FBM KLCI - higher on continued technical rebound

Stocks on Bursa Malaysia ended yesterday higher, driven by across-the-board buying interest and in line with a regional rally. Most Asian stock markets rose yesterday as concerns over emerging economies were subdued by the Turkish central bank's aggressive interest rate hike to stabilize its currency, following in the footsteps of India. The FBMKLCI, which was traded between 1,780.21 points and 1,794.13 points, finished 7.98 points or 0.45% better at 1,789.23 points. Market breadth was positive with gainers outpaced losers by 494 to 222, while 297 counters were unchanged. Volume was higher at 1.403 billion shares worth RM1.741 billion, from Tuesday’s 1.362 billion shares worth RM1.863 billion. ...Read more>>

FBM KLCI - rebounded to close higher

Stocks on Bursa Malaysia, which remained in positive territory yesterday, ended the day higher on continued buying interest in heavyweights. The local bourse staged a stronger performance yesterday, reversing its easier trend as investors turned bullish on the market's long-term outlook. The FBMKLCI finished 2.37 points or 0.13% better at 1,781.25 points after moving between 1,780.83 and 1,788.29 throughout the day. Market breadth was positive as gainers led losers by 352 to 330, while 321 counters were unchanged. Volume was lower at 1.362 billion shares worth RM1.863 billion from 1.717 billion shares worth RM2.743 billion on Monday. ...Read more>>

FBM KLCI - down on continued selling pressure

Stocks on Bursa Malaysia closed lower yesterday led by sustained losses in selected heavyweights. The bearish performance of Bursa Malaysia was in tandem with its regional peers. The FBMKLCI ended 23.69 points or 1.31% lower at 1,778.88 after opening 8.41 points lower at 1,794.16, and touched an intra-day low of 1,777.62. Market breadth was negative with losers led gainers by 793 to 116, while 213 counters were unchanged. Turnover was higher at 1.717 billion shares worth RM2.743 billion from 1.586 billion shares worth RM2.097 billion traded on Friday. ...Read more>>

FBM KLCI - likely to further correct

Stocks on Bursa Malaysia closed lower last Friday, weighed down by selected heavyweights and index-linked counters, ahead of the holiday season this week. The market's bearish performance was also in tandem with its regional peers following the slowing down of manufacturing activities in China and the possibility of the US Federal Reserve reducing its stimulus program. The FBMKLCI ended 5.74 points or 0.32% lower at 1,802.57 after touching an intra-day low of 1,798.57. On a weekly basis, the benchmark index fell 10.44 points or 0.57% from previous Friday’s 1,826.61. Market breadth was negative as losers thrashed gainers by 452 to 294, while 329 counters were unchanged. Volume was slightly higher at 1.586 billion shares, worth RM2.097 billion, from 1.520 billion shares, worth RM2.023 billion, traded on Thursday. Weekly turnover rose to 8.096 billion shares worth RM9.838 billion from the 6.13 billion shares valued at RM6.62 billion recorded the previous week. ...Read more>>

FBM KLCI - lower in tandem with regional performance

Stocks on Bursa Malaysia ended lower yesterday, prompted by selling pressure in selected heavyweights and penny stocks. The bearish performance of the local market was also in tandem with its regional peers following a slowdown in manufacturing activities in China for the first time in six months. The FBMKLCI finished 5.79 points or 0.32% lower at 1,808.31 after hovering between 1,806.73 and 1,816.06 throughout the day. Market breadth was negative with losers outnumbered gainers by 544 to 228, while 316 counters were unchanged. Volume fell to 1.520 billion shares worth RM2.023 billion from 1.839 billion shares valued at RM2.135 billion on Wednesday. ...Read more>>

FBM KLCI - temporary bottom formation

Stocks on Bursa Malaysia ended lower yesterday, weighed down by selling in selected heavyweights and index-linked counters. The FBMKLCI finished 1.24 points or 0.07% lower at 1,814.1 after hovering between 1,803.43 and 1,816.57 throughout the day. Market breadth was negative as losers thumped gainers by 464 to 325, while 310 counters were unchanged. Volume rose to 1.839 billion shares valued at RM2.135 billion from Tuesday’s 1.591 billion shares worth RM1.849 billion. ...Read more>>

FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia ended higher yesterday, lifted by persistent buying momentum in heavyweight blue-chips and penny stocks. The bullish performance of Bursa Malaysia was also in line with its regional peers. The FBMKLCI ended 7.75 points or 0.43% higher at 1,815.34 after opening 0.14 point lower at 1,807.45 and moved between 1,806.25 and 1,816.94 throughout the day. Market breadth was positive with gainers thumped losers by 419 to 357, while 314 counters were unchanged. Volume rose to 1.591 billion shares valued at RM1.849 billion from 1.557 billion shares valued at RM1.732 billion on Monday. ...Read more>>

FBM KLCI - lower on continued selling pressure

Stocks on Bursa Malaysia ended lower yesterday on lack of buying momentum, as the ringgit continued to fall amid concerns over the economic outlook of China this year and the tapering of the US Quantitative Easing. The FBMKLCI fell 5.42 points, or 0.30% to close at 1,807.59 after opening 4.76 points lower at 1,808.25, and hovered between 1,801.31 and 1,809.80. Losers thumped gainers by 541 to 278, while 305 counters were unchanged. Volume fell to 1.557 billion shares valued at RM1.732 billion from last Thursday’s 1.711 billion shares worth RM2.184 billion. ...Read more>>

FBM KLCI - further consolidation expected

Stocks on Bursa Malaysia ended the holiday-shortened week easier, in tandem with the weakening ringgit on further foreign liquidation. The FBMKLCI fell 11.02 points, or 0.6%, to close at 1,813.01 on last Thursday, after opening at 1,824.60 and moved between 1,811.18 and 1,831.33 throughout the day. On a weekly basis, the FBMKLCI declined 13.6 points or 0.74% from 1,826.61 on previous Friday. Losers outnumbered gainers by 571 to 245, while 306 counters were unchanged. Volume eased to 1.711 billion shares valued at RM2.184 billion from 2.36 billion shares worth RM2.703 billion on Wednesday. Weekly turnover declined to 6.139 billion shares worth RM6.627 billion from the 9.14 billion shares valued at RM9.66 billion, recorded the previous week. ...Read more>>

FBM KLCI - lower on heavy profit-taking

Stocks on Bursa Malaysia ended easier yesterday following profit-taking on finance and index-linked counters. The FBMKLCI finished 10.94 points or 0.60% lower at 1,824.03 after opening at 1,834.74 and hovered between 1,818.99 and 1,836.47 throughout the day. Market breadth was negative with losers outnumbering gainers by 556 to 284, while 301 counters were unchanged. Volume rose to 2.36 billion shares valued at RM2.703 billion from 2.067 billion shares worth RM 1.738 billion on Monday. ...Read more>>

FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia ended higher on Monday, led by gains in PETRONAS counters. The FBMKLCI finished 8.36 points or 0.46% higher at 1,834.97 after opening at 1,825.42, and hovered between 1,823.16 and 1,837.35 throughout the day. Market breadth was negative with losers outnumbered gainers by 435 to 408, while 293 counters were unchanged. Volume rose to 2.067 billion shares valued at RM 1.738 billion from last Friday’s 1.91 billion shares valued at RM2.07 billion. ...Read more>>

FBM KLCI - likely to remain in consolidation

Stocks on Bursa Malaysia ended mixed last Friday, as support from selective buying on the overall market were negated by sustained selling pressures in blue-chips. The FBMKLCI finished 1.6 points or 0.09% easier at 1,826.61 after fluctuating between 1,822.25 and 1,827.95 throughout the day. On a weekly basis, the FBM KLCI declined 3.44 points or 0.19% from 1,834.74 on previous Friday. Gainers outnumbered losers by 406 to 378, while 324 counters were unchanged. Volume rose to 1.91 billion shares, valued at RM2.07 billion, from Thursday’s 1.85 billion shares worth RM1.95 billion, and weekly total turnover surged to 9.14 billion shares, worth RM9.66 billion from previous week’s 5.34 billion shares, valued at RM5.91 billion. ...Read more>>

FBM KLCI - lower on profit-taking

Stocks on Bursa Malaysia closed lower yesterday on profit taking amid weak sentiment regionally following losses on Wall Street overnight. The FBMKLCI fell 3.09 points or 0.17% to 1,828.21 after opening 0.5 of a point lower at 1,831.8, and fluctuated 1,826.53 and 1,833.10 throughout the day. Market breadth was negative with loser outnumbered gainer by 427 to 392 while 319 counters were unchanged. Volume rose to 1.85 billion shares worth RM1.95 billion from Wednesday’s 1.67 billion shares valued at RM1.92 billion. ...Read more>>

FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia rebounded yesterday after the benchmark index losing 47 points in five consecutive days as investors took the cue from the strong gains in the regional and US markets overnight. The benchmark FBMKLCI rose 6.19 points or 0.34% to 1,831.30 after opening 1.84 points higher at 1,826.95 and fluctuated between 1,825.9 and 1,838.39 throughout the day. Gainers led losers by 488 to 338, with 309 counters unchanged. Volume declined to 1.67 billion shares valued at RM1.92 billion, from 1.74 billion shares worth RM1.88 billion on Tuesday. ...Read more>>

FBM KLCI - lower on continued selling pressure

Stocks on Bursa Malaysia closed mixed yesterday in line with regional markets following losses on Wall Street overnight. The FBMKLCI fell 4.07 points or 0.22% to 1,825.11 after opening 3.51 points higher at 1,832.69, and hovered between 1,822.99 and 1,832.69 throughout the day. However, market breadth was positive with gainers leading losers by 434 to 382, while 295 counters were unchanged. Volume declined to 1.74 billion shares valued at RM1.88 billion, from 1.96 billion shares worth RM1.84 billion on Monday. ... Read more>>

FBM KLCI - lower on continued weakness

Stocks on Bursa Malaysia closed mixed yesterday with market lifted by strong buying in second and third liner counters despite profit taking on blue-chips. Regionally, losses were seen across Asian markets on China’s weaker economic data, and concerns over the US government’s finances. The FBMKLCI declined 5.56 points or 0.30% to 1,829.18 after hovering between 1,829.13 and 1,836.74 throughout the day. However, market breadth was positive with advancers led decliners by 538 to 262, while 271 counters unchanged. Volume rose to 1.96 billion shares worth RM1.84 billion from 1.31 billion shares valued at RM1.62 billion on Friday. ...Read more>>

FBM KLCI - correction likely to extend

Stocks on Bursa Malaysia ended lower last Friday for the second consecutive day on heavy profit-taking activity in blue-chip counters, following the strong gains in December after the index posted multiple record highs. The fell of the local market was in line with most regional markets which were consolidating after rising to their highs in recent weeks on more positive global economic data. The FBMKLCI fell by 18.21 points or 0.98% to close at 1,834.74, the lowest point of the day, after opening 5.85 points lower at 1,847.1. On a weekly basis, the key index lost 26.32 points or 1.41% from previous Friday’s 1,861.06. Market breadth was negative as losers led gainers by 412 to 348, with 306 counters unchanged. Volume rose slightly to 1.31 billion shares valued at RM1.62 billion from 1.24 billion shares worth RM1.35 billion on Thursday. Weekly total turnover increased to 5.34 billion shares valued at RM5.91 billion from previous week’s 3.93 billion shares valued at RM3.78 billion. ...Read more>>

FBM KLCI - lower on profit-taking

Stocks on Bursa Malaysia ended lower yesterday on the first day of trading for 2014, weighed down by profit taking after recent gains. At close, the FBMKLCI fell by 14.01 points or 0.75% to settle at 1,852.95, after opening 1.23 points lower at 1,865.73 and fluctuated between 1,848.83 and 1,868.29 throughout the day. Losers thumped gainers by 406 to 347, with 302 counters unchanged. Volume declined to 1.24 billion shares worth RM1.35 billion from 1.49 billion shares valued at RM1.67 billion on Tuesday. ...Read more>>

FBM KLCI - positive outlook for 2014

Stocks on Bursa Malaysia closed mixed on the last trading day for 2013 with the benchmark FBMKLCI hitting a record intra-day high of 1,882.20 before pulling back to close 5.56 points or 0.30% lower at 1,866.95, amid a quiet market. The key index fluctuated between 1,862.52 and 1,882.2 during the trading day. Market breadth was positive as gainers led losers by 416 to 388, with 306 counters unchanged. Volume rose to 1.49 billion shares valued at RM1.67 billion from Monday’s 1.28 billion shares worth RM1.26 billion. ...Read more>>