Latest news with #DurratulAinAhmadFuad
Barnama
3 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.
Barnama
3 days ago
- Business
- Barnama
Bursa Malaysia Likely To Maintain Upward Bias Next Week
WORLD By Durratul Ain Ahmad Fuad KUALA LUMPUR, July 19 (Bernama) -- Bursa Malaysia is likely to maintain its upward bias next week, building on the renewed buying interest seen over the past two sessions, said UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan. He foresees the FTSE Bursa Malaysia KLCI (FBM KLCI) trading within the 1,540-1,550 range, potentially retesting levels recorded prior to the deadline of the reciprocal tariff deferral. 'While (the United States) President Donald Trump's administration has yet to announce any formal amendments to Malaysia's tariff arrangement, the precedent set by recent favourable outcomes for Indonesia and Vietnam lends credence to the prospect of Malaysia's 25 per cent tariff being reviewed,' he told Bernama. Furthermore, he said the stronger-than-expected second-quarter gross domestic product figure should offer a constructive backdrop for market sentiment in the week ahead. 'In our assessment, the combination of resilient domestic growth and compelling equity valuations, particularly within a selectively risk-on environment is likely to continue attracting foreign investor interest into the Malaysian market,' he added. According to the Statistics Department Malaysia (DoSM), Malaysia's economy is forecast to grow by 4.5 per cent in the second quarter of 2025 (2Q 2025) based on advance gross domestic product (GDP) estimates, slightly outpacing the previous quarter's 4.4 per cent. Growth is expected to be driven by robust domestic demand amid global headwinds. For the week just ended, the benchmark index fell 10.21 points to 1,525.86 from 1,536.07 a week earlier. The FBM Emas Index declined 63.75 points to 11,479.83, the FBMT 100 Index dropped 67.05 points to 11,241.69, the FBM Emas Shariah Index slid 14.60 points to 11,537.87, the FBM 70 Index shed 63.63 points to 16,697.72, while the FBM ACE Index rose 133.62 points to 4,671.79.
Barnama
4 days ago
- Business
- Barnama
Bargain-hunting Activities Push Bursa Malaysia Higher At The Close
WORLD By Durratul Ain Ahmad Fuad and Danni Haizal Danial Donald KUALA LUMPUR, July 17 (Bernama) -- Bursa Malaysia ended two days of losses to close higher on Thursday, tracking gains in the regional markets as bargain-hunting activities emerged following the recent sell-off. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 9.44 points or 0.63 per cent to 1,520.94 from Wednesday's close of 1,511.50. The benchmark index opened 0.39 of a point higher at 1,511.89 and subsequently moved between 1,511.64 and 1,521.15 throughout the session. The market breadth was positive, with 547 gainers outpacing 416 decliners and 475 counters unchanged, while 1,019 were untraded and eight suspended. Turnover eased to 3.17 billion shares worth RM2.48 billion, compared with 3.18 billion shares worth RM2.44 billion on Wednesday. UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research Mohd Sedek Jantan said regional bourses recorded gains, suggesting a broader return of risk appetite. The local market was in sync with most of its regional peers -- Singapore's Straits Times Index rose 0.66 per cent to 4,159.57, South Korea's Kospi advanced 0.37 per cent to 3,192.29 and Japan's Nikkei 225 gained by 0.6 per cent to 39,901.19. However, Hong Kong's Hang Seng Index inched down 0.08 per cent to 24,498.95. 'Looking ahead, attention will turn to key United States (US) economic data releases later today, with June retail sales figures and last week's jobless claims scheduled for release.
Barnama
06-06-2025
- Business
- Barnama
CPO Futures End Lower On Rising Output Concerns
By Durratul Ain Ahmad Fuad KUALA LUMPUR, June 5 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower today due to concerns over rising production, according to palm oil trader David Ng. He said weaker soybean oil prices on the Chicago Board of Trade during Asian trading hours also weighed on market sentiment. 'The rising production is mainly due to seasonality. We see prices supported at RM3,800 per tonne and resistance at RM4,000 per tonne,' he told Bernama. At the close, the spot-month June 2025 and July 2025 contracts dropped RM42 each to RM3,904 per tonne and RM3,923 per tonne, respectively. August 2025 fell RM45 to RM3,903 per tonne, September 2025 and October 2025 declined RM47 each to RM3,890 per tonne and RM3,886 per tonne respectively, and November 2025 reduced RM40 to RM3,891 per tonne. Trading volume improved to 64,761 lots from 59,422 lots yesterday, while open interest edged up to 245,562 contracts from 245,345 contracts previously. The physical CPO price for June South decreased by RM50 to RM3,950 per tonne. -- BERNAMA
Barnama
06-06-2025
- Business
- Barnama
CPO Futures End Higher Tracking Stronger Soyabean Oil Prices
By Durratul Ain Ahmad Fuad KUALA LUMPUR, June 6 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher today, tracking stronger soyabean oil prices on the Chicago Board of Trade, said palm oil trader David Ng. He noted that the recent export strength is also seen as another factor supporting market sentiment today. 'We see prices supported at RM3,800 per tonne and resistance at RM4,000 per tonne,' he told Bernama. At the close, the spot-month June 2025 and July 2025 contracts added RM7 each to RM3,911 per tonne and RM3,930 per tonne, respectively, August 2025 rose RM14 to RM3,917 per tonne, September 2025 went up RM16 to RM3,906 per tonne, October 2025 put on RM13 to RM3,899 per tonne, and November 2025 advanced RM8 to RM3,899 per tonne. Trading volume eased to 62,878 lots from 64,761 lots yesterday, while open interest edged down to 241,688 contracts from 245,562 contracts previously. The physical CPO price for June South increased by RM10 to RM3,960 per tonne. -- BERNAMA
