Weighing the odds for Genting Malaysia
ONCE a preferred pick among institutional and retail investors, Genting Malaysia Bhd seems to be on a losing streak with its share price under pressure from soft earnings, rising debt and renewed governance concerns.
This sentiment was underscored by the stock's removal – along with parent Genting Bhd – from the FBM KLCI benchmark index at the end of last year.
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The Sun
2 hours ago
- The Sun
KL shares remains positive at mid-afternoon, YTL and Public Bank lift KLCI
KUALA LUMPUR: Kuala Lumpur shares remained positive at mid-afternoon on broad-based buying interest, with gains in YTL counters and Public Bank helping to lift the benchmark index. YTL Corporation gained 12 sen to RM2.14, YTL Power International garnered 13 sen to RM3.64, and Public Bank advanced four sen to RM4.30. These three counters contributed a combined 5.45 points to the composite index's gains. At 3 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 8.05 points to 1,525.0 from Tuesday's close of 1,516.95. The benchmark index opened 3.91 points higher at 1,520.86. Across the board, gainers led losers 481 to 394, while a total of 472 counters were unchanged, 1,022 untraded and 11 suspended. Turnover stood at 2.27 billion units valued at RM1.44 billion. For other heavyweights, Maybank climbed four sen to RM9.70, Tenaga Nasional perked up two sen to RM14.26, CIMB advanced seven sen to RM6.92, while IHH and CelcomDigi eased one sen to RM6.88 and RM3.77, respectively. The gainers in the broader market were led by Nestle, which put on 60 sen to RM75.60, F&N increased 58 sen to RM28.38, Allianz jumped 32 sen to RM19.44, and Sunway Construction was 19 sen better at RM6.16. Among the most active stocks, MYEG edged up two sen to 97 sen, TWL was unchanged at 2.5 sen, Tanco advanced half-a-sen to 97 sen, and Gamuda garnered nine sen to RM4.79. On the index board, the FBM Emas Index added 47.08 points to 11,441.20, the FBMT 100 Index gained 48.49 points to 11,208.04, and the FBM Emas Shariah Index increased 34.19 points to 11,403.41. The FBM 70 Index advanced 29.14 points to 16,515.80 and the FBM ACE Index inched up by 1.45 points to 4,512.23. Sector-wise, the Financial Services Index rose 81.29 points to 17,775.58, the Energy Index climbed 1.05 points to 724.36, the Industrial Products and Services Index ticked up 0.53 of-a-point to 152.44, and the Plantation Index improved 7.72 points to 7,217.75.
The Sun
2 hours ago
- The Sun
KLCI rises on broad gains, led by YTL and Public Bank
KUALA LUMPUR: Kuala Lumpur shares remained positive at mid-afternoon on broad-based buying interest, with gains in YTL counters and Public Bank helping to lift the benchmark index. YTL Corporation gained 12 sen to RM2.14, YTL Power International garnered 13 sen to RM3.64, and Public Bank advanced four sen to RM4.30. These three counters contributed a combined 5.45 points to the composite index's gains. At 3 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 8.05 points to 1,525.0 from Tuesday's close of 1,516.95. The benchmark index opened 3.91 points higher at 1,520.86. Across the board, gainers led losers 481 to 394, while a total of 472 counters were unchanged, 1,022 untraded and 11 suspended. Turnover stood at 2.27 billion units valued at RM1.44 billion. For other heavyweights, Maybank climbed four sen to RM9.70, Tenaga Nasional perked up two sen to RM14.26, CIMB advanced seven sen to RM6.92, while IHH and CelcomDigi eased one sen to RM6.88 and RM3.77, respectively. The gainers in the broader market were led by Nestle, which put on 60 sen to RM75.60, F&N increased 58 sen to RM28.38, Allianz jumped 32 sen to RM19.44, and Sunway Construction was 19 sen better at RM6.16. Among the most active stocks, MYEG edged up two sen to 97 sen, TWL was unchanged at 2.5 sen, Tanco advanced half-a-sen to 97 sen, and Gamuda garnered nine sen to RM4.79. On the index board, the FBM Emas Index added 47.08 points to 11,441.20, the FBMT 100 Index gained 48.49 points to 11,208.04, and the FBM Emas Shariah Index increased 34.19 points to 11,403.41. The FBM 70 Index advanced 29.14 points to 16,515.80 and the FBM ACE Index inched up by 1.45 points to 4,512.23. Sector-wise, the Financial Services Index rose 81.29 points to 17,775.58, the Energy Index climbed 1.05 points to 724.36, the Industrial Products and Services Index ticked up 0.53 of-a-point to 152.44, and the Plantation Index improved 7.72 points to 7,217.75.
New Straits Times
4 hours ago
- New Straits Times
FBM KLCI rises to 1,524.31 at midday as market eyes US-China trade talks
KUALA LUMPUR: Bursa Malaysia ended the morning trading session in positive territory amid cautious optimism in the market, as the wait continued for the outcome of the trade talks between the United States (US) and China. At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 7.36 points to 1,524.31 from Tuesday's close of 1,516.95. The benchmark index opened 3.91 points higher at 1,520.86 -- the lowest level so far in the day -- and increased as high as 1,530.85 during the session. Gainers thumped losers 459 to 364 in the broader market, while a total of 474 counters were unchanged, 1,072 untraded and 11 suspended. Turnover stood at 2.0 billion units valued at RM1.16 billion. Public Bank Investment Bank Bhd said global stock markets were higher as talks between the world's two largest economies carried into a second day. "Stocks have roared higher since dropping roughly 20 per cent below their record two months ago, after a series of tariff announcements shocked financial markets, which raised worries about a possible recession. "Much of the rally has been due to hopes that Trump would lower his tariffs after reaching trade deals with countries around the world," it said in a note. Among the heavyweights, CIMB was nine sen firmer at RM6.94, YTL Power and YTL Corporation added 11 sen each to RM3.62 and RM2.13, respectively, and Public Bank improved two sen to RM4.28, while CelcomDigi was flat at RM3.78. The top gainers were led by Allianz which gained 30 sen to RM19.42, followed by Sunway Construction which rose 26 sen to RM6.23, and F&N and Batu Kawan which racked up 18 sen each to RM27.98 and RM19.18, respectively. Among the most active stocks, MYEG advanced one sen to 96.0 sen, while TWL and Ta Win were flat at 2.5 sen and two sen, respectively. On the index board, the FBM Emas Index went up 43.27 points to 11,437.39, the FBMT 100 Index rose 44.49 points to 11,204.04, and the FBM Emas Shariah Index climbed 32.26 points to 11,401.48. The FBM 70 Index expanded 27.66 points to 16,514.32 and the FBM ACE Index stepped up 4.44 points to 4,515.22. Sector-wise, the Industrial Products and Services Index increased by 0.42 point to 152.33, the Plantation Index firmed 19.65 points to 7,229.68, and the Financial Services Index bagged 74.95 points to 17,769.26. However, the Energy Index eased by 0.11 point to 723.42.
