FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia closed firmer yesterday, staging a technical rebound from its recent losses, in line with regional bourses, as concerns over the geopolitical tension in Syria and rising crude oil price subsided. The FBM KLCI rose 17.61 points, or 1.04%, to close at 1,703.78 after opening 0.66 point easier at 1,685.51, and the key index moved between 1,684.08 and 1,707.19 throughout the day. Gainers trounced losers by 678 to 182, with 245 counters unchanged. Turnover stood at 1.852 billion shares worth RM2.260 billion against Wednesday's 2.242 billion shares worth RM3.373 billion. ...Read more>>

FBM KLCI - sign of bottom reversal

Stocks on Bursa Malaysia tumbled for the second consecutive day yesterday along with most regional bourses, with blue chips battered by rising foreign selling amid investors' concerns over Syria and a possible easing of stimulus measures by the US Federal Reserve. Losses from the heavy selling, however, was pared down when local institutional investors stepped in to pick up the battered counters in afternoon trading. The FBM KLCI fell 15.07 points, or 0.88%, after losing more than 40 points in early trading, to close at 1,686.17, with the key index moving between 1,689.68 and 1,660.39. Losers overwhelmed gainers by 631 to 265, with 274 counters unchanged. Turnover stood at 2.24 billion shares worth RM3.37 billion against 2.29 billion shares worth RM2.68 billion on Tuesday. ...Read more>>

FBM KLCI - lower on panic selling

Stocks on Bursa Malaysia closed lower yesterday led by blue-chips and heavyweights, amid weak global sentiment. Asian stock prices came under fresh heavy selling yesterday, with currencies from India to Indonesia in freefall as foreign funds continued to flee emerging markets on worsening economic outlook and escalating violence in Syria. Investors' frayed nerves rattled amid rising threat of possible unilateral military strike on Syria by Western powers. The FBM KLCI dipped below the 1,700 points level for the first time since May during intra-day trade before it settled 21.25 points or 1.2% lower at 1,701 points. The local benchmark has fallen by 100 points this month alone. Losers hammered gainers by 990 to 73, with 135 counters unchanged. Turnover rose to 2.29 billion shares worth RM2.68 billion against 1.50 billion shares worth RM1.76 billion on Monday. ...Read more>>

FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia closed mixed yesterday despite continuous buying interest in selected blue chips. The FBM KLCI pared some of its gains at close after having risen more than 10 points in early trade, as investors took profit. The FBM KLCI ended slightly higher by 1.42 points or 0.08% to 1,722.49, after moving between 1,722.14 and 1,732.25 throughout the day. Losers thumped gainers by 506 to 306, with 255 counters unchanged. Turnover stood at 1.503 billion shares worth RM1.757 billion against 1.780 billion shares worth RM2.235 billion on last Friday. ...Read more>>

FBM KLCI - likely to consolidate

Stocks on Bursa Malaysia closed on a mixed note last Friday on lack of buying momentum ahead of the weekend. However, the benchmark FBM KLCI closed 0.7 point or 0.04% higher at 1,721.07 after moving between 1,721.07 and 1,729.86 throughout the day. On a weekly basis, the FBM KLCI fell 67.17 points from previous Friday's 1,788.24.  Losers led gainers by 391 to 386, with 283 counters unchanged. Turnover stood at 1.780 billion shares worth RM2.235 billion against 2.434 billion shares worth RM3.442 billion on Thursday. Weekly turnover rose to 11.571 billion shares valued at RM14.206 billion from previous week's 10.335 billion shares valued at RM8.972 billion. ...Read more>>

FBM KLCI - lower eith buying support seen

Stocks on Bursa Malaysia closed lower across the board yesterday in line with the weak sentiment in regional markets. Asian markets were mostly lower with Japan's Nikkei 225 declining 0.44 per cent to 13,365.17 and Singapore's Straits Times Index fell 0.47 per cent to 3,094.35. Hong Kong's Hang Seng Index went up 0.36 per cent to 21,895.40. The FBM KLCI lost 24.48 points or 1.40% to 1,720.37 after moving between 1,710.17 and 1,729.46 throughout the day. Losers beat gainers by 904 to 76, with 184 counters unchanged. Turnover stood at 2.434 billion shares, worth RM3.442 billion, against 1.581 billion shares worth RM2.337 billion, transacted on Wednesday. ...Read more>>

FBM KLCI - trend remained down

Stocks on Bursa Malaysia closed mixed yesterday in cautious trading in the face of the release of Malaysia's second quarter economic data and the minutes of the US Federal Reserve's July policy meeting. The FBM KLCI closed down 0.57 point or 0.03% to 1,744.85 after moving between 1,740.61 and 1,749.16 throughout the trading session. Gainers led losers by 380 to 368, with 332 counters unchanged. Turnover stood at 1.581 billion shares worth RM2.337 billion against the 2.616 billion shares worth RM3.748 billion on Tuesday. ...Read more>>

FBM KLCI - continuation of the downtrend

Stocks on Bursa Malaysia ended yesterday lower on persistent selling, led by index-linked counters, as foreign funds reduced their holdings in the Asian market in anticipation of the monetary stimulus tapering by the US Federal Reserve next month. The FBM KLCI fell 32.94 points or 1.85% to close at 1,745.42 after fluctuating between 1,737.58 and 1,774.47 throughout the trading session. Market breadth was negative with 964 losers and 75 gainers, while 160 counters were unchanged. Turnover stood at 2.616 billion shares worth RM3.748 billion against the 3.158 billion shares worth RM2.441 billion on Monday. ...Read more>>

FBM KLCI - short term trend is down

Stocks on Bursa Malaysia closed lower yesterday on weak buying momentum amid external volatility on anticipation of the US' Federal Reserve's  July meeting minutes which is scheduled to be announced this Wednesday. The FBM KLCI eased by 9.88 points or 0.55% to close at 1,778.36 opening 13.74 points lower and moved between 1,788.43 and 1,771.65. Market breadth was negative with 515 losers and 339 gainers, while 278 counters were unchanged. Turnover rose to 3.158 billion shares worth RM2.441 billion versus last Friday's 2.131 billion shares worth RM1.617 billion. ...Read more>>

FBM KLCI - likely to consolidate

Stocks on Bursa Malaysia closed lower last Friday as investors trimmed their positions ahead of the weekend amid bearish external sentiment. The local market performance was in line with the weakening global equity market on expectation of an early move by the US Federal Reserve to slow its support in the world's largest economy, and renewed concerns came after the release of data that showed a strengthening labour market and higher inflation. The FBM KLCI fell 3.97 points or 0.22% to close at 1,788.24 after moving between 1,786.76 and 1,791.26 throughout the day, while on a weekly basis, the key index gained 8.92 points from previous Wednesday's close of 1,779.32. Losers led gainers by 422 to 379 with 303 counters unchanged. Total turnover fell to 2.13 billion shares worth RM1.61 billion from Thursday's 2.41 billion shares worth RM2.07 billion. Weekly turnover almost tripled to 10.33 billion shares valued at RM8.97 billion from previous week's 3.85 billion shares valued at RM4.25 billion. ...Read more>>

FBM KLCI - lower on continued profit-taking

Stocks on Bursa Malaysia closed mixed yesterday with the FBM KLCI closed marginally lower on mild selling activities amid weaker external sentiment. The market was volatile throughout the day, moving sideways below the 1,800 level, amid bearish regional bourses on concerns over the global economic outlook. Asian stocks fell on uncertainty over when the United States Federal Reserve would start to scale back its monetary stimulus programme which had spurred growth in Asian economies, especially emerging countries. The FBM KLCI ended 1.52 points or 0.08% lower at 1,792.21 after moving between 1,791.23 and 1,797.17 throughout the day. Gainers led losers by 418 to 381 with 320 counters unchanged. Total turnover increased to 2.41 billion shares, worth RM2.07 billion, from Wednesday's 2.2 billion shares, valued at RM1.7 billion. ...Read more>>

FBM KLCI - lower on heavy profit-taking

Stocks on Bursa Malaysia closed mixed yesterday with the benchmark FBM KLCI retreated from opening session gains to close in red territory amid global economic outlook concerns. Global economic outlook concerns were renewed after a series of positive economic data in the US, added to investor expectations, that the Federal Reserve would start scaling back its monetary stimulus this year. The local market pared earlier gains and fell as worries about the tapering of the stimulus programme weighed on broader Asia, especially emerging markets, which had been its major benefactor. At close, the FBM KLCI fell 1.36 points or 0.08% to 1,793.73 after opening 4.86 points higher at 1,799.95 and moved between 1,791.46 and 1,801.26 throughout the day. Gainers outpaced losers 447 to 348 with 306 counters unchanged. Total turnover firmed to 2.2 billion shares worth RM1.7 billion from 1.99 billion shares worth RM1.86 billion on Tuesday. ...Read more>>

FBM KLCI - trend reversed up

Stocks on Bursa Malaysia closed broadly higher yesterday with the FBM KLCI closed at a two-week high, as market players sought large caps with better values in a reporting season. On regional markets, Asian stocks posted solid gains led by Japan's Nikkei stock index on hopes for more monetary stimulus by the Japanese Government that would pull markets up elsewhere. The FBM KLCI rose 10.52 points or 0.59% to 1,795.09 after moving between 1,784.46 and 1,796.29 throughout the day. Gainers more than doubled losers by 555 to 241, with 289 counters unchanged. Total turnover firmed to 1.99 billion shares worth RM1.86 billion from 1.59 billion shares worth RM1.7 billion on Monday. ...Read more>>

FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia closed higher yesterday, lifted by interests in the oil and gas counters, especially Petronas-linked companies. The market also took the cue from the better performances of regional bourses after the release last week of upbeat data from China which showed banks extended US$114 billion in new loans for July, beating the US$103.4 billion economists forecast. The FBM KLCI rose 5.25 points to end at 1,784.57 after moving between 1,777.87 and 1,786.2 throughout the day. Gainers led losers by 494 to 309, with 279 counters unchanged. Total turnover firmed to 1.59 billion shares worth RM1.7 billion from 981.02 million shares worth RM1.04 billion last Wednesday. ...Read more>>

FBM KLCI - likely to consolidate with a downward bias

Stocks on Bursa Malaysia closed lower last Wednesday on the lack of buying momentum ahead of an extended Hari Raya Aidilfitri holiday, dampened by weak regional tone as two more United States Federal Reserve (Fed) officials hinted on potential for reduction in stimulus this year, sparked by stronger-than-expected US economic data. Bursa Malaysia was closed for the Wednesday afternoon session through last Friday. The FBM KLCI fell 5.32 points or 0.3% to end at 1,779.32 after moving between 1,776.99 and 1,784.76 throughout the trading session. On a Friday-to-Wednesday basis, the key index lost 3.19 points from previous Friday's 1,782.51. Market breadth was positive with gainers led losers by 344 to 269, and 309 counters were unchanged. Total half day volume eased to 981.03 million shares worth RM1.05 billion from the 1.28 billion shares valued at RM1.64 billion on Tuesday. Average daily traded volume and value decreased to 1.28 billion shares and RM1.42 billion, compared with 1.59 billion shares and RM2.17 billion the previous week. ... Read more>>

FBM KLCI - rebounded to close marginally lower

Stocks on Bursa Malaysia closed marginally lower yesterday in the absence of interest in the holiday-shortened week. The FBM KLCI edged lower by 0.5 of a point or -0.03% to end at 1,784.64 after moving between 1,779.47 and 1,784.64 throughout the day. Gainers led losers by 410 to 340, with 295 counters unchanged. Total turnover eased to 1.279 billion shares worth RM1.64 billion from 1.589 billion shares worth RM1.56 billion on Monday. ...Read more>>

FBM KLCI - higher on continued rebound

Stocks on Bursa Malaysia extended gains towards the closing bell on continued buying interest ahead of the Hari Raya holidays. The FBM KLCI rose 2.63 points or 0.15% to end at 1,785.14 after moving between 1,781.61 and 1,788.93 throughout the day. Gainers led losers by 402 to 346, with 268 counters unchanged. Market volume jumped to 1.589 billion shares worth RM1.565 billion from 1.229 billion shares valued at RM1.844 billion Friday. ...Read more>>

FBM KLCI - likely to stay range-bound

Stocks on Bursa Malaysia ended higher last Friday on mild bargain hunting interest ahead of the weekend break. The FBM KLCI rose 4.69 points or 0.26% to end at 1,782.51 after moving between 1,777.84 and 1,787.83 throughout the day. However, on a weekly basis, the FBM KLCI ended 25.10 points lower against previous Friday's 1,807.61 points. Market breadth was positive with gainers led losers by 400 to 315, and 321 were unchanged. Market volume fell to 1.229 billion shares valued at RM1.844 billion from 1.458 billion shares valued at RM2.129 billion on Thursday. Weekly turnover increased to 7.958 billion shares valued at RM10.87 billion from previous week's 6.832 billion shares worth RM9.501 billion. ...Read more>>

FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia ended firmer yesterday in line with most regional bourses, driven by bargain hunting on beaten down stocks in selected heavyweights following a substantial decline the day before. A string of positive news helped uplift the FBM KLCI after trading in the red since Monday. Prime Minister Datuk Seri Najib Tun Razak said the government is looking at various policy options to strengthen the country’s fiscal and macro position. This came after Fitch Ratings revised Malaysia’s sovereign credit rating outlook from stable to negative while affirming the country’s long-term foreign and local currency at ‘A-‘ and ‘A’ respectively. The FBM KLCI finished 5.20 points or 0.29% higher at 1,777.82 after hovering between 1,782.72 and 1,766.70 throughout the day. Gainers thumped losers 537 to 233 with 290 counters unchanged. Total volume declined to 1.458 billion shares valued at RM2.129 billion, from 1.918 billion shares valued at RM3.056 billion on Wednesday. ...Read more>>

FBM KLCI - beginning of a bearish downtrend

Stocks on Bursa Malaysia closed lower yesterday as jittery investors continued to reduce their holdings, especially in heavyweights after Fitch Ratings revised its outlook for Malaysian public debt  to “negative” from “stable”. The global rating agency made the call as the country’s debt increased to 53.3% of gross domestic product (GDP) last year. The FBM KLCI dropped 22.46 points or 1.25% to end at 1,772.62 after moving between 1,770.44 and 1,791.71 throughout the day. Market breadth was negative with losers led gainers by 753 to 131, while 243 were unchanged. Volume fell to 1.918 billion shares valued at RM3.056 billion from 2.145 billion shares valued at RM2.072 billion on Tuesday. ...Read more>>