KLCI Kicks Off With A Climb As Bulls Take Charge
The FBM 70 advanced 134.88 points to 16,213.86 while the FBM Emas improved by 71.72 points to 11,359.75. The Shariah Index (FBMSHA) rose 70.65 points to 11,294.80, and the F4GBM ESG Index gained 5.83 points to 918.42, reflecting broad-based optimism in the market.
Among the most actively traded stocks, Nexgram Holdings led the volume chart, rising 1 sen to 36.5 sen on 147.2 million shares traded. Magma Group followed, gaining 1 sen to 48.5 sen with 61.8 million units changing hands. Meanwhile, RL slipped 2 sen to 29 sen, and CKI fell 3 sen to RM1.05. MYEG edged up half a sen to 92.5 sen.
The market sentiment appeared buoyant, with more advancers than decliners at the opening bell, in line with regional peers and improved overnight cues from global markets. Related
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Straits Times
an hour ago
- New Straits Times
Nestle Malaysia's Q2 earnings jumps 20pct on 9.5pct revenue increase
KUALA LUMPUR: Nestlé (Malaysia) Bhd posted a 20 per cent increase in net profit to RM112.1 million for the second quarter ended June 30, 2025, up from RM93.6 million in the same period last year, supported by higher sales and effective cost control. Its revenue for the quarter grew 9.5 per cent to RM1.67 billion from RM1.52 billion previously, driven by steady domestic demand and resilient export performance. In a Bursa Malaysia filing, the company said this reflected its strong global position, particularly as the largest Halal manufacturing hub within the Nestlé Group. It added that continued emphasis on quality, taste, and nutritional value helped maintain strong brand loyalty amid a fast-evolving market. Nestlé Malaysia declared an interim dividend of 70 sen per share, unchanged from the previous year, to be paid on Oct 2. Chief executive officer Juan Aranols said the company is confident in its ability to sustain strong growth momentum and achieve profit recovery in the second half of 2025 (2H25). "We are mindful and vigilant of the geopolitical uncertainties that may impact the business environment in Malaysia. "Despite these ongoing uncertainties, we are committed to upholding our promise to provide great-tasting and nutritious Halal products, under Malaysians' favourite and most trusted brands," he said. Aranols said the company will continue to accelerate its digital transformation and drive efficiencies to support brand investments and innovation, aiming to reinforce its market leadership. This, he added, will be guided by a deep understanding of Malaysian consumer values and a firm commitment to making a positive impact on communities and the environment.
Barnama
an hour ago
- Barnama
Utilities And Consumer Stocks Lift Bursa Malaysia Higher At Mid-day
WORLD KUALA LUMPUR, July 24 (Bernama) -- Bursa Malaysia ended the morning session on a firmer note as positive sentiment persisted on the local bourse, supported by gains in utilities as well as consumer products and services stocks. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 2.97 points to 1,532.76, compared to Wednesday's close of 1,529.79. The index opened 1.26 points higher at 1,531.05 and moved within a narrow range of 1,529.71 to 1,533.08 throughout the session. However, broader market sentiment turned slightly bearish, with losers edging past gainers 418 to 402, while 458 counters were unchanged, 1,238 untraded, and seven suspended. Turnover stood at 1.92 billion units worth RM1.05 billion. In a research note, Malacca Securities Sdn Bhd said market optimism was fuelled by Prime Minister Datuk Seri Anwar Ibrahim's announcement to lower the RON95 retail price to RM1.99 per litre effective end-September, coupled with RM100 cash handouts, which led to the higher market performance today. 'The cash assistance is also expected to benefit the consumer sector, with counters like EcoShop and 99 SpeedMart experiencing breakouts following the announcement. 'We continue to favour the construction and utilities sectors amid the ongoing data centre boom, and real estate investment trusts given Bank Negara Malaysia's overnight policy rate (OPR) reduction and their defensive nature,' it said. Gainers among heavyweight utilities and consumer products and services stocks included YTL Corporation, which added six sen to RM2.49. Nestle was up RM2.36 to RM79.26, Petronas Gas rose 22 sen to RM17.90, and Petronas Dagangan gained 40 sen to RM21.40.
The Star
an hour ago
- The Star
Utilities, consumer stocks lift Bursa Malaysia higher at midday
KUALA LUMPUR: Bursa Malaysia ended the morning session on a firmer note as positive sentiment persisted on the local bourse, supported by gains in utilities as well as consumer products and services stocks. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 2.97 points to 1,532.76, compared to Wednesday's close of 1,529.79. The index opened 1.26 points higher at 1,531.05 and moved within a narrow range of 1,529.71 to 1,533.08 throughout the session. However, broader market sentiment turned slightly bearish, with losers edging past gainers 418 to 402, while 458 counters were unchanged, 1,238 untraded, and seven suspended. Turnover stood at 1.92 billion units worth RM1.05 billion. In a research note, Malacca Securities Sdn Bhd said market optimism was fuelled by Prime Minister Datuk Seri Anwar Ibrahim's announcement to lower the RON95 retail price to RM1.99 per litre effective end-September, coupled with RM100 cash handouts, which led to the higher market performance today. "The cash assistance is also expected to benefit the consumer sector, with counters like EcoShop and 99 SpeedMart experiencing breakouts following the announcement. "We continue to favour the construction and utilities sectors amid the ongoing data centre boom, and real estate investment trusts given Bank Negara Malaysia's overnight policy rate (OPR) reduction and their defensive nature,' it said. Gainers among heavyweight utilities and consumer products and services stocks included YTL Corporation, which added six sen to RM2.49. Nestle was up RM2.36 to RM79.26, Petronas Gas rose 22 sen to RM17.90, and Petronas Dagangan gained 40 sen to RM21.40. Among the heavyweights, Maybank erased one sen to RM9.58, Public Bank was flat at RM4.29, Tenaga Nasional lost two sen to RM13.92 while CIMB and IHH Healthcare accumulated two sen each to RM6.69 and RM6.64, respectively. As for the actives, NexG was flat at 52 sen, Zetrix erased 2.5 sen to 92 sen, Dagang Nexchange advanced one sen to 29.5 sen, Tan Chong erased three sen to 90.5 sen while Tanco removed half-a-sen to 92 sen On the broader index board, the FBM Emas Index was 13.55 points higher at 11,508.09, the FBMT 100 Index rose 15.59 points to 11,269.75, and the FBM Emas Shariah Index was up 16.78 points to 11,533.27. The FBM 70 Index was down 4.32 points to 16,639.77 while the FBM ACE Index erased 16.46 points to 4,648.59. Sector-wise, the Financial Services Index put on 4.81 points to 17,435.06, the Plantation Index ticked up 30.99 points to 7,442.43.37, but the Energy Index slipped 3.25 points to 739.93 and the Industrial Products and Services Index trimmed 0.07 of a point to 155.360. - Bernama
