Latest news with #FTSEBursaMalaysiaKLCI
New Straits Times
4 hours ago
- Business
- New Straits Times
Bursa Malaysia extends losing streak, tracking Wall Street decline
KUALA LUMPUR: Bursa Malaysia continued its downward trend for a third straight session, tracking losses on Wall Street. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) dropped 13.90 points, or 0.91 per cent, to close at 1,511.50, down from Tuesday's finish of 1,525.40. Market sentiment remained weak, with 722 declining counters outpacing 334 gainers, while 438 stocks were unchanged. UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said telecommunications stocks were the top performers among FBM KLCI components, whereas consumer discretionary counters were the most affected by the sell-off. He added that despite recent domestic interest rate cuts, all sector indices on Bursa Malaysia ended in negative territory, signalling a cautious outlook across the broader market. "Adding to the subdued tone, Indonesia's successful negotiation of a 19 per cent tariff rate with the United States further dampened sentiment, as Malaysia awaits clarity on its own tariff status, currently set at 25 per cent. "This development highlights Malaysia's diminishing competitive edge in regional trade, particularly against Vietnam and Indonesia," he added.
New Straits Times
10 hours ago
- Business
- New Straits Times
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.
Barnama
12 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
13 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
New Straits Times
13 hours ago
- Business
- New Straits Times
Bursa Malaysia 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 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.
