Latest news with #PressMetal
The Star
2 days ago
- Business
- The Star
FBM KLCI marginally higher at midday as tariff anxieties weigh on gobal markets
KUALA LUMPUR: The Malaysian benchmark stock index was little changed at midday after paring earlier gains as anxiety grew over the impact of US tariffs on global trade and economic growth. As regional markets turned lower, the FBM KLCI managed to stay positive, albeit a marginal 0.67 points at 1,540.05. The biggest lift was seen in stocks such as Press Metal up 13 sen to RM5.48, PETRONAS Chemicals gaining 17 sne to RM3.78, PETRONAS Dagangan up 18 sen to RM21.62 and Sunway rising six sen to RM4.88. IOI Corp, meanwhile, weighed on the index after falling 11 sen to RM3.76 and Nestle shed 70 sen to RM87.30 following the recent rally. Outside of the blue chips, however, sentiment was dour with the number of declining issues nearly double the the number of advancing. Trading volume was 2.25 billion shares valued at RM1.08bil. Some stand out performancer included British American Tobacco , surging 33 sen to RM4.90 following a positive quarterly result. Westports jumped seven sen to RM5.69 while Malayan Cement climbed seven sen to RM5.41. Of actives, Focus was down 0.5 sen to 0.5 sen. ACE Market debutant Oxford Innotech ended 9.5 sen higher at 38.5 sen, while Ekovest slumped 5.5 sen to 38.5 sen following the failure of its merger with Knusford. In key Asian markets, Japan's Nikkei was down 0.95% to 26,154 and South Korea's Kospi rose 0.65% to 3,230. China's composite index was 0.01% down to 3,595 and Hong Kong's Hang Seng slid 0.95% to 25,319.
Malay Mail
6 days ago
- Business
- Malay Mail
Bursa Malaysia slips 0.84pc at mid-morning on profit taking
KUALA LUMPUR, July 25 — Bursa Malaysia slipped 0.84 per cent at mid-morning, as investors locked in gains from recent rallies in index-linked counters, led by Tenaga Nasional, YTL Power, Press Metal, and key banking stocks. At 11am, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 12.94 points to 1,527.38 from yesterday's close of 1,540.32. The benchmark index had opened 1.60 points lower at 1,538.66. Market breadth was negative, with 481 decliners outpacing 259 gainers. A total of 382 counters were unchanged, 1,404 untraded, and 44 suspended. Turnover stood at 1.45 billion shares worth RM697.23 million. Tenaga Nasional dropped 46 sen to RM13.48, YTL Power lost 10 sen to RM4.09, and Press Metal eased eight sen to RM5.25. Among the banking heavyweights, Malayan Banking declined five sen to RM9.58, Public Bank slipped three sen to RM4.28, while CIMB was unchanged at RM6.70. In active trade, NexG and Velesto gained one sen each to 52.5 sen and 19 sen, respectively. Lotte Chemical and Zetrix declined half-a-sen each to 70 sen and 91 sen, respectively, while Tanco and TWL were unchanged at 91.5 sen and 2.5 sen, respectively. Across the broader market, the FBM Emas Index dropped 79.41 points to 11,471.76, the FBMT 100 Index slipped 81.39 points to 11,233.23, and the FBM Emas Shariah Index declined 95.50 points to 11,485.46. The FBM 70 Index eased 59.63 points to 16,599.23, while the FBM ACE Index shed 15.24 points to 4,627.27. By sector, the Financial Services Index fell 54.71 points to 17,450.87, the Plantation Index lost 43.16 points to 7,426.80, and the Industrial Products and Services Index was 1.27 points lower at 156.89. The Energy Index, however, rose 5.47 points to 744.15. — Bernama
Barnama
22-07-2025
- Business
- Barnama
FBM KLCI Erases 0.25 Pct At Mid-afternoon On Heavyweight Selling
KUALA LUMPUR, July 22 (Bernama) -- Persistent selling in selected heavyweights, led by Press Metal, Sunway and Petronas Gas, pushed the key index down by 0.25 per cent by mid-afternoon. Press Metal fell 10 sen to RM5.21, Sunway dropped nine sen to RM4.80, and Petronas Gas declined 26 sen to RM17.56. These three counters collectively contributed 3.28 points to the composite index. At 3 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 3.81 points to 1,520.78 from yesterday's close of 1,524.59. The benchmark index opened 1.70 points higher at 1,526.29 at the opening bell. Across the broader market, decliners overwhelmed gainers 569 to 291, while 468 counters were unchanged, 1,151 untraded and seven suspended. Turnover stood at 2.1 billion units worth RM1.18 billion. Among the heavyweight stocks, Maybank added two sen to RM9.54, Public Bank fell two sen to RM4.28, TNB was flat at RM13.78, and CIMB gained five sen to RM6.57. Among the most active stocks, Zetrix eased one sen to 92.5 sen, Tanco gained one sen to 91.5 sen, NexG rose half-a-sen to 51 sen, and Pharmaniaga declined half-a-sen to 21.5 sen. On the broader index board, the FBM Emas Index fell 36.47 points to 11,425.46, the FBMT 100 Index shed 36.49 points to 11,188.33, and the FBM Emas Shariah Index dropped 52.68 points to 11,457.03.
Borneo Post
18-07-2025
- General
- Borneo Post
Fire destroys wood storage area at Press Metal in Samalaju
Firefighters dousing the fire inside the storage area. BINTULU (July 18): A fire broke out this afternoon at the Press Metal industrial facility in Samalaju, destroying a wood storage area measuring approximately 165 by 165 feet. Bintulu Fire and Rescue Department (Bomba) chief PgKB II Wan Kamaruddin Wan Ahmad confirmed that no casualties were reported. A distress call was received at 12.37pm, prompting the dispatch of nine personnel from the Samalaju Fire Station. Firefighters arrived to find the entire storage area engulfed in flames. 'Our team carried out a rapid size-up and deployed two 200-foot hose lines using two nozzles connected to a nearby hydrant. 'The fire was successfully brought under control, and overhaul operations are ongoing to ensure complete extinguishment,' he said in a statement today. The team's swift response prevented the blaze from spreading to other parts of the facility. The operation involved a Fire Rescue Tender (FRT), a Hilux utility vehicle, and a private vehicle. The cause and estimated damage are still under investigation. bomba fire Press Metal Samalaju storage area
The Star
08-07-2025
- Business
- The Star
Bursa remains subdued as regional markets stabilise on tariff hopes
KUALA LUMPUR: Bursa Malaysia remained underwater at midday, lagging behind key Asian markets that took heart there was time left to negotiate a better tariff rate with the Trump administration. At 12.30pm, the FBM KLCI was down 7.59 points to 1,529.95 as investors sold down shares following a surprise increase in the tariff rate following months of negotiations. The retreat on the market was broad-based with the declining issues beating advancers at a ratio of 1.75-to-1. Volume was 2.01 billion shares changing hands for RM1.09bil. Asian markets reversed earlier losses as US President Donald Trump said the tariff rates were "not 100% firm" ahead of the Aug 1 implementation date. Japan's Nikkei turne dhigher, rising 0.17% to 39,655 while South Korea's Kospi gained 1.42% to 3,102. Chinese mainland markets also improved - the Shanghai composite index climbed 1.07% to 2,095 while the blue-chip CSI300 added 0.74% to 3,994. Hong Kong's Hang Seng gained 0.78% to 24,073. On Bursa Malaysia, the price slump was led by Press Metal down 16 sen to Rm5.13, CIMB dropping 10 sen to RM6.65, MISC falling seven sen to RM7.55 and Telekom shedding 15 sen to RM6.65. Nestle rose 84 sen to RM77.94 as investors shifted their portfolios to consumer stocks.
