Latest news with #RM1.04
The Star
a day ago
- Business
- The Star
Bursa Malaysia easier at midday as cautious sentiments abound
KUALA LUMPUR: Bursa Malaysia ended the morning trading session lower on Wednesday, trading below the 1,520 level as investors remain cautious ahead of the looming United States (US) tariff negotiation deadline. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 7.90 points, or 0.52 per cent, to 1,517.50 from Tuesday's close of 1,525.40. The benchmark index opened 1.63 points lower at 1,523.77, and subsequently moved between 1,516.89 and 1,526.29 during the session. The broader market was negative with decliners outnumbering gainers 558 to 289, while 434 counters were unchanged, 1,164 untraded and eight suspended. Turnover stood at 1.98 billion units worth RM1.04 billion. In a research note today, Hong Leong Investment Bank Bhd (HLIB) said the FBM KLCI's near-term sentiment is expected to remain cautious ahead of the Aug 1 deadline for the US-Malaysia tariff negotiation decisions and potential clarity on US export controls on artificial intelligence (AI) chip shipments. "On the domestic front, the upcoming August results season may weigh on sentiment, as looming policy headwinds, including fuel and electricity subsidy rationalisations, port tariff hikes and Sales and Service Tax expansions would dampen consumer demand and cloud earnings visibility,' it said. Among the heavyweights, Maybank fell six sen to RM9.59, Public Bank slipped four sen to RM4.22, CIMB was seven sen lower at RM6.56 and IHH Healthcare erased three sen to RM6.55, while Tenaga Nasional was flat at RM13.90. As for the most active stocks, NexG gained one sen to 48.5 sen, Zetrix AI added 1.5 sen to 94.5 sen and Tanco reduced half-a-sen to 90 sen, while Green Ocean Corporation and TWL were flat at 12.5 sen and 2.5 sen, respectively. On the index board, the FBM Emas Index reduced 56.50 points to 11,419.58, the FBMT 100 Index edged down 56.57 points to 11,181.04, and the FBM Emas Shariah Index trimmed 28.82 points to 11,454.36. The FBM 70 Index declined 76.82 points to 16,611.58, while the FBM ACE Index went up 9.42 points to 4,597.04. Sector-wise, the Financial Services Index sank 168.82 points to 17,333.83, the Industrial Products and Services Index eased 0.46 of a point to 152.93, the Energy Index ticked down 0.79 of a point to 738.13, and the Plantation Index narrowed 23.24 points to 7,395.18. - Bernama
New Straits Times
a day ago
- Business
- New Straits Times
Bursa Malaysia easier at midday as cautious sentiments abound
KUALA LUMPUR: Bursa Malaysia ended the morning trading session lower on Wednesday, trading below the 1,520 level as investors remain cautious ahead of the looming United States (US) tariff negotiation deadline. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 7.90 points, or 0.52 per cent, to 1,517.50 from Tuesday's close of 1,525.40. The benchmark index opened 1.63 points lower at 1,523.77, and subsequently moved between 1,516.89 and 1,526.29 during the session. The broader market was negative with decliners outnumbering gainers 558 to 289, while 434 counters were unchanged, 1,164 untraded and eight suspended. Turnover stood at 1.98 billion units worth RM1.04 billion.
Barnama
2 days ago
- Business
- Barnama
Bursa Malaysia Lower At Midday As Investors Assess US Tariff Impact
WORLD KUALA LUMPUR, July 15 (Bernama) -- Bursa Malaysia continued its negative tone at midday as investors assessed the impact of United States (US) tariffs on key trading partners amid mixed regional market performance. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 4.25 points, or 0.28 per cent, to 1,533.26 from Monday's close of 1,537.51. The benchmark index opened 1.45 points lower at 1,536.06, and subsequently moved between 1,532.41 and 1,538.56 during the session. The broader market was negative with decliners outnumbering gainers 464 to 367, while 477 counters were unchanged, 1,121 untraded and eight suspended. Turnover stood at 1.86 billion units worth RM1.04 billion. In a research note today, Hong Leong Investment Bank Bhd (HLIB) anticipates the FBM KLCI to remain in consolidation phase as investors weigh the broader implications of the United States' (US) renewed tariff rhetoric, targeting key trading partners. It said the benchmark index was further pressured by a confluence of external and domestic overhangs, namely uncertainty surrounding the US-Malaysia tariff negotiations, with a potentially prolonged process to reduce the 25 per cent import duties ahead of the Aug 1 deadline 'Therefore, we see the FBM KLCI weekly supports and resistances at 1,500-1,528 and 1,551-1,570, respectively,' it said. Meanwhile, Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng believes that the local market velocity should improve going forward, though the impact from the overnight policy rate (OPR) cut will not be immediately felt.
New Straits Times
2 days ago
- Business
- New Straits Times
Bursa Malaysia lower at midday as investors assess US tariff impact
KUALA LUMPUR: Bursa Malaysia continued its negative tone at midday as investors assessed the impact of United States (US) tariffs on key trading partners amid mixed regional market performance. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 4.25 points, or 0.28 per cent, to 1,533.26 from Monday's close of 1,537.51. The benchmark index opened 1.45 points lower at 1,536.06, and subsequently moved between 1,532.41 and 1,538.56 during the session. The broader market was negative, with decliners outnumbering gainers 464 to 367, while 477 counters were unchanged, 1,121 untraded and eight suspended. Turnover stood at 1.86 billion units worth RM1.04 billion.
BusinessToday
10-07-2025
- Business
- BusinessToday
Natural Rubber Production Rebounds In May But Stocks Decline
Malaysia's natural rubber production saw a significant increase of 24.9% in May 2025, reaching 22,494 tonnes, up from 18,008 tonnes in April 2025. This surge, primarily driven by the smallholders' sector, indicates a month-on-month recovery, according to the Department of Statistics Malaysia (DOSM). Despite the monthly increase, a year-on-year comparison reveals a 12.2% decrease in production compared to May 2024, when 25,608 tonnes were produced. The smallholders' sector continues to be the dominant contributor, accounting for 85.4% of total NR production in May 2025, while the estates sector contributed 14.6%. Stocks Decline, Exports Hold Steady DOSM notes that the total natural rubber stocks in May 2025 registered a decrease of 11.4%, falling to 180,569 tonnes from 203,708 tonnes in April 2025. Rubber processors' factories held the largest share of these stocks at 86.1%, followed by rubber consumers' factories (13.7%) and rubber estates (0.2%). Malaysia's natural rubber exports remained largely stable, amounting to 35,939 tonnes in May 2025, a marginal increase of 0.1% from 35,901 tonnes in April 2025. P.R. China maintained its position as the primary destination for Malaysian NR exports, receiving 31.7% of the total, followed by Germany (15.8%), the United Arab Emirates (14.0%), the United States of America (8.1%), and India (6.6%). The robust performance of NR-based products, including gloves, tyres, tubes, and rubber thread, contributed significantly to the export figures. Notably, gloves remained the leading export among rubber-based products, with a value of RM1.04 billion in May 2025, although this marked a 3.5% decrease compared to RM1.07 billion in April 2025. Prices See a Decline An analysis of average monthly prices showed a downward trend for natural rubber. Concentrated Latex experienced a 5.2% decrease, settling at 613.80 sen per kg in May 2025 from 647.20 sen per kg in April 2025. Similarly, Scrap rubber prices fell by 5.4% to 606.67 sen per kg in May 2025 from 641.27 sen per kg in April 2025. The prices for all grades of Standard Malaysian Rubber (S.M.R) also recorded declines ranging between 3.2% and 5.1%. Related
