Bursa Malaysia

2023 - 1 - 9

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Image courtesy of "The Star Online"

Hopes for global economy spur gains on Bursa Malaysia (The Star Online)

KUALA LUMPUR: Bursa Malaysia held on to gains in the morning session as investors placed bets that US rate hikes would slow moving forward while China's ...

The sector gained 2% overall, led hgher by names such as MPI, up RM1.30 to RM31.30, Greatec rising 18 sen to RM4.88 and Unisem gaining eight sen to RM4.01. Among the most actively traded, CSH gained one sen to 5.5 sen, Cypark was up three sen to 68 sen and Nylex added 5.5 sen to 43 sen. China's composite index was up 0.5% to 3,174, Hong Kong's Hang Seng added 1.6% to 21,328 and Australia's ASX200 added 0.6% to 7,152. Meanwhile, the blue-chip rally was led by Maybank up three sen to RM8.80, Tenaga Nasional gaining five sne to RM9.49, MISC rising 10 sen to RM7.31 and IOI adding seven sen to RM3.98. At 12.30pm, the FBM KLCI was up 7.2 points to 1,487.75 while the broader market had 490 gainers compared with 332 decliners. It said the local stock market is likely to extend range bound trade, pending more clarity on domestic policies, inflation risks and global economic growth momentum.

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Image courtesy of "The Malaysian Reserve"

Bursa Malaysia opens higher, lifted by transportation and logistics... (The Malaysian Reserve)

BURSA Malaysia opened higher today, with the FTSE Bursa Malaysia KLCI (FBM KLCI) rising 0.31% to 1485.14 points on renewed buying interest, lifted mainly by ...

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Bursa opens higher, lifted by transportation and logistics stocks (The Edge Markets MY)

Bursa Malaysia opened higher on Monday (Jan 9), with the FBM KLCI rising 0.31% to 1485.14 points on renewed buying interest, lifted mainly by gains in ...

The Plantation index added 40.02 points to 6,930.19, and the Energy Index garnered 4.08 points to 781.67. PPB Group Bhd added two sen to RM17.70, and Sime Darby Plantation Bhd improved three sen to RM4.40. KNM Group Bhd was flat at 4.5 sen, and Cypark Resources Bhd eased 1.5 sen to 63.5 sen. On the index board, the FBM Emas Index gained 40.90 points to 10,673.23, the FBMT 100 Index strengthened by 39.06 points to 10,381.48, and the FBM Emas Shariah Index widened by 52.02 points to 10,887.89. The FBM 70 Index was higher by 79.55 points to 13,114.26, and the FBM ACE Index grew 31.19 points to 5,409.09. Sector-wise, transportation and logistics bagged 18.08 points to 940.25, the Financial Services Index went up 27.93 points to 16.443.41, and the Industrial Products and Services Index pushed up 0.64 of a point to 182.31. Among the heavyweights, MISC Bhd gained seven sen to RM7.28, while IOI Corp Bhd added five sen to RM3.96, and Genting Malaysia Bhd rose five sen to RM2.81. As for the actives, CSH Alliance Bhd went up half a sen to five sen, Nylex (Malaysia) Bhd climbed 3.5 sen to 41 sen, and DS Sigma Holdings Bhd ticked up two sen to 64 sen. KUALA LUMPUR (Jan 9): Bursa Malaysia opened higher on Monday (Jan 9), with the FBM KLCI rising 0.31% to 1,485.14 points on renewed buying interest, lifted mainly by gains in transportation and logistics stocks, said a dealer. "Although we anticipate buying to be broad-based, we reckon that buying interest should remain on the construction and tourism-related sectors today (Monday)," he added. On the home front, Thong reckoned that stock accumulation would continue, with the KLCI index expected to trend in the 1,480 and 1,495 range on Monday. Over in Hong Kong, the Hang Seng Index closed 60 points lower, but still capped a brilliant performance for the week, on improving confidence buoyed by economic-friendly moves from the Chinese government.

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Image courtesy of "Free Malaysia Today"

Buyers return to give Bursa a lift (Free Malaysia Today)

KUALA LUMPUR: Buying interest returned to Bursa Malaysia this morning, helping the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) chalk up a 0.31% gain in ...

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Bursa ends at intraday high, bolstered by China's reopening (Free Malaysia Today)

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) increased 12.87 points or 0.86% from Friday's close of 1,480.55. The market bellwether opened 4.01 ...

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Bursa Malaysia ends at intraday high (Malay Mail)

KUALA LUMPUR, Jan 9 — Bursa Malaysia ended at an intraday high of 1493.42 as the reopening of China's border has bolstered the outlook for the global ...

The ACE Market volume shrank to 761.99 million shares worth RM289.73 million from 797.13 million shares worth RM363.43 million on Friday. The Main Market volume was flat at 2.09 billion shares worth RM1.54 billion compared to Friday’s 2.09 billion shares worth RM1.19 billion The FBM 70 Index was 173.46 points better at 13,208.17 and the FBM ACE Index inched up 60.27 points to 5,438.17. Sector-wise, the Transportation and Logistics Index widened 32.30 points to 954.47 and the Technology Index was 1.50 points better to 64.67. The Financial Services Index rose 106.98 points to 16,522.46, the Plantation Index increased 77.97 points to 6,968.14, the Industrial Products and Services Index ticked up 0.84 of-a-point to 182.51 and the Energy Index perked up 17.94 points to 795.53. Consumer products and services counters accounted for 315.21 million shares traded on the Main Market, industrial products and services (929.17 million); construction (50.53 million); technology (261.06 million); SPAC (nil), financial services (56.00 million); property (106.07 million); plantation (24.37 million); REITs (10.61 million), closed/fund (400); energy (156.11 million); healthcare (82.42 million); telecommunications and media (27.70 million); transportation and logistics (53.05 million); and utilities (23.98 million). On the index board, the FBM Emas Index climbed 103.93 points to 10,736.27, the FBMT 100 Index bagged 100.64 points to 10,443.06, and the FBM Emas Shariah Index advanced 125.81 points to 10,961.68. Warrants turnover rose to 315.55 million units worth RM79.81 million from 279.76 million units worth RM61.91 million previously. As for the actives, Citaglobal eased half-a-sen to 34 sen, while CSH Alliance added 1.5 sen to six sen, L&P Global gained six sen to 57 sen, Cypark firmed half-a-sen to 65.5 sen and Nylex (M) was four sen higher at 41.5 sen. Thus, he expects Malaysia to benefit from the spillover effects on local equities and anticipated the FBM KLCI to test the 1,500 resistance this week. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) increased 12.87 points or 0.86 per cent from Friday’s close of 1,480.55. Turnover added to 3.18 billion units worth RM1.92 billion against Friday’s 3.16 billion units worth RM1.62 billion.

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Image courtesy of "Responsible-Investor.com"

Bursa Malaysia CEO: 'Prohibitive ESG conversations won't win any ... (Responsible-Investor.com)

The CEO of Malaysian stock exchange Bursa and finance sector veteran Muhamad Umar Swift thinks ESG may have run into an image problem outside the developed ...

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Take charge of our ESG... (The Malaysian Reserve)

IN THE almanac of bad investments, 2022 would go down in history as the year when the cryptocurrency bubble burst, and the ESG ratings got caught.

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Bursa Malaysia retreats after yesterday's gains to open lower (New Straits Times Online)

KUALA LUMPUR: Bursa Malaysia retreated from yesterday's gains to open lower on Tuesday amid mixed sentiments on Wall Street overnight following the United ...

Sector-wise, the Financial Services Index dipped 5.82 points to 16,516.64, the Industrial Products and Services Index eased 0.12 of-a-point to 182.39 and the Energy Index slipped 0.07 of-a-point to 795.46, and the Plantation Index fell 11.63 points to 6,956.51.-- BERNAMA On the index board, the FBM Emas Index weakened 23.21 points to 10,713.06, the FBMT 100 Index contracted 24.85 points to 10,418.20, and the FBM Emas Shariah Index slipped 34.10 points to 10,927.58. Meanwhile, the FBM ACE shed 12.80 points to 5,425.37 and the FBM 70 trimmed 25.06 points to 13,183.11 Of the actives, Tanco Holdings, Hong Seng Consolidated and Citaglobal improved half-a-sen each to 35 sen, 17 sen and 34.5 sen, respectively, while GDB Holdings gained 1.5 sen to 28.5 sen and L&P Global rose two sen to 59 sen. "Hence, expect it to trend in the 1,490-1,505 range today and expect buying interest to shift to telecommunication and banking stocks," he told Bernama. Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said following the US central bank forecast, the Dow Jones Industrial Average dropped 113 points while the Nasdaq was up by 66 points as the US 10-year yield eased to below the 3.53 per cent threshold.

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Bursa Malaysia to post up to RM68mil net profit in Q4? (New Straits Times Online)

KUALA LUMPUR: Kenanga Research expects Bursa Malaysia to register earnings between RM63 million and RM68 million for the fourth quarter (Q4) of 2022.

The firm said China's economic revitalisation could lead to an influx of demand and spending which could bring buoyancy to sentiment lest said measures were to be reinforced sooner than expected. "With this, we believe Bursa's Q4 2022 reported earnings to register between RM63 million and RM68 million," it said in a note. "We observed that peak trading occurred in days subsequent to the formation of the unity government while window dressing activities did bolster the final trading day.

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Weak sentiment on Wall Street leaves Bursa to open easier (Free Malaysia Today)

At 9.06am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 3.77 points to 1,489.65 from yesterday's close of 1,493.42. The market bellwether opened 3.02 ...

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IPO: ACE Market IPOs dominate in 2022 amid hunger for growth deals (The Edge Markets MY)

ACE Market listings dominated the initial public offering (IPO) market in 2022, accounting for 71%, or 25 of the total 35 companies, as investors sought to ...

Malaysia was the only country that saw an increase in deal value of 24.6%, despite a smaller increase in new listings (16.7%) this year in comparison to other regional neighbours,” says CIMB’s Jefferi. “There are others that we are still working on to ensure the best and optimal outcome is achieved for these companies. After a record-breaking 2021, the global IPO market proved otherwise in 2022. Growth will moderate but is expected to be at healthy levels against a gradual rate increase environment,” says Maybank’s Chooi. The construction services company is expected to list next month. In comparison, there were seven Main Market listings and 12 on the LEAP Market last year. Group Bhd in 2020, CTOS Digital Bhd in 2021 and Farm Fresh Bhd this year — was followed by smaller listings. “About 90% of the Malaysian economy is driven by small and medium enterprises. This shows that the market still has abundant liquidity looking for good investments,” says Chooi. “Bursa Malaysia saw the highest IPO volume this year since 2018, with a total of 35 listings raising RM3.5 billion. [In addition], requirements for the ACE Market are less stringent than the Main Market and there are companies on the ACE Market that are already meeting the criteria of the Main Market but choosing to stay put while upgrading themselves before the next move,” says Wong Kar Choon, who is Deloitte Malaysia’s disruptive events advisory country leader, adding that the number of ACE Market listings this year was impressive considering the economic climate. The index closed at 1,462.55 last Wednesday.

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