Latest news with #MalaysiaKLCI
The Star
26-06-2025
- Business
- The Star
Bursa Malaysia ends firmer on improved sentiment
KUALA LUMPUR: Bursa Malaysia ended the shortened trading week on a positive note with the key index rising 0.55 per cent on continued bargain hunting amid improved market sentiment, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 8.37 points to close at its intraday high of 1,528.16 from Wednesday's close of 1,519.79. The FBM KLCI, which opened 0.45 of-a-point higher at its intraday low of 1,520.24, trended upward throughout the morning session and gained further during the late trading hours. The broader market was positive with 509 gainers outnumbering 409 decliners, while 492 counters were unchanged, 1,028 untraded and 102 suspended. Turnover narrowed to 2.90 billion units worth RM2.23 billion against 3.15 billion units worth RM2.27 billion on Wednesday. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said key regional markets ended mixed, as investors weighed hopes for lasting peace in the Middle East against concerns over the approaching US tariff deadline. Back home, he said the benchmark index is showing encouraging signs as it begins to catch up with its regional peers after a period of underperformance. "Renewed buying interest and improved sentiment are helping to narrow the gap, signalling a potential shift toward a more constructive outlook for the local market. "This catch-up rally reflects growing investor confidence and suggests that the index may continue to gain momentum in the near term," he told Bernama. Among the heavyweights, Maybank, Tenaga Nasional, and IHH Healthcare rose two sen each to RM9.81, RM14.26 and RM6.72 respectively, Public Bank put on four sen to RM4.34, and CIMB advanced three sen to RM6.80. As for the most active stocks, Tanco was flat at 93 sen, Reservoir Link was down two sen to 20.5 sen, Green Ocean trimmed 2.5 sen to nine sen, SNS Network fell 1.5 sen to 54.4 sen, while YTL Corp rose 13 sen to RM2.27, and YTL Power soared 20 sen to RM3.90. On the index board, the FBM Emas Index climbed 52.24 points to 11,398.80, the FBMT 100 Index garnered 52.96 points to 11,181.36, and the FBM Emas Shariah Index rose 39.35 points to 11,341.13. The FBM 70 Index increased 40.56 points to 16,270.66 and the FBM ACE Index ticked up 15.79 points to 4,474.76. By sector, the Financial Services Index gained 74.10 points to 17,737.10, the Industrial Products and Services Index edged up 1.77 points to 151.98, the Plantation Index surged 98.83 points to 7,329.02, and the Energy Index added 4.57 points to 732.68. The Main Market volume decreased to 1.30 billion units worth RM1.95 billion against 1.34 billion units valued RM1.96 billion on Wednesday. Warrants turnover declined to 1.26 billion units valued at RM169.56 million from 1.48 billion units worth RM193.88 million previously. The ACE Market volume expanded to 334.31 million units valued at RM106.81 million versus 332.13 million units valued at RM111.47 million yesterday. Consumer products and services counters accounted for 257.09 million shares traded on the Main Market, industrial products and services (224.37 million), construction (68.65 million), technology (159.00 million), SPAC (nil), financial services (67.12 million), property (147.73 million), plantation (18.69 million), REITs (21.77 million), closed end fund (4,000), energy (138.74 million), healthcare (58.45 million), telecommunications and media (46.02 million), transportation and logistics (18.96 million), utilities (76.56 million), and business trusts (60,600). Meanwhile, Bursa Malaysia and its subsidiaries will be closed tomorrow, June 27, in conjunction with Awal Muharram public holiday, and will resume operations on Monday, June 30, 2025. - Bernama
New Straits Times
25-06-2025
- Business
- New Straits Times
Bursa Malaysia ends firmer after clearer US policy, easing geopolitical concerns
KUALA LUMPUR: Bursa Malaysia closed higher, lifted by renewed optimism driven by clearer US monetary policy signals, easing geopolitical concerns and selective foreign fund inflows. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) closed 0.36 per cent or 5.5 points higher at 1,519.79 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 gainers outpacing losers 577 to 389, while 580 counters were unchanged, 972 untraded and 41 suspended. Turnover stood at 3.1 billion units worth RM2.27 billion compared with Tuesday's 2.53 billion units valued at RM2.04 billion. UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said the FBM KLCI extended yesterday's gains and putting the index on course for a strong weekly performance. Although the index dipped slightly after the lunch break, he said it remained in positive territory, marking one of the more constructive trading sessions over the past fortnight, with renewed optimism lifting both sentiment and sectoral breadth. "Importantly, trading volume today rose to 3.15 billion shares, signalling a return of broader market participation. "This level of activity, combined with sectoral breadth, suggests improving investor engagement following weeks of cautious trading," he added. Sedek said the clarity from US Federal Reserve is the key driver behind today's positive market response after its chair Jerome Powell confirmed that interest rate cuts are effectively off the table until at least September. "With a clearer outlook for monetary easing later in the year, sentiment has improved across equities generally and particularly in sectors sensitive to borrowing costs and long-duration valuations. "The FBM KLCI's strength today reflects this repricing, with both blue-chip counters and broader sectoral indices responding favourably," he added. Sedek said today's rebound reflects a confluence of supportive factors, namely clearer Fed communication, easing geopolitical tensions, renewed foreign inflows, broad-based sector participation and a notable pickup in trading activity, with volume reaching 3.15 billion shares. "While we maintain a cautiously constructive outlook, we continue to expect volatility to remain a defining feature of the market in the months ahead," he said.
Barnama
27-05-2025
- Business
- Barnama
Bursa Malaysia Opens Easier On Lack Of Market-Moving News
At 9.15 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 1.59 points to 1,532.71 from Monday's close of 1,534.30. KUALA LUMPUR, May 27 (Bernama) -- Bursa Malaysia traded easier during early morning trade, dampened by a lack of market-moving news as traders awaited more clarity from the Trump administration on tariffs, analysts said. In the broader market, gainers led decliners 171 to 146, with 257 counters unchanged, 1,821 untraded and 17 suspended. It noted that Wall Street was closed on Monday in conjunction with Memorial Day, but the US equity futures advanced as investors reacted positively to President Trump's tariff deadline extension on the European Union. 'Besides, given rising geopolitical tension, and amid uncertainty surrounding the Trump administration's stance on tariff, we expect the market to adopt a defensive stance, and the momentum in real estate investment trusts may persist,' it said. Malacca Securities Sdn Bhd in a note today said the market may face further weakness amid continued foreign fund outflows. Meanwhile, Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said traders were also concerned that a prolonged price war amongst the electric vehicles players to clear inventory will see extended margin compression. Back home, the FBM KLCI closed marginally lower on Monday as foreign selling is suspected to remain prevalent. 'These short term trades by foreign funds would certainly lengthen the consolidation of the benchmark index. For today, we expect the index to trend between the 1,535-1545 range,' he told Bernama. Among heavyweight stocks, Maybank fell four sen to RM9.88, while Public Bank dropped three sen to RM4.38, Tenaga and IHH Healthcare slid two sen each to RM13.98 and RM6.89 respectively, and CIMB shed one sen to RM6.95. Among active stocks, NexG bagged one sen to 37.5 sen, MYEG gained 1.5 sen to 91 sen, OCR Group and Velesto were flat at RM3.5 sen and 17 sen respectively, while Armada eased one sen to 47.5 sen. On the index board, the FBM Emas Index lost 5.55 points to 11,450.14, the FBMT 100 Index fell 6.59 points to 11,212.12, and the FBM ACE Index was down 8.20 points to 4,589.87. The FBM Emas Shariah Index increased 0.14 of a point to 11,390.13, and the FBM 70 Index added 10.58 points to 16,313.94. Across the sectors, the Financial Services Index was 23.92 points higher at 18,147.16, the Industrial Products and Services Index inched down 0.02 of a point to 153.72, the Energy Index eased 1.34 points to 704.57, and the Plantation Index inched up 0.65 of a point to 7,336.02. -- BERNAMA BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies. Follow us on social media : Facebook : @bernamaofficial, @bernamatv, @bernamaradio Twitter : @ @BernamaTV, @bernamaradio Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial TikTok : @bernamaofficial
Barnama
20-05-2025
- Business
- Barnama
Bursa Malaysia Kicks Off Higher, Mirrors Wall Street Gains
KUALA LUMPUR, May 20 (Bernama) -- Bursa Malaysia opened slightly higher on Tuesday, rebounding from yesterday's decline as investors tracked an overnight rally on Wall Street. At 9.07 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 2.09 points, or 0.13 per cent, to 1,558.23 from Monday's close of 1,556.14. The benchmark index had opened 0.78 of-a-point higher at 1,556.92. Market breadth was positive, with 256 gainers outpacing 101 decliners. A total of 202 counters were unchanged, 1,850 untraded, and 17 suspended. Turnover stood at 123.18 million shares valued at RM58.98 million. Hong Leong Investment Bank (HLIB), in a note, said it expects the FBM KLCI to trend sideways during the ongoing corporate results season, amid a tariff-driven global economic slowdown that could weigh on domestic activity and earnings. 'This cautious outlook will likely persist until a permanent and mutually beneficial trade deal is reached between the United States and key trading partners, including Malaysia,' the investment bank said. HLIB added that lingering policy uncertainty from the Trump administration and unclear signals on the Federal Reserve's rate path would continue to pressure market sentiment and business confidence. Among heavyweights, CIMB and Petronas Gas added 2.0 sen each to RM7.12 and RM17.60, respectively. Public Bank and Press Metal were unchanged at RM4.49 and RM4.96, while Maybank, Tenaga Nasional and IHH Healthcare slipped 2.0 sen each to RM10.12, RM14.08 and RM6.97.
New Straits Times
13-05-2025
- Business
- New Straits Times
Bursa Malaysia set to extend gains amid positive regional sentiment
KUALA LUMPUR: Bursa Malaysia is poised to maintain its upward momentum this week, buoyed by positive regional market trends and improving investor sentiment. The FTSE Bursa Malaysia KLCI (FBM KLCI) recently closed higher, aligning with gains in regional markets, indicating a favourable outlook. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said news over trade deals between the US and China have sparked optimism among investors in hopes that the tariff shocks will be more manageable. "Perhaps it could be the benchmark for the ongoing negotiations with several countries, including Malaysia. "I suppose traders and investors will reassess their risk appetite as sentiments have been weak since Liberation Day on April 2," he told Business Times. On Monday, global equity markets rallied after Chinese and US officials held "substantial" trade talks and slashed their tariffs for 90 days. This move has fuelled hopes the two sides will cool down from the standoff that has rattled global markets. US President Donald Trump imposed a 145 per cent tariff on China, which the latter retaliated with a rate of 125 per cent. Afzanizam added Malaysia's stock market has also seen foreign interest earlier this month, which is likely to be sustained this week. "Already, we have seen foreign investors have been recording net purchases in early May and it would continue to do so this week," he said. Earlier this month, Bursa Malaysia saw continued inflows of foreign funds to the tune of RM853.8 million registered in the week ended May 2. According to MIDF Research, this interest from foreign funds marked the first consecutive weeks of net foreign inflow since September 2024.
