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Prolintas Group, Menara PNB, 201-A, Jalan Tun Razak, Kuala Lumpur (2026)

17/09/2025

🎉 Malaysia Day 2025 🎉
Proud to be Malaysian 🇲🇾
Let’s cherish our unity & diversity today and every day! 🙌✨

12/09/2025

KUALA LUMPUR: The ringgit ended the week on an upbeat note ahead of a widely expected interest rate cut by the US next week.

Bank Muamalat Malaysia Bhd’s chief economist, Afzanizam Rashid, said the anticipation over the US Federal Reserve’s (Fed) upcoming interest rate decision lifted the ringgit. “The US Federal Open Market Committee (FOMC) members will meet on Sept 16-17 and are expected to deliver a 25 basis points (bps) cut,” he told Bernama.

SPI Asset Management managing director Stephen Innes said the ringgit strengthened today as the US dollar slipped on the back of weaker US labour signals.

“Markets shrugged off the 0.3% US inflation uptick (for August) and instead zeroed in on the deteriorating jobs data. A jump in (US) jobless claims (last week) pushed interest rate-cut expectations higher, with traders now pricing in 72bps of Fed easing for the rest of 2025, up from 68bps before the release,” he added.

At 6pm, the local currency breached the 4.2 level against the US dollar, bouncing to 4.1975/4.2080 from Thursday’s close of 4.2185/4.2240.

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

It gained against the euro to 4.9203/4.9326 from 4.9293/4.9357, climbed up versus the yen to 2.8373/2.8446 from 2.8509/2.8548, and advanced vis-a-vis the pound to 5.6864/5.7006 from 5.6954/5.7028 yesterday.

The local currency was also mostly higher against Asean currencies.

It inched up versus the Singapore dollar to 3.2719/3.2803 from 3.2829/3.2874, rose against the baht to 13.2317/13.2703 from 13.2432/13.2663, and edged up against the peso to 7.35/7.37 from 7.37/7.39 previously.

However, the ringgit eased marginally vis-à-vis the rupiah to 256.3/257.0 from 256.2/256.7.

10/09/2025

KUALA LUMPUR: Bursa Malaysia opened marginally higher on Wednesday, extending gains for a third straight session as it tracked Wall Street’s rally on hopes of a US Federal Reserve (Fed) rate cut, while investors awaited key inflation data due today and tomorrow.

At 9.06am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) edged up 0.77 of-a-point to 1,587.58 from Tuesday’s close of 1,586.81.

The index had opened 1.23 points firmer at 1,588.04.

Market breadth was positive, with 168 gainers outpacing 99 decliners. Another 247 counters were unchanged, 2,079 untraded and seven suspended.

Turnover stood at 104.41 million shares worth RM55.65 million.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said Wall Street ended higher with all three major indices closing at record highs on prospects of a Fed rate cut, while investors awaited crucial inflation data.

“Market sentiment was further lifted by regional strength after Citigroup upgraded the Hang Seng index,” he said.

Back home, Thong noted the FBM KLCI remained in positive territory despite Maxis and MISC trading ex-dividend, underscoring resilient market undertones.

“We believe the benchmark index will re-test the 1,600 level soon. For today, we expect it to hover between 1,585 and 1,600,” he added.

Among the heavyweights, Maybank rose two sen to RM10.06, Public Bank edged up one sen to RM4.30, Tenaga Nasional gained six sen to RM13.16, and IHH Healthcare was one sen higher at RM6.95, while CIMB was flat at RM7.16.

In active trade, Classita advanced one sen to 9.5 sen and its warrant added half-a-sen to 3.5 sen, NexG improved half-a-sen to 49 sen, OCK Group warrant slipped one sen to five sen and Cahya Mata Sarawak gained five sen to RM1.25.

Top gainers included United Plantations, which added 22 sen to RM22.56, UWC up 14 sen to RM3.04, Petronas Gas higher by 10 sen at RM18.70 and QL Resources up six sen to RM4.28.

On the broader market, the FBM Emas Index rose 8.10 points to 11,780.94, the FBMT 100 Index gained 7.81 points to 11,545.30 and the FBM Emas Shariah Index added 13.10 points to 11,759.16.

The FBM 70 Index climbed 20.73 points to 16,489.09, while the FBM ACE Index was 3.70 points higher at 4,724.54.

By sector, the Industrial Products and Services Index eased 0.15 of-a-point to 165.08, the Plantation Index fell 8.56 points to 7,660.22 and the Financial Services Index slipped 0.95 of a point to 18,126.37. The Energy Index rose 2.05 points to 742.44.

08/09/2025

KUALA LUMPUR: Bursa Malaysia opened higher on Monday, catching up with regional markets that rallied last Friday.

At 9.21am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.06 points to 1,582.21 from last Thursday’s close of 1,578.15.

The index began the session 3.07 points firmer at 1,581.22.

Market breadth was positive, with 283 gainers and 151 decliners, while 340 counters were unchanged. Another 2,568 were untraded and eight suspended.

The local bourse was closed on Friday for the Maulidur Rasul holiday.

Rakuten Trade Sdn Bhd’s vice president of equity research Thong Pak Leng said the FBM KLCI ended last week on a flat note during a short trading week with muted buying support.

He said that the barometer index is expected to play catch-up with the strong regional performance last Friday and hover within the 1,580-1,595 range.

“We noticed that although the recently concluded earnings season had been decent, most research houses prefer to remain cautious. Hence, the KLCI is expected to trend between 1,620 and 1,690 by end-2025,” he added.

Among the heavyweights, Maybank rose one sen to RM10.00, Public Bank gained two sen to RM4.29, Tenaga Nasional added 10 sen to RM13.16, while IHH Healthcare and Press Metal were flat at RM6.91 and RM5.58, respectively. CIMB eased five sen to RM7.25.

In active trade, Jaks advanced 0.5 sen to 10.5 sen, NexG was one sen higher at 49 sen, while Velesto and Wawasan Dengkil both gained 0.5 sen to 21 sen and 26 sen, respectively.

On the broader market, the FBM Emas Index added 35.15 points to 11,750.44, the FBMT 100 Index gained 32.72 points to 11,516.88, and the FBM Emas Shariah Index rose 45.73 points to 11,721.25.

The FBM 70 Index climbed 60.87 points to 16,495.58, while the FBM ACE Index was 12.68 points higher at 4,751.41.

By sector, the Industrial Products and Services Index edged up 0.53 of 1.0 point to 163.52, the Plantation Index advanced 16.22 points to 7,620.65, and the Financial Services Index gained 29.35 points to 18,143.79. The Energy Index eased 1.59 points to 742.03.

05/09/2025

KUALA LUMPUR: The ringgit closed slightly lower against the US dollar today following a 0.1% rise in the US Dollar Index (DXY) to 98.245 points despite a weaker-than-expected job openings report in the US, said an analyst.
Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said market attention is now on the ADP employment change report, which measures private-sector job creation in the US, with consensus expectations at 65,000 new jobs in August compared with 104,000 in the previous month.

“Initial jobless claims were expected to edge slightly higher to 230,000 last week from 229,000 the week before.

“In a sense, traders and markets can agree that signs of economic weakness in the US are becoming clearer,” he told Bernama.

He said the case for an interest rate cut has therefore become more compelling, with futures pricing now showing a more than 90% probability of a rate reduction.

“However, the US dollar seems to gain some strength. On that note, traders and investors are likely to be more guarded as the nonfarm payrolls (NFP) data point could surprise on the upside this Friday,” he added.

At 6pm, the local currency eased to 4.2260/4.2320 from yesterday’s close of 4.2230/4.2285.

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

It rose against the euro to 4.9203/4.9273 from 4.9223/4.9287, but slipped versus the yen to 2.8489/2.8531 from 2.8430/2.8469 and reduced against the pound to 5.6793/5.6874 from 5.6614/5.6687.

Against Asean currencies, the ringgit was also mostly lower, except for a slight strengthening against the Singapore dollar to 3.2775/3.2824 from 3.2777/3.2822 previously.

The local currency eased against the Thai baht to 13.0666/13.0908 from 13.0529/13.0759, was marginally lower versus the Indonesian rupiah at 257.3/257.7 from 257.2/257.7, and slipped against the Philippine peso to 7.40/7.42 from 7.37/7.38.

02/09/2025

KUALA LUMPUR: DBS Group Holdings Ltd’s plan to buy a stake in Alliance Bank Malaysia Bhd has stalled as Singapore’s biggest bank has yet to get regulatory approval to commence talks, according to people with knowledge of the matter.

“DBS and Alliance’s largest shareholder, Vertical Theme Sdn Bhd submitted separate applications to Malaysia’s central bank about eight months ago but haven’t heard back from the regulator,” said the people, asking not to be identified because the process is private.

Local rules require them to seek approval to start discussions.

Bloomberg News reported in January that Vertical Theme, a Malaysian holding company backed by Singapore state investor Temasek Holdings Pte Ltd, was considering selling its 29% stake in Alliance Bank to DBS.

“If a deal goes through, DBS may want to raise its stake in Alliance to as much as 49% via a voluntary partial general offer,” the people said.

“Malaysia currently caps foreign ownership of commercial banks at 30%, but there has recently been talk of the government relaxing the limit in some sectors,” the people said.

“A deal for the Alliance Bank stake is unlikely to proceed if DBS cannot get a green light to buy as much as 49% of the Malaysian lender,” one of the people said.

“Considerations are ongoing and no final decisions have been made,” the people said.

Representatives for DBS and Vertical Theme’s backers declined to comment, while Alliance Bank said it had no knowledge on the matter.

Bank Negara Malaysia (BNM), the country’s central bank, said it does not comment publicly on specific applications on acquisition or disposal of interest in shares of its regulated entities as a matter of policy.

Applications concerning the shareholding of licensed banks, including those submitted by foreign entities, are assessed in accordance with the relevant provisions under the Financial Services Act 2013 and the Islamic Financial Services Act 2013, BNM said in a statement in response to queries from Bloomberg News.

A transaction for Alliance would give DBS a wider footprint in Malaysia, where Singaporean rivals Oversea-Chinese Banking Corp and United Overseas Bank Ltd already have an established presence.

DBS is Southeast Asia’s largest bank by total assets.

Temasek owns 49% of Vertical Theme via Duxton Investment & Development Pte Ltd, while the remainder is held by RRJ Capital founder Richard Ong, hotelier Ong Beng Seng and corporate adviser Seow Lun Hoo through Langkah Bahagia Sdn Bhd.

Temasek is also DBS’s biggest shareholder with a 28.3% stake in the company.

Alliance Bank’s shares have fallen 4.8% this year, roughly in line with the performance of Kuala Lumpur’s main stock benchmark index.

The Malaysian lender has a market capitalisation of about RM7.8 billion (US$1.8 billion).

29/08/2025

KUALA LUMPUR: Bursa Malaysia retreated in early trade due to profit-taking amid a lack of fresh local catalysts, despite the positive performance on Wall Street overnight.

At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 2.16 points to 1,584.91 after closing at 1,587.07 yesterday. The index opened 0.24 of-a-point lower at 1,586.83.

In the broader market, decliners beat gainers 223 to 139, while 245 counters were unchanged, with 1,990 untraded and 66 suspended.

Turnover was 243.90 million shares worth RM128.83 million.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng noted that the S&P 500 touched another record high overnight as traders were convinced that Nvidia’s earnings further affirmed the prevailing artificial intteligence boom, despite with some initial concerns.

“Meanwhile, the US 10-year yield eased to 4.21%, further highlighting the rate cut possibility by the US Federal Reserve (Fed) in mid-September,” he added.

Back home, Thong said that despite a rather positive performance throughout the day, the FBM KLCI ended marginally lower yesterday, attributed to last minute selling activities. “We believe this could be due to profit taking by foreign funds. For today, we expect the index to hover in the 1,585-1,595 range ahead of the long weekend,” he added.

Among heavyweight stocks, Maybank shed three sen to RM9.92, Public Bank shaved one sen to RM4.27, and CIMB Group slipped 2.0 sen to RM7.43. Tenaga Nasional eased six sen to RM13.38, while IHH Healthcare added 2.0 sen RM6.81.

In actively traded stocks, Tanco Holdings lost two sen to 70.5 sen, Genetec Technology fell 6.5 sen to 57 sen, while Reneuco and Mtouche Technology edged down half-a-sen to two sen and four sen, respectively. Eversendai added 2.5 sen to 46.5 sen.

On the index board, the FBM Emas Index slipped 19.02 points to 11,761.62, the FBMT 100 Index eased 15.02 points to 11,538.27, and the FBM Emas Shariah Index weakened 23.21 points to 11,724.58. The FBM 70 Index gave up 18.33 points to 16,533.87, and the FBM ACE Index slipped 16.68 points to 4,725.92.

Sector-wise, the Financial Services Index declined 29.87 points to 18,145.56, and the Industrial Products and Services Index trimmed 0.64 of-a-point to 162.57. The Plantation Index was 2.52 points higher at 7,614.42, and the Energy Index added 1.55 points to 747.60.

27/08/2025

KUALA LUMPUR: Bursa Malaysia opened slightly firmer on Wednesday but reversed course within minutes, with the benchmark slipping on spillover profit-taking from yesterday’s sell-off despite overnight gains on Wall Street.

At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 3.26 points to 1,578.33 after closing at 1,581.59 yesterday.

The index had opened 0.18 of-a-point higher at 1,581.77.

Market breadth turned negative, with 176 decliners edging out 164 advancers. Another 264 counters were unchanged, 2,035 untraded and 69 suspended.

Turnover was 167.99 million shares worth RM120.82 million.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said Wall Street closed firmer as traders brushed aside US President Donald Trump’s removal of Federal Reserve governor Lisa Cook.

“Instead, the market is focusing on earnings from Nvidia later today, while the US 10-year yield inched up to 4.26%,” he noted.

Back home, Thong said the FBM KLCI, faced with mounting selling pressure, slid to just above the 1,580 threshold.

“The sell-down was rather drastic amid a regional sell-off, as illustrated by the spike in daily trading volume to above the four billion level.

“A quick rebound is possible. As such, we expect the index to remain range-bound between 1,580 and 1,590 today,” he added.

Among heavyweights, Tenaga Nasional added 6.0 sen to RM13.50. Maybank eased 2.0 sen to RM9.73, Public Bank slipped 6.0 sen to RM4.36, CIMB Group shed 1.0 sen to RM7.39, while IHH Healthcare was flat at RM6.77.

In actively traded stocks, Magma Group rose 3.5 sen to 34 sen, Vetece Holdings gained 2.0 sen to 32 sen, Tanco Holdings added 1.0 sen to 73 sen, while Pharmaniaga and Avangaad inched up half-a-sen each to 17.5 sen and 30.5 sen, respectively.

On the index board, the FBM 70 Index advanced 33.33 points to 16,486.50, the FBM ACE Index added 10.79 points to 4,762.44, and the FBM Emas Shariah Index edged up 3.88 points to 11,681.16.

Meanwhile, the FBM Emas Index slipped 9.44 points to 11,724.83, and the FBMT 100 Index declined 12.25 points to 11,493.97.

Sector-wise, the Energy Index rose 1.28 points to 748.48. The Financial Services Index fell 52.80 points to 18,036.69, the Industrial Products and Services Index slipped 1.07 points to 162.55, and the Plantation Index eased 3.73 points to 7,570.40.

25/08/2025

KUALA LUMPUR: Bursa Malaysia opened higher on Monday, extending last week’s gains as investors tracked Wall Street’s upbeat close on Friday.

At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 9.78 points to 1,607.25 from Friday’s close of 1,597.47.

The benchmark index had opened 5.35 points firmer at 1,602.82.

Market breadth was positive, with 291 gainers outpacing 111 losers. Another 278 counters were unchanged, 1,924 untraded and 13 suspended.

Turnover stood at 199.12 million shares worth RM132.80 million.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said Wall Street’s rally followed a speech by US Federal Reserve chair Jerome Powell that fuelled expectations of a rate cut next month.

“It seems Powell is finally yielding to mounting political pressure and will adjust rates in September. As a result, the US 10-year yield eased to 4.25%,” he added.

Domestically, Thong noted the FBM KLCI briefly breached the 1,600 mark before settling at 1,597 last week.

“Judging from recent buying support by local institutions, we believe the index should break the 1,600 threshold with ease. As such, we expect it to hover in the 1,600–1,620 range today,” he added.

Among heavyweight stocks, Maybank gained 7.0 sen to RM9.87, Public Bank added 1.0 sen to RM4.48, Tenaga Nasional rose 10 sen to RM13.66 and IHH Healthcare advanced 3.0 sen to RM6.87, while CIMB Group was flat at RM7.46.

On the actively traded list, Mtouch Tech edged up 1.0 sen to 5.5 sen. Zetrix AI and NEXG climbed 1.5 sen each to 88.5 sen and 47.5 sen, respectively.

Magma Group slipped 4.5 sen to 26.5 sen, while Oxfort Innotech eased 2.0 sen to 44.5 sen.

On the index board, the FBM Emas Index climbed 71.41 points to 11,905.97, the FBMT 100 Index advanced 73.09 points to 11,684.26, the FBM Emas Shariah Index surged 90.08 points to 11,851.50, the FBM 70 Index jumped 113.32 points to 16,669.72 and the FBM ACE Index added 17.01 points to 4,760.63.

By sector, the Financial Services Index gained 66.28 points to 18,289.24, the Industrial Products and Services Index inched up 0.30 of-a-point to 165.63, the Energy Index improved 3.44 points to 752.38 and the Plantation Index rose 47.84 points to 7,656.23.

22/08/2025

KUALA LUMPUR: Buying in selected heavyweights lifted Bursa Malaysia at the open on Friday, extending the previous day’s gains, while sentiment stayed cautious over the global economic outlook, a dealer said.

At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.80 points to 1,597.67 from 1,592.87 at Thursday’s close.

The benchmark index had opened 0.93 of-a-point firmer at 1,593.80.

Market breadth was positive, with 194 gainers outpacing 127 decliners, while 272 counters were unchanged, 2,001 untraded and 12 suspended. Turnover stood at 184.96 million shares worth RM94.62 million.

Malacca Securities Sdn Bhd said in a note that despite the selldown on Wall Street, the local market could stay supported, led by the Utilities sector.

“Wall Street extended its losing streak as weakness in retail and tech weighed on sentiment. Walmart tumbled on mixed earnings, while artificial intelligence (AI) optimism was dented by a Massachusetts Institute of Technology report highlighting poor returns on investment in AI.

“Meanwhile, jobless claims came in higher than expected, suggesting a slowing labour market. Investors will turn to Jerome Powell’s upcoming speech at Jackson Hole for clues on the path of interest rates,” it said.

Among the heavyweights, Maybank and Tenaga Nasional rose 6.0 sen each to RM9.84 and RM13.70, respectively. Public Bank added 2.0 sen to RM4.47, CIMB gained 1.0 sen to RM7.46, while IHH Healthcare was flat at RM6.81.

In actively traded stocks, Widad eased half-a-sen to 1.5 sen, Ivory Properties slipped 1.5 sen to half-a-sen, while SFP Tech and Reneuco added half-a-sen each to 16 sen and 3.5 sen, respectively.

On the broader market, the FBM Emas Index rose 33.72 points to 11,834.63, the FBM 100 Index was up 34.82 points to 11,617.25, the FBM Emas Shariah Index climbed 31.68 points to 11,749.61, and the FBM Mid 70 Index advanced 49.55 points to 16,585.77. The FBM ACE Index slipped 3.39 points to 4,704.94.

By sector, the Financial Services Index gained 72.13 points to 18,256.28, the Plantation Index added 6.21 points to 7,612.73, the Energy Index was 0.30 of-a-point higher at 751.03, and the Industrial Products and Services Index edged up 0.30 of-a-point to 163.97.

20/08/2025

KUALA LUMPUR: Bursa Malaysia opened slightly lower today due to mild profit taking in selected heavyweights after recent gains, amid weaker sentiments on the global economic outlook, a dealer said.

At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 1.16 points to 1,589.08 from yesterday’s close of 1,590.24.

The benchmark index opened 2.21 points lower at 1,588.03.

Market breadth was negative with decliners leading advancers 166 to 145, while 264 counters were unchanged, 2,019 untraded and 16 suspended.

Turnover stood at 123.43 million shares worth RM75.37 million.

In a note, Malacca Securities Sdn Bhd expects the FBMKLCI to trade in a lacklustre tone today, tracking Wall Street’s weaker overnight performance.

“However, buying interest might emerge in domestic-driven consumer-related counters, such as 99SMART and MRDIY, which are expected to benefit from government cash aid and handouts,” it said in a note.

The brokerage firm said the Wall Street closed mostly lower as investors shifted out of significantly overstretched large-cap tech stocks and moved into small caps and value stocks ahead of the Jackson Hole meeting this Friday.

“Traders’ focus this week will be on Jerome Powell’s speech at the Jackson Hole Symposium, where the market is speculating the US Federal Reserve to adopt a more dovish tone and potential rate cut in September, with the probability currently at 86.1%,” it said.

Among heavyweights, Maybank was 3.0 sen higher at RM9.83 and IHH Healthcare added 2.0 sen to RM6.87, while Public Bank slipped 1.0 sen to RM4.45, and both Tenaga Nasional and CIMB fell 2.0 sen each to RM13.70 and RM7.37, respectively.

On the actively traded list, Vantris Energy eased half-a-sen to 3.5 sen, Pestec and Magma trimmed 1.0 sen each to 11.5 sen and 37 sen, respectively, while Tanco was flat at 73 sen.

On the broader market, the FBM Emas Index shed 9.48 points to 11,802.93, the FBMT 100 Index declined 9.93 points to 11,587.72, the FBM Emas Shariah Index gave up 13.14 points to 11,718.26, and the FBM Mid 70 Index went down 20.95 points to 16,689.02, while the FBM ACE Index earned 0.05 of a point to 4,709.74.

By sector, the Financial Services Index reduced 11.09 points to 18,174.41, the Plantation Index improved 3.59 points to 7,550.07, the Energy Index edged down 0.44 of a point to 749.78, and the Industrial Products and Services Index eased 0.12 of a point to 159.

Prolintas Group

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