Latest news with #MalaccaSecuritiesSdnBhd
The Sun
18 hours ago
- Business
- The Sun
Bursa Malaysia stays lower in mid-afternoon
KUALA LUMPUR: Bursa Malaysia stayed lower in mid-afternoon today as investors sold selected heavyweight stocks, led by industrial products and services, ahead of the weekend, analysts said. At 3.05 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) dipped 2.26 points to 1,515.86 from Thursday's close of 1,518.12. The benchmark index opened at 1,516.91, down 1.21 points. The broader market remained negative, with decliners outnumbering gainers 508 to 247. A total of 440 counters remained unchanged, 1,151 untraded and 20 suspended. Turnover stood at 1.31 billion units, valued at RM890.93 million. Malacca Securities Sdn Bhd said technically, the benchmark index's resistance is anticipated at around 1,533-1,538 and support at 1,498-1,503 today. Of the heavyweights, Petronas Chemicals lost 11 sen to RM3.25, Petronas Dagangan fell by 24 sen to RM20.90, and Press Metal Aluminium eased 4.0 sen to RM4.99. CelcomDigi slipped 3.0 sen to RM3.84, and CIMB was down 5.0 sen to RM6.82. Among the most active stocks, Tanco added 2.0 sen to RM1.02, MYEG eased half-a-sen to 92.5 sen, and Reservoir Link Energy was flat at 35.5 sen. Gamuda rose 2.0 sen to RM4.76, and Signature Alliance Group gained 1.5 sen to 71.5 sen. On the index board, the FBM Emas Index lost 14.80 points to 11,348.03, the FBMT 100 Index cut 11.16 points to 11,117.20, and the FBM ACE Index erased 25.64 points to 4,492.50. The FBM Emas Shariah Index gave up 20.09 points to 11,320.65, but the FBM 70 Index gained 5.11 points to 16,288.42. Sector-wise, the Financial Services Index reduced 30.79 points to 17,708.78, and the Industrial Products and Services Index was 1.25 points lower at 150.87. However, the Energy Index rose 8.80 points to 717.41 and the Plantation Index grew 29.15 points to 7,248.53.
The Star
a day ago
- Business
- The Star
Oxford Innotech inks IPO deal
KUALA LUMPUR: Oxford Innotech Bhd has inked an underwriting agreement with Malacca Securities Sdn Bhd for its initial public offering (IPO) en route to its listing on the ACE Market of Bursa Malaysia. In a statement, the integrated engineering solutions provider said the IPO consists of a public issue of 143.5 million new shares and the sale of 50 million existing shares. 'Of the 143.5 million new shares, 35.5 million shares will be made available to the Malaysian public and 27 million shares to eligible directors, employees and persons who have contributed to the success of the group (pink form allocations).' Oxford Innotech is to be listed on the ACE Market by the third quarter of 2025. Malacca Securities serves as the principal adviser, sponsor, underwriter and placement agent, while Wyncorp Advisory Sdn Bhd is the corporate finance adviser for the IPO. — Bernama
New Straits Times
23-05-2025
- Business
- New Straits Times
Bursa Malaysia settles firmer at midday on interest in certain heavyweights
KUALA LUMPUR: Bursa Malaysia closed higher at midday amid mild buying interest seen especially in selected heavyweights. At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 7.35 points or 0.5 per cent to 1,534.37 from Thursday's close of 1,527.02. The benchmark index opened 4.91 points higher at 1,531.93 and fluctuated between 1,531.76 and 1,536.75 throughout the morning session. On the broader market, gainers led losers 395 to 372, while 455 counters were unchanged, 1,156 untraded and 41 suspended. Turnover stood at 1.56 billion shares valued at RM1.1 billion. Malacca Securities Sdn Bhd said the market may trade slightly positive today, tracking Wall Street's futures movement. With little progress in easing renewed US-China tensions, the firm expects US chip restrictions to cap any significant upside for technology stocks. "However, we see trading opportunities within the construction sector such as Sunway Construction Group Bhd, following a recent flag formation breakout, better-than-expected quarterly earnings, coupled with dara centre contract wins. "We also believe Inta Bina Group Bhd could continue to benefit from active land banking by developers like Gamuda. "Meanwhile, we are positive on selected stocks within renewable energy, consumer and telecommunication," it added.
The Star
22-05-2025
- Business
- The Star
Shares2U aims to boost retail investor participation
Representatives from Moomoo Securities Sdn Bhd ; Hong Leong Investment Bank Bhd; Maybank Investment Bank Bhd; Dato' Fad'l Mohamed; Malacca Securities Sdn Bhd; Kenanga Investment Bank Bhd; CGS International Securities Malaysia KUALA LUMPUR: With the intent of strengthening participation in the retail segment of Malaysia's capital market, Bursa Malaysia has launched an initiative called Shares2U. A securities transfer scheme, Shares2U will enable participating organisations to reward retail investors with eligible Bursa Malaysia listed shares as part of marketing campaigns. Bursa Malaysia chief executive officer Datuk Fad'l Mohamed said because retail investors were integral to the vibrancy and resilience of Malaysia's capital market, the stock exchange wanted to support them by offering accessible investment avenues and delivering comprehensive educational resources. The initiative was developed in response to the ever-evolving landscape of capital markets due to technological innovation and the shifts that it brought about. He said today's investors are younger and from digitally-native generations, thus they need more than just access, but rather value, personalisation and engaging experiences. According to Fad'l, the premise of Shares2U was designed to be simple. The seven participating organisation's currently are AmInvestment Bank Bhd, CGS International Securities Malaysia, Hong Leong Investment Bank Bhd, Kenanga Investment Bank Bhd , Malacca Securities Sdn Bhd, Maybank Investment Bank Bhd and Moomoo Securities Malaysia Sdn Bhd. These organisation's will leverage Shares2U in their upcoming marketing campaigns. 'The organisations can offer eligible Bursa Malaysia-listed securities as a form of reward for investor actions, for instance when they open a central depository system account, deposit funds or execute a trade,' he said during the initiative's launch yesterday. He added the impact would be broad for new, inactive or active investors, for the participating organisation's and the capital market as a whole. 'For new investors, Shares2U offers behavioural incentives to take their first step into investing, while for inactive users, this is a timely prompt to re-engage with the market. Then for the active users, Shares2U enables participating organisations to recognise their commitment and loyalty, ensuring that their investing experience is more rewarding and fulfilling,' he said. At the launch, Malacca Securities Sdn Bhd chief operating officer Dennis Jee Chin Che said that it was important to promote the local market while teaching financial literacy. Jee commended Bursa Malaysia for taking the initiative because it not only gives brokers the opportunities to collaborate, but also to encourage new investors to enter the market while teaching them on how to trade stocks. 'Even with all the uncertainty in the global markets due to the US-China trade tensions, and the situation in the United States, the local market is still vibrant. We're still tracking closely with what's happening globally,' he noted. From a broker's perspective, Jee said promoting education was equally important because of the changing landscape. 'If you look at our campaigns, one task that investors are required to complete is a course where basics are taught to newcomers. When done, we give them three stocks to trade, and using their knowledge and training, they can choose which stock has the best quality to invest in,' he explained. Jee said Malacca Securities would be launching its Shares2U activities in June, and he expects good feedback. 'We are hopeful that this initiative will help Bursa Malaysia to promote the local market and we hope to get the market excited again.'
Malaysian Reserve
22-05-2025
- Business
- Malaysian Reserve
Bursa Malaysia mirrors weaker Wall Street's performance at the opening
BURSA Malaysia opened lower on Thursday, mirroring a weaker Wall Street's performance overnight. At 9.03 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 4.99 points, or 0.32 per cent, to 1,539.81 from Wednesday's close of 1,544.80. The benchmark index had opened 3.34 points easier at 1,541.46. There were 280 decliners in the broader market and 52 gainers, while 199 counters were unchanged, 1,887 untraded, and seven suspended. Turnover stood at 116.88 million shares valued at RM52.17 million. Malacca Securities Sdn Bhd said that the overall local sentiment is expected to trade in a negative tone, tracking Wall Street's performance. It noted that trading opportunities may be seen in gold-related stocks, given the recent surge in gold prices amid global economic uncertainties. 'Despite the United States (US)-China tariff pause, pressure is mounting after the US warned that Huawei's Ascend chips would violate export controls, potentially capping upside for technology stocks. 'Nevertheless, we remain positive on domestic-driven construction stocks,' Malacca Securities said in a research note today. Among heavyweights, CelcomDigi, Hong Leong Bank and Press Metal were flat at RM3.90, RM20 and RM5.05, respectively, while Maybank eased 4.0 sen to RM9.96, Public Bank shed 6.0 sen to RM4.37, TNB slid 2.0 sen to RM4.08, and CIMB went down 1.0 sen to RM6.99. In active trade, Velesto, TA Win and SFP Tech were flat at 16.5 sen, 2.0 sen and 22 sen, respectively, while Harvest Capital and Alam Maritim gave up half-a-sen each to 18 sen and 3.0 sen, Perdana Petroleum shaved 1.5 sen to 16.5 sen, JCY International went down 2.0 sen to 33.5 sen and Sarawak Cable slipped half-a-sen to 2.5 sen. On the index board, the FBM Emas Index dwindled 50.22 points to 11,475.46, the FBMT 100 Index went down 46.94 points to 11,235.83, and the FBM ACE Index dipped 14.68 points to 4,611.37. The FBM Emas Shariah Index sank 46.51 points to 11,399.14, and the FBM 70 Index lost 109.62 points to 16,236.28. Across sectors, the Financial Services Index shed 77.94 points to 18,137.93, the Industrial Products and Services Index edged down 0.60 of-a-point to 154.45, the Energy Index was 6.35 points easier at 706.61, while the Plantation Index garnered 10.24 points to 7,340.02. — BERNAMA
