Bursa Malaysia up 0.45% at close as investors welcome US-China trade framework
At 5 pm, the FBM KLCI rose 6.89 points, or 0.45 per cent to 1,523.84 from Tuesday's close of 1,516.95.
The benchmark index opened 3.91 points higher at 1,520.86 this morning, which was its day's low, and subsequently moved to a high of 1,530.85 in the early session.
On the broader market, gainers thumped decliners 545 to 375, while 528 counters were unchanged, 921 untraded and 11 suspended.
Turnover soared to 3.27 bil units worth RM2.59 bil compared with yesterday's 2.72 bil units worth RM2.09 bil. —June 11, 2025
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Malay Mail
a few seconds ago
- Malay Mail
Bursa inches up as bargain hunters circle, eyes stay on 1,520 mark
KUALA LUMPUR, July 23 — Bursa Malaysia opened marginally higher today, supported by value-seeking investors engaging in selective accumulation. At 9.06am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 0.63 of a point to 1,520.03 from yesterday's close of 1,519.40. At the opening bell, the benchmark index was 0.08 of a point higher at 1,519.48. Turnover stood at 126.93 million shares, valued at RM68.23 million. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the FBM KLCI closed lower yesterday in tandem with the weak regional performance. 'However, we expect value-seeking investors to continue supporting the market through selective accumulation. Hence, we anticipate the benchmark index to consolidate within the 1,510–1,520 range today,' he told Bernama. On the global front, Thong said Wall Street closed mixed, with the S&P 500 hitting another record high at 6,309.62 (+0.06 per cent) as investors digested a new batch of earnings, including a tariff warning from General Motors. The Dow rose 0.4 per cent, while the Nasdaq slipped 0.39 per cent ahead of key earnings reports from major tech giants. Among the heavyweight counters, Maybank added four sen to RM9.57, Tenaga Nasional was two sen better at RM13.80, CIMB improved one sen to RM6.56, Public Bank lost three sen to RM4.28, while CelcomDigi and Press Metal were flat at RM3.79 and RM5.21, respectively. Active counters were led by NexG, followed by Enproserve, with both accumulating 1.5 sen each to 52 sen and 28 sen, respectively. PRG advanced half-a-sen to 9.5 sen, Eco-Shop added one sen to RM1.32, while EA Holdings was down half-a-sen to half-a-sen. On the broader index board, the FBM Emas Index was 13.04 points higher at 11,432.77, the FBMT 100 Index rose 10.54 points to 11,192.48, and the FBM Emas Shariah Index was up 7.64 points to 11,454.99. The FBM 70 Index gained 41.42 points to 16,597.29, while the FBM ACE Index trimmed 7.19 points to 4,617.41. By sector, the Financial Services Index put on 36.2 points to 17,346.87, the Energy Index edged down 0.46 of a point to 739.71, and the Plantation Index improved 12.40 points to 7,408.55. The Industrial Products and Services Index rose 0.11 of a point to 154.15. — Bernama
The Star
an hour ago
- The Star
Slow start on Bursa despite Japan-US trade relief
KUALA LUMPUR: The FBM KLCI sat stubbornly on the start line on Wednesday even as relief over a trade deal struck between Japan and the US helped pull up Asian equities prices. While investors had been hoping for the deal between the world's largest and third-largest economies to give Bursa Malaysia an early-morning push, the market's main index eked out a meagre 2.28-point increase to 1,521.68 after days of weak investor sentiment. The mild gain on the market was owing an increase in Hong Leong Bank, adding 14 sen to RM19.14, Tenagna Nasional rising four sen to RM13.82 and Telekon climbing five sen to RM6.75. This was mostly offset by Public Bank, down two sen to RM4.29, PETRONAS Dagangan shaving 18 sen to RM21.10 and Gamuda dropping two sen to RM5.17. Contributing to the weak broader market sentiment, there remain headwinds in the form of trade uncertainties and the absence of fresh buying leads. However, there are pockets of trading opportunities for investors. "While short-term sentiment is still developing, value-seeking investors may continue to support the market through selective accumulation," said Rakuten Trade in its morning note. Among actively traded stocks, NexG rose one sen to 51.5 sen, Enpro gained 1.5 sen to 28 sen and PRG was up 0.5 sen to 9.5 sen.
The Star
6 hours ago
- The Star
Country still an attractive investment destination
PETALING JAYA: Tariff negotiations and the 13th Malaysia Plan (13MP) will be key factors that determine how investor sentiment is on Bursa Malaysia for the second half of the year (2H25). Hong Leong Investment Bank Research (HLIB Research) is optimistic Malaysia can negotiate a lower tariff level than the 25% announced by the White House effective before the Aug 1 deadline date. However, it said even if the tariff rate was to remain at the current level, the country will remain an attractive investment destination among foreign investors despite Vietnam (20% tariffs) and Indonesia (19% tariffs) having successfully negotiated a lower tariff rate. 'The gaps are modest and we believe they unlikely to deter foreign investments meaningfully. Even if tariffs remain elevated, policy tools like tax incentives can cushion the impact, in our view,' the research house stated in a strategy report. It added that Malaysia's corporate tax rate of 24%, versus 22% in Indonesia and 20% in Vietnam, has not historically hindered investments here due to the country's strong manufacturing base and supply chain links. 'We see these structural strengths will continue to make Malaysia an attractive destination under the global supply chain diversification or '+N' strategy,' HLIB Research stated. The research house has a 2025 target of 1,640 points for the benchmark FBM KLCI, with the valuation based on a 14.5 times price-earnings multiple, adding there is ample liquidity on the sidelines which is deployed increasingly by buying on dips. It however warned global markets are vulnerable to profit-taking and top-slicing activities, following the sharp rally after the announcement of US tariffs in April. 'Global equity prices have stayed relatively resilient, and overall market composure seems intact, which is arguably too calm. 'This prevailing stability may reflect a degree of complacency that suggest markets could be underpricing the risk of Trump following through with his latest tariff threats in August,' HLIB Research stated. It added the muted reaction on global markets may inadvertently embolden US President Donald Trump to follow through with his high reciprocal tariffs as his confidence has been reinforced by several recent successes such as the over US$100bil in customs duties collected without significantly derailing the economy, and continued strength in US equity markets which are trading at record highs. The research house however anticipates the equity market in the third quarter of this year (3Q25) to remain volatile due to macro and policy factors with 4Q25 likely becoming more calmer with any sharp drop in the market viewed as an opportunity to buy high beta stocks in particular. HLIB Research forecast the 13MP, which will be tabled in Parliament by the end of this month, to propose RM440bil of development expenditure and to have a globalist stance underpinned by the Madani ethos with projects reinforcing national flagship policies like the National Energy Transition Roadmap, New Industrial Masterplan 2030 and the National Semiconductor Strategy. This should provide leads for investors to pick stocks that can benefit from the 13MP plans. HLIB Research top picks at present are stocks of companies like CIMB Group Holdings Bhd , Sunway Bhd , Gamuda Bhd , 99 Speed Mart Retail Holdings Bhd , AMMB Holdings Bhd , IOI Properties Group Bhd , Dialog Group Bhd and SMRT Holdings Bhd .
