FBM KLCI - marginally lower

Stocks on Bursa Malaysia ended on a mixed note yesterday on mild selling pressure despite gains on regional markets except Japan’s Nikkei. The FBM KLCI, which opened at 1,625.33, fell by 0.04 point to close at 1,624.14 after hovering between 1,623.92 and 1,627.07 throughout the day. Advancers led decliners by 349 to 303 with 301 counters unchanged. Total volume rose to 895.99 million shares worth RM1.55 billion from 801.35 million shares worth RM1.37 billion on Tuesday. ...Read more>>

FBM KLCI - lower on mild profit-taking

Stocks on Bursa Malaysia finished in the red territory yesterday on profit-taking activities amid mixed trading sentiment in regional stock markets. The bears were making a comeback in Asia yesterday following Wall Street’s overnight slump, where major US equity indices plunged between 1.4% and 1.8% at the closing bell as sentiment was hit by concerns over a possible hung Parliament in Italy and the deteriorating Eurozone’s debt woes. The FBM KLCI was 3.17 points or 0.19% lower at 1,624.18, after opening at 1,624.97, and hovered between 1,622.47 and 1,627.33 throughout the day. Decliners led advancers by 339 to 311 with 297 counters unchanged. Total volume declined to 801.35 million shares valued at RM1.37 billion from 850.5 million shares worth RM1.4 billion on Monday. ...Read more>>

FBM KLCI - MACD golden cross

Stocks on Bursa Malaysia ended higher yesterday in line with regional bourses riding on the improved external sentiment. The FBM KLCI was 5.27 points or 0.32% higher at 1,627.35, after opening 0.96 of a point lower at 1,621.12, and hovered between 1,619.97 and 1,627.35 during the whole trading session. Advancers led decliners by 326 to 296 with 325 counters unchanged. Total volume rose to 850.5 million shares worth RM1.4 billion from last Friday’s closing of 831.6 million shares worth RM1.5 billion. ...Read more>>

FBM KLCI - likely to stay range-bound

Stocks on Bursa Malaysia ended broadly higher last Friday as strong buying of heavyweights like Maybank, IOI Corporation and Petronas Dagangan in late evening prompted the FBM KLCI to close at the day’s high of 1,622.08, making a gain of 8.03 points or +0.50%. On a weekly basis, the FBM KLCI loss 5.85 points or -0.4% from previous Friday's closing of 1,627.93. Gainers thumped losers by 388 to 259 with 318 counters unchanged. Total volume dropped to 831.57 million shares, worth RM1.497 billion, from Thursday's 1.169 billion units valued at RM1.69 billion, while total turnover for the regular week amounted to 5.021 billion units worth RM7bil, compared with 2.18 billion shares valued at RM3.73bil during the three-day holiday-shortened previous week. ...Read more>>

FBM KLCI - signs of bottoming

Stocks on Bursa Malaysia rebounded in the last ten minutes of trading yesterday, pushing the FBM KLCI back into the positive territory after three days of consecutive losses. Last minute buying of selected heavyweights like Axiata, CIMB, Petronas Chemicals and Maybank, aided the benchmark index’s rise by 0.72 of a point or 0.04% to close at 1,614.05, the highest level recorded yesterday. Decliners led advancers by 443 to 236 with 317 counters unchanged. Total volume eased to 1.169 billion units, valued at RM1.69 billion, from Wednesday’s 1.37 billion shares worth RM1.713 billion. ...Read more>>

FBM KLCI - continue slipping lower

Stocks on Bursa Malaysia continued their losses yesterday for the third consecutive day ahead of the country’s economic growth announcement for 2012. Most of the investors were reluctant to take a heavy position especially with the absence of fresh leads. The economic data, together with a string of corporate results which are to be released, will likely give some impetus to the local bourse. The FBM KLCI, which opened at 1,617.53, eased 1.74 points or 0.11% to 1,613.33, after hovering between 1,606.73 and 1,617.64 throughout the trading session. Losers led gainers by 399 to 283 with 299 counters unchanged. Total volume surged to 1.37 billion shares worth RM1.713 billion from Tuesday's closing of 884.415 million shares valued at RM1.17 billion. ...Read more>>

FBM KLCI - heading south

Stocks on Bursa Malaysia remained in the red at close yesterday as investors continued to reduce their holdings, particularly in heavyweights and on the back of bearish market sentiment. The FBM KLCI declined 5.86 points or 0.36% to 1,615.07, dragged down by losses mostly seen in Genting, which lost 14 sen to RM9.64 and contributed 0.972 of a point to the drop in the benchmark index. The FBM KLCI, which opened at 1,622.17, hovered between 1,612.66 and 1,623.72 throughout the trading session. Losers outnumbered gainers by 435 to 211 with 280 counters unchanged. Trading was moderate with total turnover rising to 884.415 million shares valued at RM1.17 billion, compared to Monday's close of 765.343 million shares worth RM929.716 million. ...Read more>>

FBM KLCI - lower on continued selling pressure

Stocks on Bursa Malaysia closed easier yesterday as investors continued to reduce their holdings, led by heavyweights. Meanwhile, most of the regional bourses were on positive territory. The FBM KLCI dropped 7.00 points or 0.43% to 1,620.93, dragged down by losses mostly seen in CIMB Group. CIMB, which dropped eight sen or 1.13% to RM7, pulled down the benchmark index by 1.11 points. Losers outnumbered gainers by 399 to 209 while 315 counters were unchanged. Total volume rose to 765.343 million shares worth RM929.716 million from Friday’s closing of 749.828 million shares worth RM1.193 billion. ...Read more>>

FBM KLCI - bearish Head-and-Shoulder pattern in formation

Stocks on Bursa Malaysia ended lower last Friday due to the lack of buying interest and profit taking in lower liners ahead of the weekend. The FBM KLCI ended 2.96 points or 0.18% lower at 1,627.93, after opening at 1,628.30, and hovered between 1,624 and 1,632.56 for the day. Week-on-week, the benchmark index was up 4.13 points to 1,627.93 from previous Friday's 1,623.8. Losers led gainers slightly by 288 to 281, with 346 counters unchanged. Volume rose to 749.82 million units worth RM1.19 billion from yesterday’s 666.637 million units worth RM1.290 billion. Weekly turnover declined to 2.18 billion units worth RM3.73 billion from previous week's 4.902 billion units worth RM8.048 billion. ...Read more>>

FBM KLCI - marginally lower on profit-taking

Stocks on Bursa Malaysia retreated yesterday on weak buying amid lack of investors due to the festive holidays. The local bourse erased earlier gains despite positive regional developments as most investors are still away for the Chinese New Year break, and the local bourse failed to take the cue from the bullish regional market after the Bank of Japan kept its monetary policy unchanged and raised its assessment of the economy. The FBM KLCI ended 0.27 of a point lower at 1,630.89 after opening at 1,635.27, and the barometer index had moved between 1,630.37 and 1,635.55 throughout the day. Gainers outnumbered losers by 319 to 268, with 287 counters unchanged. Volume fell to 679.07 million shares worth RM1.43 billion from Wednesday's 758.96 million shares worth RM1.1 billion. ...Read more>>

FBM KLCI - higher on rebound

Stocks on Bursa Malaysia closed higher yesterday, lifted by gains in selected blue-chips and amid a bullish external sentiment. The market movement was also in tandem with the positive sentiment on regional markets and on Wall Street, which saw the Dow Jones index closed at a five-year high in overnight trade. The FBM KLCI ended 7.36 points or 0.45% higher at 1,631.16, after opening at 1,627.46, and moved between 1,627.46 and 1,633.71 throughout the day. Gainers outnumbered losers by 376 to 209, with 247 counters unchanged. Volume rose to 758.96 million shares worth RM1.1 billion from the 666.63 million units worth RM1.290 billion on last Friday. ...Read more>>

FBM KLCI - consolidation likely to continue

Stocks on Bursa Malaysia ended higher last Friday supported by gains in selected blue-chips in tandem with the better movement in most regional markets. The local market moved higher with investors influenced by better data out of China and the US of late which contributed to the optimism about regional growth. The FBM KLCI ended 4.23 points or 0.26% higher at 1,623.80, after opening at 1,623.54, and hovered between 1,613.08 and 1,626.99 for the day. Week-on-week, the key index lost 4.47 points from previous Friday's 1,627.55. Gainers outnumbered losers by 376 to 217, with 313 counters unchanged. Volume fell to 666.637 million units worth RM1.290 billion from 848.250 million units worth RM1.669 billion on Thursday, while weekly turnover increased to 8.062 billion shares worth RM4.928 billion as compare with previous week's three trading days volume of 3.368 billion units, worth RM5.681 billion. Bursa Malaysia was closed on Monday and Tuesday for the Chinese New Year holiday. ...Read more>>

GONG XI FA CAI

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FBM KLCI - a dead-cat-bounce?

Stocks  on Bursa Malaysia had a field day yesterday despite a downtrend in the regional markets, ending higher on active bargain hunting. The benchmark FBM KLCI ended 5.43 points or 0.34% higher at 1,619.57, after opening at 1,600.09. The barometer index hovered between 1,597.00 and 1,621.06 for the day. Gainers outnumbered losers by 295 to 294, while 314 counters were unchanged. Volume fell to 848.250 million units worth RM1.669 billion from 1.08 billion units worth RM2.012 billion on Wednesday. ...Read more>>

FBM KLCI - beginning of another bearish down leg

Stocks on Bursa Malaysia ended broadly lower yesterday on selling pressure from the resurfacing of domestic election jitters ahead of the long Chinese New Year holiday while most other Southeast Asian stocks ended off their day's highs amid profit taking in recent gainers. The FBM KLCI ended 19.21 points or 1.18% lower at 1,614.14 after opening 0.67 point higher at 1,634.02, and hovered between 1,634.70 and 1,610.05. Market breadth was negative with losers leading gainers by 548 to 175 while 291 counters were unchanged. Volume rose to 1.081 billion shares valued at RM2.013 billion from the 951.110 million shares valued at RM1.335 billion on Tuesday. ...Read more>>

FBM KLCI - sideways consolidation

Stocks on Bursa Malaysia closed lower yesterday in line with other Asian bourses, after investors succumbed to profit taking after recent gains. Nonetheless, the FBM KLCI outperformed its regional peers by only retreating 0.073%, thanks to gains in selected blue-chips like YTL Power International, Public Bank and Hong Leong Bank. The benchmark FBM KLCI ended 1.20 points or 0.07% lower at 1,633.35, after opening at 1,634.65 and hovered between 1,630.73 and 1,637.51. Losers led gainers by 444 to 220, while 309 counters were unchanged. Volume fell to 951.110 million shares valued at RM1.335 billion from the 1.355 billion shares valued at RM1.739 billion on Monday. ...Read more>>

FBM KLCI - in consolidation mode

Stocks on Bursa Malaysia closed higher yesterday in brisk trading activity, lifted by gains in blue-chips and plantation counters with PATIMAS and MISC hogging the limelight. The local bourse rebounded yesterday following the better than expected US jobs data released last Friday as well as positive growth in China’s purchasing managers’ index (PMI) for the non-manufacturing sector. The FBM KLCI ended 7.0 points or 0.43% higher at 1,634.55, after opening at 1,634.54 and hovered between 1,630.69 and 1,639.58. Losers led gainers by 405 to 285, while 338 counters were unchanged. Volume rose to 1.355 billion shares valued at RM1.739 billion from last Thursday's 1.074 billion shares valued at RM2.013 billion. ...Read more>>

FBM KLCI - likely to further consolidate

Stocks on Bursa Malaysia closed last Thursday with minor changes amid volatile trading throughout the day, weighed by a mixed market sentiment as most market players stayed on the sidelines ahead of the long weekend, with Friday being the Federal Territory Day holiday. The FBM KLCI ended 0.18 of a point lower at 1,627.55, after opening 0.4 of a point better at 1,628.13, while on a weekly basis, the FBM KLCI slid 9.58 points to 1,627.55 on Thursday from 1,637.13 the previous Friday. Market breadth was negative with losers leading gainers by 412 to 266, while 343 counters were unchanged. Volume eased to 1.074 billion shares valued at RM2.013 billion from Wednesday's 1.154 billion shares worth RM2.002 billion; and weekly turnover declined to 3.368 billion units, worth RM5.681 billion, from previous week's 5.29 billion units, worth RM8.18 billion. ...Read more>>