FBM KLCI rises for second straight day amid mixed regional performance
KUALA LUMPUR: The FBM KLCI continued its steady upward trajectory, closing higher on Thursday, despite a mixed performance among its regional peers, with some markets showing gains while others struggled amid ongoing tariff uncertainties.
The 30-stock index closed up 5.33 points, or 0.36%, at 1,506.52, slightly below its intraday high of 1,507.45.
Winners and losers were closely matched, with 463 gainers, 426 losers, and 456 counters unchanged. About 3.08 billion shares, valued at RM2.14bil, changed hands.
On Bursa Malaysia, F&N was the top gainer, jumping RM1.10 to RM27.20, followed by Malaysian Pacific Industries , which added 52 sen to RM16.16, Ayer, which rose 34 sen to RM7.90, and Hong Leong Financial Group, which gained 22 sen to RM17.14.
Among the losers, Nestle slid 60 sen to RM80, Kuala Lumpur Kepong lost 34 sen to RM19.52, FACB Industries fell 22 sen to RM1.05 and Carlsberg declined 20 sen to RM18.80.
Foreign funds turned net buyers on Wednesday, snapping up RM267mil worth of equities.
Meanwhile, local institutions and retailers were net sellers, disposing of RM244mil and RM24mil worth of shares respectively.
Asian markets were mixed on the day, with the MSCI Asia ex-Japan trading 0.53% lower.
Japan's Nikkei 225 rose 0.49% while South Korea's Kospi fell 0.13%.
Hong Kong's Hang Seng declined 0.74% and Singapore's Straits Times Index fell 0.09%.
China's CSI 300 Index fell 0.07% and the Shanghai Composite Index climbed 0.3%.
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Focus Malaysia
11 hours ago
- Focus Malaysia
Late selling pressure drags Bursa Malaysia into the red
BURSA Malaysia closed marginally lower on Tuesday, with the benchmark index slipping 0.16 per cent, reversing earlier gains as mild selling pressure emerged in the final hour of trading. At 5 pm, the FBM KLCI lost 2.46 points to 1,516.95 from Monday's close of 1,519.41. The benchmark index opened 0.30 of-a-point higher at 1,519.71 this morning, and subsequently moved between 1,516.23 and 1,522.43 throughout the day. On the local bourse, decliners beat gainers 441 to 437, while 533 counters were unchanged, 958 untraded and 11 suspended. Turnover expanded to 2.72 bil units worth RM2.09 bil compared with yesterday's 2.61 bil units worth RM1.84 bil. —June 10, 2025
Malaysian Reserve
12 hours ago
- Malaysian Reserve
Late selling pressure drags Bursa Malaysia into the red
BURSA Malaysia closed marginally lower on Tuesday, with the benchmark index slipping 0.16 per cent, reversing earlier gains as mild selling pressure emerged in the final hour of trading. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) lost 2.46 points to 1,516.95 from Monday's close of 1,519.41. The benchmark index opened 0.30 of-a-point higher at 1,519.71 this morning, and subsequently moved between 1,516.23 and 1,522.43 throughout the day. On the local bourse, decliners beat gainers 441 to 437, while 533 counters were unchanged, 958 untraded and 11 suspended. Turnover expanded to 2.72 billion units worth RM2.09 billion compared with yesterday's 2.61 billion units worth RM1.84 billion. UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said the FBM KLCI closed lower today, however, despite the late-session pullback, sectoral leadership remained consistent, with consumer, telecommunications, and plantation counters continuing to provide relative strength. 'The weakness in the broader index was largely attributed to cautious investor positioning ahead of further developments in the ongoing US-China trade negotiations, now entering their second day. 'While initial commentary from both sides has been constructive, market participants are taking a wait-and-see approach, with risk appetite tempered by uncertainty over the outcome and timeline of any potential tariff relief,' he told Bernama. Commenting on market activity, Mohd Sedek noted that local institutional flows remained supportive, but were insufficient to offset profit-taking toward the close. 'Foreign investors continued to reduce exposure, marking the 15th consecutive day of net outflows, although with signs of moderation in selling intensity,' he added. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng, meantime, said that the brokerage firm maintained its weekly FBM KLCI target at the 1,500 to 1,530 range while the market awaits fresh drivers. 'We advise investors to explore opportunities in domestically driven sectors like utilities, real estate, and financials, which are often more resilient to trade shocks,' he added. Among the heavyweights, Maybank shed two sen to RM9.66, Tenaga Nasional and CIMB lost four sen each to RM14.24 and RM6.85, respectively, while Public Bank was unchanged at RM4.26. The top losers in the broader market were led by Nestle, which slid 74 sen to RM75.0, followed by Ayer Holdings which trimmed 40 sen to RM7.20, Allianz erased 28 sen to RM19.12, and Dutch Lady dipped 20 sen to RM29.50. Among the most active stocks, MYEG was half-a-sen better at 95.0 sen, NexG eased one sen to 36 sen, Tanco lost 2.5 sen to 96.5 sen, while Harvest Miracle and Main Market debutant Paradigm REIT were flat at 18 sen and RM1.0, respectively. Meanwhile, 99 Speed Mart Retail Holdings Bhd, in an amended filing with Bursa Malaysia, clarified that the Employees Provident Fund (EPF) had acquired six million shares in the minimart chain operator on June 4 and not 421.79 million shares or a 5.02 per cent stake as previously disclosed on Monday. The retirement fund emerged as a substantial shareholder in 99 Speed Mart after acquiring an additional 0.07 per cent stake in the company, which raised the former's stake in 99 Speed Mart to 5.02 per cent, beyond the 5.0 per cent threshold required to be deemed a substantial shareholder. At closing today, 99 Speed Mart share price rose 4.29 per cent or 9.0 sen to RM2.19 with 11.67 million shares traded. On the index board, the FBM Emas Index gained 0.93 of-a-point to 11,394.12, the FBMT 100 Index edged up 1.08 points to 11,159.55, the FBM Emas Shariah Index advanced 5.18 points to 11,369.22, the FBM 70 Index surged 77.35 points to 16,486.66, while the FBM ACE Index eased 1.35 points to 4,510.78. Sector-wise, the Energy Index climbed 2.45 points to 723.31 while the Financial Services Index slid 37.89 points to 17,694.30, the Industrial Products and Services Index was 0.43 of-a-point easier at 151.91, and the Plantation Index shed 38.80 points to 7,210.03. The Main Market volume advanced to 1.26 billion units valued at RM1.88 billion from 1.23 billion units valued at RM1.61 billion registered at Monday's close. Warrants turnover expanded to 1.15 billion units worth RM108.32 million from 1.09 billion units worth RM134.4 million previously. The ACE Market volume increased to 311.24 million shares valued at RM95.09 million from 280.34 million shares valued at RM94.6 million recorded on Monday. Consumer products and services counters accounted for 228.2 million shares traded on the Main Market, industrial products and services (156.08 million), construction (109.33 million), technology (230.77 million), SPAC (nil), financial services (62.25 million), property (135.0 million), plantation (16.36 million), REITs (65.17 million), closed-end funds (12,200), energy (80.06 million), healthcare (85.12 million), telecommunications and media (41.29 million), transportation and logistics (22.91 million), utilities (28.24 million), and business trusts (64,400). — BERNAMA
Malay Mail
12 hours ago
- Malay Mail
Late sell-off drags KLCI 0.16pc lower as foreign outflows hit 15-day streak
KUALA LUMPUR, June 10 — Bursa Malaysia closed marginally lower on Tuesday, with the benchmark index slipping 0.16 per cent, reversing earlier gains as mild selling pressure emerged in the final hour of trading. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) lost 2.46 points to 1,516.95 from Monday's close of 1,519.41. The benchmark index opened 0.30 of-a-point higher at 1,519.71 this morning, and subsequently moved between 1,516.23 and 1,522.43 throughout the day. On the local bourse, decliners beat gainers 441 to 437, while 533 counters were unchanged, 958 untraded and 11 suspended. Turnover expanded to 2.72 billion units worth RM2.09 billion compared with yesterday's 2.61 billion units worth RM1.84 billion. UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said the FBM KLCI closed lower today, however, despite the late-session pullback, sectoral leadership remained consistent, with consumer, telecommunications, and plantation counters continuing to provide relative strength. 'The weakness in the broader index was largely attributed to cautious investor positioning ahead of further developments in the ongoing US-China trade negotiations, now entering their second day. 'While initial commentary from both sides has been constructive, market participants are taking a wait-and-see approach, with risk appetite tempered by uncertainty over the outcome and timeline of any potential tariff relief,' he told Bernama. Commenting on market activity, Mohd Sedek noted that local institutional flows remained supportive, but were insufficient to offset profit-taking toward the close. 'Foreign investors continued to reduce exposure, marking the 15th consecutive day of net outflows, although with signs of moderation in selling intensity,' he added. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng, meantime, said that the brokerage firm maintained its weekly FBM KLCI target at the 1,500 to 1,530 range while the market awaits fresh drivers. 'We advise investors to explore opportunities in domestically driven sectors like utilities, real estate, and financials, which are often more resilient to trade shocks,' he added. Among the heavyweights, Maybank shed two sen to RM9.66, Tenaga Nasional and CIMB lost four sen each to RM14.24 and RM6.85, respectively, while Public Bank was unchanged at RM4.26. The top losers in the broader market were led by Nestle, which slid 74 sen to RM75.0, followed by Ayer Holdings which trimmed 40 sen to RM7.20, Allianz erased 28 sen to RM19.12, and Dutch Lady dipped 20 sen to RM29.50. Among the most active stocks, MYEG was half-a-sen better at 95.0 sen, NexG eased one sen to 36 sen, Tanco lost 2.5 sen to 96.5 sen, while Harvest Miracle and Main Market debutant Paradigm REIT were flat at 18 sen and RM1.0, respectively. Meanwhile, 99 Speed Mart Retail Holdings Bhd, in an amended filing with Bursa Malaysia, clarified that the Employees Provident Fund (EPF) had acquired six million shares in the minimart chain operator on June 4 and not 421.79 million shares or a 5.02 per cent stake as previously disclosed on Monday. The retirement fund emerged as a substantial shareholder in 99 Speed Mart after acquiring an additional 0.07 per cent stake in the company, which raised the former's stake in 99 Speed Mart to 5.02 per cent, beyond the 5.0 per cent threshold required to be deemed a substantial shareholder. At closing today, 99 Speed Mart share price rose 4.29 per cent or 9.0 sen to RM2.19 with 11.67 million shares traded. On the index board, the FBM Emas Index gained 0.93 of-a-point to 11,394.12, the FBMT 100 Index edged up 1.08 points to 11,159.55, the FBM Emas Shariah Index advanced 5.18 points to 11,369.22, the FBM 70 Index surged 77.35 points to 16,486.66, while the FBM ACE Index eased 1.35 points to 4,510.78. Sector-wise, the Energy Index climbed 2.45 points to 723.31 while the Financial Services Index slid 37.89 points to 17,694.30, the Industrial Products and Services Index was 0.43 of-a-point easier at 151.91, and the Plantation Index shed 38.80 points to 7,210.03. The Main Market volume advanced to 1.26 billion units valued at RM1.88 billion from 1.23 billion units valued at RM1.61 billion registered at Monday's close. Warrants turnover expanded to 1.15 billion units worth RM108.32 million from 1.09 billion units worth RM134.4 million previously. The ACE Market volume increased to 311.24 million shares valued at RM95.09 million from 280.34 million shares valued at RM94.6 million recorded on Monday. Consumer products and services counters accounted for 228.2 million shares traded on the Main Market, industrial products and services (156.08 million), construction (109.33 million), technology (230.77 million), SPAC (nil), financial services (62.25 million), property (135.0 million), plantation (16.36 million), REITs (65.17 million), closed-end funds (12,200), energy (80.06 million), healthcare (85.12 million), telecommunications and media (41.29 million), transportation and logistics (22.91 million), utilities (28.24 million), and business trusts (64,400). — Bernama
