Malaysia stock market continues to rise, positive outlook for further gains on Monday

From Nasdaq: 2025-05-04 19:00:00

The Malaysia stock market continued its upward trend, gaining over 25 points in two sessions to surpass the 1,540-point mark. Optimism over economic data and easing tariff concerns globally could lead to further gains on Monday. The KLCI closed slightly higher on Friday, with mixed performances from various sectors. Key active stocks included 99 Speed Mart Retail, Gamuda, and Sunway. Wall Street also saw a strong day, with the Dow rising 564.47 points, the NASDAQ up 266.99 points, and the S&P 500 climbing 82.53 points. The rally was fueled by better-than-expected U.S. job growth data and positive trade talk indications from China. Crude oil prices tumbled on concerns of OPEC production increases.



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