Malaysia stock market slightly down, global market outlook positive, KLCI fell due to telecom weakness

From Nasdaq: 2025-05-18 19:30:00

The Malaysia stock market dipped slightly, with the Kuala Lumpur Composite Index closing just above 1,570 points. The global market outlook is positive due to trade optimism, with European and U.S. markets up. The KLCI fell on Friday, led by telecom weakness. Among active stocks, MRDIY plummeted 3.01%, while MISC and Petronas Chemicals rallied 0.78%. Wall Street ended higher, with the Dow up 0.78%, NASDAQ up 0.52%, and S&P 500 up 0.70%. The U.S.-China trade deal boosted markets, despite declining consumer sentiment. Crude oil prices rose on trade policy optimism, with WTI crude up 1.4% to $62.49 a barrel.



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