FBM KLCI - at fresh record high

Stocks on Bursa Malaysia strengthened at the close last Friday on window-dressing as there is only one trading day left on Monday for the year of 2012. After hitting a record high of 1,686.70 as early as the first minute of trading in the morning, the FBM KLCI closed 7.17 points or 0.43% higher at 1,681.33, and on a Friday-to-Friday basis, the benchmark index gained 22.48 points from previous Friday's closing of 1,658.85. Advancers led decliners by 436 to 255 while 345 counters were unchanged. Total volume edged up to 853.829 million shares valued at RM1.276 billion from Thursday's 847.551 million shares valued at RM1.16 billion. Weekly turnover declined to 2.92 billion shares worth RM3.941 billion from the previous week's 3.875 billion shares worth RM6.57 billion. ...Read more>>

FBM KLCI - sign of toppishness

Stocks on Bursa Malaysia staged a late rally yesterday which pushed the FBM KLCI to almost break the all-time high of 1,679.37 recorded end-October. Other regional bourses also closed on a firm note. The benchmark index, which hit 1,679.23 at 3.09 pm, retreated and closed 2.58 points or 0.15% higher at 1,674.16 after opening 1.74 points higher at 1,673.32, has been hovering above 1,670 since trading opened. Gainers thumped losers by 396 to 278 while 323 counters were unchanged. Total volume surged to 847.551 million shares worth RM1.16 billion from 598.845 million shares worth RM703.926 million on Wednesday. ...Read more>>

FBM KLCI - higher on late buying support

Stocks on Bursa Malaysia ended in positive territory yesterday on last-minute buying in select heavyweights. The FBM KLCI rose 2.18 points or 0.13% to close at 1,671.58 compared with Monday's 1,669.40. The benchmark index, which opened at 1,669.50, moved between 1,665.83 and 1,673.19 throughout the trading session. Gainers outnumbered losers by 324 to 296 while 314 counters were flat. Total volume fell to 598.845 million shares valued at RM703.926 million from 620.098 million shares valued at RM801.176 million on Monday. The market was closed on Tuesday for Christmas holiday. ...Read more>>

FBM KLCI - higher on thin volume

Stocks on Bursa Malaysia closed on a positive note Monday on active window-dressing activities by fund managers, despite the one-day Christmas break on Tuesday. Petronas Gas emerged as the main contributor to the FBM KLCI rise with 2.216 points. The barometer index closed 10.55 points or 0.64% higher at 1,669.40 after opening 3.97 points higher at 1,662.82, and moved between 1,659.86 and 1,674.49. Losers led gainers by 279 to 324 while 330 counters were unchanged. Trading was mild with total volume declined to 620.098 million shares worth RM801.176 million, compared to Friday's 699.963 million shares valued at RM1.204 billion. ...Read more>>

FBM KLCI - likely to consolidate with upward bias at late week

Stocks on Bursa Malaysia closed lower last Friday on profit-taking as investors trim their positions ahead of the Christmas and New Year holidays. The benchmark FBM KLCI fell 11.75 points or 0.70% to 1,658.85, was dragged down by losses seen in key heavyweights and consumer-related counters, after opening 3.51 points lower at 1,667.09, and moved between 1,658.85 and 1,668.42. On a weekly basis, the benchmark barometer gained  6.87 points from 1,651.98 previously. Losers led gainers by 380 to 266, while 328 counters were unchanged. Volume dropped to 699.962 million shares worth RM1.203 billion from Thursday's 883.819 million shares worth RM1.378 billion, and weekly turnover fell to 3.874 billion shares worth RM6.569 billion from the 4.31 billion shares worth RM7.6 billion done in the previous week. ...Read more>>

FBM KLCI - uptrend continues

Stocks on Bursa Malaysia extended their gains yesterday for the third consecutive day following positive external developments which lifted sentiments, as regional bourses received a boost after the Bank of Japan made a decision to boost the size of its asset-purchase programme by 10 trillion yen, broadly in line with market projections. The benchmark FBM KLCI advanced 4.96 points or 0.30% higher to 1,670.60 after opening 2.37 points lower at 1,663.27, and hovered between 1,661.21 and 1,670.6 supported by gains seen in the finance counter and banking heavyweights. Gainers led losers by 358 to 273, while 333 counters were unchanged. Volume expanded to 883.819 million shares worth RM1.378 billion from Wednesday's 737.148 million shares valued at RM1.445 billion. ...Read more>>

FBM KLCI - sign of exhaustion

Stocks on Bursa Malaysia finished in the positive territory for the second consecutive day yesterday helped by gains in telecommunications and plantation blue-chips. The overnight jump on Wall Street and firmer Asian stocks also helped boost overall market sentiment. The benchmark FBM KLCI which opened 6.98 points higher at 1,666.42 gained 6.2 points or 0.37% to 1,665.64, after moving between 1,660.99 and 1,667.7 for the day. Gainers led losers by 343 to 305, while 356 counters were unchanged. Volume fell to 737.148 million shares valued at RM1.445 billion from Tuesday's 826.965 million shares worth RM1.419 billion. ...Read more>>

FBM KLCI - bullish up move

Stocks on Bursa Malaysia rebounded from recent losses to close on a firm note yesterday due to renewed buying interest in blue-chip counters amid bullish market sentiment on most regional markets. The benchmark FBM KLCI surged 10.86 points or 0.66% to 1,659.44, after opening 1.91 points higher at 1,650.49, and hovered between 1,650.49 and 1,659.44. Gainers outpaced losers by 313 to 308, while 366 counters were unchanged. Volume rose to 826.965 million shares worth RM1.419 billion from 726.748 million shares valued at RM1.122 billion on Monday. ...Read more>>

FBM KLCI - lower on profit-taking

Stocks on Bursa Malaysia closed lower yesterday as investors stayed on the sidelines on lack of fresh leads to spur the local bourse, and the lack of progress in talks aimed at averting the US fiscal cliff has also discouraged investors from taking any major positions. The benchmark FBM KLCI fell 3.4 points or 0.21% to close at 1,648.58. The barometer index had moved within a narrow range of between 1,643.78 and 1,648.62 throughout the day. Losers led gainers by 399 to 259, while 291 counters were unchanged. Volume fell to 726.748 million shares valued at RM1.122 billion from 766.45 million shares valued at RM1.33 billion last Friday. ...Read more>>

FBM KLCI - likely to consolidate on profit-taking

Stocks on Bursa Malaysia closed slightly lower last Friday on profit-taking activities as investors looked to sell assets as the year was coming to a close amid mixed trading sentiment in regional stock markets. The benchmark FBM KLCI ended 0.77 of a point lower at 1,651.98 after opening 0.28 of a point lower at 1,652.47, and moved between 1,644.53 and 1,652.87 throughout the day. Week-on-week, it gained 34.21 points from 1,617.77 previously. Losers led gainers by 340 to 302 while 324 counters were unchanged. Volume shed to 766.45 million shares worth RM1.33 billion from Thursday's 881.12 million shares worth RM1.54 billion. Weekly turnover increased to 4.31 billion shares valued at RM7.6 billion from previous week's 4.199 billion shares valued at RM6.171 billion. ...Read more>>

FBM KLCI - sign of exhaustion

Stocks on Bursa Malaysia closed slightly higher yesterday despite mild profit- taking activities in financial and industrial counters. The benchmark FBM KLCI ended 3.0 points or 0.18% higher at 1,652.75, lifted by gains in most palm oil and plantation-based counters. The index moved between 1,649.44 and 1,656.62 throughout the day after opening 2.48 points higher at 1,652.53. Losers led gainers by 365 to 306 while 324 counters were unchanged. Volume shed to 881.12 million shares, worth RM1.54 billion, from Wednesday's 950.47 million shares, worth RM1.77 billion. ...Read more>>

FBM KLCI - continue running higher

Stocks  on Bursa Malaysia maintained its steady trend to close higher yesterday, spurred by buying interest in selected blue-chip counters on year-end window-dressing activity and steadier regional markets. The benchmark FBM KLCI ended 8.18 points or 0.5% higher at 1,649.75, lifted by gains in key finance stocks. The index moved between 1,643.51 and 1,650.85 throughout the day after opening 2.58 points higher at 1,644.15. Gainers led losers 356 to 290 while 317 counters were unchanged. Volume rose to 950.47 million shares, worth RM1.77 billion, from Tuesday's 899.63 million shares, worth RM1.6 billion. ...Read more>>

FBM KLCI - trend has reversed up

Stocks on Bursa Malaysia closed higher for the third consecutive day yesterday on continued buying interest, spurred by better performance of regional markets and year end window-dressing activity. The benchmark FBM KLCI rose 9.24 points or 0.58% to close at 1,641.57, lifted by gains in plantation stocks. The index moved between 1,633.82 and 1,642.23 after opening 1.67 points higher at 1,633.82. Gainers led losers by 370 to 281 while 331 counters were unchanged. Volume rose to 899.63 million shares worth RM1.6 billion from the 812.07 million shares worth RM1.37 billion on Monday. ...Read more>>

FBM KLCI - turning bullish

Stocks on Bursa Malaysia ended higher yesterday on positive sentiment, and in line with the better performance of regional bourses. The benchmark FBM KLCI rose 14.38 points or 0.89% to close at the day’s highest point of 1,632.15, lifted by gains in banking and plantation stocks. The index had moved between 1,617.97 and 1,632.15 after opening 0.48 of a point higher at 1,618.25. Gainers led losers by 325 to 295, while 335 counters were unchanged. Volume dipped to 812.07 million shares worth RM1.37 billion from the 971.095 million shares worth RM1.221 billion on Friday. ...Read more>>

FBM KLCI - range-bound with an upward bias

Stocks on Bursa Malaysia ended slightly higher last Friday on late buying support. The local market had traded cautiously throughout the week due to the lack of impetus with most investors remaining on the sidelined. The FBM KLCI gained 1.54 points or 0.1% higher to 1,617.77, and week-on-week, it rose 6.94 points from previous week's 1,610.83. Gainers led losers by 329 to 295, while 336 counters were unchanged. Volume rose to 971.095 million shares worth RM1.221 billion from Thursday's 881.16 million shares worth RM1.25 billion, while weekly turnover fell to 4.199 billion shares valued at RM6.171 billion from previous week's 5.39 billion shares, valued at RM8.62 billion. ...Read more>>

FBM KLCI - gradually turning bullish

Stocks on Bursa Malaysia ended on mixed note yesterday in cautious trading in tandem with its regional peers. Ahead of the year-end window-dressing, investors focused on defensive stocks like Nestle and British American Tobacco (BAT), which were among the top gainers. However, losses in plantation counters due to the poor outlook on the rubber and crude palm oil sectors for next year, had mitigated the market’s gains. The FBM KLCI rose 2.44 points or 0.15% to close at 1,616.23 after opening at 1,614.71, and moved between 1,614.71 and 1,620.05. Losers led gainers by 365 to 282, while 341 counters were unchanged. Volume rose to 881.16 million shares worth RM1.25 billion from Wednesday's 829.13 million shares worth RM1.19 billion. ...Read more>>

FBM KLCI - breaking out of consolidation

Stocks on Bursa Malaysia ended firmer yesterday as positive economic forecasts for next year boosted the local market sentiment. The Malaysian Institute of Economic Research expected Malaysia’s economy to grow 5.6% next year based on the favourable global economic environment. Meanwhile, Bursa Malaysia’s movement was in line with other regional markets’ performances after the investor appetite was lifted following a pledge from China’s new leader to boost the country’s economic growth next year. The FBM KLCI rose 6.18 points or 0.38% to close at 1,613.79 after opening at 1,609.54 and moved between 1,609.35 and 1,614.51. Gainers outpaced losers by 361 to 293, while 345 counters were unchanged. Volume rose to 829.126 million shares worth RM1.19 billion from 788.99 million shares worth RM1.24 billion on Tuesday. ...Read more>>

FBM KLCI - in consolidation mode

Stocks on Bursa Malaysia ended mixed yesterday lifted by late buying support. The fragile state of the global economy with the looming US fiscal cliff has also affected investor appetite for riskier assets, and locally Bursa Malaysia was trading with a negative breadth ahead of the much-awaited general election. The benchmark FBM KLCI gained 0.26 point to end marginally higher at 1,607.61 after moving between 1,601.71 and 1,608.46. Losers outpaced gainers by 375 to 265, while 329 counters were unchanged. Volume rose to 788.992 million shares worth RM1.235 billion from the 728.743 million shares worth RM1.275 billion on Monday. ...Read more>>

FBM KLCI - lower in quiet market

Stocks on Bursa Malaysia ended lower yesterday due to lack of risk interest among investors amidst speculation that the general election will be held early next year. In the absence of fresh catalyst from the local front, market performance regionally was perturbed over the blurry progress on the US fiscal cliff. However, buying support was partly supported by better-than-expected China’s manufacturing data which signalled positive growth for Asia’s biggest economy. The FBM KLCI fell  3.48 points or 0.22% to 1,607.35 after opening at 1,608.31, and the market barometer moved within a tight range of between 1,606.38 and 1,610.46 throughout the day. Losers outpaced gainers by 394 to 278 while 316 counters were unchanged. Turnover fell to 728.743 million shares worth RM1.275 billion from Friday’s 1.18 billion shares worth RM2.21 billion. ...Read more>>

FBM KLCI - likely to consolidate with an upward bias

Stocks  on Bursa Malaysia closed higher last Friday as risk appetite returned amid positive external developments surrounding the US fiscal cliff and the stronger ringgit. The market remained bullish on rising hopes for a US budget deal and optimism on avoiding the big spending cuts and tax hikes, known as the fiscal cliff, supported risk-taking sentiment, while the stronger ringgit also gave some boost to local shares in driving some money into the local equity market. The FBM KLCI rose 3.51 points or 0.22% to 1,610.83, after opening 3.21 points higher at 1,610.53 and it moved between 1,606.96 and 1,613.56. Week-on-week, the market barometer fell 3.49 points from last week's 1,614.32. Gainers led losers by 382 to 320, while 325 counters were unchanged. Volume rose to 1.18 billion shares worth RM2.21 billion from Thursday's 884.74 million shares worth RM1.53 billion, and weekly turnover rose to 5.39 billion shares valued at RM8.62 billion from previous week's 4.79 billion shares valued at RM7.45 billion. ...Read more>>

FBM KLCI - marginally higher on continued rebound

Stocks on Bursa Malaysia closed slightly higher yesterday, as prices continued to recover after the recent oversold conditions. The market's performance was in tandem with the regional trend, boosted by positive news that the US political leaders were closing in on a budget deal to avoid a so-called "fiscal cliff". Buying interest in banking, telecommunication and oil and gas counters continued to lift the local market amid bullish external sentiments. The FBM KLCI was up 0.8 point or 0.05% to 1,607.32, after opening two points higher at 1,608.52 and moved between 1,607.9 and 1,612.73. Losers led gainers by 354 to 327, while 334 counters were unchanged. Volume fell to 885.74 million shares worth RM1.53 billion from Wednesday's 1.2 billion shares worth RM1.93 billion. ...Read more>>

FBM KLCI - rebounded to close above 1,600

Stocks on Bursa Malaysia ended higher yesterday led by telcos and key banking heavyweights, as  investors are anticipating good financial results from telcos which will announce their quarterly performance soon. The benchmark FBM KLCI rose 8.35 points or 0.52% to 1,606.52, after opening 5.34 points lower at 1,592.83 and moved between 1,590.67 and 1,607.22. Losers slightly outpaced gainers by 358 to 343, while 333 counters were unchanged. Volume rose to 1.2 billion shares worth RM1.93 billion from Tuesday's 1.14 billion shares worth RM1.67 billion. ...Read more>>

FBM KLCI - closing below 1600

Stocks on Bursa Malaysia ended lower yesterday on selling by foreign institutional funds, dragging the FBM KLCI to below the 1,600 level. The local bourse was under pressure the whole day as foreign investors shifted their interest to the on-form regional and major markets. Asian stock markets rose yesterday after the European Union reached an agreement on how to reduce Greece’s debt load. The FBM KLCI fell 9.71 points or 0.6% to 1,598.17, after opening 1.24 points lower at 1,606.64 and it moved between 1,596.58 and 1,606.88. Losers outgunned gainers by 565 to 188, while 304 counters were unchanged. Volume rose to 1.14 billion shares worth RM1.67 billion from Monday's 964.23 million shares worth RM1.27 billion. ...Read more>>

FBM KLCI - bearish mood

Stocks on Bursa Malaysia ended lower yesterday as the players stayed on the sidelines and shifted their interests to the international market, as investors were bearish amid lack of buying support from the local funds on key index heavyweights. The FBM KLCI fell 6.44 points or 0.40% to 1,607.88, after opening 1.26 points higher at 1,615.58. Losers outpaced gainers by 447 to 225, while 313 counters were unchanged. Volume fell to 964.23 million shares worth RM1.27 billion from one billion shares worth RM1.49 billion last Friday. ...Read more>>

FBM KLCI - bearish outlook with a possibility of rebound

Stocks on Bursa Malaysia ended lower last Friday as investors were cautiously sidelined on renewed speculation that the general election will be held soon. The speculation arose due to the upcoming UMNO general assembly, which will be held this week, and the market was expecting the Parliament to be dissolved anytime soon. The benchmark FBM KLCI slipped 4.23 points or 0.26% to 1,614.32, after hovering between 1,611.09 and 1,618.73. Losers led gainers by 436 to 215, while 335 counters were unchanged. Volume rose to one billion shares worth RM1.49 billion from Thursday's 892.34 million shares worth RM1.57 billion. ...Read more>>

FBM KLCI - lower on continued weakness

Stocks on Bursa Malaysia ended lower yesterday on selling pressure despite the gains on regional markets and overnight on Wall Street. Major US equity indices rose between 0.2% and 0.4% amid better economic data and an easing of geopolitical tension in Gaza (Palestine). However, local market sentiment remained weak as investors stayed on the sidelines awaiting a clear direction, besides closely monitoring developments in Europe. The FBM KLCI  fell 4.42 points or 0.27% to close at its lowest level of 1,618.55, after opening at 1,621.22. Losers led gainers by 384 to 219, while 356 counters were unchanged. Volume dwindled to 892.34 million shares worth RM1.57 billion from the 1.03 billion shares worth RM1.59 billion on Wednesday. ...Read more>>

FBM KLCI - base forming

Stocks on Bursa Malaysia ended lower yesterday on cautious trading and lack of demand, amid the sluggish economic backdrop. Investors were reluctant to hold position as they awaited a clear market lead before making any decision. Adding to the cautious sentiment was news that Euro-zone finance ministers had failed to resolve Greece’s debt issues. The FBM KLCI eased 1.23 points or 0.08% to 1,622.97 after hovering between 1,624.42 and 1,619.39. Losers led gainers by 349 to 275, while 360 counters were unchanged. Volume rose to 1.03 billion shares worth RM1.59 billion from Tuesday's 1.02 billion shares worth RM1.69 billion. ...Read more>>

FBM KLCI - marginally higher on mild rebound

Stocks on Bursa Malaysia ended mixed in cautious trading yesterday with last-minute buying, particularly in finance and industrial stocks and selected heavyweights, helping push the Composite Index into positive territory. The market swung between gains and losses with most investors awaiting a clearer picture of the US fiscal cliff issues as well as renewed concerns on economic development in Europe. The FBM KLCI edged up 0.89 point to close at 1,624.20 after hovering within a range of 1,628.30 and 1,622.62. Losers led gainers by 358 to 298, while 362 counters were unchanged. Volume rose to 1.02 billion shares worth RM1.69 billion from the 848.81 million shares worth RM1.112 billion on Monday. ...Read more>>

FBM KLCI - lower in quiet market

Stocks on Bursa Malaysia closed lower yesterday on lack of buying interest from the investors. The market was quiet with investors sidelined and awaiting positive outcome from the US in solving its fiscal cliff issue. The FBM KLCI fell 5.97 points or -0.37% to close at 1,623.31, after hovering between 1,620.51 and 1,626.96. Losers led gainers by 378 to 280, while 335 counters were unchanged. Volume fell to 848.81 million shares worth RM1.112 billion from 895.96 million shares worth RM1.75 billion last Friday. ...Read more>>

FBM KLCI - signs of oversold

Stocks on Bursa Malaysia closed lower last Friday in cautious trading amid a quiet market as most traders were away on holiday. The local bourse was tracking the weaker regional markets on concerns over the US deficit reduction plan, or fiscal cliff, and Europe’s debt problems which were expected to continue dampen the sentiment in the near term. The FBM KLCI fell 2.4 points to close at 1,629.28, after hovering between 1,634.98 and 1,624.55, while on a Friday-to-Friday basis, the key index fell 11.80 points from previous Friday's 1,641.08. Losers led gainers by 395 to 281, while 343 counters were unchanged. Volume rose to 895.96 million shares worth RM1.75 billion from 888.22 million shares worth RM1.8 billion on Wednesday. Weekly turnover fell to 2.56 billion shares valued at RM4.58 billion for a three days week compared with previous week's 5.375 billion shares valued at RM7.632 billion. ...Read more>>

FBM KLCI - weakness continued

Stocks on Bursa Malaysia closed lower in a quiet market on Wednesday on lack of buying interest amid cautious trading on the Asian stock markets as investors remained on the sidelines. The local bourse was dampened by losses in selected blue-chips as investors were reluctant to take heavy positions due to the Awal Muharram public holiday yesterday. The FBM KLCI fell 5.91 points to 1,631.68, after hovering between 1,629.24 and 1,638.84. Losers led gainers by 357 to 309, while 324 counters were unchanged. Volume rose to 888.22 million shares worth RM1.8 billion from Monday’s 780 million shares valued at RM1.03 billion. ...Read more>>

FBM KLCI - likely to further consolidate

Stocks on Bursa Malaysia closed lower in a quiet market on Monday, on lack of buying interest before the Deepavali holiday which falls on Tuesday. The local bourse was dampened by telecommunications stocks with the FBM KLCI falling 3.49 points or 0.21% to 1637.59 after hovering between 1,636.65 and 1,640.78. Losers led gainers by 390 to 225, while 317 counters were unchanged. Volume rose to 780 million shares worth RM1.03 billion from Friday’s 777.107 million shares valued at RM1.32 billion. ...Read more>>

FBM KLCI - likely to consolidate with a bias for rebound

Stocks on Bursa Malaysia rebounded from recent losses to close on a firm note last Friday on the back of last-minute buying interest from selected counters like finance, mining and technology, but gains were capped by losses in the plantation sector. Most local investors preferred to stay on the sidelines ahead of the weekend and the Deepavali and Awal Muharam holidays this week which falls on Tuesday and Thursday. The FBM KLCI inched up 0.01 of a point to 1,641.08, after hovering between 1,632.36 and 1,643.22. On a weekly basis, the benchmark index lost 15.05 points from previous Friday's 1,656.13. Losers led gainers by 355 to 288, while 360 counters were unchanged. Volume fell to 777.107 million shares valued at RM1.32 billion from 999.664 million shares worth RM1.492 billion on Thursday, and weekly turnover fell to 5.375 billion shares valued at RM7.632 billion from previous week's 7.038 billion shares worth RM7.591 billion. ...Read more>>

FBM KLCI - oversold with sign of rebound

Stocks on Bursa Malaysia closed broadly lower yesterday in cautious trading, with losses mostly seen in heavyweight stocks. The local market was also dragged down by negative sentiments among investors globally, tracking Wall Street’s overnight heavy losses. However, late buying interest from domestic funds helped cushion the market’s main index. The FBM KLCI fell 4.46 points or 0.27% to 1,641.07 after moving between a range of 1,632.04 and 1,644.1. Losers led gainers by 458 to 218, while 343 counters were unchanged. Volume fell to 999.664 million shares worth RM1.492 billion from Wednesday's 1.207 billion shares valued at RM1.709 billion. ...Read more>>

FBM KLCI - in consolidation with a bearish bias

Stocks on Bursa Malaysia closed slightly lower yesterday for the third consecutive day due to profit-taking and less buying interest from local players as a lack of follow-through support weighed on the day’s market as investors remained on the sidelines ahead of the two-day holidays next week – Deepavali and Maal Hijrah. The FBM KLCI was 0.10 of a point lower at 1,645.53 after hovering between 1,643.29 and 1,649.94 throughout the trading session. Losers led gainers by 367 to 310, while 351 counters were unchanged. Volume fell to 1.207 billion shares worth RM1.709 billion from Tuesday's 1.267 billion shares worth RM1.66 billion. ...Read more>>

FBM KLCI - continue sliding lower

Stocks on Bursa Malaysia dipped at the end of trading session yesterday as investors avoided riskier assets on uncertainties over the outcome of the US presidential election, with downward performance also seen in most of the regional bourses. The FBM KLCI fell 8.41 points or 0.51% to close at 1,645.63 after hovering between 1,638.18 and 1,654.39 throughout the day. Losers led gainers by 396 to 273, while 347 counters were unchanged. Volume fell to 1.267 billion shares worth RM1.66 billion from Monday's 1.124 billion shares valued at RM1.45 billion. ...Read more>>

FBM KLCI - lower on continued selling pressure

Stocks on Bursa Malaysia closed easier yesterday on profit taking dragged by external factors as traders were cautious in taking positions ahead of major political events this week in the world’s two largest economies, the US presidential election today and the 18th National Congress of China’s ruling Communist Party on Thursday influenced the market direction. Locally, a lack of catalyst also prompted investors to stay sidelined. The FBM KLCI slipped 2.09 points or 0.13% to 1,654.04 after moving within a narrow range of between 1,650.24 and 1,658.58 throughout the day. Losers led gainers by 471 to 235, while 300 counters were unchanged. Volume fell to 1.124 billion shares valued at RM1.45 billion from last Friday’s 1.365 billion shares worth RM1.701 billion. ...Read more>>

FBM KLCI - beginning of a correction phase

Stocks on Bursa Malaysia ended mixed last Friday as the benchmark FBM KLCI was dragged down by profit taking on telecommunication stocks, Axiata, DiGi and Telekom Malaysia as their valuations were seen to be very expensive. The pullback of the three Telco stocks erased 12.04 points off the 30-stock KLCI. The FBM KLCI fell 19.56 points or 1.17% to 1,656.13, the lowest level of the day after touching an intra-day high of 1,676.48. On a weekly basis. the benchmark index lost 15.76 points from 1,671.89. Losers led gainers by 398 to 322, while 338 counters were unchanged. Turnover was lower at 1.37bil shares valued at RM1.70bil compared with Thursday's 1.69 billion shares worth at RM1.64 billion. Weekly turnover rose to 7.038 billion shares valued at RM7.591 billion from 4.859 billion shares valued at RM5.562 billion the previous week. ...Read more>>

FBM KLCI - rebounded to close higher

Stocks on Bursa Malaysia ended higher yesterday pushed by buying interest in lower liners. The benchmark FBM KLCI closed 2.62 points or 0.16% higher at 1,675.69, a fresh record close, after moving between 1,670.84 and 1,678.57, a last-minute buying lifted the market barometer which was mostly in the red during the afternoon session. Gainers led losers by 399 to 326, while 329 counters were unchanged. Volume turnover rose to 1.69 billion shares valued at RM1.64 billion from 1.59 billion shares valued at RM1.69 billion on Wednesday. ...Read more>>

FBM KLCI - marginally lower on profit taking

Stocks on Bursa Malaysia ended marginally lower yesterday, prompted by profit-taking activities in selected blue chips following recent gains. The benchmark FBM KLCI was 1.6 points or 0.10% lower at 1,673.07. Losers led gainers by 353 to 342, while 342 counters were flat. Volume turnover rose to 1.59 billion shares valued at RM1.69 billion from 1.11 billion shares valued at RM1.17 billion on Tuesday. ...Read more>>

FBM KLCI - at new high

Stocks on Bursa Malaysia closed mixed yesterday with the FBM KLCI closed at a new high of 1,674.67, up 2.11 points or 0.13% from Monday's close after opening 1.74 points lower at 1,670.82, amid strong buying in key finance and plantation counters. Finance blue chips were a major influence in keeping the key index up. Losers led gainers by 384 to 292, while 375 were unchanged. Volume turnover fell to 1.11 billion shares valued at RM1.17 billion from 1.26 billion shares valued at RM1.38 billion on Monday. ...Read more>>