Latest news with #MalaccaSecuritiesSdnBhd


New Straits Times
16 hours ago
- Business
- New Straits Times
FBM KLCI ends morning session flat
KUALA LUMPUR: Bursa Malaysia's key index ended the morning trading session flat amid continued selling in selected heavyweights led by plantation and financial services counters, as well as losses in regional markets. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) inched up 0.67 of a point to 1,530.05 from Monday's close of 1,529.38. The benchmark index, which opened 0.20 of a point firmer at 1,529.58, moved in the range of 1,529.17 to 1,537.62 during the session. However, the broader market sentiment was bearish, with losers surpassing gainers 537 to 288, while 456 counters were unchanged, 1,240 untraded, and 44 suspended. Turnover stood at 2.25 billion units worth RM1.08 billion. Bursa Malaysia's performance tracked regional peers, with Hong Kong's Hang Seng losing 0.95 per cent to 25,319.39, Singapore's Straits Times Index falling 0.41 per cent to 4,223.90, and Japan's Nikkei 225 slipping 0.88 per cent to 40,637.48. South Korea's Kospi, however, gained 0.42 per cent to 3,209.52. In a note today, Malacca Securities Sdn Bhd said market participants could be adopting a "wait-and-see" approach following a weaker Wall Street performance overnight. "Wall Street trended sideways, despite recent de-escalation in the trade war, with the United States (US) and European Union (EU) capping tariffs at 15 per cent," it said in a note. IOI Corporation lost 11 per cent to RM3.75, CIMB fell five sen to RM6.70 and Public Bank shed two sen to RM4.23, while Petronas Chemicals gained 17 sen to RM3.78 and Press Metal Aluminium grew 13 sen to RM5.48. Among the heavyweights, Tenaga Nasional and IHH Healthcare advanced two sen each to RM13.38 and RM6.68 respectively, while Maybank was flat at RM9.54. As for the actives, ACE debutant Oxford Innotech increased 9.5 sen to 38.5 sen, Zetrix AI climbed 2.5 sen to 86 sen and NexG remained unchanged at 53 sen, while Focus Dynamics dropped half-a-sen to 0.5 sen and Ekovest was 5.5 sen lower at 38.5 sen. Among the top gainers, Malaysian Pacific Industries garnered 22 sen to RM19.50, Petronas Dagangan went up 18 sen to RM21.62 and Hong Leong Bank rose 10 sen to RM19.24. Of the top losers, Nestle fell 70 sen to RM87.30 and Fraser and Neave slid 52 sen to RM28.48. Across the broader market, the FBM Emas Index trimmed 4.64 points to 11,467.56, the FBMT 100 Index inched down 0.49 of a point to 11,231.96, and the FBM ACE Index retreated 22.86 points to 4,613.74. However, the FBM Emas Shariah Index rose 9.99 points to 11,500.03 and the FBM 70 Index notched up 24.33 points to 16,506.08. Sector-wise, the Industrial Products and Services Index was 1.94 points higher at 159.33, while the Financial Services Index reduced 24.31 points to 17,384.06, the Energy Index shrank 2.52 points to 738.27, and the Plantation Index erased 58.52 points to 7,404.71.


Malay Mail
5 days ago
- Business
- Malay Mail
Bursa slips 0.73pc at midday as investors trim positions ahead of weekend
KUALA LUMPUR, July 25 — Bursa Malaysia finished the morning session in the red, losing 0.73 per cent as cautious sentiment prompted portfolio adjustment ahead of the weekend. At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gave up 11.23 points to 1,529.09, compared to yesterday's close of 1,540.32. The benchmark index opened 1.60 points lower at 1,538.66 and moved between 1,525.98 to 1,539.82 throughout the morning session. Broader market sentiment was bearish, with losers edging past gainers 569 to 270, while 405 counters were unchanged, 1,282 untraded, and 44 suspended. Turnover stood at 2.02 billion units worth RM1.09 billion. In a research note, Malacca Securities Sdn Bhd observed a developing uptrend in select sectors, particularly those linked to utilities and data centre infrastructure. The brokerage also said investors may consider accumulating banking stocks for long-term positions, despite the recent overnight policy rate (OPR) cut, noting that the Bursa Malaysia Finance Index has retreated approximately 10 per cent from its year-to-date high. It identified Malayan Banking Bhd, AMMB Holdings Bhd, and RHB Bank Bhd as attractive picks due to their solid dividend yields. On the consumer front, Malacca Securities added that RM100 cash handouts and price controls on tolls and RON95 fuel are likely to boost short-term consumer spending, potentially benefiting retail-focused counters such as 99 SpeedMart, Ecoshop, and MR DIY. Among the heavyweights, Maybank down eight sen to RM9.55, Public Bank erased three sen to RM4.28, Tenaga Nasional declined 46 sen to RM13.80, CIMB rose four sen to RM6.74, IHH Healthcare and CelcomDigi were one sen better at RM6.60 and RM3.84, respectively. As for the actives, NexG and Velesto added one sen each to 52.5 sen and 19 sen, respectively. Lotte Chemical eased half a sen to 70 sen, while Zetrix and Focus Dynamics were flat at 91.5 sen and one sen, respectively. Across the broader market, the FBM Emas Index dropped 68.58 points to 11,482.59, the FBMT 100 Index slipped 69.61 points to 11,244.95, and the FBM Emas Shariah Index declined 79.25 points to 11,244.95. The FBM 70 Index eased 46.06 points to 16,612.81, while the FBM ACE Index shed 18.58 points to 4,623.93. By sector, the Financial Services Index fell 58.67 points to 17,446.91, the Plantation Index lost 54.85 points to 7,415.11, and the Industrial Products and Services Index was 1.32 points lower at 156.84. The Energy Index, however, rose 3.05 points to 741.73. — Bernama


The Star
5 days ago
- Business
- The Star
Bursa slips 0.73% at midday as investors trim positions ahead of weekend
KUALA LUMPUR: Bursa Malaysia finished the morning session in the red, losing 0.73 per cent as cautious sentiment prompted portfolio adjustment ahead of the weekend. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gave up 11.23 points to 1,529.09, compared to yesterday's close of 1,540.32. The benchmark index opened 1.60 points lower at 1,538.66 and moved between 1,525.98 to 1,539.82 throughout the morning session. Broader market sentiment was bearish, with losers edging past gainers 569 to 270, while 405 counters were unchanged, 1,282 untraded, and 44 suspended. Turnover stood at 2.02 billion units worth RM1.09 billion. In a research note, Malacca Securities Sdn Bhd observed a developing uptrend in select sectors, particularly those linked to utilities and data centre infrastructure. The brokerage also said investors may consider accumulating banking stocks for long-term positions, despite the recent overnight policy rate (OPR) cut, noting that the Bursa Malaysia Finance Index has retreated approximately 10 per cent from its year-to-date high. It identified Malayan Banking Bhd , AMMB Holdings Bhd , and RHB Bank Bhd as attractive picks due to their solid dividend yields. On the consumer front, Malacca Securities added that RM100 cash handouts and price controls on tolls and RON95 fuel are likely to boost short-term consumer spending, potentially benefiting retail-focused counters such as 99 SpeedMart, Ecoshop, and MR DIY. Among the heavyweights, Maybank down eight sen to RM9.55, Public Bank erased three sen to RM4.28, Tenaga Nasional declined 46 sen to RM13.80, CIMB rose four sen to RM6.74, IHH Healthcare and CelcomDigi were one sen better at RM6.60 and RM3.84, respectively. As for the actives, NexG and Velesto added one sen each to 52.5 sen and 19 sen, respectively. Lotte Chemical eased half a sen to 70 sen, while Zetrix and Focus Dynamics were flat at 91.5 sen and one sen, respectively. Across the broader market, the FBM Emas Index dropped 68.58 points to 11,482.59, the FBMT 100 Index slipped 69.61 points to 11,244.95, and the FBM Emas Shariah Index declined 79.25 points to 11,244.95. The FBM 70 Index eased 46.06 points to 16,612.81, while the FBM ACE Index shed 18.58 points to 4,623.93. By sector, the Financial Services Index fell 58.67 points to 17,446.91, the Plantation Index lost 54.85 points to 7,415.11, and the Industrial Products and Services Index was 1.32 points lower at 156.84. The Energy Index, however, rose 3.05 points to 741.73. - Bernama

Barnama
6 days ago
- Business
- Barnama
Utilities And Consumer Stocks Lift Bursa Malaysia Higher At Mid-day
WORLD KUALA LUMPUR, July 24 (Bernama) -- Bursa Malaysia ended the morning session on a firmer note as positive sentiment persisted on the local bourse, supported by gains in utilities as well as consumer products and services stocks. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 2.97 points to 1,532.76, compared to Wednesday's close of 1,529.79. The index opened 1.26 points higher at 1,531.05 and moved within a narrow range of 1,529.71 to 1,533.08 throughout the session. However, broader market sentiment turned slightly bearish, with losers edging past gainers 418 to 402, while 458 counters were unchanged, 1,238 untraded, and seven suspended. Turnover stood at 1.92 billion units worth RM1.05 billion. In a research note, Malacca Securities Sdn Bhd said market optimism was fuelled by Prime Minister Datuk Seri Anwar Ibrahim's announcement to lower the RON95 retail price to RM1.99 per litre effective end-September, coupled with RM100 cash handouts, which led to the higher market performance today. 'The cash assistance is also expected to benefit the consumer sector, with counters like EcoShop and 99 SpeedMart experiencing breakouts following the announcement. 'We continue to favour the construction and utilities sectors amid the ongoing data centre boom, and real estate investment trusts given Bank Negara Malaysia's overnight policy rate (OPR) reduction and their defensive nature,' it said. Gainers among heavyweight utilities and consumer products and services stocks included YTL Corporation, which added six sen to RM2.49. Nestle was up RM2.36 to RM79.26, Petronas Gas rose 22 sen to RM17.90, and Petronas Dagangan gained 40 sen to RM21.40.


The Star
6 days ago
- Business
- The Star
Utilities, consumer stocks lift Bursa Malaysia higher at midday
KUALA LUMPUR: Bursa Malaysia ended the morning session on a firmer note as positive sentiment persisted on the local bourse, supported by gains in utilities as well as consumer products and services stocks. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 2.97 points to 1,532.76, compared to Wednesday's close of 1,529.79. The index opened 1.26 points higher at 1,531.05 and moved within a narrow range of 1,529.71 to 1,533.08 throughout the session. However, broader market sentiment turned slightly bearish, with losers edging past gainers 418 to 402, while 458 counters were unchanged, 1,238 untraded, and seven suspended. Turnover stood at 1.92 billion units worth RM1.05 billion. In a research note, Malacca Securities Sdn Bhd said market optimism was fuelled by Prime Minister Datuk Seri Anwar Ibrahim's announcement to lower the RON95 retail price to RM1.99 per litre effective end-September, coupled with RM100 cash handouts, which led to the higher market performance today. "The cash assistance is also expected to benefit the consumer sector, with counters like EcoShop and 99 SpeedMart experiencing breakouts following the announcement. "We continue to favour the construction and utilities sectors amid the ongoing data centre boom, and real estate investment trusts given Bank Negara Malaysia's overnight policy rate (OPR) reduction and their defensive nature,' it said. Gainers among heavyweight utilities and consumer products and services stocks included YTL Corporation, which added six sen to RM2.49. Nestle was up RM2.36 to RM79.26, Petronas Gas rose 22 sen to RM17.90, and Petronas Dagangan gained 40 sen to RM21.40. Among the heavyweights, Maybank erased one sen to RM9.58, Public Bank was flat at RM4.29, Tenaga Nasional lost two sen to RM13.92 while CIMB and IHH Healthcare accumulated two sen each to RM6.69 and RM6.64, respectively. As for the actives, NexG was flat at 52 sen, Zetrix erased 2.5 sen to 92 sen, Dagang Nexchange advanced one sen to 29.5 sen, Tan Chong erased three sen to 90.5 sen while Tanco removed half-a-sen to 92 sen On the broader index board, the FBM Emas Index was 13.55 points higher at 11,508.09, the FBMT 100 Index rose 15.59 points to 11,269.75, and the FBM Emas Shariah Index was up 16.78 points to 11,533.27. The FBM 70 Index was down 4.32 points to 16,639.77 while the FBM ACE Index erased 16.46 points to 4,648.59. Sector-wise, the Financial Services Index put on 4.81 points to 17,435.06, the Plantation Index ticked up 30.99 points to 7,442.43.37, but the Energy Index slipped 3.25 points to 739.93 and the Industrial Products and Services Index trimmed 0.07 of a point to 155.360. - Bernama