Latest news with #DanniHaizalDanialDonald
Barnama
7 days ago
- Business
- Barnama
Bargain-hunting Activities Push Bursa Malaysia Higher At The Close
WORLD By Durratul Ain Ahmad Fuad and Danni Haizal Danial Donald KUALA LUMPUR, July 17 (Bernama) -- Bursa Malaysia ended two days of losses to close higher on Thursday, tracking gains in the regional markets as bargain-hunting activities emerged following the recent sell-off. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 9.44 points or 0.63 per cent to 1,520.94 from Wednesday's close of 1,511.50. The benchmark index opened 0.39 of a point higher at 1,511.89 and subsequently moved between 1,511.64 and 1,521.15 throughout the session. The market breadth was positive, with 547 gainers outpacing 416 decliners and 475 counters unchanged, while 1,019 were untraded and eight suspended. Turnover eased to 3.17 billion shares worth RM2.48 billion, compared with 3.18 billion shares worth RM2.44 billion on Wednesday. UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research Mohd Sedek Jantan said regional bourses recorded gains, suggesting a broader return of risk appetite. The local market was in sync with most of its regional peers -- Singapore's Straits Times Index rose 0.66 per cent to 4,159.57, South Korea's Kospi advanced 0.37 per cent to 3,192.29 and Japan's Nikkei 225 gained by 0.6 per cent to 39,901.19. However, Hong Kong's Hang Seng Index inched down 0.08 per cent to 24,498.95. 'Looking ahead, attention will turn to key United States (US) economic data releases later today, with June retail sales figures and last week's jobless claims scheduled for release.
Barnama
07-07-2025
- Business
- Barnama
Bursa Malaysia Ends Lower, Tracks Regional Losses On Trade Jitters
By Siti Noor Afera Abu and Danni Haizal Danial Donald KUALA LUMPUR, July 7 (Bernama) -- Bursa Malaysia closed lower on Monday, reversing last week's gains, as regional markets weakened amid renewed investor caution ahead of the July 9 tariff deadline, analysts said. The local bourse tracked losses across Asia as investors awaited United States President Donald Trump's final decision on trade deals. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 12.65 points, or 0.82 per cent, to 1,537.54, down from last Friday's close of 1,550.19. The benchmark opened 5.45 points lower at 1,544.74 and touched an intraday low of 1,534.67 in early trade. Market breadth was negative, with 754 decliners outpacing 260 gainers. A total of 466 counters were unchanged, while 944 were untraded and 19 suspended. Turnover rose to 3.57 billion shares worth RM2.49 billion, compared with 3.43 billion shares worth RM2.47 billion on Friday. UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said trade tensions resurfaced after Trump reaffirmed his intention to impose unilateral tariffs on a broad range of countries.
Barnama
06-06-2025
- Business
- Barnama
Ringgit Ends Marginally Lower Against Greenback On Stronger US Dollar Index
By Danni Haizal Danial Donald KUALA LUMPUR, June 6 (Bernama) -- The ringgit closed marginally lower against the US dollar on Friday, amid a stronger US Dollar Index (DXY) as traders await US Nonfarm Payroll (NFP) data tonight, said an analyst. At 6 pm, the local note stood at 4.2270/2360 against the greenback, easing from Thursday's close of 4.2245/2295. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the DXY gained 0.14 per cent to 98.884 points as the markets await the NFP data tonight, expecting payrolls to increase by 126,000 in May, down from 177,000 in the previous month. 'The ringgit versus the US dollar exchange oscillates around RM4.22 to RM4.23 today. Compared to yesterday, the ringgit depreciated slightly by 0.09 per cent to RM4.2310. 'This week, the ringgit has performed well as it has gained 0.7 per cent,' he told Bernama. Meanwhile, SPI Asset Management managing partner Stephen Innes said as US-China tariff tensions subside and foreign capital continues to flow into Malaysian debt and foreign exchange deposits, the ringgit is gaining stronger structural support. 'Foreign investor interest remains strong, suggesting that any ringgit weakness driven by the US dollar is likely to attract buyers swiftly,' he said. At the close, the ringgit traded mostly higher against a basket of major currencies.
Barnama
06-06-2025
- Business
- Barnama
Gold Futures End Lower Amid Positive US-China Developments
By Danni Haizal Danial Donald KUALA LUMPUR, June 6 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives ended lower today, as the gold market eased slightly following a promising phone call between United States President Donald Trump and Chinese President Xi Jinping, said an analyst. The call, which signalled improving diplomatic engagement between the world's two largest economies, helped calm investor nerves over potential trade and geopolitical tensions. According to SPI Asset Management managing partner Stephen Innes, the development reduced demand for safe-haven assets such as gold, contributing to the price easing. 'The Trump-Xi call has reduced safe-haven demand for US assets, keeping gold within a tighter trading range. 'Additionally, despite the positive tone of the Trump-Xi conversation, the precious metal remains closely tied to the movement of the US dollar, with traders hoping that an earlier-than-expected US Federal Reserve rate cut will weaken the greenback,' he told Bernama. The spot-month June 2025 contract fell to US$3,371.80 per troy ounce from US$3,400.90 yesterday, while the July 2025 contract dropped to US$3,380.30 from US$3,409.40. The August, September and October 2025 contracts decreased to US$3,393.80 per troy ounce from US$3,422.90 yesterday. Trading volume increased to 109 lots from 38 lots on Thursday, while open interest rose to 122 contracts from 62 contracts.
Barnama
27-05-2025
- Business
- Barnama
Ringgit Eases Against Greenback On Profit-Taking After Recent Gains
By Danni Haizal Danial Donald KUALA LUMPUR, May 27 (Bernama) -- The ringgit ended lower against the US dollar on Tuesday as cautious traders took profit after recent gains amid continued uncertainty in the global economic outlook. At 6 pm, the local note fell to 4.2345/2430 versus the US dollar from Monday's close of 4.2155/2220. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said it appeared that traders might have realised their gains in the currency markets after the recent steep appreciation of emerging currencies. 'Nonetheless, the immediate (global) macroeconomic picture is pretty much unchanged, where sentiments among businesses and consumers are still cautious,' he told Bernama, noting that other emerging market currencies also depreciated against the American dollar as the US Dollar Index (DXY) rose to 99.018 points. 'The US Conference Board will be publishing their latest survey on the consumer confidence index for May, with the latest data in April seeing a persistent fall to 86 points, representing the fifth consecutive month of decline since December last year. 'The consensus (view is for) a slight improvement to 87.1 points. Perhaps lower gasoline prices might have lent some support to consumers during May, although such support is expected to be transitory,' he added. The ringgit traded mostly lower against a basket of major currencies at the close. It rose against the Japanese yen to 2.9425/9486 from Monday's close of 2.9506/9553, but fell vis-à-vis the euro to 4.8053/8150 from 4.7972/8046 and depreciated against the British pound to 5.7352/7467 from 5.7175/7263.
