The Malaysia stock market has climbed higher in consecutive trading days, advancing almost 35 points or 2 percent in that span. The Kuala Lumpur Composite Index now sits just shy of the 1,710-point plateau although it may spin its wheels on Thursday. The global forecast for the Asian markets is soft on continuing concerns over the war in the Middle East and surging oil prices. The European markets were down and the U.S. bourses were mixed and the Asian markets figure to split the difference.
The KLCI finished modestly higher on Wednesday following gains from the financial shares and telecoms, while the plantations and industrials were mixed. For the day, the index added 7.10 points or 0.42 percent to finish at 1,708.78 after trading between 1,699.02 and 1,709.93. Among the actives, AMMB Holdings improved 0.93 percent, while Axiata expanded 1.34 percent, Celcomdigi gained 0.62 percent, CIMB Group accelerated 1.91 percent, Gamuda advanced 0.98 percent, IHH Healthcare fell 0.22 percent, IOI Corporation added 0.76 percent, Maxis gathered 0.44 percent, Maybank collected 1.20 percent, MISC soared 2.16 percent, MRDIY rose 0.60 percent, Nestle Malaysia slumped 1.06 percent, Petronas Chemicals surged 5.34 percent, Petronas Dagangan jumped 1.86 percent, Petronas Gas sank 0.57 percent, QL Resources plummeted 3.23 percent, RHB Bank climbed 1.29 percent, Sime Darby spiked 2.13 percent, SD Guthrie dropped 0.87 percent, Telekom Malaysia vaulted 1.35 percent, Tenaga Nasional increased 0.71 percent, YTL Corporation plunged 2.40 percent, YTL Power rallied 1.48 percent and 99 Speed Mart Retail, PPB Group, Press Metal, Kuala Lumpur Kepong, Sunway and Public Bank were unchanged.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.