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Focus Malaysia
21 hours ago
- Business
- Focus Malaysia
Bursa Malaysia declines for second day on weak sentiment
BURSA Malaysia closed 0.34% lower on Tuesday, marking its second straight day of decline, as the lack of buying support and absence of strong cues from key regional indices continued to weigh on sentiment. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) erased 5.19 points to 1,519.40 from yesterday's close of 1,524.59. The benchmark index opened 1.70 points higher at 1,526.29 at the opening bell and moved between 1,518.75 and 1,527.90 throughout the trading session. The market breadth was negative, with 591 losers overtaking 412 gainers and 472 counters unchanged, while 1,004 were untraded and seven suspended. Turnover fell to 2.82 billion shares worth RM2.05 bil from 3.5 billion shares worth RM2.68 bil on Monday. – July 22, 2025
Barnama
a day ago
- Business
- Barnama
Bursa Malaysia Declines For Second Day On Weak Sentiment
By Harizah Hanim Mohamed KUALA LUMPUR, July 22 (Bernama) -- Bursa Malaysia closed 0.34 per cent lower on Tuesday, marking its second straight day of decline, as the lack of buying support and absence of strong cues from key regional indices continued to weigh on sentiment. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) erased 5.19 points to 1,519.40 from yesterday's close of 1,524.59. The benchmark index opened 1.70 points higher at 1,526.29 at the opening bell and moved between 1,518.75 and 1,527.90 throughout the trading session. The market breadth was negative, with 591 losers overtaking 412 gainers and 472 counters unchanged, while 1,004 were untraded and seven suspended. Turnover fell to 2.82 billion shares worth RM2.05 billion from 3.5 billion shares worth RM2.68 billion on Monday. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the FBM KLCI trended lower due to the lack of buying support as most key regional indices ended in negative territory amid cautious trading ahead of the Aug 1 deadline for potential US trade tariffs. 'Investors are wary of various external factors given the increasing regional market volatility and uncertainties on global economic prospects. 'We reckon the short-term outlook to remain jittery although bargain hunting may prevail, hence, we expect the FBM KLCI to trend range-bound hovering within 1,510-1,540 for the remainder of the week with immediate support at 1,510 and resistance at 1,530,' he told Bernama.
The Star
02-07-2025
- Business
- The Star
RON97, diesel prices down three sen in Peninsular Malaysia
KUALA LUMPUR: The retail prices of RON97 petrol and diesel in Peninsular Malaysia have been reduced by three sen, now set at RM3.18 and RM2.85 per litre respectively, for July 3 to 9. In a statement on Wednesday (July 2), the Finance Ministry said the retail price of RON95 remains unchanged at RM2.05 per litre, while the price of diesel in Sabah, Sarawak, and Labuan remains at RM2.15 per litre. The Finance Ministry said the price adjustments are based on the weekly retail pricing of petroleum products, using the Automatic Pricing Mechanism formula. "The government continues to monitor market trends and adjust the retail prices of RON97 and diesel in line with global oil price movements, while supporting price stability," the statement read. The Finance Ministry added that the government will also take appropriate measures to safeguard the welfare and well-being of the people. - Bernama
The Star
20-06-2025
- Business
- The Star
RON95 price will not be raised, assures Anwar
ISKANDAR PUTERI: The price of RON95 petrol will not be raised, even if there is a sharp increase in global crude oil prices due to geopolitical tensions involving Iran and Israel, assures the Prime Minister. Datuk Seri Anwar Ibrahim said that although the price increase benefits the national petroleum company, the government aims to avoid burdening the people with higher fuel costs. Any future adjustments will be made carefully, taking into account the needs and financial capacity of the people, he told a press conference after a closed-door meeting with Johor PKR leaders and members. The price of RON95 for June 19-25 remains RM2.05 per litre. Anwar said the recent increase in global oil prices is due to sudden changes in the international market, despite prices previously remaining at relatively low levels. He said fluctuations in oil prices are a common occurrence, but the latest spike was particularly abrupt, triggered by the recent Israeli military assault on Iran. 'Oil prices go up and down. The increase this time has been quite sharp. 'This hike is partly due to increased demand and contributes to national revenue. However, we are not raising domestic fuel prices,' he said. The Prime Minister also said that a detailed explanation will be provided regarding the implementation of the review and expansion of the Sales and Service Tax (SST) scope which will take effect on July 1. He said the government acknowledged there has been confusion regarding the implementation, but gave assurance that the government's initiatives will not burden the lower-income group or the M40. 'We will give an explanation. Sometimes, general statements, such as saying bananas will be subjected to SST, cause confusion. Actually, it refers to imported bananas. 'But I agree we need to clarify this because what is important is that we do not want to burden the lower-income group or the M40,' he said.
New Straits Times
04-06-2025
- Business
- New Straits Times
Ron 97, diesel prices in Peninsular Malaysia down by 3 sen
KUALA LUMPUR: The retail price of RON97 petrol in Peninsular Malaysia will be reduced by three sen to RM3.07 per litre from June 5 to 11, 2025, in line with the drop in global oil market prices, according to the Finance Ministry (MOF). In a statement today, the Finance Ministry also announced that the retail price of diesel in Peninsular Malaysia will similarly be reduced by three sen to RM2.74 per litre for the same period, while the price of RON95 petrol remains unchanged at RM2.05 per litre. "The retail price of diesel in Sabah, Sarawak and Labuan will also remain at RM2.15 per litre," said the ministry. The weekly pricing of petroleum products is determined using the Automatic Pricing Mechanism (APM) formula, taking into account current global crude oil market trends. The statement also noted that the government will continue to take appropriate measures to ensure the welfare and well-being of the people are safeguarded. — BERNAMA
