Latest news with #FBMKLCI
The Star
2 hours ago
- Business
- The Star
Bursa Malaysia easier at midday as cautious sentiments abound
KUALA LUMPUR: Bursa Malaysia ended the morning trading session lower on Wednesday, trading below the 1,520 level as investors remain cautious ahead of the looming United States (US) tariff negotiation deadline. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 7.90 points, or 0.52 per cent, to 1,517.50 from Tuesday's close of 1,525.40. The benchmark index opened 1.63 points lower at 1,523.77, and subsequently moved between 1,516.89 and 1,526.29 during the session. The broader market was negative with decliners outnumbering gainers 558 to 289, while 434 counters were unchanged, 1,164 untraded and eight suspended. Turnover stood at 1.98 billion units worth RM1.04 billion. In a research note today, Hong Leong Investment Bank Bhd (HLIB) said the FBM KLCI's near-term sentiment is expected to remain cautious ahead of the Aug 1 deadline for the US-Malaysia tariff negotiation decisions and potential clarity on US export controls on artificial intelligence (AI) chip shipments. "On the domestic front, the upcoming August results season may weigh on sentiment, as looming policy headwinds, including fuel and electricity subsidy rationalisations, port tariff hikes and Sales and Service Tax expansions would dampen consumer demand and cloud earnings visibility,' it said. Among the heavyweights, Maybank fell six sen to RM9.59, Public Bank slipped four sen to RM4.22, CIMB was seven sen lower at RM6.56 and IHH Healthcare erased three sen to RM6.55, while Tenaga Nasional was flat at RM13.90. As for the most active stocks, NexG gained one sen to 48.5 sen, Zetrix AI added 1.5 sen to 94.5 sen and Tanco reduced half-a-sen to 90 sen, while Green Ocean Corporation and TWL were flat at 12.5 sen and 2.5 sen, respectively. On the index board, the FBM Emas Index reduced 56.50 points to 11,419.58, the FBMT 100 Index edged down 56.57 points to 11,181.04, and the FBM Emas Shariah Index trimmed 28.82 points to 11,454.36. The FBM 70 Index declined 76.82 points to 16,611.58, while the FBM ACE Index went up 9.42 points to 4,597.04. Sector-wise, the Financial Services Index sank 168.82 points to 17,333.83, the Industrial Products and Services Index eased 0.46 of a point to 152.93, the Energy Index ticked down 0.79 of a point to 738.13, and the Plantation Index narrowed 23.24 points to 7,395.18. - Bernama
Free Malaysia Today
3 hours ago
- Business
- Free Malaysia Today
Bursa flat in early trade after downbeat Wall Street performance
KUALA LUMPUR : Bursa Malaysia made a flat start on Wednesday, following the downbeat performance on Wall Street overnight. At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) inched down 0.29 of a point, or 0.02%, to 1,525.11 from Tuesday's close of 1,525.40. The benchmark index opened 1.63 points lower at 1,523.77. The market breadth was weaker, with decliners outnumbering gainers 178 to 108, while 282 counters were unchanged, 1,877 untraded, and eight suspended. Turnover stood at 165.78 million shares worth RM85.02 million. Malacca Securities Sdn Bhd said Wall Street's initial rally faded as hotter-than-expected inflation data failed to ease tariff concerns and increased bets that the US Federal Reserve will hold interest rates. 'Following Wall Street's downbeat performance, the local bourse could start on a weaker tone. However, we believe the overall situation may favour the technology stocks with the resumption of chip sales in China, and the technology sector on the local front may see decent buying interest,' it said in a note today. The brokerage firm also favours the real estate investment trusts sector on the back of the recent Bank Negara Malaysia overnight policy rate cut, 'while the consumer sector may benefit from downtrading activities as inflationary pressures remain sticky.' Among the heavyweight counters, Maybank fell one sen to RM9.64, Tenaga Nasional lost six sen to RM13.84, and CIMB was three sen lower at RM6.60. Public Bank gained one sen to RM4.27 while IHH Healthcare was flat at RM6.58. In active trade, NexG added half a sen to 48 sen, Nationgate went up by two sen to RM1.51, Green Ocean Corporation inched up one sen to 13.5 sen, Zetrix AI was 1.5 sen higher at 94.5 sen, and TWL remained unchanged at 2.5 sen. On the broader index board, the FBM Emas Index dropped 7.99 points to 11,468.09, the FBMT 100 Index slipped 6.30 points to 11,231.31, and the FBM Emas Shariah Index eased 3.44 points to 11,479.74. The FBM 70 Index narrowed 27.40 points to 16,661.0, while the FBM ACE Index inched down four points to 4,583.62. By sector, the Financial Services Index declined 17.28 points to 17,485.37, the Energy Index edged down 0.93 of a point to 737.99, and the Plantation Index improved 13.63 points to 7,432.05. The Industrial Products and Services Index shaved 0.02 of a point to 153.37.
The Star
4 hours ago
- Business
- The Star
Malaysian stocks slip as US inflation weighs on sentiment
KUALA LUMPUR: The US inflation print proved higher than ideal for investors, triggering a sell-down in US equities, the impact of which was seen trickling down to the Malaysian market today. Following the previous day's slump from the overarching bearishness caused by the US tariffs saga, the FBM KLCI continued to slip in Wednesday morning trade, losing 1.63 points to 1,529.69. Malaysian investors are expected to remain on the sidelines as they await for more insights into the health of the world's largest economy, said TA Securites in its commentary. In the pipeline this week are more US economic indicators and a flurry of earnings reports from major corporations. Malacca Securities said it was bullish on semiconductor-related stocks following recent global trade developments. "We believe the overall situation may favour the technology stocks with the resumption of chip sales in China and the technology sector on the local front may see decent buying interest," it said in a note. Meanwhile, the research firm reiterated a favourable view on Wentel Engineering due to the potential for greater demand for the security screening industry after the implementation of certain US trade policies, as well as real estate investment trusts for the recent overnight policy rate cut by Bank Negara. The consumer sector could also benefit from downtrading activities due to sticky inflationary pressure, it added. On the Malaysian market today, NexG led the actives, rising one sen to 48.5 sen. Runner-up TWL was flat at 2.5 sen. Third most-traded today was NationGate, which is the subject of a Malaysian Anti-Corruption Commission investigation, rebounding four sen to RM1.53.
Barnama
4 hours ago
- Business
- Barnama
Bursa Malaysia Still In Negative Territory At Mid-Morning
KUALA LUMPUR, July 16 (Bernama) -- Bursa Malaysia remained in negative territory at mid-morning, dragged down by persistent selling in selected heavyweight counters, led by the financial sector. At 11 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 4.17 points to 1,521.23 from Tuesday's close of 1,525.40. The benchmark index opened 1.63 points lower at 1,523.77. Market breadth was negative, with 477 decliners outpacing 269 advancers, while 391 counters were unchanged, 1,308 untraded, and eight suspended. Turnover stood at 1.55 billion shares worth RM685.25 million. Among the heavyweights, Maybank fell five sen to RM9.60, CIMB lost four sen to RM6.59, and Public Bank slipped two sen to RM4.24. However, SD Guthrie gained four sen to RM4.79, and Axiata went up three sen to RM2.53. In active trade, NexG and Nationgate rose one sen each to 48.5 sen and RM1.50, respectively, Zetrix AI improved two sen to 95 sen, Green Ocean added half-a-sen to 13 sen, while TWL was flat at 2.5 sen. On the broader index board, the FBM Emas Index slid 36.02 points to 11,440.06, the FBMT 100 Index sank 36.35 points to 11,201.26, and the FBM Emas Shariah Index declined 24.14 points to 11,459.04. The FBM 70 Index dropped 78.52 points to 16,6009.88, while the FBM ACE Index eased 8.31 points to 4,579.31. By sector, the Industrial Products and Services Index inched down 0.31 of a point to 153.08, the Financial Services Index dipped 94.35 points to 17,408.30, the Plantation Index reduced 9.13 points to 7,409.29, and the Energy Index trimmed 1.08 points to 737.84.
The Sun
5 hours ago
- Business
- The Sun
Bursa Malaysia flat in early trade after downbeat Wall St performance
KUALA LUMPUR: Bursa Malaysia made a flat start on Wednesday, following the downbeat performance on Wall Street overnight. At 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) inched down 0.29 of a point, or 0.02 per cent, to 1,525.11 from Tuesday's close of 1,525.40. The benchmark index opened 1.63 points lower at 1,523.77. The market breadth was weaker, with decliners outnumbering gainers 178 to 108, while 282 counters were unchanged, 1,877 untraded, and eight suspended. Turnover stood at 165.78 million shares worth RM85.02 million. Malacca Securities Sdn Bhd said Wall Street's initial rally faded as hotter-than-expected inflation data failed to ease tariff concerns and increased bets that the US Federal Reserve will hold interest rates. 'Following Wall Street's downbeat performance, the local bourse could start on a weaker tone. However, we believe the overall situation may favour the technology stocks with the resumption of chip sales in China, and the technology sector on the local front may see decent buying interest,' it said in a note today. The brokerage firm also favours the real estate investment trusts sector on the back of the recent Bank Negara Malaysia overnight policy rate cut, 'while the consumer sector may benefit from downtrading activities as inflationary pressures remain sticky.' Among the heavyweight counters, Maybank fell one sen to RM9.64, Tenaga Nasional lost six sen to RM13.84, and CIMB was three sen lower at RM6.60. Public Bank gained one sen to RM4.27 while IHH Healthcare was flat at RM6.58. In active trade, NexG added half a sen to 48 sen, Nationgate went up by two sen to RM1.51, Green Ocean Corporation inched up one sen to 13.5 sen, Zetrix AI was 1.5 sen higher at 94.5 sen, and TWL remained unchanged at 2.5 sen. On the broader index board, the FBM Emas Index dropped 7.99 points to 11,468.09, the FBMT 100 Index slipped 6.30 points to 11,231.31, and the FBM Emas Shariah Index eased 3.44 points to 11,479.74. The FBM 70 Index narrowed 27.40 points to 16,661.0, while the FBM ACE Index inched down four points to 4,583.62. By sector, the Financial Services Index declined 17.28 points to 17,485.37, the Energy Index edged down 0.93 of a point to 737.99, and the Plantation Index improved 13.63 points to 7,432.05. The Industrial Products and Services Index shaved 0.02 of a point to 153.37. - Bernama
