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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.
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.
The Star
6 days ago
- Business
- The Star
Modest rebound seen for Bursa this week due to selective bargain hunting as Malaysia play host to Asean Summit
KUALA LUMPUR (Bernama: The FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to see a modest rebound this week on continued bargain hunting after recent losses as Malaysia play host to the Asean Summit. Mohd Sedek Jantan, UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research, said the recovery would likely be limited, driven by domestically focused sectors that stand to benefit from consumption-led growth and ongoing fiscal support. "However, in the absence of a fresh macro or policy catalyst, upside momentum may prove limited near the psychological resistance level of 1,555. Beyond this threshold, trading activity may taper as market participants reassess valuations and risk-reward dynamics," he told Bernama. For the week just ended, Bursa Malaysia rebounded from its six-day losing streak on Friday as bargain-hunting emerged to improve risk sentiment. On a Friday-to-Friday basis, the barometer index fell 36.37 points to 1,535.38 from 1,571.75 a week earlier. The FBM Emas Index dipped 271.99 points to 11,474.05, the FBMT 100 Index slipped 239.6 points to 11,233.10, and the FBM Emas Shariah Index declined 247.96 points to 11,426.22. The FBM 70 Index lost 352.15 points to 16,350.26, and the FBM ACE Index fell 149.92 points to 4,615.94. Across sectors, the Financial Services Index lost 385.07 points to 18,102.58, the Industrial Products and Services Index was 5.64 points easier at 154.04, and the Energy Index shed 18.61 points to 710.77. The Plantation Index shrank 55.28 points to 7,330.3, and the Healthcare Index gained 46.45 points to 1,833.89. Turnover eased to 14.05 billion units valued at RM11.28 billion from 14.98 billion units valued at RM12.68 billion in the preceding week. The Main Market volume fell to 7.14 billion units worth RM10.06 billion against 7.46 billion units worth RM11.37 billion. Warrant turnover was lower at 5.13 billion units worth RM645.54 million against 5.59 billion units worth RM703.66 million a week ago. The ACE Market volume narrowed to 1.78 billion units valued at RM563.52 million from 1.93 billion units valued at RM601.97 million. - Bernama
New Straits Times
18-05-2025
- Business
- New Straits Times
Bursa Malaysia likely to see volatile trading amid positive outlook next week
KUALA LUMPUR: Bursa Malaysia is expected to see some volatile trading next week, albeit market optimism is supported by improving global sentiment, a dealer said. UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said the FTSE Bursa Malaysia KLCI (FBM KLCI) remains in a constructive outlook in near-term trajectory. He said the optimism is supported by easing United States (US)-China trade tensions, rising foreign inflows into Malaysian assets, and a strengthening ringgit. "That said, investors should also be prepared for heightened volatility next week as central banks in Australia, China and Indonesia are set to announce monetary policy decisions. "The benchmark index has broken through the 1,555 resistance level -- last tested in March amid heightened US tariff speculations -- and briefly touched 1,586 on May 15, setting the stage for a potential move toward the 1,600 psychological threshold," he told Bernama. On Friday, Bank Negara Malaysia announced that the Malaysian economy expanded by 4.4 per cent in the first quarter of 2025 (1Q 2025) against 4.2 per cent in 1Q 2024, driven by sustained household spending supported by favourable labour market conditions and government policies. Meanwhile, Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng noted that investors attention will also focus on a slew of economic data such as the eurozone core consumer price index (CPI), China's industrial production figures and updates from US Federal Open Market Committee. "We expect the benchmark index to stay range-bound for the coming week, awaiting fresh catalysts," he added. On a Friday-to-Friday basis, the barometer index increased 25.25 points to 1,571.75 from 1,546.50 a week earlier. The FBM Emas Index climbed 256.66 points to 11,746.04, the FBMT 100 Index advanced 215.46 points to 11,472.70, the FBM Emas Shariah Index garnered 283.83 points to 11,674.18, the FBM 70 Index surged 427.87 points to 16,702.41, and the FBM ACE Index rose 116.66 points to 4,765.86. Across sectors, the Financial Services Index bagged 246.70 points to 18,487.65, the Industrial Products and Services Index added 7.39 points to 159.68, the Energy Index added 34.41 points to 729.38, the Plantation Index gained 101.82 points to 7,385.59. However, the Healthcare Index slid 62.08 points to 1,880.34. Turnover improved to 14.98 billion units valued at RM12.68 billion from 14.27 billion units valued at RM11 billion in the preceding week. The Main Market volume expanded to 7.46 billion units worth RM11.37 billion against 6.95 billion units worth RM10.36 billion previously. Warrants turnover was higher at 5.59 billion units worth RM703.66 million versus 5.38 billion units worth RM724.18 million a week ago. The ACE Market volume narrowed to 1.93 billion units valued at RM601.97 million from 1.95 billion units valued at RM499.42 million previously.
