Malaysia Stock Market May Extend Its Gains On Monday

(RTTNews) - The Malaysia stock market has finished higher in three straight sessions, collecting almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just beneath the 1,725-point plateau and it's expected to see additional support again on Monday.

The global forecast for the Asian markets is positive, with retail and energy stocks expected to lead the way higher. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference.

The KLCI finished slightly higher again on Friday as gains from the financial shares and telecoms were capped by weakness from the plantation stocks.

For the day, the index rose 4.50 points or 0.26 percent to finish at 1,724.90 after trading between 1,715.67 and 1,730.12.

The lead from Wall Street is firm as the major averages opened higher on Friday, shrugged off an early dip and then trended higher for the balance of the day, ending near session highs.

The Dow jumped 276.93 points or 0.53 percent to finish at 52,485.03, while the NASDAQ rallied 251.65 points or 1.00 percent to end at 25,373.85 and the S&P 500 added 52.09 points or 0.70 percent to close at 7,489.72.

For the week, the NASDAQ surged 1.5 percent, while the S&P 500 and the Dow both shot up 1 percent.

The strength that emerged on Wall Street came amid a sharp increase by shares of Amazon (AMZN) after the company reported better-than-expected A2 revenue and cloud growth.

Crude oil prices jumped on Friday after Iran's military conducted strikes on U.S. military assets in Bahrain and Kuwait. West Texas Intermediate crude for September delivery was up $1.48 or 1.77 percent at $85.07 per barrel.

Meanwhile, traders shrugged a surge by treasury yields even as the 10-year yield bounced back to its highest levels since early 2025 in reaction to the sharp increase in crude oil prices.