KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
Proton Holdings Bhd achieved a remarkable sales performance in July, with 15,103 cars sold, reflecting a 37.3% increase over the previous month. This marks the highest monthly sales figure since September 2022, encompassing both domestic and export markets.
Key Highlights
Record Sales for July: The month of July witnessed Proton's best sales in 2024, setting a positive trajectory for the second half of the year.
Proton Edar's CEO Statement: Roslan Abdullah, CEO of Proton Edar, expressed optimism about the company's prospects, citing several upcoming initiatives:
2025 Proton X70 Launch: Scheduled for August, this model is expected to further bolster sales.
First Malaysian EV: Proton is rapidly advancing preparations for the launch of its first electric vehicle (EV), marking a significant milestone for the company and the Malaysian automotive industry.
Year-to-Date Sales Performance
Total Sales: Year-to-date (YTD) sales up to the end of July reached 88,799 units.
Total Industry Volume (TIV): The estimated TIV for July is 73,761 units, representing a 27.1% increase over the previous month. Proton's estimated market share for July rose to 20.5%.
Model-Specific Achievements
Proton Saga:
July Sales: Achieved its best performance since October 2013, with 7,855 units sold.
YTD Sales: Total YTD sales for the Saga reached 42,693 units, marking an 8.8% increase compared to 2023, positioning it for a record-breaking year.
Proton X50:
July Sales: The model recorded its best sales month of the year, with 2,585 units sold.
YTD Sales: Reached 12,789 units, underscoring its strong market presence.
Proton Persona:
July Sales: Achieved its best sales month of 2024, with 1,911 units sold.
YTD Sales: Total sales for the year stood at 11,664 units.
Future Prospects
Proton's robust performance in July and its strategic plans for new model launches indicate a promising outlook for the remainder of the year. The company's focus on innovation, including the introduction of its first EV, highlights its commitment to maintaining a competitive edge in the automotive market. With these developments, Proton is well-positioned to continue its upward trajectory and contribute significantly to the Malaysian automotive industry.
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