Profit-taking keeps FBM KLCI in the red
At 12.30pm, the key index was down 2.9 points, or 0.19%, at 1,547.31, weighed down by Tenaga Nasional (TNB) and selected blue chips.
On Bursa Malaysia, gainers led losers 514 to 371, while 404 counters were unchanged. Turnover stood at 2.4 billion shares worth RM1.4bil.
TA Securities said that while stocks may edge higher, lingering concerns over potential US trade agreements with key global partners are likely to temper investor sentiment.
'Immediate index support is kept at 1,490, with stronger supports found at 1,465 followed by 1,444.
'Immediate resistance remains at 1,564 with next upside hurdles seen at the recent high of 1,586, followed by 1,610 ahead,' it added.
Berjaya Research Sdn Bhd noted that although there has been limited progress on tariff negotiations, the return of foreign funds is helping to lift the key index, supported by ongoing portfolio realignment activities for the second half of 2025.
Among the laggards on Bursa Malaysia, TNB slid 62 sen to RM13.98, Malaysian Pacific Industries lost 40 sen to RM22, PETRONAS Dagangan fell 18 sen to RM21.52 and Kuala Lumpur Kepong declined 10 sen to RM20.88.
Nestle surged RM1.80 to RM79.30, PETRONAS Gas rose 30 sen to RM18.06, Pentamaster gained 22 sen to RM3.42 and UWC climbed 15 sen to RM2.08.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Malay Mail
10 hours ago
- Malay Mail
Bursa closes mixed as Tenaga Nasional falls nearly 4pc, tech and industrial counters gain
KUALA LUMPUR, July 3 — Bursa Malaysia ended mixed today, with the benchmark index curtailing its recent rally as continued selling in selected heavyweights — led by Tenaga Nasional — limited gains, an analyst said. The power utility company closed 58 sen or 3.97 per cent lower at RM14.02, contributing a total of 5.80 points towards the benchmark index's decline, with 33.31 million shares traded. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped by 1.22 points, or 0.08 per cent, to 1,548.99 from yesterday's close of 1,550.21. The benchmark index opened 4.07 points lower at 1,546.14 and hovered between 1,540.35 and 1,548.99 throughout the day. The broader market was broadly positive with 629 gainers trouncing 389 decliners, while 468 counters were unchanged, 902 untraded and 11 suspended. Turnover rose to 5.09 billion units worth RM2.94 billion against 3.11 billion units worth RM2.38 billion yesterday. UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research, Mohd Sedek Jantan said the FBMKLCI closed lower as investors' sentiment turned slightly cautious amid profit-taking activities, despite the broad-based strength in the wider market. 'The decline in the benchmark index reflected the mixed performance among blue-chip counters, weighed down by lingering export uncertainties and renewed external trade volatility,' he said. In contrast, Mohd Sedek said broader segments of the domestic market demonstrated notable resilience. 'The Bursa Malaysia Technology Index surged 4.0 per cent, underpinned by robust buying interest in the semiconductor and electronics-related counters, in line with the tech-led gains on Wall Street. The Industrial Products sector also recorded gains, reflecting selective sectoral rotation,' he added. Among other heavyweights, Maybank gained 4.0 sen to RM9.80, CIMB and CelcomDigi added 1.0 sen each to RM6.79 and RM3.92, respectively, and IHH Healthcare improved 2.0 sen to RM6.85, while Public Bank fell 2.0 sen to RM4.30. As for the most active stocks, Borneo Oil was flat at half-a-sen, while Zetrix AI, NEXG and Tanco added 1.0 sen each to 97.5 sen, 39 sen and 90 sen, respectively. On the index board, the FBM Emas Index increased 65.61 points to 11,617.70, the FBMT 100 Index garnered 331.15 points to 11,391.92, and the FBM Emas Shariah Index climbed 38.19 points to 11,638.02. The FBM 70 Index chalked up 221.29 points to 16,832.53, while the FBM ACE Index gained 48.93 points to 4,528.02. By sector, the Financial Services Index improved 25.83 points to 17,734.59, the Industrial Products and Services Index edged up 1.54 points to 156.01 and the Plantation Index added 39.87 points to 7,435.83, while the Energy Index fell 3.66 points to 743.51. The Main Market volume widened to 3.08 billion units worth RM2.66 billion against 1.27 billion units valued at RM2.09 billion yesterday. Warrants turnover surged to 1.70 billion units valued at RM191.47 million from 1.55 billion units worth RM198.51 million previously. The ACE Market volume advanced to 314.46 million units valued at RM91.46 million versus 283.75 million units valued at RM87.58 million yesterday. Consumer products and services counters accounted for 163.82 million shares traded on the Main Market, industrial products and services (1.58 billion), construction (127.82 million), technology (353.71 million), SPAC (nil), financial services (50.33 million), property (185.72 million), plantation (20.09 million), REITs (29.86 million), closed end fund (12,100), energy (78.41 million), healthcare (318.31 million), telecommunications and media (53.39 million), transportation and logistics (31.83 million), utilities (91.40 million), and business trusts (49,200). Meanwhile, in a filing with Bursa Malaysia, Eco World International Bhd announced that it has changed its name to EWI Capital Bhd, and its shares will be traded and quoted under the new name effective from 9am, Monday, July 7, 2025. — Bernama
New Straits Times
12 hours ago
- New Straits Times
Bursa Malaysia closes mixed
KUALA LUMPUR: Bursa Malaysia ended mixed today, with the benchmark index curbing its recent rally as continued selling in selected heavyweights, led by Tenaga Nasional, limited gains, an analyst said. The power utility company closed 58 sen or 3.97 per cent lower at RM14.02, contributing a total of 5.80 points towards the benchmark index's decline, with 33.31 million shares traded. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped by 1.22 points, or 0.08 per cent, to 1,548.99 from Wednesday's close of 1,550.21. The benchmark index opened 4.07 points lower at 1,546.14 and hovered between 1,540.35 and 1,548.99 throughout the day. The broader market was broadly positive with 629 gainers trouncing 389 decliners, while 468 counters were unchanged, 902 untraded and 11 suspended. Turnover rose to 5.09 billion units worth RM2.94 billion against 3.11 billion units worth RM2.38 billion on Wednesday. UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research, Mohd Sedek Jantan said the FBMKLCI closed lower as investors' sentiment turned slightly cautious amid profit-taking activities, despite the broad-based strength in the wider market. "The decline in the benchmark index reflected the mixed performance among blue-chip counters, weighed down by lingering export uncertainties and renewed external trade volatility," he said. In contrast, Mohd Sedek said broader segments of the domestic market demonstrated notable resilience. "The Bursa Malaysia Technology Index surged 4.0 per cent, underpinned by robust buying interest in the semiconductor and electronics-related counters, in line with the tech-led gains on Wall Street. The Industrial Products sector also recorded gains, reflecting selective sectoral rotation," he added. Among other heavyweights, Maybank gained 4.0 sen to RM9.80, CIMB and CelcomDigi added 1.0 sen each to RM6.79 and RM3.92, respectively, and IHH Healthcare improved 2.0 sen to RM6.85, while Public Bank fell 2.0 sen to RM4.30. As for the most active stocks, Borneo Oil was flat at half-a-sen, while Zetrix AI, NEXG and Tanco added 1.0 sen each to 97.5 sen, 39 sen and 90 sen, respectively.
Focus Malaysia
13 hours ago
- Focus Malaysia
Bursa Malaysia closes mixed
BURSA Malaysia ended mixed today, with the benchmark index curtailing its recent rally as continued selling in selected heavyweights—led by Tenaga Nasional—limited gains, an analyst said. The power utility company closed 58 sen or 3.97% lower at RM14.02, contributing a total of 5.80 points towards the benchmark index's decline, with 33.31 million shares traded. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped by 1.22 points, or 0.08 per cent, to 1,548.99 from Wednesday's close of 1,550.21. The benchmark index opened 4.07 points lower at 1,546.14 and hovered between 1,540.35 and 1,548.99 throughout the day. The broader market was broadly positive with 629 gainers trouncing 389 decliners, while 468 counters were unchanged, 902 untraded and 11 suspended. Turnover rose to 5.09 billion units worth RM2.94 bil against 3.11 billion units worth RM2.38 bil on Wednesday. – July 3, 2025
