Latest news with #RM3.37
Malaysian Reserve
11 hours ago
- Business
- Malaysian Reserve
Bursa Malaysia closes mixed, CI ekes out small gain on bargain hunting
KUALA LUMPUR — Bursa Malaysia ended the week mixed with the benchmark index climbing 0.08 per cent, as bargain hunting emerged following the recent sell-off, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.30 points to 1,502.74 from Thursday's close of 1,501.44. The benchmark index opened 0.50 of-a-point lower at 1,500.94 and moved between 1,500.04 and 1,507.97 throughout the trading session. However, the broader market was negative, with 517 decliners outpacing 319 gainers, while 505 counters were unchanged, 1,083 untraded and 25 suspended. Turnover dropped to 2.60 billion units worth RM3.37 billion compared with Thursday's 2.81 billion units valued at RM1.69 billion. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said major regional indices namely Hong Kong's Hang Seng Index and Singapore's Straits Times Index were also in positive territory after China kept benchmark interest rates unchanged. 'Technology-driven Asian indices were the standout performers, buoyed by a rebound in investor confidence and a recovery in the sector,' he told Bernama. Thong also said United States (US) President Donald Trump has delayed his decision on potential US involvement in the Middle East conflict by two weeks, providing markets with short-term relief. 'As for the local bourse, we see that the benchmark index is well supported above the 1,500 points; however, it is not yet out of the danger zone unless it can climb above 1,515 points,' Thong said. Meanwhile, UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research Mohd Sedek Jantan said the FBM KLCI remained broadly stable throughout the trading day, marking a weekly decline of 16 points from last Friday's close of 1,518.11 points. He said the negative return reflects a volatile week shaped by rising geopolitical risks and cautious investor sentiment. 'Despite today's intraday rebound, the broader week-on-week performance underscores prevailing uncertainty in the market,' he said. On the macroeconomic front, Mohd Sedek noted that the data from the Department of Statistics showed a a month-on-month decline in both Malaysia's imports and exports in May, potentially indicating weakening global demand or ongoing supply chain disruptions. 'Notably, exports to the US fell by 2.8 per cent from RM19.2 billion to RM18.7 billion. However, this contraction was not uniform; only four of Malaysia's top ten export destinations—namely China, the European Union, Taiwan, and Vietnam—registered positive growth,' said Mohd Sedek. Among the heavyweights, Maybank rose 6.0 sen to RM9.66, Tenaga and IHH Healthcare remained unchanged at RM14.22 and RM6.85 respectively, Public Bank gained 2.0 sen to RM4.21, and CIMB advanced 7.0 sen to RM6.65. For the most active stocks, PUC and MYEG were flat each at 2.0 sen and 90.5 sen respectively, Tanco declined 1.5 sen to 94.0 sen, MR DIY slid 1.0 sen to RM1.63, and YTL Corporation dropped 4.0 sen to RM2.12. On the index board, the FBM Emas Index perked up 5.25 points to 11,228.99, the FBMT 100 Index increased 11.44 points to 11,015.45, while the FBM Emas Shariah Index declined 31.55 points to 11,201.34. The FBM 70 Index added 24.30 points to 16,117.75 and the FBM ACE Index dropped 14.20 points to 4,400.85. By sector, the Financial Services Index soared 138.24 points to 17,468.38 and the Industrial Products and Services Index slid 0.97 of-a-point to 147.27. The Plantation Index improved 1.91 points to 7,220.52 while the Energy Index eased by 3.94 points to 735.71. The Main Market volume swelled to 1.64 billion units valued at RM3.22 billion from 1.13 billion units worth RM1.45 billion registered at Thursday's close. Warrants turnover tumbled to 634.80 million units worth RM82.94 million versus 1.38 billion units worth RM164.26 million previously. The ACE Market volume expanded to 331.19 million units valued at RM73.43 million against 294.93 million units worth RM81.53 million yesterday. Consumer products and services counters accounted for 280.39 million shares traded on the Main Market, industrial products and services (230.16 million), construction (79.20 million), technology (191.47 million), SPAC (nil), financial services (131.23 million), property (166.28 million), plantation (35.12 million), REITs (78.05 million), closed end fund (7,300), energy (150.50 million), healthcare (103.21 million), telecommunications and media (79.02 million), transportation and logistics (21.27 million), utilities (95.82 million), and business trusts (66,200). — BERNAMA
New Straits Times
12 hours ago
- Business
- New Straits Times
Bursa Malaysia halts losing streak fuelled by banking heavyweights
KUALA LUMPUR: Bursa Malaysia ended its losing streak to close higher today, driven by gains in banking heavyweights. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) climbed 1.30 points or 0.09 per cent to 1,502.74 from Thursday's close of 1,501.44. The benchmark index opened 0.50 of-a-point lower at 1,500.94 and moved between 1,500.04 and 1,507.97 throughout the trading session. However, the broader market remained weak, with 518 decliners outnumbering 319 gainers, while 505 counters were unchanged, 1,057 untraded and 25 suspended. Turnover dropped to 2.60 billion units worth RM3.37 billion compared with Thursday's 2.81 billion units valued at RM1.69 billion. UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research Mohd Sedek Jantan said the FBM KLCI remained broadly stable throughout the trading day. He said the negative return reflects a volatile week shaped by rising geopolitical risks and cautious investor sentiment. Volatility has increased meaningfully, with the VIX climbing three points to 20, up from 17 a week ago, highlighting global risk aversion. Despite today's intraday rebound, the broader week-on-week performance underscores prevailing uncertainty in the market. "Looking ahead, we anticipate trading to remain cautious next week as markets digest the latest signals from the Federal Open Market Committee. "The Fed's updated projection - characterised by slower growth, elevated inflation and a higher unemployment trajectory for 2025-2027 - suggest a stagflationary undertone, which could weigh on risk appetite," he said. Sedek added that growth-sensitive sectors may face headwinds as the policy outlook remains uncertain.
Focus Malaysia
13 hours ago
- Business
- Focus Malaysia
Bursa Malaysia closes mixed, CI ekes out small gain on bargain hunting
BURSA Malaysia ended the week mixed with the benchmark index climbing 0.08 per cent, as bargain hunting emerged following the recent sell-off, said an analyst. At 5 pm, the FBM KLCI rose 1.30 points to 1,502.74 from Thursday's close of 1,501.44. The benchmark index opened 0.50 of-a-point lower at 1,500.94 and moved between 1,500.04 and 1,507.97 throughout the trading session. However, the broader market was negative, with 517 decliners outpacing 319 gainers, while 505 counters were unchanged, 1,083 untraded and 25 suspended. Turnover dropped to 2.60 bil units worth RM3.37 bil compared with Thursday's 2.81 bil units valued at RM1.69 bil. —June 20, 2025
Borneo Post
27-05-2025
- Business
- Borneo Post
Abd Karim: Sarawak rolls out major tourism projects, including craft centre
Photo shows the State Legislative Assembly complex in Kuching. – Bernama photo KUCHING (May 27): The Sarawak Craft Centre is scheduled for implementation in 2026 as part of the state's ongoing efforts to enhance its tourism infrastructure, Dato Sri Abdul Karim Rahman Hamzah. The Tourism, Creative Industry and Performing Arts Minister stated that the centre will serve as a platform to preserve and promote the state's unique craft heritage. 'The centre will become a dedicated space for local artisans to sell crafts, preserve artistic traditions and promote Sarawak's craft heritage,' he said when delivering his ministerial winding up speech during the State Legislative Assembly (DUN) sitting today. Abdul Karim pointed out that the project is one of several major infrastructure developments being rolled out by the Sarawak government to boost tourism and improve accessibility across the state. Among them is the transformation of the historic Old DUN Building into a world-class performing arts centre, which is set for completion by the end of 2027. He said the venue, inspired by London's Royal Albert Hall, aims to attract international-standard performances. Abdul Karim said the MBKS Swimming Pool will also be redeveloped into a Water Fun Park and the Centre of Unesco Creative City of Gastronomy, scheduled for completion in early 2026. 'This centre aims to highlight Kuching's food heritage and support local creative industries,' he added. In Lundu and Sematan, Abdul Karim said a Tourists Support Centre is slated for completion by the end of this year. 'The project is part of a broader effort to develop tourism in Lundu and Sematan,' he added. Abdul Karim said through collaboration with the federal Ministry of Tourism, Arts and Culture (Motac), his ministry has secured an additional RM3.37 million to fund 15 projects focused on upgrading and repairing tourism facilities and homestays across Sarawak. These include upgrading of tourism facilities will be carried out at Telaga Air Waterfront, Bako National Park, Bukit Lambir National Park, and the jungle trekking trail at Taman Tumbina. 'Visitor facilities at the Tun Ahmad Zaidi Nature Reserve in Sibu will also be upgraded and repaired. 'Additionally, tourism facilities will be upgraded at Homestay Santubong, Homestay Lobang Batu, and Homestay Rumah Margretta Kerangan Buloh in Julau,' said Abdul Karim. Abdul Karim also noted that this year marks the end of the 12th Malaysia Plan (2021–2025), with preparations underway for the 13th Malaysia Plan (2026–2030). 'I hope the 13th Malaysia Plan will greatly elevate the tourism sector and ensure its contribution to Sarawak's development and prosperity by 2030,' he said. Abdul Karim Rahman Hamzah lead project tourism infrastructure
