FBM KLCI - likely to stay range-bound with a downward bias

Stocks on Bursa Malaysia closed marginally higher last Friday, led by continued buying interest in heavyweights and penny stocks. The uptrend in Bursa Malaysia was also in tandem with most regional markets following positive US employment data. The benchmark FBM KLCI rose 2.00 points or 0.11% to settle at 1,776.16, after hovering 1,775.35 and 1,781.61 throughout the day. On a weekly basis, the FBM KLCI eased 25.67 points from previous Friday's 1,801.83. Gainers led losers by 401 to 356, with 305 counters unchanged. Turnover increased to 2.21 billion shares worth RM1.60 billion from Thursday's 2.14 billion shares worth RM1.87 billion. Weekly turnover rose to 10.636 billion shares valued at RM9.17 billion from previous week's 7.284 billion shares valued at RM8.41 billion. ...Read more>>

FBM KLCI - lower in line with regional weakness

Stocks on Bursa Malaysia closed lower yesterday due to the extended sell-off in heavyweights. Sentiment in most regional market were subdued as the latest round of US debt ceiling battle raged on in the US. Regionally, Japan's Nikkei 225 was higher by 1.22% to 14,799.12, Hong Kong's Hang Seng eased 0.36% to 23,125.03 and China's Shanghai Composite lost 1.94% to 2,155.81. The benchmark FBM KLCI fell 9.9 points or 0.55% to end at its intra-day low of 1,774.16. Losers led gainers by 404 to 327, with 297 counters unchanged. Turnover fell to 2.14 billion shares, worth RM1.87 billion, from 2.21 billion shares, worth RM2.05 billion, recorded on Wednesday. ...Read more>>

FBM KLCI - lower on continued weakness

Stocks on Bursa Malaysia closed lower yesterday in lack luster trading, weighed by losses in finance counters. The FBM KLCI shed 8.42 points or 0.47% to end at 1,784.06 after hovering between 1,783.15 and 1,791.18 throughout the day. Losers led gainers by 420 to 359, with 276 counters unchanged. Turnover rose to 2.21 billion shares worth RM2.05 billion from 1.92 billion shares worth RM1.85 billion on Tuesday. ...Read more>>

FBM KLCI - lower in line with regional

Stocks on Bursa Malaysia closed slightly lower on Tuesday, weighed down by losses in selected heavyweight counters in line with weak performance of most regional markets with Japan's Nikkei 225 inched down 0.07% to 14,732.61 and Hong Kong's Hang Seng Index was 0.82% lower at 23,179.04. The benchmark FBM KLCI shed 3.88 points or 0.22% to 1,792.48 after hovering between 1,785.41 and 1,792.48 throughout the day. Losers led gainers by 388 to 372, with 287 counters unchanged. Turnover rose to 1.92 billion shares worth RM1.85 billion from 2.13 billion shares worth RM1.78 billion on Monday. ...Read more>>

FBM KLCI - lower on mild profit-taking

Stocks on Bursa Malaysia closed lower yesterday on lack of buying momentum especially in selected heavyweight counters. The weak movement of the key index was also influenced by soft regional markets on fresh concerns over the US Federal Reserve's policy on its bond-buying program. The benchmark FBM KLCI shed 5.47 points or 0.3% to 1,796.36 after hovering between 1,793.28 and 1,800.3 throughout the day. Losers led gainers by 390 to 357, with 319 counters unchanged. Turnover eased to 2.13 billion shares worth RM1.78 billion from last Friday's 2.39 billion shares worth RM2.44 billion. ...Read more>>

FBM KLCI - in bullish mode

Stocks on Bursa Malaysia closed higher last Friday amid positive global sentiment following the US Federal Reserve's decision to leave the stimulus program intact. The FBM KLCI rose 8.92 points or 0.50% to 1,801.83 after hovering between 1,794.81 and 1,805.15 throughout the day. Week-on-week, the key index gained 31.03 points or 1.73% from previous Friday's 1,770.80. Gainers led losers by 445 to 350, with 284 counters unchanged. Turnover rose to 2.39 billion shares worth RM2.44 billion against Thursday's 1.94 billion shares, worth RM2.73 billion. ...Read more>>

About Hibiscus Petroleum, HIBISCS (5199)

Share prices of Hibiscus Petroleum and its warrant rose on Friday on talk of oil find by a company it has stake in. Hibiscus's share rose RM0.39 to RM2.02, while its warrant, Hibiscs-wa, rose RM0.33 to a limit up level of RM1.39. ...Read more>>

FBM KLCI - higher after Fed keeps stimulus

Stocks on Bursa Malaysia closed higher yesterday after the US Federal Reserve unexpectedly announced its decision not to scale back its stimulus program until the economy improves further. The market tracked regional sentiment as investors cheered the news which assured that fund flows into the emerging markets would continue in the short-term. The FBM KLCI jumped 21.51 points or 1.21% to 1,792.91 after hovering between 1,787.38 and 1793.94 throughout the day. Gainers thrashed losers by 701 to 162, with 247 counters unchanged. Turnover rose to 1.94 billion shares, worth RM2.73 billion, from Wednesday's 1.43 billion shares worth RM1.48 billion. ...Read more>>

FBM KLCI - in consolidation, likely to breakout

Stocks on Bursa Malaysia closed lower yesterday ahead of the much-anticipated US Federal Reserve policy meeting. The markets took a breather ahead of what was expected to be the first tentative step by the Federal Reserve as investors are cautiously anticipating the US central bank to cut its US$85 billion monthly asset buying. The FBM KLCI fell 3.54 points or 0.20% to 1,771.40 after hovering  between 1,769.69 and 1774.78. Gainers led losers by 405 to 312, with 320 counters unchanged. Turnover fell to 1.43 billion shares worth RM1.48 billion from Tuesday's 1.5 billion shares worth RM1.74 billion. ...Read more>>

FBM KLCI - in consolidation mode

Stocks on Bursa Malaysia closed higher yesterday propped up by mild buying in lower liners and small cap companies. The local bourse showed some resilience despite bearish regional market sentiment due to the negative outlook ahead of the US Federal Reserve Monetary Policy meeting on Wednesday, and most Southeast Asian bourses traded nearly flat to weaker as investors await the outcome of the two-day policy meeting on the prospect of monetary stimulus tapering. The FBM KLCI rose 4.14 points or 0.23% to 1,774.94 from last week's close of 1,770.80 after hovering between 1,769.12 and 1781.47. Gainers led losers by 443 to 308, with 291 counters unchanged. Turnover rose to 1.5 billion shares worth RM1.74 billion from last Friday's 1.23 billion shares worth RM1.38 billion. ...Read more>>

FBM KLCI - likely to consolidate

Stocks on Bursa Malaysia closed lower last Friday ahead of a long weekend, and as investors await the outcome of the US Federal Reserve meeting on monetary policy to be held this coming Tuesday and Wednesday. The benchmark FBM KLCI slipped 1.6 points or 0.09% to close at the day's high of 1,770.8 after hitting an intra-day low 1,764.13, amid improved market sentiments after undergoing four days of strong rally. On a weekly basis, the FBM KLCI gained 47 points from previous Friday's 1,723.80. Losers led gainers by 391 to 300, with 311 counters unchanged. Turnover declined to 1.233 billion units worth RM1.383 billion from Thursday's 1.458 billion shares worth RM1.753 billion, and weekly turnover rose to 7.77 billion shares worth RM9.367 billion versus previous week's 6.6 billion shares valued at RM7.62 billion. ...Read more>>

FBM KLCI - sign of top distribution

Stocks on Bursa Malaysia closed higher yesterday as investors across the region continue to increase their holdings on the back of improved market sentiments. Across the region, most of the Asian bourses were higher, with Hong Kong's Hang Seng gaining 16.58 points to 22,953.72, and Singapore's Straits Times rose 12.89 points to 3,121.08, while Japan's Nikkei 225 lost 37.80 points to 14,387.27. The FBM KLCI gained 3.92 points or 0.22% to close at 1,772.4, after opening 9.28 points higher at 1,777.76. The key index hovered between 1,779.40 and 1,769.75 throughout the day. Advancers thumped decliners by 417 to 292, with 326 counters unchanged. Turnover eased to 1.458 billion shares worth RM1.753 billion from Wednesday's 1.99 billion units worth RM2.227 billion. ...Read more>>

FBM KLCI - higher amid heavy profit-taking

Stocks on Bursa Malaysia closed firmer yesterday, as investors continue their buying support on the back of the country's better industrial production data, which was released earlier yesterday. The Statistics Department said Malaysia's Industrial Production Index (IPI) grew by 7.6 percent in July when compared with the same month a year ago, boosted by manufacturing, mining and electricity. The FBM KLCI rose 3.53 points or 0.20% to 1,768.48 after opening 4.75 points higher, and moved between 1,763.05 and 1,776.11. Gainers led losers by 402 to 384, with 289 counters unchanged. Turnover rose to 1.99 billion units worth RM2.227 billion from Tuesday's 1.811 billion shares worth RM2.402 billion. Read More>>

FBM KLCI - trend has turned up

Stocks on Bursa Malaysia closed firmer yesterday on foreign buying of heavyweights and blue-chips as investors took advantage of positive sentiment across Asia and globally following China's firm manufacturing data as well as decline in global oil prices. The FBM KLCI advanced 17.92 points, or 1.026%, to 1,764.95 after opening 6.11 points higher at 1,753.14, and moved between 1,753.14 and 1,774.14. Gainers thumped losers by 592 to 182, with 299 counters unchanged. Turnover improved to 1.811 billion shares worth RM2.402 billion versus 1.279 billion shares worth RM1.603 billion on Monday. ...Read more>>

FBM KLCI - short term trend turned up

Stocks on Bursa Malaysia closed broadly higher yesterday with the benchmark FBM KLCI staging one of the strongest rallies in recent weeks. The rise was in line with positive performance of other regional bourses as upbeat Chinese trade and inflation data lifted Chinese shares to three-month highs and boosted regional markets. The FBM KLCI rose 23.23 points or 1.35% to 1,747.03 after opening 2.47 points higher at 1,726.27 and moved between 1,726.27 and 1,747.03. Gainers beat losers by 568 to171, while 266 counters were unchanged. Turnover rose to 1.28 billion shares worth RM1.60 billion against last Friday's 1.10 billion shares worth RM1.45 billion. ...Read more>>

FBM KLCI - likely to stay sideways range-bound

Stocks on Bursa Malaysia ended last Friday on a positive note, supported by gains in selected blue-chips. The FBM KLCI gained 2.83 points or 0.16% to close at 1,723.8 after opening one point lower at 1,719.97 and moved between 1,719.83 and 1,726.28 throughout the day. However, on a weekly basis, the benchmark index lost 3.78 points from previous Friday's 1,727.58. Gainers led losers by 352 to 339, while 280 counters were unchanged. Turnover stood at 1.1 billion shares worth RM1.45 billion against 1.59 billion shares worth RM1.66 billion on Thursday, and weekly turnover declined to 6.6 billion shares valued at RM7.62 billion from previous week's 9.490 billion shares valued at RM12.550 billion. ...Read more>>

FBM KLCI - in consolidation mode

Stocks on Bursa Malaysia ended on a positive note yesterday on consistent buying support. On the regional market, the sentiments were mixed with Hong Kong's Hang Seng added 161.52 points to 22,597.97, Japan's Nikkei rose 75.43 points to 14,064.82 and Singapore's Straits Times Index increased 33.32 points to 3,039.94. The FBM KLCI gained 4.21 points or 0.25% to close at 1,720.97 after moving between 1,718.56 and 1,723.69 throughout the day. Gainers trounced losers by 462 to 212, with 330 counters unchanged. Turnover stood at 1.59 billion shares worth RM1.66 billion against Wednesday's 1.47 billion shares worth RM1.81 billion. ...Read more>>

FBM KLCI - lower on heavy profit-taking

Stocks on Bursa Malaysia closed broadly lower yesterday on profit-taking activities after previous day's gains. The FBM KLCI lost 7.45 points or 0.43% to close at 1,716.76 after opening 1.34 points better at 1,725.55, and moved between 1,702.57 and 1,725.55 throughout the day. Losers trounced gainers by 431 to 277, with 291 counters unchanged. Turnover stood at 1.47 billion shares worth RM1.81 billion against 1.36 billion shares worth RM1.51 billion on Tuesday. ...Read more>>

FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia closed higher yesterday, supported by consistent buying momentum in selected blue-chip counters. Sentiments were boosted by positive manufacturing reports around the world as well as the easing geopolitical tension in Syria. The FBM KLCI rose 6.65 points or 0.39% to close at 1,724.21,after opening 0.79 of a point better at 1,718.35 moved between 1,715.98 and 1,727.94 throughout the day. Gainers trounced losers by 436 to 274, with 299 counters unchanged. Turnover stood at 1.36 billion shares worth RM1.51 billion against 1.08 billion shares worth RM1.2 billion on Monday. ...Read more>>

FBM KLCI - likely to consolidate

Stocks on Bursa Malaysia closed broadly lower yesterday with losses in most heavyweights dragged down the FBM KLCI into the red. Elsewhere in the region, market breadth was healthy with Hong Kong's Hang Seng climbed 443.97 points to 22,175.34, Japan's Nikkei rose 184.06 points to 13,572.92 and Singapore's Straits Times Index went up 24.37 points to 3,053.31. The FBM KLCI declined 10.02 points or 0.58% to close at 1,717.56, with the key index moving between 1,714.95 and 1,723.77 throughout the day after opening 3.81 points weaker at 1,723.77. Losers trounced gainers by 523 to 231, with 242 counters unchanged. Turnover stood at 1.08 billion shares worth RM1.2 billion against 1.60 billion shares worth RM2.48 billion on Friday. ...Read more>>

FBM KLCI - likely to consolidate on still unsettled external issues

Stocks on Bursa Malaysia ended last Friday's trading on a high note, with gains mostly seen in finance, oil and gas and blue-chip stocks. The positive sentiment was bolstered by overnight gains on Wall Street which recovered further, coupled with easing geopolitical tension in Syria as well as improving US economic data. The FBM KLCI climbed 23.8 points, or 1.4%, to close at 1,727.58 after opening 4.53 points firmer at 1,708.31, and moved between 1,708.31 and 1,727.58. Week-on-week, the key index gained 6.51 points or 0.4% from previous Friday's 1,721.07. Gainers trounced losers by 492 to 299, with 282 counters unchanged. Turnover stood at 1.60 billion shares worth RM2.48 billion against Thursday's 1.852 billion shares worth RM2.260 billion. Weekly turnover amounted to 9.495 billion shares worth RM12.551 billion, versus previous week's 10.336 billion shares valued at RM8.973. ...Read more>>