Kuala lumpur: Bursa Malaysia ended the day on a positive note for the second consecutive session, supported by selective buying in consumer products and services, along with telecommunications and media sectors. The FTSE Bursa Malaysia KLCI (FBM KLCI) saw an increase of 1.82 points, reaching 1,578.52 from the previous close of 1,576.70. The index had a fluctuating day, opening 1.47 points lower at 1,575.23 and trading between 1,573.95 and 1,582.34.
According to BERNAMA News Agency, Rakuten Trade Sdn Bhd’s vice-president of equity research, Thong Pak Leng, noted that the local bourse remains in a consolidation phase despite the day’s gains. He mentioned the potential for a breakthrough above the 1,585 level with substantial volume, which could lead the index towards 1,600. For now, he expects the FBM KLCI to stay within the 1,575-1,590 range as the week progresses. Market participants are also looking forward to the release of the US Job Openings and Labour Turnover Survey (JOLTS) data for July and Bank Negara Malaysia’s Monetary Policy Committee meeting.
Among top performers, PPB Group increased by 36 sen to RM9.40, while Maxis climbed eight sen to RM3.61. Conversely, Maybank fell eight sen to RM9.98, and Public Bank decreased by four sen to RM4.26. In active trading, Tanco Holdings rose 9.5 sen to 80 sen, Sime Darby added four sen to RM2.06, and TWL declined half-a-sen to 2.5 sen. NexG dropped two sen to 47 sen, and TWL Holdings decreased half-a-sen to 2.5 sen.
On the index board, the FBM Emas Index rose 37.22 points to 11,726.53, FBMT 100 Index added 31.33 points to 11,495.52, and FBM Emas Shariah Index went up by 78.33 points to 11,707.62. The FBM Mid 70 Index increased by 124.88 points to 16,489.40, while the FBM ACE Index gained 76.97 points to 4,754.09.
Sector-specific movements saw the Industrial Products and Services Index add 2.13 points to 163.49, the Energy Index increase by 11.02 points to 749.92, and the Plantation Index climb 20.41 points to 7,605.89. Meanwhile, the Financial Services Index fell by 74.85 points to 18,071.96.
Main Market volume was slightly up to 1.60 billion units valued at RM2.54 billion. Warrant turnover saw a decline to 744.83 million units worth RM117.03 million. The ACE Market volume decreased to 354.82 million units worth RM145.97 million.
In terms of trading activity, consumer products and services contributed 257.73 million shares on the Main Market, with industrial products and services at 225.94 million, and the construction sector at 117.96 million. Other sectors such as technology, financial services, and property also saw significant trading volumes.