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Cashing In: Top Stocks to Watch in Bursa Malaysia
Kuala Lumpur, Jun 10 - The stock market has been on a rollercoaster ride lately, but wise investors know that a bear market is great for finding hidden gems! With Bursa Malaysia ending the morning session in the green today, let's take a look at some fundamentally strong companies that are worth a second glance.
At 12:30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) surged 2.08 points to 1,521.49, up from Monday's close of 1,519.41. And while the overall market mood remains cautious due to mixed regional performances, there's no denying that buying interest is shifting towards robust companies.
If you're on the hunt for promising investments, here are some heavyweights that tick all the boxes:
- 99 Speed Mart: This popular convenience store chain is speeding ahead, adding nine sen to RM2.19.
- Axiata: Wireless communications provider Axiata saw a six-sen boost, trading at RM2.09.
- Public Bank: The banking powerhouse rose two sen to RM4.28, indicative of its financial strength.
- Telekom Malaysia: The telecommunications giant added nine sen, trading at RM6.65 per share.
- MR DIY: The home-improvement retailer bagged three sen each, now valued at RM1.64.
- Press Metal: The aluminum giant also gained three sen, currently trading at RM5.03.
Sectors to Watch
Looking beyond the individual stocks, some sectors are poised for growth due to increased demand and long-term structural advantages. Here are a few sectors and key companies to keep an eye on:
- Consumer products and services: F&N and Nestle are two strong performers in this sector, with F&N experiencing significant growth and Nestle showing remarkable resilience.
- Financials: If you're interested in banking, consider Maybank, Public Bank, and CIMB, as they continue to demonstrate strong performance.
- Utilities: Tenaga Nasional, the primary energy provider, has maintained a stable price, reflecting consistent demand.
- Data Centre-Related Counters: As data storage and processing becomes increasingly important, this sector is becoming a hotbed for growth. Although specific companies weren't mentioned, keep an eye on any data center counters that pop up on your radar.
- Other Strong Performers: YTL Corporation and Gamuda are also worth a look, as both companies have shown remarkable improvement in recent trading.
Market Trends and Outlook
- Positive Economic Indicators: The manufacturing sector's sales value rose by 4.8% year-on-year in April 2025, suggesting a solid economic foundation.
- Improved Trading Activity: Enhanced trading volume and activity indicate renewed confidence in local industries.
- Trade Tensions: Despite encouraging trends, brewing trade tensions between major economies can curb gains and impact investor sentiment.
In light of these trends, focus on companies with strong domestic demand and structural advantages. These factors should help shore up performance in an uncertain global trade environment. Stay vigilant and happy investing! 💸💰📈📉
- In the bustling city of Kuala Lumpur, environmental concerns have taken center stage, with news of a proposed eco-friendly transformation project making headlines in Malaysia.
- The health sector in Malaysia has recently seen an influx of investment, as the Industry Ministry announced plans to allocate more funds towards research and development in the sector.
- As finance continues to be a key driver of economic growth in Malaysia, the Bursa Malaysia has seen an increase in business ventures focusing on sustainable and socially responsible investments.
- In response to the growing demand for data storage and digital services, several financial institutions in Kuala Lumpur have pledged to fund the expansion of the tech industry in Malaysia, aiming to bolster the country's digital infrastructure.
