
Blue Chips Lift KLCI On Midday, Broader Bursa Drags
At 12.35pm, the FBM KLCI rose 3.35 points to 1,504.79, recovering from an intraday low of 1,500.04. The index touched a high of 1,505.16 earlier in the session, marking a modest 0.22% gain.
The FBM Emas also posted a slight increase of 8.71 points to 11,232.45, while the FTSE4Good Bursa Malaysia Index (F4GBM) rose 0.99 points to 908.41.
However, the broader market showed signs of cautious trading. The FBM 70 slipped 22.66 points to 16,070.79, and the FBM ACE dipped 33.46 points to 11,199.43.
Among actives, PUC emerged as the most traded stock, gaining 0.005 sen to 2.5 sen on a volume of 825.6 million shares. Astro fell 1.5 sen to 16 sen with 162.5 million shares traded, while Pavilion REIT declined 2 sen to RM1.52 on 125.6 million shares.
Market activity reflected cautious optimism as investors digested global cues ahead of key economic data releases. Related
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New Straits Times
28 minutes ago
- New Straits Times
Bursa Malaysia slightly firmer at midday on interest in certain heavyweights
KUALA LUMPUR: Bursa Malaysia ended the morning trading session marginally higher, driven by buying interest in selected heavyweight stocks, particularly in the construction and industrial products and services sectors. At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.46 points or 0.29 per cent to 1,538.22, from Friday's close of 1,533.76. The benchmark index opened 4.29 points firmer at 1,538.05 and moved between 1,531.28 to 1,539.38 throughout the session. However, the broader market sentiment was slightly negative, with losers outpacing gainers 416 to 396, while 459 counters were unchanged, 1,238 untraded and 44 suspended. Turnover stood at 1.78 billion units worth RM992 million. Malacca Securities said sentiment on Wall Street has improved following recent progress in de-escalating the US-EU trade war, particularly with the new trade deal capping tariffs at 15 per cent. "We believe the positive sentiment may spillover towards stock on the local front, tracking Wall Street's rally. "Given Tenaga Nadiobal Bhd's capital expenditure rollout stretching until year-end and data centre packages expected to be announced over the next two in the second half of 2025," the firm added. Although the recent overnight policy rate cut may directly impact the net interest margin, Malacca Securities said the banking sector commands undemanding valuations. It said the sector is currently trading at an undemanding 10 times price-to-earnings (P/E) ratio, which is notably below its 10-year historical average of 12.2 times. Meanwhile, real estate investment trusts remain attractive given their premium yields over government-backed securities.


The Star
an hour ago
- The Star
Bursa Malaysia ends morning session marginally higher
KUALA LUMPUR: Bursa Malaysia ended the morning trading session marginally higher, rising by 0.29 per cent, driven by buying interest in selected heavyweight stocks, particularly in the financial services and industrial products and services sectors. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.46 points to 1,538.22, from Friday's close of 1,533.76. The benchmark index had opened 4.29 points firmer at 1,538.05 and moved between 1,531.28 to 1,539.38 throughout the session. However, the broader market sentiment was slightly bearish, with losers edging past gainers 416 to 396, while 459 counters were unchanged, 1,281 untraded, and 43 suspended. Turnover stood at 1.78 billion units worth RM992.39 million. In a note today, Hong Leong Investment Bank Bhd (HLIB) said investors are expected to trade cautiously ahead of the upcoming United States (US) Federal Reserve meeting and President Donald Trump's Aug 1 tariff deadline. It noted that the US and European Union (EU) agreed on a hard-fought deal that will see the bloc face 15 per cent tariffs on most of its exports, staving off a trade war that could have delivered a hammer blow to the global economy. "Additionally, caution may prevail amid expectations of a soft US August earnings season and the FBM KLCI's seasonal underperformance. Domestic headwinds from subsidy rationalisation and the potential Sales and Services Tax expansion could further dampen consumer sentiment and earnings visibility. "Therefore, we expect the local benchmark index to trade range-bound between 1,518 and 1,551 this week,' it said. Among the heavyweights, Maybank and CIMB gained eight sen each to RM9.62 and RM6.83, respectively, and Press Metal Aluminium garnered nine sen to RM5.43, while Tenaga Nasional lost 10 sen to RM13.50 and Hong Leong Bank slipped 12 sen to RM19.24. As for the actives, Tanco added one sen to 92.5 sen, NexG and Sapura Energy both inched up half-a-sen to 53 sen and four sen, respectively, Ekovest grew three sen to 43 sen and YTL Corporation advanced five sen to RM2.53. Among the top gainers, Nestle improved RM1.88 to RM87.38, Sam Engineering and Equipment edged up 14 sen to RM4.21 and Allianz Malaysia bagged 12 sen to 69 sen. Top losers United Plantations slipped 28 sen to RM21.94 and Petronas Dagangan was 20 sen lower at RM21.50. Across the broader market, the FBM Emas Index strengthened 33.02 points to 11,539.84, the FBMT 100 Index went up 30.36 points to 11,300.08, and the FBM Emas Shariah Index rose 15.77 points to 11,544.75. The FBM 70 Index climbed 34.19 points to 16,641.76, while the FBM ACE Index edged up 10.40 points to 4,649.42 Sector-wise, the Financial Services Index jumped 74.68 points to 17,528.91, the Industrial Products and Services Index was 1.27 points higher at 158.41, and the Energy Index ticked up 2.44 points to 742.29, while the Plantation Index lost 11.70 points to 7,423.09. - Bernama


Malaysian Reserve
2 hours ago
- Malaysian Reserve
Foreign, institutional investors net sold on Bursa Malaysia last week
FOREIGN investors extended their net selling streak on Bursa Malaysia to three consecutive weeks while local institutions extended their net selling streak to two consecutive weeks. Foreign investors registered a net outflow of RM89.9 million for the week ended July 25, smaller than previous week outflow of RM206.1 million, according to a fund flow report by MBSB Research, formerly known as MIDF Research. The top counters net sold by foreign investors were Zetrix AI Bhd, KPJ Healthcare Bhd and Public Bank, RHB Bank Bhd and Alliance Bank Malaysia Bhd. The report said local retailers continued their net buying activities, extending to a three-week consecutive streak of purchases, posting a net inflow of RM105.4 million. — TMR