FBM KLCI ends slightly higher amid lack of catalysts
KUALA LUMPUR: The local bourse ended marginally higher on Monday, in line with regional gains, as a lack of strong catalysts kept investor sentiment subdued.
The FBM KLCI ended 1.88 points higher, or 0.12%, at 1,519.99, after trading between an intraday high of 1,521.38 and a low of 1,512.26.
There were significantly more decliners than gainers on the market, with 613 stocks falling compared to 321 gainers, while 509 counters remained unchanged. Total trading volume stood at 2.84 billion shares, with a value of RM2.05bil.
On Bursa Malaysia, Kuala Lumpur Kepong was the day's top gainer, rising 42 sen to RM20.12. Other top gainers included Westports, which added 36 sen to RM5.03 and PPB, which gained 34 sen to RM10.98.
Nestle was the top loser on Bursa Malaysia, tumbling RM1.10 to RM72.72. Ayer declined 50 sen to RM6.70, Hong Leong Financial Group fell 32 sen to RM16.04, and Carlsberg lost 32 sen to RM19.26.
Meanwhile, the ringgit was quoted at 4.2448 against the US dollar, up 0.023%, but slipped 0.17% to 3.3155 against the Singapore dollar.
Major indices across the region closed higher, with Japan's Nikkei 225 rising 1.26% and South Korea's Kospi climbing 1.8%.
Hong Kong's Hang Seng Index added 0.7%, while China's CSI 300 and Shanghai Composite Indexes rose 0.25% and 0.35%, respectively.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
BusinessToday
12 hours ago
- BusinessToday
Nikkei Drops 0.22% To 38,403 On Global Trade And Profit-Taking Pressure
Japan's Nikkei 225 closed down 0.22%, falling by 85.11 points to 38,403.23 on June 20. The decline reflected profit-taking in key sectors and caution over ongoing global trade uncertainties driven by increased tariff tensions. Traders noted that recent strength in export-linked shares prompted gains earlier in the week, but the momentum waned as investors locked in profits. Broader market sentiment was dampened by lukewarm cues from China's economy and mixed signals on global trade negotiations. Meanwhile, the Topix index also pulled back, weighed down by defensive sectors as investors adopted a more conservative stance heading into next week's economic calendar. Analysts expect Tokyo's markets to remain range-bound as traders monitor fresh developments in US-China relations and await upcoming economic data, particularly corporate earnings and global trade indicators. Related
Malay Mail
14 hours ago
- Malay Mail
Stagflation fears, US data to shape Bursa sentiment next week, say analysts
KUALA LUMPUR, June 21 — Bursa Malaysia is expected to remain cautious next week, tracking Wall Street's performance as markets digest signals from the United States (US) Federal Open Market Committee (FOMC), said an analyst. UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research Mohd Sedek Jantan noted that the US Federal Reserve's (Fed) projections, characterised by slower growth, elevated inflation, and a higher unemployment trajectory for 2025–2027—suggest a stagflationary undertone, which could weigh on risk sentiment. 'Growth-sensitive sectors may face headwinds as the policy outlook remains uncertain. The split in the FOMC's dot plot, with members divided between no interest rates cuts and two cuts by year-end, implies limited near-term easing and reduces the likelihood of a July cut,' he told Bernama. Mohd Sedek also pointed out that the benchmark index is hovering near the psychological threshold of 1,500 points, adding that a breach of this level could trigger opportunistic buying by institutional investors, especially as the index nears its immediate support at 1,490 points. 'While the FOMC's guidance has introduced caution, markets may find support at lower levels, where valuations become more compelling. Geopolitical-driven volatility is often short-lived, and we expect a moderation in risk sentiment as these concerns subside,' he said. Meanwhile, Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng market focus next week will shift to several key economic indicators, including the US quarterly gross domestic product and jobless claims. 'The FBM KLCI is currently priced at about 12 times the calendar year 2025 price-to-earnings ratio, notably below its long-term average of over 16 times, indicating potential for further appreciation. 'The subdued valuation may attract bargain hunters. For the week ahead, we expect the index to trade within the 1,500–1,530 points range,' Thong added. For the week just ended, Bursa Malaysia was mostly subdued as investors stayed on the sidelines due to ongoing concerns over the Middle East conflict and the anticipated implementation of reciprocal tariffs by US President Donald Trump. On a Friday-to-Friday basis, the barometer index dropped 15.37 points to 1,502.74 from 1,518.11 a week earlier. The FBM Emas Index fell 141.109 points to 11,228.99, the FBMT 100 Index was down 128.59 points to 11,015.45, and the FBM Emas Shariah Index declined 128.19 points to 11,201.34. The FBM 70 Index decreased 250.96 points to 16,117.75 and the FBM ACE Index shrank 86.34 points to 4,400.85. Across sectors, the Industrial Products and Services Index eased by 4.08 points to 147.27 and the Energy Index was 5.05 points lower at 735.71. The Plantation Index slid 0.40 of-a-point to 7,220.52, the Healthcare Index dipped 85.83 points to 1,691.89, and the Financial Services Index tumbled 179.87 points to 17,468.38. Turnover dropped to 13.72 billion units worth RM10.84 billion from 13.89 billion units valued at RM10.61 billion in the preceding week. The Main Market volume fell to 6.29 billion units valued at RM9.63 billion against 6.42 billion units worth RM9.47 billion previously. Warrants turnover expanded to 6.16 billion units worth RM845.61 million versus 5.97 billion units valued at RM687.92 million a week ago. The ACE Market volume slipped to 1.25 billion units valued at RM361.21 million compared with 1.50 billion units worth RM458.75 million in the preceding week. — Bernama
Malaysian Reserve
17 hours ago
- Malaysian Reserve
Bursa Malaysia to remain cautious, CI to trade within 1,500-1,530 range next week
BURSA Malaysia is expected to remain cautious next week, tracking Wall Street's performance as markets digest signals from the United States (US) Federal Open Market Committee (FOMC), said an analyst. UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research Mohd Sedek Jantan noted that the US Federal Reserve's (Fed) projections, characterised by slower growth, elevated inflation, and a higher unemployment trajectory for 2025–2027—suggest a stagflationary undertone, which could weigh on risk sentiment. 'Growth-sensitive sectors may face headwinds as the policy outlook remains uncertain. The split in the FOMC's dot plot, with members divided between no interest rates cuts and two cuts by year-end, implies limited near-term easing and reduces the likelihood of a July cut,' he told Bernama. Mohd Sedek also pointed out that the benchmark index is hovering near the psychological threshold of 1,500 points, adding that a breach of this level could trigger opportunistic buying by institutional investors, especially as the index nears its immediate support at 1,490 points. 'While the FOMC's guidance has introduced caution, markets may find support at lower levels, where valuations become more compelling. Geopolitical-driven volatility is often short-lived, and we expect a moderation in risk sentiment as these concerns subside,' he said. Meanwhile, Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng market focus next week will shift to several key economic indicators, including the US quarterly gross domestic product and jobless claims. 'The FBM KLCI is currently priced at about 12 times the calendar year 2025 price-to-earnings ratio, notably below its long-term average of over 16 times, indicating potential for further appreciation. 'The subdued valuation may attract bargain hunters. For the week ahead, we expect the index to trade within the 1,500–1,530 points range,' Thong added. For the week just ended, Bursa Malaysia was mostly subdued as investors stayed on the sidelines due to ongoing concerns over the Middle East conflict and the anticipated implementation of reciprocal tariffs by US President Donald Trump. On a Friday-to-Friday basis, the barometer index dropped 15.37 points to 1,502.74 from 1,518.11 a week earlier. The FBM Emas Index fell 141.109 points to 11,228.99, the FBMT 100 Index was down 128.59 points to 11,015.45, and the FBM Emas Shariah Index declined 128.19 points to 11,201.34. The FBM 70 Index decreased 250.96 points to 16,117.75 and the FBM ACE Index shrank 86.34 points to 4,400.85. Across sectors, the Industrial Products and Services Index eased by 4.08 points to 147.27 and the Energy Index was 5.05 points lower at 735.71. The Plantation Index slid 0.40 of-a-point to 7,220.52, the Healthcare Index dipped 85.83 points to 1,691.89, and the Financial Services Index tumbled 179.87 points to 17,468.38. Turnover dropped to 13.72 billion units worth RM10.84 billion from 13.89 billion units valued at RM10.61 billion in the preceding week. The Main Market volume fell to 6.29 billion units valued at RM9.63 billion against 6.42 billion units worth RM9.47 billion previously. Warrants turnover expanded to 6.16 billion units worth RM845.61 million versus 5.97 billion units valued at RM687.92 million a week ago. The ACE Market volume slipped to 1.25 billion units valued at RM361.21 million compared with 1.50 billion units worth RM458.75 million in the preceding week. — BERNAMA
