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>>