KUALA LUMPUR, June 9 — Bursa Malaysia opened slightly lower today with the key index slipping 0.06 per cent even as investors continued to participate in the broader market despite lingering concerns over the West Asia conflict.

At 9.07 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) erased 1.15 points to 1,678.37 from Monday’s close of 1,679.52.

The index opened 8.41 points higher at 1,687.93.

Market breadth was positive, as gainers led losers 202 to 133, while 266 counters were unchanged, 2,074 untraded, and 13 suspended.

Turnover stood at 347.09 million shares worth RM100.95 million.

In a research note, Malacca Securities said it expects Wall Street to stage a rebound with US President Donald Trump’s demand for a ceasefire in the West Asia conflict.

“A rebound on Wall Street may spill over to the local bourse today. Meanwhile, with the ringgit weakening towards the 4.07 level against the US dollar, we expect buying interest to be sustained in export-oriented sectors such as gloves. Top Glove and Hartalega are pending breakouts,” it said.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said Monday’s event may have turned on the risk-off button. Hence, expect a consolidation to emerge. The index may trend between the 1,675-1,690 range today.

Among heavyweights, Maybank erased six sen to RM10.64, Public Bank added two sen to RM4.80, Tenaga advanced four sen to RM14.24, CIMB Group was four sen lower at RM7.35, and IHH Healthcare removed seven sen to RM8.53.

Among the active stocks, Hong Seng Consolidated gained half-a-sen to 1.5 sen, Tanco lost 19 sen to 93 sen, TFP Solutions improved 1.5 sen to seven sen, GIIB and Land and General were both flat at 46 sen and 16 sen, respectively.

As for the top gainers, Nestle was RM1.3 higher at RM93.0, Malaysian Pacific Industries improved 60 sen to RM46.10, Petronas Dagangan and Vitrox added 16 sen each to RM18.76 and RM6.90, respectively. 

Among the top losers, United Plantations was 26 sen lower at RM31.74, FACB Industries was 19 sen lower at RM1.66, Hong Leong Bank was eight sen lower at RM20.88, and IHH Healthcare slipped seven sen to RM8.53.

On the index board, the FBM Emas Index fell 2.84 points to 12,467.24, while the FBM Top 100 Index eased 9.06 points to 12,306.43, and the FBM Emas Shariah Index edged up 8.29 points to 12,451.33.

The FBM Mid 70 Index gave up 16.02 points to 17,994.37, and the FBM ACE Index edged up 29.99 points to 4,678.37.

By sector, the Financial Services Index shrank 28.77 points to 19,531.71, while the Industrial Products and Services Index eased 0.08 of a point to 196.93, the Energy Index slid 3.92 points to 787.02, and the Plantation Index trimmed 22.27 points to 8,703.13. — Bernama

KUALA LUMPUR, June 5 — Bursa Malaysia ended on a firmer note today, outperforming a broadly weaker regional market, as local sentiment was supported by bargain hunting in oversold blue-chip stocks following the benchmark index’s recent slide.

IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said Bursa Malaysia’s rebound from yesterday’s losses came despite a cautious regional backdrop, with most Asian markets mirroring Wall Street’s overnight decline, amid concerns that persistent inflation could limit the scope for near-term US Federal Reserve rate cuts.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 10.52 points, or 0.62 per cent, to 1,683.26 from Wednesday’s close of 1,672.74.

The index, which opened 1.75 points higher at 1,674.49, moved between 1,673.70 and 1,689.83 throughout the day.

Despite gains in the key index, market breadth remained negative, with losers outnumbering gainers 678 to 525, while 531 counters were unchanged, 924 untraded, and 12 suspended.

Turnover trimmed to 3.47 billion units valued at RM3.58 billion compared with 3.85 billion units valued at RM4.69 billion on Wednesday.

Regionally, Hong Kong’s Hang Seng Index fell by 1.48 per cent to 25,253.40, Singapore’s Straits Times Index went down 1.38 per cent to 5,067.53, Japan’s Nikkei 225 dipped 1.36 per cent to 67,470.69, and South Korea’s KOSPI Composite Index tumbled 1.84 per cent to 8,639.41.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said hopes for progress in US-Iran negotiations faded after reports emerged that Tehran had suspended indirect discussions with Washington.

“Back home, sentiment remains fragile as foreign investors continue to trim their positions while global uncertainties linger.

“While bargain hunting may continue to provide some support to the market, investors are likely to remain selective amid concerns over geopolitical developments, the global interest rate outlook, and the direction of foreign fund flows,” he told Bernama.

Among heavyweights, Maybank jumped 18 sen to RM10.60, Public Bank increased four sen to RM4.78, Tenaga Nasional gained two sen to RM14.10, CIMB firmed 15 sen to RM7.35, and IHH added three sen to RM8.79.

Of the active stocks, Pharmaniaga bagged 3.5 sen to 29 sen, SKP Resources perked up 2.5 sen to 37.5 sen, while VS Industry and Velesto were half a sen lower at 21.5 sen and 30 sen, respectively, and Zetrix was flat at 82.5 sen.

As for the top gainers, Nestle rose RM1.60 to RM95.12, United Plantations put on RM1.18 to RM31.30, KL Kepong advanced 70 sen to RM20.20, Batu Kawan climbed 56 sen to RM20.16, and SD Guthrie garnered 20 sen to RM6.04.

Among the top losers, Malaysian Pacific Industries dropped RM1.46 to RM47.44, Fraser & Neave fell 78 sen to RM26.88, Press Metal slid 28 sen to RM9.00, while UWC and Pentamaster lost 26 sen each to RM5.61 and RM4.25, respectively. — Bernama

KUALA LUMPUR, June 10 — Bursa Malaysia edged up 0.04 per cent at the opening on Wednesday amid cautious global market sentiment, despite easing crude oil prices and the absence of local catalysts.

At 9.10 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) perked up 0.68 of a point to 1,676.18 from yesterday’s close of 1,675.50.

The index opened 0.55 of a point higher at 1,676.05.

Losers led gainers in the broader market, by 234 to 129, while 299 counters were unchanged, 2,028 untraded, and 14 suspended.

Turnover stood at 261.0 million shares worth RM115.8 million.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said market sentiment remains cautious despite the easing crude oil prices, with Brent crude dipping to around the US$91 per barrel.

“We noticed that the broad market is rather well supported at current levels, though the index remained stuck in a correction phase.

“Thus, in the absence of any clear catalysts, we expect the index to oscillate within a narrow range of between 1,670 and 1,680 today,” he added.

Among heavyweights, Maybank gained two sen to RM10.64, Public Bank advanced four sen to RM4.81, Tenaga Nasional improved six sen to RM14.20, but CIMB declined two sen to RM7.35. 

Among the active stocks, Hong Seng Consolidated was flat at 1.5 sen, Tanco was down 7.5 sen to 72.5 sen, Land and General and VS Holdings both lost half-a-sen to 16 sen and 19.5 sen, respectively, while Capital A fell one sen to 40.5 sen.

As for the top gainers, Concrete Engineering was 20 sen higher at RM5.10, Ajinomoto added 12 sen to RM15.60, Itmax and IOI Corporation were five sen higher at RM4.83 and RM4.27, respectively, while KPJ Healthcare and Sarawak Oil Palms were four sen better at RM3.20 and RM4.69, respectively.   

Among the top losers, Nestle was 28 sen lower at RM94.16, MN Holdings warrant was 15 sen lower at RM2.29, Unisem improved 12 sen to RM4.71, Chin Teck erased 10 sen to RM10.80, and Malayan Cement dipped nine sen to RM6.80.

On the index board, the FBM Emas Index fell 1.41 points to 12,450.55, while the FBM Top 100 Index eased 2.33 points to 12,289.66, and the FBM Emas Shariah Index edged down 8.34 points to 12,427.04.

The FBM Mid 70 Index gave up 34.77 points to 17,966.99, and the FBM ACE Index was down 19.31 points to 4,708.37.

By sector, the Financial Services Index accumulated 29.59 points to 19,526.47, while the Industrial Products and Services Index eased 0.55 of a point to 196.13, the Energy Index slid 4.72 points to 782.91, and the Plantation Index trimmed 29.76 points to 8,772.20. — Bernama

KUALA LUMPUR, June 3 — Bursa Malaysia’s benchmark index reversed earlier gains to end lower today, weighed down by losses in telecommunications and banking sectors, despite a broadly positive performance across Asian markets.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the local market remains under pressure amid lingering concerns over geopolitical tensions, elevated oil prices and uncertainty surrounding the global interest rate outlook.

At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 10.33 points, or 0.61 per cent, to finish at its intraday low of 1,672.74 compared with Friday’s close of 1,683.07.

The local bourse resumed trading after being closed on Monday and Tuesday for public holidays.

The benchmark index opened 4.06 points higher at 1,687.13 and climbed to an intraday high of 1,693.09 during the morning session before losing momentum to end the day lower.

Market breadth was negative, with decliners outnumbering advancers 702 to 517, while 535 counters were unchanged, 849 untraded, and 13 suspended.

Turnover fell to 3.85 billion units valued at RM4.69 billion compared with 4.94 billion units valued at RM10.74 billion on Friday. 

Thong said the FBM KLCI gave erased earlier gains and closed lower as investors stayed on the sidelines and avoided aggressive buying, amid expectations that market sentiment would remain cautious and trading activity selective in the near term.

“That said, the recent pullback has pushed the market closer to an oversold position, which could attract bargain-hunting interest, particularly in fundamentally strong blue-chip stocks,” he told Bernama.

Meanwhile, IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said robust US labour market data and resilient inflation readings have reinforced expectations that the US Federal Reserve may keep interest rates unchanged for a longer period.

However, he said that the weakness in local banking stocks was more likely due to sector rotation and profit-taking rather than a direct reaction to the US economic data.

Among heavyweights, Maybank lost 22 sen to RM10.42, Tenaga Nasional dropped 20 sen to RM14.08, CIMB slipped 28 sen to RM7.20, and IHH trimmed 25 sen to RM8.76. Public Bank increased by three sen to RM4.74.

Among active stocks, ACE Market debutant Bus Cap gained 8.5 sen to 31.5 sen, Zetrix bagged two sen to 82.5 sen, VS Industry edged up 1.5 sen to 22 sen, Top Glove added five sen to 85.5 sen, while Nationgate was four sen lower at 84 sen.

Top gainers included Nestle, which garnered RM2.52 to RM93.52, while Petronas Dagangan jumped 86 sen to RM18.60, Malayan Cement increased 40 sen to RM6.94, Ajinomoto climbed 38 sen to RM14.24, and Petronas Chemicals advanced 31 sen to RM5.52.

As for the top losers, United Plantations declined 96 sen to RM30.12, Kuala Lumpur Kepong decreased 82 sen to RM19.50, Fraser & Neave dipped 64 sen to RM27.66, Batu Kawan retreated 36 sen to RM19.60, and Hong Leong Industries slid 34 sen to RM18.66. 

On the index board, the FBM Emas Index shaved off 67.44 points to 12,512.68, the FBM Top 100 Index shrank 70.04 points to 12,347.50, and the FBM Emas Shariah Index fell 22.69 points to 12,581.38.

The FBM Mid 70 Index slipped 78.10 points to 18,406.22 and the FBM ACE Index declined 38.15 points to 4,725.66.

By sector, the Industrial Products and Services Index edged up 2.97 points to 200.79, the Financial Services Index tumbled 203.26 points to 19,321.03, the Plantation Index slid 49.11 points to 8,450.43, while the Energy Index increased 9.26 points to 788.01.

The Main Market volume dwindled to 2.20 billion units valued at RM4.34 billion from 3.56 billion units valued at RM10.15 billion on Friday.

Warrants turnover expanded to 969.97 million units valued at RM115.65 million from 830.47 million units valued at RM105.18 million previously.

The ACE Market volume swelled to 671.50 million units valued at RM228.81 million from 550.09 million units valued at RM218.76 million last Friday.

Consumer products and services counters accounted for 276.10 million shares traded on the Main Market, industrial products and services (587.97 million), construction (192.26 million), technology (315.62 million), financial services (155.95 million), property (115.25 million), plantation (38.91 million), real estate investment trusts (22.02 million), closed-end fund (22,900), energy (143.26 million), healthcare (192.62 million), telecommunications and media (62.33 million), transportation and logistics (29.21 million), utilities (76.46 million), and business trusts (384,900). — Bernama

KUALA LUMPUR, June 5 — Bursa Malaysia closed higher, with the benchmark index rising 0.60 per cent as bargain-hunting persisted following the recent sell-off, despite weaker performances across regional markets.

At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 10.17 points to 1,693.43 from Thursday’s close of 1,683.26.

The benchmark index opened 3.19 points higher at 1,686.45 and traded between 1,684.36 and 1,698.53 during the trading session.

However, broader market sentiment remained negative, with losers outnumbering gainers 666 to 477. A total of 574 counters were unchanged, 958 untraded and 12 suspended.

Turnover fell to 3.41 billion units worth RM3.04 billion from 3.47 billion units worth RM3.58 billion on Thursday.

Regionally, Hong Kong’s Hang Seng Index fell 1.45 per cent to 24,961.95, Singapore’s Straits Times Index slipped 0.40 per cent to 5,047.28, Japan’s Nikkei 225 declined 1.31 per cent to 66,588.12, and South Korea’s KOSPI Composite Index tumbled 5.54 per cent to 8,160.59.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said key regional indices closed lower as profit-taking in technology stocks persisted.

“Market attention is now focused on the upcoming US nonfarm payrolls data for May, due later today, as investors seek further clues on the health of the world’s largest economy. Meanwhile, a slew of economic data from China next week is expected to influence regional sentiment,” he told Bernama.

Among heavyweights, Maybank rose 20 sen to RM10.80, Public Bank added nine sen to RM4.87, Tenaga Nasional and CIMB gained four sen each to RM14.14 and RM7.39, respectively, while IHH Healthcare advanced six sen to RM8.85.

Among active stocks, Hap Seng, Zetrix and GIIB were unchanged at one sen, 82.5 sen and 47 sen, respectively. CBH Engineering gained six sen to 68 sen, while Pharmaniaga fell 1.5 sen to 27.5 sen.

Among the top gainers, United Plantations surged 90 sen to RM32.20, Concrete Engineering climbed 69 sen to RM3.34, Petronas Dagangan gained 46 sen to RM19.24, Hong Leong Bank advanced 34 sen to RM21.32, and Dutch Lady rose 28 sen to RM33.00.

Among the top losers, Nestle trimmed 84 sen to RM94.28, Malaysian Pacific Industries shed 64 sen to RM46.80, UMS Integration lost 23 sen to RM8.00, Kelington declined 25 sen to RM7.65, and Fraser & Neave dropped 48 sen to RM26.40.

On the index board, the FBM Emas Index rose 40.54 points to 12,602.06, the FBM Top 100 Index increased 43.97 points to 12,441.90, while the FBM Emas Shariah Index shed 2.50 points to 12,570.15.

The FBM Mid 70 Index declined 66.35 points to 18,299.60, while the FBM ACE Index added 9.30 points to 4,733.24.

By sector, the Financial Services Index jumped 238.82 points to 19,784.31, the Energy Index climbed 3.82 points to 796.20, the Industrial Products and Services Index inched up 0.31 of-a-point to 198.74, while the Plantation Index fell 27.41 points to 8,671.54.

Main Market volume narrowed to 1.78 billion units valued at RM2.67 billion from 2.11 billion units valued at RM3.29 billion on Thursday.

Warrants turnover rose to 1.07 billion units valued at RM158.92 million from 933.20 million units valued at RM131.84 million previously.

ACE Market volume increased to 557.48 million units valued at RM208.90 million from 428.13 million units valued at RM162.39 million yesterday.

Consumer products and services counters accounted for 236.51 million shares traded on the Main Market, followed by industrial products and services (306.21 million), construction (138.56 million), technology (481.77 million), financial services (77.83 million), property (174.38 million), plantation (41.74 million), real estate investment trusts (11.70 million), closed-end funds (12,300), energy (82.91 million), healthcare (111.00 million), telecommunications and media (43.88 million), transportation and logistics (28.68 million), utilities (47.09 million), and business trusts (26,200). — Bernama

KUALA LUMPUR, June 8 — AMMB Holdings Bhd’s wholly-owned subsidiary AmBank (M) Bhd has signed a conditional agreement to acquire Menara AmBank at Jalan Yap Kwan Seng, Kuala Lumpur, along with the related assets and rights, for RM331 million.

AMMB said the bank, which is the building’s anchor tenant, is buying the property, together with all tenancies, licences, operational assets and essential contracts for its operation and maintenance, from Maybank Trustees Bhd, which is acting as trustee on behalf of AmFirst Real Estate Investments Trust (REIT).

AmBank is a substantial unitholder of AmFirst REIT, owning 26.73 per cent of the units.

In a filing with Bursa Malaysia today, AMMB said the proposed acquisition is an opportunity for AmBank to own the freehold building in which its offices are located.

Being the owner allows the bank to secure its long-term office tenure and also potentially mitigate increases in costs and expenses incurred in connection with its occupation of Menara AmBank, it said.

“In view of the strategic location of Menara AmBank, AMMB believes that the proposed acquisition is aligned with the group’s office location strategy,” it added.

Subject to all approvals being obtained, AMMB said, the proposed acquisition is expected to be completed in the 4th quarter of 2026.

It added that the proposed purchase will not have any effect on the issued share capital of AMMB and the shareholdings of the substantial shareholders of the company, as it does not involve the issuance of new AMMB shares. — Bernama

KUALA LUMPUR, June 8 — Bursa Malaysia recorded a decline of 0.82 per cent at the close today with the diversified composition of the FTSE Bursa Malaysia KLCI (FBM KLCI) helping to cushion the impact of global market weakness.

Global markets were jittery amid resurfacing geopolitical tensions in West Asia and heavy selling in global technology counters.

At 5 pm, the FBM KLCI finished 13.91 points lower at 1,679.52 from last Friday’s close of 1,693.43.

The benchmark index opened 9.89 points weaker at 1,683.54 and traded between 1,676.95 and 1,684.14 throughout the session.

Losers surpassed gainers in the broader market by 916 to 340, while 455 counters were unchanged, 964 untraded and 13 suspended.

Turnover inched up to 3.48 billion units worth RM2.92 billion from 3.41 billion units worth RM3.04 billion  last Friday.

Regionally, Hong Kong’s Hang Seng Index fell 1.22 per cent to 24,657.06, Singapore’s Straits Times Index slipped 1.65 per cent to 4,966.47, Japan’s Nikkei 225 declined 3.85 per cent to 64,024.60 and South Korea’s KOSPI Composite Index, which was halted earlier after it plunged more than eight per cent, tumbled 8.29 per cent to 7,484.41.

IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said Bursa Malaysia demonstrated notable resilience relative to its regional peers despite ending in negative territory.

“The decline in the FBM KLCI was considerably milder than those recorded in major regional markets such as South Korea, Taiwan, Japan, Vietnam and even Singapore, where equities came under greater pressure amid the global risk-off environment,” he said.

Mohd Sedek added that the FBM KLCI has a lower concentration of technology stocks compared with many regional benchmarks.

“While technology-heavy markets were more vulnerable to the sharp correction in US semiconductor and AI-related stocks, the diversified composition of the FBM KLCI helped cushion the impact of the external shock,” he said.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said Brent crude rose above US$97 per barrel on concerns over supply disruptions.

“As for Bursa Malaysia, investors are cautious due to the potential impact of elevated oil prices on global inflation and interest rate expectation due to the geopolitical tensions,” he added.

Persistent foreign selling and the lack of strong market catalysts may continue to weigh on sentiment in the near term, he said.

“While bargain hunting could emerge intermittently following the recent correction, investors are likely to remain selective amid the uncertain external environment. As such, we anticipate the FBM KLCI to remain volatile and trade with a cautious tone, trending within the 1,670-1,690 range for the week,” he said.

Among the heavyweights, Maybank erased 10 sen to RM10.70, Public Bank retreated nine sen to RM4.78, Tenaga Nasional added six sen to RM14.20, IHH Healthcare lost 25 sen to RM8.60 while CIMB was flat at RM7.39.

Among the active stocks, Zetrix AI slipped half-a-sen to 82 sen, TFP Solutions was 2.5 sen better at 5.5 sen, Top Glove rose three sen to 84.5 sen while Hong Seng Consolidated and VS Industry were flat at one sen and 21 sen respectively.

As for the top gainers, Concrete Engineering jumped 65 sen to RM3.99, Ideal Capital surged 30 sen to RM4.10, PJBumi advanced 18 sen to RM3.45, and Kim Loong racked up 15 sen to RM2.70.

Among the top losers, Nestle gave up RM2.28 to RM92.00, Malaysian Pacific Industries dipped RM1.30 to RM45.50, Petronas Dagangan weakened 64 sen to RM18.60, Tanco was 47 sen lower at RM1.12.

Hong Leong Bank was 36 sen easier at RM20.96 and Hong Leong Financial was 34 sen lower at RM18.50.

Meanwhile, technology stocks, Nationgate Holdings down 3.5 sen to 76 sen, ViTrox Corporation lost 16 sen to RM6.74, Northeast Group erased six sen to RM1.00, Frontken Corporation was down 11 sen to RM4.81, Inari Amerton was two sen easier at RM2.23 and Unisem was 17 sen lower at RM4.90. 

On the index board, the FBM Emas Index fell 131.97 points to 12,470.08, the FBM Top 100 Index notched down 126.41 points to 12,315.49, and the FBM Emas Shariah Index declined 127.11 points to 12,443.04.

The FBM Mid 70 Index dropped 289.20 points to 18,010.39 and the FBM ACE Index edged down 84.86 points to 4,648.38.

By sector, the Financial Services Index shrank 223.82 points to 19,560.49, the Industrial Products and Services Index eased 1.73 points to 197.01, and the Energy Index slid 5.26 points to 790.94, but the Plantation Index gained 53.86 points to 8,725.40.

Main Market volume narrowed to 1.68 billion units valued at RM2.53 billion from 1.78 billion units valued at RM2.67 billion last Friday.

Warrants turnover rose to 1.25 billion units valued at RM188.07 million from 1.07 billion units valued at RM158.92 million previously.

ACE Market volume trimmed to 545.18 million units valued at RM194.35 million from 557.48 million units valued at RM208.90 million on Friday.

Consumer products and services counters accounted for 208.28 million shares traded on the Main Market, followed by industrial products and services (360.98 million), construction (132.83 million), technology (357.16 million), financial services (62.68 million), property (184.68 million), plantation (31.26 million), real estate investment trusts (15.12 million), closed-end funds (295,200), energy (106.22 million), healthcare (109.30 million), telecommunications and media (42.90 million), transportation and logistics (28.35 million), utilities (39.97 million), and business trusts (27,300). — Bernama