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New Straits Times
2 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.
New Straits Times
20-07-2025
- 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.
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.
Malaysian Reserve
12-07-2025
- Business
- Malaysian Reserve
Bursa Malaysia seen range-bound, macro data in focus
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. — BERNAMA
