
Bursa Opens Flat As FBMKLCI Inches Down 0.02% To 1,518.75
Broader indices also trended lower, with the FBM 70 shedding 88.90 points (-0.54%) to 16,243.41, and the FBM EMAS falling 18.10 points (-0.16%) to 11,364.23. The FBM Shariah Index declined 29.02 points (-0.26%) to 11,336.81, while the FTSE4Good Bursa Malaysia Index (F4GBM) dipped 1.23 points to 915.89.
Among the most active stocks, Velesto remained unchanged at RM0.185 with over 144 million shares traded, while Natgate rose 6 sen to RM1.500 with 74.8 million shares changing hands. SMTrack, Tawin, and DNex saw active interest but remained flat or edged slightly lower.
The cautious start comes amid mixed regional sentiment, as investors await fresh cues on global inflation and interest rate direction. Related
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Malaysian Reserve
37 minutes ago
- Malaysian Reserve
Bursa Malaysia seen range-bound, macro data in focus
BURSA MALAYSIA is expected to trade sideways next week, with the index's bullish momentum likely dependent on key macroeconomic data from China and the United States (US). UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said investors would closely monitor upcoming data from China, particularly June trade figures and second-quarter gross domestic product (GDP). 'While consensus expects GDP growth to hold at 5.0 per cent, persistent weakness in the property sector could reignite stimulus speculation. 'In the US, June retail sales will be a key indicator of consumer strength and potential implications for the US Federal Reserve's policy path,' he told Bernama. Meanwhile, Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng expects profit-taking to emerge next week. 'As such, we anticipate the FBM KLCI to move within the 1,530–1,560 range. Sectors likely to remain in favour include banking, telecommunications, property, construction and consumer,' he said. For the week just ended, the benchmark index fell 14.12 points to 1,536.07 from 1,550.19 a week earlier. The FBM Emas Index declined 74.14 points to 11,543.58, the FBMT 100 Index dropped 81.96 points to 11,308.74, and the FBM Emas Shariah Index slipped 65.35 points to 11,552.47. The FBM 70 Index shed 25.69 points to 16,761.35, while the FBM ACE Index rose 11.77 points to 4,538.17. By sector, the Financial Services Index slid 183.09 points to 17,608.13, the Plantation Index added 1.71 points to 7,459.45, and the Energy Index eased 3.99 points to 737.62. Weekly turnover narrowed to 16.21 billion units worth RM11.43 billion from 17.25 billion units valued at RM12.62 billion in the previous week. Main Market volume fell to 6.99 billion units valued at RM10.02 billion, compared with 9.22 billion units worth RM11.41 billion previously. Warrant turnover rose to 7.82 billion units worth RM911.38 million from 6.62 billion units worth RM772.30 million a week earlier. ACE Market volume inched up to 1.41 billion units valued at RM490.78 million versus 1.40 billion units worth RM437.52 million previously. — BERNAMA


New Straits Times
15 hours ago
- New Straits Times
Meta Bright sells Australian unit for RM25.37 mln, enters JV for EV charging infrastructure
KUALA LUMPUR: Meta Bright Group Bhd (MBGB) has sold its wholly-owned Australian subsidiary, Meta Bright Australia Pty Ltd (MBA), for RM25.37 million as part of a strategic shift towards strengthening domestic operations. In a filing with Bursa Malaysia today, MBGB said the disposal to Amber International Sdn Bhd is expected to result in a gain of about RM324,000 for the group. It said proceeds from the disposal will be used to repay RM17 million in bank borrowings and for working capital needs of RM8.37 million within 36 months. "The proposed disposal allows MBGB and its subsidiaries to mitigate exposure to cross-border operational risks, including increased uncertainties arising from global tariffs, foreign exchange volatility, and geopolitical developments associated with operating business in Australia. "It also enables the group to reallocate capital towards its core business segments within Malaysia and the broader ASEAN region, where the group has an established operational base and competitive advantage," it said. Meanwhile, in another filing with Bursa Malaysia, MBGB said it has entered into a joint venture (JV) with ChargeHere EV Solution Sdn Bhd to develop and operate electric vehicle (EV) charging infrastructure across Malaysia. MBGB said its wholly-owned subsidiary, Meta Bright Energy Sdn Bhd, will hold a 51 per cent stake in the new entity, while ChargeHere EV Solution Sdn Bhd will hold 49 per cent. "The JV is in line with MBGB group's long-term strategy to broaden its presence in the renewable energy (RE) and energy efficiency sectors, and specifically, to support the advancement of EV infrastructure in Malaysia," it said. In a separate statement, MBGB executive director of corporate and strategic planning Derek Phang said the joint venture with ChargeHere will allow the group to build its presence in renewable energy and take part in the development of EV infrastructure. "Our immediate and planned installations will substantially broaden our operational footprint in key urban areas, supporting national goals and meeting rising consumer demand for accessible EV charging solutions," he said.


New Straits Times
15 hours ago
- New Straits Times
Hektar Reit buys Alor Gajah land for RM40mil
Azanis Shahila Aman KUALA LUMPUR: Hektar Real Estate Investment Trust (Hektar Reit) is buying two plots of land in Alor Gajah, Melaka measuring 16.92 hectares for RM40 million. This is part of Hektar Reit's long-term strategy to enhance sustainable income and portfolio diversification. In a filing with Bursa Malaysia, Hektar Reit said its trustee, MTrustee Bhd, had entered into two separate conditional sale and purchase agreements (SPAs) with KYS College Sdn Bhd for the acquisition. The acquisition will be funded via a mix of cash and borrowings, with RM24 million in financing expected to be raised. Upon completion of the SPAs, the properties will be leased to KYSA Education Sdn Bhd, the current operator of Kolej Yayasan Saad Melaka, under a 30-year triple net lease agreement, with an option to extend for another 30 years. The lease agreements, already signed by MTrustee, include a 10 per cent rental escalation every three years and are expected to yield an average return of 8.45 per cent over the 30-year tenure. "The rental shall commence upon the completion of the respective SPA," the Reit said. Hektar Reit said the lease structure provides a stable, long-term income stream while offering an attractive risk-adjusted return. "In line with its long-term strategy, Hektar Reit may also evaluate the acquisition of future developed portions of the site, allowing the company to secure incremental, recurring income streams and further strengthen its portfolio diversification through increased exposure to the resilient education sector," it added.