Latest news with #FBM70Index
BusinessToday
2 days ago
- Business
- BusinessToday
Bulls Back in Action As Bursa Rides Regional Optimism
Bursa Malaysia opened on a firm note on Tuesday, with gains in heavyweight stocks helping the benchmark index edge higher in early trade. At 9.15am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.12 points, or 0.33%, to 1,568.36, after touching an intraday high of 1,569.74 and a low of 1,561.83. Broader market sentiment was positive, with the FBM 70 Index up 8.53 points to 16,604.17, the FTSE4Good Bursa Malaysia Index climbing 2.50 points to 945.50, the FBM Emas Index adding 29.81 points to 11,676.94, and the FBM Shariah Index advancing 30.80 points to 11,678.47. Among the most actively traded stocks, Classita Holdings Bhd gained half a sen to 9.5 sen with 1.07 billion shares changing hands, Nexgram Holdings Bhd added one sen to 38.5 sen, and Pharmaniaga Bhd rose half a sen to 18.5 sen. PRG Holdings Bhd slipped half a sen to 12 sen, while TWL Holdings Bhd was unchanged at 2.5 sen. The upbeat start followed positive cues from regional markets, with traders monitoring corporate earnings announcements and external economic data later in the week.
New Straits Times
4 days ago
- Business
- New Straits Times
Bursa Malaysia likely to retain uptrend next week
KUALA LUMPUR: Bursa Malaysia is likely to retain its constructive bias into next week, with potential upside breakout above the 1,560 level, said an analyst. UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research, Mohd Sedek Jantan, said the near-term momentum would remain path-dependent on investor sentiment and the regional risk premium. He noted that Malaysia's final second quarter of 2025 (2Q 2025) gross domestic product (GDP) reading, due on Friday (Aug 15), should confirm the economy's resilience, with forecast unchanged at 4.5 per cent year-on-year. "On the same day, China will publish its latest retail sales figures, as we believe the marginal policy impact is now diminishing, with our projection pointing to a moderation to 4.6 per cent year-on-year. "These drivers could recalibrate regional equity risk appetite and influence commodity-linked trade flows into ASEAN markets," he told Bernama. Mohd Sedek also said investors remained focused on United States (US) semiconductor tariff announcement, as tariff-sensitive sectors could experience episodic volatility, "The prevailing global macro narrative is anchored on imminent US Federal Reserve (Fed) rate cuts as it may exert a stronger influence on cross-asset flows, potentially superseding trade-related caution. "We view positive domestic macro prints and robust US corporate earnings should provide further underpinning for the index," he said. Meanwhile, Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said investors are keeping a close watch on US-China trade relations. He said reports signalled that talks might restart amid escalating tariff impacts and geopolitical uncertainty, both of which are influencing global market trends. On a weekly basis, the benchmark index rose 23.63 points to 1,556.98 on Friday from 1,533.35 a week earlier. The FBM Emas Index increased 76.46 points to 11,601.79, the FBMT 100 Index gained 94.28 points to 11,379.91, and the FBM Emas Shariah Index climbed 93.42 points to 11,634.18. The FBM 70 Index declined 208.34 points to 16,505.53, while the FBM ACE Index dropped 17.49 points to 4,606.88. By sector, the Financial Services Index soared 100.62 points to 17,580.82, the Plantation Index added 55.15 points to 7,426.12, while the Energy Index slipped 12.88 points to 736.72. Weekly turnover swelled to 12.65 billion units worth RM11.65 billion from 15.94 billion units worth RM11.88 billion in the previous week. The Main Market volume shrank to 7.66 billion units valued at RM10.61 billion compared with 8.33 billion units valued at RM10.46 billion previously. Warrants turnover declined to 3.62 billion units worth RM508.07 million from 5.50 billion units worth RM859.03 million in the preceding week. The ACE Market volume decreased to 1.37 billion units valued at RM529.84 million versus 2.10 billion units valued at RM561.51 million a week ago.
The Star
13-07-2025
- Business
- The Star
Bursa Malaysia seen range-bound this week as macro data in focus
KUALA LUMPUR (Bernama): Bursa Malaysia is expected to trade sideways from Monday (July 14) week, with the index's bullish momentum likely dependent on key macroeconomic data from China and the United States (US). UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said investors would closely monitor upcoming data from China, particularly June trade figures and second-quarter gross domestic product (GDP). "While consensus expects GDP growth to hold at 5.0 per cent, persistent weakness in the property sector could reignite stimulus speculation. "In the US, June retail sales will be a key indicator of consumer strength and potential implications for the US Federal Reserve's policy path,' he told Bernama. Meanwhile, Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng expects profit-taking to emerge next week. "As such, we anticipate the FBM KLCI to move within the 1,530-1,560 range. Sectors likely to remain in favour include banking, telecommunications, property, construction and consumer,' he said. For the week just ended, the benchmark index fell 14.12 points to 1,536.07 from 1,550.19 a week earlier. The FBM Emas Index declined 74.14 points to 11,543.58, the FBMT 100 Index dropped 81.96 points to 11,308.74, and the FBM Emas Shariah Index slipped 65.35 points to 11,552.47. The FBM 70 Index shed 25.69 points to 16,761.35, while the FBM ACE Index rose 11.77 points to 4,538.17. By sector, the Financial Services Index slid 183.09 points to 17,608.13, the Plantation Index added 1.71 points to 7,459.45, and the Energy Index eased 3.99 points to 737.62. Weekly turnover narrowed to 16.21 billion units worth RM11.43 billion from 17.25 billion units valued at RM12.62 billion in the previous week. Main Market volume fell to 6.99 billion units valued at RM10.02 billion, compared with 9.22 billion units worth RM11.41 billion previously. Warrant turnover rose to 7.82 billion units worth RM911.38 million from 6.62 billion units worth RM772.30 million a week earlier. ACE Market volume inched up to 1.41 billion units valued at RM490.78 million versus 1.40 billion units worth RM437.52 million previously. - Bernama
New Straits Times
13-07-2025
- Business
- New Straits Times
Bursa Malaysia seen range-bound macro data in focus
KUALA LUMPUR: Bursa Malaysia is expected to trade sideways next week, with the index's bullish momentum likely dependent on key macroeconomic data from China and the United States (US). UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said investors would closely monitor upcoming data from China, particularly June trade figures and second-quarter gross domestic product (GDP). "While consensus expects GDP growth to hold at 5.0 per cent, persistent weakness in the property sector could reignite stimulus speculation. "In the US, June retail sales will be a key indicator of consumer strength and potential implications for the US Federal Reserve's policy path," he told Bernama. Meanwhile, Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng expects profit-taking to emerge next week. "As such, we anticipate the FBM KLCI to move within the 1,530–1,560 range. Sectors likely to remain in favour include banking, telecommunications, property, construction and consumer," he said. For the week just ended, the benchmark index fell 14.12 points to 1,536.07 from 1,550.19 a week earlier. The FBM Emas Index declined 74.14 points to 11,543.58, the FBMT 100 Index dropped 81.96 points to 11,308.74, and the FBM Emas Shariah Index slipped 65.35 points to 11,552.47. The FBM 70 Index shed 25.69 points to 16,761.35, while the FBM ACE Index rose 11.77 points to 4,538.17. By sector, the Financial Services Index slid 183.09 points to 17,608.13, the Plantation Index added 1.71 points to 7,459.45, and the Energy Index eased 3.99 points to 737.62. Weekly turnover narrowed to 16.21 billion units worth RM11.43 billion from 17.25 billion units valued at RM12.62 billion in the previous week. Main Market volume fell to 6.99 billion units valued at RM10.02 billion, compared with 9.22 billion units worth RM11.41 billion previously. Warrant turnover rose to 7.82 billion units worth RM911.38 million from 6.62 billion units worth RM772.30 million a week earlier. ACE Market volume inched up to 1.41 billion units valued at RM490.78 million versus 1.40 billion units worth RM437.52 million previously.
The Star
22-06-2025
- Business
- The Star
Bursa Malaysia to remain cautious, CI to trade within the 1,500-1,500 range beginning from Monday (June 23)
KUALA LUMPUR (Bernama): Bursa Malaysia is expected to remain cautious from this Monday (June 23), tracking Wall Street's performance as markets digest signals from the United States (US) Federal Open Market Committee (FOMC), said an analyst. UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research Mohd Sedek Jantan noted that the US Federal Reserve's (Fed) projections, characterised by slower growth, elevated inflation, and a higher unemployment trajectory for 2025-2027-suggest a stagflationary undertone, which could weigh on risk sentiment. "Growth-sensitive sectors may face headwinds as the policy outlook remains uncertain. The split in the FOMC's dot plot, with members divided between no interest rates cuts and two cuts by year-end, implies limited near-term easing and reduces the likelihood of a July cut,' he told Bernama. Mohd Sedek also pointed out that the benchmark index is hovering near the psychological threshold of 1,500 points, adding that a breach of this level could trigger opportunistic buying by institutional investors, especially as the index nears its immediate support at 1,490 points. "While the FOMC's guidance has introduced caution, markets may find support at lower levels, where valuations become more compelling. Geopolitical-driven volatility is often short-lived, and we expect a moderation in risk sentiment as these concerns subside,' he said. Meanwhile, Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng market focus next week will shift to several key economic indicators, including the US quarterly gross domestic product and jobless claims. "The FBM KLCI is currently priced at about 12 times the calendar year 2025 price-to-earnings ratio, notably below its long-term average of over 16 times, indicating potential for further appreciation. "The subdued valuation may attract bargain hunters. For the week ahead, we expect the index to trade within the 1,500-1,530 points range,' Thong added. For the week just ended, Bursa Malaysia was mostly subdued as investors stayed on the sidelines due to ongoing concerns over the Middle East conflict and the anticipated implementation of reciprocal tariffs by US President Donald Trump. On a Friday-to-Friday basis, the barometer index dropped 15.37 points to 1,502.74 from 1,518.11 a week earlier. The FBM Emas Index fell 141.109 points to 11,228.99, the FBMT 100 Index was down 128.59 points to 11,015.45, and the FBM Emas Shariah Index declined 128.19 points to 11,201.34. The FBM 70 Index decreased 250.96 points to 16,117.75 and the FBM ACE Index shrank 86.34 points to 4,400.85. Across sectors, the Industrial Products and Services Index eased by 4.08 points to 147.27 and the Energy Index was 5.05 points lower at 735.71. The Plantation Index slid 0.40 of-a-point to 7,220.52, the Healthcare Index dipped 85.83 points to 1,691.89, and the Financial Services Index tumbled 179.87 points to 17,468.38. Turnover dropped to 13.72 billion units worth RM10.84 billion from 13.89 billion units valued at RM10.61 billion in the preceding week. The Main Market volume fell to 6.29 billion units valued at RM9.63 billion against 6.42 billion units worth RM9.47 billion previously. Warrants turnover expanded to 6.16 billion units worth RM845.61 million versus 5.97 billion units valued at RM687.92 million a week ago. The ACE Market volume slipped to 1.25 billion units valued at RM361.21 million compared with 1.50 billion units worth RM458.75 million in the preceding week. - Bernama
