Latest news with #FBMEMAS
BusinessToday
23-07-2025
- Business
- BusinessToday
KLCI Gains As PM Slashes RON95 Price
The FBM KLCI edged higher by midday, rising 4.89 points or 0.32 % to reach 1,524.29, with broader indices FBM70, FBMEMAS, FBMSHA, and F4GBM also posting mild gains. Market participants appear to be responding positively following Prime Minister Anwar Ibrahim's announcement of a RM100 cash handout for all adults and a reduction in RON95 fuel prices to RM1.99 per litre, expected to ease public cost-of-living burdens. Advantageous moves in global markets are also supporting sentiment. The US dollar weakened amid renewed scrutiny over the Federal Reserve's independence, while US Treasury yields softened after last night's rally. Concurrently, ASEAN stock markets have steadied on hopes that next week's US tariff deadline could be postponed. Crude oil and gold rebounded, further improving risk appetite. Locally, comfort in daily necessities has buoyed consumer-facing counters. Notably, NEXG led midday volumes, trading at RM0.515 with a 1.97 % gain, as the easing in fuel costs is expected to benefit the household and retail sectors. Residential sentiment also improved after the PM reaffirmed structural reforms to support affordable housing targets, reinforcing confidence in both macroeconomic and social policy continuity. Despite the cautious global environment, reflected in a muted recovery in European markets, Malaysian equities reflect growing optimism. Bullish investor tone was also supported by recent government assistance announcements, which may help shore up domestic consumption if implemented effectively. The energy space has responded to the reduced fuel price guidance, while the broader market registers mild gains as liquidity conditions stabilise and short-term political concerns dissipate. The central bank's continued accommodative stance, alongside fiscal measures, is expected to reinforce the positive trajectory into the afternoon session. Looking ahead, attention will shift to how the PM's targeted subsidies interact with inflation data and whether US trade decisions near August 1 continue to influence sentiment. For now, Bursa remains calm yet positive as midday marks a tentative recovery from recent volatility. Related
BusinessToday
17-07-2025
- Business
- BusinessToday
Bursa Opens Slightly Higher As iCents Leads Active Trades
Bursa Malaysia opened marginally higher on Thursday, supported by modest gains in key indices and strong debut interest in iCents Group Holdings. At 9.04 am, the benchmark FBM KLCI edged up 1.77 points to 1,513.27, reflecting cautious optimism amid mixed regional sentiment. Broader market indices also opened in positive territory, with the FBM 70 rising 0.15% to 16,546.64 and the FBM EMAS advancing 0.11% to 11,383.32. Leading the most active list was iCents, which saw robust interest in its ACE Market debut. The stock traded at RM0.280, up 16.7% from its IPO price of RM0.24, with over 544 million shares exchanging hands within minutes of market opening. Meanwhile, other actively traded stocks included TWL Holdings, Esceram, and NexG, though most were flat or saw minor movements. Investors are watching global markets closely amid ongoing uncertainty over US interest rate policy and China's slower-than-expected economic recovery, which continues to influence short-term sentiment across Asia. Related
BusinessToday
17-07-2025
- Business
- BusinessToday
Bursa Stays Buoyant At Midday On China Optimism, Wall Street Hopes
Bursa Malaysia stayed in positive territory at midday, tracking gains in regional markets as investors weighed economic signals from China and awaited earnings cues from Wall Street. The benchmark FBMKLCI climbed 5.82 points to 1,517.32 as of 12.30 pm, supported by buying interest in selected blue chips. It traded between a low of 1,511.64 and a high of 1,519.50 throughout the morning session. Broad market indices also showed modest gains. The FBM70 rose 30.62 points to 16,552.01, while the broader FBMEMAS gained 36.79 points to 11,407.82. The FBM Shariah Index added 46.14 points to 11,450.09. The market's firm footing came as investors responded to China's recent move to inject more liquidity into its banking system, raising hopes of stabilisation in its property and manufacturing sectors. Regionally, Asian markets were largely higher, with Tokyo and Hong Kong posting gains. Back home, trading activity remained brisk. Among the most active stocks were ICENTS, the debutant, at 33.5 sen (+9.5 sen) on surging volume of 127.6 million shares, followed by NexG climbing 0.5 sen to 49 sen, and Lotte Chemical Titan rising 6.5 sen to 57 sen as oil-linked counters saw renewed interest. Zetrix and Tanco also featured in the most active list, although Zetrix slipped one sen to 94 sen despite active trading. The market tone was underpinned by cautious optimism ahead of key US earnings reports and a string of economic data due later this week. Traders remain watchful of US Fed commentary and potential rate shifts amid ongoing inflationary concerns. Related
BusinessToday
16-07-2025
- Business
- BusinessToday
Bursa Opens Mildly Lower As Mixed Global Cues Weigh
Bursa Malaysia opened in the red on Wednesday, with the benchmark FBMKLCI dipping 0.02% to 1,525.03, reflecting global market jitters and cautious investor sentiment as US inflation data and trade policy shifts continue to impact sentiment. The broader FBM70 fell 0.11% to 16,669.38, while FBMEMAS and FBMSHA slipped 0.07% and 0.09% respectively. Among the most active counters, TWL held steady at RM0.025 with strong volume, while GOCEAN remained unchanged at RM0.125. DNEX and ZETRIX edged higher by 0.5c to RM0.28 and 1c to RM0.94 respectively, on increased trade activity. Markets were digesting fresh data from the US, where consumer inflation accelerated in June, pushing Wall Street lower; the S&P 500 and Dow slipped, although the Nasdaq climbed on strength in semiconductor stocks. Market attention has also turned to President Trump's indications of potential tariffs on pharmaceuticals and semiconductors from 1 August, balanced against hopes for new trade deals, including those with India and the EU. Back home, investors remain attentive to June retail sales and domestic economic data, which could set the tone for Malaysian consumer-driven stocks. Meanwhile, the banking and plantation sectors continue to be influenced by global energy prices, with oil markets firming on renewed concerns over supply constraints. The modest start underscores investor caution as they weigh tighter global financial conditions against regional growth prospects. Subsequent trading sessions are likely to hinge on Friday's release of Malaysian inflation data and further updates on US trade and tariff policies. Related
BusinessToday
14-07-2025
- Business
- BusinessToday
Bursa Stalls At Midday As China Jitters Cloud Sentiment
Bursa remained broadly flat at midday on Monday, with the FBM KLCI inching down 0.44 points to 1,535.63 amid cautious sentiment as investors digested weaker-than-expected economic data out of China and awaited further corporate earnings guidance this week. The benchmark index moved within a narrow range of 1,534.40 to 1,538.08 in the morning session, reflecting muted market participation and mild profit-taking pressure. Broader market indices also showed little movement, with the FBM70 slipping 13.33 points to 16,748.02, while the FBMEMAS and F4GBM eased slightly by 1.94 and 0.26 points respectively. Investor sentiment remained cautious after China's GDP figures released earlier in the day revealed slower-than-expected growth in Q2 2025, raising fresh concerns over regional demand and trade momentum. Market watchers also remained alert to global interest rate trends and potential ripple effects from prolonged monetary tightening in the US. Among actives, NexG led with a gain of 1.5 sen to 46.5 sen on strong volume of over 613 million shares, while Tanco and Wentel each added 0.5 sen and 1.5 sen respectively. ZETRIX, however, slipped 1 sen to 99 sen despite a high trading volume of over 322 million shares. Investors are likely to remain on the sidelines in the second half of the session, with attention turning to local corporate earnings and economic releases later this week, as well as regional developments surrounding China's stimulus outlook and its effect on trade-linked sectors. Trading resumed at 2.30pm. Related
