Latest news with #RM959.61
New Straits Times
5 days ago
- Business
- New Straits Times
Bursa maintains gains at midday despite softer regional sentiment
KUALA LUMPUR: Bursa Malaysia ended the morning trading session in positive territory, with bargain hunting expected to emerge following the positive domestic economic data announcement, despite a softer regional market sentiment. At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.22 points, or 0.27 per cent, to 1,553.33 from Thursday's close of 1,549.11. The benchmark index had opened 0.11 of a point lower at 1,549.00 and moved between 1,546.41 and 1,554.27 throughout the session. However, market breadth was negative with 503 decliners outpacing 293 gainers, while another 438 counters were unchanged, 1,279 untraded and nine suspended. Turnover stood at 1.46 billion units worth RM959.61 million. Apex Securities Bhd said market sentiment remains jittery as Wall Street's volatile overnight session reflected lingering concerns over a potential economic slowdown and persistent tariff tensions. However, the brokerage advises investors to remain defensive and stay on the sidelines in light of ongoing global headwinds, while awaiting clearer market direction. "We expect gold-related stocks to gain from rising demand for safe-haven assets, with gold prices continuing to climb, while the energy sector may see some bargain hunting, driven by a recovery in crude oil prices," it said in a note today. Earlier today, the Department of Statistics Malaysia (DOSM) reported that Malaysia's wholesale and retail trade grew steadily by 4.8 per cent in June 2025, with total sales reaching RM153.0 billion. The increase was mainly driven by strong performances in the retail and wholesale trade sub-sectors. Among the heavyweights, Maybank and IHH Healthcare gained one sen to RM9.64 and RM6.96, respectively, Public Bank added four sen to RM4.33, Tenaga Nasional advanced two sen to RM13.78, and CIMB rose seven sen to RM6.85. In active trade, Ekovest dropped 1.5 sen to 39 sen, Tanco eased half-a-sen to 76.5 sen, TWL and Malayan United Industries were flat at 2.5 sen and six sen, respectively, while NexG inched up half-a-sen to 53.5 sen. Across the broader market, the FBM Emas Index strengthened 8.27 points to 11,574.81 and the FBMT 100 Index climbed 12.06 points to 11,352.72, while the FBM Emas Shariah Index edged down 8.24 points to 11,597.92. The FBM ACE Index decreased 32.03 points to 4,598.85, while the FBM 70 Index declined 65.18 points to 16,463.79. By sector, the Financial Services Index jumped 88.25 points to 17,582.71, the Plantation Index increased 57.58 points to 7,406.32, and the Energy Index ticked up 0.93 of a point to 735.61, while the Industrial Products and Services Index eased 0.40 of a point to 157.62.
BusinessToday
5 days ago
- Business
- BusinessToday
Bursa Malaysia Edges Higher At Midday On Bargain Hunting, Strong Trade Data
Bursa Malaysia ended the morning session higher as bargain hunting emerged following upbeat domestic economic data, offsetting softer regional market sentiment. At 12.30pm, the FBM KLCI gained 4.22 points, or 0.27%, to 1,553.33 from Aug 7's close of 1,549.11, after trading between 1,546.41 and 1,554.27. Turnover stood at 1.46 billion shares worth RM959.61 million. Market breadth, however, was negative, with 503 decliners outnumbering 293 gainers, while 438 counters were unchanged. Earlier today, the Department of Statistics Malaysia reported that wholesale and retail trade rose 4.8% year-on-year in June 2025 to RM153 billion, driven by robust performances in both sub-sectors. Despite the good news, heavyweights saw mild gains, with CIMB up seven sen to RM6.85, Public Bank adding four sen to RM4.33, TNB rising two sen to RM13.78, and Maybank and IHH Healthcare inching up one sen each to RM9.64 and RM6.96 respectively. By sector, the Financial Services Index jumped 88.25 points to 17,582.71, the Plantation Index climbed 57.58 points to 7,406.32, and the Energy Index edged up 0.93 of a point to 735.61, while the Industrial Products and Services Index dipped 0.4 of a point to 157.62.
