FBM KLCI - lower on consolidation

Stocks on Bursa Malaysia closed broadly lower yesterday in quiet trading, with prices moving sideways as investors preferred to stay on the sidelines. The FBM KLCI slipped 3.32 points or 0.19% to end the day at 1,707.97 points vis-à-vis last Friday’s close of 1,711.29. The barometer index fluctuated between 1,706.29 and 1,711.85 throughout the day. Losers overwhelmed gainers by 496 to 208, with 288 counters unchanged. Volume fell to 682.128 million shares worth RM1.402 billion from 746.76 million shares valued at RM2.273 billion on last Friday. ...Read more>>

FBM KLCI - likely to stay range-bound with an upward bias

Stocks on Bursa Malaysia closed broadly higher last Friday with the FBM KLCI closed at a historic high of 1,711.29, up 4.95 points or 0.29%, from Thursday's close of 1,706.34, boosted by buying interest in government-linked companies (GLCs) amid positive regional sentiment. The key index hovered between 1,703.34 and 1,718.08, and hit an intra-day record high of 1,718.08. The previous historic high was 1,710.97 recorded on April 17, with an intra-day record high of 1,716.47 on April 12. On a weekly basis, the benchmark FBM KLCI rose 5.01 points from previous Friday's 1,706.28. Gainers led losers by 360 to 297, with 335 counters unchanged. Volume rose slightly to 746.76 million shares worth RM1.82 billion from Thursday's 734.40 million shares worth RM1.37 billion, while weekly turnover declined to 3.79 billion shares worth RM8.22 billion from previous week's 4.18 billion shares worth RM8.26 billion. ...Read more>>

FBM KLCI - in consolidation mode

Stocks on Bursa Malaysia closed lower yesterday on lack of follow-up support amid unfavourable external sentiment to sustain previous day's upside momentum. The FBM KLCI fell 1.01 points or 0.06% to close at 1,706.34 after hovering between 1,700.25 and 1,709.64. Losers led gainers by 329 to 299, with 322 counters unchanged. Volume increased marginally to 747 million shares worth RM1.82 billion from Wednesday's 734.40 million shares worth RM1.37 billion. ...Read more>>

FBM KLCI - rebounded to close higher

Stocks on Bursa Malaysia closed higher yesterday in line with regional bourses, as the favourable US and European equity markets lifted investment sentiment, and regional markets rallied sharply with the US economy continuing to recover, boosting the outlook for export earnings. The FBM KLCI rose 6.96 points or 0.41% to close at 1,707.35. The market barometer hovered between 1,700.96 and 1,707.35. Gainers led losers by 344 to 294, with 318 counters unchanged. Volume fell to 734.40 million shares worth RM1.37 billion from Tuesday's 742.42 million shares worth RM1.4 billion. ...Read more>>

FBM KLCI - signs of weakness

Stocks on  Bursa Malaysia closed lower yesterday weighed by concerns over external sentiment after weak manufacturing data from China, as a preliminary survey of manufacturing activity in April in the world’s second largest economy has stoked fears that global economic growth will remain sluggish in the second quarter. The FBM KLCI fell 6.29 points or 0.37% to close at 1,700.39 after hovering between 1,699.74 and 1,707.85 on a downtrend trading session. Losers led gainers by 470 to 202, with 280 counters unchanged. Volume fell to 742.42 million shares worth RM1.4 billion from Monday's 784.62 million shares worth RM1.34 billion. ...Read more>>

FBM KLCI - marginally higher on last minute buying support

Stocks on Bursa Malaysia finished in positive territory yesterday on late buying interest. A lack of fresh leads, coupled with the failure of Petronas to privatise MISC Bhd, weighed on the market the whole day. The FBM KLCI rose by 0.4 point to close at 1,706.68 compared with 1,706.28 last Friday. The market barometer hovered between 1,702.47 and 1,709.49 amid volatile trading. Losers more than doubled gainers by 462 to 212, with 287 counters unchanged. Volume rose to 784.62 million shares worth RM1.34 billion from last Friday's 776.416 million shares worth RM1.497 billion. ...Read more>>

FBM KLCI - in consolidation mode

Stocks on Bursa Malaysia which received a late boost from the banking counters, managed to close in positive territory last Friday. The FBM KLCI rose by 0.02 point to close at 1,706.28 after opening 0.56 points higher at 1,706.82 and hovered between 1,702.60 and 1,710.43. On a weekly basis, the benchmark index rose 7.75 points from previous Friday's 1,698.53. Losers thumped gainers by 398 to 269, with 327 counters unchanged. Volume slipped to 776.416 million shares worth RM1.497 billion from Thursday's 779.791 million shares worth RM1.667 billion. Weekly turnover declined to 4.187 billion shares, worth RM8.264 billion, from previous week’s 5.535 billion shares valued at RM9.124 billion. ...Read more>>

FBM KLCI - lower on profit-taking

Stocks on Bursa Malaysia closed easier in thin trading yesterday on lack of buying support and the absence of fresh catalysts. The FBM KLCI slipped 4.71 points or 0.28% to end at 1,706.26 after hovering between 1,704.29 and 1,711.38 throughout the day. Losers thumped gainers by 413 to 271, with 309 counters unchanged. Volume fell to 779.791 million shares worth RM1.667 billion from 986.98 million shares worth RM2.198 billion on Wednesday. ...Read more>>

FBM KLCI - closing at new record high

Stocks on Bursa Malaysia closed significantly higher yesterday boosted by persistent buying of blue-chips and heavyweight counters as continued bullish sentiment among investors helped the local bourse remain in the positive territory. The FBM KLCI rose 10.44 points or 0.61% to end at 1,710.97, a fresh record high closing, after fluctuating between 1,701.85 and 1,712.14 throughout the day, with Tenaga Nasional Bhd contributing the biggest rise of 3.107 points. Gainers thumped losers by 530 to 228, with 293 counters unchanged. Volume improved to 986.98 million shares, worth RM2.198 billion, from Tuesday's 762.91 million shares valued at RM1.463 billion. ...Read more>>

FBM KLCI - rebounded to close above 1,700

Stocks on Bursa Malaysia closed off its lows yesterday as the FBM KLCI regained lost ground to close in positive zone spurred by local buying support, despite global sentiment being spooked by the Boston Marathon bomb blast. The local bourse opened lower earlier due to subdued global sentiment in the aftermath of the Boston Marathon bombing, which led to a sell-off especially on the overnight Wall Street, coupled with the disappointing economic growth in China. At the close, the FBM KLCI improved 2.76 points or 0.16% to end the day at 1,700.53 after hitting an intra-day low of 1,688.70. Losers led gainers 366 to 275, with 317 counters unchanged. Trading was relatively thin as total volume decreased to 762.91 million shares valued at RM1.463 billion, from Monday's 881.614 million shares worth RM1.438 billion. ...Read more>>

FBM KLCI - consolidation mode with a downward bias

Stocks on Bursa Malaysia closed broadly lower yesterday, in quiet trading, amid weak regional sentiment with prices moving sideways as investors await the release of some corporate results. The FBM KLCI shed 0.76 of a point or 0.04% to end the day at 1,697.77. The barometer index fluctuated between a narrow range of 1,696.95 and 1,702.88 throughout the day. Losers overwhelmed gainers by 519 to 199, with 263 counters unchanged. Turnover decreased to 881.614 million shares, worth RM1.438 billion, from 1.091 billion shares, valued at RM1.724 billion, last Friday. ...Read more>>

FBM KLCI - likely to extend correction

Stocks on Bursa Malaysia closed broadly lower last Friday on profit-taking despite hitting new highs, twice in early morning trade, and for the second consecutive day last week. The FBM KLCI hit a new high of 1712.83 at 9.02am and nine minutes later it touched an all-time peak of 1,716.47. The market was unable to sustain the buying momentum on profit-taking and the market was in a overbought situation. The FBM KLCI closed the day at 1,698.53 points, down 8.51 points or 0.50% from Thursday's close of 1,707.04 points. Week-on-week, the benchmark index gained 9.88 points from 1,688.65 on previous Friday. Decliners outpaced gainers by 476 to 243, with 293 counters unchanged. Turnover slipped to 1.091 billion shares worth RM1.724 billion from Thursday's 1.119 billion shares worth RM2.049 billion. Weekly turnover advanced to 5.535 billion shares worth RM9.124 billion from previous week’s 4.917 billion shares worth RM9.769 billion. ...Read more>>

FBM KLCI - fresh record high for 2nd consecutive day

Stocks on Bursa Malaysia staged a strong rally to end higher yesterday, pushing the benchmark FBM KLCI to touch a fresh all-time high for the second consecutive day. The benchmark index, spurred by aggressive foreign institutional buying, rose by 10.84 points or 0.64% to 1,707.04 after hovering between 1,697.97 and 1,710.35 throughout the day. Market breath was positive with gainers thumping losers by 416 to 317, with 304 counters unchanged. Turnover slipped to 1.119 billion shares worth RM2.049 billion from 1.131 billion shares worth RM1.716 billion on Wednesday. ...Read more>>

FBM KLCI - closing at new all-time high

Stocks on Bursa Malaysia ended firmer yesterday with the benchmark FBM KLCI ended at a new all-time high, lifted by persistent buying in heavyweights. The previous all-time high was 1,694.16 recorded on Jan 7, 2013. The FBM KLCI rose 5.93 points or 0.35% to 1,696.2 after hovering between 1,687.91 and 1,697.51 throughout the day. Decliners edged out advancers 398 to 331, with 283 counters unchanged. Turnover increased to 1.131 billion shares valued at RM1.716 billion, from Tuesday's 1.119 billion shares worth RM1.809 billion. ...Read more>>

FBM KLCI - higher on late buying support

Stocks on Bursa Malaysia ended broadly firmer yesterday backed by last-minute support for blue-chips. Three counters that contributed a total of 2.324 points to the key index were British American Tobacco, which rose RM1.44 to RM63.48, CIMB perked seven sen to RM7.74 and Petronas Chemicals which gained four sen to RM6.39. The FBM KLCI ended 2.28 points or 0.14% higher at 1,690.27, after fluctuating between 1,685.61 and 1,690.45 throughout the day. Advancers beat decliners by 435 to 314, with 283 counters unchanged. Turnover improved to 1.119 billion shares, worth RM1.809 billion, from Monday's 1.073 billion shares valued at RM1.824 billion. ...Read more>>

FBM KLCI - marginally lower on profit-taking

Stocks on Bursa Malaysia closed slightly lower yesterday on late profit-taking amid mixed performances on the regional bourses, where Japan’s Nikkei 225 surged 358.95 points to 13,192.59, while Hong Kong’s Hang Seng slipped 8.85 points to 21,718.05 and Singapore’s Strait Times Index fell 15.17 points to 3,284.61. The FBM KLCI fell 0.66 point or 0.04% to close at 1,687.99, after opening 3.02 points higher at 1,691.67. It moved within a range of 1,683.59 and 1,692.06. Advancers trumped decliners by 472 to 268, with 274 counters unchanged. Turnover increased to 1.073 billion shares worth RM1.824 billion from 974.348 million shares worth RM1.973 billion last Friday. ...Read more>>

FBM KLCI - likely to consolidate

Stocks on Bursa Malaysia closed slightly higher last Friday on late bargain hunting after mild profit-taking in the morning session. Foreign funds buying has helped boost the local market as over the last five days, foreign investors have pumped in about RM2.5 billion into the market. The FBM KLCI, which touched an intra-day high of 1,700.55 on Thursday, rose by 0.19 point to close at 1,688.65 after moving between 1,680.17 and 1,688.96 throughout the day. On a weekly basis, the benchmark index rose 17.02 points from previous Friday's 1,671.63. Gainers led losers by 480 to 252 with 291 counters unchanged. Daily turnover declined to 974.348 million shares worth RM1.973 from 996.007 million shares worth RM1.751 billion on Thursday, while weekly turnover increased to 4.917 billion shares worth RM9.769 billion from previous week's 4.048 billion shares worth RM8.904 billion. ...Read more>>

FBM KLCI - higher amid heavy distribution

Stocks on Bursa Malaysia closed firmer yesterday supported by gains in blue-chips despite the weaker performance on regional bourses, as overnight Wall Street ended on a weaker note with the Dow Jones Industrial Average slipping between 0.8% and 1.1% after bearish economic data halted the market’s upward momentum. The FBM KLCI went through see-saw trading yesterday, but the key index managed to hold, ending 3.06 points or 0.18% higher at 1,688.46, after opening 4.43 points lower at 1,680.97. The FBM KLCI moved between 1,678.18 and 1,700.55 throughout the day. Gainers led losers by 534 to 226 with 264 counters unchanged. Turnover declined to 996.007 million shares worth RM1.751 billion from Wednesday's 1.345 billion shares worth RM2.893 billion. ...Read more>>

FBM KLCI - possible peak with reversal in sight

Stocks on Bursa Malaysia closed slightly higher yesterday, supported by late buying interest which helped pare losses in the earlier session. The volatile market movement was mainly influenced by the long-awaited announcement on the 13th general election. Panic selling was seen on the local bourse, resulting in the key index falling more than 50 points, an hour before the prime minister went “live” over television for the announcement of the dissolution of the Parliament to pave the way for the general election. However, the FBM KLCI started to stabilise later as investors resumed their activities and began bargain hunting. The FBM KLCI inched up 0.40 of a point to close at 1,685.40, after opening 3.33 points higher at 1,688.33. The key index dipped to a low of 1,632.28, while scaling a high of 1,692.85 for the day. Decliners led losers by 585 to 237 with 300 counters unchanged. Turnover advanced to 1.345 billion shares worth RM2.893 from the 1.007 billion shares worth RM1.976 billion on Tuesday. ...Read more>>

FBM KLCI - higher on strong buying momentum

Stocks on Bursa Malaysia ended broadly higher yesterday in active trading on strong investor buying support. Regional bourses, however, were mixed as investors were cautious of the US economic growth data. The FBM KLCI surged 17.39 points or 1.04% to close at 1,685.0, after opening 1.22 points higher at 1,668.83, and moved between 1,668.70 and 1,685 throughout the day. Advancers led decliners by 522 and 224 with 278 counters unchanged. Turnover advanced to 1.007 billion shares worth RM1.976 billion from Monday's 594.161 million shares worth RM1.174 billion. ...Read more>>

FBM KLCI - lower on continued profit taking

Stocks on Bursa Malaysia ended lower in thin trading yesterday on lack of buying interests despite mixed performances on the regional bourses, as most of the regional markets were still closed for Easter celebrations. The FBM KLCI slipped 4.02 points or 0.24% to close at 1,667.61, after opening 0.25 point higher at 1,671.88 and hit an intra-day low of 1,659.20. Advancers led decliners by 329 and 317 with 289 counters unchanged. Turnover declined to 594.161 million shares worth RM1.174 billion from last Friday's 610.18 million shares worth RM1.169 billion. ...Read more>>

FBM KLCI - poised for a correction

Stocks on Bursa Malaysia closed mixed in thin trade last Friday as weak performance in regional markets kept investors sidelined. The Asian markets showed mixed performance amid poor economic data from Japan, the world’s third largest economy, and quiet trading due to the Easter holiday with markets in Australia, Hong Kong and Singapore closed. The FBM KLCI slipped 2.41 points or 0.14% to close at 1,671.63, after opening 5.96 points higher at 1,680. On a weekly basis, the key index gained 44.74 points from previous week's 1,626.89. Advancers and decliners were at the same level of 346, with 293 counters unchanged. Turnover declined to 610.18 million shares worth RM1.169 billion from Thursday's 917.244 million shares worth RM2.073 billion. Weekly turnover reduced to 4.048 billion shares worth RM8.905 billion, compared with 4.594 billion shares valued at RM8.177 billion previously.  ...Read more>>