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Barnama
8 hours ago
- Business
- Barnama
FBM KLCI Erases 0.25 Pct At Mid-afternoon On Heavyweight Selling
KUALA LUMPUR, July 22 (Bernama) -- Persistent selling in selected heavyweights, led by Press Metal, Sunway and Petronas Gas, pushed the key index down by 0.25 per cent by mid-afternoon. Press Metal fell 10 sen to RM5.21, Sunway dropped nine sen to RM4.80, and Petronas Gas declined 26 sen to RM17.56. These three counters collectively contributed 3.28 points to the composite index. At 3 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 3.81 points to 1,520.78 from yesterday's close of 1,524.59. The benchmark index opened 1.70 points higher at 1,526.29 at the opening bell. Across the broader market, decliners overwhelmed gainers 569 to 291, while 468 counters were unchanged, 1,151 untraded and seven suspended. Turnover stood at 2.1 billion units worth RM1.18 billion. Among the heavyweight stocks, Maybank added two sen to RM9.54, Public Bank fell two sen to RM4.28, TNB was flat at RM13.78, and CIMB gained five sen to RM6.57. Among the most active stocks, Zetrix eased one sen to 92.5 sen, Tanco gained one sen to 91.5 sen, NexG rose half-a-sen to 51 sen, and Pharmaniaga declined half-a-sen to 21.5 sen. On the broader index board, the FBM Emas Index fell 36.47 points to 11,425.46, the FBMT 100 Index shed 36.49 points to 11,188.33, and the FBM Emas Shariah Index dropped 52.68 points to 11,457.03.
New Straits Times
2 days ago
- Business
- New Straits Times
Bursa Malaysia opens flat in cautious trade
KUALA LUMPUR: Bursa Malaysia opened flat and proceeded to retreat in early trade today, reflecting a lack of catalysts in the market after a downbeat Wall Street performance last Friday. At 9.15 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 3.22 points to 1,522.64 from last Friday's close of 1,525.86. The benchmark index was 0.60 of a point better at 1,526.46 at the opening bell. Turnover stood at 266.08 million shares worth RM171.57 million. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said Wall Street closed lower last Friday as US markets took a breather following a decent performance for the week. "Back home, the FBM KLCI maintained its stability to end positively (last week) amid continuous buying support by local institutions. For today, we expect bargain hunting to persist and expect the index to trend within the 1,520-1,530 range," he told Bernama. Among the heavyweight counters, Maybank rose five sen to RM9.57, Public Bank and IHH lost one sen each to RM4.30 and RM6.56, respectively, while TNB and CIMB were both unchanged at RM13.78 and RM5.51. Active counters were led by Nexg, which added one sen to 50.5 sen, followed by Pharmaniaga and Silver Ridge, both accumulating three sen to 18.5 sen and 23 sen respectively, while TWL was flat at 2.5 sen. On the broader index board, the FBM Emas Index erased 32.39 points to 11,447.44, the FBMT 100 Index removed 31.72 points to 11,209.97, and the FBM Emas Shariah Index declined 56.33 points to 11,481.54. The FBM 70 Index went down 82.02 points to 16,615.70, while the FBM ACE Index trimmed 18.82 points to 4,652.97. By sector, the Financial Services Index put on 21.27 points to 17,376.11, the Energy Index edged down 0.73 of a point to 738.40, and the Plantation Index slipped 7.03 points to 7,434.86. The Industrial Products and Services Index shed 1.90 points to 153.48.
The Star
2 days ago
- Business
- The Star
Bursa Malaysia is most likely to continue its upward trend this week
KUALA LUMPUR (Bernama): Bursa Malaysia is likely to maintain its upward bias from Monday (July 21), 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. By sector, the Financial Services Index dipped 253.30 points to 17,354.83, the Plantation Index reduced 8.56 points to 7,441.89 and the Energy Index went up 1.51 points to 739.13. Weekly turnover narrowed to 15.53 billion units worth RM11.77 billion from 16.21 billion units worth RM11.43 billion in the previous week. Main Market volume fell to 6.73 billion units valued at RM10.07 billion, compared with 6.99 billion units valued at RM10.02 billion previously. Warrant turnover depreciated to 6.83 billion units worth RM966.72 million from 7.82 billion units worth RM911.38 million a week earlier. ACE Market volume widened to 1.97 billion units valued at RM729.96 million versus 1.41 billion units valued at RM490.78 million previously. - Bernama
New Straits Times
3 days ago
- Business
- New Straits Times
Bursa Malaysia likely to maintain upward bias next week
KUALA LUMPUR: 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. By sector, the Financial Services Index dipped 253.30 points to 17,354.83, the Plantation Index reduced 8.56 points to 7,441.89 and the Energy Index went up 1.51 points to 739.13. Weekly turnover narrowed to 15.53 billion units worth RM11.77 billion from 16.21 billion units worth RM11.43 billion in the previous week. Main Market volume fell to 6.73 billion units valued at RM10.07 billion, compared with 6.99 billion units valued at RM10.02 billion previously. Warrant turnover depreciated to 6.83 billion units worth RM966.72 million from 7.82 billion units worth RM911.38 million a week earlier. ACE Market volume widened to 1.97 billion units valued at RM729.96 million versus 1.41 billion units valued at RM490.78 million previously.
Barnama
4 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.
