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The Star
16-05-2025
- Business
- The Star
Bursa Malaysia ends morning session marginally lower
KUALA LUMPUR: Bursa Malaysia ended the morning trading session slightly lower today, weighed down by a lack of fresh catalysts and mirroring the trend of key regional indices. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 1.42 points, or 0.09 per cent, to 1,571.60 from Thursday's close of 1,573.02. The benchmark index opened 2.58 points higher at 1,575.60 and thereafter fluctuated between 1,570.20 and 1,580.06 throughout the session. The broader market was negative with 589 decliners outpacing 286 gainers, while 423 counters were unchanged, 1,098 untraded and eight suspended. Turnover stood at 1.85 billion shares worth RM1.03 billion. ActivTrades trader Anderson Alves said Asian equities underperformed today, as mixed economic data from the United States influenced market movements ahead of monthly options expiry. "Traders are also closely monitoring developments on the tariff front, which could impact Asian markets," he said. On the home front, Bank Negara Malaysia (BNM) announced that the Malaysian economy expanded by 4.4 per cent in the first quarter of 2025 (1Q 2025), driven by sustained household spending supported by favourable labour market conditions and government policies. The country's GDP stood at 4.2 per cent in 1Q 2024. Among heavyweights, Maybank rose two sen to RM10.12, Tenaga Nasional was flat at RM14.20, IHH Healthcare fell two sen to RM7.01, while both Public Bank and CIMB eased one sen to RM4.50 and RM7.15 respectively. For active stocks, West River added one sen to 36.5 sen, Sumisaujana, NexG and Pertama Digital all gained half a sen to 19.5 sen, 36.5 sen and 13 sen, respectively, while Ekovest lost 1.5 sen to 37.5 sen and Nationgate slipped four sen to RM1.68. On the index board, the FBM Emas Index dropped 37.47 points to 11,736.54, the FBMT 100 Index declined 32.29 points to 11,487.19, and the FBM Emas Shariah Index dipped 42.96 points to 11,675.66. The FBM 70 Index slid 134.45 points to 16,676.73 and the FBM ACE Index fell by 27.47 points to 4,747.67. Across sectors, the Financial Services Index declined 16.68 points to 18,453.81, the Industrial Products and Services Index edged down by 0.12 of-a-point to 159.67, the Energy Index shed 9.78 points to 727.56, and the Plantation Index slipped 12.29 points to 7,375.81. - Bernama
New Straits Times
16-05-2025
- Business
- New Straits Times
Bursa Malaysia ends morning session marginally lower
KUALA LUMPUR: Bursa Malaysia ended the morning trading session slightly lower today, weighed down by a lack of fresh catalysts and mirroring the trend of key regional indices. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 1.42 points, or 0.09 per cent, to 1,571.60 from Thursday's close of 1,573.02. The benchmark index opened 2.58 points higher at 1,575.60 and thereafter fluctuated between 1,570.20 and 1,580.06 throughout the session. The broader market was negative with 589 decliners outpacing 286 gainers, while 423 counters were unchanged, 1,098 untraded and eight suspended. Turnover stood at 1.85 billion shares worth RM1.03 billion. ActivTrades trader Anderson Alves said Asian equities underperformed today, as mixed economic data from the United States influenced market movements ahead of monthly options expiry. "Traders are also closely monitoring developments on the tariff front, which could impact Asian markets," he said. On the home front, Bank Negara Malaysia (BNM) announced that the Malaysian economy expanded by 4.4 per cent in the first quarter of 2025 (1Q 2025), driven by sustained household spending supported by favourable labour market conditions and government policies. The country's GDP stood at 4.2 per cent in 1Q 2024. Among heavyweights, Maybank rose two sen to RM10.12, Tenaga Nasional was flat at RM14.20, IHH Healthcare fell two sen to RM7.01, while both Public Bank and CIMB eased one sen to RM4.50 and RM7.15 respectively. For active stocks, West River added one sen to 36.5 sen, Sumisaujana, NexG and Pertama Digital all gained half a sen to 19.5 sen, 36.5 sen and 13 sen, respectively, while Ekovest lost 1.5 sen to 37.5 sen and Nationgate slipped four sen to RM1.68. On the index board, the FBM Emas Index dropped 37.47 points to 11,736.54, the FBMT 100 Index declined 32.29 points to 11,487.19, and the FBM Emas Shariah Index dipped 42.96 points to 11,675.66. The FBM 70 Index slid 134.45 points to 16,676.73 and the FBM ACE Index fell by 27.47 points to 4,747.67. Across sectors, the Financial Services Index declined 16.68 points to 18,453.81, the Industrial Products and Services Index edged down by 0.12 of-a-point to 159.67, the Energy Index shed 9.78 points to 727.56, and the Plantation Index slipped 12.29 points to 7,375.81.
New Straits Times
14-05-2025
- Business
- New Straits Times
FBM KLCI slightly lower at midday
KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) ended the morning session slightly lower today, weighed by cautious sentiment amid mixed signals from Wall Street's overnight performance. At 12.30 pm, the FBM KLCI fell 3.55 points to 1,578.84 from Tuesday's close of 1,582.39. The benchmark index, which opened 0.84 of a point higher at 1,583.23, moved between 1,573.44 and 1,583.67 throughout the session. However, the broader market was positive, with 489 gainers surpassing 401 decliners; 470 counters were unchanged, 1,035 untraded and seven suspended. Turnover stood at 2.43 billion shares worth RM1.42 billion. ActivTrades trader Anderson Alves said Asian equities were likely to be under pressure today as the broad risk-off environment is expected to spread across Asian markets today. Among heavyweights, Maybank rose four sen to RM10.24, Tenaga Nasional eased four sen to RM14.30, Public Bank added one sen to RM4.51, CIMB decreased eight sen to RM7.23 and IHH Healthcare gained one sen to RM7.06. In active trade, Nationgate strengthened 11 sen to RM1.74, Tanco added one sen to 94.5 sen, Notion bagged four sen to 73.5 sen, Velesto gained half sen to 16.5 sen and Genetec increased eight sen to RM1.12. On the index board, the FBM Emas Index slipped 6.78 points to 11,790.12, the FBMT 100 Index dropped 14.58 points to 11,546.07, and the FBM Emas Shariah Index went down 0.69 of-a-point to 11,713.17. The FBM 70 Index gained 24.08 points to 16,785.86 and the FBM ACE Index improved by 19.31 points to 4,744.39. Across sectors, the Financial Services Index eased 20.94 points to 18,554.98, the Industrial Products and Services Index was up 0.83 of-a-point to 159.40, the Energy Index bagged 13.15 points to 734.30 while the Plantation Index slid 19.11 points to 7,336.62.
New Straits Times
13-05-2025
- Business
- New Straits Times
Bursa Malaysia surges higher by midday
KUALA LUMPUR: Bursa Malaysia ended the morning session higher as global markets see a strong risk-on push following bullish US-China trade talks. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) surged by 2.04 per cent or 31.56 points to 1,578.06 from Friday's close of 1,546.50. The benchmark index opened 14.89 points higher at 1,561.39. Market breadth was positive, with 758 gainers outpacing 309 decliners, while 400 counters were unchanged, 916 untraded and eight suspended. Turnover stood at 2.62 billion shares worth RM2.23 billion. ActivTrades trader Anderson Alves said the US and China have agreed to a sweeping 115-percentage-point reduction in tariffs. "Positive flows rotating into risk assets, cyclicals and technology sectors could lead to gains in Asia following strong performances on Wall Street," he said in a note to Bernama. He said attention now turns to today's US Consumer Price Index (CPI) release. While inflation data typically holds significant influence over markets, it is worth noting that the recent recalibration in US Federal Reserve rate-cut expectations leaves little room for further hawkish repricing. "Even a hot CPI print may not push short-term rates much higher. It could stoke stagflation concerns, potentially weighing on rates in the near term while supporting the US dollar. "While that could hold the buying momentum, the sentiment remains positive around US-China talks," he added. Among the heavyweights, Maybank rose 31 sen to RM10.20, Public Bank added six sen to RM4.50, and Tenaga Nasional gained eight sen to RM14.38, while MYDIY fell three sen to RM1.67. In active trade, Inari increased 27 sen to RM2.21, MYEG and Harvest gained one sen each to 91.5 sen and 16 sen, while Tanco and Sapura were flat at 93 sen and 4.5 sen respectively. On the index board, the FBM Emas Index was 240.19 points higher at 11,760.23, the FBMT 100 Index advanced 241.85 points to 11,527.78, and the FBM Emas Shariah Index climbed 200.33 points to 11,676.09. The FBM 70 Index gained 395.57 points to 16,709.27, and the FBM ACE Index bagged 30.51 points to 4,713.46. Across sectors, the Financial Services Index soared 483.85 points to 18,539.14, the Energy Index gained 22.85 points to 716.29, and the Plantation Index increased 86.47 points to 7,332.90. The Industrial Products and Services Index edged up 3.57 points to 158.01.
Boston Globe
11-03-2025
- Business
- Boston Globe
World shares are mixed following Wall Street's panicked sell-off over Trump's tariffs
Asian benchmarks skidded as worries grew over how sharply higher tariffs will hurt exporters in the region. Japan's benchmark Nikkei 225 sank 0.6% to 36,793.11, its lowest close in six months but up from a more than 2% loss earlier in the day. China's Shanghai Composite index picked up 0.4% to 3,379.83 as the country's annual national congress wrapped up its annual session with some measures to help boost the slowing economy. Advertisement In Hong Kong, the Hang Seng was nearly unchanged at 23,782.14. Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up Australia's S&P/ASX 200 lost 0.9% to 7,890.10. South Korea's Kospi declined 1.2% to 2,537.60. 'Heightened anxiety surrounds both existing and incoming U.S. tariffs, along with retaliatory measures from trading partners, and China's newly effective tariffs will continue to weigh on equities,' said Anderson Alves, a trader at ActivTrades. Also Tuesday, Japan slightly lowered its October-December economic growth rate to an annual rate of 2.2%, revised from the 2.8% growth given last month, citing lower consumer spending and higher private inventories. The stock fall in Asia echoed a sell-off Monday on Wall Street, where investors are raising questions on how much pain the economy must endure through tariffs and other policies in order to get what Trump wants. The S&P 500 dropped 2.7%, closing 9% below its all-time high, which was set just last month. At one point, the S&P 500 was down 3.6% and on track for its worst day since 2022. That's when the highest inflation in generations was shredding budgets and raising worries about a possible recession that ultimately never came. The Dow dropped 2.1%, while the Nasdaq composite skidded 4%. It was the worst day yet in a scary stretch where the S&P 500 has swung more than 1%, up or down, seven times in eight days because of Trump's on -and- off -again tariffs. The worry is that the whipsaw moves will either hurt the economy directly or create enough uncertainty to drive U.S. companies and consumers into an economy-freezing paralysis. Advertisement The economy has already shown some signs of weakening, mostly through surveys showing increased pessimism. And a widely followed collection of real-time indicators compiled by the Federal Reserve Bank of Atlanta suggests the U.S. economy may already be shrinking. Asked over the weekend whether he was expecting a recession in 2025, Trump told Fox News Channel: 'I hate to predict things like that. There is a period of transition because what we're doing is very big. We're bringing wealth back to America. That's a big thing.' He then added, 'It takes a little time. It takes a little time.' Trump says he wants to bring manufacturing jobs back to the United States, among other reasons he's given for tariffs. His Treasury secretary, Scott Bessent, has also said the economy may go through a 'detox' period as it weans off an addiction to spending by the government. The White House is trying to limit federal spending, while also cutting the federal workforce and increasing deportations, which could hinder the job market. The U.S. job market is still showing stable hiring at the moment, to be sure, and the economy ended last year running at a solid rate. But economists are marking down their forecasts for how the economy will perform this year. The worries hitting Wall Street have so far been hurting some of its biggest stars the most. Big Tech stocks and companies that rode the artificial-intelligence frenzy in recent years have slumped sharply. Advertisement Nvidia fell another 5.1% Monday to bring its loss for the year so far to more than 20%. It's a steep drop-off from its nearly 820% surge over 2023 and 2024. Elon Musk's Tesla fell 15.4% to deepen its loss for 2025 to 45%. After getting an initial post-election bump on hopes that Musk's close relationship with Trump would help the electric-vehicle company, the stock has slumped on worries that its brand has become intertwined with Musk. Protests against the U.S. government's efforts to cull its workforce and other moves have targeted Tesla dealerships, for example. In energy trading, benchmark U.S. crude oil rose 24 cents to $66.27 a barrel. Brent crude, the international standard, rose 32 cents to $69.60 a barrel. In currency trading, the U.S. dollar rose to 147.29 Japanese yen from 147.14 yen. The euro cost $1.0916, up from $1.0834.
