Latest news with #BURSAMalaysia
Focus Malaysia
6 hours ago
- Business
- 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
Malaysian Reserve
7 hours ago
- Business
- Malaysian Reserve
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 FTSE Bursa Malaysia KLCI (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 billion units worth RM2.09 billion compared with yesterday's 2.61 billion units worth RM1.84 billion. UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said the FBM KLCI closed lower today, however, despite the late-session pullback, sectoral leadership remained consistent, with consumer, telecommunications, and plantation counters continuing to provide relative strength. 'The weakness in the broader index was largely attributed to cautious investor positioning ahead of further developments in the ongoing US-China trade negotiations, now entering their second day. 'While initial commentary from both sides has been constructive, market participants are taking a wait-and-see approach, with risk appetite tempered by uncertainty over the outcome and timeline of any potential tariff relief,' he told Bernama. Commenting on market activity, Mohd Sedek noted that local institutional flows remained supportive, but were insufficient to offset profit-taking toward the close. 'Foreign investors continued to reduce exposure, marking the 15th consecutive day of net outflows, although with signs of moderation in selling intensity,' he added. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng, meantime, said that the brokerage firm maintained its weekly FBM KLCI target at the 1,500 to 1,530 range while the market awaits fresh drivers. 'We advise investors to explore opportunities in domestically driven sectors like utilities, real estate, and financials, which are often more resilient to trade shocks,' he added. Among the heavyweights, Maybank shed two sen to RM9.66, Tenaga Nasional and CIMB lost four sen each to RM14.24 and RM6.85, respectively, while Public Bank was unchanged at RM4.26. The top losers in the broader market were led by Nestle, which slid 74 sen to RM75.0, followed by Ayer Holdings which trimmed 40 sen to RM7.20, Allianz erased 28 sen to RM19.12, and Dutch Lady dipped 20 sen to RM29.50. Among the most active stocks, MYEG was half-a-sen better at 95.0 sen, NexG eased one sen to 36 sen, Tanco lost 2.5 sen to 96.5 sen, while Harvest Miracle and Main Market debutant Paradigm REIT were flat at 18 sen and RM1.0, respectively. Meanwhile, 99 Speed Mart Retail Holdings Bhd, in an amended filing with Bursa Malaysia, clarified that the Employees Provident Fund (EPF) had acquired six million shares in the minimart chain operator on June 4 and not 421.79 million shares or a 5.02 per cent stake as previously disclosed on Monday. The retirement fund emerged as a substantial shareholder in 99 Speed Mart after acquiring an additional 0.07 per cent stake in the company, which raised the former's stake in 99 Speed Mart to 5.02 per cent, beyond the 5.0 per cent threshold required to be deemed a substantial shareholder. At closing today, 99 Speed Mart share price rose 4.29 per cent or 9.0 sen to RM2.19 with 11.67 million shares traded. On the index board, the FBM Emas Index gained 0.93 of-a-point to 11,394.12, the FBMT 100 Index edged up 1.08 points to 11,159.55, the FBM Emas Shariah Index advanced 5.18 points to 11,369.22, the FBM 70 Index surged 77.35 points to 16,486.66, while the FBM ACE Index eased 1.35 points to 4,510.78. Sector-wise, the Energy Index climbed 2.45 points to 723.31 while the Financial Services Index slid 37.89 points to 17,694.30, the Industrial Products and Services Index was 0.43 of-a-point easier at 151.91, and the Plantation Index shed 38.80 points to 7,210.03. The Main Market volume advanced to 1.26 billion units valued at RM1.88 billion from 1.23 billion units valued at RM1.61 billion registered at Monday's close. Warrants turnover expanded to 1.15 billion units worth RM108.32 million from 1.09 billion units worth RM134.4 million previously. The ACE Market volume increased to 311.24 million shares valued at RM95.09 million from 280.34 million shares valued at RM94.6 million recorded on Monday. Consumer products and services counters accounted for 228.2 million shares traded on the Main Market, industrial products and services (156.08 million), construction (109.33 million), technology (230.77 million), SPAC (nil), financial services (62.25 million), property (135.0 million), plantation (16.36 million), REITs (65.17 million), closed-end funds (12,200), energy (80.06 million), healthcare (85.12 million), telecommunications and media (41.29 million), transportation and logistics (22.91 million), utilities (28.24 million), and business trusts (64,400). — BERNAMA
Focus Malaysia
a day ago
- Business
- Focus Malaysia
Bursa Malaysia ends in positive territory, await US-China trade talks
BURSA Malaysia wrapped up the trading day in positive territory, buoyed by investor accumulation of selective heavyweights, while market participants looked ahead to the outcome of high-level US-China discussions. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) perked up 2.62 points, or 0.17%, to 1,519.41 from last Friday's close of 1,516.79. The benchmark index opened at 1,518.06, up 1.27 points, and subsequently fluctuated in a narrow range between 1,518.03 and 1,521.64 throughout the day. Across the broader market, gainers outnumbered losers 535 to 400, while 484 counters were unchanged, 941 untraded and 20 suspended. Turnover expanded to 2.61 billion units worth RM1.84 bil compared with last Friday's 1.92 billion units worth RM1.66 bil. – June 9, 2025
Malaysian Reserve
2 days ago
- Business
- Malaysian Reserve
Bursa Malaysia higher at opening backed by bargain hunting
BURSA Malaysia opened higher on Monday, supported by bargain hunting as the market was mostly lower last week, driven by cautious United States (US)-China trade sentiment and a lack of positive economic figures from both countries. At 9.05 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) earned 2.58 points to 1,519.37 from Friday's close of 1,516.79. The benchmark index opened at 1,518.06, higher by 1.27 points. Market breadth was positive, with gainers outpacing losers 175 to 76. A total of 236 counters were unchanged, 1,873 untraded and 20 suspended. Turnover stood at 93.49 million units, valued at RM63.13 million. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said trading activities remained muted last week as seen from the weak daily volume, which dwindled to below the two billion shares mark. 'This could be attributed to the widespread downgrades of the benchmark index target for 2025 by the research fraternity recently,' he said in a research note today. Thong also said that the broker firm expects the index to hover within the 1,510-1,520 level today. Hong Leong Investment Bank Bhd said last week's local market performance was in tandem with the mixed regional markets and persistent foreign net outflows, which saw KLCI losing 1.3 points to 1,516.8, after rising 14.8 points in two days. Among the heavyweights, Maybank added one sen to RM9.71, Tenaga Nasional rose four sen to RM14.24, Public Bank and CIMB were both flat at RM4.26 and RM6.84, respectively, while QL Resources was seven sen better at RM4.44, and Sunway earned four sen to RM4.84. Among the most active stocks, Hartanah Kenyalang improved half-a-sen to 16.5 sen, MPire accumulated two sen to 11 sen, ATA IMS was one sen higher at 31.5 sen, and Yinson jumped eight sen to RM2.42. On the index board, the FBM Emas Index added 31.70 points to 11,387.04, the FBMT 100 Index appreciated 30.60 points to 11,154.30, the FBM Emas Shariah Index climbed 37.28 points to 11,366.50, while the FBM 70 Index soared 91.37 points to 16,387.95. However, the FBM ACE Index erased 6.06 points to 4,513.26. Sector-wise, the Financial Services Index ticked up 20.74 points to 17,729.05, the Energy Index increased 6.85 points to 725.30, but the Industrial Products and Services Index was down 0.50 of a point to 151.30, and the Plantation Index shed 0.53 of a point to 7,252.32. — BERNAMA
Focus Malaysia
4 days ago
- Business
- Focus Malaysia
Bursa Malaysia rises for 2nd straight day on continued bargain hunting
BURSA Malaysia closed higher for the second consecutive day as bargain hunting persisted after last week's sell-off, in line with the upbeat performance of regional markets, said an analyst. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 0.67%, or 10.15 points, to 1,518.12 from Wednesday's close of 1,507.97. The benchmark index opened 2.73 points higher at 1,510.70, and moved between 1,509.25 and 1,520.34 throughout the trading session. The broader market remained positive with gainers outpacing decliners 641 to 341, while 437 counters were unchanged, 937 untraded, and 20 suspended. Turnover improved to 2.42 billion units valued at RM2.27 bil compared with Wednesday's 2.40 billion units worth RM2.03 bil. ‒ June 5, 2025
