FBM KLCI - higher on follow through buying

Stocks on Bursa Malaysia closed higher yesterday as the market regained its positive momentum after succumbing to profit-taking in the morning. Asian markets remained sluggish on renewed concerns over the Euro-zone debt crisis, particularly the risk of instability among financial institutions in Cyprus spreading to other parts of the region. The FBM KLCI rose 6.47 points or 0.39% to 1,674.04, after opening 1.94 points higher at 1,669.51. Advancers led decliners by 394 to 287, with 332 counters unchanged. Turnover decreased to 917.244 million shares worth RM2.073 billion from Wednesday's 989.974 million shares worth RM2.246 billion. ...Read more>>

FBM KLCI - breakout from short term range

Stocks on Bursa Malaysia extended its gains for the third day consecutively and closed higher driven by the bullish regional bourses on positive economic data emerging from the US. The FBM KLCI rose by 14.74 points or 0.89% to close at 1,667.57, its highest since mid-January, helped by gains in heavyweights. Advancers led decliners by 418 to 270, with 336 counters unchanged. Turnover increased to 989.974 million shares worth RM2.246 billion from 822.262 million shares worth RM1.948 billion on Tuesday. ...Read more>>

FBM KLCI - higher amid profit-taking

Stocks on Bursa Malaysia closed higher yesterday driven by gains in selected heavyweights on JP Morgan’s ‘overweight’ rating on Malaysian equities. JP Morgan gave the rating despite the decline in share prices on major regional markets due to concerns over risks in the Cyprus financial bailout by the International Monetary Fund and European Union. The FBM KLCI rose 8.94 points or 0.54% to end at 1,652.83, the highest since March 13, 2013, after it touched an intra-day high of 1,660.80. Advancers led decliners by 380 to 286 with 322 counters were unchanged. Turnover increased to 822.262 million shares worth RM1.948 billion from Monday's 708.602 million shares worth RM1.465 billion. ...Read more>>

FBM KLCI - bullish reversal

Stocks on Bursa Malaysia closed broadly higher yesterday as investors took the cue from gains on Wall Street amid the positive external environment. Most global bourses posted an uptrend yesterday following reports that Cyprus and its international lenders had agreed on a bailout deal which lifted investors’ risk appetite. The FBM KLCI closed 17 points or 1.04% higher at 1,643.89, after hovering between 1,628.54 and 1,644.59 throughout the day, with gains mostly seen in key heavyweights and blue-chips. Gainers led losers 304 to 309 while 312 counters were unchanged. Volume was thin with 708.602 million shares traded, valued at RM1.465 billion, versus last Friday’s 1.025 million shares worth RM1.741 billion. ...Read more>>

FBM KLCI - likely to extend consolidation

Stocks on Bursa Malaysia finished last Friday in the negative territory on profit-taking activities ahead of the weekend and negative external sentiment. The FBM KLCI finished 3.86 points or 0.24% lower at 1,626.89 after moving between 1,624.35 and 1,633.33 with losses mostly seen in heavyweights counters. On a weekly basis, the benchmark index lost 0.75 of a point from previous week's 1,627.64. Losers thumped gainers by 413 to 259, with 310 counters unchanged. Total volume shed to 1.025 million shares, worth RM1.741 billion, from Thursday's 1.201 billion shares, valued at RM1.853 billion. Weekly turnover expanded to 4.59 billion units worth RM8.18 billion from previous week's 4.32 billion units worth RM9.14 billion. ...Read more>>

FBM KLCI - taking a breather

Stocks on Bursa Malaysia closed mixed on last minute profit taking activities with the FBM KLCI coming off marginally by 0.79 of a point or 0.05% to close at 1,630.75. The market’s underlying strength was still intact against the backdrop of a impressive report card presented on the government’s Economic Transformation Programme. Gainers thumped losers by 461 to 224, while 298 counters were unchanged. Total volume soared to 1.201 billion shares, valued at RM1.853 billion, from 827.334 million shares, worth RM1.646 billion, transacted on Wednesday. ...Read more>>

FBM KLCI - higher on follow through buying

Stocks on Bursa Malaysia continued Monday's gains to close higher yesterday on persistent buying support, particularly in finance and selected heavyweights. The local market reacted positively to the 2012 National Transformation Programme (NTP) Annual Report announced by the Prime Minister the day before. The FBM KLCI rose 6.08 points or 0.37% to 1,631.54 after hovering between 1,619.3 and 1,632.32. Gainers outpaced losers by 358 to 291, while 318 counters were unchanged. Total volume rose to 827.334 million shares worth RM1.646 billion from 762.687 million shares valued at RM1.445 billion on Tuesday. ...Read more>>

FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia rebounded from recent losses to close higher yesterday on renewed buying interest with gains mostly seen in finance and selected blue-chips. Monday's sell-off came as investors fretted over the European Union’s proposed terms for a US$13 billion bailout for the island nation of Cyprus. However, most of the global bourses recovered some of the losses yesterday after the Cypriot authorities delayed a parliamentary vote on the plan and ordered the country’s banks to remain closed until Thursday. The FBM KLCI ended 4.1 points or 0.25% better at 1,625.46 after hovering between 1,619.71 and 1,628.26. Gainers thumped losers by 380 to 265, while 302 counters were unchanged. Total volume slipped to 762.687 million shares valued at RM1.445 billion from Monday’s 776.94 million shares worth RM1.489 billion. ...Read more>>

FBM KLCI - MACD dead-cross

Stocks on Bursa Malaysia ended yesterday in a weak note, prompted by losses in selected blue-chips. The downtrend movement in the local market was dragged by foreign selling activities especially in blue-chips counters like TENAGA and Petronas Chemicals. The FBM KLCI shed 6.28 points or 0.39% to 1,621.36, after opening two points lower at 1,625.64, and hovered between 1,613.94 and 1,627.05 during the trading session. Decliners doubled advancers by 486 to 219, with 259 counters unchanged. Total volume dwindled to 776.94 million shares worth RM1.489 billion from last Friday’s 972.34 million shares valued at RM2.46 billion. ...Read more>>

FBM KLCI - turning bearish again

Stocks on Bursa Malaysia ended broadly lower last Friday with persistent selling in heavyweights, led by Maybank, dragged down the FBM KLCI to its lowest intra-day level of 1,627.64. The local bourse was also dampened by the wait-and-see investors’ attitude and traders’ caution ahead of the 13th general election. The barometer index lost 13.1 points or 0.80%, after opening at 1,641.35. On a weekly basis, it lost 26.32 points or 1.6% from previous Friday's 1,653.96. Decliners led advancers by 355 to 314, with 320 counters unchanged. Total volume rose to 972.34 million shares worth RM2.46 billion from Thursday's 788.2 million shares valued at RM1.6 billion. Weekly turnover amounted to 4.317 billion units worth RM9.142 billion, compared with previous week's 4.530 billion shares valued at RM8.327 billion. ...Read more>>

FBM KLCI - lower on continued selling pressure

Stocks on Bursa Malaysia closed on a weaker note yesterday in moderate trading on profit-taking in most consumer stocks. On the regional front, the Asian bourses were traded mixed as concerns over China’s economic outlook weighed on appetite for growth-linked assets. The FBM KLCI, which opened at 1,645.83, fell 5.48 points or 0.33% to end at 1,640.74 after hovering between 1,635.87 and 1,645.83 throughout the day. Decliners led advancers by 344 to 321, with 334 counters unchanged. Total volume rose to 788.2 million shares valued at RM1.6 billion from 766.76 million shares valued at RM1.65 billion on Wednesday. ...Read more>>

FBM KLCI - confirmation of reversal

Stocks on Bursa Malaysia closed on a lower note yesterday, with losses mostly seen in banking and palm oil stocks, as the local bourse may have been affected by market talk over the upcoming general election. Most Asian bourses traded weaker yesterday on investors growing wary of recent index highs and mixed signals overnight from global equities, while the sterling remained vulnerable after weak UK data fed fears of a triple-dip recession. The FBM KLCI fell 10.32 points or 0.62% to end at 1,646.22 after opening at 1,653.47 and hovered between 1,641.74 and 1,653.88 throughout the day. Decliners led advancers by 477 to 225, with 284 counters unchanged. Total volume slipped to 766.76 million shares valued at RM1.65 billion from Tuesday's 931.93 million shares valued at RM1.72 billion. ...Read more>>

FBM KLCI - signs of reversal

Stocks on Bursa Malaysia closed on a mixed note yesterday, amid weaker performances on most regional stocks as Asian markets fell over investor concern over the global economic outlook. However, gains in selected consumer and finance stocks helped limit the losses. The FBM KLCI, which opened at 1661.7, fell 1.42 points to end at 1,656.54, after hovering between 1,652.67 and 1,664.39 throughout the day. Advancers led decliners by 420 to 296, with 283 counters unchanged. Total volume rose to 931.93 million shares valued at RM1.72 billion from Monday's 856.45 million shares valued at RM1.71 billion. ...Read more>>

FBM KLCI - higher on late buying of selected blue-chips

Stocks on Bursa Malaysia rebounded in the afternoon session to close higher yesterday lifted by gains mostly in banking stocks. The FBM KLCI, which opened at 1652.32, rose 4.00 points or 0.24% to end at 1,657.96, after hovering between 1,649.99 and 1,658.68 throughout the day. Advancers led decliners by 361 to 340, with 266 counters unchanged. Total volume rose to 856.45 million shares valued at RM1.71 billion from 786.53 million shares worth RM1.67 billion on Friday. ...Read more>>

FBM KLCI - poised to move higher

Stocks on Bursa Malaysia ended last Friday higher in response to Wall Street’s favourable overnight performance with external equities continued to be bullish as key barometers on Wall Street overnight posted further gains, driven by signs that the US economic recovery was picking up pace. Local market interests were focused on selected heavyweights and lower-liners. The FBM KLCI, which opened at 1650.69, rose 3.03 points or 0.18% to end at 1,653.960, after hovering between 1,649.91 and 1,653.96 throughout the day. On a weekly basis, the benchmark index rose 16.52 points from previous Friday's 1,637.44. Advancers led decliners by 426 to 264, with 298 counters unchanged. Total volume eased to 786.53 million shares valued at RM 1.67 billion from 842.01 million shares valued at RM1.42 billion on Thursday, while weekly turnover stood at 4.530 billion units worth RM8.327bil, compared with previous week's 4.435 billion shares valued at RM7.76 billion. ...Read more>>

FBM KLCI - marginally lower on profit taking

Stocks on Bursa Malaysia ended marginally lower yesterday on profit-taking after two consecutive days of gains. Regional markets also pulled back with banks leading the way down as investors turned cautious ahead of central bank meetings and the release of economic data that included those from the European Central Bank and Bank of England and the US non-farm payrolls. The FBM KLCI eased 0.91 point to end at 1,650.93 after opening at 1,656.65, and hovered between 1,649.17 and 1,656.65 throughout the day. Advancers led decliners by 378 to 305, with 298 counters unchanged. Total volume dropped to 842.01 million shares valued at RM1.42 billion from 1.13 billion shares valued at RM1.741 billion on Wednesday. ...Read more>>

FBM KLCI - trend has turned up

Stocks on Bursa Malaysia ended firmer yesterday on buying support, following Wall Street’s record close and firmer regional sentiment. Major US stock indices gained 0.9% and 1.3% overnight, with the bellwether Dow Jones Industrial Average (DJIA) closing at a new record high. The FBM KLCI rose 9.76 points or 0.59% to end at 1,651.84 after opening at 1,641.29 and hovered between 1,641.29 and 1,652.84 throughout the day. Advancers led decliners by 501 to 231, with 299 counters unchanged. Total volume rose to 1.133 billion shares valued at RM1.741 billion from 966.731 million shares valued at RM1.797 billion on Tuesday. ...Read more>>

FBM KLCI - turning bullish

Stocks on Bursa Malaysia ended firmer today, bolstered by buying support and interests in selected heavyweights, led by DiGi, Maybank and UEM Land. The local market remained in positive territory throughout the day, tracking the favourable Wall Street overnight performance and the rebound on regional markets. The FBM KLCI, which opened at 1,637.81, rose by 6.1 points or 0.37% to end at 1,642.08, after hovering between 1,637.81 and 1,643.42 throughout the day. Advancers led decliners by 432 to 230, with 312 counters unchanged. Total volume rose to 966.731 million shares valued at RM1.797 billion from Monday's 802.549 million shares valued at RM1.696 billion. ...Read more>>

FBM KLCI - lower on profit-taking

Stocks on Bursa Malaysia ended mixed yesterday in line with the cautious regional and European market sentiments amid weaknesses in the economic outlook in the US and Europe, and there was also weak follow-through buying interest in the market. The FBM KLCI, which opened at 1,638.27, finished 1.46 points or 0.09% lower at 1,635.98, after hovering between 1,622.81 and 1,639.51 throughout the trading day. Decliners led advancers by 412 to 254, with 258 counters unchanged. Total volume declined to 802.559 shares valued at RM1.696 billion from the 878 million shares worth RM1.45 billion recorded last Friday. ...Read more>>

FBM KLCI - likely to move higher

Stocks on Bursa Malaysia ended mixed last Friday in line with the sentiment on regional markets and in the face of China’s weak manufacturing data. The FBM KLCI, which opened at 1,636.47, finished 0.19 of a point lower at 1,637.44, due to profit taking in selected heavyweights after recent gains, hovered between 1,636.47 and 1,640.6 throughout the trading day. On a weekly basis, the benchmark index gained 15.36 points or 0.9% from 1,622.08 on previous Friday. Advancers led decliners by 362 to 272, with 323 counters unchanged. Total volume declined to 878 million shares valued at RM1.45 billion from Thursday's 1.01 billion shares worth RM1.98 billion. Weekly turnover slipped to 4.43 billion, worth RM7.76 billion, versus previous week's 5.02 billion units valued at RM7 billion. ...Read more>>

FBM KLCI - breaking out of consolidation

Stocks on Bursa Malaysia closed higher yesterday, aided by strong buying interest in line with gains in most regional markets. Stocks were supported by the European Central Bank’s announcement that it would not tighten monetary policy any time soon as it was concerned over investors in the Euro zone. The announcement came after US Federal Reserve chairman Ben Bernanke said the central bank’s own huge monetary easing would stay in place. The FBM KLCI rose 13.49 points or 0.83% to close at 1,637.63 after hovering between 1,624.79 and 1,637.63 throughout the day, amid market’s cautiousness about the general election. Advancers led decliners by 394 to 283, with 300 counters unchanged. Total volume rose to 1.01 billion shares worth RM1.98 billion from 895.99 million shares worth RM1.55 billion yesterday. ...Read more>>