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Market Daily Report: Bursa Malaysia Closes Higher On BNM’s OPR Decision, Wall Street Gains

KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.

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...

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...

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...