Latest news with #RM1.98
Malaysian Reserve
22-05-2025
- Business
- Malaysian Reserve
FBM KLCI extends losing streak for 4th straight session
KUALA LUMPUR — The FBM KLCI has extended its decline for a fourth consecutive session on Wednesday, underscoring a deepening risk-off sentiment across Malaysia's equity market, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 4.07 points, or 0.26 per cent, to 1,544.80 from Tuesday's close of 1,548.87. The benchmark index opened 4.07 points higher at 1,552.94 and fluctuated between 1,542.47 and 1,553.84 throughout the trading session. In the broader market, losers thumped gainers 649 to 342, while 464 counters were unchanged, 963 untraded, and seven suspended. Turnover increased to 3.27 billion units worth RM2.16 billion against 2.61 billion units worth RM1.98 billion on Tuesday. UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan noted that foreign investors remained net sellers on both Monday and Tuesday, amplifying the sell-off as external macroeconomic and geopolitical headwinds continue to dominate investor positioning. 'Market sentiment remains fragile as global investors weigh persistent political and fiscal uncertainty in the United States,' he told Bernama. Despite resilient domestic fundamentals—evidenced by strong export figures released yesterday—the local market performance remains largely dictated by exogenous variables. Until greater clarity emerges on the US fiscal path and monetary policy trajectory, market volatility is likely to persist, warranting a cautious but opportunistic approach, he added. Among heavyweights, IHH Healthcare added 1.0 sen to RM6.96, CelcomDigi rose 2.0 sen to RM3.90, Hong Leong Bank advanced 10 sen to RM20, Press Metal Aluminium climbed 9.0 sen to RM5.05, MISC was flat at RM7.66, while Maybank, Tenaga Nasional and CIMB all fell 4.0 sen to RM10, RM14.10 and RM7.0, respectively. For active stocks, Harvest Miracle and MYEG perked up half-a-sen each to 18.5 sen and 90 sen, respectively, Tanco increased 1.0 sen to 96.5 sen, Sarawak Cable shed 5.0 sen to 3.0 sen, Inari Amertron slipped 15 sen to RM1.87, and Nationgate went down 4.0 sen to RM1.57. On the index board, the FBM Emas Index shed 41.23 points to 11,525.68, the FBMT 100 Index slid 34.20 points to 11,282.77, the FBM Emas Shariah Index went down 17.23 points to 11,445.65, the FBM 70 Index lost 67.47 points to 16,345.90, and the FBM ACE Index shaved off 27.49 points to 4,626.05. Across sectors, the Financial Services Index tumbled 100.05 points to 18,215.87, the Industrial Products and Services Index eased 1.41 points to 155.05, the Energy Index slipped 1.81 points to 712.96, while the Plantation Index rose by 48.85 points to 7,329.78. The Main Market volume expanded to 1.33 billion units valued at RM1.87 billion from Tuesday's 1.17 billion units valued at RM1.75 billion. Warrants turnover advanced to 1.62 billion units worth RM191.45 million from 1.07 billion units worth RM128.67 million yesterday. The ACE Market volume declined to 327.86 million units worth RM96.64 million from 363.69 million units worth RM102.09 million previously. Consumer products and services counters accounted for 208.40 million shares traded on the Main Market, industrial products and services (281.74 million), construction (110.26 million), technology (190.91 million), SPAC (nil), financial services (69.37 million), property (146.26 million), plantation (17.55 million), REITs (9.50 million), closed/fund (nil), energy (139.13 million), healthcare (37.16 million), telecommunications and media (35.97 million), transportation and logistics (26.06million), utilities (5383 million), and business trusts (300). — BERNAMA
New Straits Times
21-05-2025
- Business
- New Straits Times
FBM KLCI extends losing streak for fourth straight session
KUALA LUMPUR: The FBM KLCI has extended its decline for a fourth consecutive session on Wednesday, underscoring a deepening risk-off sentiment across Malaysia's equity market, said an analyst. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 4.07 points, or 0.26 per cent, to 1,544.80 from Tuesday's close of 1,548.87. The benchmark index opened 4.07 points higher at 1,552.94 and fluctuated between 1,542.47 and 1,553.84 throughout the trading session. In the broader market, losers thumped gainers 649 to 342, while 464 counters were unchanged, 963 untraded, and seven suspended. Turnover increased to 3.27 billion units worth RM2.16 billion against 2.61 billion units worth RM1.98 billion on Tuesday. UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan noted that foreign investors remained net sellers on both Monday and Tuesday, amplifying the sell-off as external macroeconomic and geopolitical headwinds continue to dominate investor positioning. "Market sentiment remains fragile as global investors weigh persistent political and fiscal uncertainty in the United States," he told Bernama. Despite resilient domestic fundamentals—evidenced by strong export figures released yesterday—the local market performance remains largely dictated by exogenous variables. Until greater clarity emerges on the US fiscal path and monetary policy trajectory, market volatility is likely to persist, warranting a cautious but opportunistic approach, he added.
New Straits Times
20-05-2025
- Business
- New Straits Times
Bursa Malaysia ends mixed
KUALA LUMPUR: Bursa Malaysia closed mixed today amid the absence of fresh leads. At 5 pm, the benchmark index fell 7.27 points, or 0.47 per cent, to 1,548.87 from Monday's close of 1,556.14. The benchmark index had opened 0.78 of-a-point higher at 1,556.92 and fluctuated between 1,545.77 and 1,561.10 throughout the trading session. In the broader market, gainers edged losers 478 to 458, while 496 counters were unchanged, 977 untraded and 17 suspended. Turnover decreased to 2.61 billion units worth RM1.98 billion against Monday's 3.71 billion units worth RM2.27 billion. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said that despite stronger performances in major markets such as Hong Kong, China and Japan, the FBM KLCI ended lower in line with the broader regional emerging market declines. He added that investors' focus shifts to the upcoming vote in the US House on a President Donald Trump-backed tax reform, alongside potential developments in trade talks "Fundamentally, the mid-term prospects remain positive, supported by compelling valuations, stronger corporate earnings and a recovering economy. Hence, we see the FBM KLCI trending within the 1,540-1,570 range for the remainder of the week," he told Bernama. Thong noted that selling pressures were seen on consumer, banks and plantation stocks with buying on energy, property and REITs. Among heavyweights, Public Bank increased three sen to RM4.52, Tenaga Nasional advanced four sen to RM14.14, Petronas Gas jumped 14 sen to RM17.72, Hong Leong Bank and Press Metal were flat at RM19.90 and RM4.96 respectively, while Maybank slipped 10 sen to RM10.04. For active stocks, ACE Market debutant PEOPLElogy and Tanco rose 1.5 sen each to 26.5 sen and 95.5 sen, NexG increased half-a-sen to 38 sen, Velesto was flat at 16.5 sen, and Gamuda eased five sen to RM4.52.
Yahoo
27-03-2025
- Business
- Yahoo
When Should You Buy Unisem (M) Berhad (KLSE:UNISEM)?
Unisem (M) Berhad (KLSE:UNISEM), is not the largest company out there, but it saw significant share price movement during recent months on the KLSE, rising to highs of RM3.04 and falling to the lows of RM1.90. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Unisem (M) Berhad's current trading price of RM1.98 reflective of the actual value of the small-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let's take a look at Unisem (M) Berhad's outlook and value based on the most recent financial data to see if there are any catalysts for a price change. Unisem (M) Berhad is currently expensive based on our price multiple model, where we look at the company's price-to-earnings ratio in comparison to the industry average. We've used the price-to-earnings ratio in this instance because there's not enough visibility to forecast its cash flows. The stock's ratio of 52.65x is currently well-above the industry average of 31.87x, meaning that it is trading at a more expensive price relative to its peers. If you like the stock, you may want to keep an eye out for a potential price decline in the future. Given that Unisem (M) Berhad's share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. This is based on its high beta, which is a good indicator for share price volatility. See our latest analysis for Unisem (M) Berhad Future outlook is an important aspect when you're looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. Unisem (M) Berhad's earnings over the next few years are expected to double, indicating a very optimistic future ahead. This should lead to stronger cash flows, feeding into a higher share value. Are you a shareholder? It seems like the market has well and truly priced in UNISEM's positive outlook, with shares trading above industry price multiples. At this current price, shareholders may be asking a different question – should I sell? If you believe UNISEM should trade below its current price, selling high and buying it back up again when its price falls towards the industry PE ratio can be profitable. But before you make this decision, take a look at whether its fundamentals have changed. Are you a potential investor? If you've been keeping tabs on UNISEM for some time, now may not be the best time to enter into the stock. The price has surpassed its industry peers, which means it is likely that there is no more upside from mispricing. However, the positive outlook is encouraging for UNISEM, which means it's worth diving deeper into other factors in order to take advantage of the next price drop. If you want to dive deeper into Unisem (M) Berhad, you'd also look into what risks it is currently facing. Be aware that Unisem (M) Berhad is showing 2 warning signs in our investment analysis and 1 of those is a bit unpleasant... If you are no longer interested in Unisem (M) Berhad, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
