Latest news with #BursaMalaysia
The Star
3 hours ago
- Business
- The Star
Higher 2Q net profit for UOA-REIT
PETALING JAYA: UOA Real Estate Investment Trust (UOA-REIT) expects the demand for office space to continue to improve gradually. In a filing with Bursa Malaysia, the REIT said its completed asset enhancement initiatives would help to generate interest in older buildings in its portfolio, while the initiatives continue into financial year 2025. For its second quarter ended June 30, 2025, UOA-REIT's net profit rose to RM10.89mil from RM8.1mil in the previous corresponding period, while revenue improved to RM30.09mil from RM27.75mil a year earlier. UOA-REIT said gross rental income during the quarter had increased by 9%, driven by improved occupancies. 'The increase in total expenditure was mainly due to increase in property operating expenses. The higher property operating expenses were primarily due to the increase in maintenance costs.'
Free Malaysia Today
8 hours ago
- Business
- Free Malaysia Today
Bursa edges up as value seekers drive selective accumulation
KUALA LUMPUR : 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 added. 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%) as investors digested a new batch of earnings, including a tariff warning from General Motors. The Dow rose 0.4%, while the Nasdaq slipped 0.39% 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.
![MARKET PULSE PM JULY 23, 2025 [WATCH]](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fassets%2FNST-Logo%402x.png%3Fid%3Db37a17055cb1ffea01f5&w=48&q=75){kind=small}
New Straits Times
12 hours ago
- Business
- New Straits Times
MARKET PULSE PM JULY 23, 2025 [WATCH]
KUALA LUMPUR: News on stock, crypto and ringgit moves. Bursa Malaysia rebounded after a two-day decline, boosted by the IMF's remarks on Malaysia's resilient financial fundamentals and strong position to weather global headwinds. Buying interest strengthened in the technology sector, which rose 1.5 per cent, driven by gains in NexG and Zetrix AI. Meanwhile, the ringgit edged slightly higher to 4.2260 against the US dollar. In the crypto market, Bitcoin tumbled to RM498,999. Other cryptocurrencies also trended downward, with Ethereum trading at RM15,503 and Solana at RM839. That wraps up today's Market Pulse.
The Star
13 hours ago
- Business
- The Star
Bursa stages rebound to close at intra-day high on late bargain-hunting
KUALA LUMPUR: Late bargain hunting of consumer-related stocks pushed Bursa Malaysia to close at its intraday high on Wednesday, allowing the market to recover losses in the previous two sessions. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) bounced 10.39 points, or 0.68 per cent, to close at an intra-day high of 1,529.79 from yesterday's close of 1,519.40. The benchmark index opened 0.08 of a point higher at 1,519.56 and moved between 1,519.48 and 1,529.79 throughout the trading session. Gainers led losers in the broader market 627 to 387, while 496 counters were unchanged and 969 untraded, with seven suspended. Turnover jumped to 3.27 billion shares worth RM2.26 billion from 2.82 billion shares worth RM2.05 billion on Tuesday. UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said the FBM KLCI closed the day on a firmer footing as the market sentiment was lifted following Prime Minister Datuk Seri Anwar Ibrahim's announcement of a one-off RM100 cash handout, which drove renewed interest in consumer-related stocks. "As a result, the consumer sector led gains among FBM KLCI constituents,' he told Bernama. Mohd Sedek said regional markets also posted broad-based gains, supported by improved sentiment after the United States agreed to impose a reduced 15 per cent import duty on selected Japanese goods, which exclude strategic items such as steel and aluminium, which remain subject to elevated tariffs. "This marked a de-escalation from the previously threatened 25 per cent levy scheduled to take effect on Aug 1 in the absence of a bilateral agreement,' he added. Similarly, Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the key index closed higher as major regional bourses staged a strong rebound after US President Donald Trump announced that he had completed a "massive deal' with Japan. "Back home, despite heightened external volatility, we believe Malaysian equities remain fundamentally resilient. The benchmark index is attempting to reclaim the 1,530 level, and a breakout supported by strong volume could pave the way for a sustained upward trajectory. "As such, we maintain our weekly FBM KLCI target at between 1,510-1,540,' he added. Regionally, Hong Kong's Hang Seng advanced 1.13 per cent to close at 25,413.48, Singapore's Straits Times Index improved 0.47 per cent to 4,227.85, and South Korea's Kospi gained 0.44 per cent to 3,183.77. Japan's Nikkei 225 rallied 3.51 per cent to 41,171.32. Of the heavyweight stocks, Maybank earned six sen to RM9.59, Tenaga Nasional was 16 sen better at RM13.94, and CIMB gained 12 sen to RM6.67. IHH Healthcare improved two sen to RM6.62, CelcomDigi added four sen to RM3.83, while Public Bank dropped two sen to RM4.29. Top gainers were led by Nestle, which jumped 94 sen to RM76.90, while Fraser and Neave and Hong Leong Industries added 26 sen to RM28.70 and RM13.26, respectively. UMW was 19 sen better at RM2.24, while Vitrox and Sam Engineering gained 17 sen each to RM4.74 and RM4.19. Among the most active stocks, NexG gained 1.5 sen to 52 sen, while Tanco and Ekovest both added half-a-sen to 91.5 sen and 39.5 sen, respectively. Zetrix was two sen better at 94.5 sen, and Green Packet topped up half-a-sen to five sen.
New Straits Times
13 hours ago
- Business
- New Straits Times
Bursa stages rebound to close at intra-day high on late bargain hunting
KUALA LUMPUR: Late bargain hunting of consumer-related stocks pushed Bursa Malaysia to close at its intraday high on Wednesday, allowing the market to recover losses in the previous two sessions. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) bounced 10.39 points, or 0.68 per cent, to close at an intra-day high of 1,529.79 from yesterday's close of 1,519.40. The benchmark index opened 0.08 of a point higher at 1,519.56 and moved between 1,519.48 and 1,529.79 throughout the trading session. Gainers led losers in the broader market 627 to 387, while 496 counters were unchanged and 969 untraded, with seven suspended. Turnover jumped to 3.27 billion shares worth RM2.26 billion from 2.82 billion shares worth RM2.05 billion on Tuesday. UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said the FBM KLCI closed the day on a firmer footing as the market sentiment was lifted following Prime Minister Datuk Seri Anwar Ibrahim's announcement of a one-off RM100 cash handout, which drove renewed interest in consumer-related stocks. "As a result, the consumer sector led gains among FBM KLCI constituents," he told Bernama. Mohd Sedek said regional markets also posted broad-based gains, supported by improved sentiment after the United States agreed to impose a reduced 15 per cent import duty on selected Japanese goods, which exclude strategic items such as steel and aluminium, which remain subject to elevated tariffs. "This marked a de-escalation from the previously threatened 25 per cent levy scheduled to take effect on Aug 1 in the absence of a bilateral agreement," he added. Similarly, Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the key index closed higher as major regional bourses staged a strong rebound after US President Donald Trump announced that he had completed a "massive deal" with Japan. "Back home, despite heightened external volatility, we believe Malaysian equities remain fundamentally resilient. The benchmark index is attempting to reclaim the 1,530 level, and a breakout supported by strong volume could pave the way for a sustained upward trajectory. "As such, we maintain our weekly FBM KLCI target at between 1,510-1,540," he added.
