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Free Malaysia Today
05-05-2025
- Business
- Free Malaysia Today
Bursa closes marginally lower on profit-taking activities
KUALA LUMPUR : Bursa Malaysia closed marginally lower due to profit-taking activities on telecommunications, construction and energy stocks, analysts said. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said key regional indices climbed modestly on the back of stronger local currencies, while trading volumes were light due to market closures in China and Hong Kong. 'Back home, we see today's profit-taking as a constructive pause, enabling the market to digest recent gains and establish a firmer base for sustained upside. 'This also presents an opportunity for bargain hunters, given the cheaper valuations of the benchmark index. 'We anticipate the FTSE Bursa Malaysia KLCI (FBM KLCI) to trend within the range of 1,525-1,555 for the week,' Thong told Bernama. At 5pm, the FBM KLCI declined by 0.19%, or 2.95 points, to 1,539.54 from last Friday's close of 1,542.49. The market bellwether opened 0.71 of-a-point easier at 1,541.78 and moved between 1,534.52 and 1,548.95 throughout the trading session. Turnover decreased to 2.34 billion units worth RM2.08 billion against Friday's 2.73 billion units valued at RM2.46 billion. Among the heavyweights, 99 Speed Mart fell five sen to RM2.22, CelcomDigi shed seven sen to RM3.78, Kuala Lumpur Kepong declined 34 sen to RM19.52, Maxis slid six sen to RM3.65 and Petronas Dagangan lost 26 sen to RM19.24. In active trade, ACE Market debutant West River shed two sen to 37 sen, SFP Tech gained 1.5 sen to 23.5 sen, NationGate shaved five sen to RM1.47, Velesto was flat at 15.5 sen and MyEG eased two sen to 88.5 sen. On the index board, the FBM Emas Index was 48.20 points lower at 11,441.18, the FBMT 100 Index depreciated 41.98 points to 11,215.26, and the FBM Emas Shariah Index weakened 86.85 points to 11,303.49. The FBM 70 Index dwindled 142.05 points to 16,132.49, and the FBM ACE Index slid 24.14 points to 4,625.06. Across sectors, the financial services index rose 35.22 points to 18,276.17 while the industrial products and services index fell 0.50 of-a-point to 151.79, the energy index trimmed 12.26 points to 682.71, and the plantation index dropped 35.15 points to 7,248.62. The Main Market volume narrowed to 1.51 billion units valued at RM1.91 billion against last Friday's 1.70 billion units worth RM2.04 billion. Warrants turnover decreased to 373.95 million units worth RM22.31 million from 689.48 million units valued at RM75.64 million previously. The ACE Market volume increased to 454.30 million units valued at RM139.10 million compared with 341.65 million units worth RM108.73 million on Friday. Consumer products and services counters accounted for 213.85 million shares traded on the Main Market, industrial products and services (227.14 million), construction (185.09 million), technology (238.31 million), SPAC (nil), financial services (53.31 million), property (206.55 million), plantation (16.86 million), REITs (18.85 million), closed/fund (11,200), energy (171.06 million), healthcare (60.85 million), telecommunications and media (32.68 million), transportation and logistics (32.16 million), utilities (58.01 million), and business trusts (5,000).
Malay Mail
05-05-2025
- Business
- Malay Mail
Bursa Malaysia closes marginally lower on profit-taking activities
KUALA LUMPUR, May 5 — Bursa Malaysia closed marginally lower due to profit-taking activities on telecommunications, construction and energy stocks, analysts said. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined by 0.19 per cent, or 2.95 points, to 1,539.54 from last Friday's close of 1,542.49. The market bellwether opened 0.71 of-a-point easier at 1,541.78 and moved between 1,534.52 and 1,548.95 throughout the trading session. Turnover decreased to 2.34 billion units worth RM2.08 billion against Friday's 2.73 billion units valued at RM2.46 billion. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said key regional indices climbed modestly on the back of stronger local currencies, while trading volumes were light due to market closures in China and Hong Kong. 'Back home, we see today's profit-taking as a constructive pause, enabling the market to digest recent gains and establish a firmer base for sustained upside. 'This also presents an opportunity for bargain hunters given the cheaper valuations of the benchmark index. We anticipate the FBM KLCI to trend within the range of 1,525-1,555 for the week,' Thong told Bernama. Among the heavyweights, 99 Speed Mart fell five sen to RM2.22, CelcomDigi shed seven sen to RM3.78, Kuala Lumpur Kepong declined 34 sen to RM19.52, Maxis slid six sen to RM3.65 and Petronas Dagangan lost 26 sen to RM19.24. In active trade, ACE Market debutant West River shed two sen to 37 sen, SFP Tech gained 1.5 sen to 23.5 sen, Nationgate shaved five sen to RM1.47, Velesto was flat at 15.5 sen and MYEG was eased two sen to 88.5 sen. On the index board, the FBM Emas Index was 48.20 points lower at 11,441.18, the FBMT 100 Index depreciated 41.98 points to 11,215.26, and the FBM Emas Shariah Index weakened 86.85 points to 11,303.49. The FBM 70 Index dwindled 142.05 points to 16,132.49, and the FBM ACE Index slid 24.14 points to 4,625.06. Across sectors, the Financial Services Index rose 35.22 points to 18,276.17 while the Industrial Products and Services Index fell 0.50 of-a-point to 151.79, the Energy Index trimmed 12.26 points to 682.71, and the Plantation Index dropped 35.15 points to 7,248.62. The Main Market volume narrowed to 1.51 billion units valued at RM1.91 billion against last Friday's 1.70 billion units worth RM2.04 billion. Warrants turnover decreased to 373.95 billion units worth RM22.31 million from 689.48 billion units valued at RM75.64 million previously. The ACE Market volume increased to 454.30 million units valued at RM139.10 million compared with 341.65 million units worth RM108.73 million on Friday. Consumer products and services counters accounted for 213.85 million shares traded on the Main Market, industrial products and services (227.14 million), construction (185.09 million), technology (238.31 million), SPAC (nil), financial services (53.31 million), property (206.55 million), plantation (16.86 million), REITs (18.85 million), closed/fund (11,200), energy (171.06 million), healthcare (60.85 million), telecommunications and media (32.68 million), transportation and logistics (32.16 million), utilities (58.01 million), and business trusts (5,000). — Bernama
New Straits Times
05-05-2025
- Business
- New Straits Times
Bursa Malaysia closes marginally lower on profit-taking activities
Bernama KUALA LUMPUR: Bursa Malaysia closed marginally lower due to profit-taking activities on telecommunications, construction and energy stocks, analysts said. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined by 0.19 per cent, or 2.95 points, to 1,539.54 from last Friday's close of 1,542.49. The market bellwether opened 0.71 of-a-point easier at 1,541.78 and moved between 1,534.52 and 1,548.95 throughout the trading session. Turnover decreased to 2.34 billion units worth RM2.08 billion against Friday's 2.73 billion units valued at RM2.46 billion. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said key regional indices climbed modestly on the back of stronger local currencies, while trading volumes were light due to market closures in China and Hong Kong. "Back home, we see today's profit-taking as a constructive pause, enabling the market to digest recent gains and establish a firmer base for sustained upside. "This also presents an opportunity for bargain hunters given the cheaper valuations of the benchmark index. We anticipate the FBM KLCI to trend within the range of 1,525-1,555 for the week," Thong told Bernama.
Malaysian Reserve
05-05-2025
- Business
- Malaysian Reserve
Bursa Malaysia closes marginally lower on profit-taking activities
KUALA LUMPUR — Bursa Malaysia closed marginally lower due to profit-taking activities on telecommunications, construction and energy stocks, analysts said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined by 0.19 per cent, or 2.95 points, to 1,539.54 from last Friday's close of 1,542.49. The market bellwether opened 0.71 of-a-point easier at 1,541.78 and moved between 1,534.52 and 1,548.95 throughout the trading session. Turnover decreased to 2.34 billion units worth RM2.08 billion against Friday's 2.73 billion units valued at RM2.46 billion. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said key regional indices climbed modestly on the back of stronger local currencies, while trading volumes were light due to market closures in China and Hong Kong. 'Back home, we see today's profit-taking as a constructive pause, enabling the market to digest recent gains and establish a firmer base for sustained upside. 'This also presents an opportunity for bargain hunters given the cheaper valuations of the benchmark index. We anticipate the FBM KLCI to trend within the range of 1,525-1,555 for the week,' Thong told Bernama. Among the heavyweights, 99 Speed Mart fell five sen to RM2.22, CelcomDigi shed seven sen to RM3.78, Kuala Lumpur Kepong declined 34 sen to RM19.52, Maxis slid six sen to RM3.65 and Petronas Dagangan lost 26 sen to RM19.24. In active trade, ACE Market debutant West River shed two sen to 37 sen, SFP Tech gained 1.5 sen to 23.5 sen, Nationgate shaved five sen to RM1.47, Velesto was flat at 15.5 sen and MYEG was eased two sen to 88.5 sen. — BERNAMA
New Straits Times
29-04-2025
- Business
- New Straits Times
Tuju Setia poised for stronger earnings growth in FY25
KUALA LUMPUR: Tuju Setia Bhd's earnings could improve in the financial year 2025 (FY25) following the significant drop in raw material prices and operating costs, according to Rakuten Trade Sdn Bhd. The firm said the construction firm successfully achieved a turnaround in FY24 and expected to grow stronger going forward. It noted that Tuju Setia's outstanding order book stood at RM2.08 billion as of early April 2025, offering strong earnings visibility through to 2028. "In FY24, it secured project wins totalling RM1.6 billion in FY24 from repeat and reputable clients, such as Sunway Group, Avaland, SimeProp, Pelaburan Hartanah, BRDB and Beverly Group. "This solid pipeline enables the Group to leverage operational scale, maintain high work quality and build resilience," it added. Rakuten Trade projects Tuju Setia to record net earnings of RM8.6 million in FY25 and RM15.9 million in FY26, supported by increased project recognition and improving profit margins. The firm said Tuju Setia Bhd is expected to reward shareholders with dividend payouts of 0.6 sen and 1.1 sen for FY25 and FY26, respectively, translating into estimated dividend yields of 2.7 per cent and 5.0 per cent. While concerns remain over the company's relatively high net gearing ratio of 1.07 times as of FY24, it said stronger projected earnings for FY25 are expected to ease the balance sheet. Net gearing is anticipated to improve to below 0.9 times by end-FY25F and further decline to around 0.6 times by end-FY26. Rakuten Trade has issued a "buy" recommendation on Tuju Setia, with a target price of 37 sen per share.
