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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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Malaysia Market Wrap: Axiata Leads Gains Despite KLCI Dip, Mid-Caps Outperform

Malaysia equities ended mixed on April 15, with the benchmark index slipping slightly while  mid-cap and small-cap stocks outperformed , reflecting selective buying amid cautious sentiment. KLCI Edges Lower, Broader Market Shows Strength The  FBM KLCI  closed  0.28% lower at 1,683.42 , dragged by weakness in selected heavyweights. However, broader indices were more resilient: FBM 70 : +0.73% FBM Small Cap : +0.72% FBM Emas Index : +0.02% This divergence suggests  investors are rotating into mid- and small-cap opportunities . Telco and Infrastructure Stocks Lead Gains Among KLCI constituents, gains were led by: Axiata Group +3.72%  (top gainer) Sunway +1.53% Gamuda   +1.47% Telekom Malaysia   +1.44% Maxis +1.41% The performance points to  continued interest in telco and infrastructure-linked plays , which are seen as relatively defensive. Energy and Utilities Weigh on Index On the downside: Petronas Chemicals   -4.58%  (top loser) MI...
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Malaysia Telcos Stay Strong as 5G Rivalry Heats Up

Resilience Amid Competition Malaysia’s telecom sector is expected to remain resilient despite intensifying competition, according to TA Securities analyst Chan Mun Chun. Service revenue should hold steady as mobile operators prioritize  value creation over price wars . 5G Expansion in Focus The sector’s outlook hinges on the rollout of  U Mobile’s rival 5G network , targeting 80% population coverage by 2H 2026. To remain competitive,  Digital Nasional (DNB)  must continue upgrading its infrastructure and improving service quality. Financial Backing Secured To support DNB’s operations and working capital,  CelcomDigi (CDB), Maxis, and YTL  have each committed MYR116.7 million in fresh shareholder advances. Both CelcomDigi and Maxis are expected to fund these commitments from internal resources, thanks to their  healthy cash positions . Sector Rating: Overweight TA Securities maintains an  Overweight  stance on Malaysia’s telco sector, with...
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Market Daily Report: FBM KLCI Rebounds On Bargain Hunting In Banking, Telco Stocks

KUALA LUMPUR, Jan 10 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) recovered from yesterday's losses to close marginally higher on Friday, driven by bargain hunting in banking and telecommunications stocks, despite the downbeat performance in regional bourses. At 5 pm, the benchmark index edged up 1.60 points, or 0.10 per cent, to 1,602.41 from Thursday’s close of 1,600.81.  The FBM KLCI opened 2.73 points higher at 1,603.54 and moved between 1,599.71 and 1,605.74 throughout the day.  The overall market breadth was slightly negative with 530 losers and 443 gainers, while 551 counters were unchanged, 845 untraded, and 19 others suspended. Turnover narrowed to 2.52 billion units valued at RM2.42 billion against Thursday’s 3.49 billion units valued at RM2.93 billion. UOB Kay Hian Wealth Advisors head of investment research Mohd Sedek Jantan said the barometer...
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