Bursa malaysia

KUALA LUMPUR: Bursa Malaysia recouped earlier losses to close on a positive note today, ahead of the weekend on bargain-hunting activities mostly in blue chips, as well as lower liners and small caps, despite rising concerns over the global and local economy. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.06 points to 1,637.30 from Thursday’s close of 1,632.24. After opening 0.71 of-a-point lower at 1,631.53, the benchmark index moved between 1,625.56 and 1,637.41 throughout the session. On the broader market, gainers led losers 447 to 395 with 383 counters unchanged, 680 untraded and 18 others suspended. Turnover rose to 2.82 billion shares worth RM2.11 billion from 2.68 billion shares worth RM1.95 billion on Thursday. The gainers included United Plantation which added 40 sen to RM26.60, BLD Plantation advanced 29 sen to RM6.96, Amway rose 21 sen to RM6.17, Nestle increased 20 sen to RM146.50, Thong Guan Industries gained 16 sen to RM2.81 and Ekovest perked up … [Read more...] about Bursa Malaysia ends on positive note ahead of weekend

KUALA LUMPUR: Bursa Malaysia opened higher, but then turned lower thereafter, in line with regional peers and the weaker overnight performance on the Wall Street. At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 0.08 of-a-point to 1,642.21, from Tuesday’s close of 1,642.29. The benchmark index opened 0.17 point better at 1,642.46. The market was closed yesterday on Labour Day. RHB Investment Bank Bhd in a note said the market was jittery as the US Federal Reserve (Fed) held interest rates steady and showing little appetite to adjust them any time soon. It said the policy statement and particularly Federal Reserve chair Jerome Hayden Powell’s insistence the Fed saw no compelling reason to consider a rate cut in response to weak inflation, prompted a modest sell-off in the Wall Street and pushed bond yields higher. On the broader market, losers led gainers 142 to 129, with 202 counters unchanged, 1,414 untraded and 18 others suspended. Turnover stood at … [Read more...] about Bursa Malaysia opens higher but turns lower thereafter

PETALING JAYA: Bursa Malaysia Bhd’s net profit for the first quarter ended March 31, 2019 fell 26.5% to RM46.86 million from RM63.78 million a year ago due to a 16.2% drop in operating revenue to RM121.4 million from RM144.8 million a year ago. Revenue for the quarter fell 16% to RM126.53 million from RM150.71 million a year ago while total operating expenses was 1.4% lower at RM62 million compared with RM62.9 million a year ago. Annualised return on equity fell 7ppt to 23% while basic earnings per share was 2.1 sen lower at 5.8 sen. Market capitalisation as at March 31, 2019 stood at RM1.7 trillion, marking an 8.8% year-on-year decline. During the quarter, the securities market saw a 22.6% decline in trading revenue to RM59 million from RM76.3 million a year ago, due to lower average daily trading value (ADV) for securities market’s on-market trades during the quarter. The total non-trading revenue fell 7.6% to RM42.1 million from RM45.6 million a year ago mainly due to … [Read more...] about Bursa Malaysia Q1 net profit down 26.5% on lower operating revenue

KUALA LUMPUR: Bursa Malaysia ended slightly lower today, with the benchmark index easing 0.06% on mild profit-taking in selected blue chips including Public Bank and Petronas Chemicals. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) lost 0.98 of-a-point to 1,637.40 from Friday’s close of 1,638.38. After opening 1.08 points lower at 1,637.30, the index moved between 1,631.83 and 1,637.49 throughout the session. On the broader market, losers overwhelmed gainers 623 to 255, while 341 counters were unchanged, 693 untraded and 60 others suspended. Turnover stood at 2.53 billion shares worth RM1.64 billion. However, the losses were capped by news report which quoted an analyst as saying he expected a fund flow reversal in Malaysia’s equities market as early as the third quarter of this year. Rakuten Trade head of research Kenny Yee in a media briefing today said this expectation was underpinned by a weaker ringgit, revival of mega projects and improvement in crude palm … [Read more...] about Bursa Malaysia ends marginally lower

PETALING JAYA: Bursa Malaysia Bhd’s net profit for the first quarter ended March 31, 2019 fell 26.5% to RM46.86 million from RM63.78 million a year ago due to a 16.2% drop in operating revenue to RM121.4 million from RM144.8 million a year ago. Revenue for the quarter fell 16% to RM126.53 million from RM150.71 million a year ago while total operating expenses was 1.4% lower at RM62 million compared with RM62.9 million a year ago. Annualised return on equity decreased by 7ppt to 23% while basic earnings per share was 2.1 sen lower at 5.8 sen. Market capitalisation as at March 31, 2019 stood at RM1.7 trillion, marking an 8.8% year-on-year decline. “The first quarter of the year remained challenging on the back of weaker sentiment largely influenced by external concerns. These concerns are wide ranging, and are driving uncertainty in the global economy. The spill over of this impact is also affecting businesses of all sizes in our local economy,” said Bursa Malaysia CEO … [Read more...] about Bursa Malaysia records lower earnings in first quarter