YTL Corp, YTL Power fuel FBM KLCI rebound in June
In its June 2025 monthly wrap note, CIMB Securities said the firms, controlled by the Yeoh family, helped lift the benchmark index by 24 points, or 1.6 per cent month-on-month.
YTL Corp surged 27.5 per cent, while YTL Power gained 24.4 per cent, making them the top two gainers among the 20 FBM KLCI constituents that ended the month in positive territory.
"Among FBM KLCI constituents, the top three gainers in June were YTL Corp, YTL Power and Axiata Group Bhd," the research firm said.
"Local institutional investors were the largest and only net buyers in June, recording net inflows of RM1.7 billion. Their top three net buy stocks in June were Public Bank Bhd, YTL Corp and YTL Power."
The performance of the YTL-related counters contributed to the utilities sector's broader outperformance for the month, which topped the sectoral index table with a 4.3 per cent gain.
The gains also came amid improved market sentiment following the easing of geopolitical tensions, a strengthening ringgit and renewed foreign fund inflows.
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Malay Mail
33 minutes ago
- Malay Mail
Bursa Malaysia ends slightly higher as foreign funds lift banks, utilities and consumer counters
KUALA LUMPUR, July 4 — Bursa Malaysia turned slightly higher at the close yesterday, supported by continued buying in selected heavyweights led by financial services, industrial products and services counters amid a mixed regional markets' performance, an analyst said. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 1.20 points, or 0.08 per cent, to 1,550.19 from yesterday's close of 1,548.99. The index opened 1.75 points higher at 1,550.74 and hovered between 1,547.70 and 1,551.78 throughout the day. The broader market was positive with 489 gainers compared to 466 decliners, while 509 counters were unchanged, 923 untraded and 21 suspended. Turnover fell to 3.43 billion units worth RM2.47 billion against 5.09 billion units worth RM2.9 billion yesterday. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the FBM KLCI closed marginally higher with buying mainly on consumer, utilities and banks, with profit-taking on Petronas-linked stocks. 'Regional market tone remained cautious following President Donald Trump's plan to issue official communications today on revised US tariff rates to key global economies. 'To date, the US has signed trade deals only with the UK and Vietnam, and a limited framework with China. As for the local bourse, sentiment remains positive thanks to the return of foreign funds,' he told Bernama. Among heavyweights, Maybank lost 6.0 sen to RM9.74, Public Bank added 8.0 sen to RM4.38, Tenaga Nasional ticked up 4.0 sen to RM14.06, CIMB dropped 2.0 sen to RM6.77, and IHH Healthcare went down 10 sen to RM6.75. As for the most active stocks, Borneo Oil was flat at half-a-sen, Zetrix AI improved 2.0 sen to 99.5 sen, Nationgate went up 11 sen to RM1.78, NexG was 1.0 sen higher at 40 sen and Tanco dropped 1.0 sen to 89 sen. — Bernama
New Straits Times
an hour ago
- New Straits Times
Bursa's key index closes flat with mixed performance across broader market
KUALA LUMPUR: Bursa Malaysia ended the session broadly flat today, reflecting a mixed sectoral performance across the broader market, said an analyst. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) edged up 1.2 points or 0.08 per cent to 1,550.19 from Thursday's close of 1,548.99. The index opened 1.75 points higher at 1,550.74. The broader market, however, was slightly positive with gainers outnumbering losers 489 to 466, while 509 counters were unchanged, 902 untraded and 22 suspended. Turnover stood at 3.4 billion units worth RM2.47 billion compared with Thursday's 5.09 billion units valued at RM2.94 billion. UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said the gains among benchmark constituents were led by consumer-related and industrial product counters. He told Business Times that the buying interest was supported by sustained domestic demand and growing optimism in data centre-related industries, a theme increasingly prominent in Malaysia's digital infrastructure ambitions. For the week, the FBM KLCI rose 1.2 per cent on a Friday-to-Friday basis. Sedek said trading activity moderated slightly as it returns to average turnover levels suggests investors are adopting a more measured stance as they await clearer policy signals and external developments. "Since June 26, foreign investors have resumed net buying of local equities, a constructive sign that reflects growing confidence in the country's macroeconomic trajectory and improving risk appetite for regional markets," he added. Given that the Bursa Malaysia Technology Index has rebounded by over 10 per cent since its recent low on June 23, he continues to view the sector favourably. This is supported by structural tailwinds from global tech investment and Malaysia's position within regional supply chain realignment. He said a dovish policy outlook from the US Federal Reserve also offers potential upside through valuation re-rating for growth and semiconductor-related counters. "We anticipate heightened caution and intermittent volatility ahead, as investors closely monitor the evolving landscape of global trade policy. "Particular attention is centred on the US' 'Liberation Day' deadline of July 9, when elevated tariffs, ranging from 20 per cent 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. "President Trump has indicated that official notifications outlining new tariff rates will be issued imminently to affected trade partners," he added.
The Star
4 hours ago
- The Star
FBM KLCI edges higher at midday as market recovers from early dip
KUALA LUMPUR: The local bourse staged a mild recovery by midday, with the FBM KLCI rebounding from early losses despite limited follow-through from Wall Street's record-setting performance. The FBM KLCI rebounded from earlier losses to rise two points, or 0.13%, to 1,550.99, after reaching an intramorning high of 1,551.78. Market breadth was mixed, with 411 gainers and 414 decliners, while 441 counters remained untraded. Trading volume stood at nearly two billion shares, valued at RM1.11 billion. Genting Plantations, the top gainer on Bursa Malaysia, rose 22 sen to RM5.23. Hong Leong Bank added 12 sen to RM19.70, Hong Leong Financial Group gained 10 sen to RM16.56 and Malaysian Pacific Industries climbed 10 sen to RM22.70. Among the losers, Nestle tumbled RM2 to RM78, Dutch Lady eased 46 sen to RM29.22, PETRONAS Dagangan lost 46 sen to RM21.50 and Westports fell 32 sen to RM5.48. TA Securities said the local market is likely to remain in a consolidation phase, weighed down by a lack of strong domestic catalysts and lingering uncertainty over a potential trade deal with the United States. 'Immediate index support is kept at 1,490, with stronger supports found at 1,465 followed by 1,444. 'Immediate resistance remains at 1,564 with next upside hurdles seen at the recent high of 1,586, followed by 1,610 ahead,' TA said. Meanwhile, Malacca Securities believes the local bourse may trade on a firmer footing for the session. This follows a positive lead from Wall Street, driven by sustained buying interest in tech stocks after the de-escalation of the US-Vietnam trade deal, along with the return of foreign funds over the past week. 'We anticipate the resumption of data center theme could lead to more positive trading activity within the technology and telco sectors, where Telekom Malaysia has recently experienced a breakout move,' it said. Malacca Securities said that for a more conservative play, it favours IGB REIT and Sunway REIT, citing active asset acquisitions and sustained interest in the sector.
