FBM KLCI - further downside expected

Stocks on Bursa Malaysia ended on an easier note yesterday, as investors remained sidelined, awaiting fresh leads from the ongoing European debt crisis, and the outcome of a meeting of central bankers and economists, including US Federal Reserve chairman Ben Bernanke, at Jackson Hole, Wyoming in the US later this week. The FBM KLCI fell 1.52 points or 0.09% to close at 1,645.58 after opening 0.47 of a point better at 1,647.58. Losers led gainers by 363 to 352, while 368 counters were unchanged. Total turnover increased to 1.26 billion shares worth RM1.296 billion from 1.21 billion shares worth RM1.11 billion registered on Tuesday. Read more...

FBM KLCI - lower on continued profit-taking

Stocks on Bursa Malaysia ended on an easier note yesterday, in line with regional stock markets as concern over the European debt crisis grew further, as investors were concerned about market talk that the crisis could move to Germany. The FBM KLCI fell 1.02 points or 0.06% to close at 1,647.11, despite opening 0.11 of a point better at 1,648.24. Losers led gainers by 460 to 276, while 357 counters were unchanged. Total turnover declined to 1.21 billion shares worth RM1.11 billion, from 1.24 billion shares worth RM1.07 billion registered on Monday. Read more...

FBM KLCI - marginally lower in quiet trade

Stocks on Bursa Malaysia ended on an easier note yesterday amid investor concern over the European debt crisis, and investors grew weary of waiting for central banks in China and the US to take action to prop up business activity in the world’s number one and two economies. The FBM KLCI fell 0.09 of a point to close at 1,648.13, after opening 0.7 of a point better at 1,648.92. Losers led gainers by 414 to 344, while 335 counters were unchanged. Total turnover declined to 1.24 billion shares worth RM1.07 billion, from 1.28 billion shares worth RM1.189 billion registered on Friday. Read more...

FBM KLCI - downside risk increases

Stocks on Bursa Malaysia ended last Friday on an easier note amid economic growth concerns both locally and in the region, with the FBM KLCI settling below the 1,650 level. The benchmark index fell 3.39 points or 0.21% to close at 1,648.22, after opening 0.30 of a point better at 1,652. On a Friday-to-Friday basis, the key index lost 1.25 points from previous Friday’s closing of 1,649.47. Losers led gainers by 434 to 322, while 331 counters were unchanged. Turnover increased to 1.28 billion shares worth RM1.189 billion from 1.192 billion shares worth RM1.303 billion registered on Thursday. Weekly volume decreased to 3.826 billion shares worth RM4.115 billion, from 6.155 billion shares worth RM6.715 billion registered last week. Read more

FBM KLCI - marginally lower on profit-taking

Stocks on Bursa Malaysia ended easier yesterday as key blue-chip counters struggled to find a footing, unlike the uptrend in the regional markets which were lifted on hopes of more monetary stimulus plan in the United States. The FBM KLCI closed 0.64 of a point easier at 1,651.61, after hovering between 1,650.53 and 1,655.24 throughout the day. Losers led gainers by 419 to 305 while 336 counters were unchanged. Turnover decreased to 1.192 billion shares worth RM1.303 billion from Wednesday’s 1.353 billion shares worth RM1.623 billion. Read more...

FBM KLCI - sign of uncertainty

Stocks on Bursa Malaysia closed mixed yesterday after a two-day break, with the benchmark FBM KLCI erasing gains after rising to a new high of 1,655.39 in morning trading. Overall there was less activity as investors are still away on holiday after the Hari Raya festival. The FBM KLCI finished 2.46 points better at 1,652.25 after opening 2.43 points higher at 1,652.22 and fluctuated between 1,649.59 and 1,655.39 throughout the day. Losers led gainers by 399 to 379 while 301 counters were unchanged. Turnover decreased to 1.353 billion shares worth RM1.623 billion from 1.481 billion shares worth RM1.645 billion registered last Friday. Read more...

FBM KLCI - likely to consolidate

Stocks on Bursa Malaysia closed mixed last Friday ahead of the long weekend for the Hari Raya Aidilfitri celebrations as investors locked in their profits ahead of the holidays, and the market was closed on Monday and Tuesday. The benchmark FBM KLCI lost 0.30 of a point to 1,649.79 after hitting another new all-time intra-day high of 1,654.53, and week-on-week, the benchmark index rose 4.43 points from 1,645.36 the previous Friday. Advancers outnumbered decliners by 373 to 369 while 341 counters were unchanged. Turnover decreased to 1.481 billion shares worth RM1.645 billion from 1.562 billion shares worth RM1.402 billion on Thursday, while weekly volume increased to 6.155 billion shares, worth RM6.715 billion, from 5.837 billion shares, worth RM8.217 billion, registered the previous week. Read more...

FBM KLCI - lower on profit-taking

Stocks on Bursa Malaysia closed mixed yesterday in tandem with the softer regional markets as investors adopted a wait-and-see attitude, as the investors were also awaiting more clues by policymakers to boost global economic growth. The benchmark FBM KLCI fell 3.69 points to close at 1,650.09 after hitting another new record- intra-day-high of 1,654.34. Advancers outnumbered decliners by 432 to 332 while 322 counters were unchanged. Turnover increased to 1.562 billion shares worth RM1.402 billion from 1.113 billion shares worth RM1.185 billion on Wednesday. Read more...

FBM KLCI - at its best...

Stocks on Bursa Malaysia closed lower yesterday, in line with the weakness in regional bourses. Market breath was bearish as investors lost hope for more stimulus measures expected from policy makers in major economies to spur weak global economic growth. Bank Negara governor Zeti Akhtar Aziz announced that the Malaysian economy recorded a higher-than-expected second quarter growth of 5.4%. However, the benchmark FBM KLCI, finished 0.88 of a point higher at a new-all-time high of 1,653.78, driven by gains in selected heavyweights. Decliners outnumbered advancers by 410 to 335 while 343 counters were unchanged. Turnover increased to 1.113 billion shares, worth RM1.185 billion, from 1.014 billion shares, worth RM1.255 billion, registered on Tuesday. Read more...

FBM KLCI - the bulls were in control

Stocks on Bursa Malaysia closed higher yesterday as the market moved into positive territory in the late afternoon session in tandem with advances in regional markets. Market sentiment was boosted by expectations of stimulus measures by central banks globally to boost economic growth. The benchmark FBM KLCI advanced 6.58 points or 0.40% to a new-all-time-high of 1,652.90. Advancers outnumbered decliners by 362 to 349 while 325 counters were unchanged. Turnover increased to 1.015 billion shares worth RM1.255 billion from 982.567 million shares worth RM1.226 billion on Monday. Read more...

FBM KLCI - appearance of top reversal signal

Stocks on Bursa Malaysia closed mixed yesterday in line with poor performances in the regional markets spooked by recent reports of weak economic outlook for major economies. The benchmark FBM KLCI, however, was up 0.96 of a point to 1,646.32 after hitting a new all-time intra-day high of 1,650.42. Decliners outnumbered gainers by 421 to 321 while 349 counters closed unchanged. Turnover decreased to 982.567 million shares worth RM1.226 billion from 1.229 billion shares worth RM1.544 billion last Friday. Read more...

FBM KLCI - poised to move higher

Stocks on Bursa Malaysia rebounded to close higher last Friday due to eleventh hour buying of selected heavyweights ahead of the weekend. Positive local sentiment, as opposed to the weaker European market and a string of good corporate results which has started to come in, may have driven the rally. The FBM KLCI ended 2.84 points or 0.17% better at the day’s high of 1,645.36, which surpassed the all-time high closing of 1,645 registered on 18^th July 2012 by 0.36 of a point; and week-on-week, the benchmark index gained 10.32 points, or 0.6% from previous Friday’s closing of 1,635.04. Gainers led losers by 357 to 348 while 359 counters were unchanged. Total turnover rose to 1.229 billion shares, worth RM1.545 billion, compared with Thursday’s 884.651 million shares worth RM1.348 billion; and weekly volumes stood at 5.837 billion shares worth RM8.217bil, against 5.885 billion shares valued at RM8.193bil changed hands the prior week. Read more...

FBM KLCI - higher on follow through buying

Stocks on Bursa Malaysia closed higher yesterday on continuous follow-through buying in selected heavyweights and blue-chips, pushing the benchmark index to close at its highest level of the day, helped by gains mostly seen in Maybank, Genting Malaysia and Genting. The FBM KLCI gained 6.6 points or 0.40% to 1,642.52 after opening 0.25 of a point lower at 1,635.67 and recorded an intra-day low of 1,635.59. Losers led gainers by 379 to 332 while 348 counters closed unchanged. Total turnover dropped to 884.651 million shares worth RM1.348 billion compared to yesterday’s closing of 1.232 billion shares worth RM1.756 billion. Read more...

FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia rebounded to close slightly higher yesterday as investors increased their holdings in selected blue chips. The FBM KLCI rose 4.8 points or 0.29% to 1,635.92 compared with Tuesday’s closing of 1,631.12. Losers led gainers by 357 to 348 while 360 counters closed unchanged. Total volume slipped to 1.232 billion shares worth RM1.756 billion from Tuesday’s close of 1.414 billion shares valued at RM2.033 billion. Read more...

FBM KLCI - lower on heavy profit-taking

Stocks on Bursa Malaysia ended lower yesterday on selling pressure across the heavyweights after recent gains. Mining, small-capitalised and fledgling counters recorded gains, while the palm oil plantation sector, the biggest loser, fell 158.979 points. Regionally, most markets were in the green zone except the KLCI and Singapore’s Straits Times Index which closed lower today, which may imply rotational forces at work. The FBM KLCI, which opened at 1,640.56, fell 8.31 points or 0.51% to 1,631.12 after hitting an intra-day high of 1,641.66. Decliners led advancers by 444 to 317 while 327 counters closed unchanged. Total volume rose to 1.414 billion shares valued at RM2.033 billion compared with Monday’s 1.078 billion shares worth RM1.536 billion. Read more...

FBM KLCI - brokeout from consolidation range

Stocks on Bursa Malaysia remained firm at close yesterday, as investors increased their holdings in selected heavyweights and index-linked counters on the back of improved market sentiments, as better US job data released on Friday has somehow lifted market sentiments and boosted regional bourses including Malaysia. At close, the FBM KLCI rose 4.39 points or 0.27% to 1,639.43, after opening 0.54 of a point lower at 1,634.5, and hovered between 1,634.5 and 1,641.03 throughout the day. Gainers outnumbered losers by 402 to 328 while 328 counters closed unchanged. Total volume improved to 1.078 billion shares worth RM1.536 billion compared with Friday’s closing at 950.482 million shares worth RM1.528 billion. Read more...

FBM KLCI - sideways range-bound with an upward bias

Stocks on Bursa Malaysia closed firmer last Friday bolstered by gains in selected heavyweights with intermittent bargain hunting noted for most parts of the day. The uncertainty over the outcome of the European Central Bank meeting and the lack of fresh stimulus from the US Federal Reserve had kept investors sidelined. The FBM KLCI finished 1.59 points better at 1,635.04, after fluctuating between 1,627.2 and 1,635.77 points, and week-on-week, the benchmark index gained 10.1 points from previous Friday’s closing of 1,624.94. Losers led gainers by 402 to 334 while 344 counters closed unchanged. Total volume eased to 950.482 shares, worth 1.528 billion, from Thursday’s close of 1.175 billion shares valued at RM1.647 billion, while weekly volume increased to 5.885 billion shares valued at RM8.193 billion from 5.212 billion shares worth RM8.744 billion the previous week. Read more...

FBM KLCI - in consolidation mode

Stocks on Bursa Malaysia ended marginally higher in mixed trading yesterday bolstered by gains seen in selected heavyweights led by Petronas Gas and Tenaga. The uncertainty over the outcome of the ECB meeting later yesterday and the lack of fresh stimulus by the US Fed kept some investors on the sideline. The FBM KLCI was 0.98 point higher at 1,633.45 after moving between 1,630.43 and 1,635.43. Losers led gainers by 465 to 303, while 346 counters closed unchanged. Volume eased to 1.175 billion shares worth RM1.647 billion from 1.354 billion shares valued at RM1.864 billion on Wednesday. Read more...

FBM KLCI - marginally higher in range bound trade

Stocks on Bursa Malaysia were marginally higher at close yesterday, assisted by gains mostly seen in selected heavyweights, as investors remained on the sidelines as they awaited positive news from meetings of the US and European central banks later yesterday and today respectively, with regard to further possible stimulus measures. The FBM KLCI was 0.87 of a point higher at 1,632.47, after moving between 1,626.68 and 1,635.33, throughout the day. Gainers led losers by 383 to 375 while 336 counters closed unchanged. Total volume rose to 1.354 billion shares worth RM1.864 billion from Tuesday’s close of 1.175 billion shares valued at RM1.868 billion. Read more...

FBM KLCI - marginally lower in range bound trade

Stocks on Bursa Malaysia ended marginally easier yesterday after its earlier gains were pared down by losses in selected blue-chips and index-linked counters, as local investor sentiment was a little cautious compared to other regional markets on renewed concerns over the external economic condition. At the close, the FBM KLCI finished 0.75 of a point lower at 1,631.6, after hovering between 1,628.96 and 1,635.59 throughout the day. Gainers outpaced losers by 418 to 350, while 309 counters closed unchanged. Total turnover appreciated to 1.175 billion shares valued at RM1.868 billion from the 1.229 billion shares valued at RM1.285 billion on Monday.Read more...