FBM KLCI - in consolidation

Stocks on Bursa Malaysia finished on a lower note yesterday, with losses mostly seen in finance and banking stocks led by CIMB and Maybank, as local blue-chips were stuck in recent tight confines as institutional investors displayed caution and reluctance to make bold bets ahead of US Federal Reserve (Fed) decisions and important statement by Fed chairman Ben Bernanke tonight. The FBM KLCI ended 3.7 points or 0.21% lower at 1,795.08 after moving between 1,792.77 and 1,800.20 throughout the day. Market breadth was negative with losers led gainers by 436 to 299, while 323 were unchanged. Total volume traded was higher at 2.145 billion shares valued at RM2.072 billion from 1.205 billion shares worth RM1.734 billion on Monday. ...Read more>>

FBM KLCI - lower on continued profit-taking

Stocks on Bursa Malaysia closed lower yesterday on weak buying momentum amid external volatility. Japan's Nikkei 225 fell 3.3 percent to 13,661.13 in the face on strong yen and flat earnings, as the strengthening of the yen against the US dollar was 'threatening' one of policy measures in Abenomics to address the Japan's macroeconomic problems. The FBM KLCI fell by 8.83 points or 0.49% to close at 1,798.78 after hovering between 1,808.66 and 1,797.88. Market breadth was negative, with 214 gainers against 583 losers, while 267 were unchanged. Turnover stood at 1.20 billion shares worth RM1.73 billion versus last Friday's 1.11 billion shares worth RM1.62 billion. ...Read more>>

FBM KLCI - likely to consolidate

Stocks  on Bursa Malaysia closed easier in quiet trading last Friday on mild profit taking activity but the composite index managed to stay above the 1,800-points level. The market sentiment turned mildly bearish in line with weak key regional markets, led by Japan. The FBM KLCI ended at 1,807.61, down 0.81 points or 0.04%, with losses in CIMB dragging the composite index by 1.511 points. The barometer index moved between 1,804.98 and 1,811.65 points throughout the day. On weekly basis, the FBM KLCI gained 9.87 points higher from previous Friday's 1,797.74 points. Losers thumped gainers by 443 to 303, with 323 counters unchanged. Turnover rose to 1.119 billion shares, valued RM1.623 billion from Thursday's 1.37 billion shares, worth RM1.86 billion. Weekly turnover fell to 6.832 billion shares worth RM9.501 billion from previous week's 7.518 billion shares valued at RM11.102 billion. ...Read more>>

FBM KLCI - lower on mild profit-taking

Stocks on Bursa Malaysia retreated to close lower in volatile trade in tandem with regional markets. Losses in regional indices were due to Wall Street's overnight drop, and most Asian equities market turned cautious as sentiment was dragged down in anticipation of the second-quarter corporate earnings season. At close, the FBM KLCI stood at 1,808.42, down 1.58 points or 0.09% from Wednesday's close. The barometer index moved between 1,808.04 and 1,811.57 throughout the day. Losers thumped gainers by 445 to 312, with 323 counters unchanged. Turnover rose to 1.37 billion shares, worth RM1.86 billion, from 1.539 billion shares, valued RM1.94 billion, transacted on Wednesday. ...Read more>>

FBM KLCI - new record high for 2nd consecutive day

Stocks on Bursa Malaysia closed generally higher yesterday with the FBM KLCI continued its upward momentum to close at an all-time-high, for the second consecutive day, at 1,810.00, up 4.69 points or 0.26% after opening 1.08 points lower at 1,804.23. The benchmark index, spurred by foreign institutional buying, moved between 1,804.23 and 1,810.71 throughout the day. The firmer trend was due to inflow of foreign funds on growing investor optimism after Japanese Prime Minister Shinzo Abe's ruling coalition managed to security a majority in both houses of parliament. The victory spurred positive sentiment regionally with the markets expected to see prolonged stimulus programmes which will boost Japan's economy in the near term. Gainers outnumbered losers by 392 to 356, with 347 counters unchanged. Turnover rose to 1.541 billion shares worth RM1.941 billion from 1.424 billion shares worth RM2.252 billion on Tuesday. ...Read more>>

FBM KLCI - at fresh all-time high

Stocks on Bursa Malaysia rebounded to close higher yesterday in tandem with the regional equities markets, boosted by persistent buying interest from local and foreign fund managers. The FBM KLCI rose 7.63 points or 0.42% to finish at 1,805.31, a fresh all-time high, after opening 9.52 points higher at 1,807.20, with gains seen in blue chips and key heavyweights. The barometer index hovered between 1,801.83 and 1,807.27 throughout the trading session. Gainers outpaced losers by 416 to 392, with 293 counters unchanged. Turnover rose to 1.424 billion shares worth RM2.252 billion from 1.375 billion shares worth RM1.822 billion on Monday. ...Read more>>

FBM KLCI - toppish reversal signal

Stocks on Bursa Malaysia closed off-best yesterday on late profit-taking after recent gains despite a stable external backdrop. Most Asian stocks, however, rallied yesterday after Japan's ruling party, Liberal Democratic Party, led by Prime Minister Shinzo Abe, won a majority in Parliament's Upper House and a mandate to push ahead economic reforms. The FBM KLCI, supported by persistent buying interest for blue-chips earlier, slipped 0.06 of a point to end at 1,797.68 after hitting an intra-day high of 1,803.31. Losers outpaced gainers by 426 to 384, with 289 counters unchanged. Turnover fell to 1.375 billion shares worth RM1.822 billion from 1.649 billion shares worth RM2.366 billion on Friday. ...Read more>>

FBM KLCI - likely to go above 1,800

Stocks on Bursa Malaysia closed broadly higher last Friday. The local bourse saw active buying interest where sentiments were boosted by Wall Street's overnight gains, and, heavyweights like Tenaga Nasional also helped push the key index to a record high, following news of the possibility of an upward review of the electricity tariff. The FBM KLCI extended its gains for two consecutive days to close at an all-time high of 1,797.74, up 6.20 points or 0.35%, and week-on-week, it gained 12.09 points or 0.65% from previous Friday's 1,785.65. The key index hit an intra-day high of 1,800.26 after opening 2.84 points better at 1,794.38. Gainers outpaced decliners by 425 to 380, with 311 counters unchanged. Turnover fell to 1.649 billion shares worth RM2.366 billion from 1.751 billion shares worth RM2.744 billion on Thursday. However, weekly turnover rose to 7.518 billion shares, valued at RM11.102 billion, from previous week's 6.47 billion shares, valued at RM8.74 billion. ...Read more>>

FBM KLCI - closing at fresh record high

Stocks on Bursa Malaysia closed broadly higher yesterday with the FBM KLCI posted a new record high at close, garnering 2.88 points or 0.16% to 1,791.54 on strong buying interest from retail investors. The key index hovered between 1,786.99 and 1,792.36 throughout the day after opening 1.67 points lower at 1,786.99. Gainers almost double the losers by 547 to 280, with 301 counters unchanged. Turnover rose to 1.751 billion shares worth RM2.744 billion from 1.593 billion shares worth RM2.432 billion on Wednesday. ...Read more>>

FBM KLCI - higher on last minute buying

Stocks on Bursa Malaysia rebounded to close higher yesterday on last-minute buying, which helped push the FBM KLCI into positive territory. The key index swung between gains and losses in the absence of fresh leads and was in a consolidation mode ahead of the US Federal Reserve chairman Ben Bernanke's twice-yearly monetary policy report to the Congress yesterday and today. The FBM KLCI ended 2.27 points higher at 1,788.66, after moving between 1,789.48 and 1,784.47 throughout the day. Market breadth was positive, with 482 gainers and 323 losers, while 288 counters were unchanged. Turnover increased to 1.593 billion shares worth RM2.432 billion from the 1.402 billion shares worth RM1.944 billion on Tuesday. ...Read more>>

FBM KLCI - toppish signal

Stocks on Bursa Malaysia finished on a mixed note yesterday amid renewed concerns over the global economic outlook. The market swung between gains and losses as most investors stayed on the sidelines on lack of fresh leads. However, gains on the finance counter helped limit overall losses. The FBM KLCI ended 0.28 point lower at 1,786.39, after opening 1.13 points lower at 1,785.54. It moved between 1,784.61 and 1,790.40 throughout the day. However, market breadth was positive, with 435 gainers and 318 losers, while 322 counters were unchanged. Turnover increased to 1.402 billion shares worth RM1.944 billion from 1.121 billion shares worth RM1.615 billion on Monday. ...Read more>>

FBM KLCI - higher on last minute buying

Stocks on Bursa Malaysia finished higher yesterday on continuous buying interest in selected heavyweights. The benchmark index, which was in the red since it started trading yesterday, managed to pull back into positive territory in the last ten minutes, helped by Maybank shares which counter back losses in the index. The FBM KLCI ended 1.02 points or 0.06% higher at 1,786.67 after opening 3.73 points lower at 1,781.92, and hovered between 1,781.64 and 1,786.67 throughout the day. Market breadth was positive, with 372 gainers and 356 losers, while 304 counters were unchanged. Turnover dwindled to 1.121 billion shares worth RM1.615 billion from 1.16 billion shares valued at RM1.72 billion on Friday. ...Read more>>

FBM KLCI - turning bullish

Stocks on Bursa Malaysia finished higher last Friday extending their upward momentum as sentiment was boosted by Wall Street's overnight gains. Market sentiment was also bolstered by an accommodative stance from Bank Negara Malaysia as its Monetary Policy Committee had on Thursday opted to maintain the Overnight Policy Rate (OPR) stable at 3.0 per cent, marking the 13th successive meeting the central bank has kept its OPR unchanged. The FBM KLCI ended 4.5 points or 0.25% higher at 1,785.65 after opening 3.85 points better at 1,785.0, and hovered between 1,781.74 and 1,786.98 throughout the day. On a weekly basis, the benchmark index gained 13.38 points, or 0.8%,  from 1,772.27 on July 5. Market breadth was positive, with 393 gainers and 325 losers, while 320 counters were unchanged. Turnover decreased to 1.16 billion shares valued at RM1.72 billion from Thursday's 1.21 billion shares worth RM1.90 billion. Weekly turnover stood at 6.472 billion shares valued at RM8.740 billion, compared with previous week's 6.318 billion units worth RM9.005 billion. ...Read more>>

FBM KLCI - breaking out of range-bound consolidation

Stocks on Bursa Malaysia ended higher yesterday on sustained buying in selected heavyweights ahead of Bank Negara Malaysia's Monetary Policy Committee meeting later of the day. The local market also moved in line with regional markets after US Federal Reserve chairman Ben Bernanke promised to continue to stimulate the US economy. The FBM KLCI rose 12.44 points or 0.7% to close at 1,781.15, after opening 7.84 points better at 1,776.55. The benchmark index hovered between 1,776.55 and 1,781.86 throughout the day. Market breadth was positive, with 460 gainers and 313 losers, while 302 counters were unchanged. Turnover decreased to 1.21 billion shares worth RM1.90 billion from 1.22 billion shares valued at RM1.70 billion on Wednesday. ...Read more>>

FBM KLCI - marginally higher on weak rebound

Stocks on Bursa Malaysia ended mixed yesterday amid weak buying momentum despite Wall Street closing on a positive note overnight. The local market is lacking domestic catalyst as well as persistent sell down in regional bourses by foreigners, and cautious remark on global economic growth by the International Monetary Fund also affected sentiment.  The FBM KLCI was 2.22 points or 0.13% higher at 1,768.71, after opening 0.18 point better at 1,766.67. The benchmark index hovered between 1,766.67 and 1,771.24 throughout the day. Market breadth was negative with losers outpacing gainers by 441 to 308, with 280 counters unchanged. Turnover decreased to 1.22 billion shares valued at RM1.70 billion versus 1.51 billion shares worth RM1.84 billion on Tuesday. ...Read more>>

FBM KLCI - in consolidation mode

Stocks on Bursa Malaysia rebounded to close higher yesterday in line with the regional markets. Most regional bourses showed improvements with key indices rising between 0.2 per cent and 0.6 per cent. China's Shanghai Composite inched up 0.37% to 1,965.45, South Korea's KOSPI rose 0.74% to 1,830.35 and Hong Kong's Hang Seng increased 0.49% to 20,683.01. The FBM KLCI rose by 3.62 points or 0.21% to close at 1,766.49, after opening 4.15 points better at 1,767.02. The benchmark index hovered between 1,766.23 and 1,769.06 throughout the day. Market breadth was positive with gainers outpacing losers by 466 to 286, with 297 counters unchanged. Turnover increased to 1.51 billion shares worth RM1.84 billion compared with Monday's 1.37 billion shares worth RM1.57 billion. ...Read more>>

FBM KLCI - lower on continued profit-taking

Stocks on Bursa Malaysia ended lower yesterday on weak buying momentum amid external volatility as sentiment remained cautious ahead of the start of the second quarter 2013 results season this week, and investors were also getting nervous ahead of the US Federal Reserve Chairman Ben S. Bernanke's speech on monetary policy scheduled for July 11. The FBM KLCI succumbed to profit taking to settle at 1,762.87, down 9.4 points or 0.53%. The benchmark index hovered between 1,762.87 and 1,774.67 after opening 0.6 of a point better at 1,772.87. Market breadth was negative, with 431 gainers, 314 losers, 291 counters unchanged. Turnover stood at 1.37 billion shares worth RM1.57 billion versus last Friday's 1.63 billion shares worth RM1.96 billion. ...Read more>>

FBM KLCI - likely to further consolidate

Stocks on Bursa Malaysia ended last Friday marginally firmer in tandem with the regional markets, tracking the overnight performance of the European equities. The market got a lift from a pledge made by the European Central Bank president that interest rates would be kept low as long as needed. However, the gains were capped on concern over political unrest in Egypt that could potentially de-stabilise the Middle East and the caution ahead of the release of US jobs data. At close, the FBM KLCI gained 0.93 point or 0.05% to 1,772.27 after opening 5.59 points better at 1,774.41, and hovered between 1,772.16 and 1,778.96 throughout the day. On a weekly basis, the key index eased 1.27 points from previous Friday's 1,773.54. Gainers led losers by 544 to 215 while 273 counters were unchanged. Total volume fell to 1.628 billion shares worth RM1.959 billion from Thursday's 1.176 billion shares worth RM1.578 billion, and weekly turnover slipped to 6.32 billion shares worth RM9.01 billion, compared to last week's 7.52 billion shares worth RM12.38 billion. ...Read more>>

FBM KLCI - rebounded to close higher

Stocks on Bursa Malaysia ended firmer yesterday in tandem with regional markets, tracking the favourable overnight performance of US equity markets. However, there were still concerns over the political tension in Portugal and Egypt, as well as caution over key events such as today's US jobs data (Non-farm payroll) release. The FBM KLCI rose 2.13 points, or 0.12%, to close at 1,771.34. The key barometer opened 0.39 point higher at 1,769.21 and hovered between 1,768.82 and 1,774.66 throughout the day. Gainers led losers by 487 to 221 while 288 counters were unchanged. Total volume fell to 1.176 billion shares worth RM1.578 billion from 1.247 billion shares worth RM2.102 billion on Wednesday. ..Read more>>

FBM KLCI - lower on continued profit-taking

Stocks on Bursa Malaysia ended easier yesterday in the absence of fresh market leads, in tandem with weak global sentiment. The FBM KLCI fell 2.68 points, or 0.15%, to close at 1,769.21. The key barometer opened 0.53 of a point higher at 1,772.42 and hovered between 1,769.21 and 1,776.07 throughout the day. Losers led gainers by 385 to 339 while 295 counters were unchanged. Total volume increased to 1.247 billion shares worth RM2.102 billion from 1.17 billion shares worth RM1.79 billion on Tuesday. ...Read more>>

FBM KLCI - lower on profit-taking

Stocks on Bursa Malaysia ended easier yesterday amid a lacklustre market, weighed down by losses in index-linked counters. The market rose initially helped by the steadier close on US equities with sentiment boosted by news that the global economy was on recovery track, but thereafter paused for a breather after the rebound late last week and Monday. The FBM KLCI fell 3.25 points, or 0.18%, to close at 1,771.89 after hovering between 1,770.26 and 1,777.06 throughout the day. Losers led gainers by 364 to 334 while 297 counters were unchanged. Total volume increased to 1.17 billion shares worth RM1.79 billion from 1.097 billion shares worth RM1.566 billion on Monday. ...Read more>>

FBM KLCI - marginally higher

Stocks on Bursa Malaysia closed firmer yesterday on persistent buying support after earlier losses, as financial stocks and blue-chips helped the FBM KLCI move into positive territory. The FBM KLCI rose 1.6 points, or 0.09%, to close at 1,775.14, after opening 1.56 points lower at 1,771.98 and hovered between 1,767.5 and 1,775.76 throughout the day. Losers led gainers by 386 to 351, with 257 counters unchanged. Total volume fell to 1.097 billion shares worth RM1.566 billion from 1.48 billion shares worth RM2.73 billion on last Friday. ...Read more>>

FBM KLCI - trend has turned up

Stocks on Bursa Malaysia closed higher last Friday on institutional investors' half-yearly book closing activities, and in line with the regional markets as positive spill-over from US strength continued to fuel bullish sentiment in the market. Regional stocks rose as US Federal Reserve officials hinted at keeping easy-money policies in place until the economy is back on its feet. The FBM KLCI chalked up 21.97 points, or 1.25%, to close at 1,773.54, after moving between 1,754.46 and 1,773.54 throughout the trading session. On a weekly basis, the benchmark index gained 17.69 points from previous Friday's 1,755.85. Gainers doubled losers by 508 to 253, with 306 counters unchanged. Total volume rose to 1.48 billion shares worth RM2.73 billion from yesterday's 1.32 billion shares worth RM2.19 billion. Weekly turnover slipped to 7.521 billion shares, worth RM12.38 billion compared with previous week's 8.724 billion shares, worth RM11.063 billion. ...Read more>>