Bursa Malaysia ends morning session weaker
At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 2.90 points to 1,547.31 from Wednesday's close of 1,550.21.
The benchmark index had opened 4.07 points lower at 1,546.14.
However, the broader market was positive with 514 gainers leading 371 decliners, while 404 counters were unchanged, 1,099 untraded and 11 suspended.
Turnover stood at 2.37 billion units worth RM1.36 billion.
Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the local benchmark index is expected to hover in the 1,545-1,555 range today, as Wall Street closed overnight on a mixed note with traders awaiting June's big job report.
"Nonetheless, funds rotated back to tech stocks as Nasdaq ended on a record high. Meanwhile, the US 10-year yield inched higher at 4.283 per cent," he told Bernama.
Among the heavyweights, Maybank was flat at RM9.76, Tenaga Nasional lost 62 sen to RM13.98 and Public Bank slipped 2.0 sen to RM4.30. CIMB rose 2.0 sen to RM6.80 and IHH Healthcare improved 3.0 sen to RM6.86.
As for the most active stocks, Zetrix AI added 1.0 sen to 97.5 sen, NEXG and DNeX earned half-a-sen each to 38.5 sen and 29.5 sen, respectively, while Inari Amerton increased 4.0 sen to RM2.04.
On the index board, the FBM Emas Index climbed 4.81 points to 11,586.90, the FBMT 100 Index garnered 1.21 points to 11,361.98, and the FBM Emas Shariah Index decreased 6.36 points to 11,593.47.
The FBM 70 Index surged 100.45 points to 16,711.69, while the FBM ACE Index went up 30.68 points to 4,509.77.
By sector, the Financial Services Index advanced 12.67 points to 17,721.43, the Industrial Products and Services Index edged up 1.41 points to 155.88 and the Energy Index fell 2.34 points to 744.83, while the Plantation Index trimmed 2.13 points to 7,393.83.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Borneo Post
39 minutes ago
- Borneo Post
Anwar: Asean moving towards local currency use in trade
Anwar says it is a concrete way toward a more stable financial system free of unilateral domination. – Bernama photo KUALA LUMPUR (July 5): Asean has taken steps to reform the grouping by not only increasing trade among the member countries but also the use of local currencies in trade as a concrete way toward a more stable financial system free of unilateral domination, Prime Minister Datuk Seri Anwar Ibrahim said today. 'Of course, we are not talking about de-dollarisation yet, that's still a long way to go. But at least we are trying. Malaysia, together with Indonesia, Thailand, and China, we are beginning to use our currencies, even if it starts with just 10 or 20 per cent of the trade volume. 'It makes a difference because we cannot keep complaining without executing our plans, both among ourselves and with our friendly neighbours,' he said at the BRICS Business Forum entitled: 'Bridging Continents, Building Future: A Shared Agenda for Sustainable Progress' in Rio De Janeiro, Brazil today. Also present were President of Brazil Luiz Inácio Lula da Silva, Vice President of Brazil Geraldo Alckmin and President of the Brazilian Confederation of National Industry (CNI) Ricardo Alban. – Bernama anwar ibrahim asean dollar local currency trade
The Sun
2 hours ago
- The Sun
Proton targets over 2,000 monthly sales for new X50 SUV
SHAH ALAM: Proton Holdings Bhd aims to sell at least 'two thousand plus' units of the 'all-new' Proton X50 per month when it launches. Deputy chief executive officer of Proton Edar, Zhang Qiang, said that with the newly upgraded features, the new Proton X50 model would continue to be the nation's best-selling B-segment SUV. 'We are targeting to sell at least 2,000 plus units of this new Proton X50 per month,' he told reporters after the pre-launch of the latest Proton X50 model at Setia City Mall, Shah Alam today. Zhang said Proton Edar will start to accept bookings for the X50 new models, targeting 10,000 units before the official launch sometime this month. The new X50 comes with a bold new design and now features Malay language voice recognition. It is available in the executive, premium, and flagship variants, with the overall new add-on features valued at more than RM10,000. Since its debut in 2020, the Proton X50 has redefined the SUV segment in Malaysia, with over 140,000 units sold, positioning it as the nation's best-selling B-segment SUV for five consecutive years. - Bernama
Borneo Post
6 hours ago
- Borneo Post
Internship agreements not subject to stamp duty, MICSEA confirms
Lai says the clarification is both timely and essential, particularly for employers seeking to comply with legal requirements without unnecessary confusion. — Bernama photo KUCHING (July 5): Internship agreements are not required to be stamped as they do not constitute a formal employer-employee relationship, said the Malaysian Industrial and Commercial Employers Association (MICSEA), citing clarifications from the Inland Revenue Board (LHDN) FAQs. MICSEA president YK Lai said the clarification is both timely and essential, particularly for employers seeking to comply with legal requirements without unnecessary confusion. 'This clarification is crucial and welcomed, as it ensures that companies can continue to offer internships without administrative hurdles or added cost implications,' he said in a statement. 'With this, many employers can now confidently enhance their internship programmes without fear of non-compliance. It also ensures that internship opportunities will not be disrupted or deterred, supporting the government's initiative to prepare students to be industry-ready upon graduation.' He added that many companies view internship programmes as an important talent pipeline, and the assurance provided will allow them to contribute meaningfully to graduate employability and real-world exposure. In contrast, Lai said apprenticeship agreements do require stamping as they are considered formal employment relationships governed under the Employment Act 1955. He added that employment contracts that have been exempted may obtain a stamp duty exemption certificate. 'This implies that submission is optional, offering flexibility to employers with exempted pre-2025 contracts.' He further noted that employment contracts sealed from 2025 onward must be submitted to LHDN for stamping in accordance with subsection 4(1) of the Stamp Act 1949. To further promote voluntary compliance and ease the process, Lai proposed that LHDN allow for a one-time bulk submission of all employment contracts signed before Jan 1, 2025 to obtain the stamp duty exemption certificate. 'This initiative would encourage more employers to come forward and regularise their documents in an efficient, streamlined manner,' he said. He also called on all employers to review the full FAQs for better understanding and continue consulting with relevant experts where needed. 'MICSEA is working closely with all its members together with HR Edge Consulting Sdn Bhd (HRedge) and will issue further guidance to support smooth implementation via training with MyFreelys Academy, a certified HRDCorp Training Provider. 'We remain committed to supporting employers in navigating policy changes while maintaining fair, compliant practices,' added Lai. employment internship LHDN MICSEA stamp duty
