Market Ends In The Red Territory Despite TNB, Nestle Buck Trend
Market activity slowed, with turnover narrowing to 2.21 billion shares worth RM2.35 billion compared to 2.51 billion units worth RM2.38 billion on Aug 6.
Among the top losers, Fraser & Neave Holdings Bhd slipped 40 sen to RM28.20, while Carlsberg Brewery Malaysia Bhd lost 38 sen to close at RM17.30. Other laggards include Heineken Malaysia Bhd, which fell 28 sen to RM23.22, Panasonic Manufacturing Malaysia Bhd, which eased 22 sen to RM10.18, and Malaysian Pacific Industries Bhd, which declined by 20 sen to RM20.30.
On the gaining side, Tenaga Nasional Bhd (TNB) led with a 58 sen rise to RM13.76 on strong volume, followed by Nestle (M) Bhd, up 36 sen to RM89.80, PPB Group BHd, which gained 32 sen to RM9.30. Other notable gainers for the trading session include Ajiya Bhd, which grew 15 sen to RM2.09, and Eurospan Holdings Bhd, which surged 12 sen to RM2.90.
The cautious sentiment reflects ongoing market uncertainty, with investors largely on the sidelines ahead of key regional economic data releases.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
2 hours ago
- The Star
FBM KLCI extends uptrend on relief over 90-day US-China tariff truce
KUALA LUMPUR: Bursa Malaysia opened lower but quickly reversed course to trade higher on Tuesday, lifted by relief over a 90-day tariff truce between the United States and China. The truce halts planned US tariffs of up to 145% on Chinese goods and Chinese tariffs of up to 125% on US goods, Reuters reported. The FBM KLCI rose 9.73 points, or 0.62%, to 1,572.97 at 9.28 am, buoyed by gains in PETRONAS-linked counters. The index had earlier opened 1.41 points lower at 1,561.83. Berjaya Research Sdn Bhd said short-term profit-taking may emerge, given the negative developments on Wall Street overnight and the recent market gains. 'A pullback could prove to be healthy, which often helps markets to digest recent advances and lay the groundwork for renewed momentum. 'Looking ahead, investors will be tuning towards U.S. inflation data slated to be released later tonight which could provide further signals on the timing of potential interest rate cuts,' the research house said. 'With the local bourse solidifying its position above SMA200, we keep our view that the immediate resistance is located at 1,566 points, followed by 1,570 points. Meanwhile, the immediate support is envisaged at 1,540 points, and thereafter at 1,532 points,' it added. PETRONAS Dagangan rose 38 sen to RM23.28, Kuala Lumpur Kepong added 26 sen to RM19.68, PETRONAS Gas climbed 24 sen to RM19 and F&N gained 20 sen to RM28.20. Country View slid 15 sen to RM2.16, Keck Seng fell 10 sen to RM5.35, Malaysian Pacific Industries eight sen to RM21.48 and KESM lost seven sen to RM2.51. Classita, the most actively traded counter on Bursa Malaysia, rose 11.11% to 10 sen with 169.02 million shares changing hands, while NexG gained 2.5 sen to 40 sen with 48.97 million shares traded. Overnight, the Dow Jones Industrial Average closed 0.45% lower to 43,975.09, the S&P 500 lost 0.25% to 6,373.45, and the Nasdaq Composite lost 0.3% to 21,385.40.
Focus Malaysia
4 days ago
- Focus Malaysia
Bursa Malaysia outperforms regional peers, ends week at intraday high
BURSA Malaysia ended the week higher, closing at an intraday high, outperforming regional peers as the formal announcement of the 13th Malaysia Plan and renewed developments in United States trade tariff policy served as dual tailwinds for market sentiment. At 5 pm, the FBM KLCI rose 7.87 points or 0.51 per cent to close at 1,556.98 from Thursday's close of 1,549.11. The benchmark index had opened 0.11 of a point lower at 1,549.00 and hit its lowest level of 1,546.41 during the morning session but gained momentum thereafter. However, the broader market was negative, with decliners beating gainers 541 to 448, while 494 counters were unchanged, 1,030 untraded and nine suspended. Turnover increased to 2.43 bil units worth RM2.22 bil from 2.21 bil units worth RM2.35 bil on Thursday. —Aug 8, 2025
New Straits Times
5 days ago
- New Straits Times
Persistent buying in heavyweights lifts Bursa Malaysia to end at intraday high
KUALA LUMPUR: Bursa Malaysia rebounded from a subdued morning session to close at its intraday high on Thursday, driven by sustained buying interest in selected heavyweights, particularly in the utilities and technology sectors, amid upbeat regional markets. Additionally, investor confidence was further buoyed by policy clarity following Prime Minister Datuk Seri Anwar Ibrahim's remarks during the Budget 2026 engagement session held in Putrajaya, today. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 7.63 points or 0.50 per cent to close at 1,549.11 from Wednesday's close of 1,541.48. The benchmark index, which opened 0.98 of-a-point lower at 1,540.50, hit its lowest level of 1,537.74 in the morning session before gaining momentum for the rest of the day. However, the broader market was negative, with decliners beating gainers 517 to 424, while 539 counters were unchanged, 1,025 untraded and nine suspended. Turnover narrowed to 2.21 billion units worth RM2.35 billion from 2.51 billion units worth RM2.38 billion on Wednesday. UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research Mohd Sedek Jantan said gains in the FBM KLCI accelerated in the afternoon session, reflecting improved investor sentiment following policy signals from the government and a constructive domestic economic data release. "The government highlighted three strategic sectors—semiconductors, energy transition, and the Islamic economy—as core pillars of its forthcoming fiscal strategy. "The budget consultation solicits feedback from a broad range of stakeholders, reinforcing the administration's commitment to inclusive and forward-looking fiscal planning," he told Bernama. On the economic front, Malaysia's Industrial Production Index (IPI) rose by 3.0 per cent year-on-year in June 2025, driven by sustained growth in the manufacturing and electricity sectors. Among the heavyweights, Maybank and IHH were flat at RM9.63 and RM6.95, respectively, Public Bank eased one sen to RM4.29, CIMB lost three sen to RM6.78, while Tenaga Nasional rose 58 sen to RM13.76. Of the most active counters, Pharmaniaga, Tanco and Zetrix AI all slipped one sen to 17.5 sen, 77 sen and 86 sen, respectively, while Inari Amertron improved three sen to RM1.89, and Top Glove remained unchanged at 61.5 sen.
