Latest news with #ThongPakLeng
Barnama
a day ago
- Business
- Barnama
FBM KLCI Futures To Trade Range-bound Next Week
By Durratul Ain Ahmad Fuad KUALA LUMPUR, July 19 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is expected to trade range-bound next week, tracking the underlying cash market. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the 1,530 level is a very critical point. Although the FBM KLCI managed to break through it last Monday, it failed to sustain the level and retreated shortly after, which explains why it still cannot rebound higher, he added. 'From a technical point of view, we reckon the FBM KLCI needs to break the 1,530 level with strong volume and is able to hold this position for a longer period in order to stage a sustainable long-term uptrend. 'We expect the FBM KLCI to remain rangebound and trend within 1,510-1,540 for next week,' he told Bernama. On a weekly basis, the spot month July 2025 contract eased 4.5 points to 1,527.5, August 2025 slid 5.5 points to 1,524.5, September 2025 fell 7.0 points to 1,504.0, and December 2025 slipped 2.5 points to 1,508.0. Turnover for the week dropped to 25,123 lots from 28,804 lots in the previous week, while open interest declined to 38,963 contracts from 40,748 contracts previously. The FBM KLCI ended the week lower, losing 10.21 points to 1,525.86 from 1,536.07 in the previous week.
New Straits Times
2 days ago
- Business
- New Straits Times
Bursa Malaysia ends higher on bargain hunting
KUALA LUMPUR: Bursa Malaysia ended the week on a higher note as bargain hunting continued following the heavy sell-off earlier this week, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.92 points or 0.32 per cent to 1,525.86 from Thursday's close of 1,520.94. The benchmark index opened 2.03 points higher at 1,522.97 and moved between 1,522.97 and 1,529.52 throughout the trading session. The market breadth was positive, with 621 gainers overtaking 393 decliners and 511 counters unchanged, while 933 were untraded and eight suspended. Turnover slightly improved to 3.18 billion shares worth RM2.81 billion, compared with 3.17 billion shares valued at RM2.48 billion on Thursday. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said key regional indices also trended higher thanks to strong earnings from technology companies. Taiwan Semiconductor Manufacturing Company's (TSMC) second quarter (2Q) earnings soared nearly 61 per cent year-on-year to a new record, fuelled by sustained strength in artificial intelligence (AI) chip demand. However, the Japanese stocks were on a downtrend as inflation data came in slightly higher than expected. Thong said sentiment remained fragile for the local bourse as the index failed to re-capture the 1,530 level. "Investors are also reluctant to hold long positions due to many external uncertainties," he told Bernama. UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research Mohd Sedek Jantan said the closing performance by the FBM KLCI was, however, insufficient to lift the index into positive territory on a weekly basis. On a Friday-to-Friday comparison, he noted the index registered a marginal decline of 0.66 per cent. In today's session, industrial products led the gainers, supported by an improving economic outlook for Malaysia, which appears to have alleviated investor concerns over potential economic headwinds stemming from uncertain trade policies and ongoing geopolitical risks. Commenting on the gross domestic product (GDP), the data released today showed Malaysia's advanced estimate for second-quarter GDP coming in at 4.5 per cent, slightly ahead of its projection of 4.3 per cent, reinforcing the resilience of the domestic economy despite persistent external challenges. "The improved sentiment was further buoyed by stronger-than-expected US macroeconomic data overnight. "Notably, US retail sales rose by 0.6 per cent in June, while initial jobless claims fell for the fifth consecutive week to their lowest level since mid-April - both signalling sustained strength in the American labour market. Of the heavyweight stocks, Public Bank and Press Metal Aluminium rose 6.0 sen each to RM4.31 and RM5.13, Gamuda gained 18 sen to RM5.33, Sunway added 7.0 sen to RM5.06 and IHH Healthcare was up 4.0 sen to RM6.57. Among the most active stocks, ACE Market debutant Enproserve Group was 2.5 sen higher at 26.5 sen, NexG added half-a-sen to 49.5 sen, Zetrix AI and Tanco gained 1.0 sen each to 94.5 sen and 91 sen and iCents advanced 2.0 sen to 36 sen.
Malay Mail
2 days ago
- Business
- Malay Mail
Bursa Malaysia rallies on bargain hunting, GDP beat; investors wary amid external uncertainties
KUALA LUMPUR, July 18 — Bursa Malaysia ended the week on a higher note as bargain hunting continued following the heavy sell-off earlier this week, an analyst said. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.92 points or 0.32 per cent to 1,525.86 from Thursday's close of 1,520.94. The benchmark index opened 2.03 points higher at 1,522.97 and moved between 1,522.97 and 1,529.52 throughout the trading session. The market breadth was positive, with 621 gainers overtaking 393 decliners and 511 counters unchanged, while 933 were untraded and eight suspended. Turnover slightly improved to 3.18 billion shares worth RM2.81 billion, compared with 3.17 billion shares valued at RM2.48 billion on Thursday. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said key regional indices also trended higher thanks to strong earnings from technology companies. Taiwan Semiconductor Manufacturing Company's (TSMC) second quarter (Q2) earnings soared nearly 61 per cent year-on-year to a new record, fuelled by sustained strength in artificial intelligence (AI) chip demand. However, the Japanese stocks were on a downtrend as inflation data came in slightly higher than expected. Thong said sentiment remained fragile for the local bourse as the index failed to re-capture the 1,530 level. 'Investors are also reluctant to hold long positions due to many external uncertainties,' he told Bernama. UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research Mohd Sedek Jantan said the closing performance by the FBM KLCI was, however, insufficient to lift the index into positive territory on a weekly basis. On a Friday-to-Friday comparison, he noted the index registered a marginal decline of 0.66 per cent. In today's session, industrial products led the gainers, supported by an improving economic outlook for Malaysia, which appears to have alleviated investor concerns over potential economic headwinds stemming from uncertain trade policies and ongoing geopolitical risks. Commenting on the gross domestic product (GDP), the data released today showed Malaysia's advanced estimate for second-quarter GDP coming in at 4.5 per cent, slightly ahead of its projection of 4.3 per cent, reinforcing the resilience of the domestic economy despite persistent external challenges. 'The improved sentiment was further buoyed by stronger-than-expected US macroeconomic data overnight. 'Notably, US retail sales rose by 0.6 per cent in June, while initial jobless claims fell for the fifth consecutive week to their lowest level since mid-April — both signalling sustained strength in the American labour market. Of the heavyweight stocks, Public Bank and Press Metal Aluminium rose 6.0 sen each to RM4.31 and RM5.13, Gamuda gained 18 sen to RM5.33, Sunway added 7.0 sen to RM5.06 and IHH Healthcare was up 4.0 sen to RM6.57. Among the most active stocks, ACE Market debutant Enproserve Group was 2.5 sen higher at 26.5 sen, NexG added half-a-sen to 49.5 sen, Zetrix AI and Tanco gained 1.0 sen each to 94.5 sen and 91 sen and iCents advanced 2.0 sen to 36 sen. On the index board, the FBM Emas Index expanded by 54.66 points to 11,479.83, the FBMT 100 Index gained 53.32 points to 11,241.69, the FBM Emas Shariah Index advanced 63.90 points to 11,537.87. The FBM 70 Index leapt 153.68 points to 16,697.72 and the FBM ACE Index went up 35.81 points to 4,671.79. Sector-wise, the Financial Services Index increased 52.48 points to 17,354.83, the Industrial Products and Services Index was 1.39 points firmer at 155.38, the Energy Index inched up 0.02 of a point to 739.13, and the Plantation Index bagged 11.35 points to 7,441.89. The Main Market volume widened to 1.50 billion units valued at RM2.46 billion from 1.28 billion units worth RM2.08 billion on Thursday. Warrant turnover fell to 1.22 billion units worth RM165.20 million from 1.38 billion units valued at RM207.39 million previously. The ACE Market volume increased to 466.10 million units valued at RM188.24 million, versus 512.88 million units worth RM192.81 million yesterday. Consumer products and services counters accounted for 176.03 million shares traded on the Main Market; industrial products and services (200.71 million), construction (231.31 million), technology (265.90 million), SPAC (nil), financial services (82.09 million), property (243.06 million), plantation (13.82 million), REITs (29.73 million), closed-end fund (13,000), energy (63.34 million), healthcare (102.26 million), telecommunications and media (28.96 million), transportation and logistics (23.14 million), utilities (39.81 million), and business trusts (10,800). — Bernama
New Straits Times
2 days ago
- Business
- New Straits Times
Bursa Malaysia opens higher, tracking Wall Street's positive performance
KUALA LUMPUR: Bursa Malaysia opened higher today, tracking Wall Street's overnight positive performance, boosted by improved economic data and quarterly earnings reports that exceeded consensus expectations. At 9.11am, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 5.49 points, or 0.36 per cent, to 1,526.43 from Thursday's close of 1,520.94. The benchmark index opened 2.03 points higher at 1,522.97. The broader market was positive, with gainers outpacing decliners 260 to 95, while 267 counters were unchanged, 1,836 untraded, and eight suspended. Turnover stood at 187.29 million shares worth RM128.20 million. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the United States' 10-year yield eased slightly to 4.453 per cent. "Over in Hong Kong, the Hang Seng Index ended marginally lower as traders are sidelined while waiting for fresh catalysts," he told Bernama. Back home, he said the FBM KLCI finally rebounded to above the 1,520 mark, possibly buoyed by stock accumulation by local institutions following days of downtrend. "For today, we expect the index to hover within the 1,515-1,525 range," he added. Among the heavyweight counters, Maybank and IHH Healthcare were 2.0 sen higher each at RM9.55 and RM6.55, respectively. Public Bank increased 1.0 sen to RM4.26, CIMB perked up 7.0 sen to RM6.57, and Tenaga Nasional reduced 4.0 sen to RM13.74. In active trade, ACE debutant Enproserve Group was 5.5 sen higher at 29.5 sen, NexG and Zetrix AI inched up half-a-sen each to 49.5 sen and 94 sen, respectively. KHPT added 1.5 sen to 13.5 sen, and Gamuda rose 12 sen to RM5.27. On the broader index board, the FBM Emas Index advanced 49.94 points to 11,475.11, the FBMT 100 Index climbed 49.74 points to 11,238.11, the FBM Emas Shariah Index appreciated 48.50 points to 11,522.47, the FBM 70 Index jumped 114.12 points to 16,658.16, while the FBM ACE Index ticked up 10.39 of a point to 4,646.37. By sector, the Financial Services Index put on 45.47 points to 17,347.82, the Energy Index edged up 2.16 points to 741.27, the Plantation Index rose 16.62 points to 7,447.16, and the Industrial Products and Services Index strengthened 0.47 of a point to 154.46.
The Star
3 days ago
- Business
- The Star
Bursa Malaysia higher at midday, in sync with regional markets
KUALA LUMPUR: Bursa Malaysia ended the morning trading session higher on Thursday, in line with gains across regional markets. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 5.82 points, or 0.39 per cent, to 1,517.32 from Wednesday's close of 1,511.50. The benchmark index opened 0.39 of a point higher at 1,511.89, and subsequently moved between 1,511.64 and 1,519.50 throughout the session. The broader market was positive with gainers outnumbering decliners 418 to 374, while 430 counters were unchanged, 1,235 untraded and eight suspended. Turnover stood at 1.89 billion units worth RM1.12 billion. The local market was in sync with most of its regional peers -- Hong Kong's Hang Seng Index inched up 0.07 per cent to 24,534.84, Singapore's Straits Times Index rose 0.40 per cent to 4,148.59, and Japan's Nikkei 225 gained by 0.24 per cent to 39,759.93, while South Korea's Kospi slipped 0.05 per cent to 3,184.85. In a note, Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng expects the local benchmark index to remain in consolidation phase. "For today, we expect the index to hover within the 1,500-1,510 range,' he said. Among the heavyweights, Maybank and Public Bank rose one sen each to RM9.54 and RM4.24, respectively. IHH Healthcare went down one sen to RM6.51, while Tenaga Nasional and CIMB were flat at RM13.68 and RM6.50, respectively. As for the most active stocks, iCents Group gained 9.5 sen to 33.5 sen, Tanco added one sen to 90.5 sen, Lotte Chemical Titan improved 6.5 sen to 57 sen, and NexG climbed half-a-sen to 49 sen, while Zetrix AI eased one sen to 94 sen. On the index board, the FBM Emas Index garnered 36.79 points to 11,407.82, the FBMT 100 Index edged up 37.21 points to 11,169.86, and the FBM Emas Shariah Index expanded 46.14 points to 11,450.09. The FBM 70 Index was 30.62 points higher at 16,552.01, while the FBM ACE Index went up 29.95 points to 4,612.03. Sector-wise, the Financial Services Index surged 53.65 points to 17,297.41, the Industrial Products and Services Index was 1.25 points higher at 153.88, the Energy Index ticked up 0.99 of a point to 736.66, and the Plantation Index strengthened 7.07 points to 7,413.86. - Bernama
