Latest news with #BURSAMALAYSIA
Malaysian Reserve
31-07-2025
- Business
- Malaysian Reserve
Bursa opens softer as investors eye 13MP, Fed signals pause
BURSA MALAYSIA opened slightly lower on Thursday as investors remained cautious ahead of the 13th Malaysia Plan (13MP) announcement later today, and after the United States Federal Reserve (Fed) signalled a prolonged pause in interest rate cuts. At 9.12 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 2.30 points, or 0.15 per cent, to 1,522.20 from Wednesday's close of 1,524.50. The benchmark index had opened 0.51 of a point firmer at 1,523.99. Market breadth was marginally positive, with 162 gainers outpacing 130 decliners. A total of 277 counters were unchanged, 1,926 untraded, and 53 suspended. Turnover stood at 198.38 million shares worth RM78.92 million. Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said investors were awaiting the 13MP announcement this afternoon, though its immediate market impact could be limited given its long-term fiscal reform focus. Prime Minister Datuk Seri Anwar Ibrahim is scheduled to table the 13MP in the Dewan Rakyat today. The five-year development blueprint will chart the nation's economic direction from 2026 to 2030. Thong added that sentiment was also weighed by Wall Street's mixed overnight performance, following the Fed's decision to keep rates unchanged as it continues to assess the impact of US tariffs. 'The FBM KLCI remained lacklustre, moving within a narrow range before ending marginally higher. With no clear catalysts, we expect the index to trend between the 1,520 and 1,530 range today,' he told Bernama. Among the heavyweights, Maybank rose three sen to RM9.48 and IHH Healthcare gained seven sen to RM6.70. Public Bank slipped six sen to RM4.23, Tenaga Nasional lost four sen to RM13.24, and CIMB eased two sen to RM6.53. On the actively traded list, Pharmaniaga slipped half a sen to 15.5 sen, Pestec International fell 1.5 sen to 13.5 sen, and TWL was flat at 2.5 sen. Zetrix AI added two sen to 86.5 sen, while Northeast Group advanced five sen to 69 sen. Top gainers included PPB, which climbed 11 sen to RM9.42, while Dutch Lady Milk Industries and ITMax System rose 10 sen each to RM27.30 and RM4.05, respectively. Among the top losers, Nestle declined 10 sen to RM87.30, Bursa Malaysia eased six sen to RM4.23, and MMM Group dropped 4.5 sen to 1.5 sen. On the broader market, the FBM Emas Index shed 7.20 points to 11,428.33, while the FBMT 100 Index slipped 8.23 points to 11,190.47. The FBM Emas Shariah Index rose 11.09 points to 11,485.11. The FBM 70 Index gained 25.87 points to 16,515.57, and the FBM ACE Index edged up 5.74 points to 4,599.62. By sector, the Financial Services Index fell 56.71 points to 17,241.02, the Industrial Products and Services Index eased 0.12 of a point to 160.77, and the Plantation Index was down 1.93 points at 7,405.58. The Energy Index climbed 4.11 points to 747.82. — BERNAMA
Malaysian Reserve
29-07-2025
- Business
- Malaysian Reserve
Bursa opens firmer on regional calm, selective buying
BURSA MALAYSIA opened slightly higher on Tuesday, supported by mild bargain hunting as the Thailand-Cambodia truce helped ease regional political concerns. At 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.29 points, or 0.08 per cent, to 1,530.67 from Monday's close of 1,529.38. The benchmark index had opened 0.20 of a point firmer at 1,529.58. Market breadth was slightly negative, with decliners leading gainers 171 to 137. A total of 288 counters were unchanged, 1,925 untraded, and 44 suspended. Turnover stood at 231.67 million shares worth RM112.10 million. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the FBM KLCI could attract further bargain hunting following the unconditional ceasefire agreement between Thailand and Cambodia. He said this was supported by the diplomatic efforts of Prime Minister Datuk Seri Anwar Ibrahim, who brokered the agreement between both countries. Anwar announced the ceasefire after chairing a special meeting on Monday at Putrajaya, attended by Cambodian Prime Minister Hun Manet and Thailand's acting Prime Minister Phumtham Wechayachai. Meanwhile, Thong said Bank Negara Malaysia's (BNM) downward revision of the 2025 gross domestic product (GDP) growth forecast would likely have minimal impact on the local market. He noted that the earlier cut in the overnight policy rate (OPR) could help cushion the impact of the GDP revision, as investor focus shifts to corporate earnings. 'There will likely be no significant reaction unless there is a major upgrade to the GDP outlook. 'As such, we expect the index to hover between the 1,530 and 1,545 range today,' he told Bernama. Among the heavyweights, Maybank rose one sen to RM9.55, Tenaga Nasional gained eight sen to RM13.44, while CIMB eased two sen to RM6.73. Public Bank and IHH Healthcare were flat at RM4.25 and RM6.66, respectively. On the actively traded list, ACE Market debutant Oxford Innotech climbed nine sen to 38 sen, NexG and TWL were unchanged at 53 sen and 2.5 sen, Ekovest shed 3.5 sen to 40.5 sen, and Pharmaniaga fell 2.5 sen to 19 sen. Top gainers included Kuala Lumpur Kepong, which advanced 24 sen to RM20.04; Hong Leong Industries, up 12 sen to RM13.12; and DKLS Industries, which rose five sen to RM1.85. Among the top losers, Nestle slipped 90 sen to RM87.10, and United Plantations declined 12 sen to RM21.78. On the broader market, the FBM Emas Index rose 5.18 points to 11,477.38, the FBMT 100 Index added 7.83 points to 11,240.28, and the FBM Emas Shariah Index gained 8.80 points to 11,498.84. The FBM 70 Index edged up 4.23 points to 16,534.64, while the FBM ACE Index inched up 3.39 points to 4,639.99. Sector-wise, the Financial Services Index added 0.15 of a point to 17,408.52, the Industrial Products and Services Index was up 0.07 of a point at 157.46, the Energy Index fell 2.05 points to 738.74, and the Plantation Index dropped 21.02 points to 7,442.21. — BERNAMA
Malaysian Reserve
28-07-2025
- Business
- Malaysian Reserve
Wall Street rally lifts Bursa at open
BURSA MALAYSIA rebounded from last week's losses to open higher on Monday, tracking overnight gains on Wall Street. At 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.03 points, or 0.26 per cent, to 1,537.79 from Friday's close of 1,533.76. The benchmark index had opened 4.29 points firmer at 1,538.05. Market breadth was positive, with gainers outpacing losers 224 to 133. A total of 293 counters were unchanged, 1,904 untraded, and 43 suspended. Turnover stood at 182.48 million shares worth RM110.09 million. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said Wall Street closed broadly higher, supported by strong United States (US) corporate earnings and positive trade signals, as President Donald Trump indicated more deals could be finalised before the Aug 1 deadline. Regionally, he noted that Hong Kong's Hang Seng Index slipped on profit-taking after a five-day rally. 'Back home, we believe the market is taking a breather and is poised to resume its climb. As such, we expect the index to hover within the 1,530–1,540 range today,' he told Bernama. Among the heavyweights, Maybank rose four sen to RM9.58, Public Bank added one sen to RM4.30, CIMB and IHH Healthcare gained two sen each to RM6.77 and RM6.68 respectively, while Tenaga Nasional slipped four sen to RM13.56. On the actively traded list, YTL Corporation advanced eight sen to RM2.56, Sapura Energy edged up half-a-sen to four sen, Ekovest improved one sen to 41 sen, while NexG and TWL Holdings were flat at 52.5 sen and 2.5 sen respectively. On the broader index board, the FBM Emas Index rose 30.82 points to 11,537.64, the FBMT 100 Index gained 29.54 points to 11,299.26, and the FBM Emas Shariah Index added 21.54 points to 11,550.49. The FBM 70 Index was 43.30 points higher at 16,650.87, while the FBM ACE Index inched up 4.64 points to 4,643.66. Sector-wise, the Financial Services Index climbed 44.89 points to 17,499.12, the Industrial Products and Services Index added 0.28 of a point to 157.42, and the Energy Index rose 0.13 of a point to 739.98. The Plantation Index, however, slipped 4.36 points to 7,430.43. — BERNAMA
Malaysian Reserve
23-07-2025
- Business
- Malaysian Reserve
Selective accumulation lifts Bursa Malaysia at opening
BURSA MALAYSIA opened marginally higher today, supported by value-seeking investors engaging in selective accumulation. At 9.06 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 0.63 of a point to 1,520.03 from yesterday's close of 1,519.40. At the opening bell, the benchmark index was 0.08 of a point higher at 1,519.48. Turnover stood at 126.93 million shares, valued at RM68.23 million. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the FBM KLCI closed lower yesterday in tandem with the weak regional performance. 'However, we expect value-seeking investors to continue supporting the market through selective accumulation. Hence, we anticipate the benchmark index to consolidate within the 1,510–1,520 range today,' he told Bernama. On the global front, Thong said Wall Street closed mixed, with the S&P 500 hitting another record high at 6,309.62 (+0.06 per cent) as investors digested a new batch of earnings, including a tariff warning from General Motors. The Dow rose 0.4 per cent, while the Nasdaq slipped 0.39 per cent ahead of key earnings reports from major tech giants. Among the heavyweight counters, Maybank added four sen to RM9.57, Tenaga Nasional was two sen better at RM13.80, CIMB improved one sen to RM6.56, Public Bank lost three sen to RM4.28, while CelcomDigi and Press Metal were flat at RM3.79 and RM5.21, respectively. Active counters were led by NexG, followed by Enproserve, with both accumulating 1.5 sen each to 52 sen and 28 sen, respectively. PRG advanced half-a-sen to 9.5 sen, Eco-Shop added one sen to RM1.32, while EA Holdings was down half-a-sen to half-a-sen. On the broader index board, the FBM Emas Index was 13.04 points higher at 11,432.77, the FBMT 100 Index rose 10.54 points to 11,192.48, and the FBM Emas Shariah Index was up 7.64 points to 11,454.99. The FBM 70 Index gained 41.42 points to 16,597.29, while the FBM ACE Index trimmed 7.19 points to 4,617.41. By sector, the Financial Services Index put on 36.2 points to 17,346.87, the Energy Index edged down 0.46 of a point to 739.71, and the Plantation Index improved 12.40 points to 7,408.55. The Industrial Products and Services Index rose 0.11 of a point to 154.15. — BERNAMA
Malaysian Reserve
15-07-2025
- Business
- Malaysian Reserve
Bursa opens slightly higher on upbeat Wall Street
BURSA MALAYSIA opened slightly higher on Tuesday, tracking gains from upbeat overnight Wall Street amid the United States (US) trade policy uncertainties. At 9.11 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) inched up 0.09 of a point to 1,537.60 from Monday's close of 1,537.51. The benchmark index had opened 1.45 points lower at 1,536.06. Market breadth was positive, with gainers outnumbering decliners 198 to 120, while 256 counters were unchanged, 1,855 untraded, and eight suspended. Turnover stood at 124.59 million shares worth RM70.13 million. Malacca Securities Sdn Bhd said the overnight session saw buying interest in both Wall Street and US Treasuries, despite the recent announcement of blanket tariffs. Although the brokerage said there has been little progress towards de-escalating the trade wars, and it anticipates that sentiment may remain positive amid a recovery in the US dollar index. 'Despite the ongoing trade war with uncertain US trade policies, we believe it may drive tighter inspection protocols and regulatory compliance, leading to greater demand for security screening machines,' it said in a note today. Among the heavyweights, Maybank rose one sen to RM9.73, Public Bank and CIMB fell two sen each to RM4.32 and RM6.67, respectively, Tenaga Nasional added four sen to RM13.94, while IHH Healthcare was flat at RM6.59. In active trade, NexG, Eldrige Energy and Hartanah Kenyalang were all half a sen lower at 47.5 sen, 64 sen and 16 sen, respectively. Both TWL and JAKS Resources remained unchanged at 2.5 sen and 10 sen, respectively. On the broader index board, the FBM Emas Index rose 11.13 points to 11,569.59, the FBMT 100 Index gained 9.74 points to 11,330.78, and the FBM Emas Shariah Index climbed 19.77 points to 11,580.37. The FBM 70 Index advanced 54.07 points to 16,841.27, while the FBM ACE Index inched up 9.47 points to 4,580.99. By sector, the Financial Services Index declined 29.84 points to 17,634.03, the Energy Index edged down 1.25 points to 746.13, while the Plantation Index improved 3.92 points to 7,438.02, and the Industrial Products and Services Index ticked up 0.61 of a point to 154.48. — BERNAMA
