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Market Daily Report: Selective Buying Of Defensive Stocks Lifts Bursa Malaysia Higher At Close

 KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia rebounded to close higher on Wednesday on selective buying of defensive stocks after a volatile trading session. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said consumer products and services stocks lifted the key index higher, overcoming lingering geopolitical concerns. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.08 points to 1,715.56 from yesterday’s close of 1,712.48. The benchmark index, which opened 1.91 points higher at 1,714.39, moved between 1,710.79 and 1,720.59 during the day’s trading. In the broader market, gainers outstripped decliners 550 to 476, while 612 counters were unchanged, 1,129 untraded, and 48 suspended. Turnover rose to 2.96 billion units valued at RM2.48 billion from 2.94 billion units valued at RM2.56 billion on Tuesday.
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China Vanke Warns of Wider H1 Loss — Property Sector Stress Persists

 Expected Net Loss (1H25): ¥10–12B

USD Equivalent: ~US$1.4B–1.67B
Sales Revenue: ¥69.1B
Stock Reaction: ↓1.88% (HKEX)

Key Points

  • Widening Losses: Vanke flagged a larger net loss for 1H25 compared to the ¥9.85B loss in the same period last year, citing weak project settlements and low gross margins.

  • Asset Impairments: Additional provisions also contributed to the deeper red ink.

  • Management Response: Vanke issued an apology and pledged business improvements. Shenzhen Metro Group continues to provide state-backed financing support.

Context: China’s Property Slump

  • Vanke’s warning reflects systemic challenges in China’s real estate market, now entering its 4th year of contraction.

  • Despite government intervention and localized stimulus, homebuyer sentiment remains weak, with June home sales continuing to fall.

  • Shenzhen authorities assumed management control earlier in 2025 to stabilize operations.

Liquidity & Debt Position

  • New Financing (1H25): ¥24.9B raised (excluding shareholder loans)

  • Debt Repaid (1H25): ¥16.5B in public debt

  • Offshore Maturity: No offshore public debt due before 2027

Analyst Outlook

"The scale of loss highlights the fragility of China’s housing sector recovery. Even with state support, sentiment and cash flow remain tight. Investors will watch closely for deleveraging progress and government stimulus at the July Politburo meeting."

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