Latest news with #13MP
Free Malaysia Today
11 hours ago
- Business
- Free Malaysia Today
Late selling drags Bursa to intraday low ahead of 13MP
KUALA LUMPUR : Bursa Malaysia ended at its intraday low today, pressured by late selling as investors positioned themselves ahead of the 13th Malaysia Plan (13MP) announcement on Thursday. Apart from that, investors are awaiting fresh catalysts from the outcome of the US federal open market committee (FOMC) meeting scheduled on July 29-30, amid ongoing US-China trade talks in Stockholm. UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research Sedek Jantan said investors appear to be positioning their portfolios/strategies ahead of potential domestic fiscal support, especially if external trade conditions deteriorate. 'The 13MP, to be unveiled in Parliament on Thursday under the Madani framework, will reinforce the government's pro-growth trajectory, with a strong emphasis on infrastructure and industrial development,' he told Bernama. Sedek said the FTSE Bursa Malaysia KLCI (FBM KLCI) closed lower today as sentiment turned increasingly cautious ahead of key global policy events. He said market focus is now on the FOMC meeting as it is expected that the Federal Reserve (Fed) will leave rates unchanged, and the committee's forward guidance will be more closely scrutinised. 'In light of reduced tariff uncertainty from recent trade deals, Fed chairman Jerome Powell may choose to maintain flexibility for a September move. 'Markets appear to be pricing in this optionality, while remaining highly sensitive to the interplay between global policy risk and domestic macroeconomic resilience,' he said. He further noted that the positive signals from the US-China trade talks in Stockholm further buoyed market sentiment. 'The meeting between US Treasury secretary Scott Bessent and Chinese vice-premier He Lifeng, which focussed on addressing global economic imbalances, was seen as a constructive step ahead of the Aug 1 tariff deadline, helping to reduce geopolitical risk premiums. 'As such, investor reaction remains more measured, perhaps reflecting increased confidence in diplomatic engagement or reduced expectations of immediate escalation,' he noted. Meanwhile, Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng anticipates the local index to remain cautious as underlying sentiment continues to be weighed down by external uncertainties and inconsistent fund flows. 'With lingering concerns over global trade developments, monetary policy shifts, and foreign fund outflows, the broader outlook remains fragile. 'As such, we maintain our weekly FBM KLCI target at 1,510-1,540,' said Thong. At 5pm, the FBM KLCI fell 5.56 points, or 0.36%, to close at 1,523.82 from yesterday's close of 1,529.38. The benchmark index opened 0.20 of-a-point firmer at 1,529.58 and subsequently hit its highest level of 1,537.62 in early trade before trending downward for the rest of the day. In the broader market, losers led gainers 603 to 365, while 506 counters were unchanged, 1,047 untraded and 44 suspended. Turnover improved to 3.36 billion units worth RM2.18 billion from 3 billion shares worth RM2.3 billion yesterday. Heavyweights Maybank lost two sen to RM9.52, Public Bank and Tenaga Nasional fell four sen each to RM4.21 and RM13.32, respectively, CIMB slipped 11 sen to RM6.64, and IHH Healthcare decreased six sen to RM6.60. Among the most active stocks, ACE debutant Oxford Innotech gained 9.5 sen to 38.5 sen, Zetrix AI climbed one sen to 84.5 sen, NexG was flat at 53 sen, while Focus Dynamics eased 0.5 sen to 0.5 sen and Ekovest shed 3.5 sen to 40.5 sen. Among top gainers and decliners, Allianz Malaysia added 40 sen to RM17.70, Petronas Dagangan advanced 26 sen to RM21.70, and Petronas Chemicals garnered 18 sen to RM3.79. Top losers were Panasonic Manufacturing, which slid 36 sen to RM10.52, while Kuala Lumpur Kepong trimmed 28 sen to RM19.52. Across the broader market, the FBM Emas Index dropped 32.07 points to 11,440.13, the FBMT 100 Index slipped 30.92 points to 11,201.53, and the FBM Emas Shariah Index lost 11.95 points to 11,478.09. The FBM 70 Index eased 2.20 points to 16,528.21 and the FBM ACE Index fell 9.98 points to 4,626.62. By sector, the industrial products and services index inched up 1.99 points to 159.38, the energy index edged up 2.93 points to 743.72, while the financial services index tumbled 99.03 points to 17,309.34, and the plantation index sank 68.20 points to 7,395.03. The Main Market volume declined to 1.48 billion units valued at RM1.87 billion from 1.67 billion units valued at RM2.03 billion yesterday. Warrants turnover climbed to 1.1 billion units worth RM183.9 million from 1.01 billion units worth RM161.01 million previously. The ACE Market volume surged to 772.91 million units worth RM121.4 million from 323.13 million units worth RM106.95 million yesterday. Consumer products and services counters accounted for 213.86 million shares traded on the Main Market; industrial products and services (240.5 million), construction (165.43 million), technology (252.46 million), SPAC (nil), financial services (69.21 million), property (156.13 million), plantation (12.33 million), REITs (28.54 million), closed-end fund (1,000), energy (95.71 million), healthcare (134.24 million), telecommunications and media (30.26 million), transportation and logistics (44.63 million), utilities (40.6 million), and business trusts (242,800).
Malay Mail
12 hours ago
- Business
- Malay Mail
Bursa ends lower ahead of 13MP as investors wait for US-China talks and US Fed meeting
KUALA LUMPUR, July 29 — Bursa Malaysia ended at its intraday low today, pressured by late selling as investors positioned themselves ahead of the 13th Malaysia Plan (13MP) announcement on Thursday. Apart from that, investors are awaiting fresh catalysts from the outcomes of the United States Federal Open Market Committee (FOMC) meeting scheduled on July 29-30, amid ongoing US-China trade talks in Stockholm. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 5.56 points, or 0.36 per cent, to close at 1,523.82 from Monday's close of 1,529.38. The benchmark opened 0.20 of-a-point firmer at 1,529.58 and subsequently hit its highest level of 1,537.62 in early trade before trending downward for the rest of the day. In the broader market, losers led gainers 603 to 365, while 506 counters were unchanged, 1,047 untraded and 44 suspended. Turnover improved to 3.36 billion units worth RM2.18 billion from 3.0 billion shares worth RM2.30 billion on Monday. UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research Mohd Sedek Jantan said investors appear to be positioning their portfolios/strategies ahead of potential domestic fiscal support, especially if external trade conditions deteriorate. 'The 13MP, to be unveiled in Parliament on Thursday under the MADANI framework, will reinforce the government's pro-growth trajectory, with a strong emphasis on infrastructure and industrial development,' he told Bernama. Mohd Sedek said the FBM KLCI closed lower today as sentiment turned increasingly cautious ahead of key global policy events. He said market focus now turns to the FOMC meeting as it is expected that the Federal Reserve (Fed) will leave rates unchanged, and the committee's forward guidance will be more closely scrutinised. 'In light of reduced tariff uncertainty from recent trade deals, Fed chairman Jerome Powell may choose to maintain flexibility for a September move. 'Markets appear to be pricing in this optionality, while remaining highly sensitive to the interplay between global policy risk and domestic macroeconomic resilience,' he said. He further noted that the positive signals from the US-China trade talks in Stockholm further buoyed market sentiment. 'The meeting between US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, focused on addressing global economic imbalances, was seen as a constructive step ahead of the Aug 1 tariff deadline, helping to reduce geopolitical risk premiums. 'As such, investor reaction remains more measured, perhaps reflecting increased confidence in diplomatic engagement or reduced expectations of immediate escalation,' he noted. Meanwhile, Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng anticipates the local index to remain cautious as underlying sentiment continues to be weighed down by external uncertainties and inconsistent fund flows. 'With lingering concerns over global trade developments, monetary policy shifts, and foreign fund outflows, the broader outlook remains fragile. As such, we maintain our weekly FBM KLCI target at 1,510-1,540,' said Thong. Heavyweights Maybank lost two sen to RM9.52, Public Bank and Tenaga Nasional fell four sen each to RM4.21 and RM13.32, respectively, CIMB slipped 11 sen to RM6.64, and IHH Healthcare decreased six sen to RM6.60. Among the most active stocks, ACE debutant Oxford Innotech gained 9.5 sen to 38.5 sen, Zetrix AI climbed one sen to 84.5 sen, NexG was flat at 53 sen, while Focus Dynamics eased half-a-sen to half-a-sen and Ekovest shed 3.5 sen to 40.5 sen. Among top gainers and decliners, Allianz Malaysia added 40 sen to RM17.70, Petronas Dagangan advanced 26 sen to RM21.70, and Petronas Chemicals garnered 18 sen to RM3.79. Top losers were Panasonic Manufacturing which slid 36 sen to RM10.52 while Kuala Lumpur Kepong trimmed 28 sen to RM19.52. Across the broader market, the FBM Emas Index dropped 32.07 points to 11,440.13, the FBMT 100 Index slipped 30.92 points to 11,201.53, and the FBM Emas Shariah Index lost 11.95 points to 11,478.09. The FBM 70 Index eased 2.20 points to 16,528.21 and the FBM ACE Index fell 9.98 points to 4,626.62. By sector, the Industrial Products and Services Index inched up 1.99 points to 159.38, the Energy Index edged up 2.93 points to 743.72, while the Financial Services Index tumbled 99.03 points to 17,309.34 and the Plantation Index sank 68.20 points to 7,395.03. The Main Market volume declined to 1.48 billion units valued at RM1.87 billion from 1.67 billion units valued at RM2.03 billion on Monday. Warrants turnover climbed to 1.10 billion units worth RM183.90 million from 1.01 billion units worth RM161.01 million previously. The ACE Market volume surged to 772.91 million units worth RM121.40 million from 323.13 million units worth RM106.95 million yesterday. Consumer products and services counters accounted for 213.86 million shares traded on the Main Market; industrial products and services (240.50 million), construction (165.43 million), technology (252.46 million), SPAC (nil), financial services (69.21 million), property (156.13 million), plantation (12.33 million), REITs (28.54 million), closed-end fund (1,000), energy (95.71 million), healthcare (134.24 million), telecommunications and media (30.26 million), transportation and logistics (44.63 million), utilities (40.60 million), and business trusts (242,800). — Bernama
Barnama
12 hours ago
- Business
- Barnama
Semiconductor Sector To Benefit From Supply Chain Focus In 13MP
BUSINESS By Anas Abu Hassan & Nur Athirah Mohd Shaharuddin KUALA LUMPUR, July 29 (Bernama) – Malaysia's semiconductor industry is poised to benefit from the upcoming 13th Malaysia Plan (13MP), as the government seeks to strengthen the country's role in the global supply chain. UniKL Business School economic analyst Associate Professor Dr Aimi Zulhazmi Abdul Rashid said the five-year plan comes at a pivotal time, amid shifting global trade patterns driven by geopolitical tensions and protectionist measures such as the United States' tariff policies. 'The semiconductor industry, which is the largest contributor within the manufacturing sector, is expected to spearhead Malaysia's climb up the global value chain. 'In light of current US tariff headwinds, it is critical to position Malaysian manufacturers as key global players,' he told Bernama in an exclusive interview. Aimi Zulhazmi said the 13MP should also outline clear strategies to advance Malaysia as a producer of high-end chips for artificial intelligence (AI) and advanced electronics. He added that the plan must align with the New Industrial Master Plan (NIMP) 2030, which targets a six per cent growth in manufacturing's contribution to gross domestic product (GDP), particularly through exports. Boosting National Competitiveness
Focus Malaysia
13 hours ago
- Business
- Focus Malaysia
Late selling drags Bursa Malaysia to end at intraday low ahead of 13MP, FOMC announcements
BURSA Malaysia ended at its intraday low today, pressured by late selling as investors positioned themselves ahead of the 13th Malaysia Plan (13MP) announcement on Thursday. Apart from that, investors are awaiting fresh catalysts from the outcomes of the United States Federal Open Market Committee (FOMC) meeting scheduled on July 29-30, amid ongoing US-China trade talks in Stockholm. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 5.56 points, or 0.36%, to close at 1,523.82 from Monday's close of 1,529.38. The benchmark opened 0.20 of-a-point firmer at 1,529.58 and subsequently hit its highest level of 1,537.62 in early trade before trending downward for the rest of the day. In the broader market, losers led gainers 603 to 365, while 506 counters were unchanged, 1,047 untraded and 44 suspended. Turnover improved to 3.36 billion units worth RM2.18 bil from 3.0 billion shares worth RM2.30 bil on Monday. ‒ July 29, 2025
Barnama
14 hours ago
- Business
- Barnama
Set Up New Ministry Or Central Body To Implement 13th Malaysia Plan Effectively
BUSINESS By Anas Abu Hassan & Nur Athirah Mohd Shaharuddin KUALA LUMPUR, July 29 (Bernama) -- An economist has called for the setting up of a new ministry or central agency to specifically monitor and coordinate the effective implementation of the 13th Malaysia Plan (13MP) and to develop measurable milestones to ensure the plan's long-term sustainability. Making the call, Malaysia Institute of Transport (MiTRANS) director and Universiti Teknologi MARA (UiTM) associate professor Dr Wan Mazlina Wan Mohamed said such a body would serve as a central coordinating agency to drive long-term, whole-of-government reforms effectively. She emphasised that annual progress reports should be published to promote transparency and track outcomes. "Plans should not be implemented without proper oversight," she said. To address these issues, Wan Mazlina said that the proposed ministry or central agency would be able to consistently monitor policy implementation progress over the next decade. 'This particularly includes developing measurable milestones and conducting periodic reviews to ensure the sustainability of the policy,' she told Bernama. She cautioned that without such a coordinating body, the implementation of development programmes under the 13MP would continue to suffer from fragmented execution, with different agencies and ministries working in silos and lacking coordination. The absence of measurable outcomes, she added, also makes it difficult to assess a policy's effectiveness.
