Latest news with #FTSEBursaMalaysiaKLCI
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.
Malaysian Reserve
17 hours ago
- Business
- Malaysian Reserve
Bursa Malaysia ends on weak note amid subdued regional sentiment
KUALA LUMPUR — Bursa Malaysia failed to sustain earlier gains and ended the week on a weaker note, weighed down by continued selling pressure in heavyweight and midcap stocks amid downbeat regional sentiment. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 10.63 points, or 0.70 per cent, to 1,508.35 from Thursday's close of 1,518.98. The benchmark index opened 2.24 points higher at 1,521.22, and subsequently hit the day's high of 1,522.06 in early trade before losing its steady momentum to close at its intraday low. On the broader market, decliners outnumbered gainers 616 to 336, while 417 counters were unchanged, 1,025 untraded and 86 suspended. Turnover fell to 3.21 billion units worth RM5.04 billion compared with Thursday's 3.30 billion units worth RM2.22 billion. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said regional markets slipped after US Treasury Secretary Scott Bessent announced that trade talks with China had hit a standstill, reducing confidence in a long-term reduction in tariffs. 'Investors are closely monitoring the situation, as further developments in US-China trade relations could significantly impact global markets. 'We believe with geopolitical tensions and economic data offer little reassurance; Asian markets may remain volatile in the near term,' he told Bernama. Meanwhile, UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan noted that despite a firmer overnight lead from Wall Street, the FBM KLCI failed to sustain its early gains, weighed down by continued foreign fund outflows and persistent macroeconomic and political uncertainties. 'The index has now erased much of its earlier momentum, sending the one-month return to -2.0 per cent and hovering just above the key psychological threshold of 1,500. 'As of yesterday, foreign investors had extended their net selling streak to 10 consecutive sessions,' he added. He said investor sentiment remains cautious as markets assess recent developments in government leadership and their implications for policy continuity and Malaysia's broader economic trajectory. On the global front, Mohd Sedek said uncertainty surrounding US trade policy continues to cloud market visibility. He 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. 'While the legal process unfolds, businesses and markets are left navigating a more complex and uncertain global trade landscape,' he added. Among heavyweights, Maybank shed nine sen to RM9.78, Tenaga Nasional slipped eight sen to RM14.00, and IHH Healthcare eased one sen to RM6.90. CIMB was five sen higher at RM6.93 while Public Bank was flat at RM4.31. In active trade, KPJ Healthcare lost 24 sen to RM2.72, Velesto inched down half-a-sen to 18 sen, Tanco fell four sen to RM1, while Eco-Shop and NationGate gained seven sen each to RM1.26 and RM1.51, respectively. On the index board, the FBM Emas Index tumbled 82.53 points to 11,299.80, the FBM ACE Index fell 41.13 points to 4,551.03, but the FBMT 100 Index slid 81.02 points to 11,061.00. The FBM Emas Shariah Index lost 109.57 points to 11,256.26 and the FBM 70 Index sank 130.80 points to 16,201.51. By sector, the Financial Services Index slipped 53.03 points to 17,840.54, the Industrial Products and Services Index edged down 0.37 of-a-point to 152.65, the Energy Index eased 0.14 of-a-point to 708.04, while the Plantation Index dipped 86.10 points to 7,207.85. The Main Market volume improved to 1.88 billion units valued at RM4.82 billion against Thursday's 1.56 billion units valued at RM1.93 billion. Warrants turnover declined to 1.00 billion units worth RM111.49 million from 1.37 billion units worth RM164.04 million previously. The ACE Market volume dwindled to 318.43 million shares worth RM107.68 million from 364.60 million shares worth RM120.88 million yesterday. Consumer products and services counters accounted for 354.31 million shares traded on the Main Market, industrial products and services (280.66 million), construction (110.97 million), technology (208.24 million), SPAC (nil), financial services (213.49 million), property (181.60 million), plantation (36.80 million), REITs (24.92 million), closed/fund (23,900), energy (139.78 million), healthcare (126.76 million), telecommunications and media (100.57 million), transportation and logistics (21.18 million), utilities (90.07 million), and business trusts (11,200). — BERNAMA
New Straits Times
17 hours ago
- Business
- New Straits Times
Malaysia's headline inflation unchanged at 1.4pc in April: BNM
Bernama KUALA LUMPUR: Malaysia's headline inflation remained unchanged at 1.4 per cent in April 2025, while core inflation edged up to two per cent from 1.9 per cent in March 2025, according to Bank Negara Malaysia (BNM). In its Monthly Highlights for April 2025, the central bank said the rise in core inflation was driven by price increases in core components, including mobile communication services, jewellery and watches, as well as air passenger transport. "These were partially offset by lower inflation for non-core items such as fuels and lubricants, as well as fresh vegetables, amid an easing cost environment," it said. BNM also reported that gross exports grew by 16.4 per cent from 6.8 per cent last month, mainly due to the continued strong expansion of electrical and electronics (E&E) exports, supported by a rebound in non-E&E and commodities exports. "Malaysia imports expanded by 20 per cent (March 2025: -2.9 per cent), amid a sharp growth of capital imports. However, intensified trade tensions are expected to weigh on exports and increase downside risks. "This will be partly cushioned by sustained global demand for E&E and Malaysia's integral role in the global supply chain," said BNM. The central bank noted that credit to the private non-financial sector grew by 5.5 per cent (March 2025: 5.5 per cent), supported by steady growth in outstanding loans (5.5 per cent; March 2025: 5.6 per cent) and higher growth in outstanding corporate bonds (5.5 per cent; March 2025: 5.3 per cent). "Growth in business loans moderated slightly to 4.6 per cent (March 2025: 4.8 per cent), reflecting slower loan growth, particularly in the services sector. "Notwithstanding, demand for business financing remained forthcoming across both small and medium enterprises (SMEs) and non-SMEs. Household loan growth remained steady at six per cent with continued growth across most loan purposes," it noted. BNM highlighted that the global financial conditions became more volatile following tariffs announcement by the United States (US) administration. "Global investor sentiment also turned cautious amid rising concerns over a more subdued US economy and its negative spillovers to the global economy. Amid these developments, the ringgit appreciated by 2.7 per cent against the US dollar. "The FTSE Bursa Malaysia KLCI rose by 1.8 per cent (regional average: 1.1 per cent), while the yield on 10-year Malaysian Government Securities (MGS) declined by 11.0 basis points (regional average: -14.7 bps), in line with movements of global bond yields. "This trend was largely driven by net foreign inflows into the bond market, amid heightened global risk aversion," it noted. Additionally, it said the banking system continued to show healthy liquidity buffers, with an aggregate liquidity coverage ratio of 155.8 per cent (March 2025 to 151.6 per cent). "The aggregate loan-to-fund ratio decreased slightly to 83.3 per cent (March 2025: 83.8 per cent) as the increase in total funds outpaced loan growth," said BNM. Malaysia's gross and net impaired loans ratios remained stable at 1.4 per cent and 0.9 per cent, respectively. "The loan loss coverage ratio (including regulatory reserves) remained prudent at 131.0 per cent of gross impaired loans, compared to 131.3 per cent in the previous month," it added.
New Straits Times
19 hours ago
- Business
- New Straits Times
Bursa Malaysia down 0.7pct amid persistent macroeconomic, political uncertainties
KUALA LUMPUR: Bursa Malaysia closed lower on Friday, as the local benchmark was unable to hold onto its early gains pressured by ongoing foreign fund outflows and persistent macroeconomic and political uncertainties. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 0.70 per cent, losing 10.63 points to 1,508.35 compared to its last close price of 1,518.98. The benchmark index started the day 2.24 points higher at 1,521.22 and reached an early peak of 1,522.06 before losing momentum and closing at its lowest point of the day. In the broader market, declining stocks outweighed advancing ones, with 616 losers compared to 336 gainers, while 417 counters remained unchanged. UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said the index had erased its earlier momentum, sending the one-month return to -2.0 per cent and hovering just above the key psychological threshold of 1,500. "The decline was broad-based, although selected banking and consumer stocks among the FBM KLCI constituents managed to stage modest rebounds following yesterday's drop. "However, the rebound was uneven and lacked the depth needed to anchor broader market stability," he adds. Sedek said he expects the FBMKLCI to trade in a narrow range in the absence of a clear catalyst. "Should the index fall below the 1,500 level, bargain hunting may emerge, especially in undervalued large-cap names. However, market sentiment is likely to remain cautious," he said.
