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New Straits Times
21-05-2025
- Business
- New Straits Times
Bursa Malaysia remains lower at midday
KUALA LUMPUR: Bursa Malaysia remained lower at the end of the morning trading session, despite the mostly higher regional market performance, as market undertone remains cautious. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 3.87 points, or 0.25 per cent, to 1,545.0 from Tuesday's close of 1,548.87. The benchmark index opened 4.07 points higher at 1,552.94 and fluctuated between 1,544.02 and 1,553.84 throughout the session. The broader market was negative with 583 decliners outpacing 267 gainers, while 423 counters were unchanged, 1,145 untraded, and seven suspended. Turnover stood at 2.04 billion shares worth RM1.01 billion. In a note, Rakuten Trade Sdn Bhd said the lack of catalysts, coupled with the evaporating daily volume, saw diminishing participation, especially from the retail segment. "As we do not expect the market to stage a trend reversal anytime soon, we believe the index to hover within the 1,545-1,555 range today," it said. Among the heavyweights, CelcomDigi and Petronas Gas both gained 2.0 sen to RM3.90 and RM17.74, respectively, Press Metal improved by 8.0 sen to RM5.04, MISC added 1.0 sen to RM7.67, IHH Healthcare was flat at RM6.95, Maybank shed 4.0 sen to RM10, Public Bank trimmed seven sen to RM4.45, while Tenaga Nasional and CIMB dipped 4.0 sen each to RM14.10 and RM7.0, respectively. For active stocks, Harvest Miracle and Alam Maritim both rose half-a-sen to 18.5 sen and 3.5 sen, respectively, Tanco gained 1.0 sen to 96.5 sen, MYEG was flat at 89.5 sen, Sarawak Cable declined 4.5 sen to 3.5 sen, and Inari Amertron slipped 12 sen to RM1.90. On the index board, the FBM Emas Index dipped 37.32 points to 11,529.59, the FBMT 100 Index fell 32.52 points to 11,284.45, and the FBM Emas Shariah Index shed 11.62 points to 11,451.26. The FBM ACE Index gave up 16.43 points to 4,637.11 while the FBM 70 Index declined 63.94 points to 16,349.43. Sector-wise, the Financial Services Index lost 104.45 points to 18,211.47, the Industrial Products and Services Index was 0.79 of-a-point easier at 155.67, the Energy Index slid 0.29 of-a-point to 714.48, and the Plantation Index garnered 43.47 points to 7,324.40.
Malaysian Reserve
07-05-2025
- Business
- Malaysian Reserve
FBM KLCI bounces back from early dip on selective buying
Bursa Malaysia opened slightly lower today but quickly rebounded, driven by renewed buying interest in selected heavyweights, as recent losses enticed investors back into the market. At 9.25 a.m., the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.85 points to 1,541.65, up from Tuesday's close of 1,536.80. The benchmark index had opened 0.24 of-a-point lower at 1,536.56. Turnover stood at 389.23 million shares, valued at RM156.08 million. Market breadth was positive, with 268 gainers outnumbering 167 decliners. Further, 276 counters were unchanged, 1,624 untraded, and nine suspended. While overall market conditions may remain soft pending the outcome of trade talks, Malacca Securities Sdn Bhd believes traders may focus on defensive sectors today, such as consumer products and services, which have large stock-keeping unit bases that could benefit from margin improvements amid lower import costs. 'Meanwhile, with ongoing contract wins in Johor and potential momentum in Penang, we see a trading opportunity in ITMAX following its breakout, supported by healthy volumes.' 'We also see accumulation opportunities in ReachTen, which we believe remains undervalued,' it said in a note today. Another dealer noted that the market will closely watching the outcome of the US Federal Open Market Committee (FOMC) meeting on May 6–7, as well as the Bank Negara Malaysia's Monetary Policy Committee (MPC) meeting on May 7–8 this week. Among heavyweights, Maybank gained three sen to RM9.99, Tenaga Nasional and IHH Healthcare each added four sen to RM14.10 and RM7.04, respectively. CIMB advanced two sen to RM6.92, while Public Bank slipped two sen to RM4.45. In active trade, Sapura Energy, Reach Ten, and Avangaad each rose by half-a-sen to 4.5 sen, 56.5 sen, and 28 sen, respectively, while Pos Malaysia gained 3.5 sen to 30.5 sen. On the index board, the FBM Emas Index improved by 39.91 points to 11,453.38, the FBMT 100 Index increased by 39.12 points to 11,226.77, and the FBM Emas Shariah Index strengthened by 54.44 points to 11,365.65. The FBM 70 Index gained 71.46 points to 16,133.69, but the FBM ACE Index declined by 0.74 of-a-point to 4,638.03. Across sectors, the Financial Services Index climbed 20.31 points to 18,149.50, the Industrial Products and Services Index rose 0.87 of-a-point to 151.35, and the Energy Index added 4.91 points to 683.53. The Plantation Index, however, shed 7.46 points to 7,277.50. — BERNAMA
