Malaysia Stocks Hover Near 2-Month Peak After Solid Q2 GDP Data

Bursa Malaysia’s KLCI extended gains into Friday afternoon, hovering near 1,729 and edging toward a two-month high.

Sentiment was buoyed by flash data showing Malaysia’s GDP grew 5.8% in Q2, with resilient services and electronics exports helping cushion the drag from Middle East tensions.

For H1 of the year, Malaysia’s economy expanded 5.6% yoy, accelerating from 4.5% in the corresponding period of 2025.

Meanwhile, inflation eased a bit in June to 1.9% from May’s 2%, as fuel subsidies cushioned higher crude costs.

Financials led the strength, with gains from Malayan Banking (1.6%), Hong Leong Bank (1.5%), and CIMB Group (1.2%).

Energy, communications, and defensive sectors also supported the upside, highlighted by Petronas Chemicals’ 2.8% climb, Telekom Malaysia’s 0.9% rise, and Carlsberg Brewery’s 0.8% gain.

With the benchmark tracking a 2.1% advance so far, the market is on course for a third consecutive weekly gain, underscoring steady momentum amid improving macro signals.