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Market Daily Report: Selective Buying Of Defensive Stocks Lifts Bursa Malaysia Higher At Close

 KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia rebounded to close higher on Wednesday on selective buying of defensive stocks after a volatile trading session. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said consumer products and services stocks lifted the key index higher, overcoming lingering geopolitical concerns. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.08 points to 1,715.56 from yesterday’s close of 1,712.48. The benchmark index, which opened 1.91 points higher at 1,714.39, moved between 1,710.79 and 1,720.59 during the day’s trading. In the broader market, gainers outstripped decliners 550 to 476, while 612 counters were unchanged, 1,129 untraded, and 48 suspended. Turnover rose to 2.96 billion units valued at RM2.48 billion from 2.94 billion units valued at RM2.56 billion on Tuesday.

KLCI Slides as Profit-Taking Hits Blue Chips, Ringgit Holds Firm

Malaysia’s benchmark index retreated as  profit-taking in key heavyweights  weighed on sentiment, while overall market activity remained active. Summary FBM KLCI fell 0.83% to 1,684.93 , dragged by losses in banking and selected large-cap names, despite steady trading participation. Market Performance FBM KLCI :  1,684.93 (-0.83%) FBM Mid 70:  -0.00% (flat) FBM Small Cap:  -0.23% FBM ACE:  +0.20% Broad market was mixed , with weakness concentrated in large caps. Market Breadth & Trading Activity Total volume:  3.54 billion shares Total value:  RM4.19 billion Gainers:  456 Losers:  678 Unchanged:  550 Market breadth turned negative , reflecting cautious sentiment. Top Movers – KLCI Gainers Axiata (6888.MY)   +1.54% Petronas Gas (6033.MY)   +1.18% Sunway (5211.MY)   +1.15% Losers Hong Leong Bank (5819.MY)   -3.29% Maybank (1155.MY)   -3.02% CIMB (1023.MY)   -2.47% Banking sector weakness was the main ...

Bursa Malaysia Slips Slightly as Profit-Taking Weighs on KLCI

Summary Malaysia’s benchmark index closed slightly lower, with mixed market activity and continued rotation across sectors. Market Performance Snapshot FBM KLCI:  1,717.27 ( -0.18% ) FBM Mid 70:  +0.53% FBM Small Cap:  +0.04% FBM ACE:  +0.12% Key Point: Broader market showed resilience, but heavyweights dragged the KLCI lower. Trading Activity Total Volume:  3.74 billion shares Total Value:  RM3.30 billion Gainers vs Losers:  579 gainers vs 599 losers Market sentiment remained  mixed with slight bearish tilt Ringgit Performance USD/MYR:  3.9525 SGD/MYR:  3.1041 Key Point: Ringgit remained relatively stable despite market weakness. Top Movers (KLCI) Gainers Telekom Malaysia (+6.76%) Press Metal (+4.51%) Sime Darby (+2.33%) YTL Corp (+1.49%) Losers Sunway Healthcare (-3.13%) Hong Leong Bank (-1.93%) CIMB (-1.92%) Public Bank (-1.87%) Key Point: Gains led by telco & industrials, while banks pressured the index. Most Active Stocks Luster...

Seatrium Surges 3% as Property Stocks Sink on STI’s Mixed Session

Quick Summary Seatrium jumped 3.17% to S$2.28 , leading STI gainers Offshore & marine stocks outperformed UOL plunged 6.07% , biggest decliner Mixed performance across Singapore REITs STI Movers: Offshore Leads, Property Drags On Thursday, the  FTSE Singapore Straits Time Index  (STI)  saw selective strength, led by offshore and marine counters. Top Gainers Seatrium Ltd Close: S$2.28 +3.17% Yangzijiang Shipbuilding Holdings Ltd Close: S$3.92 +1.82% Keppel DC REIT +0.87% Mapletree Logistics Trust +0.78% Frasers Centrepoint Trust +0.44% Key point:  Offshore & marine stocks extended gains, suggesting renewed investor appetite in energy-linked plays. Top Losers UOL Group Ltd Close: S$10.68 -6.07% City Developments Ltd -6.02% Wilmar International Ltd -2.78% SATs Ltd -2.27% Sembcorp Industries Ltd -2.10% Property counters were the biggest drag on the index. REITs Movers Top Gainers Elite UK REIT  +1.41% Keppel DC REIT  +0.87% Centurion Accommodation REIT ...

Malaysia Morning Wrap: FBM KLCI Target Raised to 1,810 as Earnings Visibility Improves

Key Takeaways Rakuten Trade raises FBM KLCI target to 1,810 KLCI pauses after five-day rally despite strong Q4 GDP Malaysia’s Q4 2025 GDP grew 5.7%, beating forecasts 2026 earnings growth projected at 7.1% Banking and plantation sectors seen as key drivers Ringgit forecast to strengthen to RM3.80–4.00 Malaysia’s equity market paused after a strong run, but  broker optimism is clearly rising . The  FTSE Bursa Malaysia KLCI  snapped its five-day rally, easing  0.14% to 1,712.74 , even as  Malaysia’s Q4 2025 GDP beat expectations at 5.7% . For the week, the index still delivered a  solid 1.55% gain , reflecting underlying market resilience. On Wall Street, sentiment turned cautious as  tech stocks pulled back , offsetting gains in selected financial names. The  S&P 500 ,  Dow Jones Industrial Average , and  Nasdaq Composite  all ended marginally lower, with investors trimming exposure after recent tech-led rallies. Despite the shor...

Malaysia Market Wrap: PPB Leads Gains, HEXTECH Tops Mid-Caps, YTL Most Active

The Malaysian stock market ended in the red on  Friday, Dec 20, 2024 , with major indices closing lower. Key Index Performance FBM KLCI :  1591.410  (-0.54%) FBM 70 :  18377.470  (-0.31%) FBM SCAP :  17503.590  (-0.06%) FBM Emas :  12222.940  (-0.44%) FBM KLCI Movers Top Gainer : PPB (4065.MY) : +2.19% to close at  RM12.140 . Top Loser : PETDAG (5681.MY) : -4.23% to end at  RM19.020 . FBM 70 Movers Top Gainer : HEXTECH (5136.MY) : +6.54% to close at  RM1.140 . Top Loser : TOPGLOV (7113.MY) : -5.71% to close at  RM1.320 . Malaysia REITs Movers Top Gainer : IGBREIT (5227.MY) : +3.81% to close at  RM2.180 . Top Loser : AXREIT (5106.MY) : -1.14% to close at  RM1.730 . Most Actively Traded Stock YTL (4677.MY) : Gained  1.18%  to close at  RM2.580 . Recorded a turnover of  RM323.26 million .

Stocks Climb as Oil Sinks Amid Middle East Tensions and US Earnings Week

Global markets kicked off the week with mixed moves as crude oil prices tumbled and US equity futures rose, with traders reassured by Israel’s targeted strikes on Iran that avoided key oil facilities. This development has eased immediate geopolitical fears, sending Brent crude prices down by more than 5% at one point. US futures for the S&P 500 and Nasdaq 100 climbed, signaling a potential rebound for Wall Street following the S&P 500’s first weekly decline in seven weeks. European stock futures also gained, while Treasury yields jumped, with the 10-year yield hitting 4.28% , the highest level in over three months. In currency markets, the yen dropped to its weakest level in three months after a snap election in Japan, while China’s stocks slipped following disappointing industrial profit data in September, raising concerns about economic momentum. Meanwhile, this week is expected to be pivotal, with corporate earnings reports from five of the Magnificent Seven tec...