FBM KLCI hits three-month high in sixth winning streak
At 5pm, the FBM KLCI rose 4.66 points, or 0.3%, to 1,567.90, its highest level since mid-May 2025, with 18 of the 30 constituent stocks closing higher. The index reached an intraday high of 1,572.97 and a low of 1,561.83.
PETRONAS Dagangan jumped 80 sen to RM23.70, Malaysian Pacific Industries added 44 sen to RM22, Bintulu Port gained 27 sen to RM5.38 and Hong Leong Bank climbed 26 sen to RM19.60.
Conversely, Nestle slid 32 sen to RM88.20, UMS Integration lost 24 sen to RM5.02, F&N fell 22 sen to RM27.78 and IJM declined 14 sen to RM2.96.
Meanwhile, the ringgit was quoted at 4.2310 against the US dollar, appreciating by 0.07%, and strengthened 0.18% against the Singapore dollar to 3.2894.
The local currency also rose 0.29% against the euro to 4.9143, but declined 0.06% against the pound sterling to 5.6989.
Dealers said markets were encouraged after the United States and China extended their 90-day tariff truce to November, which helped cushion investor sentiment.
Asia benchmark finished mostly higher. Japan's Nikkei 225 gained 2.15%, South Korea's Kospi dropped 0.53%, and Hong Kong's Hang Seng rose 0.25%.
China's CSI300 added 0.52%, while the Shanghai Composite closed 0.5% higher.
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The Star
6 hours ago
- The Star
Bursa Malaysia takes a breather despite positive market sentiment
KUALA LUMPUR: Bursa Malaysia took a breather on Friday, mirroring the subdued performance of regional markets, despite positive sentiment following the release of Malaysia's second-quarter 2025 (2Q 2025) gross domestic product (GDP) data. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 4.71 points, or 0.30 per cent, to close at 1,576.34 from yesterday's close of 1,581.05. The benchmark index opened 0.70 of-a-point firmer at 1,581.75, and moved between 1,571.19 and 1,581.79 throughout the day. The broader market was negative, with decliners leading advancers 488 to 449, while 497 counters were unchanged, 1,138 untraded and seven suspended. Turnover declined to 2.01 billion units worth RM2.03 billion from 2.40 billion units worth RM2.66 billion yesterday. UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said market sentiment was steady following the release of Malaysia's 2Q 2025 GDP data, which expanded 4.4 per cent year-on-year, aligning with the company's forecast range of 4.30 to 4.50 per cent and only marginally below the advance estimate of 4.5 per cent. "The outcome defied earlier expectations that April's reciprocal tariffs, announced by United States (US) President Donald Trump, coupled with prolonged US trade policy uncertainty, would prompt a more pronounced slowdown as businesses adopted a wait-and-see stance. "With policy direction from Washington now clearer, we believe the worst of the trade-related drag has passed, allowing growth to remain supported in the near term,' he told Bernama. In today's session, banking stocks led gains among the FBM KLCI constituents. "The sector is often viewed as a proxy for economic momentum, and with GDP data broadly meeting market expectations, investors rotated into financials on the belief that a resilient macro backdrop will support sustained credit demand and earnings visibility. "This sectoral strength helped offset weakness in selected commodity-linked and export-oriented counters, which remain sensitive to shifts in global trade sentiment,' he added. Externally, Mohd Sedek noted that immediate market attention is shifting to Trump's meeting with Russian President Vladimir Putin in Alaska later today, coinciding with the release of US retail sales data. "While headline risk from the geopolitical front may generate intraday volatility in late US trading, market beta is more likely to respond decisively at Monday's opening,' he said. Among the heavyweights, CIMB added 5.0 sen to RM7.25, Maybank eased 4.0 sen to RM9.80, Tenaga Nasional went down 6.0 sen to RM13.62, IHH Healthcare declined 8.0 sen to RM6.82, while Public Bank was flat at RM4.45. Of the most active counters, Tanco perked up 1.0 sen to 73 sen, Oxford Innotech went up 3.5 sen to 44.5 sen, Zetrix AI inched down half-a-sen to 89.5 sen, Bina Puri was 1.5 sen lower at 35 sen, and TWL was flat at 2.5 sen. Across the broader market, the FBM Emas Index fell 29.86 points to 11,731.06, the FBMT 100 Index slipped 30.86 points to 11,512.86, the FBM Emas Shariah Index slumped 53.60 points to 11,654.85, the FBM 70 Index sank 29.25 points to 16,660.68, while the FBM ACE Index jumped 46.91 points to 4,713.45. By sector, the Financial Services Index increased 29.54 points to 18,080.07, the Plantation Index slipped 77.62 points to 7,504.03, the Industrial Products and Services Index eased 1.22 points to 157.72, while the Energy Index perked up 1.34 points to 740.83. The Main Market volume declined to 1.17 billion units valued at RM1.82 billion from Thursday's 1.33 billion units valued at RM2.42 billion. Warrants turnover dwindled to 474.97 million units worth RM66.97 million from 683.46 million units worth RM100.19 million previously. The ACE Market volume decreased to 359.0 million units worth RM135.16 million from 391.12 million units worth RM142.13 million yesterday. Consumer products and services counters accounted for 217.46 million shares traded on the Main Market; industrial products and services (143.74 million), construction (102.71 million), technology (138.34 million), financial services (63.09 million), property (185.03 million), plantation (25.07 million), REITs (37.19 million), closed-end fund (1,100), energy (85.52 million), healthcare (77.37 million), telecommunications and media (25.44 million), transportation and logistics (38.10 million), utilities (32.27 million), and business trusts (3,500). - Bernama
New Straits Times
6 hours ago
- New Straits Times
Bursa Malaysia takes a breather despite positive market sentiment
KUALA LUMPUR: Bursa Malaysia took a breather on Friday, mirroring the subdued performance of regional markets, despite positive sentiment following the release of Malaysia's second-quarter 2025 (2Q 2025) gross domestic product (GDP) data. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 4.71 points, or 0.30 per cent, to close at 1,576.34 from yesterday's close of 1,581.05. The benchmark index opened 0.70 of-a-point firmer at 1,581.75, and moved between 1,571.19 and 1,581.79 throughout the day. The broader market was negative, with decliners leading advancers 488 to 449, while 497 counters were unchanged, 1,138 untraded and seven suspended. Turnover declined to 2.01 billion units worth RM2.03 billion from 2.40 billion units worth RM2.66 billion yesterday. UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said market sentiment was steady following the release of Malaysia's 2Q 2025 GDP data, which expanded 4.4 per cent year-on-year, aligning with the company's forecast range of 4.30 to 4.50 per cent and only marginally below the advance estimate of 4.5 per cent. "The outcome defied earlier expectations that April's reciprocal tariffs, announced by United States (US) President Donald Trump, coupled with prolonged US trade policy uncertainty, would prompt a more pronounced slowdown as businesses adopted a wait-and-see stance. "With policy direction from Washington now clearer, we believe the worst of the trade-related drag has passed, allowing growth to remain supported in the near term," he told Bernama. In today's session, banking stocks led gains among the FBM KLCI constituents. "The sector is often viewed as a proxy for economic momentum, and with GDP data broadly meeting market expectations, investors rotated into financials on the belief that a resilient macro backdrop will support sustained credit demand and earnings visibility. "This sectoral strength helped offset weakness in selected commodity-linked and export-oriented counters, which remain sensitive to shifts in global trade sentiment," he added. Externally, Mohd Sedek noted that immediate market attention is shifting to Trump's meeting with Russian President Vladimir Putin in Alaska later today, coinciding with the release of US retail sales data. "While headline risk from the geopolitical front may generate intraday volatility in late US trading, market beta is more likely to respond decisively at Monday's opening," he said. Among the heavyweights, CIMB added 5.0 sen to RM7.25, Maybank eased 4.0 sen to RM9.80, Tenaga Nasional went down 6.0 sen to RM13.62, IHH Healthcare declined 8.0 sen to RM6.82, while Public Bank was flat at RM4.45. Of the most active counters, Tanco perked up 1.0 sen to 73 sen, Oxford Innotech went up 3.5 sen to 44.5 sen, Zetrix AI inched down half-a-sen to 89.5 sen, Bina Puri was 1.5 sen lower at 35 sen, and TWL was flat at 2.5 sen.
Focus Malaysia
6 hours ago
- Focus Malaysia
Bursa Malaysia takes a breather despite positive market sentiment
BURSA Malaysia took a breather on Friday, mirroring the subdued performance of regional markets, despite positive sentiment following the release of Malaysia's second-quarter 2025 gross domestic product (GDP) data. At 5 pm, the FBM KLCI eased 4.71 points, or 0.30 per cent, to close at 1,576.34 from yesterday's close of 1,581.05. The benchmark index opened 0.70 of-a-point firmer at 1,581.75, and moved between 1,571.19 and 1,581.79 throughout the day. The broader market was negative, with decliners leading advancers 488 to 449, while 497 counters were unchanged, 1,138 untraded and seven suspended. Turnover declined to 2.01 bil units worth RM2.03 bil from 2.40 bil units worth RM2.66 bil yesterday. —Aug 15, 2025
