Bursa Slides Nearly 14 Points On Midday
Bursa Malaysia extended its losses at midday as widespread selling pressure weighed down key indices, with the FBM KLCI shedding 13.93 points or 0.93% to 1,485.54.
The benchmark index hit a high of 1,492.44 and a low of 1,482.70 in the morning session.
Broader market weakness was evident with the FBM 70 dropping 166.77 points (-1.08%) to 15,341.47, while the FBM Emas Index declined 104.55 points (-0.94%) to 10,990.84. The FBM Shariah Index lost 97.01 points (-0.89%) to 10,788.06, and the FTSE4Good Bursa Malaysia Index (F4GBM) fell 8.75 points (-0.98%) to 886.17.
On the most active list, Ingenieur Gudang Bhd led with 589.6 million shares traded, slipping 0.5 sen to 3.5 sen. Nextgreen Global Bhd rose 1.5 sen to 36 sen with 266.7 million shares traded, while Awanbiru Technology Bhd gained 0.5 sen to 78.5 sen on volume of 231.9 million shares.
Meanwhile, Magma Group Bhd eased 0.5 sen to 36.5 sen and Bina Puri Holdings Bhd was unchanged at 34.5 sen.
Trading resumed at 2.30pm. Related
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
an hour ago
- The Star
Bursa Malaysia inches up as caution reins in bulls
KUALA LUMPUR: Bursa Malaysia ended the morning session slightly higher, lifted by gains in oil and gas stocks, although overall market sentiment remained cautious amid external uncertainties. At the lunch break, the FBM KLCI rose 2.62 points or 0.17% to 1,526.46, rebounding from an intra-morning low of 1,523.22. Losers outpaced gainers 446 to 278, while 477 counters were unchanged. Turnover stood at 1.6 billion shares worth RM883.6 million. Oil and gas and related stocks were among the top gainers on Bursa Malaysia, buoyed by stronger oil prices amid escalating US-Iran tensions. Hengyuan Refining Co added 11 sen to RM1.71 while Petron Malaysia Refining & Marketing gained 10 sen to RM3.68. Dayang climbed five sen to RM1.90, Hibiscus rose five sen to RM1.55, Dialog added three sen to RM1.53 and Bumi Armada gained 0.5 sen to 48 sen. Other gainers on Bursa Malaysia included PETRONAS Gas, up 16 sen to RM17.86, Chin Tek, up 13 sen to RM8.85, Hong Leong Financial Group, up 12 sen to RM16.70, and Maybank, up nine sen to RM9.79. Among the losers, Hong Leong Industries slid 34 sen to RM13.28, F&N fell 22 sen to RM28.22, Heineken lost 14 sen to RM27.18, and Malaysian Pacific Industries declined 12 sen to RM21.20. Malacca Securities expects the FBM KLCI to trade on a softer tone, mirroring the negative performance on Wall Street. However, the research house remains positive on the construction sector, particularly on SunCon, following its recent RM1.16bil project win, which has boosted its outstanding order book to approximately RM7.9bil — representing a cover ratio of over two times its forecasted FY24 revenue. 'Traders may also focus on the O&G sector amid rising crude oil prices due to escalating geopolitical tension between US-Iran. 'Aside from healthy dividend payouts, we favour Sunway REIT for its active asset acquisition activities and defensive characteristics in weathering economic uncertainties,' Malacca Securities said. Meanwhile, TA Securities expects blue-chip stocks to extend their gains, supported by optimism over easing US-China trade tensions. However, it noted that further upside may be limited by lingering concerns over President Trump's unpredictable trade policies and the absence of clear progress on a US-Malaysia trade agreement. 'Immediate index support stays at 1,490, while stronger supports can be found at 1,465 and 1,444.
New Straits Times
an hour ago
- New Straits Times
KLCI up 0.17pct at midday amid weaker market
KUALA LUMPUR: Bursa Malaysia traded mixed at midday, as losses across the broader market were offset by gains in several index heavyweights, nudging the benchmark higher. At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) added 2.62 points to 1,526.46, up 0.17 per cent from Wednesday's close of 1,523.84. The gains were led by Maybank, YTL Power, and CelcomDigi. Maybank rose nine sen to RM9.79, while YTL Power and CelcomDigi added eight sen each to RM3.73 and RM3.80, respectively. Collectively, the three counters contributed 3.80 points to the index. The benchmark opened 3.87 points higher at 1,527.71 and fluctuated between 1,523.22 and 1,528.72 during the morning session. Market breadth remained negative. Decliners outpaced gainers 446 to 278, while 477 counters were unchanged, 1,194 untraded, and 17 suspended. Hong Leong Investment Bank Bhd noted that the local bourse ended higher on Wednesday as it tracked gains on Wall Street and regional markets, supported by improved breadth and stronger trading activity. "The KLCI may continue to consolidate with a slight upward bias, buoyed by the conclusion of the second round of US-China trade talks in London. "However, broader market sentiment remains cautious amid lingering uncertainty over the pending US-Malaysia tariff agreement and the traditionally soft seasonality for June. Investor confidence remains under pressure amid a fragile global trade environment," it said in a research note today. Among other gainers in the heavyweight group, IHH Healthcare rose four sen to RM6.90, Petronas Gas climbed 16 sen to RM17.86, Maxis added four sen to RM3.63 and Petronas Chemicals was three sen higher at RM3.35. In active trade, Jiankun inched up half-a-sen to three sen, while MYEG, Tanco and Velesto were flat at 97 sen, 97.5 sen and 18.5 sen, respectively. On the index board, the FBM Emas Index rose 7.98 points to 11,445.72, the FBMT 100 Index gained 10.40 points to 11,213.94, and the FBM Emas Shariah Index added 8.03 points to 11,400.70. The FBM 70 Index slipped 19.92 points to 16,505.30, while the FBM ACE Index dropped 36.0 points to 4,508.05. By sector, the Energy Index advanced 6.54 points to 730.31 and the Financial Services Index rose 2.31 points to 17,781.46. The Industrial Products and Services Index eased 0.03 points to 152.28, while the Plantation Index declined 9.32 points to 7,204.50.
New Straits Times
an hour ago
- New Straits Times
KLCI up 0.17 pct at midday amid weaker market
KUALA LUMPUR: Bursa Malaysia traded mixed at midday, as losses across the broader market were offset by gains in several index heavyweights, nudging the benchmark higher. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) added 2.62 points to 1,526.46, up 0.17 per cent from Wednesday's close of 1,523.84. The gains were led by Maybank, YTL Power, and CelcomDigi. Maybank rose nine sen to RM9.79, while YTL Power and CelcomDigi added eight sen each to RM3.73 and RM3.80, respectively. Collectively, the three counters contributed 3.80 points to the index. The benchmark opened 3.87 points higher at 1,527.71 and fluctuated between 1,523.22 and 1,528.72 during the morning session. Market breadth remained negative. Decliners outpaced gainers 446 to 278, while 477 counters were unchanged, 1,194 untraded, and 17 suspended. Hong Leong Investment Bank Bhd noted that the local bourse ended higher on Wednesday as it tracked gains on Wall Street and regional markets, supported by improved breadth and stronger trading activity. "The KLCI may continue to consolidate with a slight upward bias, buoyed by the conclusion of the second round of US-China trade talks in London. "However, broader market sentiment remains cautious amid lingering uncertainty over the pending US-Malaysia tariff agreement and the traditionally soft seasonality for June. Investor confidence remains under pressure amid a fragile global trade environment," it said in a research note today. Among other gainers in the heavyweight group, IHH Healthcare rose four sen to RM6.90, Petronas Gas climbed 16 sen to RM17.86, Maxis added four sen to RM3.63 and Petronas Chemicals was three sen higher at RM3.35. In active trade, Jiankun inched up half-a-sen to three sen, while MYEG, Tanco and Velesto were flat at 97 sen, 97.5 sen and 18.5 sen, respectively. On the index board, the FBM Emas Index rose 7.98 points to 11,445.72, the FBMT 100 Index gained 10.40 points to 11,213.94, and the FBM Emas Shariah Index added 8.03 points to 11,400.70. The FBM 70 Index slipped 19.92 points to 16,505.30, while the FBM ACE Index dropped 36.0 points to 4,508.05. By sector, the Energy Index advanced 6.54 points to 730.31 and the Financial Services Index rose 2.31 points to 17,781.46. The Industrial Products and Services Index eased 0.03 point to 152.28, while the Plantation Index declined 9.32 points to 7,204.50.
