FBM KLCI - lower on selling pressure

Stocks on Bursa Malaysia closed lower yesterday, weighed by losses in most key heavyweights and blue-chips. Heavy selling pressure emerged at late morning as the local market sentiment was dragged down by speculative market talks that the 13th general election would be held soon. The FBM KLCI ended 9.61 points or 0.59% lower at 1,627.73, after opening 1.85 points higher at 1,639.19 and moved between 1,613.17 and 1,640.96. Market breadth was negative with losers outnumbering gainers by 529 to 209, while 316 counters were unchanged. Volume rose to 1.154 billion shares worth RM2.002 billion from 1.139 billion shares valued at RM1.666 billion on Tuesday. ...Read more>>

FBM KLCI - marginally higher

Stocks on Bursa Malaysia closed mixed yesterday, weighed on by a similar trading sentiment on regional stock markets, and investors are reluctant to hold heavy positions due to the shorter trading days this week, with the market closed on Monday for the Thaipusam holiday and similarly on Friday, for Federal Territory Day. The FBM KLCI ended 0.21 of a point better at 1,637.34, after opening 7.89 points higher at 1,645.02, and hovered between 1,635.38 and 1,646.14 during the whole trading session. Losers outnumbered gainers by 473 to 253, while 312 counters were unchanged. Volume rose to 1.139 billion shares valued at RM1.666 billion from the 1.03 billion shares worth RM1.65 on last Friday. ...Read more>>

FBM KLCI - likely to consolidate

Stocks on Bursa Malaysia closed slightly higher last Friday on late bargain hunting after a mixed performance throughout the day. The FBM KLCI added 1.88 points or 0.11% to close at 1,637.13 after moving between 1,634.1 and 1,643.84 throughout the day, and on a Friday-to-Friday basis, the benchmark index lost 39.31 points or 2.34% from previous Friday's 1,676.44. Gainers led losers by 381 to 305 while 307 counters were unchanged. Volume fell to 1.03 billion shares worth RM1.65 billion from 1.16 billion shares worth RM1.67 billion on Wednesday, and weekly turnover declined to 5.29 billion units worth RM8.18 billion from previous week's 6.41 billion units worth RM7.97 billion. ...Read more>>

FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia closed higher Wednesday on continued buying support in selected blue-chips. Meanwhile, on the regional markets, the sentiment remained cautious on a US vote on raising the nation’s borrowing limit. Bursa Malaysia was closed yesterday for the Birthday of Prophet Muhammad. The FBM KLCI added 6.59 points or 0.40% to close at 1,635.25 after hovering between 1,622.54 and 1,637.42 throughout the day. Gainers led losers by 402 to 286 while 314 counters were unchanged. Volume fell to 1.16 billion shares worth RM1.67 billion from 1.27 billion shares worth RM2.23 billion yesterday. ...Read more>>

FBM KLCI - signs of rebound

Stocks  on Bursa Malaysia closed slightly lower yesterday on continued mild foreign selling amid mixed regional stock markets. However, foreign selling was not as heavy as the previous day, with the local bourse looking like it had been receiving some local support. The FBM KLCI eased 6.97 points or 0.43% to 1,628.66 after hovering between 1,602.12 and 1,628.66 throughout the day. Losers led gainers by 484 to 287 while 329 counters were unchanged. Volume fell to 1.27 billion shares worth RM2.23 billion from Monday's 1.83 billion shares worth RM2.61 billion. ...Read more>>

FBM KLCI - plunged on heavy sell down

Stocks on Bursa Malaysia closed sharply lower yesterday on heavy foreign selling amid mixed regional stock markets. The benchmark stock index fell more than two percent and headed for its worst single-day drop in more than 16 months as worries over the country’s upcoming general election sparked selling across the board. Intense speculation about the election date and the slight possibility that the long-ruling Barisan Nasional government may be unseated is leading some investors to take profits on recent gains. The FBI KLCI was down as much as 40.81 points or 2.43% at 1,635.63, its biggest one-session loss since falling 2.5% on Sept 26, 2011, and bucking slight gains in other Southeast Asian stock markets. Losers led gainers by 904 to 85 while 172 counters were unchanged. Volume rose to 1.83 billion shares worth RM2.61 billion from 1.10 billion shares worth RM1.566 billion last Friday. ...Read more>>

FBM KLCI - correction likely to continue

Stocks on Bursa Malaysia closed lower last Friday in spite of advances in regional markets lifted by upbeat economic data from the US and China. The FBM KLCI lost 4.65 points or 0.28% to 1,676.44 after opening 1.70 points higher at 1,682.79. On a Friday-to-Friday basis, the benchmark index declined 6.26 points from 1,682.70 previously. Losers led gainers by 362 to 299 while 346 counters were unchanged. Volume decreased to 1.102 billion shares worth RM1.566 billion from 1.445 billion shares worth RM1.813 billion on Thursday, while weekly turnover increased to 6.41 billion units worth RM7.97 billion from previous week's 5.94 billion units valued at RM7.653 billion. ...Read more>>

FBM KLCI - lower on continued profit-taking

Stocks on Bursa Malaysia closed lower yesterday as cautious sentiment prevailed ahead of the release of key economic data from China today. Elsewhere, US stocks were flat with sentiment remaining cautious in view of the soft global economic outlook, while in Japan shares recovered from yesterday’s decline and in Korea and China, shares declined ahead of China’s economic data today. The FBM KLCI slipped 1.86 points or 0.11% to 1,681.09 after opening 3.26 points higher at 1,686.21. Losers led gainers by 385 to 330 with 355 counters unchanged. Volume declined to 1.445 billion shares worth RM1.814 billion from Wednesday's 1.486 billion shares worth RM1.7 billion. ...Read more>>

FBM KLCI - continued sliding southward

Stocks on Bursa Malaysia closed mixed yesterday as sentiment remained fragile weighed down by weaker regional markets following the lower-than-expected global economic growth forecast by the World Bank. Elsewhere, US stocks were higher overnight on upbeat retail data, but in Japan and Hong Kong shares retreated on profit-taking. The FBM KLCI lost 2.94 points or 0.17% to 1,682.95 after opening 0.63 of a point higher at 1,686.52, the benchmark index hovered between 1,687 to 1,677.98 throughout the day. Gainers led losers by 368 to 338, while 328 counters were unchanged. Volume increased to 1.486 billion shares worth RM1.7 billion from 1.164 billion shares worth RM1.595 billion on Tuesday. ...Read more>>

FBM KLCI - sideways consolidation

Stocks on Bursa Malaysia finished mostly lower yesterday, in line with the broader weaknesses in regional markets. The cautious sentiment set in on concerns over the ongoing US fiscal problems and weak corporate earnings for the first quarter. The FBM KLCI, however, bucked the overall weak trend to finish 1.26 points or 0.07% higher at 1,685.89, lifted by gains in key heavyweights. Losers led gainers by 367 to 338 while 346 counters were unchanged. Volume decreased to 1.16 billion shares worth RM1.60 billion from 1.21 billion shares worth RM1.30 billion on Monday. ...Read more>>

FBM KLCI - in consolidation mode

Stocks on Bursa Malaysia closed slightly higher yesterday, with buying interest seen in finance and telco stocks. However, investors were mostly on the sidelines amid a lack of fresh catalyst to boost the market. The FBM KLCI ended 1.93 points or 0.11% higher at 1,684.63, after hovering between 1,682.96 and 1,686.69 throughout the day. Market breadth was mixed with gainers and losers were each at 323, with 342 counters unchanged. Total volume dwindled to 1.214 billion units worth RM1.299 billion from 1.451 billion units valued at RM1.41 billion recorded on Friday. ...Read more>>

FBM KLCI - poised for further correction

Stocks on Bursa Malaysia closed mixed last Friday on profit-taking activities after its record gains recently. The FBM KLCI ended 1.87 points or 0.11% lower at 1,682.70, after hovering between 1,682.64 and 1,692.71 throughout the day. Week-on-week, the benchmark index lost 9.88 points from previous Friday's 1,692.58. Gainers outnumbered losers by 367 to 347 with 332 counters unchanged. Total volume increased to 1.451 billion units, valued at RM1.41 billion, from 1.154 billion units, valued at RM1.339 billion, recorded on Thursday. Weekly turnover surged to 5.94 billion units, valued at RM7.653 billion, from previous week’s 4.093 billion shares, worth RM6.02 billion. ...Read more>>

FBM KLCI - short term correction

Stocks on Bursa Malaysia closed lower yesterday amid the lack of fresh leads and some mild profit taking following the recent gains. The FBM KLCI fell 5.36 points or 0.32% to close at 1,684.57, after hovering between 1,684.57 and 1,693.72 throughout the day. Losers outnumbered gainers by 387 to 310, while 341 counters were unchanged. Total volume increased to 1.154 billion units valued at RM1.339 billion from Wednesday's 1.104 billion units valued at RM1.587 billion. ...Read more>>

FBM KLCI - sign of tiredness

Stocks on Bursa Malaysia closed on a mixed note yesterday as investors adopted a wait-and-see attitude as the market lacked clear direction. The FBM KLCI rose 1.02 points or 0.06% to close at 1,689.93, after hovering between 1,688.96 and 1,694.21. Losers outnumbered gainers by 375 to 339, with 325 counters unchanged. Total volume increased to 1.104 billion units valued at RM1.587 billion from Tuesday's 1.027 billion units valued at RM1.714 billion. ...Read more>>

FBM KLCI - lower on mild profit-taking correction

Stocks on Bursa Malaysia closed marginally lower yesterday on mild profit taking, amid mixed trading sentiment in regional stock markets. The FBM KLCI finished 5.25 points or 0.31% lower at 1,688.91 after opening 2.8 points lower at 1,691.36, with losses seen in selected blue-chips. The index moved between 1,682.23 and 1,691.70 throughout the day. Losers outnumbered gainers by 423 to 305, with 335 counters unchanged. Total volume decreased to 1.027 billion units valued at RM1.714 billion, compared with Monday's 1.203 billion shares worth RM1.604 billion. ...Read more>>

FBM KLCI - sign of distribution

Stocks on Bursa Malaysia maintained its bullish trend to close higher yesterday, prompted by continued buying interest in selected blue-chips and heavyweights. Asian markets were also trading mostly higher on hopes of a global recovery. The FBM KLCI finished 1.58 points or 0.09% higher at 1,694.16, after hovering between 1,692.97 and 1,697.37 throughout the day. Gainers led losers by 509 to 252, with 334 counters unchanged. Total volume increased to 1.203 billion units, valued at RM1.604 billion, compared with last Friday’s 1.256 billion shares worth RM1.688 billion. ...Read more>>

FBM KLCI - poised to test 1700

Stocks on Bursa Malaysia ended on a mixed note last Friday, prompted by profit-taking activities mostly seen in telecommunication companies ahead of the weekend. Losses in Axiata and DiGi dragged down the FBM KLCI 0.07 of a point lower to 1,692.58, just a hair’s breadth away from Thursday's all-time high close of 1,692.65. However, losses were capped by big gains in Sime Darby and PPB Group. On Friday-to-Friday basis, the FBM KLCI rose 11.25 points compared with previous Friday's closing of 1,681.33. Gainers led losers by 381 to 314 with 360 counters unchanged. Total volume increased to 1.256 billion units valued at RM1.688 billion compared with Thursday's 1.128 billion shares worth RM1.825 billion. Weekly turnover surged to 4.093 billion units valued at RM6.02 billion with previous week's 2.92 billion shares worth RM3.941 billion. ...Read more>>

FBM KLCI - closing at fresh all-time high of 1,692.65

The FBM KLCI ended the second day of trading this year with a bang as it closed yesterday at a fresh all-time high of 1,692.65. Despite profit-taking activities on Wednesday, share prices on the local bourse rebounded as early as the morning trade with the benchmark index surpassing the previous all-time high of 1,688.95 as early as the first five minutes of trading. It continued to break fresh highs for the next three minutes before ending at 1,690.82 at 9.08am. Persistent buying in selected heavyweights and blue-chips during the last hour of trading put a steady pace for the FBM KLCI to hit another high, 17.93 points or 1.071% higher at 4.50pm and continued to stay at the level until closing. Winners thumped losers by 538 to 203 with 321 counters unchanged. Total volume rose to 1.128 billion shares worth RM1.825 billion from Wednesday's 874.498 million shares valued at RM1.193 billion. ...Read more>>

FBM KLCI - lower on profit-taking correction

Stocks on Bursa Malaysia closed lower yesterday on profit-taking activities after recording an all-time high on Monday. However, fundamentals remained intact with news that the fiscal cliff crisis in the US has been averted for now and on expectation of a strong economic growth for Malaysia, going forward. The FBM KLCI closed 14.23 points or 0.84% lower at 1,674.72, after hovering between 1,674.32 and 1,685.15 throughout the day. Gainers led losers by 335 to 373 while 273 counters were unchanged. Total volume rose to 874.98 million shares, worth RM1.193 billion, from 834.802 million shares, valued at RM1.314 billion, on Monday. ...Read more>>

FBM KLCI - closing at all-time-high of 1,688

Bursa Malaysia closed year 2012 with a bang on Monday as last-minute buying in blue-chips and selected heavyweights pushed the FBM KLCI to close at an all-time high of 1,688.95. The benchmark index which started the last trading day of the year with mild profit-taking, rose during the last ten minutes with fund managers buying selected blue-chips and heavyweights. The FBM KLCI gained 7.62 points or 0.45% at the close, with plantation-based blue-chip, Kuala Lumpur Kepong, contributing 4.109 points to the benchmark index's rise. Gains on heavyweights like Petronas Chemicals and Maybank also contributed to the rise. The barometer index rose 10.34 per cent compared to 1,530.73 recorded on Dec 30, 2011. Losers led gainers by 375 to 318 while 322 counters were unchanged. Total volume fell slightly to 834.802 million shares worth RM1.314 billion from 853.829 million shares valued at RM1.276 billion on Friday. ...Read more>>