Bursa Malaysia ends higher amid regional gains
KUALA LUMPUR: Bursa Malaysia ended higher on Monday, supported by gains in blue chips and positive regional market sentiment.
The FBM KLCI gained 0.17% or 2.62 points to 1,519.41, with gainers outnumbering losers 535 to 400 on trade of 2.6 billion shares worth RM1.84bil on the broader market.
Daily gainers for FBM KLCI constituents at 15 counters outweigh the losers at 12 counters, while three remain unchanged.
The top gainer on Bursa Malaysia was Dutch Lady , which jumped 74 sen to RM29.70. Malaysian Pacific Industries rose 70 sen to RM20.90, Ayer added 36 sen to RM7.60 and Pentamaster rose 20 sen to RM2.80.
Meanwhile, the top decliner was Nestle, which lost RM1.38 to RM75.74. PETRONAS Dagangan eased 36 sen to RM20.64, LPI Capital fell 30 sen to RM14.60 and Batu Kawan lost 20 sen to RM19.
ACE Market debutant Hartanah Kenyalang closed 1.5 sen lower, or 9.38% down, at 14.5 sen. It was among the most actively traded counters on Bursa Malaysia, with 37.44 million shares changing hands.
On the forex market, the ringgit slipped 0.04% against the US dollar to 4.2332.
The local currency also weakened 0.35% against the pound sterling to 5.7466, and 0.17% against the Singapore dollar to 3.2952.
Regional markets ended broadly higher, with Japan's Nikkei 225 up 0.92%, South Korea's Kospi gaining 1.55%, Hong Kong's Hang Seng rising 1.63%, and China's CSI 300 advancing 0.29%.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Free Malaysia Today
2 hours ago
- Free Malaysia Today
EPF clarifies it bought 0.07% in 99 Speed Mart, and not 5%
The EPF now has a 5.02% stake in 99 Speed Mart, making it a substantial shareholder. (99 Speedmart pic) PETALING JAYA : The Employees Provident Fund (EPF) clarified it only bought a 0.07% stake in 99 Speed Mart Retail Holdings Bhd in its latest acquisition last week. In a rather embarrassing development, EPF issued an 'amended announcement' in a filing with Bursa Malaysia today stating it bought six million shares in the minimart chain operator on June 4. In its bourse filing yesterday, the provident fund announced it acquired 421.79 million shares, or a 5.02% stake, on June 4. Today's filing implies that EPF had previously accumulated a total of 4.95% equity interest in the country's largest operator of grocery stores. The acquisitions were made through Citigroup Nominees (Tempatan) Sdn Bhd. The latest purchase of 0.07% upped its stake to 5.02%, beyond the 5% threshold, thus making EPF a substantial shareholder. 99 Speed Mart's single largest shareholder is its founder and CEO Lee Thiam Wah, who controls 79.68% equity interest in the company. The group was granted a waiver from the Securities Commission Malaysia from having to meet the minimum 25% public spread requirement for its listing exercise. 99 Speed Mart ended the day up 9 sen or 4.3% at RM2.19, valuing it at RM18.4 billion. Its shares have dropped 11% year to date. Despite that, the stock has jumped almost 33% since the company was listed last September at an IPO price of RM1.65. The listing was Malaysia's largest in seven years and catapulted the wheelchair-bound Lee to billionaire status. Forbes ranks him at No 8 in its Malaysia's 50 Richest list, with a net worth of US$4.1 billion (RM17.37 billion). Lee, 61, who contracted polio as an infant, started his entrepreneurial journey by selling snacks by the roadside as a teenager. 99 Speed Mart kicked off its first quarter ended March 31 (Q1 FY2025) with a robust 7.5% rise in net profit to RM143.18 million despite rising uncertainty in the Malaysian economy. Its revenue grew at a similar pace, rising 7.7% to RM2.61 billion from RM2.43 billion in Q1 FY2024, driven by stronger retail sales and network expansion.
New Straits Times
3 hours ago
- New Straits Times
Encorp names Ahmad Harzimi as group CEO
KUALA LUMPUR: Encorp Bhd has appointed Ahmad Harzimi Mohd Taib as its group chief executive officer effective from June 10. In a filing to Bursa Malaysia, the property developer said Ahmad Harzimi, 51, brings over 25 years of experience across property development, construction, food and beverages (F&B) and general trading. He also held senior leadership roles for more than 15 years in government-linked investment companies, public listed companies, private firms and government agencies. His most recent position was as the head of corporate services at TH Properties Sdn Bhd Prior to that, he served as vice president of legal at PR1MA Corporation Malaysia. Earlier in his career, Ahmad Harzimi served at Putrajaya Holdings Sdn Bhd, the master developer of Putrajaya, where he was involved in the concession negotiations with the government. Encorp's share price closed 11.11 per cent or 1.5 sen higher to 15 sen, giving it a market capitalisation of RM47.50 million.
Focus Malaysia
4 hours ago
- Focus Malaysia
Late selling pressure drags Bursa Malaysia into the red
BURSA Malaysia closed marginally lower on Tuesday, with the benchmark index slipping 0.16 per cent, reversing earlier gains as mild selling pressure emerged in the final hour of trading. At 5 pm, the FBM KLCI lost 2.46 points to 1,516.95 from Monday's close of 1,519.41. The benchmark index opened 0.30 of-a-point higher at 1,519.71 this morning, and subsequently moved between 1,516.23 and 1,522.43 throughout the day. On the local bourse, decliners beat gainers 441 to 437, while 533 counters were unchanged, 958 untraded and 11 suspended. Turnover expanded to 2.72 bil units worth RM2.09 bil compared with yesterday's 2.61 bil units worth RM1.84 bil. —June 10, 2025
