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MARKET • 15/07/2025 02:06 PM

Bursa Malaysia Lower At Midday As Investors Assess US Tariff Impact

KUALA LUMPUR, July 15 (Bernama) -- Bursa Malaysia continued its negative tone at midday as investors assessed the impact of United States (US) tariffs on key trading partners amid mixed regional market performance.

At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 4.25 points, or 0.28 per cent, to 1,533.26 from Monday’s close of 1,537.51.

The benchmark index opened 1.45 points lower at 1,536.06, and subsequently moved between 1,532.41 and 1,538.56 during the session.

The broader market was negative with decliners outnumbering gainers 464 to 367, while 477 counters were unchanged, 1,121 untraded and eight suspended.

Turnover stood at 1.86 billion units worth RM1.04 billion.

In a research note today, Hong Leong Investment Bank Bhd (HLIB) anticipates the FBM KLCI to remain in consolidation phase as investors weigh the broader implications of the United States’ (US) renewed tariff rhetoric, targeting key trading partners.

It said the benchmark index was further pressured by a confluence of external and domestic overhangs, namely uncertainty surrounding the US-Malaysia tariff negotiations, with a potentially prolonged process to reduce the 25 per cent import duties ahead of the Aug 1 deadline

“Therefore, we see the FBM KLCI weekly supports and resistances at 1,500-1,528 and 1,551-1,570, respectively,” it said.

Meanwhile, Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng believes that the local market velocity should improve going forward, though the impact from the overnight policy rate (OPR) cut will not be immediately felt.

“For today, we expect the index to remain within a tight trading range of 1,535-1,545,” he said.

Among the heavyweights, Maybank, Tenaga Nasional and CIMB all fell four sen to RM9.68, RM13.94 and RM6.65, respectively. Public Bank dropped three sen to RM4.31, while IHH Healthcare eased one sen to RM6.58.

As for the most active stocks, NexG gained half a sen to 47.5 sen, Nationgate improved eight sen to RM1.69 and SNS Network added 1.5 sen to 56.5 sen, while Zetrix AI decreased 5.5 sen to 93 sen and Tanco was flat at 90.5 sen.

On the index board, the FBM Emas Index reduced 27.60 points to 11,530.86, the FBMT 100 Index edged down 29.55 points to 11,291.49, and the FBM Emas Shariah Index trimmed 27.79 points to 11,532.81.

The FBM 70 Index declined 36.13 points to 16,751.07, while the FBM ACE Index went up 17.48 points to 4,589.

Sector-wise, the Financial Services Index declined 80.17 points to 17,583.70, the Industrial Products and Services Index added 0.49 of a point to 154.36, the Energy Index ticked down 4.66 points to 742.72, and the Plantation Index climbed 3.91 points to 7,438.01.

-- BERNAMA

 

 

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