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The Star
26-06-2025
- Business
- The Star
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
New Straits Times
26-06-2025
- Business
- New Straits Times
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.
The Star
25-06-2025
- Business
- The Star
Bursa Malaysia higher at midday
KUALA LUMPUR: Bursa Malaysia ended today's morning session firmer amid improved sentiment and risk appetite following the development of a ceasefire between Israel and Iran. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 6.38 points, or 0.42 per cent, to 1,520.67 from Tuesday's close of 1,514.29 The FBM KLCI, which opened 4.38 points firmer at 1,518.67, moved between 1,518.01 and 1,524.71 during the session. The broader market was positive with 493 gainers outnumbering 308 decliners, while 431 counters were unchanged, 1,211 untraded and 25 suspended. Turnover stood at 1.81 billion units worth RM1.06 billion. ActivTrades trader Anderson Alves said risk appetite remained resilient as Asian equities trended higher following the ceasefire announcement, despite reports of violations by both sides earlier. "Market players will closely monitor Middle East developments for any signs of renewed geopolitical volatility," he said. Among the heavyweights, Maybank gained three sen to RM9.83, Public Bank was flat at RM4.31, Tenaga Nasional rose two sen to RM14.28, CIMB added three sen to RM6.80, and IHH Healthcare increased 12 sen to RM6.71. Among the most active stocks, NexG was flat at 35.5 sen, Reservoir Link decreased 5.5 sen to 25.5 sen, MYEG put on one sen to 93 sen, Tanco was unchanged at 94 sen, and Green Ocean trimmed 2.5 sen to 23.5 sen. On the index board, the FBM Emas Index garnered 64.78 points to 11,352.81, the FBMT 100 Index climbed 63.37 points to 11,135.69, and the FBM Emas Shariah Index rose 70.20 points to 11,294.35. The FBM 70 Index bagged 165.45 points to 16,244.43 and the FBM ACE Index put on 47.75 points to 4,465.46. By sector, the Financial Services Index appreciated 43.03 points to 17,721.50, the Industrial Products and Services Index added 1.06 points to 150.03, the Plantation Index slipped 9.95 points to 7,219.08, and the Energy Index ticked up 1.36 points to 729.25. - Bernama
Nahar Net
20-06-2025
- Business
- Nahar Net
Shares and oil prices gain as world waits to see if US will join Iran war
by Naharnet Newsdesk 20 June 2025, 15:10 World shares are mostly higher and crude oil prices have rebounded as investors wait to see if the U.S. will join Israel's war against Iran. Britain's FTSE 100 was 0.4% higher at 8,829.82 and the CAC-40 in Paris gained 0.6% to 7,595.06. Germany's DAX rose 0.9% at 23,256.98. U.S. futures edged lower after Wall Street was closed on Thursday for the Juneteenth holiday, with contracts for the S&P 500 and the Dow Jones Industrial Average down 0.2%. U.S. benchmark crude oil gained 52 cents to $75.66 per barrel, while Brent crude, the international standard added 31 cents to $77.01 per barrel. Oil prices have been gyrating as fears rise and ebb that the conflict between Israel and Iran could disrupt the global flow of crude. Iran is a major producer of oil and also sits on the narrow Strait of Hormuz, through which much of the world's crude passes. Investors remained wary after the White House said President Donald Trump could decide on whether to launch an attack on Israel within the next two weeks, but that he "still believes diplomacy is an option," said Anderson Alves, a trader at ActivTrades. "The stock market's risk premium isn't just rising — it's recalibrating for a world where every macro lever now doubles as a tripwire," Stephen Innes of SPI Asset Management said in a commentary, adding that traders are bracing for what comes next. "A delayed fuse is still a fuse," he said. Trump's tariffs agenda may have been eclipsed by the conflict in the Middle East, but it remains another major factor weighing on markets. Tokyo's Nikkei 225 index edged 0.2% lower to 38,403.23 after Japan reported that its core inflation rate, excluding volatile food prices, rose to 3.7% in May, adding to challenges for Prime Minister Shigeru Ishiba's government and the central bank. "Core Japanese inflation rose more than expected in May. Even so, the Bank of Japan is likely to prioritize the negative impact of U.S. tariffs, Min Joo Kang of ING Economics said in a commentary. "For now, it's more concerned about the risk that US trade policies could break the virtuous circle of wage growth and inflation." Hong Kong's Hang Seng index climbed to 1.3% to 23,530.48, while the Shanghai Composite fell 0.2% to 3,359.90. China's central bank kept its key 1-year and 5-year loan prime rates unchanged, as expected. Australia's S&P/ASX 200 shed 0.2% to 8,505.50, while South Korea's Kospi gained 1.5% to 3,021.84. On Thursday, the Bank of England kept its main interest rate at a two-year low of 4.25%, citing risks that the conflict between Israel and Iran will escalate. The U.S. dollar slipped to 145.37 Japanese yen from 145.46 yen. The euro rose to $1.1516 from $1.1498.
Asahi Shimbun
20-06-2025
- Business
- Asahi Shimbun
Asian shares are mixed and oil gains as world waits to see if U.S. will join Israel's war against Iran
A person walks in front of an electronic stock board showing Japan's Nikkei index at a securities firm, June 20, 2025, in Tokyo. (AP Photo) MANILA--Crude oil prices rose and Asian shares were trading mixed on Friday as investors awaited more clarity on whether or not the U.S. will join Israel's war against Iran. U.S. futures edged lower after Wall Street was closed on Thursday for the Juneteenth holiday. U.S. benchmark crude oil added 15 cents to $73.65 per barrel, while Brent crude, the international standard was up 19 cents at $76.89 per barrel. Oil prices have been gyrating as fears rise and ebb that the conflict between Israel and Iran could disrupt the global flow of crude. Iran is a major producer of oil and also sits on the narrow Strait of Hormuz, through which much of the world's crude passes. Investors remained wary after the White House said President Donald Trump could decide on whether to launch an attack on Israel within the next two weeks, but that he 'still believes diplomacy is an option,' said Anderson Alves, a trader at ActivTrades. Trump's tariffs agenda remains another major factor weighing on markets. Tokyo's Nikkei 225 index edged 0.1% higher to 38,538.14 after Japan reported that its core inflation rate, excluding volatile food prices, rose to 3.7% in May, adding to challenges for Prime Minister Shigeru Ishiba's government and the central bank. 'Core Japanese inflation rose more than expected in May. Even so, the Bank of Japan is likely to prioritize the negative impact of U.S. tariffs, Min Joo Kang of ING Economics said in a commentary. 'For now, it's more concerned about the risk that US trade policies could break the virtuous circle of wage growth and inflation.' Hong Kong's Hang Seng index jumped 1.2% to 23,504.59, while the Shanghai Composite gained 0.1%, reversing earlier losses, to 3,364.83. China's central bank kept its key 1-year and 5-year loan prime rates unchanged, as expected. Australia's S&P/ASX 200 shed 0.3% to 8,500.40 while South Korea's Kospi gained 1.2% to 3,014.05. 'Risk sentiments were cautious as Iran-Israel tensions continued roiling,' Mizuho Bank Ltd. said in a commentary. On Thursday, the Bank of England kept its main interest rate at a two-year low of 4.25%, citing risks that the conflict between Israel and Iran will escalate. The U.S. dollar slipped to 145.28 Japanese yen from 145.46 yen. The euro rose to $1.1530 from $1.1498.
