DSR hopes for fruitful year
The Pahang-based company is also in the midst of getting its listing status transferred from Bursa Malaysia's LEAP market to the ACE market.
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Malay Mail
38 minutes ago
- Malay Mail
Bursa edges up as China trade data lifts sentiment, KLCI stays above 1,530
KUALA LUMPUR, July 14 — Bursa Malaysia reversed last Friday's losses to close higher on Monday, tracking gains in regional markets. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) climbed 1.44 points, or 0.09 per cent, to 1,537.51 from Friday's close of 1,536.07. The benchmark had opened 0.10 of a point lower at 1,535.97 and hovered between 1,533.93 and 1,538.33 throughout the session. The market breadth was negative, with 514 decliners outpacing 432 gainers and 510 counters unchanged, while 962 were untraded and nine suspended. Turnover declined to 2.93 billion shares worth RM1.67 billion, compared with 3.37 billion shares worth RM2.30 billion last Friday. UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research, Mohd Sedek Jantan, said the key index's positive performance was underpinned by stronger-than-expected trade data from China, with exports rising 5.8 per cent year-on-year in June, well above the 3.6 per cent forecast. 'The data suggested that Chinese exporters were accelerating shipments ahead of the expiry of the 90-day tariff reprieve, providing some relief to global market sentiment and partially offsetting lingering concerns over Washington's tariff rhetoric,' he told Bernama. Investors will also monitor more upcoming data from China, particularly June trade figures and the second-quarter gross domestic product (GDP). The Chinese government is due to release the economic data tomorrow. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the local market sentiment remains cautious amid ongoing concerns over US tariffs, with investors closely monitoring their implications for Asean economies and global supply chains. 'Nevertheless, the benchmark index is well supported above the 1,530 level. While commodity-related stocks saw some selling pressure, defensive and stable names in banking, consumer and utilities showed resilience,' he noted. Thong anticipates the FBM KLCI to trend within the range of 1,530-1,560 for the week. Among the heavyweight counters, Maybank gained three sen to RM9.72, while Public Bank and Tenaga Nasional rose two sen each to RM4.34 and RM13.98, respectively. CIMB and IHH Healthcare both edged up one sen to RM6.69 and RM6.59. In active trade, NexG gained two sen to 47 sen, Wentel Engineering grew 1.5 sen to 33.5 sen, Malaysian Resources Corporation added half-a-sen to 54 sen, Zetrix AI was 1.5 sen lower at 98.5 sen, and Tanco was flat at 90.5 sen. On the index board, the FBM Emas Index gained 14.88 points to 11,558.46, the FBMT 100 Index expanded 12.30 points to 11,321.04, and the FBM Emas Shariah Index added 8.13 points to 11,560.60. The FBM 70 Index increased 25.85 points to 16,787.20, while the FBM ACE Index improved 33.35 points to 4,571.52. By sector, the Financial Services Index gained 55.74 points to 17,663.87, the Industrial Products and Services Index shaved 0.22 points to 153.87, and the Plantation Index fell 16.35 points to 7,434.10. The Energy Index inched up 9.76 points to 747.38. The Main Market volume retreated to 1.13 billion units worth RM1.35 billion from 1.36 billion units valued at RM1.99 billion last Friday. Warrant turnover slipped to 1.46 billion units valued at RM208.01 million from 1.70 billion units worth RM203 million previously. The ACE Market volume increased to 342.18 million units valued at RM113.55 million, versus 318.83 million units worth RM107.58 million on Friday. Consumer products and services counters accounted for 171.70 million shares traded on the Main Market; industrial products and services (182.22 million), construction (82.17 million), technology (239.31 million), SPAC (nil), financial services (41.28 million), property (179.63 million), plantation (11.93 million), REITs (19.63 million), closed-end fund (22,800), energy (61.84 million), healthcare (54 million), telecommunications and media (30.31 million), transportation and logistics (21.68 million), utilities (34.41 million), and business trusts (18,500). — Bernama
Free Malaysia Today
39 minutes ago
- Free Malaysia Today
Bursa opens almost flat amid cautious sentiment
KUALA LUMPUR : Bursa Malaysia opened nearly flat on Monday, taking a cue from Wall Street's subdued close last week, as a renewed protectionist trade rhetoric from Washington kept investors cautious. The FTSE Bursa Malaysia KLCI (FBM KLCI) had opened 0.10 of-a-point lower at 1,535.97, however, and rebounded shortly after. At 10.18am, the benchmark index inched up 0.95 of-a-point to 1,537.02 from Friday's close of 1,536.07. Market breadth was negative, with decliners outnumbering advancers 335 to 303, while 419 counters were unchanged, 1,352 untraded, and two suspended. Turnover stood at 1.11 billion shares worth RM391.41 million. Malacca Securities Sdn Bhd said the local bourse may start the week on a softer note following Wall Street's decline, as concerns over a prolonged trade war continued to dampen risk appetite. 'However, last week's 25 basis points overnight policy rate (OPR) cut by Bank Negara Malaysia and the potential for further monetary easing should help cushion downside risks, particularly in property stocks amid lower mortgage rates. 'We also see this as a buying opportunity in REITs, which continue to offer attractive dividend yields compared to Malaysian bonds,' the brokerage said in a note. It added that traders would be monitoring US data this week, including inflation, retail sales, and unemployment claims. Among the heavyweights, Maybank rose 4.0 sen to RM9.73, CIMB added 2.0 sen to RM6.70, while Public Bank eased 1.0 sen to RM4.31. Tenaga Nasional and IHH Healthcare were unchanged at RM13.96 and RM6.58, respectively. In active trade, Jiankun, UEM Sunrise, and Pharmaniaga edged up half-a-sen each to 3.0 sen, 76.5 sen, and 17 sen, respectively. Land and General slipped half-a-sen to 11 sen, and NationGate shed 2.0 sen to RM1.61. On the broader index board, the FBM Emas Index rose 17.18 points to 11,560.76, the FBMT 100 Index gained 14.80 points to 11,323.54, and the FBM Emas Shariah Index climbed 22.91 points to 11,575.38. The FBM 70 Index advanced 33.96 points to 16,795.31, while the FBM ACE Index dipped 2.30 points to 4,535.87. By sector, the Financial Services Index gained 33.57 points to 17,641.70, the Plantation Index rose 35.15 points to 7,485.60, and the Energy Index edged up 5.35 points to 742.97. The Industrial Products and Services Index slipped 0.16 of-a-point to 153.93.
New Straits Times
42 minutes ago
- New Straits Times
Bursa Malaysia holds steady to close higher, tracking regional gains
KUALA LUMPUR: Bursa Malaysia reversed last Friday's losses to close higher on Monday, tracking gains in regional markets. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) climbed 1.44 points, or 0.09 per cent, to 1,537.51 from Friday's close of 1,536.07. The benchmark had opened 0.10 of a point lower at 1,535.97 and hovered between 1,533.93 and 1,538.33 throughout the session. The market breadth was negative, with 514 decliners outpacing 432 gainers and 510 counters unchanged, while 962 were untraded and nine suspended. Turnover declined to 2.93 billion shares worth RM1.67 billion, compared with 3.37 billion shares worth RM2.30 billion last Friday. UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research, Mohd Sedek Jantan, said the key index's positive performance was underpinned by stronger-than-expected trade data from China, with exports rising 5.8 per cent year-on-year in June, well above the 3.6 per cent forecast. "The data suggested that Chinese exporters were accelerating shipments ahead of the expiry of the 90-day tariff reprieve, providing some relief to global market sentiment and partially offsetting lingering concerns over Washington's tariff rhetoric," he told Bernama. Investors will also monitor more upcoming data from China, particularly June trade figures and the second-quarter gross domestic product (GDP). The Chinese government is due to release the economic data tomorrow. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the local market sentiment remains cautious amid ongoing concerns over US tariffs, with investors closely monitoring their implications for ASEAN economies and global supply chains. "Nevertheless, the benchmark index is well supported above the 1,530 level. While commodity-related stocks saw some selling pressure, defensive and stable names in banking, consumer and utilities showed resilience," he noted. Thong anticipates the FBM KLCI to trend within the range of 1,530-1,560 for the week. Among the heavyweight counters, Maybank gained three sen to RM9.72, while Public Bank and Tenaga Nasional rose two sen each to RM4.34 and RM13.98, respectively. CIMB and IHH Healthcare both edged up one sen to RM6.69 and RM6.59. In active trade, NexG gained two sen to 47 sen, Wentel Engineering grew 1.5 sen to 33.5 sen, Malaysian Resources Corporation added half-a-sen to 54 sen, Zetrix AI was 1.5 sen lower at 98.5 sen, and Tanco was flat at 90.5 sen.
