Latest news with #FBMEmasIndex
The Star
17 hours ago
- Business
- The Star
Bursa Malaysia to trade in cautious mode with upside bias this week
KUALA LUMPUR (Bernama): Bursa Malaysia is expected to trade in cautious mode this week, but with an upside bias amid a constructive backdrop, as investors shift their focus away from the Middle East risks, an analyst said. SPI Asset Management managing partner Stephen Innes believed investors will concentrate on assessing upcoming macroeconomic data releases while awaiting the deadline for the United States' reciprocal tariff pause. "That said, the chances of an extension to the deadline are increasing given recent geopolitical distractions," he told Bernama, adding that market sentiment could also be supported by the possibility of a Federal Reserve rate cut at its July meeting. Meanwhile, Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng maintains a cautiously optimistic view on the FTSE Bursa Malaysia KLCI's (FBM KLCI) near-term outlook, as the index shows signs of upward momentum. "We believe that a breakout above the 1,530 level, supported by strong trading volume and sustained price action, would be a constructive signal that the market is ready to stage the next leg of its rally," he said. For the upcoming week, Thong believes that market attention will focus on several key macroeconomic releases, both locally and internationally. "In the near term, we anticipate the FBM KLCI to trade within a range of 1,510 to 1,540," he added. On a weekly basis, the barometer index advanced 25.42 points to 1,528.16 from 1,502.74 in the preceding week. The FBM Emas Index expanded 169.81 points to 11,398.80, the FBMT 100 Index 165.91 points to 11,181.36, and the FBM Emas Shariah Index garnered 139.79 points to 11,341.13. The FBM 70 Index climbed 152.91 points to 16,270.66 and the FBM ACE Index rose 73.91 points to 4,474.76. Across sectors, the Financial Services Index jumped 268.72 points to 17,737.10, the Plantation Index surged 108.50 points to 7,329.02, the Healthcare Index edged up 17.70 points to 1,709.59, and the Industrial Products and Services Index perked up 4.71 points to 151.98. However, the Energy Index declined by 3.03 points to 732.68. Turnover for the shortened trading week narrowed to 11.68 billion units worth RM8.45 billion from 13.72 billion units worth RM10.84 billion in the preceding week. The Main Market volume dropped to 5.40 billion units valued at RM7.39 billion against 6.29 billion units valued at RM9.63 billion previously. Warrants turnover tumbled to 4.96 billion units worth RM655.61 million versus 6.16 billion units worth RM845.61 million a week ago. The ACE Market volume slipped to 1.07 billion units valued at RM399.48 million compared with 1.25 billion units valued at RM361.21 million a week earlier. - Bernama
New Straits Times
a day ago
- Business
- New Straits Times
Bursa Malaysia to trade in cautious mode with upside bias next week
KUALA LUMPUR: Bursa Malaysia is expected to trade in cautious mode next week, but with an upside bias amid a constructive backdrop, as investors shift their focus away from the Middle East risks, an analyst said. SPI Asset Management managing partner Stephen Innes believed investors will concentrate on assessing upcoming macroeconomic data releases while awaiting the deadline for the United States' reciprocal tariff pause. "That said, the chances of an extension to the deadline are increasing given recent geopolitical distractions," he told Bernama, adding that market sentiment could also be supported by the possibility of a Federal Reserve rate cut at its July meeting. Meanwhile, Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng maintains a cautiously optimistic view on the FTSE Bursa Malaysia KLCI's (FBM KLCI) near-term outlook, as the index shows signs of upward momentum. "We believe that a breakout above the 1,530 level, supported by strong trading volume and sustained price action, would be a constructive signal that the market is ready to stage the next leg of its rally," he said. For the upcoming week, Thong believes that market attention will focus on several key macroeconomic releases, both locally and internationally. "In the near term, we anticipate the FBM KLCI to trade within a range of 1,510 to 1,540," he added. On a weekly basis, the barometer index advanced 25.42 points to 1,528.16 from 1,502.74 in the preceding week. The FBM Emas Index expanded 169.81 points to 11,398.80, the FBMT 100 Index 165.91 points to 11,181.36, and the FBM Emas Shariah Index garnered 139.79 points to 11,341.13. The FBM 70 Index climbed 152.91 points to 16,270.66 and the FBM ACE Index rose 73.91 points to 4,474.76. Across sectors, the Financial Services Index jumped 268.72 points to 17,737.10, the Plantation Index surged 108.50 points to 7,329.02, the Healthcare Index edged up 17.70 points to 1,709.59, and the Industrial Products and Services Index perked up 4.71 points to 151.98. However, the Energy Index declined by 3.03 points to 732.68. Turnover for the shortened trading week narrowed to 11.68 billion units worth RM8.45 billion from 13.72 billion units worth RM10.84 billion in the preceding week. The Main Market volume dropped to 5.40 billion units valued at RM7.39 billion against 6.29 billion units valued at RM9.63 billion previously. Warrants turnover tumbled to 4.96 billion units worth RM655.61 million versus 6.16 billion units worth RM845.61 million a week ago. The ACE Market volume slipped to 1.07 billion units valued at RM399.48 million compared with 1.25 billion units valued at RM361.21 million a week earlier.
Malaysian Reserve
5 days ago
- Business
- Malaysian Reserve
Bursa rises at open, tracks Wall Street rally
KUALA LUMPUR — Bursa Malaysia rebounded to open higher on Wednesday, tracking Wall Street's overnight rally as sentiment improved amid easing Middle East tensions, an analyst said. At 9.08 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 0.58 per cent, or 8.84 points, to 1,523.13 from Tuesday's close of 1,514.29. The benchmark index opened 4.38 points firmer at 1,518.67. The broader market was positive, with 232 gainers outpacing 78 decliners. A total of 217 counters were unchanged, 1,916 untraded, and 25 suspended. Turnover stood at 152.14 million shares worth RM102.19 million. Malacca Securities Sdn Bhd stated in a note that Wall Street's rally was fueled by signs of easing geopolitical tensions and dovish signals from the US Federal Reserve, which lifted investor sentiment. 'US President Donald Trump's declaration that a ceasefire between Israel and Iran is 'in effect' lifted optimism, despite accusations of immediate violations by both sides. 'In view of the ceasefire and Wall Street's relief rally, we believe local market conditions may turn positive,' the firm said. Among heavyweights, Maybank gained five sen to RM9.85, Public Bank added two sen to RM4.33, Tenaga Nasional rose four sen to RM14.30, CIMB climbed three sen to RM6.80, and IHH Healthcare was up five sen to RM6.64. Among the most active stocks, NexG rose one sen to 36.5 sen, Magma added half a sen to 48 sen, Green Ocean remained flat at 26 sen, Cuckoo dropped two sen to RM1.06, and Dataprep slipped half-a-sen to 9.5 sen. On the index board, the FBM Emas Index climbed 64.86 points to 11,352.89, the FBMT 100 Index added 66.25 points to 11,138.57, and the FBM Emas Shariah Index advanced 63.89 points to 11,288.04. The FBM 70 Index surged 103.19 points to 16,435.52, while the FBM ACE Index gained 20.48 points to 4,438.19. By sector, the Financial Services Index rose 97.54 points to 17,776.01, the Industrial Products and Services Index edged up 1.05 points to 150.02, and the Plantation Index added 20.10 points to 7,249.13. The Energy Index, however, slipped 0.81 of a point to 727.08. — BERNAMA
New Straits Times
5 days ago
- Business
- New Straits Times
Bursa rise at open, tracks Wall Street rally
KUALA LUMPUR: Bursa Malaysia rebounded to open higher on Wednesday, tracking Wall Street's overnight rally as sentiment improved amid easing Middle East tensions, an analyst said. At 9.08 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 0.58 per cent, or 8.84 points, to 1,523.13 from Tuesday's close of 1,514.29. The benchmark index opened 4.38 points firmer at 1,518.67. The broader market was positive, with 232 gainers outpacing 78 decliners. A total of 217 counters were unchanged, 1,916 untraded, and 25 suspended. Turnover stood at 152.14 million shares worth RM102.19 million. Malacca Securities Sdn Bhd stated in a note that Wall Street's rally was fueled by signs of easing geopolitical tensions and dovish signals from the US Federal Reserve, which lifted investor sentiment. "US President Donald Trump's declaration that a ceasefire between Israel and Iran is 'in effect' lifted optimism, despite accusations of immediate violations by both sides. "In view of the ceasefire and Wall Street's relief rally, we believe local market conditions may turn positive," the firm said. Among heavyweights, Maybank gained five sen to RM9.85, Public Bank added two sen to RM4.33, Tenaga Nasional rose four sen to RM14.30, CIMB climbed three sen to RM6.80, and IHH Healthcare was up five sen to RM6.64. Among the most active stocks, NexG rose one sen to 36.5 sen, Magma added half a sen to 48 sen, Green Ocean remained flat at 26 sen, Cuckoo dropped two sen to RM1.06, and Dataprep slipped half-a-sen to 9.5 sen. On the index board, the FBM Emas Index climbed 64.86 points to 11,352.89, the FBMT 100 Index added 66.25 points to 11,138.57, and the FBM Emas Shariah Index advanced 63.89 points to 11,288.04. The FBM 70 Index surged 103.19 points to 16,435.52, while the FBM ACE Index gained 20.48 points to 4,438.19. By sector, the Financial Services Index rose 97.54 points to 17,776.01, the Industrial Products and Services Index edged up 1.05 points to 150.02, and the Plantation Index added 20.10 points to 7,249.13. The Energy Index, however, slipped 0.81 of a point to 727.08.
New Straits Times
7 days ago
- Business
- New Straits Times
FBM KLCI ends morning session higher
KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) ended the morning session higher today, buoyed by renewed buying interest in selected blue chips, despite cautious sentiment amid heightened geopolitical tensions. At 12.30 pm, the benchmark index rose 6.61 points, or 0.44 per cent, to 1,509.35 compared with Friday's close of 1,502.74. The FBM KLCI, which opened 9.55 points lower at 1,493.19, fell as low as 1,488.89 in early trade before climbing to a high of 1,509.77 towards lunch break. However, the broader market was negative with decliners trouncing gainers 730 to 175, while 412 counters were unchanged, 1,115 untraded and 39 suspended. Turnover stood at 2.04 billion units worth RM960.69 million. Malacca Securities Sdn Bhd said the escalating geopolitical tensions in the Middle East may spur buying interest in gold and oil and gas-related counters. "Despite the ongoing tensions, we remain positive on the construction and utility sectors, as the former benefits from public infrastructure developments and data centre investments across the country while the latter is supported by Tenaga Nasional's power grid upgrades," it said. Among the heavyweights, Maybank edged up one sen to RM9.67, Tenaga Nasional gained 12 sen to RM14.34, Public Bank added five sen to RM4.26, CIMB garnered six sen to RM6.71 and IHH Healthcare was flat at RM6.85. As for the most active stocks, PUC, MYEG and Dnonce Technology all remained unchanged at two sen, 90.5 sen and three sen, respectively, while Reservoir Link rose half-a-sen to 37.5 sen. On the index board, the FBM Emas Index notched up 12.62 points to 11,241.61, the FBMT 100 Index increased 18.95 points to 11,034.40, and the FBM Emas Shariah Index improved 2.25 points to 11,203.59. However, the FBM 70 Index shrank 101.68 points to 16,016.07 and the FBM ACE Index fell 42.27 points to 4,358.58. Sector-wise, the Financial Services Index advanced 30.15 points to 17,498.53 and the Energy Index edged up 9.28 points to 744.99, while the Industrial Products and Services Index slid 0.45 of-a-point to 146.82 and the Plantation Index dipped 8.67 points to 7,211.85.
