Malaysian Stocks Poised for Recovery on Friday, Tracking Regional Gains

Malaysian equities are expected to find support on Friday, May 29, 2026, as improving global sentiment and steady commodity prices provide a floor for the benchmark FTSE Bursa Malaysia KLCI Index. Analysts project a technical rebound following recent declines, with the index likely to reverse a two-day losing streak. Renewed investor confidence followed overnight gains on Wall Street, where the S&P 500 snapped a three-session slump. The positive lead is driving buying interest in Southeast Asian markets. In Kuala Lumpur, trading volumes on Thursday were thin as investors remained cautious ahead of the U.S. core PCE price index data due later Friday, a key inflation gauge for Federal Reserve policy. Palm oil futures edged higher in electronic trade, offering a tailwind for plantation stocks such as Sime Darby Plantation and IOI Corporation. The ringgit held around 4.20 per dollar, reducing currency-related headwinds. Still, lingering uncertainty over U.S. trade tariffs on Asian exports may cap gains.