KUALA LUMPUR, June 16 (Bernama) -- Bursa Malaysia’s key index extended its rebound for a second consecutive day, closing more than one per cent higher,yh as investor sentiment remained buoyant amid improving regional market conditions and sustained buying interest in heavyweight counters. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 18.60 points, or 1.10 per cent, to 1,709.99 from yesterday's close of 1,691.39. The key index opened 0.07 of a point weaker at 1,691.32 and moved between 1,685.57 and 1,711.20 throughout the session. Market breadth was positive, with gainers outpacing losers 600 to 552, while 566 counters were unchanged, 991 untraded and 25 suspended. Turnover declined to 3.93 billion units worth RM3.45 billion from 5.02 billion units worth RM3.91 billion on Monday.
U.S. stocks rose modestly on Friday, with the S&P 500 marking its fourth straight record close. Several individual names stood out as earnings and corporate actions drove large swings.
Intel (INTC.US)
Shares slid 8.9% despite beating revenue expectations with $12.9 billion in Q2 sales. The chipmaker posted an adjusted loss of 10 cents per share, missing estimates of a 1-cent profit, weighed down by restructuring charges. Intel also forecast Q3 revenue between $12.6–$13.6 billion and confirmed it has completed most of the planned 15% workforce reduction.
Deckers Outdoor (DECK.US)
Deckers surged 14% after fiscal Q1 earnings and revenue both topped forecasts. Revenue rose 17% to $964.5 million, beating expectations of $900 million. Hoka brand sales soared 20%, while UGG climbed 19%, both ahead of estimates.
Centene (CNC.US)
Centene gained 3.1% despite reporting a surprise adjusted Q2 loss of 16 cents per share versus expectations of an 11-cent profit. Revenue jumped 22% to $48.7 billion. The insurer had earlier pulled its financial guidance, citing weak data in its ACA plans.
Tesla (TSLA.US)
Tesla rebounded 1.4% after Thursday’s 8.2% drop on Q2 earnings showing a 16% decline in net income. Despite the bounce, Tesla shares are still down 24% YTD.
Newmont (NEM.US)
Newmont rose 7.2% after Q2 earnings of $1.43 per share crushed expectations of $1.16. Revenue jumped to $5.32 billion on record gold prices averaging $3,320/oz. The miner also announced a $3 billion stock buyback program.
Boston Beer (SAM.US)
Boston Beer soared 13% after beating Q2 earnings estimates and lowering its expected full-year tariff cost impact.
Charles Schwab (SCHW.US)
Schwab gained 1.4% as its board approved a new $20 billion stock buyback program, replacing the previous plan with $6.9 billion remaining.
Paramount Global-B (PARA.US)
Paramount added 2.5% after the FCC approved its $8 billion merger with Skydance Media, expected to close in the coming weeks.
Charter Communications (CHTR.US)
Charter plunged 14% after Q2 profit of $9.18 per share missed estimates of $9.58. Subscriber losses totaled 417,000across internet, video, and voice services.
Market Context:
S&P 500: +0.40% to 6,388.64 (record close)
Nasdaq: +0.24% to 21,108.32
Dow: +0.47% to 44,901.92
With earnings season in full swing and tariff deadlines looming, market volatility is expected to remain elevated in the coming week.
Comments
Post a Comment