Market Remains In Negative Territory As Decliners Outpace Gainers
Decliners continued to dominate, with 601 counters falling compared to 412 gainers, while 498 stocks ended unchanged. A total of 918 counters were untraded and eight were suspended.
Despite the bearish tone, trading activity picked up, with turnover rising to 3.07 billion shares worth RM2.36 billion from 2.93 billion shares valued at RM1.67 billion on July 14.
Heineken Malaysia Bhd led the top losers, retreating 40 sen to RM24.50 on active selling. Malaysian Pacific Industries Bhd dropped 38 sen to RM20.40, while Fraser & Neave Holdings Bhd slid 28 sen to RM28.70. Other heavyweights under pressure included Hong Leong Bank Bhd, down 26 sen to RM19.30, and Nestlé (M) Bhd, which eased 24 sen to RM76.50.
On the upside, gains were limited, with Riverview Rubber Estates Bhd emerged as the top gainer, rising 15 sen to RM3. Master-Pack Group Bhd added 12 sen to RM3.15, while United Plantations Bhd edged up eight sen to RM21.70 on strong interest with 1.73 million shares traded. KPS Consortium Bhd and KKB Engineering Bhd (KKB) also saw modest gains of 7.5 sen and seven sen, respectively, to close the trading session at 56.5 sen and RM1.34.
Despite the increase in trading volume, sentiment remained broadly subdued, as investors continued to adopt a wait-and-see approach amid a lack of fresh catalysts and external uncertainties. Related
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The Star
5 hours ago
- The Star
Bursa Malaysia extends downtrend to close lower
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Focus Malaysia
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Bursa Malaysia extends downtrend to close lower
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The Star
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- The Star
62 celebrated for ESG excellence
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'We must rethink our economic model if we are to survive the binary geopolitical and geoeconomic challenges – on one hand, direct global competition and on the other, growing superpower protectionism,' he said. Sim said Malaysia should invest heavily in home-grown capabilities including talent, technologies, products and services, as well as trademarks, including Malaysian brands and patents. 'Fundamentally, we need to invest in long-term strategies that enhance the economic value chain in ways that benefit both people and the environment,' he said. SMG group CEO Chan Seng Fatt, in his welcoming address, said of the winners: 'These are the leaders proving that the future of business lies not just in profit, but in purpose – not just in growth, but in impact. 'We celebrate ESG changemakers – those with the conviction that business must be a force for good, and the courage to act on it.' 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Heineken Malaysia managing director Martijn van Keulen said the award was a meaningful recognition of the company's approach to ESG and the efforts of its teams. 'I think it's a recognition for all of us – for our company and the way we approach our ESG initiatives. 'It is also a huge booster for our teams to keep going and continue leading the way for Malaysia. So go Malaysia, go Heineken Malaysia!' he added. Representing NRES at the event was secretary-general Datuk Dr Ching Thoo, and Miti by its senior director (Industry, Environmental, Social and Governance) Nor Hasnah Badroddin. SMG chairman Tan Sri Wong Foon Meng, chief operating officer Lydia Wang and chief content officer Datin Paduka Esther Ng were also present. This year's programme saw participation from large companies including PETRONAS Dagangan Bhd, Sime Darby Property Bhd, Sunway Bhd, Johor Port Bhd and IOI Properties Group, besides SMEs and mid-tier firms. Awards were presented across 16 categories under four main pillars – Environment, Social, Governance and Others – ranging from Renewable Energy and Waste Management to Talent Management and Innovative Partnership. As part of its continued push for ESG leadership, SMG announced the upcoming Asia ESG Summit to be held from Nov 5 to 7. The event will bring together regional leaders, investors and changemakers to explore innovative and transformative ESG strategies. In conjunction with the summit, the inaugural Asia ESG Positive Impact Awards 2025 will take place on Nov 6.
