Latest news with #ApexSecuritiesBhd
New Straits Times
5 days ago
- Business
- New Straits Times
Bursa maintains gains at midday despite softer regional sentiment
KUALA LUMPUR: Bursa Malaysia ended the morning trading session in positive territory, with bargain hunting expected to emerge following the positive domestic economic data announcement, despite a softer regional market sentiment. At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.22 points, or 0.27 per cent, to 1,553.33 from Thursday's close of 1,549.11. The benchmark index had opened 0.11 of a point lower at 1,549.00 and moved between 1,546.41 and 1,554.27 throughout the session. However, market breadth was negative with 503 decliners outpacing 293 gainers, while another 438 counters were unchanged, 1,279 untraded and nine suspended. Turnover stood at 1.46 billion units worth RM959.61 million. Apex Securities Bhd said market sentiment remains jittery as Wall Street's volatile overnight session reflected lingering concerns over a potential economic slowdown and persistent tariff tensions. However, the brokerage advises investors to remain defensive and stay on the sidelines in light of ongoing global headwinds, while awaiting clearer market direction. "We expect gold-related stocks to gain from rising demand for safe-haven assets, with gold prices continuing to climb, while the energy sector may see some bargain hunting, driven by a recovery in crude oil prices," it said in a note today. Earlier today, the Department of Statistics Malaysia (DOSM) reported that Malaysia's wholesale and retail trade grew steadily by 4.8 per cent in June 2025, with total sales reaching RM153.0 billion. The increase was mainly driven by strong performances in the retail and wholesale trade sub-sectors. Among the heavyweights, Maybank and IHH Healthcare gained one sen to RM9.64 and RM6.96, respectively, Public Bank added four sen to RM4.33, Tenaga Nasional advanced two sen to RM13.78, and CIMB rose seven sen to RM6.85. In active trade, Ekovest dropped 1.5 sen to 39 sen, Tanco eased half-a-sen to 76.5 sen, TWL and Malayan United Industries were flat at 2.5 sen and six sen, respectively, while NexG inched up half-a-sen to 53.5 sen. Across the broader market, the FBM Emas Index strengthened 8.27 points to 11,574.81 and the FBMT 100 Index climbed 12.06 points to 11,352.72, while the FBM Emas Shariah Index edged down 8.24 points to 11,597.92. The FBM ACE Index decreased 32.03 points to 4,598.85, while the FBM 70 Index declined 65.18 points to 16,463.79. By sector, the Financial Services Index jumped 88.25 points to 17,582.71, the Plantation Index increased 57.58 points to 7,406.32, and the Energy Index ticked up 0.93 of a point to 735.61, while the Industrial Products and Services Index eased 0.40 of a point to 157.62.
New Straits Times
6 days ago
- Business
- New Straits Times
Bursa Malaysia edges up in morning session amid regional gains
KUALA LUMPUR: Bursa Malaysia ended the morning session slightly higher on Thursday, reflecting resilience amid upbeat regional performance, despite pressure from escalating global trade tensions. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.62 points, or 0.24 per cent, to 1,545.10 from Wednesday's close of 1,541.48. The benchmark index had earlier opened 0.98 of a point lower at 1,540.50 and moved between 1,537.74 and 1,545.88 throughout the morning session. However, market breadth was negative, with 471 decliners outpacing 321 gainers. Another 462 counters were unchanged, 1,251 untraded and nine suspended. Turnover stood at 1.28 billion securities worth RM1.07 billion. Apex Securities Bhd said the FBM KLCI demonstrated underlying resilience as the index continued to consolidate within the 1,540–1,550 range, in line with prevailing cautious sentiment. "We believe the technology sector may come under pressure following reports that the United States (US) intends to impose a 100 per cent tariff on semiconductor imports. In contrast, bargain hunting may emerge in the Energy sector, supported by a rebound in crude oil prices. "Investors will also turn their focus to upcoming key events, including US weekly jobless claims, the Bank of England's interest rate decision, and Malaysia's industrial production data due later today," the brokerage said in a note today. Among the heavyweights, Maybank gained one sen to RM9.64, Tenaga Nasional advanced 44 sen to RM13.62, while Public Bank fell three sen to RM4.27, and CIMB lost five sen to RM6.76. IHH Healthcare was flat at RM6.95. In active trade, Pharmaniaga and Dagang Nexchange dipped half a sen each to 18 sen and 26 sen respectively, Zetrix AI shed one sen to 86 sen, while Inari Amertron improved three sen to RM1.89, and Tanco remained unchanged at 78 sen. Across the broader market, the FBM Emas Index strengthened 14.33 points to 11,547.23, the FBMT 100 Index climbed 16.97 points to 11,320.83, and the FBM Emas Shariah Index increased 52.77 points to 11,589.36. The FBM ACE Index bagged 4.68 points to 4,605.57, while the FBM 70 Index declined 17.19 points to 16,541.87. By sector, the Financial Services Index declined 84.25 points to 17,458.39, the Industrial Products and Services Index eased 0.08 of a point to 157.68, the Energy Index slid 4.18 points to 733.44, and the Plantation Index fell 4.73 points to 7,342.98.
The Star
6 days ago
- Business
- The Star
Bursa Malaysia edges up in morning session amid regional gains
KUALA LUMPUR: Bursa Malaysia ended the morning session slightly higher on Thursday, reflecting resilience amid upbeat regional performance, despite pressure from escalating global trade tensions. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.62 points, or 0.24 per cent, to 1,545.10 from Wednesday's close of 1,541.48. The benchmark index had earlier opened 0.98 of a point lower at 1,540.50 and moved between 1,537.74 and 1,545.88 throughout the morning session. However, market breadth was negative, with 471 decliners outpacing 321 gainers. Another 462 counters were unchanged, 1,251 untraded and nine suspended. Turnover stood at 1.28 billion securities worth RM1.07 billion. Apex Securities Bhd said the FBM KLCI demonstrated underlying resilience as the index continued to consolidate within the 1,540-1,550 range, in line with prevailing cautious sentiment. "We believe the technology sector may come under pressure following reports that the United States (US) intends to impose a 100 per cent tariff on semiconductor imports. In contrast, bargain hunting may emerge in the Energy sector, supported by a rebound in crude oil prices. "Investors will also turn their focus to upcoming key events, including US weekly jobless claims, the Bank of England's interest rate decision, and Malaysia's industrial production data due later today,' the brokerage said in a note today. Among the heavyweights, Maybank gained one sen to RM9.64, Tenaga Nasional advanced 44 sen to RM13.62, while Public Bank fell three sen to RM4.27, and CIMB lost five sen to RM6.76. IHH Healthcare was flat at RM6.95. In active trade, Pharmaniaga and Dagang Nexchange dipped half a sen each to 18 sen and 26 sen respectively, Zetrix AI shed one sen to 86 sen, while Inari Amertron improved three sen to RM1.89, and Tanco remained unchanged at 78 sen. Across the broader market, the FBM Emas Index strengthened 14.33 points to 11,547.23, the FBMT 100 Index climbed 16.97 points to 11,320.83, and the FBM Emas Shariah Index increased 52.77 points to 11,589.36. The FBM ACE Index bagged 4.68 points to 4,605.57, while the FBM 70 Index declined 17.19 points to 16,541.87. By sector, the Financial Services Index declined 84.25 points to 17,458.39, the Industrial Products and Services Index eased 0.08 of a point to 157.68, the Energy Index slid 4.18 points to 733.44, and the Plantation Index fell 4.73 points to 7,342.98. - Bernama
New Straits Times
7 days ago
- Business
- New Straits Times
Bursa Malaysia remains in consolidation mode at midday
KUALA LUMPUR: Bursa Malaysia stayed in consolidation mode at midday, weighed down by continued selling as investors shifted their focus to the potential extension of the United States (US) tariff pause on Chinese imports. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.70 points, or 0.11 per cent, to 1,536.94 from Tuesday's close of 1,538.64. The benchmark index opened 0.72 of a point lower at 1,537.92 and moved between 1,533.06 and 1,538.45 throughout the morning session. The market breadth was negative, with 551 decliners outpacing 272 gainers. Another 436 counters were unchanged, 1,243 untraded and seven suspended. Turnover stood at 1.53 billion securities worth RM999.51 million. Apex Securities Bhd said the FBM KLCI index remains in a consolidation phase, with market direction likely hinging on whether the US extends its tariff pause on Chinese imports beyond the Aug 12 deadline. "A continuation of the pause could support global risk sentiment and benefit Malaysia's export-driven sectors, particularly within the electrical and electronics technology supply chains. "However, failure to extend the suspension may reignite concerns over global trade tensions, dampen investor confidence, and prompt a pullback in cyclical and externally exposed counters," the brokerage said in a note today. Among the heavyweights, Maybank fell two sen to RM9.64, Tenaga Nasional was eight sen lower at RM13.20, while Public Bank rose two sen to RM4.26, and IHH Healthcare gained eight sen to RM6.93, and CIMB was flat at RM6.75. In active trade, NexG was unchanged at 53.5 sen, Top Glove lost 1.5 sen to 62 sen, Inari Amertron dropped 10 sen to RM1.87, Tanco eased three sen to 78.5 sen, and Hartalega slipped eight sen to RM1.24. Across the broader market, the FBM Emas Index weakened 26.70 points to 11,515.27, the FBMT 100 Index narrowed 23.05 points to 11,283.61, and the FBM Emas Shariah Index fell 34.22 points to 11,534.78. The FBM 70 Index declined 80.13 points to 16,586.62, while the FBM ACE Index shed 29.56 points to 4,601.90. By sector, the Financial Services Index edged up 9.01 points to 17,457.47, while the Industrial Products and Services Index erased 1.26 points to 158.14, the Energy Index slid 1.38 points to 739.02, and the Plantation Index dropped 6.77 points to 7,356.58.
New Straits Times
05-08-2025
- Business
- New Straits Times
Stronger buying interest lifts Bursa higher at midday
KUALA LUMPUR: Bursa Malaysia ended the morning session higher, lifted by stronger buying interest following the 13th Malaysia Plan (13MP) announcement, with market sentiment leaning towards the upcoming United States (US) economic data release. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 6.12 points, or 0.40 per cent, to 1,533.10 from Monday's close of 1,526.98. The benchmark index had opened 1.65 points higher at 1,528.63 and moved between 1,528.63 and 1,536.95 throughout the morning session. The market breadth was positive, with 414 gainers outpacing 400 losers. Another 503 counters were unchanged, 1,173 untraded and seven suspended. Turnover stood at 1.56 billion securities worth RM1.08 billion. Apex Securities Bhd expects stronger buying interest from local institutional funds following the 13MP announcement, as it could help cushion overall market weakness stemming from persistent foreign fund outflows. "Additionally, market attention will now turn to the upcoming release of a slew of corporate earnings and the US ISM Services purchasing managers index (PMI) later today, which may offer further direction," the brokerage said in a note today. Among the heavyweights, Maybank gained four sen to RM9.58, Public Bank rose one sen to RM4.25, Tenaga Nasional was six sen higher at RM13.22, and IHH Healthcare climbed nine sen to RM6.79, while CIMB was flat at RM6.75. In active trade, Pharmaniaga improved one sen to 19 sen, TWL, Tanco and Sapura Energy all remained unchanged at 2.5 sen, 82 sen and four sen, respectively, while Top Glove lost 1.5 sen to 64 sen. Across the broader market, the FBM Emas Index strengthened 41.62 points to 11,514.44, the FBMT 100 Index bagged 39.71 points to 11,273.31, and the FBM Emas Shariah Index rose 46.44 points to 11,539.65. The FBM Mid 70 Index increased 35.58 points to 16,649.84, while the FBM ACE Index went up 11.02 points to 4,640.39. By sector, the Financial Services Index perked up 48.95 points to 17,413.51, the Industrial Products and Services Index inched up 0.66 of a point to 158.68, and the Energy Index ticked up 1.74 points to 741.53, while the Plantation Index eased 1.74 points to 7,368.71.
