173 stories mentioning FTSE Bursa Malaysia KLCI
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Malaysia's manufacturing sector contracted in May, S&P Global said Tuesday.The latest seasonally adjusted S&P Global Malaysia Manufacturing Purchasing Managers' Index was 49.9, compared with 51.6 in April.The reading showed weakness in the demand conditions as price hikes for goods dampened sales growth.
For the week ahead in Asia, manufacturing activity will be in focus as S&P Global releases a broad mix of purchasing managers' index reports covering multiple economies.The week opens with a flurry of manufacturing PMI readings for May, followed by inflation data from South Korea and Indonesia on Tuesday.Mid-week, Australia's first-quarter GDP report will take center stage, while markets will also watch a heavy batch of readouts from Vietnam.Thursday will be lighter, led by Australia's April trade report, before Friday brings India's policy rate decision and GDP figures and inflation readouts from multiple regions.Here's what to watch in the week ahead.MONDAY, June 1The week kicked off with a flurry of S&P Global's purchasing managers' index (PMI) reports covering May manufacturing activity across the region.China's manufacturing activity eased after the seasonally adjusted RatingDog China General Manufacturing PMI came in at 51.8, compared with 52.2 in the previous month and the consensus estimate of 51.4 from Investing.com.Data from the National Bureau of Statistic similarly showed factory activity easing, with the official purchasing managers' index falling to a neutral 50 from 50.3 in April.A reading above 50 means growth, while a reading below 50 indicates contraction.Manufacturing activity similarly slowed in Australia as new orders fell sharply for a third consecutive month amid rising costs and ongoing supply-chain disruptions linked to the war in the Middle East.In contrast, Japan's manufacturing production expanded, with the latest S&P Global Japan Manufacturing PMI coming in at 54.5, compared with 55.1 in April, matching the flash data.South Korean manufacturing output also expanded during the month, hitting its highest in five years due to a rise in production and new order volumes, S&P Global said.India, Taiwan and Vietnam were also among the regions that experienced improved output during May.Meanwhile, The Philippines' manufacturing activity returned to growth in May as stronger output and a recovery in new orders offset continued weakness in exports.Moving ahead, the Melbourne Institute said its monthly inflation gauge fell in May after two consecutive monthly increases, driven largely by a decline in transport costs. The monthly cost of living also declined in May, particularly for self-funded retirees.Elsewhere, South Korea recorded a trade surplus of $26.9 billion in May, a new all-time high, and marking the third straight month of more than $20 billion in trade surplus.TUESDAY, June 2Focus shifts Tuesday to inflation data coming in from South Korea.Economists at ING said consumer prices could reach 3% year on year in May, reflecting higher input costs that are likely to be passed on to consumers.Pipeline cost pressures are also likely to reflect in Indonesia's inflation print due Tuesday, with ANZ expecting prices to tick up to 3% from 2.42% in the prior month, the Wall Street Journal reported.Trade figures due in Indonesia the same day could also show moderating exports as the effects of front-loaded demand fade and commodity prices soften, the WSJ said, citing an RHB economist.On the activity front, S&P Global releases its monthly manufacturing PMIs for Indonesia, Malaysia, and Thailand. The Singapore Institute of Purchasing and Materials Management's PMI report is also expected.Lastly, Hong Kong will release its retail sales stats for April.WEDNESDAY, June 3Australia's first-quarter gross domestic product (GDP) data will dominate headlines Wednesday.Both Westpac and CommBank said they expect growth to have moderated during the first three months of the year, though their estimates differed.CommBank forecast a 0.2% quarterly rise in GDP, while Westpac projected 0.5%; both would be slower than the 0.8% growth recorded in the final quarter of 2025.Neighboring New Zealand will disclose first-quarter export and import price stats.Markets will also be following a speech by Bank of Japan Governor Kazuo Ueda for clues on the central bank's next interest-rate hike.Wednesday also features a heavy slate of macro data from Vietnam, including inflation, balance of trade, industrial production, and retail sales.Trading Economics expects Vietnam's May inflation to accelerate to 6% from 5.46% in April. Meanwhile, the data platform estimated the country's trade deficit could widen to $3.4 billion from $3.28 billion a month prior.Meanwhile, S&P Global will release the next batch of its PMI reports covering composite and services activity in China, India, Japan, Australia, and Hong Kong.THURSDAY, June 4Thursday will be relatively light on readouts, with Australia's April trade figures among the handful of releases of note.Australia is expected to post a trade surplus of A$2.6 billion in April, rebounding from a A$1.8 billion deficit in March - its first shortfall since late 2017, Westpac said in a preview.According to the bank, major commodity exports appeared to have increased notably during the period after recording three consecutive monthly declines.In Singapore, S&P Global's monthly PMI will be due, while Thailand will release a business confidence report.FRIDAY, June 5The tail end of the week brings a policy rate decision in India, which will also release its quarterly GDP growth figures.The Reserve Bank of India is expected to hold rates at 5.25% but could signal hawkish sentiment during its vote, the WSJ reported, citing a UOB economist.Meanwhile, a Trading Economics consensus placed the country's GDP growth rate at 7.3%, down marginally from the 7.8% recorded in the final quarter of 2025.ANZ Research said the economy stayed broadly healthy in the fiscal fourth quarter, although growth eased slightly in March as manufacturing, exports and profit margins came under pressure due to global disruptions, the WSJ reported.Taiwan is set to report monthly inflation data, with ING expecting consumer prices to rise above the 2% target for the first time since April 2025. The bank expects inflation to accelerate to 2.2% year on year in May from 1.7% in April, reflecting Taiwan's reliance on imported energy, which leaves the economy vulnerable to higher global prices."We expect inflation to peak toward the middle of this year, raising the risks for a potential central bank rate hike at the coming meetings," ING said in a preview.Thailand and the Philippines will similarly report their respective inflation rates for May, with the latter also releasing industrial production stats.Lastly, Singapore will report its retail sales figures for April.
Big Caring Group is preparing for a stock market debut that could raise as much as 3 billion ringgit ($750 million), positioning the pharmacy retailer among Malaysia's largest IPOs in recent years, Bloomberg News reported Friday, citing people with knowledge of the matter.The pharmacy chain, backed by private equity firm Creador, is aiming to list by October. It plans to offer up to 25.5% of its enlarged share capital, with part of the proceeds to be used to repay debt. The size and timing of the IPO could still change.Big Caring runs 626 outlets across Malaysia under brands including Big Pharmacy and Caring Pharmacy. Creador, which holds roughly 34% of the company, plans to sell up to 14.8% of its stake in the offering. The company did not respond to Bloomberg's request for a comment, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
5100 Xizang Glacier's (HKG:1115) bottling subsidiary, Tibet Glacier Mineral Water, has obtained official Malaysian halal certification for some of its water products, according to a Friday filing with the Hong Kong bourse.The three-year certifications cover seven 5100 Tibet Spring Glacier Mineral Water products, the firm said. Following the certification, these products may be marketed as halal in Malaysia.
Malaysian shares extended losses on Friday due to broad-based selling, amid a mixed regional performance.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, fell 1.86 points to end 0.1% lower at 1,683.07. The day range was between 1,680.59 and 1,694.65.In economic news, Malaysia's official reserve assets stood at $129.7 billion, while other foreign currency assets amounted to $66.6 million as of the end of April.In corporate news, shares of IJM (KLSE:IJM) gained over 4% on Friday's close after its unit IJM Properties agreed to disposal of a piece of land together with a single-story building for 47.5 million ringgit. The property, located in Sabah, Malaysia, will be sold to Coupang - the asset-holding company of the Econsave Cash & Carry.Shares of Berjaya Property (KLSE:BPROP) dropped about 2% on close after its unit Nural Enterprise shed 21.9 million shares, or about 1.98% equity interest in 7-Eleven Malaysia (KLSE:SEM) to Detik Ria for about 43.9 million ringgit.
The U.S. and Iran have tentatively agreed to extend a ceasefire for two months while initiating new negotiations over Tehran's nuclear program, fueling optimism that the ongoing three-month conflict may soon end, Bloomberg News reported on Thursday, citing a source familiar with the discussions.The anonymous source confirmed a prior Axios report, though President Donald Trump has not yet signed off on the terms, the newswire said.While both sides have previously celebrated progress and Trump has often claimed a deal was imminent, the impasse has repeatedly persisted, the publication said.Vice President JD Vance told reporters that the two nations are exchanging proposals on specific language regarding Iran's nuclear capabilities, and noted that Iran appears to be engaging in good faith, with tangible progress underway, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Malaysian shares resumed their downward trajectory on Thursday as market participants returned from a mid-week national holiday, as geopolitical escalations in the Middle East triggered broad-based institutional selling.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, fell 14.09 points to end 0.8% lower at 1,684.93.Reports of air strikes involving U.S. and Iranian forces on Thursday further fueled market anxieties regarding an intensifying conflict in the Middle East.In corporate news, Greenyield (KLSE:GREENYB) reported a rubber output of 153,850.7 kilograms. Shares closed 8% higher.Elsewhere, Ho Wah Genting (KLSE:HWGB) recorded an attributable loss of 2.1 million ringgit in the quarter ended March 31, wider than 1.8 million ringgit a year prior, with revenue falling to 41.4 million ringgit from 53.8 million ringgit. Shares were up nearly 5% at close.
Malaysia has introduced a 10% import duty on certain gold bar shipments, Bloomberg News reported Tuesday, citing traders and dealers.Traders said some gold imports have been subjected to the new duty since early May, causing delays at customs and forcing some shipments to be rerouted. The additional cost has made imports commercially unviable, as local gold prices have not increased enough to offset the tax burden, according to the report.The Royal Malaysian Customs Department confirmed that the Ministry of Finance would engage with industry players regarding the taxation of minted gold products, the news agency reported.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Malaysian shares closed lower on Tuesday, mirroring regional losses. The investor sentiment was downbeat after April producer prices rose 5.4%, reinforcing concerns over lingering inflation pressures.The FTSE Bursa Malaysia KLCI shed 9.48 points to end about 0.6% lower at 1,699.02. The day range was between ,696.14 and 1,707.52.In corporate news, Petroliam Nasional (PETRONAS) agreed to acquire Saudi Aramco's stakes in Pengerang Refining and Pengerang Petrochemical, collectively known as PRefChem. Subject to closing conditions, the deal will make the joint venture a wholly owned unit of PETRONAS.Shares of Oppstar (KLSE:OPPSTAR) rose about 6% on close after its unit, Oppstar Technology, executed an access token agreement with the Malaysian Investment Development Authority (MIDA). The agreement formalizes the company's access to ARM Limited's Flexible Access (AFA) Token - Entry Tier under a strategic government-linked cooperation program.Shares of Hextar Industries (KLSE:HEXIND) slid about 2% on Tuesday's close after it incurred a net loss of 6.4 million in the first quarter, reversing a profit of 2.1 million ringgit a year ago.
Petroliam Nasional (PETRONAS) agreed to acquire Saudi Aramco's stakes in Pengerang Refining and Pengerang Petrochemical, collectively known as PRefChem, according to a Monday press release.Subject to closing conditions, the deal will make the joint venture a wholly owned unit of PETRONAS.The acquisition will boost operational alignment and flexibility across PRefChem's value chain, PETRONAS said.Both companies said they will continue exploring commercial cooperation, including crude supply coordination, technology exchange, and product distribution.
Malaysian shares closed lower on Monday as April producer price data reinforced concerns over lingering inflation pressures.The FTSE Bursa Malaysia KLCI shed 4.17 points to end about 0.2% lower at 1,708.50. The day range was between 1,705.94 and 1,713.50.In economic news, Malaysia's Producer Price Index (PPI) rose 5.4% year on year in April, up from 1.1% in March, and marking the strongest increase since August 2022, the Department of Statistics Malaysia (DOSM) reported.Malaysia's Leading Index (LI) rose 0.5% year on year in March to 113.3 points, up from 112.7 points a year earlier, DOSM said. The increase was driven by expansion in three of seven components, led by a 32.3% jump in the number of housing units approved. Meanwhile, the Coincident Index (CI), which tracks current economic activity, rose 2% annually to 130.4 points. The growth was supported by higher real contributions to the Employees Provident Fund (EPF) and stronger retail trade volume.Malaysia's energy reserves will last through the end of July despite disruptions tied to the Iran conflict, Reuters reported, citing Economy Minister Akmal Nasir. However, Akmal warned that external pressures are mounting on trade flows, with freight costs to the Middle East jumping 50% to 80% and war-related insurance premiums also edging higher, according to the report.In corporate news, Malaysian state oil company Petroliam Nasional (PETRONAS) confirmed that an upstream industrial accident occurred at its Floating Storage and Offloading (FSO) Sepat facility off the coast of Terengganu on Monday, resulting in three fatalities and one injury.Shares of Eurospan (KLSE:EUROSP) gained over 2% on today's close after it said it has now complied with Bursa Malaysia's public shareholding spread requirement following a change in holdings by major shareholder EC Synergy (M). The company, which previously fell short of the required minimum threshold of 25%, said its public spread rose to 25.57% as of May 21 from 15.89%
Malaysian state oil company Petroliam Nasional (PETRONAS) confirmed that an upstream industrial accident occurred at its Floating Storage and Offloading (FSO) Sepat facility off the coast of Terengganu on Monday, resulting in three fatalities and one injury, according to a Monday press release.The incident took place at approximately 12:50 p.m. during routine lifeboat maintenance operations on the offshore vessel. Three of the workers were pronounced dead upon emergency arrival at Hospital Sultanah Nur Zahirah in Kuala Terengganu, while the fourth survivor remains under intensive medical care and observation, the filing said.Investigations are ongoing in coordination with relevant authorities, with PETRONAS saying its immediate focus is on supporting affected families.
Malaysia's energy reserves will last through the end of July despite disruptions tied to the Iran conflict, Reuters reported Monday, citing Economy Minister Akmal Nasir.However, Akmal warned that external pressures are mounting on trade flows, with freight costs to the Middle East jumping 50% to 80% and war-related insurance premiums also edging higher, according to the report.These cost pressures are now filtering into key export sectors, with Malaysia's commodities industry already under pressure as output value fell 14.7% in the first quarter amid weaker shipments of palm oil, rubber, cocoa and timber, Akmal reportedly said during a regular briefing.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Yunnan Energy New Material (SHE:002812) agreed to terminate the construction of a lithium battery separator plant in Malaysia, according to a Saturday disclosure on the Shenzhen bourse.The Chinese paper packaging materials manufacturer's shares dropped 5% during Monday's afternoon trade.The plan for the construction, which supposedly had an investment worth 2 billion yuan, was launched in 2024.The project will be cancelled due to changes in the external market environment and stringent competition.
Malaysia's Leading Index (LI) rose 0.5% year on year in March to 113.3 points, up from 112.7 points a year earlier, the Department of Statistics Malaysia (DOSM) said Monday.The increase was driven by expansion in three of seven components, led by a 32.3% jump in the number of housing units approved. However, gains were partly offset by a 22.6% decline in real imports of semiconductors, reflecting softer external demand.Monthly, the Leading Index edged down 0.1%, weighed mainly by a 0.9% decline in real imports of other basic precious and non-ferrous metals.Meanwhile, the Coincident Index (CI), which tracks current economic activity, rose 2% annually to 130.4 points. The growth was supported by higher real contributions to the Employees Provident Fund (EPF) and stronger retail trade volume.Monthly, the CI increased 0.8%, driven by EPF contributions, while diffusion indices showed weakening breadth in the latest month, the data showed.
Malaysia's Producer Price Index (PPI) rose 5.4% year-on-year in April, up from 1.1% in March, marking the strongest increase since August 2022, the Department of Statistics Malaysia reported Monday.The mining sector surged 53.4%, driven by a 74.5% jump in crude petroleum extraction, while the water supply index increased 10.8% and electricity and gas supply rose 10.6%.Agriculture, forestry and fishing grew 2.7%, supported by gains in fishing and perennial crop production, while manufacturing rose 1.1%, led by higher output in computer, electronic and optical products as well as refined petroleum products.On a month-on-month basis, the PPI local production index increased 3.2%, compared with 4.1% in the previous month, the data showed.
Malaysian shares rebounded on Friday, snapping a seven-session losing streak, mirroring regional upward momentum amid macro optimism that a Pakistan-mediated diplomatic intervention could help de-escalate geopolitical flashpoints across the Middle East.The FTSE Bursa Malaysia KLCI gained 4.31 points to end nearly 0.3% higher at 1,712.67. The day range was between 1,710.30 and 1,715.71.In local news, Malaysia is moving to strengthen its energy buffer with the goal of extending supply security through December, as global disruptions continue to strain economic and energy networks, The Star reported, citing Deputy Prime Minister Fadillah Yusof.In corporate news, shares of JF Technology (KLSE:JFTECH) rose over 5% on today's close after it booked a record quarterly revenue of 23.2 million ringgit in its fiscal third quarter. Meanwhile, nine-month revenue amounted to 59.3 million ringgit, marking its strongest performance to date.Shares of Telekom Malaysia (KLSE:TM) gained about 2% on Friday's close after its profit attributable to shareholders fell to 321.5 million ringgit in the first quarter, from 401.3 million ringgit a year earlier.
The governments of Indonesia and Malaysia gave a go-ahead for the transfer of certain oil and gas block ownership from Malaysia's Petronas and Italy's Eni to their JV firm SEARAH, Reuters reported Thursday citing a Petronas executive.The approval is reportedly for the transfer of the assets' production-sharing contracts to the joint venture, the head of Petronas in Indonesia told Reuters at an Indonesia Petroleum Association conference.The parties had, in November, agreed to form a JV company to manage 19 assets, of which 14 are in Indonesia and five fall in Malaysia.The deal is expected to be completed by July 1, the newswire said, citing the executive.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Malaysia is moving to strengthen its energy buffer with the goal of extending supply security through December, as global disruptions continue to strain economic and energy networks, The Star reported Friday, citing Deputy Prime Minister Fadillah Yusof.Current domestic coverage is projected to last until July, with efforts underway to secure additional imports, including sourcing supplies from regions such as Africa through PETRONAS, Fadillah reportedly said.Fadillah said a wider energy crunch is pushing up logistics and production costs across sectors and called on conservation efforts and coordinated policy action to protect supply stability, pricing affordability and environmental goals, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Envictus International (SGX:BQD) through its subsidiary, Pok Brothers, completed the acquisition of an industrial property in Malaysia for 68 million ringgit, according to a Thursday filing with the Singapore Exchange.Earlier, the food and beverage company's unit had agreed to purchase the 10,119 square meter property from SMG Land and had paid an initial deposit of 6.8 million ringgit in two tranches.
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