Latest news with #RM3.29bil
The Star
26-05-2025
- Business
- The Star
Offshore investors cash out RM392.3mil net of local equities after 4-week buying spree
KUALA LUMPUR: After four weeks of inflow into the Malaysian stock market, foreign funds reversed course to a net outflow amounting to RM392.3mil. The outflow of funds comes amid profit-taking activity on the market as investors cashed in on blue chips ahead of fresh trading catalysts. According to MIDF Research, foreign investors were net sellers on everyday of the week, taking a bite out of the RM3.29bil in net inflows the market registered during the prior four-week buying streak. The sectors that recorded the most net foreign outflows were financial services (RM240.9mil), consumer products and services (RM139.1mil) and industrial products and services (RM86.2mil). The highest net foreign inflows were recorded in utilities (RM56.5mil), construction (RM54.4mil) and telecommunications and media (RM48.1mil). As foreign investors made their retreat, local institutions picked up the lower prices to register net inflows of RM222.9mil. Local retailers were also net buyers of RM169.4mil after a five-week outflow. The average daily trading volume (ADTV) saw a broad-based decline last week. Local institutions and local retailers saw a decrease of 36.8% and 28.1% respectively, while foreign investors saw a decline of 29.1%. Trading ideas: FGV, Mitrajaya, IJM, Velesto, Advancecon, DLMI, Paramount, Allianz, PetDag, Gas, TIME, Oriental Kopi, Hibiscus
The Star
14-05-2025
- Business
- The Star
FBM KLCI rebounds, closes higher amid regional gains
KUALA LUMPUR: The FBM KLCI rebounded to finish higher on Wednesday, supported by improved sentiment and gains across regional peers. The 30-stock index rose 1.12 points, or 0.07% to 1,583.51 after moving between its intraday high of 1,583.67 and low of 1,573.44. The market showed positive breadth, with more gainers than losers—762 stocks rose, while 360 declined. Liquidity improved to 4.20 billion units valued at RM3.29bil. Among the gainers on Bursa Malaysia, Kluang Rubber rose 45 sen to RM5.96, Malaysian Pacific Industries added 34 sen to RM21.32, Dutch Lady climbed 30 sen to RM29.30 and Hengyuan increased 30 sen to RM1.94. Decliners included United Plantations, which slid 50 sen to RM22.48, Carlsberg, down 32 sen to RM19.16, Nestle, which fell 20 sen to RM84.80, and Chin Tek, losing 19 sen to RM8.19. Among the banks, Public Bank gained three sen to RM4.53, RHB Bank fell four sen to RM6.78, and CIMB lost seven sen to RM7.24. Maybank and Hong Leong Bank closed unchanged at RM10.20 and RM20.20, respectively. Meanwhile, the ringgit strengthened by 0.71% against the US dollar to 4.2910 and gained 0.06% against the Singapore dollar, reaching 3.3097. On the external front, MSCI's Asia ex-Japan stock index was 1.64% higher. Japan's Nikkei 225 closed down 0.14% to 38,128.13 while South Korea's Kospi rose 1.23% to 2,640.57. China's CSI 300 index rose 1.21% to 3,943.21 while the Shanghai Composite added 0.86% to 3,403.95. Hong Kong's Hang Seng closed up 2.3% at 23,640.65.
