Bursa Opens Higher As FBMKLCI Rises 4.26 Points To 1,546.75
The FBM KLCI gained 4.26 points or 0.28% to reach 1,546.75 at 9:08 am, lifted by gains in selected heavyweights. The benchmark index traded between 1,541.78 and 1,546.75 in the early session.
Broader market performance was also positive: The FBM 70 rose 97.33 points to 16,371.87 (+0.60%),
rose to (+0.60%), The FBM Emas advanced 42.59 points to 11,531.97 (+0.37%),
advanced to (+0.37%), The FBM Shariah Index climbed 39.63 points to 11,429.98 (+0.35%),
climbed to (+0.35%), The FTSE4Good Bursa Malaysia Index (F4GBM) added 3.15 points to 928.93 (+0.34%).
Among the most actively traded counters, West River topped the volume list on its ACE Market debut with 216.97 million shares done at an unchanged price of 39 sen. Other actives included SFP Tech, which rose 1 sen to 23 sen, and NATGATE, which added 4 sen to RM1.56.
Gainers outpaced losers as investor sentiment remained supported by regional cues and expectations of continued foreign interest. Related
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Malay Mail
10 hours ago
- Malay Mail
Bursa bulls eye breakout next week — but July 9 tariff deadline could spoil the party
KUALA LUMPUR, July 6 — Bursa Malaysia is expected to trade in cautious mode next week, but with an upside bias, with the US tariff deal deadline on July 9 in focus, analysts said. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng anticipates the FTSE Bursa Malaysia KLCI (FBM KLCI) to trend within the range of 1,530-1,560 points, representing its support and resistance levels. 'The benchmark index has broken out of its consolidation range with strong volume, climbing above critical moving averages. A bullish exponential moving average crossover and strengthening moving average convergence/divergence indicator, along with a relative strength index that has yet to peak, strengthen the case for a shift toward a more bullish trend,' he told Bernama. Echoing Thong, UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research, Mohd Sedek Jantan, said the local bourse is expected to experience heightened caution and intermittent volatility ahead, as investors closely monitor the evolving landscape of global trade policy. 'Particular attention is centred on the 'Liberation Day' US tariff deadline of July 9, when elevated tariffs -ranging from 20 to 30 per cent- are expected to be reinstated on countries without formalised bilateral trade deals. 'Malaysia, among others, may face renewed uncertainty should negotiations remain unresolved. US President Donald Trump has indicated that official notifications outlining new tariff rates will be issued imminently to affected trade partners,' he said. On a weekly basis, the barometer index advanced 22.03 points to 1,550.19 from 1,528.16 in the preceding week. The FBM Emas Index expanded 218.92 points to 11,617.72, the FBMT 100 Index rose 209.34 points to 11,390.70, and the FBM Emas Shariah Index garnered 276.69 points to 11,617.82. The FBM 70 Index climbed 516.38 points to 16,787.04, and the FBM ACE Index rose 51.64 points to 4,526.40. Across sectors, the Financial Services Index went up 54.12 points to 17,791.22, the Plantation Index surged 119.72 points to 7,448.74, and the Energy Index gained 8.93 points to 741.61. Turnover for the shortened trading week increased to 17.25 billion units worth RM12.62 billion from 11.68 billion units worth RM8.45 billion in the preceding week. The Main Market volume advanced to 9.22 billion units valued at RM11.41 billion against 5.40 billion units valued at RM7.39 billion previously. Warrant turnover improved to 6.62 billion units worth RM772.30 million versus 4.96 billion units worth RM655.61 million a week ago. The ACE Market volume ticked up to 1.40 billion units valued at RM437.52 million compared with 1.07 billion units valued at RM399.48 million a week earlier. — Bernama
Malay Mail
10 hours ago
- Malay Mail
Bursa bulls eye breakout next week — but July 9 tariffs could spoil the party
KUALA LUMPUR, July 6 — Bursa Malaysia is expected to trade in cautious mode next week, but with an upside bias, with the US tariff deal deadline on July 9 in focus, analysts said. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng anticipates the FTSE Bursa Malaysia KLCI (FBM KLCI) to trend within the range of 1,530-1,560 points, representing its support and resistance levels. 'The benchmark index has broken out of its consolidation range with strong volume, climbing above critical moving averages. A bullish exponential moving average crossover and strengthening moving average convergence/divergence indicator, along with a relative strength index that has yet to peak, strengthen the case for a shift toward a more bullish trend,' he told Bernama. Echoing Thong, UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research, Mohd Sedek Jantan, said the local bourse is expected to experience heightened caution and intermittent volatility ahead, as investors closely monitor the evolving landscape of global trade policy. 'Particular attention is centred on the 'Liberation Day' US tariff deadline of July 9, when elevated tariffs -ranging from 20 to 30 per cent- are expected to be reinstated on countries without formalised bilateral trade deals. 'Malaysia, among others, may face renewed uncertainty should negotiations remain unresolved. US President Donald Trump has indicated that official notifications outlining new tariff rates will be issued imminently to affected trade partners,' he said. On a weekly basis, the barometer index advanced 22.03 points to 1,550.19 from 1,528.16 in the preceding week. The FBM Emas Index expanded 218.92 points to 11,617.72, the FBMT 100 Index rose 209.34 points to 11,390.70, and the FBM Emas Shariah Index garnered 276.69 points to 11,617.82. The FBM 70 Index climbed 516.38 points to 16,787.04, and the FBM ACE Index rose 51.64 points to 4,526.40. Across sectors, the Financial Services Index went up 54.12 points to 17,791.22, the Plantation Index surged 119.72 points to 7,448.74, and the Energy Index gained 8.93 points to 741.61. Turnover for the shortened trading week increased to 17.25 billion units worth RM12.62 billion from 11.68 billion units worth RM8.45 billion in the preceding week. The Main Market volume advanced to 9.22 billion units valued at RM11.41 billion against 5.40 billion units valued at RM7.39 billion previously. Warrant turnover improved to 6.62 billion units worth RM772.30 million versus 4.96 billion units worth RM655.61 million a week ago. The ACE Market volume ticked up to 1.40 billion units valued at RM437.52 million compared with 1.07 billion units valued at RM399.48 million a week earlier. — Bernama
New Straits Times
a day ago
- New Straits Times
Will there be stability in 2H?
AS we draw the curtain on the first half of 2025 (H1 2025), one thing is clear: the road has been anything but smooth. Markets have been tossed by crosscurrents of global conflict, policy shocks, and investor anxiety. And yet, through all the noise, Malaysia has held its ground. The FBM KLCI, though not immune to volatility, demonstrated tenacity, underpinned by resilient fundamentals and steady macro stewardship. In an environment where the unexpected became the norm, Malaysia remained a beacon of relative calm in a turbulent world. Flashpoints and Fallout: How Global Conflict Reshaped Market Behaviour Few forces rattle markets more swiftly than war and H1 2025 offered no shortage of flashpoints. The Middle East conflict escalated dramatically with Israeli strikes on Iranian nuclear facilities, drawing U.S. military support and spurring global fears of a wider confrontation. For Malaysian markets, this sparked a sharp risk-off pivot. Oil prices surged, lifting our Energy Index, but equity sentiment broadly softened as capital moved to safe havens. Meanwhile, the protracted Russia-Ukraine war continued to strain global commodity supply chains. Elevated palm oil prices offered some tailwind to local plantation counters, but the ripple effects, particularly in feedstock costs were a reminder of our embeddedness in a fragile global supply web. Tariffs, Tensions and the Trade Trap: Navigating a Fragmented Global Economy The Trump administration's sweeping tariffs, peaking at 145 per cent on Chinese imports sent shockwaves through global supply chains. Malaysia, deeply integrated into regional manufacturing, absorbed the aftershocks. Our exporters, especially in semiconductors and renewables, were caught in the crossfire. The FBM KLCI fell over five per cent on April 2 following intensified tariff rhetoric, with risk assets broadly repriced. Adding to the strain, Malaysia was slapped with a 34.4 per cent import duty on solar panels, an outsized blow to our green energy sector. Global investors fled to safety; gold prices soared past US$3,400/oz. Yet amid this, the ringgit showed quiet strength, rising 0.8 per cent in Q1, a nod to investor faith in Malaysia's fiscal prudence. Relief came in May, when the US and China moved to de-escalate. Tariff rates were rolled back US duties cut to 30 per cent, China's to 10 per cent and a 90-day pause was announced. The KLCI rallied 2.33 per cent, buoyed by returning risk appetite and hopes of normalised trade flows. Still, unpredictability looms large, and any re-escalation will test Malaysia's resilience again. Rates, Risk, and Resilience: How Policy Signals Shaped Investor Positioning The global interest rate landscape was the third pillar shaping investor behaviour in H1. The US Fed held rates at 4.25-4.50 per cent, cautioning against premature easing due to tariff-induced inflation risks. This 'higher-for-longer' narrative kept a lid on valuations for rate-sensitive sectors like property and tech. However, a cooling inflation trend and softening growth expectations rekindled hopes for Q4 rate cuts. The ringgit appreciated about five pe rcent against the US dollar in H1, making it one of the strongest Asian currencies this year. It was further supported by RM13.4 billion in net foreign bond inflows, a testament to Malaysia's safe haven appeal in the region. Bank Negara Malaysia, staying its course with an OPR at 3.00 per cent, has successfully struck a delicate balance between supporting growth and anchoring inflation. Outlook for H2 2025: From Turbulence to Tactical Positioning As we pivot into the second half of 2025, investors must brace for persistent global volatility but also recognise the windows of opportunity it presents. The geopolitical landscape remains fluid. Any breakthrough in the Middle East or progress in the Ukraine conflict could unlock relief rallies, while renewed hostilities may keep risk appetite in check. Malaysia's equity markets are particularly sensitive to oil price volatility, where sharp spikes could strain inflation and subsidies, but also boost energy-linked counters. On the trade front, August's US-China tariff truce deadline looms large. If it leads to a lasting deal, Malaysia's export engine could rev up again, rewarding tech, logistics, and manufacturing sectors. If talks break down, investors should expect a return to defensive positioning. Staying nimble and sector-focused will be critical. Monetary policy remains the market's compass. With the Fed signalling possible Q4 rate cuts, global liquidity may begin to normalise. A weaker US dollar could strengthen the ringgit further and revive foreign flows. Bond yields may stabilise, benefitting capital-intensive and domestic consumption-driven sectors. Bank Negara Malaysia may join the easing cycle but is likely to remain data-dependent. Investors should track inflation trends and fiscal reform progress, especially the targeted subsidy rollout. Tactically, there is scope for selective sector rotation. Technology and construction may outperform if growth tailwinds return, while banks stand to benefit from loan growth recovery. Commodities and plantations remain tied to global cycles, but with El Niño risks and robust palm oil demand, upside remains plausible. Bottom line: H2 2025 is not without risk, but it offers a chance for calculated gains. Patience, diversification, and readiness to reposition swiftly will be key. Malaysia, underpinned by sound governance and regional relevance, remains a compelling story for long-term investors looking to turn uncertainty into strategic opportunity. The turbulence of early 2025 may well give way to calmer - or at least more predictable - seas, in which the Malaysian economy and the FBM KLCI can find firmer footing. Conclusion: Staying Strategic in a Shifting Landscape In light of continued volatility, Malaysian investors may consider the following actions: 1. Diversify across resilient sectors. Exposure to infrastructure, domestic services, and financials may help buffer external shocks. 2. Reassess export-heavy positions. Monitor global demand and currency strength, especially for manufacturing and E&E sectors. 3. Stay defensive where needed. Utilities and consumer staples offer stability when uncertainty prevails. 4. Use safe-haven assets selectively. Gold's sustained strength reinforces its role in hedging macro risk. 5. Monitor macro and policy shifts closely. Policy changes at home and abroad will shape sector leadership and capital flows. Ultimately, investing in uncertainty is not about avoiding risk, but managing it. In a world shaped by rapid change, staying informed, agile and disciplined will be the hallmark of successful strategies. Malaysia remains well-positioned, with strong governance, regional relevance, and compelling valuations to weather short-term turbulence and unlock long-term growth. *The writer is the head of dealing at Moomoo Malaysia.
