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New Straits Times
11-06-2025
- Business
- New Straits Times
Bursa Malaysia opens firmer amid heavyweight buying support
KUALA LUMPUR: Bursa Malaysia opened on a firmer note on Wednesday, with the key index climbing 0.46 per cent, buoyed by buying interest in heavyweight counters and tracking Wall Street, which ended broadly higher. At 9.05 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) raked in 7.06 points to 1,524.01 from Tuesday's close of 1,516.95. The benchmark index opened at 1,520.86, higher by 3.91 points. Market breadth was positive with 156 advancers versus 74 decliners, while 220 counters were unchanged, 1,919 untraded and 11 suspended. Turnover stood at 81.25 million units, valued at RM46.47 million. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng elaborated that Wall Street ended broadly higher as traders hoped for a positive resolution from the ongoing trade discussions between China and the United States (US). "Although the US has been sounding rather bullish on the negotiation, the situation remains fluid as China remains quiet," he told Bernama. Back home, the FBM KLCI, as usual, ended slightly lower, possibly due to foreign selling again, while the lack of interest in domestic equities has been quite profound of late, as trading activities have been muted over the past months. "In the absence of fresh incentives, there was no allure for traders to delve into the local bourse, hence the waning interests. "Even the initial public offerings were not spared, as most registered marginal gains at best. For today, we expect the index to hover within the 1,510-1,520 range," he said. Among the heavyweight counters, CIMB added six sen to RM6.91, YTL rose five sen to RM3.56, Public Bank accumulated two sen to RM4.28, and CelcomDigi and YTL were three sen better at RM3.81 and RM2.05, respectively. Among the most active stocks, MPire advanced half-a-sen to 12 sen, Benalec was 1.5 sen higher at 10 sen, Eversendai warrant was unchanged at 8.5 sen, KNM was flat at three sen, and CTOS lost two sen to 96 sen. On the index board, the FBM Emas Index rose 39.43 points to 11,433.55, the FBMT 100 Index improved 44.18 points to 11,203.73, and the FBM Emas Shariah Index rose 33.28 points to 11,402.50. The FBM 70 Index gained 34.50 points to 16,521.16 and the FBM ACE Index ticked up 4.14 points to 4,514.92. Sector-wise, the Financial Services Index garnered 64.06 points to 17,758.37, the Industrial Products and Services Index notched up 0.27 of a point to 152.18, and the Plantation Index gained 20.14 points to 7,230.17. However, the Energy Index trimmed 0.08 of-a-point to 723.23.
Malaysian Reserve
11-06-2025
- Business
- Malaysian Reserve
Bursa Malaysia opens firmer amid heavyweight buying support
BURSA Malaysia opened on a firmer note on Wednesday, with the key index climbing 0.46 per cent, buoyed by buying interest in heavyweight counters and tracking Wall Street, which ended broadly higher. At 9.05 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) raked in 7.06 points to 1,524.01 from Tuesday's close of 1,516.95. The benchmark index opened at 1,520.86, higher by 3.91 points. Market breadth was positive with 156 advancers versus 74 decliners, while 220 counters were unchanged, 1,919 untraded and 11 suspended. Turnover stood at 81.25 million units, valued at RM46.47 million. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng elaborated that Wall Street ended broadly higher as traders hoped for a positive resolution from the ongoing trade discussions between China and the United States (US). 'Although the US has been sounding rather bullish on the negotiation, the situation remains fluid as China remains quiet,' he told Bernama. Back home, the FBM KLCI, as usual, ended slightly lower, possibly due to foreign selling again, while the lack of interest in domestic equities has been quite profound of late, as trading activities have been muted over the past months. 'In the absence of fresh incentives, there was no allure for traders to delve into the local bourse, hence the waning interests. 'Even the initial public offerings were not spared, as most registered marginal gains at best. For today, we expect the index to hover within the 1,510-1,520 range,' he said. Among the heavyweight counters, CIMB added six sen to RM6.91, YTL rose five sen to RM3.56, Public Bank accumulated two sen to RM4.28, and CelcomDigi and YTL were three sen better at RM3.81 and RM2.05, respectively. Among the most active stocks, MPire advanced half-a-sen to 12 sen, Benalec was 1.5 sen higher at 10 sen, Eversendai warrant was unchanged at 8.5 sen, KNM was flat at three sen, and CTOS lost two sen to 96 sen. On the index board, the FBM Emas Index rose 39.43 points to 11,433.55, the FBMT 100 Index improved 44.18 points to 11,203.73, and the FBM Emas Shariah Index rose 33.28 points to 11,402.50. The FBM 70 Index gained 34.50 points to 16,521.16 and the FBM ACE Index ticked up 4.14 points to 4,514.92. Sector-wise, the Financial Services Index garnered 64.06 points to 17,758.37, the Industrial Products and Services Index notched up 0.27 of a point to 152.18, and the Plantation Index gained 20.14 points to 7,230.17. However, the Energy Index trimmed 0.08 of-a-point to 723.23. — BERNAMA
New Straits Times
22-05-2025
- Automotive
- New Straits Times
Prolintas Infra's Q1 earnings surge 70.5pct
KUALA LUMPUR: Prolintas Infra Business Trust posted a 70.5 per cent rise in net profit to RM3.56 million for the first quarter ended March 31, 2025 (1Q25) from RM2.1 million a year ago, supported by increased toll revenue. Its revenue for the quarter edged up 3.21 per cent to RM78.99 million from RM76.5 million a year earlier, driven by higher toll collections. Toll collection rose 3.2 per cent to RM77.8 million from RM75.4 million, fuelled by stronger traffic volumes across its major highways. "Growth was mainly contributed by higher traffic on its key expressways - with the Sistem Lingkaran Lebuhraya Kajang recording a 3.8 per cent increase, the Guthrie Corridor Expressway up 3.1 per cent, the Ampang-Kuala Lumpur Elevated Highway rising 2.8 per cent, and the Lebuhraya Kemuning-Shah Alam growing 1.8 per cent," it said in a statement. The trust said it is confident in the future performance of its highways, highlighting plans to support organic growth by introducing value-added services and amenities along its routes. These efforts aim to enhance revenue potential and position its highways as the preferred choice for motorists.
