Latest news with #RM9.99
Malaysian Reserve
07-05-2025
- Business
- Malaysian Reserve
FBM KLCI bounces back from early dip on selective buying
Bursa Malaysia opened slightly lower today but quickly rebounded, driven by renewed buying interest in selected heavyweights, as recent losses enticed investors back into the market. At 9.25 a.m., the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.85 points to 1,541.65, up from Tuesday's close of 1,536.80. The benchmark index had opened 0.24 of-a-point lower at 1,536.56. Turnover stood at 389.23 million shares, valued at RM156.08 million. Market breadth was positive, with 268 gainers outnumbering 167 decliners. Further, 276 counters were unchanged, 1,624 untraded, and nine suspended. While overall market conditions may remain soft pending the outcome of trade talks, Malacca Securities Sdn Bhd believes traders may focus on defensive sectors today, such as consumer products and services, which have large stock-keeping unit bases that could benefit from margin improvements amid lower import costs. 'Meanwhile, with ongoing contract wins in Johor and potential momentum in Penang, we see a trading opportunity in ITMAX following its breakout, supported by healthy volumes.' 'We also see accumulation opportunities in ReachTen, which we believe remains undervalued,' it said in a note today. Another dealer noted that the market will closely watching the outcome of the US Federal Open Market Committee (FOMC) meeting on May 6–7, as well as the Bank Negara Malaysia's Monetary Policy Committee (MPC) meeting on May 7–8 this week. Among heavyweights, Maybank gained three sen to RM9.99, Tenaga Nasional and IHH Healthcare each added four sen to RM14.10 and RM7.04, respectively. CIMB advanced two sen to RM6.92, while Public Bank slipped two sen to RM4.45. In active trade, Sapura Energy, Reach Ten, and Avangaad each rose by half-a-sen to 4.5 sen, 56.5 sen, and 28 sen, respectively, while Pos Malaysia gained 3.5 sen to 30.5 sen. On the index board, the FBM Emas Index improved by 39.91 points to 11,453.38, the FBMT 100 Index increased by 39.12 points to 11,226.77, and the FBM Emas Shariah Index strengthened by 54.44 points to 11,365.65. The FBM 70 Index gained 71.46 points to 16,133.69, but the FBM ACE Index declined by 0.74 of-a-point to 4,638.03. Across sectors, the Financial Services Index climbed 20.31 points to 18,149.50, the Industrial Products and Services Index rose 0.87 of-a-point to 151.35, and the Energy Index added 4.91 points to 683.53. The Plantation Index, however, shed 7.46 points to 7,277.50. — BERNAMA
Barnama
24-04-2025
- Business
- Barnama
Bursa Malaysia Opens Higher On Wall Street Boost, Trade Hopes
At 9.27 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.60 points to 1,502.79 from Wednesday's close of 1,501.19. KUALA LUMPUR, April 24 (Bernama) -- Bursa Malaysia opened higher on Thursday, tracking overnight gains on Wall Street as investor sentiment improved on hopes of easing US-China trade tensions and a more consistent tone from US President Donald Trump. Market breadth was positive, with 263 gainers outpacing 180 decliners. A total of 301 counters were unchanged, while 1,671 were untraded and 13 suspended. 'Meanwhile, Hong Kong's market held firm and climbed above the 22,000 mark as sentiment improved on expectations that Trump may soften his stance on China and could even lower the existing 145 per cent tariff substantially,' he added. 'At this juncture, it seems like 'no news is good news',' he told Bernama. Rakuten Trade Sdn Bhd, equity research vice-president Thong Pak Leng said sentiment appeared to be buoyed by the slight decline in the US 10-year Treasury yield, which eased to 4.385 per cent. Back home, Thong said it remained to be seen whether the FBM KLCI's position above the 1,500 level is sustainable, though he is hopeful the index could soon re-test the 1,530 mark. 'Notwithstanding this, daily trading volume remains subdued at below 3.0 billion shares. As such, we expect market sentiment to stay cautious, with the index likely to trend within the 1,500–1,515 range today,' he said. Among the heavyweights, Maybank added four sen to RM9.99, Tenaga Nasional rose two sen to RM13.52, and CIMB Group gained six sen to RM6.91. However, Public Bank and IHH Healthcare eased three sen each to RM4.37 and RM6.83, respectively. In active trade, SFP Tech rose 2.5 sen to 23 sen, Digistar edged up one sen to 5.5 sen, while Richtech slipped two sen to 25 sen. Velesto Energy and My E.G. Services added half-a-sen each to 15 sen and 89.5 sen, respectively. On the index board, the FBM Emas Index gained 14.91 points to 11,136.51, the FBMT 100 Index rose 13.94 points to 10,916.70, and the FBM Emas Shariah Index advanced 11.68 points to 10,958.32. The FBM 70 Index climbed 29.01 points to 15,579.89, while the FBM ACE Index recovered 8.92 points to 4,611.61. Across sectors, the Financial Services Index strengthened 41.71 points to 17,979.92, the Industrial Products and Services Index edged up 0.10 of-a-point to 145.29, and the Energy Index added 1.45 points to 663.18. The Plantation Index, however, slipped 2.68 points to 7,211.81. -- BERNAMA BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies. Follow us on social media : Facebook : @bernamaofficial, @bernamatv, @bernamaradio Twitter : @ @BernamaTV, @bernamaradio Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial TikTok : @bernamaofficial
