Stocks on Bursa Malaysia ticked higher and kept the FBM KLCI on course for its best close since early June 2022.

At the midday break on Friday, the benchmark index had gained 0.06% or 0.99 point to 1,546.48. The index earlier rose to a high of 1,551.15.

KLCI on course for best close since early June 2022

Stocks on Bursa Malaysia were mixed at midday on Thursday, resulting in the FBM KLCI extending its downtrend to remain lower at noon close.

At 12.30pm, the benchmark index ended the morning trading session 7.18 points or 0.46% lower at 1,545.22. It opened lower at 1,550.71.

KLCI remains lower at midday

After recording a 20-month high on Tuesday, stocks on Bursa Malaysia took a breather and the benchmark FBM KLCI ended Wednesday’s morning trading session slightly lower, with all sectors mostly in the red ahead of the Federal Open Market Committee (FOMC) meeting minutes for the first monetary policy meeting of 2024 later in the night.

Bursa stocks take a breather as most sectors fall into the red

The FBM KLCI charted a fresh 20-month high at midday on Tuesday while Malaysian energy shares surged and plantation stocks also rose.

At 12.30pm, the country's benchmark index gained 0.52% or 8.04 points to 1,546.65, its highest since June 3, 2022.

KLCI extends gain to fresh 20-month high, energy stocks surge

The FBM KLCI hovered at its highest since mid-2022 at Monday's midday break, having see-sawed during the morning session, against the backdrop of slower-than-expected economic growth in the fourth quarter of 2023.

KLCI hovering at highest level since mid-2022 in choppy trade

Bursa Malaysia maintained its upbeat momentum to close the morning session higher in sync with the regional market performance. 

At lunch break, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 9.05 points to 1,445.54 from Wednesday’s close of 1,436.49.

Bursa remains higher at midday, in sync with regional peers

Bursa Malaysia ended the morning trading session on a positive note as buying of selected heavyweights, led by Petronas Chemicals Group Bhd, Press Metal Aluminium Holdings Bhd and Public Bank Bhd, continued to support its key index, a dealer said.

Bursa higher at lunch break

KUALA LUMPUR (Sept 14): The FBM KLCI opened lower on Wednesday (Sept 14) following overnight losses on Wall Street, which occurred due to an unexpected uptick in the US’ August inflation figures. The benchmark index remained in negative territory throughout the morning session.

KLCI down 0.84%, tracks regional stumble on overnight Wall St plunge

Bursa Malaysia ended the morning trading session mixed, with the benchmark index rising slightly by 0.16% amid peaking buying interest in plantation-related stocks.

Bursa mixed at midday, KLCI up 2.22 points

Bursa Malaysia remained lower at midday today on lack of positive catalysts to fuel the market.

At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) shed 14.11 points to 1,577.21 from Tuesday’s close of 1,591.32.

Bursa Malaysia lower at midday

Bursa Malaysia remained mixed at midday today, with the key index in negative territory amid lack of buying momentum in selected heavyweights.

Bursa Malaysia mixed at midday

The key index pared earlier gains but remained in positive territory at the midday break on the back of cautious sentiment in the broader market. 

At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) added 4.5 points to 1,587.02 from last Wednesday's close of 1,582.52.

FBM KLCI pares gains but remains positive amid cautious sentiment

Bursa Malaysia ended the morning trading session easier, driven by persistent selling in selected heavyweights amid mixed sentiment in the regional markets, dealers said.

Bursa Malaysia ends morning session easier

Bursa Malaysia ended the morning trading session lower as the weak market sentiment following the rising local Covid-19 cases took a toll on investors’ risk appetite.

Bursa Malaysia remains lower at midday

KUALA LUMPUR (Nov 24): Sime Darby Property Bhd (KL:SIMEPROP) took the No 1 spot at this year’s The Edge Malaysia Top Property Developers Awards (TPDA). This is the second time it has done so, the first time being in 2009. It was also the joint winner of the Best in Qualitative Attributes sub-award this year.

Sime Darby Property takes top spot at The Edge Malaysia Top Property Developers Awards 2024

(Nov 23): The US government’s debt load is now seen as the biggest risk to financial stability, outweighing persistent inflation in a Federal Reserve survey.

“Concerns surrounding US fiscal debt sustainability were atop the list this survey, followed by escalating tensions in the Middle...

US debt load tops Fed’s survey of financial stability risks

Indian Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) and its ally scored a landslide victory in Maharashtra, the country's richest state, while the opposition bloc performed strongly in Jharkhand, a mineral-rich region.

Modi's BJP wins richest state of India in elections; opposition retains mineral-rich region

Nato secretary general Mark Rutte met US President-elect Donald Trump in Florida as Europe waits apprehensively to see how the next administration will approach the war in Ukraine.

Nato’s Rutte meets Trump in Florida amid fears over Ukraine aid

There is still no evidence to show that the pollution at Pantai Esen in Permatang Damar Laut, Batu Maung near here is due to reclamation works for the man-made Silicon Island.

No evidence Pantai Esen pollution due to Silicon Island reclamation works — exco

China's Huawei, blacklisted by the US, said on Saturday it is targeting 100,000 applications for its Harmony operating system (OS) in coming months as it seeks widespread help to achieve self-reliance.

Huawei aims 100,000 apps on Harmony OS in six to 12 months

Prime Minister Datuk Seri Anwar Ibrahim reaffirmed the Madani government's commitment to prioritising the welfare of the people across all states, including those led by the opposition, by steadily increasing their allocations.

Govt committed to raising allocations to all states — PM

The founding family of Japan's Seven & i Holdings has approached KKR & Co and other investment firms about participating in the potential buyout of the retailer, the Nikkei newspaper reported on Saturday.

Seven & i founding family sounded out KKR, others about buyout — Nikkei

The European Union (EU), US and other wealthy countries at the COP29 climate summit have agreed to raise their offer of a global finance target to US$300 billion (RM1.34 trillion) per year by 2035, sources told Reuters on Saturday.

Wealthy countries back raising COP29 climate deal to US$300b, Reuters reports

The Selangor State Development Corporation (PKNS) is set to launch about 12 projects with a gross development value (GDV) of RM1.5 billion in 2025, reflecting its commitment to advancing Selangor’s property market, said group chief executive officer Datuk Mahmud Abbas.

PKNS to launch property projects with RM1.5b GDV in 2025

<p>KUALA LUMPUR (Nov 24): Sime Darby Property Bhd (KL:SIMEPROP) took the No 1 spot at this year’s The Edge Malaysia Top Property Developers Awards (TPDA). This is the second time it has done so, the first time being in 2009. It was also the joint winner of the Best in Qualitative Attributes sub-award this year.&nbsp;</p>


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