Latest news with #RM14.14
The Star
28-05-2025
- Business
- The Star
Bursa Malaysia makes cautious rebound on the heels of Wall Street rally
KUALA LUMPUR: A mild midweek bounce on the Malaysian stock market lacked the momentum to break out of the sideways trading pattern, even as Corporate Malaysia headed into the final days of its results season. Stirred by an overnight rally on Wall Street, the FBM KLCI rose 3.98 points to 1,530.14 at Wednesday's open, replacing about half of the losses from the previous session. As expected, the boost of optimism over the delay of Trump's tariffs on EU imports shored up Wall Street prices, which is helping to cushion a lacklustre local market. However, TA Securities Research warned that "the undertone remains cautious as investors await key US economic data later this week to gauge the health of the world's largest economy". "Immediate resistance is revised lower to 1,564 with next upside hurdles seen at the recent high of 1,586, followed by 1,610 ahead. "Immediate index support is also adjusted lower to 1,490, while stronger supports can be found at 1,465 and 1,444," it said in its technical outlook. On the FBM KLCI, MISC jumped 19 sen to RM7.65 and Tenaga Nasional climbed 14 sen to RM14.14. These helped to offset index losses from Kuala Lumpur Kepong dropping 32 sen to RM20.04 and PETRONAS Dagangan shedding 18 sen to RM19.62. On the broader market, Velesto topped the actives list, rising one sen to 17.5 sen with 16.66 million shares done. It outperformed new ACE Market debutant Oasis Home, which was trading flat at 28 sen.
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.
