Bursa Malaysia firmer at midday
KUALA LUMPUR: Bursa Malaysia ended today's morning session firmer, with the benchmark index rising 0.34 per cent, tracking the upbeat mood in most regional markets.
At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.12 points to 1,524.91 from Wednesday's close of 1,519.79.
The FBM KLCI, which opened 0.45 of a point better at 1,520.24, moved to a high of 1,526.24 during the session.
The broader market was positive with 427 gainers outnumbering 345 decliners, while 419 counters were unchanged, 1,247 untraded and 102 suspended.
Turnover stood at 1.57 billion units worth RM978.65 million.
ActivTrades trader Anderson Alves said risk appetite remained resilient while Asian equities are likely to trade mixed today as month-end flows and hawkish remarks from the US Federal Reserve drive global macro price action.
At lunch break, Singapore's STI rose 0.21 per cent, Japan's Nikkei 225 was up 1.35 per cent, while Hong Kong's Hang Seng Index fell 0.48 per cent.
Among the heavyweights, Maybank and IHH Healthcare rose one sen to RM9.80 and RM6.71, respectively. Public Bank was flat at RM4.30, Tenaga Nasional gained two sen to RM14.26, and CIMB added four sen to RM6.81.
As for the most active stocks, SNS Network fell 1.5 sen to 54.4 sen, Borneo Oil gave up half a sen to 0.5 sen, Green Ocean trimmed 2.5 sen to nine sen, Reservoir Link was down one sen to 21.5 sen, while YTL Corp rose 11 sen to RM2.25.
On the index board, the FBM Emas Index climbed 38.46 points to 11,385.02, the FBMT 100 Index garnered 39.20 points to 11,167.60, and the FBM Emas Shariah Index advanced 36.61 points to 11,338.39.
The FBM 70 Index advanced 64.61 points to 16,425.94 and the FBM ACE Index ticked up 7.60 points to 4,466.57.
By sector, the Financial Services Index improved 33.85 points to 17,696.85, the Industrial Products and Services Index edged up 1.38 points to 151.59, the Plantation Index gained 13.01 points to 7,243.20, and the Energy Index added 5.00 points to 733.11. - Bernama
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
![MARKET PULSE AM JUNE 30, 2025 [WATCH]](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fassets%2FNST-Logo%402x.png%3Fid%3Db37a17055cb1ffea01f5&w=48&q=75){kind=small}
New Straits Times
34 minutes ago
- New Straits Times
MARKET PULSE AM JUNE 30, 2025 [WATCH]
KUALA LUMPUR: News on stock, crypto and ringgit moves. Sarawak Consolidated Industries was the most active stock in early trade after proposing a rights issue with free detachable warrants and a capital reduction to boost its capital base. The stock fell 3 sen to 12 sen, with 3 million shares traded. Bursa Malaysia opened higher on Monday, taking cues from Wall Street's upbeat performance driven by optimism over US-China trade discussions. The benchmark index is anticipated to move within the 1,530 to 1,540 range today. In the cryptocurrency market, Bitcoin is climbing to around RM458,296, while Ethereum is also trending upward to approximately RM10,587. In contrast, Solana has slipped to about RM640. That's it for Market Pulse.
New Straits Times
an hour ago
- New Straits Times
Gold rebounds from over one-month low on weaker dollar
KUALA LUMPUR: Gold reversed course and edged higher on Monday, supported by a weaker dollar, after hitting a more than one-month low earlier as easing US-China trade tensions dampened safe-haven demand and bolstered risk appetite. Spot gold rose 0.30 per cent to US$3,281.65 per ounce, as of 0216 GMT, after hitting its lowest since May 29 earlier in the session. US gold futures were up 0.20 per cent at US$3,293.30. "There is less of a 'doom and gloom' outlook surrounding both tariff talks and events in the Middle East, which is relegating gold to play second fiddle to risk assets," KCM Trade Chief Market Analyst Tim Waterer said. Asian shares firmed, with Wall Street futures advancing, while the US dollar index fell 0.20 per cent. A lower dollar makes greenback-priced bullion less expensive. The US and China have resolved issues surrounding shipments of rare earth minerals and magnets to the United States, Treasury Secretary Scott Bessent said on Friday, adding that the Trump administration's various trade deals with other countries could be done by the September 1 Labor Day holiday. Meanwhile, US President Donald Trump abruptly cut off trade talks with Canada on Friday over its tax targeting US technology firms, saying that it was a "blatant attack" and he would set a new tariff rate on Canadian goods within a week. The Iran-Israel ceasefire after a 12-day conflict also appeared to be holding, further reducing safe-haven demand. "The dollar remains pressured which is limiting the extent of the slide for gold. However, the US$3,250 level shapes as a key support level for gold. Any breach of this level could see losses accelerate towards the US$3,200 level," Waterer said. Stable geopolitical and economic conditions often reduce demand for gold as a safe-haven asset, while non-yielding bullion's appeal further wanes in a high-interest-rate environment. Spot silver was down 0.10 per cent at US$36.02 per ounce, platinum firmed one per cent to US$1,353.13, while palladium was up 0.20 per cent at US$1,135.48.
Focus Malaysia
an hour ago
- Focus Malaysia
Foreign funds turn the tide to emerge net buyers on Bursa with modest RM34m inflow
FOREIGN investors posted a net inflow of RM33.2 mil on Bursa Malaysia during the Awal Muharam-shortened June 23-26 trading week to reverse a five-week selling streak which ended with net selling amounted to -RM565.2 mil the previous week. Their trading activity was mixed throughout the week with net buying recorded on Tuesday (Jine 24) and Thursday (June 26) while Monday (June 23) and Wednesday (June 25) saw net outflows, according to MIDF Research. 'Inflows ranged from RM5.0 mil to RM144.1 mil whereas outflows were between -RM50.7 mil and -RM65.2 mil,' observed the research house in its weekly fund flow report. The three sectors that recorded the highest net foreign inflows were utilities (RM102.6 mil), transportation & logistics (RM45.9 mil) and industrial products & services (RM22.9 mil). Reversely, the top three sectors that posted the highest net foreign outflows were financial services (-RM109.9 mil), property (-RM35.9 mil) and telco & media (-RM28.0 mil). Local institutions also continued with their purchasing activities to extend their buying streak to a sixth week with net inflow amounting to RM142.8 mil which was considerably smaller than the previous week's inflow of RM510.6 mil. However, local retailers returned to becoming net sellers last week by offloading -RM176.0 mil to snap their one-week inflow streak. The average daily trading volume (ADTV) recorded a broad-based increase last week except for foreign investors. Local retailers and local institutions saw an increase of +12.7% and +9.7% respectively while foreign investors encountered a decline of -17.0%. In comparison with another four Southeast Asian markets tracked by MIDF Research, only Thailand posted a net inflow of US$105.5 mil from foreign investors to reverse the previous week's outflow. The Philippines registered net outflow of -US$19.7 mil to stretch its foreign selling streak to three weeks while Indonesia posted a modest outflow of -US$.8 mil to extend its net selling trend to two weeks. Elsewhere, Vietnam recorded a marginal outflow of -US$1.7 mil for a second successive week of net outflows. The top three stocks with the highest net money inflow from foreign investors last week were Malayan Banking Bhd (RM154.1 mil), Tenaga Nasional Bhd (RM130.7 mil) and Eco-Shop Marketing Bhd (RM45.5 mil), – June 30, 2025
