Latest news with #FBMT100Index
The Star
13 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
17 hours 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.
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.
The Star
22-06-2025
- Business
- The Star
Bursa Malaysia to remain cautious, CI to trade within the 1,500-1,500 range beginning from Monday (June 23)
KUALA LUMPUR (Bernama): Bursa Malaysia is expected to remain cautious from this Monday (June 23), tracking Wall Street's performance as markets digest signals from the United States (US) Federal Open Market Committee (FOMC), said an analyst. UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research Mohd Sedek Jantan noted that the US Federal Reserve's (Fed) projections, characterised by slower growth, elevated inflation, and a higher unemployment trajectory for 2025-2027-suggest a stagflationary undertone, which could weigh on risk sentiment. "Growth-sensitive sectors may face headwinds as the policy outlook remains uncertain. The split in the FOMC's dot plot, with members divided between no interest rates cuts and two cuts by year-end, implies limited near-term easing and reduces the likelihood of a July cut,' he told Bernama. Mohd Sedek also pointed out that the benchmark index is hovering near the psychological threshold of 1,500 points, adding that a breach of this level could trigger opportunistic buying by institutional investors, especially as the index nears its immediate support at 1,490 points. "While the FOMC's guidance has introduced caution, markets may find support at lower levels, where valuations become more compelling. Geopolitical-driven volatility is often short-lived, and we expect a moderation in risk sentiment as these concerns subside,' he said. Meanwhile, Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng market focus next week will shift to several key economic indicators, including the US quarterly gross domestic product and jobless claims. "The FBM KLCI is currently priced at about 12 times the calendar year 2025 price-to-earnings ratio, notably below its long-term average of over 16 times, indicating potential for further appreciation. "The subdued valuation may attract bargain hunters. For the week ahead, we expect the index to trade within the 1,500-1,530 points range,' Thong added. For the week just ended, Bursa Malaysia was mostly subdued as investors stayed on the sidelines due to ongoing concerns over the Middle East conflict and the anticipated implementation of reciprocal tariffs by US President Donald Trump. On a Friday-to-Friday basis, the barometer index dropped 15.37 points to 1,502.74 from 1,518.11 a week earlier. The FBM Emas Index fell 141.109 points to 11,228.99, the FBMT 100 Index was down 128.59 points to 11,015.45, and the FBM Emas Shariah Index declined 128.19 points to 11,201.34. The FBM 70 Index decreased 250.96 points to 16,117.75 and the FBM ACE Index shrank 86.34 points to 4,400.85. Across sectors, the Industrial Products and Services Index eased by 4.08 points to 147.27 and the Energy Index was 5.05 points lower at 735.71. The Plantation Index slid 0.40 of-a-point to 7,220.52, the Healthcare Index dipped 85.83 points to 1,691.89, and the Financial Services Index tumbled 179.87 points to 17,468.38. Turnover dropped to 13.72 billion units worth RM10.84 billion from 13.89 billion units valued at RM10.61 billion in the preceding week. The Main Market volume fell to 6.29 billion units valued at RM9.63 billion against 6.42 billion units worth RM9.47 billion previously. Warrants turnover expanded to 6.16 billion units worth RM845.61 million versus 5.97 billion units valued at RM687.92 million a week ago. The ACE Market volume slipped to 1.25 billion units valued at RM361.21 million compared with 1.50 billion units worth RM458.75 million in the preceding week. - Bernama
New Straits Times
22-06-2025
- Business
- New Straits Times
Bursa Malaysia to remain cautious, CI to trade within 1,500-1,530 range
KUALA LUMPUR: Bursa Malaysia is expected to remain cautious next week, tracking Wall Street's performance as markets digest signals from the United States (US) Federal Open Market Committee (FOMC), said an analyst. UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research Mohd Sedek Jantan noted that the US Federal Reserve's (Fed) projections, characterised by slower growth, elevated inflation, and a higher unemployment trajectory for 2025–2027—suggest a stagflationary undertone, which could weigh on risk sentiment. "Growth-sensitive sectors may face headwinds as the policy outlook remains uncertain. The split in the FOMC's dot plot, with members divided between no interest rates cuts and two cuts by year-end, implies limited near-term easing and reduces the likelihood of a July cut," he told Bernama. Mohd Sedek also pointed out that the benchmark index is hovering near the psychological threshold of 1,500 points, adding that a breach of this level could trigger opportunistic buying by institutional investors, especially as the index nears its immediate support at 1,490 points. "While the FOMC's guidance has introduced caution, markets may find support at lower levels, where valuations become more compelling. Geopolitical-driven volatility is often short-lived, and we expect a moderation in risk sentiment as these concerns subside," he said. Meanwhile, Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng market focus next week will shift to several key economic indicators, including the US quarterly gross domestic product and jobless claims. "The FBM KLCI is currently priced at about 12 times the calendar year 2025 price-to-earnings ratio, notably below its long-term average of over 16 times, indicating potential for further appreciation. "The subdued valuation may attract bargain hunters. For the week ahead, we expect the index to trade within the 1,500–1,530 points range," Thong added. For the week just ended, Bursa Malaysia was mostly subdued as investors stayed on the sidelines due to ongoing concerns over the Middle East conflict and the anticipated implementation of reciprocal tariffs by US President Donald Trump. On a Friday-to-Friday basis, the barometer index dropped 15.37 points to 1,502.74 from 1,518.11 a week earlier. The FBM Emas Index fell 141.109 points to 11,228.99, the FBMT 100 Index was down 128.59 points to 11,015.45, and the FBM Emas Shariah Index declined 128.19 points to 11,201.34. The FBM 70 Index decreased 250.96 points to 16,117.75 and the FBM ACE Index shrank 86.34 points to 4,400.85. Across sectors, the Industrial Products and Services Index eased by 4.08 points to 147.27 and the Energy Index was 5.05 points lower at 735.71. The Plantation Index slid 0.40 of-a-point to 7,220.52, the Healthcare Index dipped 85.83 points to 1,691.89, and the Financial Services Index tumbled 179.87 points to 17,468.38. Turnover dropped to 13.72 billion units worth RM10.84 billion from 13.89 billion units valued at RM10.61 billion in the preceding week. The Main Market volume fell to 6.29 billion units valued at RM9.63 billion against 6.42 billion units worth RM9.47 billion previously. Warrants turnover expanded to 6.16 billion units worth RM845.61 million versus 5.97 billion units valued at RM687.92 million a week ago. The ACE Market volume slipped to 1.25 billion units valued at RM361.21 million compared with 1.50 billion units worth RM458.75 million in the preceding week.
