KUALA LUMPUR, Sept 2 (Bernama) -- Bursa Malaysia ended higher on Wednesday on bargain hunting following the recent sell-off, ahead of Bank Negara Malaysia’s (BNM) overnight policy rate (OPR) decision on Thursday. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 8.20 points 1,708.74, compared with Tuesday’s close of 1,700.54. The benchmark index opened 0.42 of a point better at 1,700.96 and fluctuated between 1,695.89 and 1,709.71 throughout the day. On the broader market, losers trounced gainers 746 to 424, while 554 counters were unchanged, 1,048 untraded and 17 suspended. Turnover declined to 4.20 billion units valued at RM3.52 billion from 5.52 billion units valued at RM4.42 billion on Tuesday.
Quick Summary Gas Malaysia fell 5.3% to RM4.50 , hitting a one-month low FY2025 net profit came in below estimates Maybank IB trims FY2026–2027 forecasts Dividend yield around 5% offers downside support Earnings Miss Weighs on Sentiment Shares of Gas Malaysia Bhd dropped 25 sen to RM4.50 after its quarterly results fell short of expectations. For 4QFY2025: Net profit: RM87 million FY2025 net profit: RM382 million 8% below Maybank IB estimates 6% below consensus forecasts Maybank Investment Bank attributed the miss to: Lower-than-expected spreads Possible retrospective gas cost adjustments Key issue: Margin compression in the latest quarter. Outlook: Lower Gas Prices Ahead Maybank IB highlighted that: Domestic gas prices are trending lower in FY2026 This could reduce retail profit margins However: Higher distribution profits may partially offset the weakness Regulatory Period 3 (2026–2028) includes a tariff increase , though impact remains ...