3 Active stocks:
VS (6963): RM0.220 (-1.0 sen)
TANCO (2429): RM0.260 (+1.5 sen)
ZETRIX (0138): RM0.690 (+0.5 sen)
Top 3 Gainer stocks:
NESTLE (4707): RM93.66 (+236.0 sen)
IDEAL (9687): RM4.00 (+25.0 sen)
HLBANK (5819): RM22.30 (+20.0 sen)
Top 3 Loser stocks:
MPI (3867): RM44.00 (-206.0 sen)
UMSINT (5340): RM7.22 (-68.0 sen)
F&N (3689): RM27.50 (-34.0 sen)
Volume: 2.94 bn (100-bar avg vol: 3.39 bn)
Value: RM2.57 bn (100-bar avg val: RM3.23 bn)
Market Breadth: ⬆️348 ⬇️717
Crude Palm Oil: RM4,673 (-RM36, -0.77%)
Dow Futures: 52,490 pts (+108 pts)
**Source: M+ Global, Bloomberg **
FBM KLCI: 1,712.48 pts (-0.61pts, -0.04%)
Amidst a widespread sell-off in technology and chip stocks across Asia and ahead of the crucial US Federal Reserve meeting, the local bourse traded on a cautious tone today, with market breadth stayed negative as 717 losers outpaced 348 gainers. The FBM KLCI was dragged down by 99SMART (-13.0 sen) and PCHEM (-13.0 sen), the latter likely impacted by falling oil prices following hopes of US-Iran de-escalation. Sector wise, Reit (+0.46%) outperformed, led by KLCC (+15.0 sen) and SUNREIT (+2.0 sen), while Technology (-2.27%) lagged the most.
Top 3 Active stocks:
VS (6963): RM0.220 (-1.0 sen)
TANCO (2429): RM0.260 (+1.5 sen)
ZETRIX (0138): RM0.690 (+0.5 sen)
Top 3 Gainer stocks:
NESTLE (4707): RM93.66 (+236.0 sen)
IDEAL (9687): RM4.00 (+25.0 sen)
HLBANK (5819): RM22.30 (+20.0 sen)
Top 3 Loser stocks:
MPI (3867): RM44.00 (-206.0 sen)
UMSINT (5340): RM7.22 (-68.0 sen)
F&N (3689): RM27.50 (-34.0 sen)
Volume: 2.94 bn (100-bar avg vol: 3.39 bn)
Value: RM2.57 bn (100-bar avg val: RM3.23 bn)
Market Breadth: ⬆️348 ⬇️717
Crude Palm Oil: RM4,673 (-RM36, -0.77%)
Dow Futures: 52,490 pts (+108 pts)
**Source: M+ Global, Bloomberg **
M+ Market Buzz - 29Jul26
Dow Jones: 52,747.32 pts (+537.24pts, +1.03%)
⬆️ Resistance: 54000
⬇️ Support: 50600
FBM KLCI: 1,712.48 pts (-0.61pts, -0.04%)
⬆️ Resistance: 1760
⬇️ Support: 1670
HSI Index: 25,310.85 pts (+103.67pts, +0.41%)
⬆️ Resistance: 26000
⬇️ Support: 24400
Crude Palm Oil: RM4,642 (+RM11, +0.24%)
⬆️ Resistance: 4890
⬇️ Support: 4510
Brent Oil: $84.09 (-$4.27, -4.83%)
⬆️ Resistance: 104.10
⬇️ Support: 80.90
Gold: $4,029.61 (-$11.28, -0.28%)
⬆️ Resistance: 4250
⬇️ Support: 3940
Source: Bloomberg, M+Global
Dow Jones: 52,747.32 pts (+537.24pts, +1.03%)
⬆️ Resistance: 54000
⬇️ Support: 50600
FBM KLCI: 1,712.48 pts (-0.61pts, -0.04%)
⬆️ Resistance: 1760
⬇️ Support: 1670
HSI Index: 25,310.85 pts (+103.67pts, +0.41%)
⬆️ Resistance: 26000
⬇️ Support: 24400
Crude Palm Oil: RM4,642 (+RM11, +0.24%)
⬆️ Resistance: 4890
⬇️ Support: 4510
Brent Oil: $84.09 (-$4.27, -4.83%)
⬆️ Resistance: 104.10
⬇️ Support: 80.90
Gold: $4,029.61 (-$11.28, -0.28%)
⬆️ Resistance: 4250
⬇️ Support: 3940
Source: Bloomberg, M+Global
👍2
M+ Global Market Update – 29Jul26
Selected Strong Earnings to Drive Local Tech Buying
US: Sector rotation has intensified following the ChangXin Memory Technologies IPO, which triggered a sell-off in memory stocks like Micron and SK Hynix. Investors fear that future Chinese capacity expansion could pressure traditional memory pricing down the road. Coupled with SK Hynix’s earnings miss, sending its stock lower post-market and we believe Wall Street may trade on a cautious tone ahead. Key focus shifts to upcoming Q2 GDP figures, weekly jobless claims, and the Federal Reserve policy decision. With tech under pressure, expect capital to flow toward defensive plays in consumer and financials, such as Walmart (WMT), Procter & Gamble (PG), and JPMorgan Chase (JPM).
MY: Meanwhile, on the local front, overall sentiment may rebound, though upside will be limited by the global tech rout. Semiconductor weakness could cap index gains, but stock-specific earnings breakouts offer clear trading opportunities. Focus turns to DUFU, after its quarterly profit surged nearly fivefold to RM13.9m on robust HDD demand, and OGX following a 51.2% YoY net profit jump to RM23.2m. Amid fragile tech sentiment, investors should shelter in defensive plays with stable cash flows, favouring consumer heavyweights like 99SMART and SPRITZER, alongside utilities anchor TENAGA.
Stocks to watch:
Technology: *AMS*, *CTOS*, *NOTION*
Construction: KEEMING, PESONA, *SET*
Building Material: *MCEMENT*
Consumer: *MFLOUR*
O&G: ARMADA
**Source: M+ Global**
Selected Strong Earnings to Drive Local Tech Buying
US: Sector rotation has intensified following the ChangXin Memory Technologies IPO, which triggered a sell-off in memory stocks like Micron and SK Hynix. Investors fear that future Chinese capacity expansion could pressure traditional memory pricing down the road. Coupled with SK Hynix’s earnings miss, sending its stock lower post-market and we believe Wall Street may trade on a cautious tone ahead. Key focus shifts to upcoming Q2 GDP figures, weekly jobless claims, and the Federal Reserve policy decision. With tech under pressure, expect capital to flow toward defensive plays in consumer and financials, such as Walmart (WMT), Procter & Gamble (PG), and JPMorgan Chase (JPM).
MY: Meanwhile, on the local front, overall sentiment may rebound, though upside will be limited by the global tech rout. Semiconductor weakness could cap index gains, but stock-specific earnings breakouts offer clear trading opportunities. Focus turns to DUFU, after its quarterly profit surged nearly fivefold to RM13.9m on robust HDD demand, and OGX following a 51.2% YoY net profit jump to RM23.2m. Amid fragile tech sentiment, investors should shelter in defensive plays with stable cash flows, favouring consumer heavyweights like 99SMART and SPRITZER, alongside utilities anchor TENAGA.
Stocks to watch:
Technology: *AMS*, *CTOS*, *NOTION*
Construction: KEEMING, PESONA, *SET*
Building Material: *MCEMENT*
Consumer: *MFLOUR*
O&G: ARMADA
**Source: M+ Global**
M+ Global Market Wrap - 29Jul26
FBM KLCI: 1,715.56 pts (+3.08pts, +0.18%)
Despite renewed geopolitical tensions in the Middle East following the resumption of US-Iran strikes and a subsequent jump in global oil prices, the local bourse traded on a positive tone with market breadth remaining positive as 550 gainers outpaced 476 losers. The FBM KLCI was buoyed by PCHEM (+10.0 sen) and CDB (+9.0 sen). Sector wise, Telecommunications (+1.22%) outperformed, led by CDB (+9.0 sen) and MAXIS (+9.0 sen), while Energy (-0.36%) lagged the most.
Top 3 Active stocks:
ZETRIX (0138): RM0.705 (+1.5 sen)
TANCO (2429): RM0.255 (-0.5 sen)
VELESTO (5243): RM0.245 (UNCH)
Top 3 Gainer stocks:
NESTLE (4707): RM96.78 (+312.0 sen)
UTDPLT (2089): RM34.00 (+100.0 sen)
HEIM (3255): RM19.28 (+22.0 sen)
Top 3 Loser stocks:
HLBANK (5819): RM22.04 (-26.0 sen)
SAM (9822): RM4.24 (-26.0 sen)
UMSINT (5340): RM7.00 (-22.0 sen)
Volume: 2.97 bn (100-bar avg vol: 3.38 bn)
Value: RM2.49 bn (100-bar avg val: RM3.20 bn)
Market Breadth: ⬆️550 ⬇️476
Crude Palm Oil: RM4,642 (+RM30, +0.65%)
Dow Futures: 52,963 pts (+19 pts)
**Source: M+ Global, Bloomberg **
FBM KLCI: 1,715.56 pts (+3.08pts, +0.18%)
Despite renewed geopolitical tensions in the Middle East following the resumption of US-Iran strikes and a subsequent jump in global oil prices, the local bourse traded on a positive tone with market breadth remaining positive as 550 gainers outpaced 476 losers. The FBM KLCI was buoyed by PCHEM (+10.0 sen) and CDB (+9.0 sen). Sector wise, Telecommunications (+1.22%) outperformed, led by CDB (+9.0 sen) and MAXIS (+9.0 sen), while Energy (-0.36%) lagged the most.
Top 3 Active stocks:
ZETRIX (0138): RM0.705 (+1.5 sen)
TANCO (2429): RM0.255 (-0.5 sen)
VELESTO (5243): RM0.245 (UNCH)
Top 3 Gainer stocks:
NESTLE (4707): RM96.78 (+312.0 sen)
UTDPLT (2089): RM34.00 (+100.0 sen)
HEIM (3255): RM19.28 (+22.0 sen)
Top 3 Loser stocks:
HLBANK (5819): RM22.04 (-26.0 sen)
SAM (9822): RM4.24 (-26.0 sen)
UMSINT (5340): RM7.00 (-22.0 sen)
Volume: 2.97 bn (100-bar avg vol: 3.38 bn)
Value: RM2.49 bn (100-bar avg val: RM3.20 bn)
Market Breadth: ⬆️550 ⬇️476
Crude Palm Oil: RM4,642 (+RM30, +0.65%)
Dow Futures: 52,963 pts (+19 pts)
**Source: M+ Global, Bloomberg **
M+ Market Buzz - 30Jul26
Dow Jones: 51,594.14 pts (-1153.18pts, -2.19%)
⬆️ Resistance: 54000
⬇️ Support: 50600
FBM KLCI: 1,715.56 pts (+3.08pts, +0.18%)
⬆️ Resistance: 1760
⬇️ Support: 1670
HSI Index: 25,807.92 pts (+497.07pts, +1.96%)
⬆️ Resistance: 26400
⬇️ Support: 24400
Crude Palm Oil: RM4,664 (-RM11, -0.24%)
⬆️ Resistance: 4890
⬇️ Support: 4520
Brent Oil: $90.74 (+$6.65, +7.91%)
⬆️ Resistance: 104.10
⬇️ Support: 80.90
Gold: $4,067.56 (+$24.03, +0.59%)
⬆️ Resistance: 4230
⬇️ Support: 3920
Source: Bloomberg, M+Global
Dow Jones: 51,594.14 pts (-1153.18pts, -2.19%)
⬆️ Resistance: 54000
⬇️ Support: 50600
FBM KLCI: 1,715.56 pts (+3.08pts, +0.18%)
⬆️ Resistance: 1760
⬇️ Support: 1670
HSI Index: 25,807.92 pts (+497.07pts, +1.96%)
⬆️ Resistance: 26400
⬇️ Support: 24400
Crude Palm Oil: RM4,664 (-RM11, -0.24%)
⬆️ Resistance: 4890
⬇️ Support: 4520
Brent Oil: $90.74 (+$6.65, +7.91%)
⬆️ Resistance: 104.10
⬇️ Support: 80.90
Gold: $4,067.56 (+$24.03, +0.59%)
⬆️ Resistance: 4230
⬇️ Support: 3920
Source: Bloomberg, M+Global
M+ Global Market Update – 30Jul26
Surging Yields Kill Risk Appetite
US: Wall Street is expected to remain cautious as the Fed kept interest rates unchanged at 3.50%–3.75%. A hawkish hold, highlighted by three dissenting votes advocating for a 25bps rate hike, alongside a surge in the 10-year US Treasury yield to 4.66%, reinforces the "higher-for-longer" interest rate narrative. While higher yields present headwinds for rate-sensitive tech, strong earnings from Alphabet and SK Hynix should offer a cushion for AI-related counters as investors await key results from Apple (AAPL) and Amazon (AMZN). Meanwhile, escalating US–Iran tensions are pushing crude oil prices higher, driving market leadership towards energy heavyweights such as ExxonMobil (XOM) and Chevron (CVX).
MY: Against this backdrop, the local bourse is expected to trade on a selective footing. Higher crude oil prices should spur buying interest in the oil and gas space, favouring key counters such as DIALOG, DAYANG, ARMADA, and VELESTO. Also, we expect HENGYUAN and PCHEM to benefit from prolonged supply disruption uncertainties in the Strait of Hormuz. In the Technology sector, upside gains may be capped following negative overnight performance on Wall Street. However, we still like DUFU and NOTION, where the former has produced stellar results which may benefit sentiment among HDD players.
Stocks to watch:
Technology: *ATECH*, ICENTS
Consumer: *LWSABAH*, SPRITZER
Financial: *CIMB*, PBBANK
Utility: *RANHILL*
Construction: *UUE*
Building Material: *MSC*
Plantation: JPG
**Source: M+ Global**
Surging Yields Kill Risk Appetite
US: Wall Street is expected to remain cautious as the Fed kept interest rates unchanged at 3.50%–3.75%. A hawkish hold, highlighted by three dissenting votes advocating for a 25bps rate hike, alongside a surge in the 10-year US Treasury yield to 4.66%, reinforces the "higher-for-longer" interest rate narrative. While higher yields present headwinds for rate-sensitive tech, strong earnings from Alphabet and SK Hynix should offer a cushion for AI-related counters as investors await key results from Apple (AAPL) and Amazon (AMZN). Meanwhile, escalating US–Iran tensions are pushing crude oil prices higher, driving market leadership towards energy heavyweights such as ExxonMobil (XOM) and Chevron (CVX).
MY: Against this backdrop, the local bourse is expected to trade on a selective footing. Higher crude oil prices should spur buying interest in the oil and gas space, favouring key counters such as DIALOG, DAYANG, ARMADA, and VELESTO. Also, we expect HENGYUAN and PCHEM to benefit from prolonged supply disruption uncertainties in the Strait of Hormuz. In the Technology sector, upside gains may be capped following negative overnight performance on Wall Street. However, we still like DUFU and NOTION, where the former has produced stellar results which may benefit sentiment among HDD players.
Stocks to watch:
Technology: *ATECH*, ICENTS
Consumer: *LWSABAH*, SPRITZER
Financial: *CIMB*, PBBANK
Utility: *RANHILL*
Construction: *UUE*
Building Material: *MSC*
Plantation: JPG
**Source: M+ Global**
M+ Global Market Wrap - 30Jul26
FBM KLCI: 1,720.40 pts (+4.84pts, +0.28%)
Despite a wave of US strikes on Iran and subsequent threats of retaliation, and market breadth remaining negative with 582 losers outpacing 412 gainers, the local bourse traded on a positive note. The FBM KLCI was buoyed by PCHEM (+8.0 sen) and NESTLE (+272.0 sen). Sector-wise, Health Care (+0.80%) outperformed, led by TOPGLOV (+2.0 sen) and HARTA (+2.0 sen), while Technology (-0.88%) lagged the most.
Top 3 Active stocks:
ZETRIX (0138): RM0.715 (+1.0 sen)
VS (6963): RM0.220 (-1.5 sen)
PHB (4464): RM0.005 (UNCH)
Top 3 Gainer stocks:
NESTLE (4707): RM99.50 (+272.0 sen)
F&N (3689): RM28.00 (+60.0 sen)
KLK (2445): RM21.20 (+44.0 sen)
Top 3 Loser stocks:
MPI (3867): RM43.00 (-112.0 sen)
UTDPLT (2089): RM33.70 (-30.0 sen)
CHINTEK (1929): RM10.82 (-22.0 sen)
Volume: 2.49 bn (100-bar avg vol: 3.37 bn)
Value: RM2.26 bn (100-bar avg val: RM3.19 bn)
Market Breadth: ⬆️412 ⬇️582
Crude Palm Oil: RM4,664 (+RM9, +0.19%)
Dow Futures: 51,916 pts (+151 pts)
**Source: M+ Global, Bloomberg **
FBM KLCI: 1,720.40 pts (+4.84pts, +0.28%)
Despite a wave of US strikes on Iran and subsequent threats of retaliation, and market breadth remaining negative with 582 losers outpacing 412 gainers, the local bourse traded on a positive note. The FBM KLCI was buoyed by PCHEM (+8.0 sen) and NESTLE (+272.0 sen). Sector-wise, Health Care (+0.80%) outperformed, led by TOPGLOV (+2.0 sen) and HARTA (+2.0 sen), while Technology (-0.88%) lagged the most.
Top 3 Active stocks:
ZETRIX (0138): RM0.715 (+1.0 sen)
VS (6963): RM0.220 (-1.5 sen)
PHB (4464): RM0.005 (UNCH)
Top 3 Gainer stocks:
NESTLE (4707): RM99.50 (+272.0 sen)
F&N (3689): RM28.00 (+60.0 sen)
KLK (2445): RM21.20 (+44.0 sen)
Top 3 Loser stocks:
MPI (3867): RM43.00 (-112.0 sen)
UTDPLT (2089): RM33.70 (-30.0 sen)
CHINTEK (1929): RM10.82 (-22.0 sen)
Volume: 2.49 bn (100-bar avg vol: 3.37 bn)
Value: RM2.26 bn (100-bar avg val: RM3.19 bn)
Market Breadth: ⬆️412 ⬇️582
Crude Palm Oil: RM4,664 (+RM9, +0.19%)
Dow Futures: 51,916 pts (+151 pts)
**Source: M+ Global, Bloomberg **
M+ Market Buzz - 31Jul26
Dow Jones: 52,208.06 pts (+613.92pts, +1.19%)
⬆️ Resistance: 54000
⬇️ Support: 50600
FBM KLCI: 1,720.40 pts (+4.84pts, +0.28%)
⬆️ Resistance: 1760
⬇️ Support: 1670
HSI Index: 25,858.88 pts (+50.96pts, +0.20%)
⬆️ Resistance: 26500
⬇️ Support: 24400
Crude Palm Oil: RM4,683 (-RM12, -0.26%)
⬆️ Resistance: 4890
⬇️ Support: 4520
Brent Oil: $89.03 (-$1.71, -1.88%)
⬆️ Resistance: 103.30
⬇️ Support: 80.90
Gold: $4,103.41 (+$7.36, +0.18%)
⬆️ Resistance: 4210
⬇️ Support: 3920
Source: Bloomberg, M+Global
Dow Jones: 52,208.06 pts (+613.92pts, +1.19%)
⬆️ Resistance: 54000
⬇️ Support: 50600
FBM KLCI: 1,720.40 pts (+4.84pts, +0.28%)
⬆️ Resistance: 1760
⬇️ Support: 1670
HSI Index: 25,858.88 pts (+50.96pts, +0.20%)
⬆️ Resistance: 26500
⬇️ Support: 24400
Crude Palm Oil: RM4,683 (-RM12, -0.26%)
⬆️ Resistance: 4890
⬇️ Support: 4520
Brent Oil: $89.03 (-$1.71, -1.88%)
⬆️ Resistance: 103.30
⬇️ Support: 80.90
Gold: $4,103.41 (+$7.36, +0.18%)
⬆️ Resistance: 4210
⬇️ Support: 3920
Source: Bloomberg, M+Global
😁2
M+ Global Market Update – 31Jul26
Bargain Hunting Sparks Chipmakers Rally
US: With margin calls and selling pressure in Korea having abated, Wall Street is expected to build on its relief rebound. Meanwhile, impressive quarterly performance from Microsoft (MSFT) and Amazon (AMZN) highlighted accelerating revenue expansion across their respective cloud divisions, firmly validating ongoing enterprise spending in AI infrastructure; Amazon planned 2026 capital expenditures of USD220bn, driven heavily by artificial intelligence infrastructure demand, data centers, and custom chips. With growth confidence restored, upside momentum in the upcoming session will centre directly on Microsoft (MSFT) and Amazon (AMZN) as primary catalysts driving broader index gains.
MY: Buoyed by Wall Street’s overnight gains and strong domestic earnings, the local bourse is expected to stage a tech-led rally. Sentiment toward local technology stocks will be anchored by VITROX, whose 2QFY26 net profit more than tripled YoY to RM85m (up from RM28.1m), driven by surging AI demand, operational efficiency, and tax benefits. We anticipate spillover fund flows into other tech names, including INARI, MPI, and FRONTKN. Meanwhile, for investors seeking a more defensive stance, consumer plays remain attractive; NESTLE, which posted a 38% YoY jump in 2Q net profit. Other consumer stocks like 99SMART and SPRITZER may benefit.
Stocks to watch:
Consumer: *GCB*, LWSABAH, OHM
Plantation: *INNO*, TAANN
Technology: *CORAZA*
Financial: *CIMB*
Utility: *RANHILL*
Building Material: *MCEMENT*
Construction: HEGROUP
**Source: M+ Global**
Bargain Hunting Sparks Chipmakers Rally
US: With margin calls and selling pressure in Korea having abated, Wall Street is expected to build on its relief rebound. Meanwhile, impressive quarterly performance from Microsoft (MSFT) and Amazon (AMZN) highlighted accelerating revenue expansion across their respective cloud divisions, firmly validating ongoing enterprise spending in AI infrastructure; Amazon planned 2026 capital expenditures of USD220bn, driven heavily by artificial intelligence infrastructure demand, data centers, and custom chips. With growth confidence restored, upside momentum in the upcoming session will centre directly on Microsoft (MSFT) and Amazon (AMZN) as primary catalysts driving broader index gains.
MY: Buoyed by Wall Street’s overnight gains and strong domestic earnings, the local bourse is expected to stage a tech-led rally. Sentiment toward local technology stocks will be anchored by VITROX, whose 2QFY26 net profit more than tripled YoY to RM85m (up from RM28.1m), driven by surging AI demand, operational efficiency, and tax benefits. We anticipate spillover fund flows into other tech names, including INARI, MPI, and FRONTKN. Meanwhile, for investors seeking a more defensive stance, consumer plays remain attractive; NESTLE, which posted a 38% YoY jump in 2Q net profit. Other consumer stocks like 99SMART and SPRITZER may benefit.
Stocks to watch:
Consumer: *GCB*, LWSABAH, OHM
Plantation: *INNO*, TAANN
Technology: *CORAZA*
Financial: *CIMB*
Utility: *RANHILL*
Building Material: *MCEMENT*
Construction: HEGROUP
**Source: M+ Global**
M+ Global Market Wrap - 31Jul26
FBM KLCI: 1,724.90 pts (+4.50pts, +0.26%)
Microsoft and Amazon’s stellar results, driven by cloud earnings and robust global artificial intelligence spending supported the optimism across the local bourse. The FBM KLCI was buoyed by CIMB (+6.0 sen) and AMBANK (+18.0 sen) and the market breadth was positive with 712 gainers outpacing 407 losers. Sector wise, Technology (+4.19%) outperformed, led by VITROX (+70.0 sen) and MPI (+300.0 sen), while REIT (-0.48%) lagged the most.
Top 3 Active stocks:
ZETRIX (0138): RM0.745 (+3.0 sen)
NATGATE (0270): RM1.19 (+6.0 sen)
PBBANK (1295): RM5.17 (+1.0 sen)
Top 3 Gainer stocks:
MPI (3867): RM46.00 (+300.0 sen)
NESTLE (4707): RM101.10 (+160.0 sen)
VITROX (0097): RM8.70 (+70.0 sen)
Top 3 Loser stocks:
HLIND (3301): RM17.72 (-28.0 sen)
ALLIANZ (1163): RM21.00 (-20.0 sen)
BAT (4162): RM4.78 (-19.0 sen)
Volume: 3.10 bn (100-bar avg vol: 3.37 bn)
Value: RM3.57 bn (100-bar avg val: RM3.17 bn)
Market Breadth: ⬆️712 ⬇️407
Crude Palm Oil: RM4,683 (-RM51, -1.09%)
Dow Futures: 52,659 pts (+279 pts)
**Source: M+ Global, Bloomberg **
FBM KLCI: 1,724.90 pts (+4.50pts, +0.26%)
Microsoft and Amazon’s stellar results, driven by cloud earnings and robust global artificial intelligence spending supported the optimism across the local bourse. The FBM KLCI was buoyed by CIMB (+6.0 sen) and AMBANK (+18.0 sen) and the market breadth was positive with 712 gainers outpacing 407 losers. Sector wise, Technology (+4.19%) outperformed, led by VITROX (+70.0 sen) and MPI (+300.0 sen), while REIT (-0.48%) lagged the most.
Top 3 Active stocks:
ZETRIX (0138): RM0.745 (+3.0 sen)
NATGATE (0270): RM1.19 (+6.0 sen)
PBBANK (1295): RM5.17 (+1.0 sen)
Top 3 Gainer stocks:
MPI (3867): RM46.00 (+300.0 sen)
NESTLE (4707): RM101.10 (+160.0 sen)
VITROX (0097): RM8.70 (+70.0 sen)
Top 3 Loser stocks:
HLIND (3301): RM17.72 (-28.0 sen)
ALLIANZ (1163): RM21.00 (-20.0 sen)
BAT (4162): RM4.78 (-19.0 sen)
Volume: 3.10 bn (100-bar avg vol: 3.37 bn)
Value: RM3.57 bn (100-bar avg val: RM3.17 bn)
Market Breadth: ⬆️712 ⬇️407
Crude Palm Oil: RM4,683 (-RM51, -1.09%)
Dow Futures: 52,659 pts (+279 pts)
**Source: M+ Global, Bloomberg **
M+ Global Market Update – 03Aug26
Rally May Extend After Cancelled Attack
US: With President Trump cancelling a planned attack on Iran, coupled with the impressive results shown by Amazon (AMZN) and Microsoft (MSFT), we expect Wall Street to kickstart the August trading month on a positive note. Meanwhile, AMZN’s revenue outperformance, driven by accelerating AWS cloud growth, alongside its decision to hike 2026 CapEx from USD200bn to USD220bn should directly benefit memory chip manufacturers as well as other DC infrastructure and power providers. Lastly, we believe traders could also look into Southern Copper Corporation (SCCO) following the recovery in copper prices and structural demand led by AI and global grid electrification.
MY: In view of the rally on Wall Street, coupled with the cancellation of a planned attack on Iran, we believe the FBM KLCI may extend its gains today, especially in the Technology sector. Meanwhile, we favour HSSEB, underpinned by its (i) RM2.1bn order book providing multi-year earnings visibility, (ii) structural tailwinds from domestic transport, water infrastructure, and DC projects, and (iii) earnings acceleration from major overseas contracts such as the Baghdad Metro JV contract worth RM1.5bn. Lastly, given the recovery in global tin prices, traders could also take positions in MSC, which has just experienced a breakout from consolidation.
Stocks to watch:
Technology: *INFOM*, MPI, *NATGATE*, OGX
Financial: AMBANK, *CIMB*
Construction: *CHB*, HEGROUP
Medical: *SCOMNET*
Utility: *RANHILL*
Consumer: SPRITZER
**Source: M+ Global**
Rally May Extend After Cancelled Attack
US: With President Trump cancelling a planned attack on Iran, coupled with the impressive results shown by Amazon (AMZN) and Microsoft (MSFT), we expect Wall Street to kickstart the August trading month on a positive note. Meanwhile, AMZN’s revenue outperformance, driven by accelerating AWS cloud growth, alongside its decision to hike 2026 CapEx from USD200bn to USD220bn should directly benefit memory chip manufacturers as well as other DC infrastructure and power providers. Lastly, we believe traders could also look into Southern Copper Corporation (SCCO) following the recovery in copper prices and structural demand led by AI and global grid electrification.
MY: In view of the rally on Wall Street, coupled with the cancellation of a planned attack on Iran, we believe the FBM KLCI may extend its gains today, especially in the Technology sector. Meanwhile, we favour HSSEB, underpinned by its (i) RM2.1bn order book providing multi-year earnings visibility, (ii) structural tailwinds from domestic transport, water infrastructure, and DC projects, and (iii) earnings acceleration from major overseas contracts such as the Baghdad Metro JV contract worth RM1.5bn. Lastly, given the recovery in global tin prices, traders could also take positions in MSC, which has just experienced a breakout from consolidation.
Stocks to watch:
Technology: *INFOM*, MPI, *NATGATE*, OGX
Financial: AMBANK, *CIMB*
Construction: *CHB*, HEGROUP
Medical: *SCOMNET*
Utility: *RANHILL*
Consumer: SPRITZER
**Source: M+ Global**
M+ Market Buzz - 3Aug26
Dow Jones: 52,485.03 pts (+276.97pts, +0.53%)
⬆️ Resistance: 54000
⬇️ Support: 50600
FBM KLCI: 1,724.90 pts (+4.50pts, +0.26%)
⬆️ Resistance: 1770
⬇️ Support: 1670
HSI Index: 25,884.43 pts (+25.55pts, +0.10%)
⬆️ Resistance: 26500
⬇️ Support: 24500
Crude Palm Oil: RM4,643 (-RM40, -0.85%)
⬆️ Resistance: 4790
⬇️ Support: 4520
Brent Oil: $87.93 (-$4.02, -4.57%)
⬆️ Resistance: 95.50
⬇️ Support: 80.90
Gold: $4,046.15 (+$20.60, +0.51%)
⬆️ Resistance: 4210
⬇️ Support: 3920
Source: Bloomberg, M+Global
Dow Jones: 52,485.03 pts (+276.97pts, +0.53%)
⬆️ Resistance: 54000
⬇️ Support: 50600
FBM KLCI: 1,724.90 pts (+4.50pts, +0.26%)
⬆️ Resistance: 1770
⬇️ Support: 1670
HSI Index: 25,884.43 pts (+25.55pts, +0.10%)
⬆️ Resistance: 26500
⬇️ Support: 24500
Crude Palm Oil: RM4,643 (-RM40, -0.85%)
⬆️ Resistance: 4790
⬇️ Support: 4520
Brent Oil: $87.93 (-$4.02, -4.57%)
⬆️ Resistance: 95.50
⬇️ Support: 80.90
Gold: $4,046.15 (+$20.60, +0.51%)
⬆️ Resistance: 4210
⬇️ Support: 3920
Source: Bloomberg, M+Global
👏1
Good Morning All,
We issued a technical buy call on Malaysia Smelting Corp. Berhad (MSC): Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Rising tin price
(ii) Upstream expansion via RHT recovery plant
(iii) Strong 1QFY26 results
Research Team, M+ Global
3 Aug 2026
We issued a technical buy call on Malaysia Smelting Corp. Berhad (MSC): Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Rising tin price
(ii) Upstream expansion via RHT recovery plant
(iii) Strong 1QFY26 results
Research Team, M+ Global
3 Aug 2026
Good Evening All,
Here’s our Factor Focus - August 2026 report | Malacca Securities (mplusonline.com)
Despite ongoing geopolitical tensions and volatility in oil prices, our local bourse recovered in July 2026, led by the banking and plantation heavyweights. While the FBMKLCI and FBMSCAP recorded gains of 3.7% and 2.0% respectively, our Large- and Small-cap portfolios’ gains came in lower at 2.3% and 0.2%. Cumulatively, our Large, Small, and Combined portfolios managed to outperform the broader indices, recording 35.1%, 42.1%, and 41.9% in returns since inception.
Research Team, M+ Global
3 August 2026
Here’s our Factor Focus - August 2026 report | Malacca Securities (mplusonline.com)
Despite ongoing geopolitical tensions and volatility in oil prices, our local bourse recovered in July 2026, led by the banking and plantation heavyweights. While the FBMKLCI and FBMSCAP recorded gains of 3.7% and 2.0% respectively, our Large- and Small-cap portfolios’ gains came in lower at 2.3% and 0.2%. Cumulatively, our Large, Small, and Combined portfolios managed to outperform the broader indices, recording 35.1%, 42.1%, and 41.9% in returns since inception.
Research Team, M+ Global
3 August 2026
M+ Global Market Wrap - 3Aug26
FBM KLCI: 1,725.73 pts (+0.83pts, +0.05%)
The local bourse traded on a slightly positive note today as global sentiment responded to ebbing Middle East tensions following news that US-Iran peace talks would resume. However, broader market breadth remained negative, with 609 losers outpacing 490 gainers. The FBM KLCI was however buoyed by CIMB (+12.0 sen) and AMBANK (+27.0 sen). Sector wise, Consumer Products (+0.60%) outperformed, led by QL (+13.0 sen) and MRDIY (+4.0 sen), while Telecommunications (-0.99%) lagged the most.
Top 3 Active stocks:
HUBLINE (7013): RM0.030 (-0.5 sen)
TANCO (2429): RM0.270 (+1.0 sen)
ZETRIX (0138): RM0.725 (-2.0 sen)
Top 3 Gainer stocks:
NESTLE (4707): RM102.70 (+160.0 sen)
UTDPLT (2089): RM34.20 (+48.0 sen)
HLIND (3301): RM18.00 (+28.0 sen)
Top 3 Loser stocks:
F&N (3689): RM27.50 (-40.0 sen)
FRONTKN (0128): RM5.02 (-19.0 sen)
PCHEM (5183): RM4.61 (-17.0 sen)
Volume: 2.73 bn (100-bar avg vol: 3.37 bn)
Value: RM2.34 bn (100-bar avg val: RM3.17 bn)
Market Breadth: ⬆️490 ⬇️609
Crude Palm Oil: RM4,643 (-RM19, -0.41%)
Dow Futures: 52,976 pts (+341 pts)
**Source: M+ Global, Bloomberg **
FBM KLCI: 1,725.73 pts (+0.83pts, +0.05%)
The local bourse traded on a slightly positive note today as global sentiment responded to ebbing Middle East tensions following news that US-Iran peace talks would resume. However, broader market breadth remained negative, with 609 losers outpacing 490 gainers. The FBM KLCI was however buoyed by CIMB (+12.0 sen) and AMBANK (+27.0 sen). Sector wise, Consumer Products (+0.60%) outperformed, led by QL (+13.0 sen) and MRDIY (+4.0 sen), while Telecommunications (-0.99%) lagged the most.
Top 3 Active stocks:
HUBLINE (7013): RM0.030 (-0.5 sen)
TANCO (2429): RM0.270 (+1.0 sen)
ZETRIX (0138): RM0.725 (-2.0 sen)
Top 3 Gainer stocks:
NESTLE (4707): RM102.70 (+160.0 sen)
UTDPLT (2089): RM34.20 (+48.0 sen)
HLIND (3301): RM18.00 (+28.0 sen)
Top 3 Loser stocks:
F&N (3689): RM27.50 (-40.0 sen)
FRONTKN (0128): RM5.02 (-19.0 sen)
PCHEM (5183): RM4.61 (-17.0 sen)
Volume: 2.73 bn (100-bar avg vol: 3.37 bn)
Value: RM2.34 bn (100-bar avg val: RM3.17 bn)
Market Breadth: ⬆️490 ⬇️609
Crude Palm Oil: RM4,643 (-RM19, -0.41%)
Dow Futures: 52,976 pts (+341 pts)
**Source: M+ Global, Bloomberg **
M+ Market Buzz - 4Aug26
Dow Jones: 53,178.41 pts (+693.38pts, +1.32%)
⬆️ Resistance: 54300
⬇️ Support: 50600
FBM KLCI: 1,725.73 pts (+0.83pts, +0.05%)
⬆️ Resistance: 1770
⬇️ Support: 1670
HSI Index: 26,009.40 pts (+124.97pts, +0.48%)
⬆️ Resistance: 26700
⬇️ Support: 24600
Crude Palm Oil: RM4,629 (+RM15, +0.32%)
⬆️ Resistance: 4790
⬇️ Support: 4520
Brent Oil: $83.77 (-$4.16, -4.73%)
⬆️ Resistance: 95.20
⬇️ Support: 80.00
Gold: $4,054.33 (-$2.93, -0.02%)
⬆️ Resistance: 4210
⬇️ Support: 3920
Source: Bloomberg, M+Global
Dow Jones: 53,178.41 pts (+693.38pts, +1.32%)
⬆️ Resistance: 54300
⬇️ Support: 50600
FBM KLCI: 1,725.73 pts (+0.83pts, +0.05%)
⬆️ Resistance: 1770
⬇️ Support: 1670
HSI Index: 26,009.40 pts (+124.97pts, +0.48%)
⬆️ Resistance: 26700
⬇️ Support: 24600
Crude Palm Oil: RM4,629 (+RM15, +0.32%)
⬆️ Resistance: 4790
⬇️ Support: 4520
Brent Oil: $83.77 (-$4.16, -4.73%)
⬆️ Resistance: 95.20
⬇️ Support: 80.00
Gold: $4,054.33 (-$2.93, -0.02%)
⬆️ Resistance: 4210
⬇️ Support: 3920
Source: Bloomberg, M+Global
👍2😁1
M+ Global Market Update – 04Aug26
Stocks Extended Gains After Trump Called Off Attack
US: As the US delayed its planned attack on Iran to allow more time for peace talks, coupled with Brent crude dropping c.7.0% towards the USD83.8 level, we expect Wall Street to extend its bullish momentum. Microsoft (MSFT) continued to experience a gap up following its recent results outperformance, as accelerating Azure cloud demand and enterprise AI deployment continue to draw investor interest. This should bode well for AI chip and custom silicon partners, as well as DC infrastructure and power providers. Lastly, we also like WESCO International (WCC) following its earnings outperformance, driven by a 45% YoY increase in AI data centre sales, which led to a higher full-year FY26 guidance.
MY: Tracking Wall Street’s strong overnight performance, we believe the FBM KLCI will extend its gains today, particularly in the Technology sector. Meanwhile, we like UWC, supported by (i) surging demand for AI accelerator test equipment, (ii) its strategic pivot into higher-margin front-end wafer fabrication equipment (WFE) components, and (iii) expanding turnkey assembly capabilities driven by new cleanroom capacity. Lastly, with the breakout in cocoa prices yesterday, traders could also take positions in GCB, which is pending a 52-week high breakout.
Stocks to watch:
Technology: *CORAZA*, CPETECH, INFOM, *SMRT*, *SCOMNET*
Utility: *ISF*, SET
Healthcare: *SUNMED*
Building Material: ENGTEX
Financial: *ABMB*
Consumer: *GCB*
**Source: M+ Global**
Stocks Extended Gains After Trump Called Off Attack
US: As the US delayed its planned attack on Iran to allow more time for peace talks, coupled with Brent crude dropping c.7.0% towards the USD83.8 level, we expect Wall Street to extend its bullish momentum. Microsoft (MSFT) continued to experience a gap up following its recent results outperformance, as accelerating Azure cloud demand and enterprise AI deployment continue to draw investor interest. This should bode well for AI chip and custom silicon partners, as well as DC infrastructure and power providers. Lastly, we also like WESCO International (WCC) following its earnings outperformance, driven by a 45% YoY increase in AI data centre sales, which led to a higher full-year FY26 guidance.
MY: Tracking Wall Street’s strong overnight performance, we believe the FBM KLCI will extend its gains today, particularly in the Technology sector. Meanwhile, we like UWC, supported by (i) surging demand for AI accelerator test equipment, (ii) its strategic pivot into higher-margin front-end wafer fabrication equipment (WFE) components, and (iii) expanding turnkey assembly capabilities driven by new cleanroom capacity. Lastly, with the breakout in cocoa prices yesterday, traders could also take positions in GCB, which is pending a 52-week high breakout.
Stocks to watch:
Technology: *CORAZA*, CPETECH, INFOM, *SMRT*, *SCOMNET*
Utility: *ISF*, SET
Healthcare: *SUNMED*
Building Material: ENGTEX
Financial: *ABMB*
Consumer: *GCB*
**Source: M+ Global**
Good Morning All,
Here’s our IPO note on United Asiapac Energy Berhad (UNIPAC): Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
We assign a fair value of RM0.40 per share for UNIPAC, indicating a 13.1% upside from the IPO price of RM0.35. This valuation is based on a P/E ratio of 12.0x, pegged to mid-FY28f EPS of 3.30 sen.
Investment highlights include:
(i) Direct beneficiary of PETRONAS' sustained upstream CapEx expansion
(ii) Fortified regulatory moat and dual licensing across all basins
(iii) Defensive, non-discretionary demand driven by structural decommissioning
(iv) Strategic asset ownership model unleashes industry-leading margins.
Research Team, M+ Global
4 Aug 26
Here’s our IPO note on United Asiapac Energy Berhad (UNIPAC): Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
We assign a fair value of RM0.40 per share for UNIPAC, indicating a 13.1% upside from the IPO price of RM0.35. This valuation is based on a P/E ratio of 12.0x, pegged to mid-FY28f EPS of 3.30 sen.
Investment highlights include:
(i) Direct beneficiary of PETRONAS' sustained upstream CapEx expansion
(ii) Fortified regulatory moat and dual licensing across all basins
(iii) Defensive, non-discretionary demand driven by structural decommissioning
(iv) Strategic asset ownership model unleashes industry-leading margins.
Research Team, M+ Global
4 Aug 26