FBM KLCI - higher on continued rebound

Stocks on Bursa Malaysia closed higher yesterday, propped up by interest in selected financial counters amid firmer regional markets. The local market took a cue from the bullish regional markets following positive sentiment from the US after the country revised downwards its gross domestic projection to 1.8 per cent from 2.4 per cent earlier. The news eased investors' concerns over the US Federal Reserve ending the economic stimulus programme in the near term. The FBM KLCI rose 10.81 points or 0.62% to close at 1,751.57 after moving between 1,742.7 and 1,753.76 throughout the trading session. Gainers outpaced losers by 503 to 253, with 289 counters unchanged. Total volume declined to 1.32 billion shares worth RM2.19 billion from Wednesday's 1.43 billion shares worth RM2.42 billion. ...Read more>>

FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia rebounded yesterday to close higher on a technical correction after a five-day losing streak, alongside positive external sentiment. Asian stocks rose for the first time in three days after better-than-estimated U.S. data bolstered the outlook for the world's largest economy and China's central bank sought to ease cash crunch concerns. The FBM KLCI rose 12.12 points or 0.7% to close at 1,740.76 after moving between 1,724.82 and 1,744.64 throughout the day. Gainers outpaced losers by 577 to 195, with 255 counters unchanged. Total volume slipped to 1.439 billion shares worth RM2.422 billion from 1.599 billion shares worth RM2.851 on Tuesday. ...Read more>>

FBM KLCI - turning bearish for the medium term

Stocks on Bursa Malaysia closed at a seven-week low yesterday as increasing worries over external developments curbed investors' appetite, influenced by concerns about a credit crunch in China, reflecting the prospect of slower economic growth for the world's second largest economy. The FBM KLCI fell 9.55 points or 0.55% to close at 1,728.64, after moving between 1,723.74 and 1,743.16 throughout the trading session. Losers trounced advancers by 531 to 258, with 289 counters unchanged. Total volume slipped to 1.599 billion shares worth RM2.851 billion from 1.67 billion shares valued at RM2.18 billion on Monday. ...Read more>>

FBM KLCI - trend has turned down

Stocks on Bursa Malaysia ended lower yesterday on cautious external sentiments amid anticipation of the US and China's monetary tightening concerns. The FBM KLCI declined 17.66 points or 1.01% to 1,738.19, after hovering between 1,737.99 and 1,756.02 throughout the day. Losers thrashed gainers by 797 to 121 while 193 counters were unchanged. Total volume fell to 1.671 billion shares worth RM2.188 billion compared to 2.052 billion shares worth RM3.788 billion on Friday. ...Read more>>

FBM KLCI - likely to see further consolidation

Stocks on Bursa Malaysia closed lower last Friday following Wall Street's plunge on Thursday, and investor reluctance to take heavy positions ahead of the weekend. At close, the FBM KLCI fell 6.49 points or 0.37% to 1,755.85 after opening 15.60 points lower at 1,746.74, and hovered between 1,737.66 and 1,762.49 throughout the day. On a weekly basis, the barometer index lost 6.34 points from previous Friday's close of 1,762.19. Losers outnumbered gainers by 512 to 306 while 267 counters were unchanged. Total volume rose to 2.052 billion shares worth RM3.788 billion compared to 1.638 billion shares, worth RM2.017 billion on Thursday. Weekly turnover slipped to 8.724 billion shares, worth RM11.063 billion compared with previous week's 10.38 billion shares, valued at RM12.234 billion. ...Read more>>

FBM KLCI - bearish outlook for the short term

Stocks on Bursa Malaysia closed in the red yesterday in line with other regional bourses as most investors sold off their holdings following news that United States was scaling back its bond-buying programme. Across the region, other bourses also remained in the negative territory with Hong Kong's Hang Seng plummeted 604.02 points or 2.88% to 20,382.87, Singapore's STI was 79.55 points or 2.48% lower at 3,134.24 and Japan's Nikkei 225 dropped 230.64 points or 1.74% to 13,014.58. The FBM KLCI ended 10.54 points or 0.59% lower at 1,762.34, after hovering between 1,758.86 and 1,766.73 throughout the day. Decliners led advancers 667 to 172 while 257 counters were unchanged. Total volume stood at 1.638 billion shares, worth RM2.017 billion, against Wednesday's 1.434 billion shares worth RM1.821 billion. ...Read more>>

FBM KLCI - lower on heavy profit-taking

Stocks on Bursa Malaysia closed lower yesterday as most investors remained on the sidelines ahead of the outcome of the United States Federal Open Market Committee (FOMC) meeting later in the day, and most regional bourses were in the red. Recent mixed data on the health of the U.S. economic recovery is expected to encourage the Fed to leave its ultra-loose policy unchanged, but markets are on alert for any hints on when or how quickly it could wind back its bond buying. The FBM KLCI fell 1.17 points or 0.07% to 1,772.88, after hovering between 1,772.07 and 1,782.41 throughout the day. Losers led gainers by 417 to 352 while 311 counters were unchanged. Total volume slipped to 1.434 billion shares worth RM1.821 billion compared with 1.486 billion shares worth RM1.773 billion on Tuesday. ...Read more>>

FBM KLCI - continued moving higher

Stocks on Bursa Malaysia closed firmer yesterday, supported by gains mostly seen in finance stocks led by CIMB and Maybank. Regionally, most bourses were in the red, with Japan's Nikkei 225 slipping 25.84 points to 13,007.28, Hong Kong's Hang Seng eased 0.02 of a point to 21,225.88 while Singapore's Straits Times increased 47.72 points to 3,231.16. The FBM KLCI gained 1.88 points or 0.11% to 1,774.05, after hovering between 1,765.38 and 1,774.78 throughout the whole trading session. Advancers led decliners by 441 to 311, with 294 counters unchanged. Total volume was at 1.486 billion shares worth RM1.773 billion compared to Monday's closing of 2.113 billion shares worth RM1.664 billion. ...Read more>>

FBM KLCI - rebounded in line with regional markets

Stocks on Bursa Malaysia closed higher yesterday in line with regional bourses, reversing last week's downtrend, with buying mostly seen in selected heavyweights. A similar upward trend swept the region which saw Japan's Nikkei 225 gaining 346.60 points to 13,033.12, Hong Kong's Hang Seng advancing 256.76 points to 21,225.90 and Singapore's Straits Times rising 23.11 points to 3,184.54. The FBM KLCI was 9.98 points or 0.57% better at 1,772.17, after hovering between 1,758.8 and 1,773.65 throughout the day. Gainers led losers by 405 to 334 with 304 counters unchanged. Volume totalled 2.113 billion shares worth RM1.664 billion against Friday's 1.87 billion shares valued at RM2.119 billion. ...Read more>>

FBM KLCI - likely to further consolidate

Stocks on Bursa Malaysia rebounded from recent losses to close on a firm note last Friday, as sharp gains in regional equity markets on positive economic data from US sparked buying interest on the local bourse. The FBM KLCI rose 19.32 points or 1.11% to close at 1,762.19 after opening 6.54 points higher at 1,749.41. Week-on-week, the key index lost 13.4 points from previous Friday's 1,775.59. Market breadth was positive as gainers thumped losers 526 to 221, with 319 counters unchanged. Volume declined to 1.869 billion units worth RM2.119 billion from 2.134 billion units valued at RM2.794 billion on Thursday. Weekly turnover rose to 10.38 billion shares worth RM12.234 billion from 10.11 billion shares valued at RM11.12 billion last week. ...Read more>>

FBM KLCI - a major correction has started

Stocks on Bursa Malaysia closed lower across the board at a five-week low yesterday due to growing concerns over the outlook for the United States monetary policies that have put global equity markets under pressure. Jitters on the US Federal Reserve, which could taper down bond purchases, put more pressure into global equity markets which have already been affected after the Bank of Japan declined to take additional stimulus measures on Tuesday. The FBM KLCI, influenced by regional sell-off, ended the day at 1,742.87, down 32.25 points or 1.81%, after hitting an intra-day high at 1,774.52 but ended at intra-day low of 1,742.87. Losers beat gainers by 803 to 142, with 186 counters unchanged. Volume expanded to 2.134 billion units valued at RM2.794 billion from 1.725 billion units worth RM2.231 billion on Wednesday. ...Read more>>

FBM KLCI - lower on weak sentiment

Stocks on Bursa Malaysia closed lower yesterday on lack of buying support amid continued weak sentiment in regional equity markets. The selling of foreign funds had put pressure on the local market, and the bearish overnight Dow Jones Index and weaker regional indices also contributed to the weak performance. The FBM KLCI ended the day at 1,775.12, down 4.45 points or 0.25%, after hovering between 1,767.3 and 1,777.4 throughout the day. Losers led gainers by 487 to 278, while 314 counters were unchanged. Volume slipped to 1.709 billion units valued at RM2.213 billion from Tuesday's 2.233 billion units valued at RM2.556. ...Read more>>

FBM KLCI - pulled back on weak sentiment

Stocks on Bursa Malaysia closed broadly lower yesterday due to the weaker regional sentiment as the sharp decline in Japan's Nikkei 225, attributed to the still unclear situation about the US quantitative easing programme, dragged down regional markets. The FBM KLCI, which retreated right after the lunch break, fell 8.23 points or 0.46% to 1,779.57 after hovering between 1,779.57 and 1,792.19 throughout the day. Market breadth was negative with losers thumped gainers by 598 to 255, while 282 were unchanged. Volume slipped to 2.233 billion units valued at RM2.556 billion from Monday's 2.417 billion units worth RM2.532 billion. ...Read more>>

FBM KLCI - higher on fresh buying interest

Stocks on Bursa Malaysia closed broadly higher at a two-week high yesterday, boosted by persistent buying support, especially in blue-chips and plantation heavyweights. The benchmark FBM KLCI rose 12.21 points or 0.69% to 1,787.8 after hovering between 1,780.17 and 1,792.67 throughout the day. Market breadth was positive as gainers thumped losers by 667 to 224, with 233 counters unchanged. Volume rose to 2.417 billion units valued at RM2.532 billion from Friday's 1.58 billion units valued at RM2.09 billion. ...Read more>>

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

Stocks on Bursa Malaysia closed higher last Friday on active buying support, led by gains in the finance stocks despite losses in selected blue-chips. The barometer index, FBM KLCI added 5.99 points or 0.34% to close at 1,775.59 after moving between 1,778.68 and 1,768.29 throughout the day. Week-on-week, the key index gained 6.37 points from previous Friday's 1,769.22. Gainers led losers by 511 to 297, with 274 counters unchanged. Volume declined to 1.58 billion units valued at RM2.09 billion from 1.89 billion units valued at RM2.32 billion on Thursday. ...Read more>>

FBM KLCI - lower on continued selling pressure

Stocks on Bursa Malaysia closed lower yesterday in cautious trading on mild profit-taking, with losses seen in selected heavyweights. The barometer index FBM KLCI fell 4.82 points or 0.27% to close at 1,769.6 after a day of "see-saw" trading. The key index moved between 1,777.74 and 1,767.23 throughout the day. Losers led gainers by 593 to 268, with 265 counters unchanged. Volume fell to 1.89 billion units valued at RM2.32 billion from 2.22 billion units valued at RM2.14 billion on Wednesday. ...Read more>>

FBM KLCI - uncertainty with a downward bias

Stocks on Bursa Malaysia closed on a weaker note yesterday on profit-taking, with losses mostly seen in consumer stocks and selected heavyweights. The FBM KLCI ended 2.32 points or 0.13% lower at 1,774.42 after moving between 1,778.64 and 1,772.38 throughout yesterday. Losers trounced gainers by 507 to 330, with 283 counters unchanged. Volume rose to 2.22 billion units valued at RM2.14 billion from 2.1 billion units worth RM2.21 billion on Tuesday. ...Read more>>

FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia ended on a positive note yesterday after recent losses on renewed buying interest from bargain hunters, and most of the regional bourses had also recovered, despite weak US manufacturing data in May, the lowest since June 2009, as this had eased the concerns of an early cut in the Federal Reserve (Fed) stimulus. The FBM KLCI ended yesterday at an intra-day high of 1,776.74, up 10.41 points or 0.59%, after moving between 1,776.74 and 1,767.2 throughout the day. Gainers led losers by 495 to 378, with 248 counters unchanged. Volume declined to 2.1 billion units valued at RM2.21 billion from Monday's 2.31 billion units valued at RM2.36 billion. ...Read more>>

FBM KLCI - weakness continues

Stocks on Bursa Malaysia closed weaker yesterday on continued profit-taking, mostly in consumer and finance stocks. Regional bourses were mostly down as investors are keeping an eye on the US Federal Reserve's next course of action after its massive bond purchase in May. The benchmark FBM KLCI ended trading at an intra-day low of 1,766.33, down by 2.89 points or 0.16%, after hovering between 1,773.07 and 1,766.33. Market breadth was negative with losers leading gainers by 621 to 268 while 215 were unchanged. Volume rose to 2.31 billion shares valued at RM2.36 billion from 2.22 billion shares valued at RM3.45 billion last Friday. ...Read more>>

FBM KLCI - likely to further correct

Stocks on Bursa Malaysia ended mixed last Friday on continuous selling pressure in line with regional peers. The FBM KLCI fell 5.7 points or 0.32% to 1,769.22 after opening 1.78 points higher at 1,776.7. The benchmark index hovered between 1,769.22 and 1,780.98 throughout the day. On a weekly basis, the FBM KLCI ended 3.84 points lower from 1,773.06. Market breadth was positive with gainers led losers by 436 to 422, while 265 counters were unchanged. Daily turnover stood at 2.22 billion shares valued at RM3.45 billion from 1.17 billion shares worth RM2.07 billion on Thursday, while weekly turnover dipped to 10.862 billion shares valued at RM13.287 billion from 10.942 billion shares worth RM11.765 billion. ...Read more>>