Latest news with #RM2.23


New Straits Times
30-06-2025
- Business
- New Straits Times
Bursa Malaysia ends higher for third straight session
KUALA LUMPUR: Bursa Malaysia maintain its upward momentum to end higher for the third consecutive session, supported by continued buying in selected industrial products and services as well as healthcare counters, an analyst said. Press Metal and IHH Healthcare were the top two gainers, rising 17 sen and 10 sen to RM5.18 and RM6.82, respectively, contributing a combined 3.90 points to the gains in the benchmark index. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.80 points, or 0.31 per cent, to 1,532.96 from last Thursday's close of 1,528.16. The FBM KLCI, which opened 5.25 points higher at 1,533.41, moved between 1,526.30 and 1,538.10 throughout the trading session. However, the broader market was negative with 531 gainers outnumbering 443 decliners, while 506 counters were unchanged, 959 untraded and 102 suspended. Turnover surged to 3.57 billion units worth RM2.68 billion against 2.90 billion units worth RM2.23 billion on Thursday last week. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said regionally, the markets were mostly higher as investors digest key data releases, including China's June purchasing managers index (PMI) readings and May industrial output from South Korea and Japan. "China's manufacturing sector shrank for a third straight month in June, raising expectations for additional stimulus amid persistent trade tensions with the United States (US)," he told Bernama. Back home, Thong noted that the local market is showing encouraging signs of recovery, marked by weakening bearish momentum, rising trading volume, and gradually improving investor sentiment. "For the moment, we anticipate the FBM KLCI to fluctuate between 1,520 and 1,550 for the week," he said. Among other heavyweights, Maybank lost 11 sen to RM9.70, Public Bank dropped 3.0 sen to RM4.31, Tenaga Nasional gained 12 sen to RM14.38, CIMB fell 1.0 sen to RM6.79, and CelcomDigi rose 3.0 sen to RM3.93. As for the most active stocks, Tanco shed 1.5 sen to 91.5 sen, MYEG and NextG each advanced 1.0 sen to 95 sen and 37 sen, respectively, Gamuda climbed 14 sen to RM4.79, and YTL Corporation put on 5.0 sen to RM2.32.


Focus Malaysia
30-06-2025
- Business
- Focus Malaysia
Bursa Malaysia ends higher for third straight session
BURSA Malaysia maintain its upward momentum to end higher for the third consecutive session, supported by continued buying in selected industrial products and services as well as healthcare counters, an analyst said. Press Metal and IHH Healthcare were the top two gainers, rising 17 sen and 10 sen to RM5.18 and RM6.82, respectively, contributing a combined 3.90 points to the gains in the benchmark index. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.80 points, or 0.31 per cent, to 1,532.96 from last Thursday's close of 1,528.16. The FBM KLCI, which opened 5.25 points higher at 1,533.41, moved between 1,526.30 and 1,538.10 throughout the trading session. However, the broader market was negative with 531 gainers outnumbering 443 decliners, while 506 counters were unchanged, 959 untraded and 102 suspended. Turnover surged to 3.57 billion units worth RM2.68 billion against 2.90 billion units worth RM2.23 billion on Thursday last week.


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


Focus Malaysia
26-06-2025
- Business
- Focus Malaysia
Bursa Malaysia ends firmer on improved sentiment
BURSA Malaysia ended the shortened trading week on a positive note with the key index rising 0.55% on continued bargain hunting amid improved market sentiment, an analyst said. At 5pm, 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 bil against 3.15 billion units worth RM2.27 bil on Wednesday. – June 26, 2025


New Straits Times
13-05-2025
- Business
- New Straits Times
Bursa Malaysia surges higher by midday
KUALA LUMPUR: Bursa Malaysia ended the morning session higher as global markets see a strong risk-on push following bullish US-China trade talks. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) surged by 2.04 per cent or 31.56 points to 1,578.06 from Friday's close of 1,546.50. The benchmark index opened 14.89 points higher at 1,561.39. Market breadth was positive, with 758 gainers outpacing 309 decliners, while 400 counters were unchanged, 916 untraded and eight suspended. Turnover stood at 2.62 billion shares worth RM2.23 billion. ActivTrades trader Anderson Alves said the US and China have agreed to a sweeping 115-percentage-point reduction in tariffs. "Positive flows rotating into risk assets, cyclicals and technology sectors could lead to gains in Asia following strong performances on Wall Street," he said in a note to Bernama. He said attention now turns to today's US Consumer Price Index (CPI) release. While inflation data typically holds significant influence over markets, it is worth noting that the recent recalibration in US Federal Reserve rate-cut expectations leaves little room for further hawkish repricing. "Even a hot CPI print may not push short-term rates much higher. It could stoke stagflation concerns, potentially weighing on rates in the near term while supporting the US dollar. "While that could hold the buying momentum, the sentiment remains positive around US-China talks," he added. Among the heavyweights, Maybank rose 31 sen to RM10.20, Public Bank added six sen to RM4.50, and Tenaga Nasional gained eight sen to RM14.38, while MYDIY fell three sen to RM1.67. In active trade, Inari increased 27 sen to RM2.21, MYEG and Harvest gained one sen each to 91.5 sen and 16 sen, while Tanco and Sapura were flat at 93 sen and 4.5 sen respectively. On the index board, the FBM Emas Index was 240.19 points higher at 11,760.23, the FBMT 100 Index advanced 241.85 points to 11,527.78, and the FBM Emas Shariah Index climbed 200.33 points to 11,676.09. The FBM 70 Index gained 395.57 points to 16,709.27, and the FBM ACE Index bagged 30.51 points to 4,713.46. Across sectors, the Financial Services Index soared 483.85 points to 18,539.14, the Energy Index gained 22.85 points to 716.29, and the Plantation Index increased 86.47 points to 7,332.90. The Industrial Products and Services Index edged up 3.57 points to 158.01.