2 days ago
- Business
- New Straits Times
YTL Corp, YTL Power fuel FBM KLCI rebound in June
KUALA LUMPUR: YTL Corp Bhd and YTL Power International Bhd stole the spotlight in June, lifting the FTSE Bursa Malaysia KLCI from its May slump.
In its June 2025 monthly wrap note, CIMB Securities said the firms, controlled by the Yeoh family, helped lift the benchmark index by 24 points, or 1.6 per cent month-on-month.
YTL Corp surged 27.5 per cent, while YTL Power gained 24.4 per cent, making them the top two gainers among the 20 FBM KLCI constituents that ended the month in positive territory.
"Among FBM KLCI constituents, the top three gainers in June were YTL Corp, YTL Power and Axiata Group Bhd," the research firm said.
"Local institutional investors were the largest and only net buyers in June, recording net inflows of RM1.7 billion. Their top three net buy stocks in June were Public Bank Bhd, YTL Corp and YTL Power."
The performance of the YTL-related counters contributed to the utilities sector's broader outperformance for the month, which topped the sectoral index table with a 4.3 per cent gain.
The gains also came amid improved market sentiment following the easing of geopolitical tensions, a strengthening ringgit and renewed foreign fund inflows.
