Bursa Malaysia Ends Higher For Third Straight Session

By Zarul Effendi Razali and Danni Haizal Danial Donald

KUALA LUMPUR, June 30 (Bernama) -- Bursa Malaysia maintain its upward momentum to end higher for the third consecutive session, supported by continued buying in selected industrial products and services as well as healthcare counters, an analyst said.

Press Metal and IHH Healthcare were the top two gainers, rising 17 sen and 10 sen to RM5.18 and RM6.82, respectively, contributing a combined 3.90 points to the gains in the benchmark index.

At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.80 points, or 0.31 per cent, to 1,532.96 from last Thursday’s close of 1,528.16.

The FBM KLCI, which opened 5.25 points higher at 1,533.41, moved between 1,526.30 and 1,538.10 throughout the trading session.

However, the broader market was negative with 531 gainers outnumbering 443 decliners, while 506 counters were unchanged, 959 untraded and 102 suspended.

Turnover surged to 3.57 billion units worth RM2.68 billion against 2.90 billion units worth RM2.23 billion on Thursday last week. 

Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said regionally, the markets were mostly higher as investors digest key data releases, including China's June purchasing managers index (PMI) readings and May industrial output from South Korea and Japan.

“China’s manufacturing sector shrank for a third straight month in June, raising expectations for additional stimulus amid persistent trade tensions with the United States (US),” he told Bernama.

Back home, Thong noted that the local market is showing encouraging signs of recovery, marked by weakening bearish momentum, rising trading volume, and gradually improving investor sentiment.

“For the moment, we anticipate the FBM KLCI to fluctuate between 1,520 and 1,550 for the week,” he said.

Among other heavyweights, Maybank lost 11 sen to RM9.70, Public Bank dropped 3.0 sen to RM4.31, Tenaga Nasional gained 12 sen to RM14.38, CIMB fell 1.0 sen to RM6.79, and CelcomDigi rose 3.0 sen to RM3.93.

As for the most active stocks, Tanco shed 1.5 sen to 91.5 sen, MYEG and NextG each advanced 1.0 sen to 95 sen and 37 sen, respectively, Gamuda climbed 14 sen to RM4.79, and YTL Corporation put on 5.0 sen to RM2.32.

On the index board, the FBM Emas Index increased 48.97 points to 11,447.77, the FBMT 100 Index garnered 48.40 points to 11,229.76, and the FBM Emas Shariah Index rose 97.11 points to 11,438.24.

The FBM 70 Index jumped 128.95 points to 16,399.61 and the FBM ACE Index slid 4.83 points to 4,469.93.

By sector, the Financial Services Index declined 86.52 points to 17,650.58, while the Industrial Products and Services Index edged up 1.85 points to 153.83, the Plantation Index added 21.18 points to 7,350.20, and the Energy Index climbed 2.60 points to 735.28.

The Main Market volume improved to 1.52 billion units worth RM2.38 billion against 1.30 billion units valued RM1.95 billion on Thursday.

Warrants turnover expanded to 1.75 billion units valued at RM210.62 million from 1.26 billion units worth RM169.56 million previously.

The ACE Market volume slipped to 302.07 million units valued at RM84.63 million versus 334.31 million units valued at RM106.81 million last week.

Consumer products and services counters accounted for 276.28 million shares traded on the Main Market, industrial products and services (279.46 million), construction (111.54 million), technology (193.48 million), SPAC (nil), financial services (84.34 million), property (174.86 million), plantation (29.34 million), REITs (27.79 million), closed end fund (31,700), energy (119.99 million), healthcare (83.84 million), telecommunications and media (49.10 million), transportation and logistics (18.55 million), utilities (69.14 million), and business trusts (53,200).

Bursa Malaysia and its subsidiaries were closed last Friday June 27, in conjunction with Awal Muharram public holiday.

-- BERNAMA