Malaysia Stocks May Recede After Tuesday's Gains Amid Global Uncertainty

The Malaysian stock market has experienced fluctuations over the past five trading sessions, alternating between rises and declines following a three-day losing streak that saw the index fall more than 1 percent or 15 points. Currently, the Kuala Lumpur Composite Index hovers just below the 1,540-point mark and is expected to remain within a narrow trading range on Wednesday. Internationally, Asian markets are anticipated to remain subdued due to renewed concerns over tariffs. European indices showed mixed results, and U.S. stock markets closed lower, signaling a potential continuation of cautious trading in Asian exchanges. On Tuesday, the KLCI edged higher, driven mainly by gains in the industrials and telecommunications sectors, while financials and plantation stocks showed mixed performances. The index rose by 11.66 points, or 0.76 percent, closing at 1,538.64, after reaching a daily low of 1,528.63. Key active stocks included AMMB Holdings, up 0.19 percent; Axiata, up 0.76 percent; Celcomdigi and Hong Leong Bank, each up 1.06 percent; Gamuda, up 1.48 percent; IHH Healthcare, up 2.24 percent; and Petronas Chemicals, which surged 3.96 percent. Conversely, PPB Group declined b...