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Focus Malaysia
a day ago
- Business
- Focus Malaysia
Bursa Malaysia ends in positive territory, await US-China trade talks
BURSA Malaysia wrapped up the trading day in positive territory, buoyed by investor accumulation of selective heavyweights, while market participants looked ahead to the outcome of high-level US-China discussions. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) perked up 2.62 points, or 0.17%, to 1,519.41 from last Friday's close of 1,516.79. The benchmark index opened at 1,518.06, up 1.27 points, and subsequently fluctuated in a narrow range between 1,518.03 and 1,521.64 throughout the day. Across the broader market, gainers outnumbered losers 535 to 400, while 484 counters were unchanged, 941 untraded and 20 suspended. Turnover expanded to 2.61 billion units worth RM1.84 bil compared with last Friday's 1.92 billion units worth RM1.66 bil. – June 9, 2025
New Straits Times
a day ago
- Business
- New Straits Times
Bursa Malaysia ends in positive territory, awaits US-China trade talks
KUALA LUMPUR: Bursa Malaysia closed the trading day in positive territory, supported by investor accumulation of selective heavyweights, as market participants awaited the outcome of high-level US-China discussions. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) perked up 2.62 points, or 0.17 per cent, to 1,519.41 from last Friday's close of 1,516.79. The benchmark index opened at 1,518.06, up 1.27 points, and subsequently fluctuated in a narrow range between 1,518.03 and 1,521.64 throughout the day. Across the broader market, gainers outnumbered losers 535 to 400, while 484 counters were unchanged, 941 untraded and 20 suspended. Turnover expanded to 2.61 billion units worth RM1.84 billion compared with last Friday's 1.92 billion units worth RM1.66 billion. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng told Bernama that, domestically, investors have been accumulating selected heavyweights, especially financial services, construction, and technology-related stocks, at current price levels which is considered relatively cheap. "Technical indicators suggest the FBM KLCI is consolidating within a narrow range until fresh catalysts emerge. "We expect the index to trade between 1,500 and 1,530 for the week, representing its support and resistance levels," he added. Commenting on the regional markets, Thong said the FBM KLCI tracked the strong performance of regional bourses, which closed mostly higher on optimism surrounding the upcoming trade talks between Washington and Beijing. "Technology counters were standout performers, buoyed by robust rallies in Chinese Internet firms and South Korean semiconductor stocks," he added. Meanwhile, UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said progress in the complex trade negotiations, as announced by US President Donald Trump, has further lifted market sentiment. "Market participants will be closely monitoring the outcome of these high-level discussions, as any breakthrough could set the tone for risk sentiment and global trade flows in the months ahead," he said. China's Foreign Ministry confirmed that Vice Premier He Lifeng will visit the United Kingdom from June 8-13, with China-US economic and trade consultations scheduled to take place during his visit. Back home, Mohd Sedek opined that today's gains were led by stocks in the agriculture, oil and gas, and banking sectors, while consumer-related counters lagged. The broader market continues to find support from resilient domestic fundamentals and improving external sentiment, although performance is expected to remain selectively driven by sectoral dynamics and evolving macroeconomic signals," he said. Among the heavyweights, Petronas Chemicals gained 10 sen to RM3.35, QL Resources jumped 16 sen to RM4.53, CIMB rose five sen to RM6.89, Tenaga Nasional improved eight sen to RM14.28, while Maybank erased two sen to RM9.68. The top gainers in the broader market were led by Dutch Lady, which put on 74 sen to RM29.70, Malaysian Pacific Industries rose 70 sen to RM20.90, Ayer Holdings climbed 36 sen to RM7.60, while Pentamaster soared 20 sen to RM2.80. Among the most active stocks, MYEG was flat at 94.5 sen, MPire Global was two sen higher at 11 sen, ACE Market debutant Hartanah Kenyalang lost 1.5 sen to 14.5 sen, and Tanco shed four sen to 99 sen.
Focus Malaysia
4 days ago
- Business
- Focus Malaysia
Bursa Malaysia ends slightly lower tracking regional markets
BURSA Malaysia ended the week slightly lower, tracking the negative performance seen across regional markets, particularly among emerging markets, an analyst said. At 5 pm, the FBM KLCI was down 0.08 per cent, or 1.33 points, to 1,516.79 from Thursday's close of 1,518.12. The benchmark index opened at 1,516.91, less 1.21 points, and moved between 1,513.39 and 1,518.71 throughout the trading session. Market breadth was negative, as decliners outnumbered gainers 478 to 325. A total of 529 counters remained unchanged, with 1,014 untraded and 20 suspended. Turnover dropped to 1.92 bil units worth RM1.66 bil compared with Thursday's 2.42 bil units valued at RM2.27 bil. —June 6, 2025
The Star
4 days ago
- Business
- The Star
Bursa Malaysia ends slightly lower tracking regional markets
KUALA LUMPUR: Bursa Malaysia ended the week slightly lower, tracking the negative performance seen across regional markets, particularly among emerging markets, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was down 0.08 per cent, or 1.33 points, to 1,516.79 from Thursday's close of 1,518.12. The benchmark index opened at 1,516.91, less 1.21 points, and moved between 1,513.39 and 1,518.71 throughout the trading session. Market breadth was negative, as decliners outnumbered gainers 478 to 325. A total of 529 counters remained unchanged, with 1,014 untraded and 20 suspended. Turnover dropped to 1.92 billion units worth RM1.66 billion compared with Thursday's 2.42 billion units valued at RM2.27 billion. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng told Bernama that key regional indices ended mixed as investors remained cautious, awaiting further signals on trade negotiations between the United States (US) and key regional players, especially China. Besides, he said that the weak performance on Wall Street overnight hurt market sentiment globally. Meanwhile, UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said the FBM KLCI posted a marginal decline, despite Thursday's notable technical rebound, which helped cushion broader losses. He said gains were concentrated mainly in select index constituents, supported by short-term technical recovery and renewed optimism surrounding data centre-related themes. However, foreign investors continued to pare down their holdings in Malaysian equities, marking a third consecutive week of net selling. Additionally, although US President Donald Trump described his phone conversation with President Xi Jinping as "very good', the remarks failed to lift sentiment meaningfully. Asian markets closed mixed, with major Chinese indices ending in negative territory, highlighting persistent investor caution amid unresolved geopolitical and macroeconomic headwinds. Meanwhile, risk sentiment on Wall Street was briefly pressured by a public feud between Trump and businessman Elon Musk, centred on threats to revoke Musk's government contracts. "At this stage, we view the issue as isolated, with limited impact on the broader technology sector in both the US and Malaysian markets,' said Mohd Sedek. Among the heavyweights, Petronas Chemicals shed 11 sen to RM3.25, Press Metal Aluminium eased 7.0 sen to RM4.96, 99 Speed Mart Retail slid 2.0 sen to RM2.09, RHB Bank reduced 5.0 sen to RM6.35, and Petronas Dagangan fell by 14 sen to RM21.00. Among the most active stocks, MYE added 1.5 sen to 94.5 sen, Tanco and Gamuda rose 3.0 sen each to RM1.03 and RM4.77, respectively, KPJ dropped 3.0 sen to RM2.75, and Signature Alliance Group gained 1.0 sen to 71 sen. On the index board, the FBM Emas Index weakened 7.49 points to 11,355.34, the FBMT 100 Index cut 4.67 points to 11,123.69, but the FBM ACE Index gained 1.18 points to 4,519.32. The FBM Emas Shariah Index gave up 11.52 points to 11,329.22, but the FBM 70 Index recovered 13.26 points to 16,296.57. Sector-wise, the Financial Services Index fell 31.26 points to 17,708.31, and the Industrial Products and Services Index was 1.32 points lower at 150.80. However, the Energy Index rose 9.84 points to 718.45, and the Plantation Index grew 33.47 points to 7,252.85. The Main Market volume narrowed to 964.07 million units valued at RM1.46 billion compared to Thursday's 1.16 billion units worth RM2.00 billion. Warrants turnover dwindled to 706.23 million units worth RM98.53 million from 898.22 million units valued at RM114.39 million yesterday. The ACE Market volume declined to 249.20 million shares, valued at RM105.00 million, compared with 361.18 million shares worth RM153.86 million previously. Consumer products and services counters accounted for 123.80 million shares traded on the Main Market, industrial products and services (164.82 million), construction (86.55 million), technology (154.08 million), SPAC (nil), financial services (54.91 million), property (133.50 million), plantation (8.96 million), REITs (14.57 million), closed-end funds (4,000), energy (79.64 million), healthcare (48.05 million), telecommunications and media (39.11 million), transportation and logistics (17.48 million), utilities (38.55 million), and business trusts (1,000). - Bernama
New Straits Times
4 days ago
- Business
- New Straits Times
Bursa Malaysia ends slightly lower tracking regional markets
KUALA LUMPUR: Bursa Malaysia ended the week slightly lower, tracking the negative performance seen across regional markets, particularly among emerging markets, an analyst said. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was down 0.08 per cent, or 1.33 points, to 1,516.79 from Thursday's close of 1,518.12. The benchmark index opened at 1,516.91, less 1.21 points, and moved between 1,513.39 and 1,518.71 throughout the trading session. Market breadth was negative, as decliners outnumbered gainers 478 to 325. A total of 529 counters remained unchanged, with 1,014 untraded and 20 suspended. Turnover dropped to 1.92 billion units worth RM1.66 billion compared with Thursday's 2.42 billion units valued at RM2.27 billion. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng told Bernama that key regional indices ended mixed as investors remained cautious, awaiting further signals on trade negotiations between the United States (US) and key regional players, especially China. Besides, he said that the weak performance on Wall Street overnight hurt market sentiment globally. Meanwhile, UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said the FBM KLCI posted a marginal decline, despite Thursday's notable technical rebound, which helped cushion broader losses. He said gains were concentrated mainly in select index constituents, supported by short-term technical recovery and renewed optimism surrounding data centre-related themes. However, foreign investors continued to pare down their holdings in Malaysian equities, marking a third consecutive week of net selling. Additionally, although US President Donald Trump described his phone conversation with President Xi Jinping as "very good", the remarks failed to lift sentiment meaningfully. Asian markets closed mixed, with major Chinese indices ending in negative territory, highlighting persistent investor caution amid unresolved geopolitical and macroeconomic headwinds. Meanwhile, risk sentiment on Wall Street was briefly pressured by a public feud between Trump and businessman Elon Musk, centred on threats to revoke Musk's government contracts. "At this stage, we view the issue as isolated, with limited impact on the broader technology sector in both the US and Malaysian markets," said Mohd Sedek. Among the heavyweights, Petronas Chemicals shed 11 sen to RM3.25, Press Metal Aluminium eased 7.0 sen to RM4.96, 99 Speed Mart Retail slid 2.0 sen to RM2.09, RHB Bank reduced 5.0 sen to RM6.35, and Petronas Dagangan fell by 14 sen to RM21.00. Among the most active stocks, MYE added 1.5 sen to 94.5 sen, Tanco and Gamuda rose 3.0 sen each to RM1.03 and RM4.77, respectively, KPJ dropped 3.0 sen to RM2.75, and Signature Alliance Group gained 1.0 sen to 71 sen.
