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The Sun
21 hours ago
- Business
- The Sun
Bursa Malaysia opens higher amid regional stability, selective buying
KUALA LUMPUR: Bursa Malaysia opened slightly higher on Tuesday, supported by mild bargain hunting as the Thailand-Cambodia truce helped ease regional political concerns. At 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.29 points, or 0.08 per cent, to 1,530.67 from Monday's close of 1,529.38. The benchmark index had opened 0.20 of a point firmer at 1,529.58. Market breadth was slightly negative, with decliners leading gainers 171 to 137. A total of 288 counters were unchanged, 1,925 untraded, and 44 suspended. Turnover stood at 231.67 million shares worth RM112.10 million. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the FBM KLCI could attract further bargain hunting following the unconditional ceasefire agreement between Thailand and Cambodia. He said this was supported by the diplomatic efforts of Prime Minister Datuk Seri Anwar Ibrahim, who brokered the agreement between both countries. Anwar announced the ceasefire after chairing a special meeting on Monday at Putrajaya, attended by Cambodian Prime Minister Hun Manet and Thailand's acting Prime Minister Phumtham Wechayachai. Meanwhile, Thong said Bank Negara Malaysia's (BNM) downward revision of the 2025 gross domestic product (GDP) growth forecast would likely have minimal impact on the local market. He noted that the earlier cut in the overnight policy rate (OPR) could help cushion the impact of the GDP revision, as investor focus shifts to corporate earnings. 'There will likely be no significant reaction unless there is a major upgrade to the GDP outlook. 'As such, we expect the index to hover between the 1,530 and 1,545 range today,' he told Bernama. Among the heavyweights, Maybank rose one sen to RM9.55, Tenaga Nasional gained eight sen to RM13.44, while CIMB eased two sen to RM6.73. Public Bank and IHH Healthcare were flat at RM4.25 and RM6.66, respectively. On the actively traded list, ACE Market debutant Oxford Innotech climbed nine sen to 38 sen, NexG and TWL were unchanged at 53 sen and 2.5 sen, Ekovest shed 3.5 sen to 40.5 sen, and Pharmaniaga fell 2.5 sen to 19 sen. Top gainers included Kuala Lumpur Kepong, which advanced 24 sen to RM20.04; Hong Leong Industries, up 12 sen to RM13.12; and DKLS Industries, which rose five sen to RM1.85. Among the top losers, Nestle slipped 90 sen to RM87.10, and United Plantations declined 12 sen to RM21.78. On the broader market, the FBM Emas Index rose 5.18 points to 11,477.38, the FBMT 100 Index added 7.83 points to 11,240.28, and the FBM Emas Shariah Index gained 8.80 points to 11,498.84. The FBM 70 Index edged up 4.23 points to 16,534.64, while the FBM ACE Index inched up 3.39 points to 4,639.99. Sector-wise, the Financial Services Index added 0.15 of a point to 17,408.52, the Industrial Products and Services Index was up 0.07 of a point at 157.46, the Energy Index fell 2.05 points to 738.74, and the Plantation Index dropped 21.02 points to 7,442.21. - Bernama
Malaysian Reserve
21 hours ago
- Business
- Malaysian Reserve
Bursa opens firmer on regional calm, selective buying
BURSA MALAYSIA opened slightly higher on Tuesday, supported by mild bargain hunting as the Thailand-Cambodia truce helped ease regional political concerns. At 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.29 points, or 0.08 per cent, to 1,530.67 from Monday's close of 1,529.38. The benchmark index had opened 0.20 of a point firmer at 1,529.58. Market breadth was slightly negative, with decliners leading gainers 171 to 137. A total of 288 counters were unchanged, 1,925 untraded, and 44 suspended. Turnover stood at 231.67 million shares worth RM112.10 million. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the FBM KLCI could attract further bargain hunting following the unconditional ceasefire agreement between Thailand and Cambodia. He said this was supported by the diplomatic efforts of Prime Minister Datuk Seri Anwar Ibrahim, who brokered the agreement between both countries. Anwar announced the ceasefire after chairing a special meeting on Monday at Putrajaya, attended by Cambodian Prime Minister Hun Manet and Thailand's acting Prime Minister Phumtham Wechayachai. Meanwhile, Thong said Bank Negara Malaysia's (BNM) downward revision of the 2025 gross domestic product (GDP) growth forecast would likely have minimal impact on the local market. He noted that the earlier cut in the overnight policy rate (OPR) could help cushion the impact of the GDP revision, as investor focus shifts to corporate earnings. 'There will likely be no significant reaction unless there is a major upgrade to the GDP outlook. 'As such, we expect the index to hover between the 1,530 and 1,545 range today,' he told Bernama. Among the heavyweights, Maybank rose one sen to RM9.55, Tenaga Nasional gained eight sen to RM13.44, while CIMB eased two sen to RM6.73. Public Bank and IHH Healthcare were flat at RM4.25 and RM6.66, respectively. On the actively traded list, ACE Market debutant Oxford Innotech climbed nine sen to 38 sen, NexG and TWL were unchanged at 53 sen and 2.5 sen, Ekovest shed 3.5 sen to 40.5 sen, and Pharmaniaga fell 2.5 sen to 19 sen. Top gainers included Kuala Lumpur Kepong, which advanced 24 sen to RM20.04; Hong Leong Industries, up 12 sen to RM13.12; and DKLS Industries, which rose five sen to RM1.85. Among the top losers, Nestle slipped 90 sen to RM87.10, and United Plantations declined 12 sen to RM21.78. On the broader market, the FBM Emas Index rose 5.18 points to 11,477.38, the FBMT 100 Index added 7.83 points to 11,240.28, and the FBM Emas Shariah Index gained 8.80 points to 11,498.84. The FBM 70 Index edged up 4.23 points to 16,534.64, while the FBM ACE Index inched up 3.39 points to 4,639.99. Sector-wise, the Financial Services Index added 0.15 of a point to 17,408.52, the Industrial Products and Services Index was up 0.07 of a point at 157.46, the Energy Index fell 2.05 points to 738.74, and the Plantation Index dropped 21.02 points to 7,442.21. — BERNAMA
Barnama
21 hours ago
- Business
- Barnama
Bursa Opens Firmer On Regional Calm, Selective Buying
At 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.29 points, or 0.08 per cent, to 1,530.67 from Monday's close of 1,529.38. KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia opened slightly higher on Tuesday, supported by mild bargain hunting as the Thailand-Cambodia truce helped ease regional political concerns. Market breadth was slightly negative, with decliners leading gainers 171 to 137. A total of 288 counters were unchanged, 1,925 untraded, and 44 suspended. The benchmark index had opened 0.20 of a point firmer at 1,529.58. Anwar announced the ceasefire after chairing a special meeting on Monday at Putrajaya, attended by Cambodian Prime Minister Hun Manet and Thailand's acting Prime Minister Phumtham Wechayachai. He said this was supported by the diplomatic efforts of Prime Minister Datuk Seri Anwar Ibrahim, who brokered the agreement between both countries. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the FBM KLCI could attract further bargain hunting following the unconditional ceasefire agreement between Thailand and Cambodia. Meanwhile, Thong said Bank Negara Malaysia's (BNM) downward revision of the 2025 gross domestic product (GDP) growth forecast would likely have minimal impact on the local market. He noted that the earlier cut in the overnight policy rate (OPR) could help cushion the impact of the GDP revision, as investor focus shifts to corporate earnings. 'There will likely be no significant reaction unless there is a major upgrade to the GDP outlook. 'As such, we expect the index to hover between the 1,530 and 1,545 range today,' he told Bernama. Among the heavyweights, Maybank rose one sen to RM9.55, Tenaga Nasional gained eight sen to RM13.44, while CIMB eased two sen to RM6.73. Public Bank and IHH Healthcare were flat at RM4.25 and RM6.66, respectively. On the actively traded list, ACE Market debutant Oxford Innotech climbed nine sen to 38 sen, NexG and TWL were unchanged at 53 sen and 2.5 sen, Ekovest shed 3.5 sen to 40.5 sen, and Pharmaniaga fell 2.5 sen to 19 sen. Top gainers included Kuala Lumpur Kepong, which advanced 24 sen to RM20.04; Hong Leong Industries, up 12 sen to RM13.12; and DKLS Industries, which rose five sen to RM1.85. Among the top losers, Nestle slipped 90 sen to RM87.10, and United Plantations declined 12 sen to RM21.78. On the broader market, the FBM Emas Index rose 5.18 points to 11,477.38, the FBMT 100 Index added 7.83 points to 11,240.28, and the FBM Emas Shariah Index gained 8.80 points to 11,498.84. The FBM 70 Index edged up 4.23 points to 16,534.64, while the FBM ACE Index inched up 3.39 points to 4,639.99. Sector-wise, the Financial Services Index added 0.15 of a point to 17,408.52, the Industrial Products and Services Index was up 0.07 of a point at 157.46, the Energy Index fell 2.05 points to 738.74, and the Plantation Index dropped 21.02 points to 7,442.21. -- 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
Malaysian Reserve
2 days ago
- Business
- Malaysian Reserve
Wall Street rally lifts Bursa at open
BURSA MALAYSIA rebounded from last week's losses to open higher on Monday, tracking overnight gains on Wall Street. At 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.03 points, or 0.26 per cent, to 1,537.79 from Friday's close of 1,533.76. The benchmark index had opened 4.29 points firmer at 1,538.05. Market breadth was positive, with gainers outpacing losers 224 to 133. A total of 293 counters were unchanged, 1,904 untraded, and 43 suspended. Turnover stood at 182.48 million shares worth RM110.09 million. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said Wall Street closed broadly higher, supported by strong United States (US) corporate earnings and positive trade signals, as President Donald Trump indicated more deals could be finalised before the Aug 1 deadline. Regionally, he noted that Hong Kong's Hang Seng Index slipped on profit-taking after a five-day rally. 'Back home, we believe the market is taking a breather and is poised to resume its climb. As such, we expect the index to hover within the 1,530–1,540 range today,' he told Bernama. Among the heavyweights, Maybank rose four sen to RM9.58, Public Bank added one sen to RM4.30, CIMB and IHH Healthcare gained two sen each to RM6.77 and RM6.68 respectively, while Tenaga Nasional slipped four sen to RM13.56. On the actively traded list, YTL Corporation advanced eight sen to RM2.56, Sapura Energy edged up half-a-sen to four sen, Ekovest improved one sen to 41 sen, while NexG and TWL Holdings were flat at 52.5 sen and 2.5 sen respectively. On the broader index board, the FBM Emas Index rose 30.82 points to 11,537.64, the FBMT 100 Index gained 29.54 points to 11,299.26, and the FBM Emas Shariah Index added 21.54 points to 11,550.49. The FBM 70 Index was 43.30 points higher at 16,650.87, while the FBM ACE Index inched up 4.64 points to 4,643.66. Sector-wise, the Financial Services Index climbed 44.89 points to 17,499.12, the Industrial Products and Services Index added 0.28 of a point to 157.42, and the Energy Index rose 0.13 of a point to 739.98. The Plantation Index, however, slipped 4.36 points to 7,430.43. — BERNAMA
Barnama
4 days ago
- Business
- Barnama
FBM KLCI Futures To Trade Within Narrow Range Next Week On Cautious Sentiment
WORLD By Harizah Hanim Mohamed KUALA LUMPUR, July 26 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is expected to trade within a narrow range next week, tracking the underlying cash market. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the resistance level is located at 1,540 and the support at 1,520, with the FBM KLCI is likely to remain range-bound between 1,510 and 1,540 in the coming week. 'Over the past few weeks, the benchmark index has repeatedly tested and hovered around the 1,530 without making a clear breakout. The ongoing sideways movement since June, coupled with thinning volume, signals cautious investor sentiment,' he told Bernama. On a weekly basis, the spot month July 2025 and August 2025 contracts gained four points each to 1,531.5 and 1,528.5, respectively. September 2025 added 5.5 points to 1,509.5, while December 2025 inched up 3.5 points to 1,511.5. Turnover for the week improved to 28,103 lots from 25,123 lots in the previous week, while open interest jumped to 48,755 contracts from 38,963 contracts previously. The FBM KLCI ended the week better, advancing 7.90 points to 1,533.76 from 1,525.86 in the previous week. -- BERNAMA
