Latest news with #FBMEmasIndex
The Sun
2 hours ago
- Business
- The Sun
Bursa Malaysia likely to see volatile trading next week pending key market developments
KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to trade within a volatile range of 1,500 to 1,530 next week, pending the emergence of new market-moving developments. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said market sentiment will remain subdued, with investors maintaining a wait-and-see approach. 'From a technical standpoint, the FBM KLCI is in a correction phase, trading below its key moving averages, with technical indicators pointing to short-term weakness. 'Nonetheless, there are signs that the index may be positioning for a recovery, particularly if macroeconomic pressures subside and regional sentiment improves,' he told Bernama. Thong said a clear break above the 1,535 level could confirm a shift towards bullish momentum. Meanwhile, UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research Mohd Sedek Jantan said the FBM KLCI is expected to trade in a narrow range in the absence of clear catalysts. 'Should the index fall below the 1,500 level, bargain hunting may emerge — especially in undervalued large-cap names. 'Volatility may also increase due to several external triggers. South Korea's presidential election on Tuesday could influence regional sentiment, while investors will be closely monitoring a series of economic data releases from China, Japan, South Korea, Taiwan, and Malaysia — including updates on exports, inflation, and purchasing managers' indices,' he said. Mohd Sedek noted that Bursa Malaysia will see a shortened four-day trading week next week, due to the long weekend, which could lead to thinner trading volumes and heightened market volatility. 'Investors should remain vigilant, maintain diversified portfolios, and be prepared for intermittent of volatility as uncertainty continues to shape the investment landscape,' he added. Mohd Sedek said a US appeals court has stayed a prior ruling that had blocked President Donald Trump's use of reciprocal tariffs under the 1977 International Emergency Economic Powers Act, raising fresh questions about the future direction of US trade enforcement. Bursa Malaysia Bhd and its subsidiaries will be closed on June 2, 2025, in conjunction with the official birthday of His Majesty Sultan Ibrahim, King of Malaysia. The exchange and its subsidiaries will resume operations on Tuesday, June 3, 2025. For the week just ended, Bursa Malaysia retreated from earlier gains and ended lower on Friday weighed down by continued selling pressure in heavyweight and mid-cap stocks amid downbeat regional sentiment, following the uncertainty surrounding US trade policy. On a Friday-to-Friday basis, the barometer index fell 27.03 points to 1,508.35 from 1,535.38 a week earlier. The FBM Emas Index dipped 174.25 points to 11,299.80, the FBMT 100 Index slipped 172.10 points to 11,061.00, and the FBM Emas Shariah Index declined 169.96 points to 11,256.26. The FBM 70 Index lost 148.75 points to 16,201.51, and the FBM ACE Index fell 64.91 points to 4,551.03. Across sectors, the Financial Services Index tumbled 262.04 points to 17,840.54, the Industrial Products and Services Index was 1.39 points easier at 152.65, and the Energy Index shed 2.73 points to 708.04. The Plantation Index shrank 122.46 points to 7,207.85 and the Healthcare Index dropped 16.94 points to 1,816.95. Turnover advanced to 14.80 billion units valued at RM12.78 billion from 14.05 billion units valued at RM11.28 billion in the preceding week. The Main Market volume improved to 7.21 billion units worth RM11.50 billion against 7.14 billion units worth RM10.06 billion. Warrants turnover expanded to 5.90 billion units worth RM721.75 million against 5.13 billion units worth RM645.54 million a week ago. The ACE Market volume narrowed to 1.66 billion units valued at RM543.90 million from 1.78 billion units valued at RM563.52 million.
The Sun
2 hours ago
- Business
- The Sun
FBM KLCI to trade between 1,500 -1,530 amid uncertainty
KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to trade within a volatile range of 1,500 to 1,530 next week, pending the emergence of new market-moving developments. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said market sentiment will remain subdued, with investors maintaining a wait-and-see approach. 'From a technical standpoint, the FBM KLCI is in a correction phase, trading below its key moving averages, with technical indicators pointing to short-term weakness. 'Nonetheless, there are signs that the index may be positioning for a recovery, particularly if macroeconomic pressures subside and regional sentiment improves,' he told Bernama. Thong said a clear break above the 1,535 level could confirm a shift towards bullish momentum. Meanwhile, UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research Mohd Sedek Jantan said the FBM KLCI is expected to trade in a narrow range in the absence of clear catalysts. 'Should the index fall below the 1,500 level, bargain hunting may emerge — especially in undervalued large-cap names. 'Volatility may also increase due to several external triggers. South Korea's presidential election on Tuesday could influence regional sentiment, while investors will be closely monitoring a series of economic data releases from China, Japan, South Korea, Taiwan, and Malaysia — including updates on exports, inflation, and purchasing managers' indices,' he said. Mohd Sedek noted that Bursa Malaysia will see a shortened four-day trading week next week, due to the long weekend, which could lead to thinner trading volumes and heightened market volatility. 'Investors should remain vigilant, maintain diversified portfolios, and be prepared for intermittent of volatility as uncertainty continues to shape the investment landscape,' he added. Mohd Sedek said a US appeals court has stayed a prior ruling that had blocked President Donald Trump's use of reciprocal tariffs under the 1977 International Emergency Economic Powers Act, raising fresh questions about the future direction of US trade enforcement. Bursa Malaysia Bhd and its subsidiaries will be closed on June 2, 2025, in conjunction with the official birthday of His Majesty Sultan Ibrahim, King of Malaysia. The exchange and its subsidiaries will resume operations on Tuesday, June 3, 2025. For the week just ended, Bursa Malaysia retreated from earlier gains and ended lower on Friday weighed down by continued selling pressure in heavyweight and mid-cap stocks amid downbeat regional sentiment, following the uncertainty surrounding US trade policy. On a Friday-to-Friday basis, the barometer index fell 27.03 points to 1,508.35 from 1,535.38 a week earlier. The FBM Emas Index dipped 174.25 points to 11,299.80, the FBMT 100 Index slipped 172.10 points to 11,061.00, and the FBM Emas Shariah Index declined 169.96 points to 11,256.26. The FBM 70 Index lost 148.75 points to 16,201.51, and the FBM ACE Index fell 64.91 points to 4,551.03. Across sectors, the Financial Services Index tumbled 262.04 points to 17,840.54, the Industrial Products and Services Index was 1.39 points easier at 152.65, and the Energy Index shed 2.73 points to 708.04. The Plantation Index shrank 122.46 points to 7,207.85 and the Healthcare Index dropped 16.94 points to 1,816.95. Turnover advanced to 14.80 billion units valued at RM12.78 billion from 14.05 billion units valued at RM11.28 billion in the preceding week. The Main Market volume improved to 7.21 billion units worth RM11.50 billion against 7.14 billion units worth RM10.06 billion. Warrants turnover expanded to 5.90 billion units worth RM721.75 million against 5.13 billion units worth RM645.54 million a week ago. The ACE Market volume narrowed to 1.66 billion units valued at RM543.90 million from 1.78 billion units valued at RM563.52 million.
BusinessToday
2 days ago
- Business
- BusinessToday
Bursa Ends Lower As Blue Chips Dip; FBM70 Bucks Trend
Bursa Malaysia closed lower on Thursday, weighed down by losses in heavyweights, although the broader market saw some resilience, with the FBM70 index posting gains. The benchmark FBM KLCI shed 4.50 points or 0.30% to close at 1,518.98, after moving between 1,518.38 and 1,526.94 throughout the day. Meanwhile, the FBM 70 advanced 25.66 points or 0.16% to 16,332.31, lifted by gains in mid-cap counters. The FBM Emas Index slipped 14.84 points to 11,382.33, while the FBM ACE Index and FBM Shariah Index eased 1.32 points and 9.68 points to close at 917.12 and 11,365.83, respectively. Market sentiment remained cautious ahead of macroeconomic updates, with investors also keeping an eye on global developments. On the actively traded list, Permaju led volumes with over 1.6 billion shares exchanged, ending the day down 0.5 sen to 1 sen. Natgate followed with over 1.2 billion shares, falling 14 sen to RM1.44. Velesto rose 1 sen to 18.5 sen on volume of 600.4 million shares, while Nexg added 1 sen to 37.5 sen. MYEG ended flat at 89 sen, with 373.6 million shares traded. Investors are expected to remain on a wait-and-see mode amid mixed regional cues and the upcoming release of US economic data. Related
BusinessToday
5 days ago
- Business
- BusinessToday
Bursa Ends Marginally Lower Amid Cautious Sentiment
Bursa Malaysia closed marginally lower on Monday, with the benchmark FBM KLCI dipping by 1.08 points or 0.07% to settle at 1,534.30 amid cautious investor sentiment and mild profit-taking in selected heavyweight counters. The index traded between 1,528.93 and 1,537.27 throughout the session, reflecting a narrow range as investors remained on the sidelines ahead of key global economic data releases. Broader market performance was also subdued. The FBM 70 Index slipped 46.90 points or 0.29% to 16,303.36, while the FBM Emas Index lost 18.36 points or 0.16% to close at 11,455.69. The FBM ACE declined 36.24 points or 0.32% to 11,389.98. Meanwhile, the FTSE4Good Bursa Malaysia Index (F4GBM) eased 1.28 points or 0.14% to 923.85. On the actives list, Sapura Energy (SAPNRG) led in volume with over 1.24 billion shares traded, closing unchanged at 4 sen. Ecoshop shed 4 sen to RM1.16 with 433 million shares done, while OCR Group stayed flat at 3.5 sen on trades exceeding 33 million shares. Tanco Holdings rose 2.5 sen to RM1.00, and HM remained steady at 18 sen. Sentiment on the local bourse stayed mixed as global market direction remained unclear, with investors awaiting cues from key US inflation data and ongoing geopolitical developments. Related
Barnama
5 days ago
- Business
- Barnama
Bursa Malaysia Stays In Red, Selling Pressure Seen In Selected Heavyweights
KUALA LUMPUR, May 26 (Bernama) -- Bursa Malaysia stayed in the red at mid-afternoon with selling pressure led by transportation and logistics, and technology counters. At 3.06 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 5.67 points, or 0.36 per cent, to 1,529.71 from Friday's close of 1,535.38. The benchmark index opened 0.95 of-a-point higher at 1,536.33. Market breadth was negative with 610 decliners and 244 gainers, 454 counters were unchanged, 1,122 untraded and 42 suspended. Turnover stood at 2.29 billion shares valued at RM983.51 million. Among heavyweights, Maybank was flat at RM9.88, and Public Bank gained two sen to RM4.42. Meanwhile, Tenaga, CIMB and IHH were two sen lower at RM13.98, RM6.92 and RM6.88, respectively. As for active stocks, Harvest Miracle, Sapura Energy and Velesto were flat at 18 sen, four sen and 16.5 sen, respectively, while Tanco Holdings added 1.5 sen to 99 sen, and Thriven Global bagged one sen to 9.5 sen. On the index board, the FBM Emas Index lost 49.63 points to 11,424.42, the FBMT 100 Index shaved 46.64 points to 11,186.45, and the FBM ACE Index was down 49.07 points to 4,566.87. The FBM Emas Shariah Index decreased 69.97 points to 11,356.24 and the FBM 70 Index tumbled 88.52 points to 16,261.73.
