KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day. The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
KUALA LUMPUR, Oct 15 (Bernama) -- Bursa Malaysia pared earlier gains to close marginally higher today, tracking the upbeat performance of regional peers amid continued bargain-hunting across the broader market.
At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) edged up 0.09 of-a-point, or 0.01 per cent, to 1,611.55 from 1,611.46 at Tuesday’s close.
The benchmark index opened 3.61 points higher at 1,615.07 and moved between 1,611.12 and 1,619.58 throughout the trading session.
Meanwhile, the broader market was positive, with 726 decliners thumping 426 gainers, while 472 counters were unchanged, 1,048 untraded, and eight suspended.
Turnover increased to 4.26 billion units worth RM3.71 billion compared with 3.66 billion units valued at RM3.78 billion yesterday.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the local market closed broadly higher today, in tandem with regional markets, as bargain-hunting emerged after recent losses.
“The FBM KLCI pared early gains to stay in positive territory, supported by dovish remarks from US Federal Reserve Chair Jerome Powell. Investor sentiment was further lifted by President Donald Trump’s assurance of a “fair relationship” with China, easing concerns over trade tensions.
“Buying interest was mainly seen in small and mid-cap stocks, reflecting a more active broader market,” he told Bernama.
Overall, Thong said the benchmark index is expected to remain rangebound between 1,600 and 1,625 points in the near term as investors await fresh catalysts from global economic data and policy signals.
IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said market reaction to Budget 2026 has been broadly positive, as reflected by the stronger performances across the broader indices.
“We expect wider sectoral participation as market sentiment continues to stabilise, given that the prevailing investor caution is largely influenced by short-term external uncertainties rather than domestic fundamentals,” he said.
On the local bourse, heavyweights IHH Healthcare gained two sen to RM8.07. CIMB Group and Public Bank shed one sen each to RM7.34 and RM4.20, respectively, while Tenaga Nasional dipped two sen to RM13.18 and Maybank was unchanged at RM9.92.
On the most active list, Velesto Energy perked up one sen to 26.5 sen, Genting Malaysia rose two sen to RM2.34, Dagang NeXchange increased 3.5 sen to 29 sen, and Tanco Holdings and Zetrix AI edged up half-a-sen to 86.5 sen and 84.5 sen respectively.
Top gainers included Nestle which rose 60 sen to RM102.70, Genting Bhd jumped 39 sen to RM3.40, Petronas Dagangan advanced 30 sen to RM23.00, Spritzer gained 29 sen to RM2.40, and Lim Seong Hai Capital added 21 sen to RM2.37.
Among the top decliners, United Plantations slid 20 sen to RM23.24, Malaysian Pacific Industries slipped 20 sen to RM28.84, Unisem fell 17 sen to RM3.42, PPB Group eased 16 sen to RM10.90, and Uchi Technologies declined 14 sen to RM3.02.
Source: Bernama
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