Bursa Malaysia remains lower at mid-afternoon
At 3.05 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 4.0 points to 1,504.35 from last Friday's close of 1,508.35.
The benchmark index opened 4.37 points higher at 1,512.72.
Market breadth was negative with 715 decliners and 241 gainers, while 386 counters were unchanged, 1,004 untraded and 15 suspended.
Turnover stood at 2.40 billion units worth RM1.35 billion.
Maybank Investment Bank said in a note today that the benchmark index is expected to range between 1,500 points and 1,520 points today, with supports remaining at 1,500 points and 1,440 points.
Among the heavyweights, QL Resources fell 11 sen to RM4.39, Petronas Chemicals dipped eight sen to RM3.34, Sunway and Press Metal dropped nine sen each to RM4.66 and RM4.95 respectively, and Axiata decreased three sen to RM2.02.
Among the most active counters, Harvest Miracle Capital and ACE Market debutant ICT Zone Asia were flat at 18 sen and 20 sen respectively, Permaju Industries eased half-a-sen to 1.0 sen, Tanco Holdings slid half-a-sen to 99.5 sen, and Eco-Shop Marketing slipped three sen to RM1.23.
On the index board, the FBM Emas Index shaved 42.05 points to 11,257.75, the FBMT 100 Index lost 35.74 points to 11,025.26, and the FBM ACE Index sank 88.68 points to 4,462.35.
The FBM Emas Shariah Index trimmed 49.47 points to 11,206.78, while the FBM 70 Index retreated 77.77 points to 16,123.74.
Sector-wise, the Financial Services Index weakened 34.22 points to 17,806.31, the Industrial Products and Services Index edged down 2.27 points to 150.38, and the Energy Index dropped 7.53 points to 700.69, but the Plantation Index gained 21.82 points to 7,229.67.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Free Malaysia Today
4 hours ago
- Free Malaysia Today
National Climate Change Bill to include incentives for carbon reduction, says minister
Acting natural resources and environmental sustainability minister Johari Ghani said the bill is still in the drafting stage and has yet to be presented to the Cabinet. KUALA LANGAT : The proposed National Climate Change Bill will include incentives for companies that successfully reduce their carbon emissions, says acting natural resources and environmental sustainability minister Johari Ghani. Johari said the bill, among other things, may include provisions for the implementation of carbon credits, which would further support the national agenda to achieve net-zero carbon emissions by 2050. He said the bill is still in the drafting stage and has yet to be presented to the Cabinet. He is currently reviewing the draft, and plans to engage with industry players, including Bursa Malaysia, to gather input and guidelines. The details will be disclosed to the public once the bill is finalised. 'The first draft is already out, but I need to review it thoroughly to ensure that the (proposed) law to be tabled is acceptable to the industry, and can achieve its intended objectives,' he said following an event at Pulau Carey today. On May 29, natural resources and environmental sustainability ministry secretary-general Ching Thoo was reported as saying the bill is expected to be tabled in August.
New Straits Times
8 hours ago
- New Straits Times
Bursa Malaysia likely to maintain upward bias next week
KUALA LUMPUR: Bursa Malaysia is likely to maintain its upward bias next week, building on the renewed buying interest seen over the past two sessions, said UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan. He foresees the FTSE Bursa Malaysia KLCI (FBM KLCI) trading within the 1,540-1,550 range, potentially retesting levels recorded prior to the deadline of the reciprocal tariff deferral. "While (the United States) President Donald Trump's administration has yet to announce any formal amendments to Malaysia's tariff arrangement, the precedent set by recent favourable outcomes for Indonesia and Vietnam lends credence to the prospect of Malaysia's 25 per cent tariff being reviewed," he told Bernama. Furthermore, he said the stronger-than-expected second-quarter gross domestic product figure should offer a constructive backdrop for market sentiment in the week ahead. "In our assessment, the combination of resilient domestic growth and compelling equity valuations, particularly within a selectively risk-on environment is likely to continue attracting foreign investor interest into the Malaysian market," he added. According to the Statistics Department Malaysia (DoSM), Malaysia's economy is forecast to grow by 4.5 per cent in the second quarter of 2025 (2Q 2025) based on advance gross domestic product (GDP) estimates, slightly outpacing the previous quarter's 4.4 per cent. Growth is expected to be driven by robust domestic demand amid global headwinds. For the week just ended, the benchmark index fell 10.21 points to 1,525.86 from 1,536.07 a week earlier. The FBM Emas Index declined 63.75 points to 11,479.83, the FBMT 100 Index dropped 67.05 points to 11,241.69, the FBM Emas Shariah Index slid 14.60 points to 11,537.87, the FBM 70 Index shed 63.63 points to 16,697.72, while the FBM ACE Index rose 133.62 points to 4,671.79. By sector, the Financial Services Index dipped 253.30 points to 17,354.83, the Plantation Index reduced 8.56 points to 7,441.89 and the Energy Index went up 1.51 points to 739.13. Weekly turnover narrowed to 15.53 billion units worth RM11.77 billion from 16.21 billion units worth RM11.43 billion in the previous week. Main Market volume fell to 6.73 billion units valued at RM10.07 billion, compared with 6.99 billion units valued at RM10.02 billion previously. Warrant turnover depreciated to 6.83 billion units worth RM966.72 million from 7.82 billion units worth RM911.38 million a week earlier. ACE Market volume widened to 1.97 billion units valued at RM729.96 million versus 1.41 billion units valued at RM490.78 million previously.
Barnama
a day ago
- 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.
