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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.
Barnama
19-05-2025
- Business
- Barnama
Bursa Malaysia Ends Lower In Line With Regional Markets
REGION - CENTRAL > NEWS By Siti Radziah Hamzah KUALA LUMPUR, May 19 (Bernama) -- Bursa Malaysia ended lower on Monday, mirroring the lacklustre performance across Asia as weak Chinese economic data and the recent downgrade of the United States' sovereign credit rating weighed on regional market sentiment. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 15.61 points, or 0.99 per cent, to 1,556.14 from Friday's close of 1,571.75. bootstrap slideshow The benchmark index opened 5.18 points lower at 1,566.57 and fluctuated between 1,550.93 and 1,566.57 throughout the trading session. In the broader market, losers thumped gainers 889 to 216, while 384 counters were unchanged, 906 untraded and 17 suspended. Turnover increased to 3.71 billion units worth RM2.27 billion versus last Friday's 2.91 billion units worth RM2.16 billion. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng believed the selldown offers an opportunity to bargain hunt stocks at lower levels. 'We reckon it is time to accumulate blue chips with strong dividend yields, such as banks and utilities, for a better defensive approach. As such, we anticipate the benchmark index will trend within the range of 1,550-1,580 for the week,' he told Bernama. Meanwhile, UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research, Mohd Sedek Jantan, said despite the selling pressure, trading activity remained robust.
New Straits Times
19-05-2025
- Business
- New Straits Times
Bursa Malaysia ends lower in line with regional markets
KUALA LUMPUR: Bursa Malaysia ended lower on Monday, mirroring the lacklustre performance across Asia as weak Chinese economic data and the recent downgrade of the United States' sovereign credit rating weighed on regional market sentiment. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 15.61 points, or 0.99 per cent, to 1,556.14 from Friday's close of 1,571.75. The benchmark index opened 5.18 points lower at 1,566.57 and fluctuated between 1,550.93 and 1,566.57 throughout the trading session. In the broader market, losers thumped gainers 889 to 216, while 384 counters were unchanged, 906 untraded and 17 suspended. Turnover increased to 3.71 billion units worth RM2.27 billion versus last Friday's 2.91 billion units worth RM2.16 billion. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng believed the selldown offers an opportunity to bargain hunt stocks at lower levels. "We reckon it is time to accumulate blue chips with strong dividend yields, such as banks and utilities, for a better defensive approach. As such, we anticipate the benchmark index will trend within the range of 1,550-1,580 for the week," he told Bernama. Meanwhile, UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research, Mohd Sedek Jantan, said despite the selling pressure, trading activity remained robust. He noted that trading volume reached 3.7 billion shares, slightly above the average, suggesting that underlying market participation remains healthy despite the broader risk-off tone. "We remain cautiously optimistic. While near-term risks persist, we view today's sell-off as temporary. The pullback may present a tactical buying opportunity for bargain hunters, particularly in fundamentally sound sectors that have been indiscriminately sold down. "Malaysia's solid external fundamentals and sustained foreign direct investment flows continue to provide an anchor of stability amid broader volatility," Mohd Sedek told Bernama. Among heavyweights, Maybank was flat at RM10.14, Public Bank eased one sen to RM4.49, TNB shed 10 sen to RM14.10, CIMB fell by 8.0 sen to RM7.10, CIMB was 8.0 sen lower at RM7.10 and IHH Healthcare lost 2.0 sen to RM6.99. For active stocks, NexG and Harvest Miracle were flat at 37.5 sen and 18 sen, respectively. SFP Tech trimmed 2.5 sen to 23 sen, Nationgate fell by 8.0 sen to RM1.61, Tanco slipped half-a-sen to 94 sen, and MYEG shed 2.5 sen to 89.5 sen.
The Star
16-05-2025
- Business
- The Star
Bursa Malaysia in consolidation mode, CI ends marginally lower
KUALA LUMPUR: Bursa Malaysia ended the week marginally lower in tandem with the negative performance of key regional indices on continued profit-taking as the market remains in consolidation mode, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.27 points, or 0.08 per cent, to 1,571.75 from Thursday's close of 1,573.02. The benchmark index opened 2.58 points higher at 1,575.60 and rose to a high of 1,580.06 in early trade before falling to a low of 1,568.70 during the afternoon session. In the broader market, losers trounced gainers 613 to 380, while 481 counters were unchanged, 922 untraded and eight suspended. Turnover declined to 2.91 billion units worth RM2.16 billion against 3.71 billion units worth RM2.74 billion on Thursday. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the benchmark index has entered into a short-term consolidation mode following the strong run-up earlier this week. "Nonetheless, we remain optimistic as global funds are flowing into the region and Malaysia will benefit from the spillover effect," he told Bernama. Meanwhile, UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan believes investor sentiment remained cautious, particularly in cyclical sectors which are more sensitive to the macroeconomic outlook following the release of Malaysia's gross domestic product (GDP) data today. Earlier, Bank Negara Malaysia announced that the Malaysian economy expanded by 4.4 per cent in the first quarter of 2025 (1Q 2025) against 4.2 per cent in 1Q 2024, driven by sustained household spending supported by favourable labour market conditions and government policies. "This points to a soft landing scenario, underpinned by resilient domestic demand," said Mohd Sedek. Among heavyweights, Maybank rose four sen to RM10.14, CIMB added two sen to RM7.18, Tenaga Nasional was flat at RM14.20, IHH Healthcare fell two sen to RM7.01, and Public Bank slipped one sen to RM4.50. For active stocks, both NexG and Magma bagged 1.5 sen to 37.5 sen and 41.5 sen respectively, West River added half-a-sen to 36 sen, Ekovest was unchanged at 39 sen, while Tanco increased 1.0 sen to 94.5 sen. On the index board, the FBM Emas Index dropped 27.97 points to 11,746.04, the FBMT 100 Index declined 26.88 points to 11,472.70, and the FBM Emas Shariah Index dipped 44.44 points to 11,674.18. The FBM 70 Index slid 108.77 points to 16,702.41 and the FBM ACE Index fell by 9.28 points to 4,765.86. Across sectors, the Financial Services Index put on 17.16 points to 18,487.65, the Industrial Products and Services Index eased by 0.11 of-a-point to 159.68, the Energy Index shed 7.96 points to 729.38, and the Plantation Index slipped 2.51 points to 7,385.59. The Main Market volume decreased to 1.40 billion units valued at RM1.90 billion against 1.82 billion units valued at RM2.40 billion on Thursday. Warrants turnover narrowed to 1.09 billion units worth RM134.46 million from 1.35 billion units worth RM172.47 million yesterday. The ACE Market volume dwindled to 415.63 million units valued at RM123.51 million versus 537.16 million units valued at RM169.20 million previously. Consumer products and services counters accounted for 226.28 million shares traded on the Main Market, industrial products and services (243.44 million), construction (132.94 million), technology (200.41 million), SPAC (nil), financial services (60.31 million), property (172.36 million), plantation (24.60 million), REITs (14.11 million), closed/fund (19,800), energy (127.58 million), healthcare (63.27 million), telecommunications and media (55.92 million), transportation and logistics (38.39 million), utilities (41.66 million), and business trusts (151,000). - Bernama
