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Fintec Global, Lot 13. 1, Level 13, Menara Lien Hoe, No. 8, Persiaran Tropicana, Tropicana Golf & Country Resort, Petaling Jaya (2026)

19/10/2025

✨🪔 𝐒𝐞𝐥𝐚𝐦𝐚𝐭 𝐌𝐞𝐧𝐲𝐚𝐦𝐛𝐮𝐭 𝐃𝐞𝐞𝐩𝐚𝐯𝐚𝐥𝐢 𝟐𝟎𝟐𝟓! 🪔✨

Semoga cahaya Deepavali menerangi kehidupan kita semua dengan kebahagiaan, kedamaian dan kasih sayang.

Mari kita raikan kemenangan cahaya mengatasi kegelapan, dan semai semangat perpaduan dalam masyarakat majmuk yang harmoni.

💛 Selamat menyambut Deepavali kepada seluruh rakyat Malaysia yang meraikannya.

Semoga perayaan ini membawa sinar baru dan kebahagiaan yang berkekalan. 🌸

17/10/2025

KUALA LUMPUR: The ringgit ended the week marginally higher against the US dollar today as worries over US banks weighed on the greenback amid US-China trade tensions.

Bank Muamalat Malaysia Bhd chief economist Afzanizam Abdul Rashid said worries over credit markets in US banks have resulted in the weakening of the greenback amid trade tension concerns.

“All things considered, talk of an interest rate cut by the US Federal Reserve is gaining momentum, and this can be dollar-negative,” he told Bernama.

At 6pm, the local note climbed to 4.2240/4.2275 against the US dollar from 4.2275/4.2300 at yesterday’s close.

At the close, the ringgit traded mostly lower against major currencies, except for the British pound, where it climbed to 5.6741/5.6788 from 5.6792/5.6826 at yesterday’s close.

It slipped against the euro to 4.9421/4.9462 from 4.9284/4.9313 and weakened against the Japanese yen to 2.8218/2.8244 from 2.7943/2.7961 previously.

The local note was mostly higher against Asean currencies.

It was flat against the Singapore dollar at 3.2635/3.2665 from 3.2630/3.2651 at yesterday’s close and gained versus the Indonesian rupiah to 254.6/254.9 from 254.9/255.2.

The ringgit rose against the Philippine peso to 7.26/7.27 from 7.27/7.28 and gained vis-à-vis the Thai baht to 12.9301/12.9471 from 12.9849/12.9986.

15/10/2025

KUALA LUMPUR: The ringgit held steady against the US dollar today amid a weaker greenback following dovish remarks by the US Federal Reserve (Fed) chair Jerome Powell.

According to reports, Powell told a conference that the US has a weak job market and above-target inflation, which creates a policy dilemma and economic uncertainty.

Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said Powell also has reignited the expectation that an interest rate cut of 25 basis points is still on the table.

“The dovish remarks dampened the US Dollar Index (DXY) down by 0.21% to 98.842 points.

“The rise in DXY of late has been largely associated with the US government shutdown, which resulted in delayed key data point releases,” he told Bernama.

Afzanizam said the ringgit has maintained its narrow range against the US dollar, hovering around RM4.22 to RM4.23 during the trading session.

At 6pm, the local currency stood at 4.2305/4.2355 versus the US dollar.

The ringgit weakened against a basket of major currencies.

It slipped against the euro to 4.9213/4.9272 from 4.8879/4.8937 at yesterday’s close, softened versus the British pound to 5.6469/5.6535 from 5.6118/5.6184 yesterday, and declined vis-a-vis the Japanese yen to 2.7948/2.7983 from 2.7808/2.7843.

The ringgit also closed lower against Asean currencies.

The local note depreciated versus the Thai baht to 12.9933/13.0151 from 12.8975/12.9182 at yesterday’s close, ticked down against the Singapore dollar to 3.2648/3.2689 from 3.2512/3.2553 previously, eased against the Indonesian rupiah to 255.2/255.6 from 254.8/255.2, and dropped versus the Philippine peso to 7.29/7.30 from 7.26/7.27 previously.

13/10/2025

KUALA LUMPUR: The ringgit slipped against the US dollar at today’s close, reflecting renewed strength in the greenback amid lingering trade tensions between the US and China.

Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said the US Dollar Index (DXY) rose 0.21% to 99.185 points, as concerns over US-China relations appeared to ease following president Donald Trump’s remarks over the weekend.

According to reports, Trump said the US will impose a 100% tariff on imports from China, along with restrictions on tech exports, starting Nov 1, 2025, or sooner, depending on China’s response.

Afzanizam also noted that investors remained wary of the state of trade and the ongoing US government shutdown, which has limited data visibility for the Federal Reserve ahead of its meeting at the end of the month.

“Therefore, the US dollar–ringgit is oscillating within a narrow range of RM4.22 to RM4.23,” he told Bernama.

At 6pm, the local currency slipped to 4.2265/4.2295 against the US dollar from Friday’s close of 4.2200/4.2260.

Meanwhile, the ringgit weakened against a basket of major currencies.

It fell against the euro to 4.9006/4.9041 from 4.8838/4.8907 at Friday’s close, edged lower versus the Japanese yen to 2.7775/2.7796 from 2.7618/2.7659, and dropped against the British pound to 5.6369/5.6409 from 5.6084/5.6164.

Against Asean currencies, the ringgit also closed lower.

It depreciated versus the Thai baht to 12.9878/13.0030 from 12.8942/12.9184, narrowed against the Singapore dollar to 3.2562/3.2587 from 3.2494/3.2543, slid versus the Philippine peso to 7.26/7.26 from 7.24/7.26, and softened against the Indonesian rupiah to 255/255.3 from 254.6/255.1.

10/10/2025

KUALA LUMPUR: Bursa Malaysia closed lower on Friday on cautious sentiment amid the weaker regional market performance, an analyst said.

IPPFA Sdn Bhd director of investment strategy and country economist Sedek Jantan told Bernama that investors are adopting a wait-and-see approach due to the weaker regional market performance despite positive local developments.

Prime Minister Anwar Ibrahim today tabled Budget 2026 in the Dewan Rakyat at 4.05pm. He said Budget 2026 public spending has increased to RM470 billion from RM452 billion in Budget 2025.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 7.42 points, or 0.46%, to 1,622.25 from Thursday’s close of 1,629.67.

The benchmark index opened 1.51 points weaker at 1,628.16, and moved between 1,621.74 and 1,628.21 throughout the trading session.

The broader market was negative with 593 decliners outnumbering 435 gainers, while 549 counters were unchanged, 1,052 untraded and eight suspended.

Turnover declined to 3.23 billion units worth RM2.84 billion compared with 4.74 billion units valued at RM3.62 billion on Thursday.

On the local bourse, heavyweights Maybank eased five sen to RM9.95, CIMB Group fell seven sen to RM7.50, Tenaga Nasional was six sen lower at RM13.22, IHH Healthcare slipped 11 sen to RM7.99, while Public Bank was one sen higher at RM4.30.

On the most active list, Top Glove and V.S. Industry increased 0.5 sen each to 67.5 sen and 57 sen, respectively, while Tanco erased 0.5 sen to 84.5 sen, Hartalega shed six sen to RM1.24, and KNM was flat at 0.5 sen.

Top gainers included VSTECS, which rose 22 sen to RM4.28, Hap Seng Consolidated advanced 16 sen to RM2.99, Hong Leong Bank and Hong Leong Financial both climbed 14 sen to RM20.64 and RM17.02, respectively, and Metrod climbed 12 sen to RM1.32.

Among the top losers, Nestle declined RM2 to RM97.56, Malaysian Pacific Industries slid 44 sen to RM30.72, Fraser & Neave was 26 sen lower at RM27.44, Malayan Cement trimmed 25 sen to RM6.83, and KESM dropped 23 sen to RM3.67.

On the index board, the FBM Emas Index fell 50.40 points to 12,131.31, the FBM 100 Index dropped 53.82 points to 11,853.88, and the FBM Emas Shariah Index decreased 47.14 points to 12,198.97.

The FBM 70 Index dipped 76.08 points to 17,177.52 while the FBM ACE Index edged up 7.63 points to 5,298.76.

Sector-wise, the industrial products and services index remained unchanged at 174.86, the plantation index narrowed 13.50 points to 7,890.95, the financial services index slipped 69.41 points to 18,383.44, while the energy index bagged 4.04 points to 799.00.

The Main Market volume dropped to 1.78 billion units valued at RM2.54 billion versus 2.18 billion units worth RM3.13 billion on Thursday.

Warrants turnover decreased to 1.04 billion units worth RM130.19 million compared with 1.99 billion units valued at RM280.05 million yesterday.

The ACE Market volume dwindled to 411.55 million units valued at RM162.59 million from 579.29 million units worth RM207.97 million previously.

Consumer products and services counters accounted for 224.21 million shares traded on the Main Market, industrial products and services (303.71 million), construction (103.39 million), technology (184.84 million), financial services (77.82 million), property (251 million), plantation (37.67 million), REITs (34.76 million), closed/fund (46,200), energy (187.59 million), healthcare (276.70 million), telecommunications and media (28.94 million), transportation and logistics (28.33 million), utilities (42.84 million), and business trusts (58,000).

08/10/2025

KUALA LUMPUR: Bursa Malaysia remained lower at mid-morning as broad-based profit-taking and selling pressure extended across the board.

At 11am, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 5.26 points to 1,624.77 from Tuesday’s closing of 1,630.03.

The benchmark had opened 1.88 points lower at 1,628.15.

Market breadth was negative with 504 decliners against 328 gainers. A total of 424 counters were unchanged, 1,328 untraded, and eight suspended.

Turnover stood at 1.73 billion units, valued at RM801.85 million.

In a note, Maybank Investment Bank Bhd said it is advisable to keep stop-loss levels tight to protect gains.

“We expect the benchmark index to range between 1,620 and 1,640 today, with supports remaining at 1,550 and 1,500,” the investment bank said.

Among heavyweights, Maybank gained one sen to RM9.96, while Public Bank slipped two sen to RM4.34, CIMB Group lost five sen to RM7.62, and Tenaga Nasional and IHH Healthcare were flat at RM13.28 and RM8.19, respectively.

In active trading, KNM Group and TWL were flat at 0.5 sen and three sen, respectively. Tanco gained one sen to 87 sen, while Land & General and Pharmaniaga rose 0.5 sen each to 16 sen and 29 sen, respectively.

Top gainers included PPB, up 24 sen to RM10.92; Nestle, 22 sen higher at RM97.88; Kuala Lumpur Kepong, rising 20 sen to RM20.50; Sunway Construction, increasing 11 sen to RM6; and United Plantations, edging up 10 sen to RM23.62.

Of the top losers, Malaysian Pacific Industries was down 62 sen to RM30.86; Unisem and Fraser and Neave were 12 sen lower at RM3.44 and RM28.16, respectively; MISC dipped 10 sen to RM7.16; and Gamuda shed nine sen to RM5.31.

On the index board, the FBM Emas Index fell 32.27 points to 12,095.05 and the FBM 100 Index declined 34.22 points to 11,825.63, while the FBM Emas Shariah Index dropped 22.40 points to 12,110.94.

The FBM 70 Index narrowed 31.49 points to 16,934.11, while the FBM ACE Index lost 29.67 points to 5,281.74.

Sector-wise, the Industrial Products and Services Index fell 0.37 of a point to 173.22 and the Financial Services Index slid 92.63 points to 18,479.31, while the Energy Index gained 5.09 points to 785.66, and the Plantation Index rose 16.24 points to 7,810.09.

06/10/2025

KUALA LUMPUR: Bursa Malaysia opened higher on Monday, supported by stronger regional markets, but later pared gains as mild profit-taking hit select heavyweights, analysts said.

At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 1.34 points to 1,633.72, down from Friday’s 1,635.06, after opening 1.08 points higher at 1,636.14.

Turnover stood at 258.73 million units, valued at RM104.81 million.

The local market initially tracked regional gains, with Singapore’s Straits Times Index up 0.09% at 4,415.82, South Korea’s Kospi gaining 2.70%, and Japan’s Nikkei advancing 4.21% to 47,697.07. Hong Kong’s Hang Seng Index was unchanged at 27,140.92.

Market breadth remained positive, with 200 gainers outnumbering 177 decliners. Meanwhile, 367 counters were unchanged, 1,820 untraded, and seven suspended.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said Wall Street remained unconcerned about the ongoing US government shutdown, with major indices hitting record highs before profit-taking.

“There are, however, underlying concerns over the US economic and labour market health,” he added, noting that the US 10-year yield inched higher to 4.121%.

“Looking ahead, we believe trading on the local bourse will remain healthy on the back of improving daily volume. The return of foreign funds could act as a catalyst, and we anticipate the index will trend within the 1,635–1,650 range today,” Thong added.

Among heavyweights, Tenaga Nasional rose four sen to RM13.32, while Maybank and Public Bank were flat at RM10 and RM4.34, respectively. CIMB slipped four sen to RM7.64, and IHH Healthcare fell one sen to RM8.12.

In active trading, KNM Group lost 2.5 sen to RM0.50, NexG rose one sen to RM0.53, NexG Bina was unchanged at RM0.095, Erdasan Group gained 1.5 sen to RM0.14, and Sarawak Consolidated added one sen to RM0.22.

Top gainers included KESM Industries, up eight sen to RM3.94; KJTS Group, up seven sen to RM1.79; PJBumi and Sarawak Plantation, each rising six sen to RM2.16 and RM2.14, respectively; and Panasonic Manufacturing Malaysia, up five sen to RM0.588.

Top losers were Malaysian Pacific Industries and Ayer Holdings, each down eight sen to RM31.14 and RM7.60; SAM Engineering and Kein Hing International, down seven sen to RM4.48 and RM1.17, respectively; and Gamuda, which lost six sen to RM5.44.

On the index board, the FBM Emas Index fell 6.83 points to 12,174.84, the FBM 100 Index eased 9.89 points to 11,899.07, while the FBM Emas Shariah Index gained 1.71 points to 12,195.44.

The FBM 70 Index dropped 14.85 points to 17,075.35, while the FBM ACE Index rose 20.50 points to 5,367.62.

By sector, the Industrial Products and Services Index inched down 0.06 of-a-point to 17,429, the Energy Index rose 0.73 of-a-point to 788.39, the Plantation Index gained 12.17 points to 7,808.81, and the Financial Services Index fell 21.63 points to 18,580.77.

03/10/2025

KUALA LUMPUR: The ringgit snapped its four-day uptrend to close marginally lower against the US dollar today, as traders took profit amid the market uncertainty caused by the US government shutdown.

Bank Muamalat Malaysia Bhd chief economist Afzanizam Abdul Rashid said it remains to be seen how soon the US government shutdown will end, with the non-farm payrolls data for September likely to be delayed.

“This will result in lower visibility about the latest trend in the labour markets, which, to some degree, could complicate the US Federal Reserve’s assessment,” he told Bernama.

At 6pm, the local note inched down to 4.2055/4.2125 against the greenback compared with yesterday’s close of 4.2040/4.2090.

At the close, the ringgit traded higher against a basket of major currencies.

It increased versus the euro to 4.9360/4.9442 from 4.9410/4.9468 at yesterday’s close, gained vis-à-vis the British pound to 5.6577/5.6671 from 5.6741/5.6809, and appreciated against the Japanese yen to 2.8537/2.8586 from 2.8669/2.8705 previously.

The local note traded mixed against Asean currencies.

It was up versus the Thai baht at 12.9807/13.0084 from 12.9829/13.0040 at yesterday’s close and inched up vis-à-vis the Singapore dollar to 3.2621/3.2678 from 3.2665/3.2707 yesterday.

However, it slid against the Indonesian rupiah to 253.9/254.4 from 253.2/253.6 yesterday and fell versus the Philippine peso at 7.26/7.28 compared with 7.23/7.25 previously.

01/10/2025

KUALA LUMPUR: The ringgit closed higher against the greenback today, extending gains for a third consecutive session as the US dollar weakened after the federal government shutdown began earlier today.

The shutdown will see a delay in the release of economic data, including the US nonfarm payrolls (NFP) report due this Friday.

Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said the NFP report on Friday could be delayed, and will have an impact on traders as they may not have the latest data points to form their opinion.

“The US government shutdown has caused uncertainties to heighten, and that is negative for the US dollar,” he told Bernama.

Meanwhile, SPI Asset Management managing director Stephen Innes noted that the ringgit remained range-bound, as investors explored other haven assets like the Japanese yen, gold, and US Treasuries.

“The market uncertainty is amplified by the absence of US labour (data) releases during the shutdown.

“The lack of visibility on US jobs is keeping activity light, even as markets still lean on the prospect of US interest rate cuts later this year for medium-term support,” he added.

At 6pm, the local currency climbed to 4.2045/4.2095 against the greenback compared with yesterday’s close of 4.2050/4.2090.

At the close, the ringgit was mostly lower against a basket of major currencies.

It appreciated to 4.9327/4.9386 versus the euro from 4.9405/4.9452 at yesterday’s close, but slipped to 5.6605/5.6672 against the British pound from 5.6532/5.6586, and weakened to 2.8561/2.8597 against the Japanese yen from 2.8420/2.8447.

The local currency was also traded lower against Asean currencies.

It dropped to 3.2623/3.2665 vis-à-vis the Singapore dollar from 3.2604/3.2638 at yesterday’s close, depreciated to 12.9929/13.0128 against the Thai baht from 12.9744/12.9927, and inched down against the Indonesian rupiah to 252.7/253.1 from 252.3/252.6 previously.

The ringgit eased versus the Philippine peso to 7.23/7.24 from 7.22/7.24.

29/09/2025

KUALA LUMPUR: Bursa Malaysia opened higher on Monday tracking Wall Street which closed broadly higher last week, said an analyst.

At 9.05am, the FTSE Bursa Malaysia KLCI (FBM KLCI) ticked up 2.56 points to 1,611.61, from last Friday’s close of 1,609.50.

The benchmark index was 0.70 of-a-point higher at 1,609.75 at the opening.

Market breadth was positive, with gainers outnumbering losers 206 to 123, while 316 counters were unchanged, 2,003 untraded, and 124 suspended.

Turnover stood at 247.78 million units worth RM66.90 million.

Rakuten Trade vice-president Thong Pak Leng said that sentiment on Wall Street was boosted by the latest personal consumption expenditure (PCE) price index, which came in within expectations, ensuring that the US Federal Reserve (Fed) would stick to its easing policy.

Meanwhile, the US 10-year Treasury yield inched higher at 4.174%.

In Hong Kong, the Hang Seng Index (HSI) continued to slide to just above the 26,000 level as traders became wary of its valuations amid the latest bouts of US President Donald Trump’s tariffs.

On the home front, he said the FBM KLCI surprisingly closed on a strong note due to late buying activities.

“We believe buying activities should persist as more foreign funds are looking for value propositions. We thus expect the index to trend within the 1,605-1,615 range today.

“Gold price has hit another record high and is ready to test US$3,800 per ounce,” said Thong.

Among heavyweights, Petronas Gas was 28 sen better at RM18.78, IHH Healthcare gained 11 sen to RM7.56, SD Guthrie rose seven sen to RM5.31, Maybank added four sen to RM9.93 and Public Bank increased two sen to RM4.36.

In active trade, EA Holdings and TWL were flat each at half-a-sen and 2.5 sen, respectively. MTouche Technology and Luster Industries strengthened by a sen each to 7.5 sen and 5.5 sen, respectively, and SNS Network Technology was 1.5 sen firmer at 68.5 sen.

Top gainers were Nestle, which perked up 94 sen to RM96.98; F&N, 30 sen to RM27.50; KESM Industries, 28 sen to RM18.78; followed by Petronas Gas; and Malaysian Pacific Industries, 24 sen to RM29.54.

Top losers were Pentamaster, down eight sen to RM3.72; Allianz, six sen to RM18.32; Kerjaya Prospek, six sen to RM2.41; PPB Group four sen to RM10.08; and Visdynamic, four sen to 22 sen.

On the broader market, the FBM Emas Index added 23.76 points to 12,017.20, the FBMT 100 Index gained 22.95 points to 11,747.99, the FBM Emas Shariah Index increased 15.00 points to 12,063.47, the FBM 70 Index climbed 51.58 points to 16,901.93, and the FBM ACE Index advanced 4.95 points to 5,205.41.

By sector, the Industrial Products and Services Index edged up 0.13 of-a-point to 173.89, the Energy Index gained 2.40 points to 784.92, the Financial Services Index ticked up 57.64 points to 18,241.48, and the Plantation Index appreciated by 37.66 points to 7,800.31.

25/09/2025

KUALA LUMPUR: The ringgit held steady against the US dollar at opening on Thursday, amid the recent People’s Bank of China’s (PBOC) pressure on market sentiment.

At 8am, the local note remained unchanged at 4.2120/2170.

SPI Asset Management managing director Stephen Innes said the market took another hit after the PBOC set the Chinese yuan’s daily reference rate weaker than anticipated, which is a deliberate move to curb the recent rally in the Chinese currency.

“The move caught many regional players off guard, adding downside momentum on the ringgit. With positioning heavily skewed toward short US dollar trades, the near-term outlook remains fragile, though any sharp moves are likely to be limited over the next 24 hours,” he added.

Innes said investors are now turning their focus to upcoming US data, with Friday’s personal consumption expenditure (PCE) inflation print and next week’s non-farm payrolls (NFP) to gauge whether the US Federal Reserve (Fed) will take cautionary action with its policy.

“Until then, the ringgit is likely to remain under pressure, reflecting the Fed’s pushback on dovish economic outlooks and a softer regional markets backdrop,” he said.

Meanwhile, Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said the US Dollar Index (DXY) continues to remain elevated, rising 0.43% to 97.687 points as the Fed is seen to be cautious about reducing the Fed fund rates.

“At the same time, data on the US housing market for new home sales jumped to 800,000 units during August, exceeding the consensus forecast of 650,000 and July’s figure of 652,000.

“As such, the ringgit is likely to remain soft in the near term, hovering around RM4.21 and RM4.23,” Afzanizam said.

At the opening, the ringgit was higher against a basket of major currencies.

It rose to 2.8310/2.8346 against the Japanese yen from 2.8400/2.8436 at Wednesday’s close, but eased to 5.6647/5.6714 versus the British pound from 5.6761/5.6828 and inched down to 4.9453/4.9512 against the euro from 4.9567/4.9626.

However, the local note was mixed against Asean currencies.

It advanced to 3.2687/3.2731 versus the Singapore dollar from 3.2724/3.2738 and appreciated to 13.1109/13.1334 against the Thai baht from 13.1572/13.1781.

It remained unchanged against the Indonesian rupiah and the Philippine peso at 252.4/252.8 and 7.33/7.34, respectively.

23/09/2025

KUALA LUMPUR: Bursa Malaysia rose at the open on Tuesday, tracking Wall Street gains after Nvidia Corp announced a partnership with OpenAI and pledged up to US$100 billion in investment.
At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) climbed 3.65 points to 1,606.99, from yesterday’s close of 1,603.34, after opening at 1,604.90.

Market breadth was positive, with gainers outnumbering losers 214 to 102.

Meanwhile, 271 counters were unchanged, 2,057 untraded, and 37 suspended.

Turnover stood at 173.33 million units worth RM97.21 million.

In a research note, Malacca Securities Sdn Bhd said the capital expenditure rollout will fund data centres with at least 10 gigawatts (GW) of capacity, powered by Nvidia’s advanced AI chips to train and deploy OpenAI models.

“Also, with Nvidia’s US$5 billion investment in Intel, we expect the technology sector to grow steadily in the near term. This could translate into further buying interest in major tech giants, supporting a sustained uptrend on Wall Street,” it said.

Locally, the brokerage expects the market to trade on firmer footing as Wall Street sentiment may spill over into the domestic technology sector in the near term.

“We favour Itmax System Bhd, given its sticky solutions and services, as well as contract wins of approximately RM51 million stretching over the next 15 years. On the data centre front, we like CBH Engineering Holding Bhd due to its undemanding valuations and strong exposure to DC plays,” it added.

The firm also issued a non-rated report on Cheeding Holdings Bhd with a fair value of RM0.72 (IPO price: RM0.36), citing its niche in overhead infrastructure utilities and robust operational efficiency, with net margins well above peers’ average.

Commenting on the impact of RON95 subsidy rationalisation, Malacca Securities research head Loui Low said the programme is unlikely to have a significant effect for now.

“Sector-wise, we don’t foresee major changes, as the policy is designed to ease inflationary pressures on the rakyat. It may be neutral to foreign investors despite the policy shift,” he noted.

Yesterday, Prime Minister Anwar Ibrahim announced RON95 petrol prices would drop to RM1.99 per litre from RM2.05, effective Sept 30, under the Budi Madani RON95 targeted subsidy programme.

Among heavyweights, Maybank, Public Bank and IHH Healthcare rose 2.0 sen each to RM9.86, RM4.29 and RM7.38. CIMB gained 1.0 sen to RM7.32, while Tenaga Nasional added 6.0 sen to RM13.48.

In active trade, JS Solar, an ACE Market debutant, gained 8.5 sen to 39.5 sen. NexG and IFCA MSC rose 1.0 sen each to 51 sen and 34 sen, NexG Bina added 0.5 sen to 9.0 sen, while JAG was flat at 26 sen.

Top gainers included Malaysian Pacific Industries, up 20 sen to RM29.48; Petronas Gas, 18 sen to RM18.48; KESM Industries, 17 sen to RM3.55; D\&O Green Technologies, 10 sen to RM1.57; and Pentamaster, 6.0 sen to RM3.88.

Top losers were United Plantations, down 8.0 sen to RM23.46; SD Guthrie, 7.0 sen to RM5.23; Chin Hin, 5.0 sen to RM2.23; Ralco Corporation, 4.5 sen to 81 sen; and AMMB Holdings, 3.0 sen to RM5.60.

On the broader market, the FBM Emas Index rose 32.39 points to 11,958.89, the FBMT 100 Index gained 30.81 points to 11,707.42, the FBM Emas Shariah Index added 37.08 points to 12,009.03, the FBM 70 Index climbed 62.66 points to 16,813.77, and the FBM ACE Index advanced 7.34 points to 4,981.24.

By sector, the Industrial Products and Services Index edged up 0.05 of-a-point to 169.23, the Energy Index gained 2.67 points to 762.04, and the Financial Services Index rose 28.11 points to 18,118.31, while the Plantation Index fell 27.78 points to 7,740.10.

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