Latest news with #MalaysiaKLCI
Barnama
7 days ago
- Business
- Barnama
Bursa Malaysia Opens Easier On Lack Of Market-Moving News
At 9.15 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 1.59 points to 1,532.71 from Monday's close of 1,534.30. KUALA LUMPUR, May 27 (Bernama) -- Bursa Malaysia traded easier during early morning trade, dampened by a lack of market-moving news as traders awaited more clarity from the Trump administration on tariffs, analysts said. In the broader market, gainers led decliners 171 to 146, with 257 counters unchanged, 1,821 untraded and 17 suspended. It noted that Wall Street was closed on Monday in conjunction with Memorial Day, but the US equity futures advanced as investors reacted positively to President Trump's tariff deadline extension on the European Union. 'Besides, given rising geopolitical tension, and amid uncertainty surrounding the Trump administration's stance on tariff, we expect the market to adopt a defensive stance, and the momentum in real estate investment trusts may persist,' it said. Malacca Securities Sdn Bhd in a note today said the market may face further weakness amid continued foreign fund outflows. Meanwhile, Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said traders were also concerned that a prolonged price war amongst the electric vehicles players to clear inventory will see extended margin compression. Back home, the FBM KLCI closed marginally lower on Monday as foreign selling is suspected to remain prevalent. 'These short term trades by foreign funds would certainly lengthen the consolidation of the benchmark index. For today, we expect the index to trend between the 1,535-1545 range,' he told Bernama. Among heavyweight stocks, Maybank fell four sen to RM9.88, while Public Bank dropped three sen to RM4.38, Tenaga and IHH Healthcare slid two sen each to RM13.98 and RM6.89 respectively, and CIMB shed one sen to RM6.95. Among active stocks, NexG bagged one sen to 37.5 sen, MYEG gained 1.5 sen to 91 sen, OCR Group and Velesto were flat at RM3.5 sen and 17 sen respectively, while Armada eased one sen to 47.5 sen. On the index board, the FBM Emas Index lost 5.55 points to 11,450.14, the FBMT 100 Index fell 6.59 points to 11,212.12, and the FBM ACE Index was down 8.20 points to 4,589.87. The FBM Emas Shariah Index increased 0.14 of a point to 11,390.13, and the FBM 70 Index added 10.58 points to 16,313.94. Across the sectors, the Financial Services Index was 23.92 points higher at 18,147.16, the Industrial Products and Services Index inched down 0.02 of a point to 153.72, the Energy Index eased 1.34 points to 704.57, and the Plantation Index inched up 0.65 of a point to 7,336.02. -- BERNAMA BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies. Follow us on social media : Facebook : @bernamaofficial, @bernamatv, @bernamaradio Twitter : @ @BernamaTV, @bernamaradio Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial TikTok : @bernamaofficial
Barnama
20-05-2025
- Business
- Barnama
Bursa Malaysia Kicks Off Higher, Mirrors Wall Street Gains
KUALA LUMPUR, May 20 (Bernama) -- Bursa Malaysia opened slightly higher on Tuesday, rebounding from yesterday's decline as investors tracked an overnight rally on Wall Street. At 9.07 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 2.09 points, or 0.13 per cent, to 1,558.23 from Monday's close of 1,556.14. The benchmark index had opened 0.78 of-a-point higher at 1,556.92. Market breadth was positive, with 256 gainers outpacing 101 decliners. A total of 202 counters were unchanged, 1,850 untraded, and 17 suspended. Turnover stood at 123.18 million shares valued at RM58.98 million. Hong Leong Investment Bank (HLIB), in a note, said it expects the FBM KLCI to trend sideways during the ongoing corporate results season, amid a tariff-driven global economic slowdown that could weigh on domestic activity and earnings. 'This cautious outlook will likely persist until a permanent and mutually beneficial trade deal is reached between the United States and key trading partners, including Malaysia,' the investment bank said. HLIB added that lingering policy uncertainty from the Trump administration and unclear signals on the Federal Reserve's rate path would continue to pressure market sentiment and business confidence. Among heavyweights, CIMB and Petronas Gas added 2.0 sen each to RM7.12 and RM17.60, respectively. Public Bank and Press Metal were unchanged at RM4.49 and RM4.96, while Maybank, Tenaga Nasional and IHH Healthcare slipped 2.0 sen each to RM10.12, RM14.08 and RM6.97.
New Straits Times
13-05-2025
- Business
- New Straits Times
Bursa Malaysia set to extend gains amid positive regional sentiment
KUALA LUMPUR: Bursa Malaysia is poised to maintain its upward momentum this week, buoyed by positive regional market trends and improving investor sentiment. The FTSE Bursa Malaysia KLCI (FBM KLCI) recently closed higher, aligning with gains in regional markets, indicating a favourable outlook. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said news over trade deals between the US and China have sparked optimism among investors in hopes that the tariff shocks will be more manageable. "Perhaps it could be the benchmark for the ongoing negotiations with several countries, including Malaysia. "I suppose traders and investors will reassess their risk appetite as sentiments have been weak since Liberation Day on April 2," he told Business Times. On Monday, global equity markets rallied after Chinese and US officials held "substantial" trade talks and slashed their tariffs for 90 days. This move has fuelled hopes the two sides will cool down from the standoff that has rattled global markets. US President Donald Trump imposed a 145 per cent tariff on China, which the latter retaliated with a rate of 125 per cent. Afzanizam added Malaysia's stock market has also seen foreign interest earlier this month, which is likely to be sustained this week. "Already, we have seen foreign investors have been recording net purchases in early May and it would continue to do so this week," he said. Earlier this month, Bursa Malaysia saw continued inflows of foreign funds to the tune of RM853.8 million registered in the week ended May 2. According to MIDF Research, this interest from foreign funds marked the first consecutive weeks of net foreign inflow since September 2024.
