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Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 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.
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IOI Corp’s Earnings Stay Strong, But CPO Price Risks Could Limit Upside

Quick Summary 1HFY2026 core net profit up 21% YoY to RM795m Plantation segment remains the key earnings driver (79% of PBT) 2HFY2026 profit may soften due to  lower FFB output and weaker CPO prices CIMB maintains  ‘Buy’ with TP RM4.51 , citing M&A potential Earnings Momentum Still Intact Shares of  IOI Corporation Bhd  remain supported by resilient earnings, although analysts caution that softer crude palm oil (CPO) prices may cap further upside. For  2QFY2026 : Core net profit:  RM405m +4% QoQ +3% YoY 1HFY2026 core net profit:  RM795m +21% YoY 53% of CIMB’s full-year forecast Reported net profit for 1HFY2026 came in higher at  RM898m , boosted by: RM110.7m FX gains Fair value gains on biological assets Plantation Segment Drives Performance The plantation division contributed  79% of pre-tax profit , with: FFB output:  +12.3% QoQ to ~874,000 tonnes Unit cost:  RM2,361 per tonne Average CPO price:  RM4,224 per tonne Palm ker...
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Malaysia Morning Wrap: Govt Stays Cautious on US Tariff Shift as Wall Street Rallies

Quick Summary Wall Street rebounded , led by AMD’s 8.8% surge on a major AI chip deal with Meta FBM KLCI slipped 0.23% , ending a four-day winning streak Malaysia’s reserves hit US$127.9 billion , highest since 2014 PM Anwar says Malaysia  won’t rush decisions  after US tariff reversal Wall Street Recap: AI Optimism Returns US markets bounced back as investors viewed Monday’s AI selloff as overdone. Nasdaq:  +1.04% S&P 500:  +0.77% Dow Jones:  +0.76% The rally was driven by: Advanced Micro Devices  (AMD)  +8.8% Following a massive AI GPU order from  Meta Platforms Intel  +5.7% After investing US$350 million in AI chip startup SambaNova IBM  and  Salesforce  also rebounded Precious metals were mixed amid tariff and geopolitical tensions: Gold futures:  -0.7% to US$5,186 Silver futures:  +1% Bursa Malaysia: Mild Profit-Taking FBM KLCI:  1,754.01 (-0.23%) Top gainer:   Petronas Dagangan Bhd  (PETDAG) ...
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Malaysia Morning Wrap: Maybank Posts Profit Growth Amid Mixed Sector Results

Here’s a summary of key updates in Malaysia’s financial markets today: Top Highlights Maybank (1155.MY) : Reported a  7.6% increase  in  3Q2024 net profit  to  RM2.54 billion , driven by higher  non-interest income  despite a decline in  net interest income . The bank aims for a  11% ROE  for FY2024. Sunway (5211.MY) :  Net profit doubled  to  RM376.08 million  in 3Q2024, with a  31.8% increase  in revenue to  RM2.03 billion . IOI Corp (1961.MY) :  1Q2025 net profit surged 133.8%  to  RM710.7 million , boosted by  forex gains  and  biological asset adjustments . KLK (2445.MY) :  4Q2024 net profit dropped 94.18%  to  RM6.77 million , impacted by  inventory write-downs  and  investment losses  in Synthomer Plc. Airports (5014.MY) :  3Q2024 net profit more than doubled  to  RM210.37 million , driven by increased  passenger...
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