Latest news with #KualaLumpurKepong
The Star
28-05-2025
- Business
- The Star
Last-minute selling pushes FBM KLCI to intraday low
KUALA LUMPUR: Last-minute selling pushed the FBM KLCI lower on Wednesday, after spending the day vacillating between gains and losses. At 5pm, the benchmark index closed down 2.68 points, or 0.18% to 1,523.48, its intraday low. There were 435 gainers against 474 decliners while 499 counters unchanged. About 2.5 billion shares, valued at RM2.04bil, changed hands. Dealers said the spate of lacklustre corporate results has dampened market sentiment, causing more investors to stay on the sidelines. They added that this cautious mood is likely to persist, limiting market momentum. Among the decliners, Nestle fell 50 sen to RM81, Kuala Lumpur Kepong lost 46 sen to RM19.90, Dutch Lady eased 30 sen to RM29 and MBM Resources declined 20 sen to RM5.36. Sunway Construction rose 49 sen to RM5.95, PETRONAS Dagangan added 40 sen to RM20.20, Hong Leong Industries climbed 22 sen to RM14 and Carlsberg gained 20 sen to RM19.50. Among the banks, Maybank declined one sen to RM9.84, CIMB eased three sen to RM6.87, Public Bank fell five sen to RM4.33, RHB Bank lost 18 sen to RM6.67, while Hong Leong Bank rose two sen to RM19.90. According to Bursa Malaysia data, foreign investors continued to sell local equities, disposing of RM170mil on Tuesday, while local institutions and retailers bought equities worth RM120mil and RM50mil, respectively. Meanwhile, the local currency rose 0.17% against the US dollar to 4.2315, gained 0.23% versus the Singapore dollar at 3.2853, and strengthened 0.54% against the pound sterling to 5.7110. Asian bourses closed mixed today, with Japan's Nikkei 225 down 0.004%, South Korea's Kospi up 1.25%, Hong Kong's Hang Seng down 0.53%, and China's CSI 300 Index falling 0.08%.
The Star
08-05-2025
- Business
- The Star
FBM KLCI drifts slighly lower in anticipation of OPR decision
KUALA LUMPUR: The blue-chip FBM KLCI idled below the 1,550 resistance as it awaited the central bank's policy decision later in the day. The benchmark index dropped 2.97 points to 1,546.93 as investors sat by the sidelines even as regional markets climbed as Trump suggested he had struck his first trade deal amid the ongoing tariffs war. There were an equal number of advancing issues to declining - with 413 stocks on each side of the ledger- as the market kept to a holding position. Volume was 2.18 billion shares changing hands for RM1.33bil. Blue chips that were dragging on the main index included Nestle down 38 sen to RM87.06, Kuala Lumpur Kepong down 32 sen to RM19.60 and PPB dropping 16 sen to RM12.10. Asian markets rose on Thursday, alongside US futures, in anticipation of details over Trumps' trade deal, which the New York Times claims was made with Britain. Japan's Nikei rose 0.35% to 36,909 while China's composite index added 0.38% to 3,355. Hong Kong's Hang Seng climbed 1.1% to 22,941. Singapore's Straits Times rose 0.2% to 3,873.
The Star
05-05-2025
- Business
- The Star
FBM KLCI makes a midday reversal as investors take profit
KUALA LUMPUR: After a promising start, the domestic market succumbed to profit-taking although losses remained capped by the prospect of the US and China finding an end to the current tariffs impasse. The FBM KLCI dropped 7.05 points to 1,535.44, but remained perched atop five-week highs. The overall market was also seen retreating at a ratio of 2.13-to-1, which suggested a broad-based pullback after recent gains. Volume was 1.47 billion shares changing hands at RM1.09bil. In regional markets, Hong Kong's Hang Seng jumped 1.74% to 22,504. Shanghai's composite index slipped 0.23% to 3,279. In Japan, the Nikkei rose 1.04% to 36,830 and Singapore's Straits Times index was up 0.1% to 3,849. On the blue-chip index, MISC slid 33 sen to RM7.18, Kuala Lumpur Kepong fell 28 sen to 19.58 and PETRONAS Dagangan dropped 26 sen to RM19.24. Other notable laggards included LPI Capital, slumping 22 sen to RM14.02, and SAM Engineering osing 19 sen ot RM3.42. Of actives, ACE Market debutant West River shed 1.5 sen to 37.5 sen. National gate dove six sen to RM1.46 and SFP Tech rose 1.5 sen to 23.5 sen. Trading ideas: CIMB, SunREIT, PLB, Capital A, GenM, MN, TCS, Exsim, OB, Sentoria, Farm price, Jentayu, Ramssol
The Star
29-04-2025
- Business
- The Star
FBM KLCI slips as investors take profits; ringgit climbs to six-month high
KUALA LUMPUR: Investors paused for breath and took profits following recent gains, while the ringgit strengthened against the US dollar. The market barometer, FBM KLCI, fell 6.03 points or 0.4% to 1,515.56 — its intraday low after reaching a high of 1,524.50 earlier. In the broader market, decliners outnumbered gainers, with 506 counters closing lower, 405 ending higher, and 450 unchanged. Turnover stood at 3.044 billion shares worth RM1.81bil. The ringgit, which has gained about 3.4% so far this year, rose 0.9% to 4.3250 against the greenback, marking its highest level in nearly six months. The ringgit advanced 0.45% against the Singapore dollar to 3.3070, gained 0.54% against the euro at 4.9265, and rose 0.37% against the pound sterling to 5.8014. Among the losers on Bursa Malaysia, PETRONAS Gas slid 42 sen to RM16.82, Kuala Lumpur Kepong fell 28 sen to RM19.50, F&N lost 24 sen to RM26.22 and LPI declined 22 sen to RM14.14. Nestle surged RM3.84 to RM84.22, Malaysian Pacific Industries jumped 86 sen to RM18.66, PETRONAS Dagangan added 22 sen to RM19.20 and United Plantations rose 18 sen to RM22.68. Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.45%. Japan's Nikkei 225 ended up 0.38% at 35,839.99, while South Korea's Kospi rose 0.65% higher at 2,565.42. Hong Kong's Hang Seng index closed up 0.16% at 22,008.11. China's blue-chip CSI 300 index ended down 0.17% at 3,775.08, while the Shanghai Composite Index declined 0.05% to 3,286.65.
The Star
22-04-2025
- Business
- The Star
FBM KLCI pressured as flight from US assets unsettle markets
KUALA LUMPUR: The losses in Malaysia's benchmark index widened over the early session, erasing nearly all the gains it made in last Friday's session. At 12.30pm, the FBM KLCI was down 13.93 points to 1,485.54, affirming that investors were not yet ready to breach the 1,500 psychological resistance in light of the volatility in the investment landscape. The broader market pulled back with declining issues outnumbering advancers to a lopsided ratio of 3.430-to-1. Leading decliners were Kuala Lumpur Kepong down 32 sen to RM19.60, PETRONAS Dagangan dropping 26 sen to RM19.24 and MPI shedding 22 sen to RM14.88. Trading volume, however, remained slight with 2.13 billion shares transacted for RM858.31mil. Wall Street's reopening after an extended holiday weekend served to reignite the selling pressure in global markets as Trump accelerated his attack on the Federal Reserve. Japan's Nikkei shed 0.27% to 34,186. China's market remained firm with the Shanghai composite index rising 0.31% to 3,301 and Hong Kong's Hang Seng flat at 21,387. Singapore's Straits Times index rose 1.22% to 3,805. Trading ideas: CIMB, PMM, Astino, Cahya Mata, WCE, Salcon, GDB, Ho Hup, MMHE, HHRG, Paradigm-REIT, KIP-REIT
