FBM KLCI - signs of turning bullish

Stocks on Bursa Malaysia closed mixed yesterday while the benchmark index ended 0.5 percent higher, lifted by gains in selected heavyweights. The FBMKLCI gained 9.14 points or 0.51% to 1,807.60 after hovering between 1,799.88 and 1,807.60 during the trading session. Losers led gainers by 380 to 340 with 333 unchanged. Total turnover declined to 1.28 billion shares worth RM1.35 billion from 1.49 billion shares valued at RM2.03 billion on Wednesday. ...Read more>>

FBM KLCI - marginally higher amid consolidation

Stocks on Bursa Malaysia ended in positive territory yesterday, lifted by gains in selected blue chips. The FBMKLCI gained 0.33 point or 0.02% to 1,798.46 after hovering between 1,792.21 and 1,799.82 throughout the day. Losers led gainers by 471 to 300, with 307 counters unchanged. Total turnover declined to 1.49 billion shares valued at RM2.03 billion from the 2.12 billion shares worth RM2.67 billion on Tuesday. ...Read more>>

FBM KLCI - remained in consolidation mode

Stocks on Bursa Malaysia, which got off to a cautious start, inched slightly higher at close yesterday, reflecting the lacklustre market sentiments. The FBMKLCI ended 0.16 point or 0.01% higher at 1,798.13 after hovering between 1,796.25 and 1,802.78 during the entire trading session. Losers led gainers by 467 to 347, with 314 counters unchanged. Total turnover rose to 2.12 billion shares worth RM2.67 billion from 1.74 billion shares worth RM1.88 billion on Monday. ...Read more>>

FBM KLCI - higher in line with regional marts

Stocks on Bursa Malaysia closed higher yesterday in line with most Asian bourses following Wall Street's record finish last Friday. The positive sentiment was also prompted by Moody's upgrade of the outlook of the Malaysian government debt from stable to positive. The FBMKLCI ended 3.45 points or 0.19% higher at 1,797.97 after moving between 1,795.71 and 1,806.13. Gainers led losers by 449 to 342 with 303 counters unchanged. Turnover rose to 1.74 billion shares worth RM1.88 billion from last Friday's 1.5 billion shares worth RM1.69 billion. ...Read more>>

FBM KLCI - likely to move sideways range-bound

Stocks on Bursa Malaysia recovered after two days of poor performance to close mixed last Friday following the positive gains on Wall Street. Key indices on Wall Street were up between 0.7 percent and 1.2 percent, driven primarily by better job market report. The Dow Jones Industrial Average closed above 16,000 for the first time to reach a new record high. The FBMKLCI ended 0.13 of a point or 0.01% lower at 1,794.52 from Thursday's 1,794.65, after hovering between 1,791.31 and 1,795.75 throughout the day. On a weekly basis, the FBM KLCI ended 4.65 points higher from 1,789.87. Gainers led losers by 416 to 324, while 335 counters were unchanged. Total turnover fell to 1.5 billion shares worth RM1.69 billion from 2.32 billion shares valued at RM2.11 billion on Thursday. Weekly total turnover declined to 8.94 billion shares valued at RM10.58 billion from previous week's 9.872 billion shares worth RM9.515 billion. ...Read more>>

FBM KLCI - lower on continued profit-taking

Stocks on Bursa Malaysia ended lower yesterday for second consecutive day on selling pressure in line with regional market performance amid concerns on US quantitative easing measures and weaker growth in China's manufacturing sector. The FBMKLCI fell 4.04 points or 0.22% to 1,794.65 after hovering between 1,790.94 and 1,797.89 throughout the day. Losers led gainers 519 to 258, with 313 counters unchanged. Total turnover fell to 2.32 billion shares valued at RM2.11 billion from 1.8 billion shares worth RM2.31 billion yesterday. ...Read more>>

FBM KLCI - pullback on profit-taking

Stocks on Bursa Malaysia closed in the red across the board yesterday as investors locked in profits after the benchmark index hit the 1,800-point level. The FBM KLCI fell 8.47 points or 0.47% to close at 1,798.69 after moving between 1,795.1 and 1,814.73 throughout the day. Losers led gainers by 562 to 246 with 327 counters unchanged. Total turnover declined to 1.79 billion shares worth RM2.31 billion from Tuesday's 1.82 billion shares valued at RM2.59 billion. ...Read more>>

FBM KLCI - short term trend reversed up

Stocks on Bursa Malaysia closed higher yesterday with selected large-cap stocks led by plantation counters, posting good gains. The FBMKLCI gained 14.77 points or 0.82% to close at 1,807.16, after opening 2.07 points higher at 1,794.46. The index hovered between 1,794.39 and 1,813.51 during the entire trading session. Gainers led losers by 412 to 386 with 335 counters unchanged. Total turnover rose to 1.82 billion shares valued at RM2.59 billion from the 1.51 billion shares worth RM1.88 billion on Monday. ...Read more>>

FBM KLCI - higher in mixed market

Stocks on Bursa Malaysia closed mixed yesterday in active trading on mild profit-taking in high volume stocks, as players were locking in profit due to a lack of strong catalyst in the near term. The FBMKLCI closed 2.52 points or 0.14% higher at 1,792.39 after hovering between 1,789.39 and 1,795.14 during the entire trading session. Losers led gainers by 438 to 350, with 324 counters unchanged. Total turnover rose to 1.51 billion shares worth RM1.88 billion from 1.49 billion shares valued at RM1.58 billion on Friday. ...Read more>>

FBM KLCI - likely to stay in consolidation

Stocks on Bursa Malaysia closed last week on a firm note last Friday, bolstered by gains in selected heavyweights. Market sentiment stayed positive in relation to the dovish remarks on Thursday by US Federal Reserve incoming chairperson, Janet Yellen, on the United States economy. The FBMKLCI ended last Friday 5.67 points or 0.32% higher at 1,789.87, after hovering between 1,784.20 and 1,790.78 throughout the day. However, on a weekly basis, the benchmark index  lost 14.61 point, or 0.81 percent. Advancers overwhelmed decliners by 424 to 364 with 333 counters unchanged. Total turnover stood at 1.49 billion shares worth RM1.58 billion against 1.541 billion shares worth RM1.789 billion on Thursday. Weekly turnover stood at 9.872 billion shares valued at RM9.516 billion, compared with 7.721 billion units worth RM7.353bil changed hands during the four-day holiday-shortened previous week. ...Read more>>

FBM KLCI - rebounded to close marginally higher

Stocks on Bursa Malaysia rebounded yesterday to end on a firmer note after two consecutive days of losses. The rebound was in tandem with regional markets, also bolstered by a favorable comment by US Federal Reserve chairman nominee Janet Yellen. The FBMKLCI ended 1.71 points or 0.10% higher at 1,784.2, after hovering between 1,780.54 and 1,790.03 throughout the day. Advancers overwhelmed decliners by 503 to 281, with 340 counters unchanged. Turnover fell to 1.541 billion shares worth RM1.789 billion against Wednesday's 2.245 billion shares worth RM2.218 billion. ...Read more>>

FBM KLCI - in bearish mode

Stocks on Bursa Malaysia ended lower yesterday with losses seen in selected heavyweights and blue chips, in line with regional equities after Wall Street ended in the red the previous night as there were renewed concerns that the US Federal Reserve might taper its monetary stimulus program sooner than expected. The FBM KLCI ended 12.31 points or 0.69% lower at 1,782.49, after hovering between 1,781.66 and 1,796.19 throughout the day. Decliners overwhelmed advancers 654 to 196 with 270 counters unchanged. Turnover stood at 2.245 billion shares worth RM2.218 billion compared with 2.403 billion shares worth RM2.087 recorded on Tuesday. ...Read more>>

FBM KLCI - turned bearish for the short term

Stocks  on Bursa Malaysia ended lower yesterday, bogged down by losses in selected heavyweights and blue-chips as renewed concerns over the uncertainties surrounding the US Federal Reserve's stimulus tapering timeline weighed heavily on sentiment. The FBM KLCI ended 9.41 points or 0.52% lower at 1,794.8, after hovering between 1,788.36 and 1,805.33 throughout the day. Decliners overwhelmed advancers by 528 to 300, with 784 counters unchanged. Total volume stood at 2.403 billion shares worth RM2.087 billion against Monday's 2.191 billion shares worth RM1.836 billion. ...Read more>>

FBM KLCI - in consolidation mode

Stocks on Bursa Malaysia closed mixed yesterday amid renewed concerns that the United States Federal Reserve (Fed) will scale back its stimulus package ahead of schedule. The FBMKLCI ended 0.27 point or 0.01% lower at 1,804.21, after hovering between 1,802.77 and 1,806.23 throughout the day. Gainers led losers by 429 to 367 with 340 unchanged. Total volume stood at 2.191 billion shares worth RM1.836 billion compared with 1.924 billion shares worth RM1.902 billion on Friday. ...Read more>>

FBM KLCI - likely to stay range-bound

Stocks on Bursa Malaysia ended in negative territory last Friday on renewed worries that the US Federal Reserve would scale back its stimulus ahead of schedule, but the benchmark index managed to stay above the 1,800-point level. The FBMKLCI was 2.13 points or 0.12% lower at 1,804.48, after hovering between 1,800.95 and 1,807.23. On a weekly basis, the key index lost 5.93 points from previous week's 1,810.41. Gainers edged losers by 404 to 353, with 330 counters unchanged. Total volume stood at 1.924 billion shares worth RM1.902 billion against Thursday's 1.976 billion shares worth RM1.898 billion. Weekly total turnover fell to 7.72 billion shares worth RM7.35 billion from previous week's 8.97 billion shares worth RM9.35 billion. ...Read more>>

FBM KLCI - rebounded to close higher

Stocks on Bursa Malaysia closed in positive territory yesterday, as overnight gains in US stocks breathed life into the local bourse. Strong buying interest was seen in the local market yesterday, despite the fall in most Asian stocks, following reports that the US Federal Reserve would continue its stimulus efforts given the weak economic climate. The FBM KLCI ended at 1,806.61, up 3.56 points or 0.20% after hitting an intra-day low of 1,798.46. Gainers edged losers by 417 to 362, with 328 counters unchanged. Total volume stood at 1.976 billion shares worth RM1.898 billion against 2.121 billion shares worth RM2.127 billion on Wednesday. ...Read more>>

FBM KLCI - lower on continued selling pressure

Stocks  on Bursa Malaysia closed lower yesterday, tracking other Asian bourses, as investors turned cautious ahead of some key US economic figures to be released later this week. The FBM KLCI was down 4.42 points or 0.24% to 1,803.05, after moving between 1,800.63 and 1,813.61 throughout the day. Losers edged gainers by 494 to 339, with 281 counters unchanged. Total volume stood at 2.121 billion shares worth RM2.127 billion from Monday's 1.698 billion shares worth RM1.424 billion. ...Read more>>

FBM KLCI - likely to consolidate

Stocks on Bursa Malaysia closed lower on Monday in line with regional markets, on profit taking ahead of the Awal Muharram public holiday yesterday and concerns over external economic uncertainties, as investors were cautious as the US Federal Reserve may reduce its bond-buying program earlier than March 2014 as previously anticipated. The FBM KLCI was down 2.94 points or 0.16% to 1,807.47, after moving between 1,806.93 and 1,813.83 throughout the day. Gainers edged losers by 408 to 370, with 315 counters unchanged. Total volume stood at 1.698 billion shares worth RM1.424 billion against last Friday's 1.815 billion shares worth RM2.097 billion. ...Read more>>

FBM KLCI - consolidation likely to continue

Stocks on Bursa Malaysia ended last Friday broadly higher amid mixed Asian markets, as investors bargain-hunt on Friday which lifted the benchmark index off the 1,800 level due to spillover effect from the strong initial public offer (IPO) debut of UMW Oil & Gas Berhad (UMWOG), which offset concerns that the United States Federal Reserve (Fed) may trim stimulus sooner-than-expected. The FBMKLCI rose 3.56 points or 0.20% to 1,810.41 after moving between 1,801.69 and 1,811.15. On a weekly basis, the key index fell 7.16 points from previous week's 1,817.57. Gainers led losers by 420 to 360 with 308 counters unchanged. Total volume fell to 1.815 billion shares worth RM2.097 billion from the 1.89 billion shares worth RM2.19 billion on Thursday. Weekly total turnover rose to 8.97 billion shares worth RM9.35 billion from 8.59 billion shares worth RM8.4 billion the previous week. ...Read more>>

FBM KLCI - beginning of a short term correction

Stocks on Bursa Malaysia ended lower yesterday as investors cut risk exposure on heavyweights after the US Federal Reserve’s policy outlook was seen as less dovish than expected. The market was dominated by profit taking with investors bearish on the latest decision by the Fed to maintain its quantitative easing policy, while awaiting more evidence that the US economic progress would be sustained before starting any tapering process. The FBMKLCI was down 10.53 points or 0.58% at 1806.85, after moving between 1,804.56 and 1,815.15 throughout the day. Losers led gainers by 457 to 327, with 440 counters unchanged. Total volume rose to 1.89 billion shares worth RM2.19 billion from the 1.70 billion shares worth RM1.80 billion on Wednesday.  ...Read more>>