Latest news with #RM21.54
BusinessToday
10-07-2025
- Business
- BusinessToday
Stock Today: MPI Slides 3.3% As Tech Sentiment Wavers Amid Trade Tensions
Shares in Malaysian Pacific Industries Bhd (MPI) slipped RM0.74 or 3.32% to RM21.54 by 12.30pm today, with trading volume reaching 143,100 units. Investors appeared cautious as global trade friction and semiconductor supply risks weighed on sentiment in the technology sector. The selling momentum follows recent announcements by the United States regarding new 25% tariffs on Malaysian exports, sparking concern over potential disruptions in semiconductor equipment and hardware segments closely linked to MPI's operations, which include silicone wafer fabrication and semiconductor packaging. Although MPI did not comment directly, the heightened uncertainty around trade negotiations and proposed restrictions on AI chip shipments may have prompted investors to reassess exposure to export-driven tech stocks. Earlier this year, Malaysia reported a drop in electronic exports, coinciding with PMI data showing weaker factory orders and a cautious tone in capital investment. Despite today's dip, MPI remains well-positioned due to its diversified customer base and ongoing expansion plans aimed at capturing growth in advanced packaging for AI and 5G chipsets. Analysts suggest that stable semiconductor demand and successful trade negotiations could provide an upside for MPI's share price. For now, market attention remains focused on how upcoming policy decisions by Bank Negara Malaysia, global trade developments, and semiconductor export rules will affect MPI's earnings and investor confidence in the technology sector. Related
The Star
09-06-2025
- Business
- The Star
Bursa starts week higher amid cautious market conditions
KUALA LUMPUR: Bursa Malaysia opened slightly higher on Monday, but overall sentiment remained cautious amid weak trading activity and a lack of fresh market catalysts. The FBM KLCI rose 2.44 points, or 0.16%, to 1,519.23 at 9.19 am, after opening 1.27 points higher at 1,518.06. Among the gainers, F&N rose 50 sen to RM27.88, Hong Leong Bank added 28 sen to RM19.88, Nestle gained 26 sen to RM77.38 and Malaysian Pacific Industries up 20 sen to RM20.40. United Plantations fell 10 sen to RM21.54, Sungei Bagan Rubber Company eased five sen to RM6.30, MNRB declined four sen to RM1.92 and BAT gave up four sen to RM5.21. ACE Market debutant Hartanah Kenyalang Bhd fell 0.5 sen to 15.5 sen, with 13.28 million shares traded. Inter-Pacific said overall market conditions remain subdued despite a decent rebound over the past week, citing a lack of significant catalysts to stimulate fresh buying interest. Consequently, the research house expects the FBM KLCI to remain moribund, as sentiment stays largely indifferent amid ongoing global economic challenges that may weigh on Malaysia's economic outlook. 'Amid the thinner market participation as market players await for more convincing impetuses, we see the key index maintaining its drifting trend for now as it also looks to fortify its position above the psychological 1,500 level for now with the interim support located at the 1,510-1,512 levels, followed by 1,507 points. 'The resistances, on the other hand, are at 1,522 and 1,527 points respectively,' Inter-Pacific said. It added that broader market conditions may start the week mixed to lower, weighed down by the absence of catalysts and weak participation in lower liner stocks. Meanwhile, Rakuten Trade noted that trading activity remained subdued, as reflected in the weak daily volume, which fell below the 2.0 billion shares mark. This was likely due to the recent wave of benchmark index target downgrades for 2025 by the research fraternity. 'As such, we expect the index to hover within the 1,510-1,520 range today,' it said.
