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>>

FBM KLCI - higher amid heavy profit-taking

Stocks on Bursa Malaysia ended on a mixed note yesterday as regional markets fell as investors switch their focus away from signs of stable US growth, looking instead at tepid global corporate earnings and the uncertain economic outlooks. The FBM KLCI, however,  closed at an all-time high of 1,672.56, up 0.67 point, after opening 6.41 points higher at 1,678.30 on late buying support in key heavyweights. It touched a fresh all-time intra-day high of 1,679.37. Losers led gainers by 331 to 376, with 334 counters unchanged. Volume rose to 1.26 billion shares valued at RM1.38 billion from 1.44 billion shares valued at RM1.28 billion last Friday. ...Read more>>

FBM KLCI - likely to chart new high

Stocks on Bursa Malaysia ended firmer last Thursday with the FBM KLCI closing at an all-time high, lifted by persistent buying in selective blue-chips in telecommunications, banking and construction stocks. The local bourse was higher in line with regional peers, despite negative leads from the US after the Federal Open Market Committee did not say anything new after its meeting on Wednesday. The benchmark index rose 3.9 points or 0.23% to 1,671.89 after opening 0.53 of a point higher at 1,668.52, and on a weekly basis, it gained 5.54 points from 1,666.35. Its previous all-time high was at 1,670.16 recorded Friday the previous week. Gainers led losers by 391 to 306, with 327 counters unchanged. Volume rose to 1.44 billion shares valued at RM1.28 billion from 1.13 billion shares worth RM1.46 billion on Wednesday. Weekly turnover declined to 4.859 billion shares valued at RM5.562 billion from 5.956 billion shares worth RM7.976 billion last Friday. The market was closed on Friday in conjunction with Hari Raya Aidil Adha. ...Read more>>

FBM KLCI - higher on continued buying support

Stocks on Bursa Malaysia closed higher yesterday on the back of selective buying of blue-chip counters ahead of the Hari Raya Haji holiday tomorrow. The local bourse ignored Wall Street’s weak overnight close which was affected by poor corporate earnings and concerns about Spain’s economy. The exchange performed broadly in line with some regional peers as the China purchasing managers’ index advanced to 49.1 points in October from 47.9 points in September. The FBM KLCI was 3.09 points or 0.19% higher at 1,667.99, a fresh record high, after opening 1.43 points lower at 1,663.47, and hovered between 1,661.03 and 1,670.09 throughout the day. Gainers led losers by 410 to 272, with 348 counters unchanged. Volume rose to 1.13 billion shares worth RM1.46 billion from the 1.01 billion shares valued at RM1.36 billion on Tuesday. ...Read more>>

FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia closed mixed yesterday in the absence of participation and ahead of the two-day US Federal Reserve monetary policy meeting starting yesterday. Bursa Malaysia was also in line with key regional markets which ended mixed after Wall Street overnight traded between flat and marginally up at close. The FBM KLCI was 2.95 points or 0.18% higher at 1,664.9 after opening 1.15 points lower at 1,660.8. The benchmark index hovered between 1,658.03 and 1,666.26 throughout the trading session. Losers led gainers by 372 to 298, with 350 counters unchanged. Volume decreased to 1.01 billion shares valued at RM1.36 billion from 1.28 billion shares worth RM1.46 billion on Monday. ...Read more>>

FBM KLCI - mild pullback on profit-taking

Stocks on Bursa Malaysia closed easier yesterday on profit-taking. The performance of the local bourse was in sync with several regional peers as positive sentiments were hampered by weak export data from Japan, and also dampened by Wall Street’s weak performance last Friday on poor corporate earnings. The FBM KLCI was 4.4 points or 0.26% lower at 1,661.95 after opening 0.08 point higher at 1,666.35. The benchmark index hovered between 1,660.04 and 1,667.23 throughout the trading session. Losers led gainers by 407 to 259, with 336 counters unchanged. Volume declined to 1.28 billion shares worth RM1.46 billion from 1.379 billion shares valued at RM2.186 billion last Friday. ...Read more>>

FBM KLCI - likely to extend uptrend

Stocks on Bursa Malaysia ended on a mixed note last Friday with the FBM KLCI registering an all-time intra-day high of 1,670.16 points, largely driven by the rise in banking stocks led by Public Bank which announced its financial results on Thursday, and also telecommunication stocks. At close, the barometer index ended 0.93 of a point or 0.06% higher at 1,666.35, and week-on-week, it gained 12.99 points from previous Friday's closing of 1,653.36. Losers outnumbered gainers by 409 to 294 while 338 counters were unchanged. Total turnover rose to 1.379 billion shares, worth RM2.186 billion, from Thursday's 1.297 billion shares valued at RM1.533 billion. Weekly turnover rose to 5.956 billion shares worth RM7.976 billion from previous week's  4.477 billion shares worth RM6.601 billion. ...Read more>>

FBM KLCI - closing at fresh record high

Stocks on Bursa Malaysia closed broadly higher yesterday as continued buying interests in key heavyweights, led by telecommunication companies like Axiata and Maxis, have managed to ensure the local bourse close on a firmer ground for two consecutive days. The FBM KLCI, which opened 0.34 point lower at 1,660.33, rose 4.75 points or 0.29% to close at a new record high of 1,665.42. Gainers thumped losers by 416 to 265 while 370 counters were unchanged.  Turnover eased to 1.297 billion shares valued at RM1.533 billion from 1.302 billion shares valued at RM2.015 billion on Wednesday. ...Read more>>

FBM KLCI - turning bullish

Stocks on Bursa Malaysia closed broadly higher yesterday with the benchmark FBM KLCI index being pushed higher helped by strong buying interest in Maybank, CIMB and Petronas Chemicals in the last 10 minutes of trading. The FBM KLCI gained 7.15 points or 0.43% to 1,660.67 after opening 1.9 points higher at 1,655.42. Advancers thumped decliners by 403 to 304 while 368 counters were unchanged. Turnover rose to 1.302 billion shares worth RM2.015 billion from Tuesday's 975.099 million shares valued at RM1.26 billion. ...Read more>>

FBM KLCI - pulled back on profit-taking

Stocks  on Bursa Malaysia ended mixed yesterday on lack of catalyst with last-minute selling pushing the benchmark index into the negative territory. The FBM KLCI was almost flat, edging down 0.92 of a point to 1,653.52, after moving within a narrow range of between 1,658.5 and 1,652.08. Gainers outnumbered losers by 337 to 334 while 352 counters were unchanged. Turnover decreased to 975.099 million shares, valued at RM1.26 billion, from 1.002 billion shares, valued at RM981.601 million, recorded on Monday. ...Read more>>

FBM KLCI - likely to stage a rebound

Stocks on Bursa Malaysia ended mixed yesterday amid a lack of fresh leads coupled with last-minute buying that pushed the key index into positive territory, as investors took the opportunity to buy shares at lower prices yesterday after the stock market saw consecutive losses last week. The FBM KLCI rose 1.08 points or 0.07% to 1,654.44 after hitting an intra-day low of 1,649.15. Losers outnumbered gainers by 389 to 285, while 338 counters were unchanged. Turnover increased to 1.002 billion shares valued at RM981.601 million from 780.94 million shares valued at RM1.21 billion last Friday. ...Read more>>

FBM KLCI - likely to further consolidate

Stocks on Bursa Malaysia ended mixed last Friday, on mild profit-taking activities in the absence of stronger supportive buying interest. Interest was seen in plantation stock pick-up after the government announced changes to the palm oil policy to better reflect movements in international prices. Malaysia will cut crude palm oil export taxes and discontinue a tax-free shipment quota for the grade from Jan 1 next year. The FBM KLCI lost 2.11 points or 0.13% to 1,653.36, after moving between 1,657.72 and 1,650.77 throughout the day, while week-on-week, the benchmark index lost 6.87 points compared with 1,660.23 the previous Friday. Gainers beat losers by 359 to 334, while 363 counters were unchanged. Turnover decreased to 780.94 million shares valued at RM1.21 billion from Thursday's 800.27 million shares worth RM1.11 billion. weekly volume in turnover increased to 4.477 billion shares valued at RM6.601 billion from 4.430 billion shares worth RM7.047 the previous week. ...Read more>>

FBM KLCI - lower on continued profit-taking

Stocks on Bursa Malaysia closed on a weaker note yesterday, dampened by continued profit-taking in line with most regional markets. Asian stock markets fell after Standard & Poor’s downgraded Spain’s debt rating from BBB+ to BBB- on Wednesday. The FBM KLCI lost 3.93 points or 0.24% to 1,655.47 after hovering in a narrow range of between 1,654.01 and 1,658.04 throughout the day. Losers beat gainers by 362 to 285, while 358 counters were unchanged. Turnover dwindled to 800.27 million shares worth RM1.11 billion from Wednesday's 912.5 million shares worth RM1.41 billion. ...Read more>>

FBM KLCI - lower on profit-taking

Stocks on Bursa Malaysia closed on a weaker note yesterday , dampened by profit-taking following Tuesday's gains. Asian stock markets were mostly lower due to concerns over the European debt crisis and signs of weaker global economy. Losses on the FBM KLCI, however, were limited by gains in selected blue-chips. The FBM KLCI lost 3.92 points or 0.24% to 1,659.4 after hovering in a narrow range of between 1,657.19 and 1,661.59 throughout the day. Losers beat gainers by 380 to 302, while 345 counters were unchanged. Turnover dropped to 912.5 million shares worth RM1.41 billion from 1.1 billion shares worth RM1.6 billion on Tuesday. ...Read more>>

FBM KLCI - rebounded on buying support

Stocks on Bursa Malaysia closed on a positive note yesterday helped by gains in selected blue-chips despite mixed trading on the regional markets. Asian stock markets were traded mixed in cautious environment as poor US corporate earnings and weaker growth in Asia as forecast by the World Bank hit investors’ appetite to buy stocks. The FBM KLCI gained 3.1 points or 0.19% to 1,663.32 after hovering between 1,658.04 and 1,664.98 throughout the day. Gainers beat losers by 424 to 296, while 335 counters were unchanged. Turnover advanced to 1.1 billion shares worth RM1.6 billion from 881.87 million shares worth RM1.27 billion on Monday. ...Read more>>