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Malay Mail
6 days ago
- Business
- Malay Mail
Bursa faces choppy week ahead as US tariff decision looms, says analyst
KUALA LUMPUR, July 26 — The risk of higher United States (US) tariffs on Malaysia as the Aug 1 deadline draws near is likely to weigh on Bursa Malaysia next week, although domestically-oriented counters are expected to remain relatively resilient, supported by firm internal demand and fiscal tailwinds. UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said volatility is expected to intensify as markets approach a critical inflection point in global trade policy. 'Domestically-oriented counters on Bursa Malaysia are likely to remain relatively resilient. However, export-driven sectors may continue to face pressure in the absence of a favourable resolution to the tariff negotiations,' he told Bernama. He noted that no formal announcement has been made on the revised US tariff schedule for Malaysia. 'Should Malaysia succeed in securing a rate below the symbolic 20 per cent threshold, we anticipate renewed investor interest, particularly in the manufacturing and electrical and electronics sectors. Until then, most investors are expected to adopt a wait-and-see approach, prioritising capital preservation over risk-taking,' he said. Regionally, market focus is shifting towards renewed US–China trade diplomacy as Chinese Vice Premier He Lifeng is set to lead high-level negotiations in Sweden from July 27–30, ahead of the expiry of the 90-day tariff suspension on Aug 12. 'The outcome will be instrumental in shaping regional trade sentiment and broader market tone heading into August,' Mohd Sedek said. Globally, investor attention remains fixed on a packed US macroeconomic calendar, particularly with the upcoming the Federal Open Market Committee meeting on July 30, the June Personal Consumption Expenditure inflation print and July non-farm payrolls, which will provide important policy signals. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said market participants will turn their focus to China's July Purchasing Managers Index as well as Eurozone Consumer Price Index. For the week just ended, optimism spurred by Prime Minister Datuk Seri Anwar Ibrahim's 'appreciation package' and renewed confidence in domestic fiscal support lifted utilities and consumer counters, but the momentum proved short-lived as broad-based selling later overshadowed mid-week support from telco stocks. For the week under review, the benchmark index rose 7.90 points to 1,533.76 on Friday from 1,525.86 a week earlier. The FBM Emas Index increased 26.99 points to 11,506.82 and the FBMT 100 Index gained 28.03 points to 11,269.72, but the FBM Emas Shariah Index slid 8.89 points to 11,528.98, the FBM 70 Index dipped 90.15 points to 16,607.57 and the FBM ACE Index dropped 32.77 points to 4,639.02. By sector, the Financial Services Index jumped 99.4 points to 17,454.23, the Plantation Index reduced 7.10 points to 7,434.79 and the Energy Index went up 0.21 of a point to 739.85. Weekly turnover narrowed to 11.92 billion units worth RM11.43 billion from 15.53 billion units worth RM11.77 billion in the previous week. Main Market volume slid to 6.63 billion units valued at RM9.70 billion compared with 6.73 billion units valued at RM10.07 billion previously. Warrant turnover grew to 7.10 billion units worth RM1.15 billion from 6.83 billion units worth RM966.72 million in the preceding week. ACE Market volume shrank to 1.68 billion units valued at RM577.05 million versus 1.97 billion units valued at RM729.96 million previously. — Bernama
Free Malaysia Today
14-07-2025
- Business
- Free Malaysia Today
Bursa ends slightly lower on lack of fresh catalysts
KUALA LUMPUR : The FTSE Bursa Malaysia KLCI (FBM KLCI) ended the week slightly lower today, as investors await fresh catalysts, mainly the ongoing trade negotiations between Malaysia and the US. UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Sedek Jantan said the benchmark index touched an intraday high of 1,541.94 before retreating in the afternoon session, reflecting intermittent profit-taking and a lack of conviction amid external policy uncertainty. Despite the subdued tone, he noted that the underlying momentum remains intact, as valuations continue to look attractive relative to 2024 levels, particularly for long-term investors with a value bias. 'Telecommunications stocks led the gainers, buoyed by balance sheet improvements and investor optimism over earnings quality. 'Conversely, the utilities sector came under pressure, with investors locking in gains following a notable two-week rebound,' he told Bernama. On the regional front, Sedek said the market shows early signs of portfolio reallocation by US-based institutional investors. 'This trend, if sustained, could provide structural support for regional equities, Malaysia included, as tariff risk escalations and a pivot towards looser monetary conditions increase the relative appeal of Asia,' he said. At 5pm, the FBM KLCI eased 0.45 points or 0.03% to 1,536.07 from yesterday's close of 1,536.52. The benchmark index had opened 1.36 points higher at 1,537.88 and hovered between 1,530.77 and 1,541.94 throughout the session. However, the market breadth was positive, with 510 gainers outpacing 450 decliners. A total of 532 counters were unchanged, while 926 were untraded and 10 suspended. Turnover rose to 3.37 billion shares worth RM2.30 billion, compared with 3.25 billion shares worth RM2.45 billion yesterday. Among the heavyweight counters, Maybank lost four sen to RM9.69, but Public Bank gained two sen to RM4.32, Tenaga Nasional was flat at RM13.96, while CIMB slipped two sen to RM6.68, and IHH Healthcare was seven sen lower at RM6.58. In active trade, Zetrix AI and Dagang Nexchange garnered two sen each to RM1 and 32 sen, respectively. Tanco and NexG both improved 0.5 sen to 90.5 sen and 45 sen, respectively, while Sapura Energy reduced 0.5 sen to 3.5 sen. On the index board, the FBM Emas Index gained 15.25 points to 11,543.58, the FBMT 100 Index expanded 15.61 points to 11,308.74, and the FBM Emas Shariah Index added 43.73 points to 11,552.47. The FBM 70 Index increased 105.75 points to 16,761.35, while the FBM ACE Index improved 21.60 points to 4,538.17. By sector, the financial services index fell 14.25 points to 17,608.13, the industrial products and services index inched up 0.55 points to 154.09, while the plantation index fell 10.81 points to 7,450.45. The energy index inched up 1.0 point to 737.62. The Main Market volume inched higher to 1.36 billion units worth RM1.99 billion from 1.32 billion units valued at RM2.17 billion yesterday. Warrants turnover rose to 1.7 billion units valued at RM2.03 million from 1.69 billion units worth RM190.86 million previously. The ACE Market volume rose to 318.83 million units valued at RM107.58 million, versus 241.47 million units worth RM86.17 million yesterday. Consumer products and services counters accounted for 161.98 million shares traded on the Main Market; industrial products and services (201.87 million), construction (109.35 million), technology (265.10 million), SPAC (nil), financial services (81.56 million), property (228.25 million), plantation (12.61 million), REITs (23.88 million), closed-end fund (15,500), energy (91.82 million), healthcare (55.13 million), telecommunications and media (49.04 million), transportation and logistics (33.85 million), utilities (43.83 million), and business trusts (132,600).
Malay Mail
11-07-2025
- Business
- Malay Mail
Bursa Malaysia ends flat as investors await US trade cues, telcos climb while utilities lose steam
KUALA LUMPUR, July 11 — The FTSE Bursa Malaysia KLCI (FBM KLCI) ended the week slightly lower today, as investors await fresh catalysts, mainly the ongoing trade negotiations between Malaysia and the United States (US). At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.45 points or 0.03 per cent to 1,536.07 from yesterday's close of 1,536.52. The benchmark index had opened 1.36 points higher at 1,537.88 and hovered between 1,530.77 and 1,541.94 throughout the session. However, the market breadth was positive, with 510 gainers outpacing 450 decliners. A total of 532 counters were unchanged, while 926 were untraded and 10 suspended. Turnover rose to 3.37 billion shares worth RM2.30 billion, compared with 3.25 billion shares worth RM2.45 billion yesterday. UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research, Mohd Sedek Jantan, said the benchmark index touched an intraday high of 1,541.94 before retreating in the afternoon session, reflecting intermittent profit-taking and a lack of conviction amid external policy uncertainty. Despite the subdued tone, he noted that the underlying momentum remains intact, as valuations continue to look attractive relative to 2024 levels, particularly for long-term investors with a value bias. 'Telecommunications stocks led the gainers, buoyed by balance sheet improvements and investor optimism over earnings quality. Conversely, the utilities sector came under pressure, with investors locking in gains following a notable two-week rebound,' he told Bernama. On the regional front, Mohd Sedek said the market shows early signs of portfolio reallocation by US-based institutional investors. 'This trend, if sustained, could provide structural support for regional equities, Malaysia included, as tariff risk escalations and a pivot toward looser monetary conditions increase the relative appeal of Asia,' he said. Among the heavyweight counters, Maybank lost four sen to RM9.69, but Public Bank gained two sen to RM4.32, Tenaga Nasional was flat at RM13.96, while CIMB slipped two sen to RM6.68, and IHH Healthcare was seven sen lower at RM6.58. In active trade, Zetrix AI and Dagang Nexchange garnered two sen each to RM1 and 32 sen, respectively. Tanco and NexG both improved half-a-sen to 90.5 sen and 45 sen, respectively, while Sapura Energy reduced half-a-sen to 3.5 sen. — Bernama
