KLCI Kicks Off With A Climb As Bulls Take Charge
Bursa Malaysia opened on a positive note today, with the benchmark FBM KLCI climbing 8.84 points to 1,523.13 as of 9.18am, supported by gains across broader indices and steady investor sentiment.
The FBM 70 advanced 134.88 points to 16,213.86 while the FBM Emas improved by 71.72 points to 11,359.75. The Shariah Index (FBMSHA) rose 70.65 points to 11,294.80, and the F4GBM ESG Index gained 5.83 points to 918.42, reflecting broad-based optimism in the market.
Among the most actively traded stocks, Nexgram Holdings led the volume chart, rising 1 sen to 36.5 sen on 147.2 million shares traded. Magma Group followed, gaining 1 sen to 48.5 sen with 61.8 million units changing hands. Meanwhile, RL slipped 2 sen to 29 sen, and CKI fell 3 sen to RM1.05. MYEG edged up half a sen to 92.5 sen.
The market sentiment appeared buoyant, with more advancers than decliners at the opening bell, in line with regional peers and improved overnight cues from global markets. Related
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The Star
6 hours ago
- The Star
Bursa Malaysia ends higher on regional gains, Middle East optimism
KUALA LUMPUR: Bursa Malaysia ended on a positive note today with the key index rising 0.36 per cent amid renewed optimism across the board, tracking advancers in key regional markets following encouraging developments in the Middle East, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.50 points to 1,519.79 from Tuesday's close of 1,514.29. The FBM KLCI opened 4.38 points firmer at 1,518.67, climbed to an intraday high of 1,524.71 during the mid-morning session, but pared its gains to hit a low of 1,515.86 in the late afternoon session. The broader market was positive with 577 gainers outnumbering 389 decliners, while 480 counters were unchanged, 997 untraded and 25 suspended. Turnover improved to 3.15 billion units worth RM2.27 billion from 2.53 billion units worth RM2.04 billion recorded on Tuesday. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said key regional markets ended higher after Iran and Israel reached a ceasefire, boosting investor sentiment and risk appetite. "Domestically, we view the Israel-Iran ceasefire as positive for market sentiment, as eased geopolitical tensions contribute to a more stable global environment. "We remain hopeful that peace negotiations will progress, and expect the FBM KLCI to trend between 1,520 and 1,530 towards the weekend," he told Bernama. Meanwhile, UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research Mohd Sedek Jantan highlighted that the increase in trading volume signals a return of broader market participation. "This level of activity, combined with sectoral breadth, suggests improving investor engagement following weeks of cautious trading. "While we maintain a cautiously constructive outlook, volatility is expected to remain a defining feature of the market in the coming months," he added. Among the heavyweights, Maybank and Public Bank eased one sen to RM9.79 and RM4.30 respectively, Tenaga Nasional fell two sen to RM14.24, while CIMB was unchanged at RM6.77, and IHH Healthcare increased 11 sen to RM6.70. Among the most active stocks, Reservoir Link trimmed 8.5 sen to 22.5 sen, Tanco shed one sen to 93 sen, while MYEG put on 1.5 sen to 93.5 sen, NationGate garnered eight sen to RM1.62, and NexG was flat at 35.5 sen. On the index board, the FBM Emas Index increased 58.53 points to 11,346.56, the FBMT 100 Index climbed 56.08 points to 11,128.40, and the FBM Emas Shariah Index rose 77.63 points to 11,301.78. The FBM 70 Index garnered 151.12 points to 16,230.10 and the FBM ACE Index rose 41.26 points to 4,458.97. By sector, the Financial Services Index slipped 15.47 points to 17,663.00, the Industrial Products and Services Index added 1.24 points to 150.21, the Plantation Index perked up 1.16 points to 7,230.19, and the Energy Index ticked up 0.22 of-a-point to 728.11. The Main Market volume was slightly higher at 1.34 billion units worth RM1.96 billion against 1.33 billion units valued at RM1.83 billion on Tuesday. Warrants turnover surged to 1.48 billion units worth RM193.88 million from 962.11 million units worth RM125.76 million previously. The ACE Market volume swelled to 332.13 million units valued at RM111.47 million versus 241.75 million units valued at RM88.63 million yesterday. Consumer products and services counters accounted for 215.78 million shares traded on the Main Market, industrial products and services (238.68 million), construction (89.11 million), technology (178.84 million), SPAC (nil), financial services (66.04 million), property (137.47 million), plantation (19.05 million), REITs (31.49 million), closed end fund (4,000), energy (162.17 million), healthcare (78.26 million), telecommunications and media (53.71 million), transportation and logistics (196.23 million), utilities (49.48 million), and business trusts (13,700). - Bernama
BusinessToday
6 hours ago
- BusinessToday
KLCI Kicks Off With A Climb As Bulls Take Charge
Bursa Malaysia opened on a positive note today, with the benchmark FBM KLCI climbing 8.84 points to 1,523.13 as of 9.18am, supported by gains across broader indices and steady investor sentiment. The FBM 70 advanced 134.88 points to 16,213.86 while the FBM Emas improved by 71.72 points to 11,359.75. The Shariah Index (FBMSHA) rose 70.65 points to 11,294.80, and the F4GBM ESG Index gained 5.83 points to 918.42, reflecting broad-based optimism in the market. Among the most actively traded stocks, Nexgram Holdings led the volume chart, rising 1 sen to 36.5 sen on 147.2 million shares traded. Magma Group followed, gaining 1 sen to 48.5 sen with 61.8 million units changing hands. Meanwhile, RL slipped 2 sen to 29 sen, and CKI fell 3 sen to RM1.05. MYEG edged up half a sen to 92.5 sen. The market sentiment appeared buoyant, with more advancers than decliners at the opening bell, in line with regional peers and improved overnight cues from global markets. Related
Free Malaysia Today
8 hours ago
- Free Malaysia Today
UEM Sunrise's data centre MoU with S'pore firm collapses
UEM Sunrise and Logos Infrastructure Holdco signed an MoU in May 2024 to develop a data centre in Gerbang Nusajaya, Johor. (Freepik pic) PETALING JAYA : UEM Sunrise Bhd's deal to build a data centre campus in Gerbang Nusajaya, Johor, with Singapore firm Logos Infrastructure Holdco Pte Ltd has been scrapped. The property developer confirmed that the plan to develop an up to 360 megawatt data centre has fallen through following changes in Logos's ownership and business direction. Its officer in charge and chief financial officer Hafizuddin Sulaiman revealed this in an email response to The Edge. 'The partnership with Logos has lapsed following a change in Logos's ownership, which led to a shift in its overall business focus and strategic direction,' he said. ESR Group Ltd, which acquired 86.4% of privately-held Logos previously, had bought out the remaining 13.6% stake from the company's founders in July 2024. Logos does not appear to have much of a track record in the data centre industry given it was only incorporated in February 2021. UEM Sunrise, at the time of writing, has yet to make a filing on the matter with Bursa Malaysia. News of the data centre collaboration with Logos being in jeopardy surfaced last month in several research house reports. UEM Sunrise and Logos had inked a memorandum of understanding in May 2024 to jointly develop the site into a data centre campus. The collaboration included end-to-end construction management, technical work, and assisting in government-related processes, such as licensing applications and securing state approvals. Hafizuddin said UEM Sunrise is now in talks to sell a 74-acre land as part of its strategy to 'monetise non-core assets'. 'We have received early expressions of interest and are in preliminary discussions with several potential buyers. At this stage, no binding agreements have been formalised,' he said in the email. As at end-December 2024, the company's remaining landbank stood at 5,198 acres, carrying an estimated gross development value (GDV) of RM90.9 billion. UEM Sunrise posted a 151% jump in net profit for its first quarter ended March 31, 2025 to RM20.49 million from RM8.18 million a year earlier on higher revenue and lower finance costs. Revenue surged 85.65% to RM417.63 million from RM224.96 million previously. According to its 2024 annual report, its largest shareholder with a 69.6% stake is UEM Group Bhd, which is in turn wholly owned by Khazanah Nasional Bhd, the national sovereign wealth fund. UEM Sunrise was up one sen or 1.4% at 70 sen at 3.05pm, valuing the group at RM3.54 billion. The counter has tumbled 33.5% so far this year.
