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Acre Capital INV In the initial years…compounding tests your patience and in later years, your bewilderment.

KUALA LUMPUR: Bursa Malaysia rose at the open on Tuesday, tracking Wall Street gains after Nvidia Corp announced a partn...
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.

KUALA LUMPUR: Bursa Malaysia wrapped up the holiday-shortened trading week on a slightly weaker note today, remaining be...
20/09/2025

KUALA LUMPUR: Bursa Malaysia wrapped up the holiday-shortened trading week on a slightly weaker note today, remaining below the 1,600 points psychological level amid a lack of fresh leads.

Berjaya Research Sdn Bhd head of research Kenneth Leong said mild selling pressure in selected banking heavyweight stocks also weighed on the benchmark index.

He reckons that for now, the key index may attempt to build a base at around the 1,600-point psychological level before resuming its recovery path towards the immediate resistance level at 1,611 points, followed by 1,620 points.

Meanwhile, Rakuten Trade vice-president Thong Pak Leng said the FTSE Bursa Malaysia KLCI (FBM KLCI) trading below 1,600 had been a “healthy pause”, allowing the market to digest gains and build a stronger base for the next uptrend.

“The overall trend remains constructive, as the shallow pullbacks indicate investors are holding their positions, reflecting underlying market confidence,” he told Bernama.

At 5pm, the FBM KLCI ended at 1,598.23, down 0.70 of-a-point or 0.04% from yesterday’s close of 1,598.93.

The benchmark index opened marginally higher at 1,598.99 and fluctuated between 1,595.68 and 1,600.40 throughout the day.

However, the market breadth was positive, with gainers leading decliners 565 to 492, while 482 counters were unchanged, 1,109 untraded and 13 suspended.

Turnover widened to 3.59 billion units worth RM4.16 billion from 2.56 billion units worth RM2.52 billion yesterday.

Among the heavyweights, Maybank lost eight sen to RM9.80, Public Bank eased one sen to RM4.24, and CIMB slipped nine sen to RM7.23. Tenaga rose 10 sen to RM13.38, and IHH added two sen to RM7.33.

In active trade, Focus Dynamics and TWL were 0.5 sen lower at 0.5 sen and 2.5 sen, respectively.

Pharmaniaga erased two sen to 26.5 sen, while VS Industry gained 4.5 sen to 59.5 sen, and Malakoff was flat at 97.5 sen.

Top losers included Nestle, which lost 28 sen to RM94.72, while Hong Leong Financial and Sunway Construction fell 22 sen each to RM16.94 and RM6.13, respectively.

Among the top gainers, MPI surged 58 sen to RM29.12, UWC climbed 37 sen to RM3.70, and Petronas Gas jumped 22 sen to RM18.50.

Sam Engineering bagged 20 sen to RM4.10.

On the broader market, the FBM Emas Index gained 8.53 points to 11,896.43, the FBMT 100 Index added 7.06 points to 11,647.31, and the FBM Emas Shariah Index bounced 48.27 points to 11,963.37.

The FBM 70 Index climbed 63.66 points to 16,743.40, while the FBM ACE Index was 43.75 points higher at 4,915.43.

By sector, the industrial products and services index picked up 1.42 points to 168.11, the financial services index lost 93.66 points to 18,003.30, and the plantation index increased 11.77 points to 7,744.34. The energy index gained 2.27 points to 755.32.

The Main Market volume increased to 2.32 billion units, valued at RM3.90 billion, from 1.57 billion units worth RM2.26 billion yesterday.

Warrants turnover dropped to 637.62 million units, valued at RM93.26 million, from 641.29 million units worth RM107.66 million previously.

The ACE Market volume widened to 626.63 million shares worth RM164.47 million, from 354.4 million shares worth RM145.66 million yesterday.

Consumer products and services counters accounted for 275.93 million shares traded on the Main Market, industrial products and services (377.01 million), construction (151.54 million), technology (237.1 million), financial services (124.51 million), property (341.89 million), plantation (29.96 million), REITs (114.44 million), closed/fund (66,500), energy (137.15 million), healthcare (190.74 million), telecommunications and media (86.35 million), transportation and logistics (94.21 million), utilities (167.49 million), and business trusts (107,000).

KUALA LUMPUR: The ringgit opened lower against the US dollar today, as the greenback strengthened following the US Feder...
18/09/2025

KUALA LUMPUR: The ringgit opened lower against the US dollar today, as the greenback strengthened following the US Federal Reserve’s (Fed) decision to cut its benchmark interest rate by 25 basis points.

Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said there may be profit-taking in emerging market currencies, including the ringgit, after the US Dollar Index gained 0.25% to 96.873 points.

He noted that the ringgit appreciated 0.35% to close at RM4.1880 against the US dollar yesterday.

“The US dollar-ringgit is likely to hover between RM4.19 and RM4.20 as the Fed has signalled that its rate cuts will be gradual,” he told Bernama.

The Fed lowered its benchmark interest rate at the September meeting yesterday, its first cut since December 2024, and indicated that further reductions are likely before year-end.

At the opening, the ringgit traded mostly lower against a basket of major currencies except for the Japanese yen.

At 8am, the local note eased to 4.1943/4.1988 from yesterday’s close of 4.1860/4.1900.

It strengthened against the yen at 2.8522/2.8585 from 2.8607/2.8636 at yesterday’s close, but weakened to 5.7156/5.7217 against the British pound from 5.7131/5.7185 and was slightly lower vis-a-vis the euro to 4.9589/4.9642 from 4.9583/4.9631 previously.

Against Asean currencies, the local note was mostly lower except for the Thai baht.

It strengthened against the Thai baht at 13.1826/13.2050 from 13.1892/13.2081 yesterday.

It fell to 3.2822/3.2860 against the Singapore dollar from 3.2793/3.2827, depreciated to 255.1/255.5 versus the Indonesian rupiah from 254.6/255.0 and slipped against the Philippine peso at 7.37/7.38 compared with Friday’s 7.36/7.37.

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