Latest news with #MalaccaSecuritiesSdnBhd
New Straits Times
a day ago
- Business
- New Straits Times
Bursa lower at midday on tariff concerns
KUALA LUMPUR: Bursa Malaysia ended the morning session 0.36 per cent lower, tracking mixed global markets, as investor sentiment turned cautious amid renewed trade tensions sparked by the United States' proposal to impose tariffs of 15 to 20 per cent on European Union imports. At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 5.56 points to 1,519.03 from Monday's close of 1,524.59. The benchmark index opened 1.70 points higher at 1,526.29 and moved between 1,518.75 and 1,527.90 throughout the session. Market breadth remained negative, with decliners outpacing gainers 524 to 276. A total of 458 counters were unchanged, 1,221 untraded and seven suspended. Turnover stood at 1.81 billion shares valued at RM982.47 million. Across the region, Hong Kong's Hang Seng Index eased 0.07 per cent to 24,975.46, Singapore's Straits Times Index declined 0.21 per cent to 4,198.13, South Korea's Kospi dropped 1.63 per cent to 3,158.58, and Japan's Nikkei 225 retreated 0.53 per cent to 39,608.87. In a research note, Malacca Securities Sdn Bhd noted that despite ongoing investigations into Sunway Construction and Sunway Bhd over a data centre project, the counters remained supported by strong fundamentals, a robust order book with earnings visibility of up to three years, and the continued expansion of Malaysia's data centre industry. "Investors may also consider Sarawak-based construction players such as CMSB and Ibraco, which are expected to benefit from the state's infrastructure development," it said. It added that the government's delay in implementing targeted RON95 fuel subsidies is likely to favour consumer-related stocks, with Mr DIY and 99 SpeedMart as its top picks. Among the heavyweights, Maybank slipped one sen to RM9.51, Public Bank declined three sen to RM4.27, Tenaga Nasional eased two sen to RM13.76, IHH Healthcare lost four sen to RM6.59, while CIMB Group added four sen to RM6.56. As for the actives, Zetrix shed half-a-sen to 93 sen, NexG gained half-a-sen to 51 sen, Tanco rose one sen to 91.5 sen, Pharmaniaga was flat at 22 sen, while Icents and CPE Technology climbed 3.5 sen each to 41 sen and 31 sen, respectively. On the index board, the FBM Emas Index dropped 43.39 points to 11,418.54, the FBMT 100 Index lost 43.46 points to 11,181.36, and the FBM Emas Shariah Index declined 50.49 points to 11,459.22. The FBM 70 Index retreated 75.60 points to 16,564.28, while the FBM ACE Index eased 29.95 points to 4,607.73. By sector, the Financial Services Index fell 34.60 points to 17,285.80, the Energy Index slipped 1.73 points to 737.77, the Plantation Index declined 13.91 points to 7,407.13, and the Industrial Products and Services Index shed 1.34 points to 154.30.
The Star
a day ago
- Business
- The Star
Bursa lower at midday, CI down 0.26% on tariff concerns
KUALA LUMPUR: Bursa Malaysia ended the morning session 0.36 per cent lower, tracking mixed global markets, as investor sentiment turned cautious amid renewed trade tensions sparked by the United States' proposal to impose tariffs of 15 to 20 per cent on European Union imports. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 5.56 points to 1,519.03 from Monday's close of 1,524.59. The benchmark index opened 1.70 points higher at 1,526.29 and moved between 1,518.75 and 1,527.90 throughout the session. Market breadth remained negative, with decliners outpacing gainers 524 to 276. A total of 458 counters were unchanged, 1,221 untraded and seven suspended. Turnover stood at 1.81 billion shares valued at RM982.47 million. Across the region, Hong Kong's Hang Seng Index eased 0.07 per cent to 24,975.46, Singapore's Straits Times Index declined 0.21 per cent to 4,198.13, South Korea's Kospi dropped 1.63 per cent to 3,158.58, and Japan's Nikkei 225 retreated 0.53 per cent to 39,608.87. In a research note, Malacca Securities Sdn Bhd noted that despite ongoing investigations into Sunway Construction and Sunway Bhd over a data centre project, the counters remained supported by strong fundamentals, a robust order book with earnings visibility of up to three years, and the continued expansion of Malaysia's data centre industry. "Investors may also consider Sarawak-based construction players such as CMSB and Ibraco, which are expected to benefit from the state's infrastructure development,' it said. It added that the government's delay in implementing targeted RON95 fuel subsidies is likely to favour consumer-related stocks, with Mr DIY and 99 SpeedMart as its top picks. Among the heavyweights, Maybank slipped one sen to RM9.51, Public Bank declined three sen to RM4.27, Tenaga Nasional eased two sen to RM13.76, IHH Healthcare lost four sen to RM6.59, while CIMB Group added four sen to RM6.56. As for the actives, Zetrix shed half-a-sen to 93 sen, NexG gained half-a-sen to 51 sen, Tanco rose one sen to 91.5 sen, Pharmaniaga was flat at 22 sen, while Icents and CPE Technology climbed 3.5 sen each to 41 sen and 31 sen, respectively. On the index board, the FBM Emas Index dropped 43.39 points to 11,418.54, the FBMT 100 Index lost 43.46 points to 11,181.36, and the FBM Emas Shariah Index declined 50.49 points to 11,459.22. The FBM 70 Index retreated 75.60 points to 16,564.28, while the FBM ACE Index eased 29.95 points to 4,607.73. By sector, the Financial Services Index fell 34.60 points to 17,285.80, the Energy Index slipped 1.73 points to 737.77, the Plantation Index declined 13.91 points to 7,407.13, and the Industrial Products and Services Index shed 1.34 points to 154.30. - Bernama
New Straits Times
7 days ago
- Business
- New Straits Times
Bursa Malaysia rebounds, takes lead from Wall Street
KUALA LUMPUR: Bursa Malaysia rebounded from two consecutive days of losses to open higher on Thursday, with buying interest emerging, tracking the lead from Wall Street's overnight performance. At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 4.99 points, or 0.33 per cent, to 1,516.49 from Wednesday's close of 1,511.50. The benchmark index opened 0.39 points higher at 1,511.89. The broader market was positive, with gainers outnumbering decliners 180 to 107, while 218 counters were unchanged, 1,952 untraded, and eight suspended. Turnover stood at 176.48 million shares worth RM91.94 million. Malacca Securities Sdn Bhd said overnight Wall Street session saw a gradual recovery of buying interest, shrugging off hotter-than-anticipated inflation numbers and uncertain trade policies following the recent announcement that United States Federal Reserve chair Jerome Powell has been fired. "We also favour selected technology stocks, following the positive developments in global chip export policies. "For a more defensive approach and in light of Bank Negara Malaysia's recent overnight policy rate cut, we continue to favour real estate investment trusts (REITs), as their dividend yields offer an attractive premium against government bonds," it said in a note today. Among the heavyweight counters, Maybank gained four sen to RM9.57, Public Bank went up one sen to RM4.24, and Tenaga Nasional added six sen to RM13.74. CIMB and IHH Healthcare were flat at RM6.50 and RM6.52, respectively. In active trade, ACE debutant iCents Group was five sen higher at 29 sen, Nationgate rose three sen to RM1.51, Tan Chong Motors went down two sen to 77 sen, while NexG and TWL both remained unchanged at 48.5 sen and three sen, respectively. On the broader index board, the FBM Emas Index advanced 31.97 points to 11,403.0, the FBMT 100 Index climbed 32.39 points to 11,165.04, and the FBM Emas Shariah Index appreciated 34.50 points to 11,438.45. The FBM 70 Index inched up 29.23 points to 16,550.62, while the FBM ACE Index inched down 0.26 of a point to 4,581.82. By sector, the Financial Services Index increased 40.87 points to 17,284.63, the Energy Index edged down 1.31 points to 734.36, and the Plantation Index eased 0.54 of a point to 7,406.25. The Industrial Products and Services Index grew 0.34 of a point to 152.97.
The Sun
16-07-2025
- Business
- The Sun
Bursa Malaysia flat in early trade after downbeat Wall St performance
KUALA LUMPUR: Bursa Malaysia made a flat start on Wednesday, following the downbeat performance on Wall Street overnight. At 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) inched down 0.29 of a point, or 0.02 per cent, to 1,525.11 from Tuesday's close of 1,525.40. The benchmark index opened 1.63 points lower at 1,523.77. The market breadth was weaker, with decliners outnumbering gainers 178 to 108, while 282 counters were unchanged, 1,877 untraded, and eight suspended. Turnover stood at 165.78 million shares worth RM85.02 million. Malacca Securities Sdn Bhd said Wall Street's initial rally faded as hotter-than-expected inflation data failed to ease tariff concerns and increased bets that the US Federal Reserve will hold interest rates. 'Following Wall Street's downbeat performance, the local bourse could start on a weaker tone. However, we believe the overall situation may favour the technology stocks with the resumption of chip sales in China, and the technology sector on the local front may see decent buying interest,' it said in a note today. The brokerage firm also favours the real estate investment trusts sector on the back of the recent Bank Negara Malaysia overnight policy rate cut, 'while the consumer sector may benefit from downtrading activities as inflationary pressures remain sticky.' Among the heavyweight counters, Maybank fell one sen to RM9.64, Tenaga Nasional lost six sen to RM13.84, and CIMB was three sen lower at RM6.60. Public Bank gained one sen to RM4.27 while IHH Healthcare was flat at RM6.58. In active trade, NexG added half a sen to 48 sen, Nationgate went up by two sen to RM1.51, Green Ocean Corporation inched up one sen to 13.5 sen, Zetrix AI was 1.5 sen higher at 94.5 sen, and TWL remained unchanged at 2.5 sen. On the broader index board, the FBM Emas Index dropped 7.99 points to 11,468.09, the FBMT 100 Index slipped 6.30 points to 11,231.31, and the FBM Emas Shariah Index eased 3.44 points to 11,479.74. The FBM 70 Index narrowed 27.40 points to 16,661.0, while the FBM ACE Index inched down four points to 4,583.62. By sector, the Financial Services Index declined 17.28 points to 17,485.37, the Energy Index edged down 0.93 of a point to 737.99, and the Plantation Index improved 13.63 points to 7,432.05. The Industrial Products and Services Index shaved 0.02 of a point to 153.37. - Bernama
New Straits Times
16-07-2025
- Business
- New Straits Times
Bursa Malaysia flat in early trade after downbeat Wall Street performance
KUALA LUMPUR: Bursa Malaysia made a flat start on Wednesday, following the downbeat performance on Wall Street overnight. At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) inched down 0.29 of a point, or 0.02 per cent, to 1,525.11 from Tuesday's close of 1,525.40. The benchmark index opened 1.63 points lower at 1,523.77. The market breadth was weaker, with decliners outnumbering gainers 178 to 108, while 282 counters were unchanged, 1,877 untraded, and eight suspended. Turnover stood at 165.78 million shares worth RM85.02 million. Malacca Securities Sdn Bhd said Wall Street's initial rally faded as hotter-than-expected inflation data failed to ease tariff concerns and increased bets that the US Federal Reserve will hold interest rates. "Following Wall Street's downbeat performance, the local bourse could start on a weaker tone. However, we believe the overall situation may favour the technology stocks with the resumption of chip sales in China, and the technology sector on the local front may see decent buying interest," it said in a note today. The brokerage firm also favours the real estate investment trusts sector on the back of the recent Bank Negara Malaysia overnight policy rate cut, "while the consumer sector may benefit from downtrading activities as inflationary pressures remain sticky." Among the heavyweight counters, Maybank fell one sen to RM9.64, Tenaga Nasional lost six sen to RM13.84, and CIMB was three sen lower at RM6.60. Public Bank gained one sen to RM4.27 while IHH Healthcare was flat at RM6.58. In active trade, NexG added half a sen to 48 sen, Nationgate went up by two sen to RM1.51, Green Ocean Corporation inched up one sen to 13.5 sen, Zetrix AI was 1.5 sen higher at 94.5 sen, and TWL remained unchanged at 2.5 sen. On the broader index board, the FBM Emas Index dropped 7.99 points to 11,468.09, the FBMT 100 Index slipped 6.30 points to 11,231.31, and the FBM Emas Shariah Index eased 3.44 points to 11,479.74. The FBM 70 Index narrowed 27.40 points to 16,661.0, while the FBM ACE Index inched down four points to 4,583.62. By sector, the Financial Services Index declined 17.28 points to 17,485.37, the Energy Index edged down 0.93 of a point to 737.99, and the Plantation Index improved 13.63 points to 7,432.05. The Industrial Products and Services Index shaved 0.02 of a point to 153.37.
