Latest news with #FBMSHA
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
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 Opens Cautiously Amid Global Trade Jitters, Tariff Tensions Weigh on Sentiment
Bursa Malaysia opened the week on a subdued note as persistent concerns over rising global trade tensions continued to weigh on investor confidence, with the benchmark FBM KLCI easing 0.78 points to 1,535.29 at 9.03am. The broader market was mixed, with the FBM 70 inching up 6.14 points to 16,767.49, while indices such as the F4GBM, FBMEMAS and FBMSHA all dipped slightly by 0.03%. Declines across the board reflected caution among investors bracing for the impact of the latest round of US tariff threats and inflation concerns. US President Donald Trump's recent announcement of 30% tariffs on imports from the European Union and Mexico, set to take effect 1 August, has injected fresh volatility into global markets. Investors are now closely watching for any retaliatory measures and the potential fallout on supply chains, especially for trade-reliant economies like Malaysia. Locally, trading was led by high-volume counters such as Zetrix, which slipped 0.005 sen to RM0.995 on 19.9 million shares traded. Meanwhile, A1AKK added 0.005 sen to RM0.250, Ecoshop gained 0.010 sen to RM1.280, and Jiankun rose 0.005 sen to RM0.030. With uncertainties surrounding global tariffs, investors are expected to tread cautiously, especially ahead of key economic data from China and US inflation prints due this week. Analysts warn that continued trade disruptions could weigh on Malaysia's export outlook and dampen risk appetite in the short term. Related
BusinessToday
25-06-2025
- Business
- BusinessToday
KLCI Kicks Off With A Climb As Bulls Take Charge
Bursa Malaysia opened on a positive note today, with the benchmark FBM KLCI climbing 8.84 points to 1,523.13 as of 9.18am, supported by gains across broader indices and steady investor sentiment. The FBM 70 advanced 134.88 points to 16,213.86 while the FBM Emas improved by 71.72 points to 11,359.75. The Shariah Index (FBMSHA) rose 70.65 points to 11,294.80, and the F4GBM ESG Index gained 5.83 points to 918.42, reflecting broad-based optimism in the market. Among the most actively traded stocks, Nexgram Holdings led the volume chart, rising 1 sen to 36.5 sen on 147.2 million shares traded. Magma Group followed, gaining 1 sen to 48.5 sen with 61.8 million units changing hands. Meanwhile, RL slipped 2 sen to 29 sen, and CKI fell 3 sen to RM1.05. MYEG edged up half a sen to 92.5 sen. The market sentiment appeared buoyant, with more advancers than decliners at the opening bell, in line with regional peers and improved overnight cues from global markets. Related
