Latest news with #RM1.84
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.
New Straits Times
23-05-2025
- Business
- New Straits Times
Gas Malaysia's net profit down to RM100.14mil for 1Q25
KUALA LUMPUR: Gas Malaysia Bhd's net profit for the first quarter ended March 31 2025 (1Q FY2025) fell 1.5 per cent to RM100.14 million from RM102.63 million a year ago. Revenue decreased to RM1.84 billion from RM1.87 billion previously, due to lower average natural gas selling price, although this was partially offset by a higher volume of natural gas sold and a higher tolling fee, it said in a filing with Bursa Malaysia. "The group remains committed to implementing prudent measures to enhance operational efficiency, sustain competitiveness, and pursue strategic growth opportunities. "With these initiatives underway, the board is confident that the group is well-positioned to deliver a satisfactory performance for financial year 2025, while maintaining a cautious outlook in light of ongoing market uncertainties," it added.
Barnama
19-05-2025
- Barnama
Sarawak GOF Operations Net Over RM1.8 Million In Seizures
KUCHING, May 19 (Bernama) -- The Sarawak Brigade of the General Operations Force (GOF) carried out successful operations under Op Bersepadu Khazanah, Op Taring Libas, and Op Taring Awas/Batas, resulting in seizures valued at RM1.84 million. Sarawak Brigade GOF deputy commander ACP Rosdi Inai said that on May 15, they raided a site in Sri Aman suspected of operating as a wood processing facility without a valid permit. 'A total of 451 logs of various sizes, three wood processing machines, and a wood storage facility with an estimated value of RM1,070,500 were confiscated during the raid,' he said in a statement here today. Rosdi said that on the same day, the GOF raided a house in Kampung Tebedu, Serian, arresting a 59-year-old local man and successfully seizing 1,000 cartons of various types of white cigarettes with unpaid duties, estimated to be worth RM340,000. On May 13, he said, the GOF, in collaboration with the Sarawak Forestry Corporation, raided a house in Bau where a 42-year-old local woman was arrested and 15 birds and eight turtles of protected species, estimated to be worth RM112,885, were seized. Rosdi said that on May 14, the GOF raided a premises in Kuching, arresting a 57-year-old local man and confiscating 36 birds and 40 protected turtles worth RM79,450. He added that on the same day, a raid by the GOF at a house in Miri led to the arrest of a 74-year-old local man and the seizure of seven birds of various species, valued at RM27,800. Meanwhile, in Sibu, Rosdi said, a 36-year-old local man was arrested and seven protected squirrels along with an iron cage worth RM15,000 were seized during a house raid. On May 15, he said, a joint raid by the GOF and the Sarawak Forestry Corporation in Sri Aman resulted in the arrest of a 62-year-old local man suspected of keeping protected wildlife without a permit.
Borneo Post
19-05-2025
- Borneo Post
GOF Sarawak seizes RM1.84 mln in illegal timber, protected animals in eight operations statewide
The timber found at the location believed to be used as a timber processing area in Sri Aman KUCHING (May 19): The General Operations Force (GOF) Sarawak Brigade has successfully seized various types of timber, totally-protected animals and other illicit goods in eight separate operations conducted between May 13 and 18, estimated to be worth RM1.84 million. In a statement today, Sarawak GOF Brigade deputy commander ACP Rosdi Inai said the biggest haul was made during an operation carried out on May 15 at 11am by the Intelligence Branch of GOF Sri Aman Battalion 23. 'The raid was conducted at a location in Sri Aman believed to be used as an illegal timber processing premises without valid permits. 'During the raid, the team found 451 pieces of timber of various sizes as well as seized a wood storage premises and three units of wood processing machines – all of which amounted to RM1.07 million. 'The seized items were handed over to the Sarawak Timber Industry Development Corporation (Pusaka) for further action,' he said, adding that the case is being investigated under Section 5A(1) of the Sarawak Timber Industry Development Act 1973. Some of the totally-protected birds found during an operation conducted in Bau. In another raid conducted on May 13 at 11am, he said a team from GOF Sarawak Brigade alongside a team from Sarawak Forestry Corporation (SFC) raided a premises in Bau, believed to be made as a storage unit to cage various totally-protected animals. The team apprehended a 42-year-old woman, and found 15 totally-protected birds and 8 tortoises amounting to RM112,885 during the raid. The arrested individual and the seized items were handed over to SFC for further action and investigation under Section 29 of the Wildlife Ordinance 1998. The GOF then proceeded to raid six other premises throughout Sarawak, four of which involving protected animals and their parts, resulting in an estimated RM658,466 in confiscated illicit goods. Meanwhile, throughout the Op Taring period as of May 19, GOF Sarawak recorded a total of 179 cases, seized a total of RM236 million, and arrested a total of 283 individuals (211 locals and 72 foreigners), and seized 175 vehicles.
