KUALA LUMPUR, Aug 21 — Bursa Malaysia stayed firm at mid-afternoon on continued support for selected heavyweights, led by industrial products and trade and services-related counters, dealers said. At 3pm, the benchmark FTSE Bursa Malaysia KLCI…
KUALA LUMPUR, Aug 21 — Bursa Malaysia extended its uptrend to mid-day, boosted by continued buying in blue chips and selected heavyweights, a dealer said. At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.78 points to 1,791.36…
KUALA LUMPUR, Aug 20 — Bursa Malaysia closed higher today on continued buying in selected heavyweights led by Petronas Chemicals, as well as mid and small-cap stocks, in sync with most regional peers, dealers said. At 5pm, the benchmark FTSE Bursa…
KUALA LUMPUR: After a slow start at the open, the FBM KLCI moved higher into positive territory, lifted by Petronas Chemicals, and ended the morning session up 4.5 points to 1,787.97. Trading volume was 1.18 billion shares valued at RM851.41mil. There were 335 gainers versus 417 decliners and 377 counters unchanged. Asian markets were cautiously optimistic as investors awaited more details on proposed trade talks about the US and China. Japan Nikkei moved between positive and negative territory, and traded 0.33% lower at midday. Shanghai’s Composite Index was upRead More
KUALA LUMPUR, Aug 17 — Bursa Malaysia ended on a positive note today following continued buying momentum in selected heavyweights led by Public Bank, and lower liners, dealers said. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM…
KUALA LUMPUR: Bursa Malaysia ended on a positive note today following continued buying momentum in selected heavyweights led by Public Bank, and lower liners, dealers said.
At 5 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 6.20 points or 0.35% firmer at 1,783.47 from Thursday's close of 1,777.27.
The index opened 3.37 points higher at 1,780.64 and moved between 1,780.26 and 1,785.03 throughout the trading session.
On the broader market, gainers outpaced losers 466 to 403 with 451 counters unchanged, 561 untraded and 30 others suspended.
Volume eased to 2.0 billion units valued at RM2.03 billion from 2.10 billion units worth RM1.91 billion on Thursday.
M&A Securities Sdn Bhd Chief Dealing Officer R Sundararajah said market sentiment was boosted by news on the revival of trade talks between the US and China later this month and stronger corporate earnings by some companies in the US equity market.
“Closer to home, markets have yet to react on Bank Negara Malaysia's (BNM) announcement on the second-quarter gross domestic product (GDP) growth, which grew at 4.5% compared with 5.8% in the same period last year,” he told Bernama today.
Meanwhile, BNM had revised downwards the country's full-year GDP growth for 2018 to five per cent from the 5.5-6.0% projected earlier, due to prolonged disruptions in oil and gas production, and low production in the agriculture sector.
On the local bourse, heavyweights, Public Bank rose two sen to RM24.50 and CIMB added one sen to RM5.89.
Maybank was down one sen to RM9.78, Tenaga eased four sen to RM15.70 and Petronas Chemicals lost 10 sen to RM9.14.
Of the actives, QES perked two sen to 26.5 sen, Inari gave up 12 sen to RM2.28 while Euro bagged 2.5 sen to 23.5 sen.
Among top gainers, BAT increased 56 sen o RM35.90, IQ Group advanced 43 sen to RM1.88 and MPI was 34 sen higher at RM12.14.
The FBM Emas Index improved 40.84 points to 12,619.57, the FBMT100 Index climbed 41.38 points to 12,389.40 and the FBM 70 put on 44.98 points to 15,383.45.
The FBM Emas Shariah Index gained 46.19 points to 12,781.04 and the FBM Ace was 29.36 points higher at 5,552.40.
Sector-wise, the Finance Index shed 0.42 of-a-point to 17,388.79 but the Plantation Index was up 55.55 points to 7,627.19 and the Industrial Index rose 8.65 points to 3,232.90.
Main Market volume slipped to 1.25 billion shares worth RM1.84 billion, from 1.39 billion shares valued at RM1.72 billion on Thursday.
Warrants turnover declined to 329.55 million units valued at RM80.25 million, against 372.13 million units valued at RM105.98 million recorded yesterday.
Volume on the ACE Market increased to 412.33 million shares valued at RM106.64 million, versus Thursday's 339.35 million shares valued at RM80.82 million.
Consumer products accounted for 125.38 million shares traded on the Main Market, industrial products (271.68 million), construction (111.78 million), trade and services (412.80 million), technology (151.27 million), infrastructure (13.94 million), SPAC (3.07 million), finance (44.38 million), hotels (292,300), properties (98.76 million), plantations (21.04 million), mining (10,600), REITs (2.44 million), and closed/fund (5,000). — Bernama
Public Bank’s earnings forecasts trimmed for 2018/19/20 marginally by 1-2%, rising deposit competition
PETALING JAYA: Public Bank Bhd, which saw its net profit surge by 4.8% to RM1.40bil in the second quarter ended June 30 2018 (Q2 18), may face some pressure in net interest margin (NIM) for its full-year due to intense fixed deposit competition. UOB Kay Hian on Thursday said first half NIM remained relatively stable at 2.28% while as expected, Q2 18 NIM normalised downwards by 9 basis points (bps) as the lag effect of deposit re-pricing post the interest rate hike kicked in. Intensifying fixed deposit competition is expected toRead More
KUALA LUMPUR, Aug 16 — Bursa Malaysia opened lower today weighed down by selling activities in most heavyweights, taking the cue from the weaker performance on Wall Street and European stock markets overnight, dealers said. At 9.05am, the…
KUALA LUMPUR: Asian markets opened to red again on Thursday as Turkey’s fiscal troubles continued to raise investor concerns over emerging markets. This was compounded by a decline in technology stocks overnight on Wall Street as Tencent’s US-based shares led the sector lower. Japan’s Nikkei slipped to a loss of 1.1% in early morning trade, hot on the heels of pullbacks in all major US and European indices. At 9.05am, the FBM KLCI was down 4.46 points to 1,781.48. Trading volume was 136.07 million shares valued at RM50.39mil. There wereRead More
KUCHING: Public Bank Bhd (Public Bank) recorded pre-tax profit of RM3.55 billion, a growth of 5.5 per cent from the corresponding period in 2017 for the first half of the year ended June 30, 2018. The group’s net profit attributable to shareholders increased by 8.6 per cent to RM2.8 billion. Public Bank founder and chairman […]