Latest news with #Bursa
The Star
a day ago
- Business
- The Star
FBM KLCI closes at intra-day high for second session as investors regain risk appetite
KUALA LUMPUR: Bursa Malaysia finished at its intra-day high for the second straight session on Thursday, driven by global optimism and the latest round of government fiscal aid that led investors to be back in the local market. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 10.53 points, or 0.69 per cent, to close at an intra-day high of 1,540.32, compared to Wednesday's close of 1,529.79. The index opened 1.26 points higher at 1,531.05 and moved between 1,529.71 and 1,540.32 throughout the trading session. Gainers led losers in the broader market 502 to 474, while 496 counters were unchanged and 1,044 untraded, with seven suspended. Turnover, however, slipped to 2.97 billion shares worth RM2.3 billion from 3.27 billion shares worth RM2.26 billion on Wednesday. SPI Asset Management managing partner Stephen Innes said the FBM KLCI traded firmer buoyed by hopes that the worst of the tariff storm may be behind as the United States (US)-Japan deal, inked at 15 per cent, has the market betting that other trading partners, including Malaysia could secure similar outcomes, potentially keeping tariffs below the 20 per cent mark. On the index board, the FBM Emas Index climbed 56.63 points to 11,551.17, the FBMT 100 Index rose 60.40 points to 11,314.56, and the FBM Emas Shariah Index advanced 64.48 points to 11,580.96. The FBM 70 Index added 14.78 points to 16,658.87, while the FBM ACE Index lost 22.54 points to 4,642.51. Sector-wise, the Industrial Products and Services Index rose 2.73 points to 158.16, the Plantation Index gained 58.52 points to 7,469.96, the Financial Services Index jumped 75.33 points to 17,505.58, but the Energy Index fell 4.50 points to 738.68. The Main Market volume narrowed to 1.37 billion units valued at RM1.96 billion from 1.44 billion units valued at RM1.89 billion. Warrant turnover trimmed to 1.24 billion units worth RM207.50 million from 1.52 billion units worth RM257.66 million previously. The ACE Market volume improved to 362.14 million units worth RM131.90 million from 315.55 million units valued at RM97.33 million previously. Consumer products and services counters accounted for 220.6 million shares traded on the Main Market; industrial products and services (278.27 million), construction (97.53 million), technology (261.82 million), SPAC (nil), financial services (61.28 million), property (177.63 million), plantation (14.89 million), REITs (22.3 million), closed-end fund (nil), energy (64.42 million), healthcare (57.49 million), telecommunications and media (40.4 million), transportation and logistics (28.64 million), utilities (42.42 million), and business trusts (62,600). - Bernama
New Straits Times
3 days ago
- Business
- New Straits Times
Investor caution pressures Bursa, but mega IPO could lift sentiment
KUALA LUMPUR: The prolonged caution among investors driven by ongoing trade and monetary policy uncertainties is expected to weigh on Bursa Malaysia's performance, dampening overall trading activity. RHB Research said the continued uncertainty will keep securities market prospects dampened and prolong risk-off investor behaviour. The firm believes that the derivatives market could also soften ahead in tandem with an expected half-on-half (HoH) softening in crude palm oil (CPO) prices. "Encouragingly, we gather that an initial public offering (IPO) deal carrying about RM30 billion market capitalisation—potentially the biggest ever IPO in Malaysia—is currently in the works and could be completed as soon as late third quarter (Q3) 2025. "On top of slightly lifting Bursa's non-trading revenue, this could also provide a boost to securities average daily value (SADV) should there be sufficient and sustained investor interest," it said. Meanwhile, RHB Research said Bursa Malaysia is scheduled to release its Q2 2025/first half of 2025 (1H25) financial results on July 29. As sequentially soft securities and derivatives indicators point towards a soft Q2 2025 overall, the firm said Bursa's 1H25 results could either underperform or just meet consensus' estimates. "We estimate Bursa could post a Q2 2025 net profit in the range of RM55 to RM65 million, bringing the 1H25 sum to RM123 million to RM133 million, a decline of 14-21 percent year-on-year (YoY) and 45-49 per cent YoY of consensus' financial year 2025 (FY25) profit after tax, zakat, and minority interest (PATAMI)," it said. RHB Research's unofficial forecast is premised on a sequential 10 per cent drop in total revenue due to weaker SADV and derivatives average daily volume (DADC) indicators and a higher cost-to-income ratio (CIR) of 52 per cent given the softer income generation. Overall, the firm expects Bursa to declare an interim dividend per share (DPS) in the range of 14-15 sen on a 90 per cent dividend payout ratio (DPR) assumption—a decline from the 18 sen/94 per cent DPS/DPR declared in 1H24. The firm has maintained a Neutral rating on Bursa Malaysia, raising its target price to RM8.05 from RM7.70 previously.
New Straits Times
4 days ago
- Business
- New Straits Times
FBM KLCI futures end morning session lower
KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives traded easier at midday today, tracking losses in the underlying cash market. At lunch break, the spot month July 2025 contract reduced 7.5 points to 1,520.0, August 2025 fell 7.0 points to 1,517.5, September 2025 erased 5.5 points to 1,498.5, and December 2025 lost 8.0 points to 1,500.0. Turnover stood at 2,005 lots, with open interest at 36,663 contracts. At 12.30 pm, the FBM KLCI dropped 5.27 points, or 0.34 per cent, falling to 1,520.59 from last Friday's close of 1,525.86.
Barnama
7 days ago
- Business
- Barnama
FBM KLCI Futures To Trade Range-bound Next Week
By Durratul Ain Ahmad Fuad KUALA LUMPUR, July 19 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is expected to trade range-bound next week, tracking the underlying cash market. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the 1,530 level is a very critical point. Although the FBM KLCI managed to break through it last Monday, it failed to sustain the level and retreated shortly after, which explains why it still cannot rebound higher, he added. 'From a technical point of view, we reckon the FBM KLCI needs to break the 1,530 level with strong volume and is able to hold this position for a longer period in order to stage a sustainable long-term uptrend. 'We expect the FBM KLCI to remain rangebound and trend within 1,510-1,540 for next week,' he told Bernama. On a weekly basis, the spot month July 2025 contract eased 4.5 points to 1,527.5, August 2025 slid 5.5 points to 1,524.5, September 2025 fell 7.0 points to 1,504.0, and December 2025 slipped 2.5 points to 1,508.0. Turnover for the week dropped to 25,123 lots from 28,804 lots in the previous week, while open interest declined to 38,963 contracts from 40,748 contracts previously. The FBM KLCI ended the week lower, losing 10.21 points to 1,525.86 from 1,536.07 in the previous week.
Malaysian Reserve
17-07-2025
- Automotive
- Malaysian Reserve
Tan Chong says unaware of factors behind sharp share price spike
TAN Chong Motor Holdings Bhd said it is not aware of any corporate development or negotiation that could explain the unusual surge in its share price and trading volume on Wednesday. In a filing to Bursa Malaysia, the automotive group said it had made due enquiries with its directors, major shareholders, and relevant personnel, and confirmed that it is in compliance with disclosure obligations under the listing rules. This follows a unusual market activity (UMA) query from Bursa after Tan Chong's shares jumped as much as 44% to 83.5 sen, its highest level in nearly a year, before closing at 79 sen with 29.6 million shares traded. The stock eased 4.43% to close at 75.5 sen today, giving the group a market value of RM507.36 million, but remained among the top 20 most active counters. — TMR
