Latest news with #BursaMalaysiaPlantationIndex
The Star
23-04-2025
- Business
- The Star
FBM KLCI tops 1,500 mark as sentiment lifts across Asia
KUALA LUMPUR: The FBM KLCI closed above the psychological 1,500-point level on Wednesday, tracking upbeat sentiment across regional markets amid encouraging external cues. The upbeat mood followed U.S. President Donald Trump's remarks, easing market concerns, as he assured that he does not intend to fire Federal Reserve Chair Jerome Powell and that tariffs on China will be "nowhere near" the current 145%. At 5pm, the FBM KLCI rose 14.94 points, or 1.01%, to 1,501.19 — its intraday high and the highest level in over two weeks. The index touched an intraday low of 1,493.26. All indices ended higher, except the Bursa Malaysia Plantation Index. Market breadth was positive with 716 securities ending in the green versus 264 that closed weaker. Trading volume stood at almost three billion units worth RM2.1bil. Malaysian Pacific Industries , the biggest gainer on Bursa Malaysia, jumped 80 sen to RM15.64, PPB Group added 32 sen to RM12.02, PETRONAS Chemicals gained 22 sen to RM3.30 and SAM Engineering climbed 22 sen to RM3.52. Among the decliners, Ideal Capital slid 20 sen to RM3.80, United Plantations lost 14 sen to RM22.84, Heineken fell 14 sen to RM26.22 and Oriental declined 13 sen to RM6.94. In terms of fund flows, foreign investors offloaded RM105mil worth of equities on Tuesday, while local institutions and retailers emerged as net buyers at RM40mil and RM65mil respectively. Meanwhile, the ringgit was quoted at 4.3968 against the US dollar, down 0.22%, while it gained 0.21% to 3.3522 against the Singapore dollar. Around the region, MSCI's Asia ex-Japan stock index was higher by 1.97%. Japan's Nikkei 225 rose 1.89% to 34,868.63 while South Korea's Kospi closed up 1.57% at 2,525.56. Hong Kong's Hang Seng Index added 2.37% to 22,072.62. China's CSI 300 Index rose 0.08% to 3,786.88 while the Shanghai Composite Index fell 0.1% to 3,296.36.
The Star
23-04-2025
- Business
- The Star
FBM KLCI ends lower as Trump's Fed criticism spooks markets
KUALA LUMPUR: The FBM KLCI closed lower on Monday, mirroring the broader regional markets, as concerns over U.S. President Donald Trump's criticism of Federal Reserve Chair Jerome Powell dampened investor sentiment. The market barometer dropped 13.22 points, or 0.88%, to 1,486.25, after reaching an intraday high of 1,492.44 and a low of 1,482.70. All indices on Bursa Malaysia ended lower, except for the Bursa Malaysia Plantation Index. In the broader market, 630 counters declined while only 302 advanced, dragging market breadth down to a weak 0.48. Turnover rose to 3.43 billion securities valued at RM1.66bil. Stock market data showed that foreign investors sold a net RM101mil worth of equities on Monday, while local institutions emerged as net buyers with RM101mil. Dealers expect market sentiment to remain subdued as attention shifts to the US Federal Reserve following U.S. President Donald Trump's criticism of Fed Chair Jerome Powell. They expect retail investors to remain on the sidelines amid a lack of fresh leads, keeping market conditions subdued for now. Among the decliners on Bursa Malaysia, Hong Leong Bank slid 44 sen to RM19.54, PETRONAS Dagangan lost 38 sen to RM19.12, Malaysian Pacific Industries fell 26 sen to RM14.84 and Sunway Construction declined 25 sen to RM4.09. Gainers included Kotra, which added 20 sen to RM4.20, Allianz, which rose 20 sen to RM17.54, Ayer, which increased 20 sen to RM7.50, and Carlsberg, which gained 12 sen to RM18.96. Meanwhile, the ringgit was quoted at 4.3828 against the US dollar, down 0.3%, after strengthening to its highest level in nearly six months on Monday. It rose 0.12% against the euro to 2.0404, but slipped 0.16% against both the pound sterling at 5.8659 and the Singapore dollar at 3.3598. Asian bourses closed mixed today, with Japan's Nikkei 225 down 0.17%, Hong Kong's Hang Seng Index up 0.78%, and South Korea's Kospi slipping 0.07%. China's CSI 300 Index edged down 0.02%, while the Shanghai Composite Index gained 0.25%.
