FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia closed mixed yesterday, bolstered by finance-linked counters with Hong Leong Financial gaining 38 Sen to RM17.76, and bargain hunting also lifted the market, which has been on five straight weeks of correction. The FBMKLCI finished 5.84 points or 0.32% higher at 1,846.34, after opening better at 1,841.05 and hovered between 1,839.2 and 1,846.75 throughout the day. Market breadth was negative as losers outpaced gainers by 436 to 371, while 352 counters were unchanged. Total volume rose to 2.6 billion shares valued at RM1.88 billion from 2.49 billion shares worth RM1.79 billion last Friday. Read more >>

FBM KLCI - likely to stay range-bound with an upward bias

Stocks on Bursa Malaysia closed broadly lower last Friday on a bearish note as negative regional sentiment continued to weigh on the market. The FBMKLCI was down 2.61 points or 0.14% to close at its intra-day high of 1,840.5, after hitting an intra-day low of 1,829.24 points earlier in the day. Week-on-week, the key index fell by 8.99 points from 1,849.49 on previous Friday. Market breadth was negative with losers edging gainers by 475 to 322 while 327 counters remained unchanged. Total volume increased to 2.49 billion shares worth RM1.79 billion from 2.39 billion shares worth RM1.84 billion on Thursday. Weekly turnover increased to 12.53 billion shares valued at RM10.11 billion from previous week’s 8.84 billion shares valued at RM8.16 billion. Read more >>

FBM KLCI - rebounded to close higher

Stocks on Bursa Malaysia ended mixed yesterday, reflecting traders' indecision over the mixed economic data. However, the benchmark FBMKLCI finished 3.03 points or 0.16% higher at its intra-day high at 1,843.11, after opening at its intra-day low of 1,835.64 points. Market breadth was negative with losers edging gainers by 435 to 419 while 309 counters remained unchanged. Total volume decreased to 2.39 billion shares worth RM1.84 billion from 2.68 billion shares recorded on Wednesday. Read more >>

FBM KLCI - in consolidation mode

Stocks on Bursa Malaysia closed mixed yesterday with the benchmark FBMKLCI ended 0.11 point  or 0.01% easier on last-minute selling as investors took some profits off the table. At close, the key index stood at 1,840.08, after moving between 1,838.67 and 1,844.77 throughout the day. Market breadth, however, was positive with gainers edging losers by 427 to 371 while 336 counters were unchanged. Total volume increased to 2.68 billion shares worth RM2.19 billion from 2.35 billion shares worth RM2.23 billion recorded on Tuesday. Read more >>

FBM KLCI - bearish downtrend

Stocks on Bursa Malaysia finished yesterday in the red despite the regional bourses' bullish performances after positive data for China's factory activity. The benchmark FBMKLCI declined by 5.86 points or 0.32% to end at 1,840.19 points after moving between 1,832.54 points and 1,842.15 points throughout the day. Market breadth was negative with losers outpacing gainers by 527 to 284 while 330 counters were unchanged. Total volume fell to 2.35 billion shares worth RM2.23 billion from 2.59 billion shares worth RM1.84 billion on Monday. Read more >>

FBM KLCI - lower on profit-taking

Stocks on Bursa Malaysia closed lower yesterday in tandem with regional bourses with the benchmark FBMKLCI finished 3.44 points or 0.19% easier at 1,846.05 points after moving between 1,843.85 points and 1,851.91 points throughout the day. Market breadth was negative with losers outpacing gainers by 444 to 384 while 316 counters remained unchanged. Total volume fell to 2.59 billion shares worth RM1.84 billion from 2.6 billion shares worth RM2.26 billion on last Friday. Read more >>

FBM KLCI - likely to stage further rebound

Stocks on Bursa Malaysia pared its week loss last Friday sparked by optimism over Bank Negara Malaysia’s decision to keep interest rates unchanged and overnight strength on United States stocks to record highs on Fed’s commitment to sustain low interest rates for a longer period. The benchmark FBMKLCI closed 4.17 points or 0.23% better at 1,849.49 after moving between 1,843.35 and 1,853.68. Week-on-week, the key index lost 6.15 points from previous Friday’s 1,855.64. Gainers outpaced losers by 578 to 251 with 320 counters unchanged. Total volume rose to 2.60 billion shares worth RM2.26 billion from 2.06 billion shares worth RM2.30 billion on Thursday. Weekly turnover, for the holiday-shortened week, fell to 8.84 billion shares valued at RM8.16 billion from 11.85 billion shares valued at RM10.11 billion recorded the previous week. Read more >>

FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia closed mixed yesterday with the benchmark FBMKLCI staged a late rebound to close slightly higher as most traders stayed on the sidelines awaiting the outcome of Bank Negara Malaysia's Monetary Policy Committee meeting yesterday. The committee decided to maintain the Overnight Policy Rate at 3.25%. The FBMKLCI rose by 1.54 points or 0.08% to end at 1,845.32 after hitting an intra-day low 1,836.90. Losers outpaced gainers by 506 to 309, with 327 counters unchanged. Total volume shrank to 2.06 billion shares worth RM1.84 billion from 2.24 billion shares worth RM2.30 billion on Wednesday. Read more>>

FBM KLCI - sign of oversold

Stocks on Bursa Malaysia finished on an easier note yesterday in cautious trading as overall sentiment was cautious ahead of Bank Negara Malaysia's Monetary Policy Committee meeting today and that of the US Federal Open Market Committee meeting. The benchmark FBMKLCI fell 3.52 points or 0.19% to 1,843.78 after fluctuating between 1,841.05 and 1,845.74 throughout the day. Losers outpaced gainers by 520 to 299, with 316 counters unchanged. Total volume rose to 2.24 billion shares worth RM2.30 billion from 1.93 billion shares worth RM1.75 billion on Monday. Bursa Malaysia was closed for Malaysia Day holiday on Tuesday. Read more>>

FBM KLCI - lower on continued selling pressure

Stocks on Bursa Malaysia ended lower Monday with selling spree as predicted by analysts based on spiking geopolitical risk and China growth worries, was extended after Chinese factory and retails sales data released yesterday indicated the economy was slowing. The benchmark FBMKLCI closed 8.34 points or 0.45% easier at 1,847.30, dampened by losses in index-linked heavyweights. Losers outpaced gainers by 636 to 214, with 296 counters unchanged. Total volume contracted to 1.93 billion shares, worth RM1.75 billion, from 2.49 billion shares, worth RM2.23 billion, recorded on Friday. Read more>>

FBM KLCI - likely to further correct downward

Stocks on Bursa Malaysia ended lower last Friday with the benchmark FBMKLCI closing 10.47 points or 0.56% lower at 1,855.64, as investors took profit and were squaring positions for the weekend as renewed geopolitical fears may again pressure stocks this week. Week-on-week, the FBMKLCI dipped 12.82 points from 1,868.46 on previous Friday. Losers outpaced gainers by 435 to 389, with 341 counters unchanged. Total volume expanded to 2.49 billion shares worth RM2.23 billion from 2.04 billion shares worth RM1.92 billion on Thursday. Weekly turnover rose to 11.85 billion shares valued at RM10.11 billion, from 11.03.18 billion shares valued at RM8.65 billion on previous week. Read more>>

FBM KLCI - lower on heavy profit-taking

Stocks on Bursa Malaysia ended on an easier note yesterday depressed by the Industrial Production Index (IPI) for July 2014. The IPI grew by 0.5% in July 2014 compared with the same month last year, contributed by the growth in the manufacturing and electricity indices, but was below market expectation as it grew slower than June's output growth of seven percent. The FBMKLCI fell 4.74 points or 0.25% to close at 1,866.11, after rising to a session's high of 1,874.67 earlier in the day. Losers outpaced gainers by 430 to 412, with 326 counters unchanged. Total volume fell to 2.04 billion shares worth RM1.92 billion from 2.18 billion shares worth RM2.01 billion on Wednesday. Read more>>

FBM KLCI - in consolidation mode

Stocks on Bursa Malaysia endured another listless trading yesterday, as investors were awaiting clues on interest rate increases from the US Federal Reserve at its Federal Open Market Committee meeting in the third week of this month and Bank Negara Malaysia's Monetary Policy Committee meeting during the same time on another possible rate rise. The benchmark FBMKLCI closed 3.27 points or 0.17% lower at 1,870.85 after fluctuating between 1,868.36 and 1,873.79. Losers outpaced gainers by 424 to 399, with 325 counters unchanged. Total volume fell to 2.18 billion shares worth RM2.01 billion from 2.45 billion shares worth RM2.02 billion on Tuesday. Read more>>

FBM KLCI - sign of turning bullish

Stocks on Bursa Malaysia ended marginally higher yesterday with the benchmark FBMKLCI closing 3.03 points or 0.16% better at 1,874.12 on some mild buying of blue-chips like CIMB, DiGi and TENAGA but the overall market was mixed in the absence of strong leads. Market breadth was negative with losers outpacing gainers by 420 to 399, while 333 counters were unchanged Total volume contracted to 2.45 billion shares worth RM2.02 billion from 2.68 billion shares worth RM1.93 billion on Monday. Read more>>

FBM KLCI - rebounded to close higher

Stocks on Bursa Malaysia closed marginally higher yesterday with the benchmark FBMKLCI closed 2.63 points or 0.14% higher at 1,871.09, supported by buying in selected blue chips led by Tenaga Nasional. The key index, which moved in a tight range of 5.56 points, touched a low of 1,865.53 and ended at the day's high of 1,871.09. Market breadth was positive with gainers outnumbered losers by 474 to 353 while 325 counters were unchanged. Total volume contracted to 2.68 billion shares worth RM1.93 billion from 2.71 billion shares worth RM2.27 billion on last Friday. Read more >>

FBM KLCI - likely to further consolidate

Stocks on Bursa Malaysia closed mixed last Friday with the benchmark FBMKLCI finished marginally lower on lacklustre trading. The FBMKLCI eased 0.75 of a point to 1,868.46 after moving between 1,866.28 and 1,869.84 throughout the day. Week-on week, the key index gained 2.35 points from 1,866.11 on previous Friday. Market breadth, however, was positive with gainers outpacing losers by 506 to 304 while 334 counters remained unchanged. Total volume rose to 2.71 billion shares worth RM2.27 billion from 2.51 billion shares worth RM2.11 billion on Thursday. Weekly turnover fell to 11.03 billion shares valued at RM8.65 billion for the holiday-shortened week, from 15.18 billion shares valued at RM11.57 billion recorded the previous week. Read more>>

FBM KLCI - rebounded to close higher

Stocks on Bursa Malaysia closed mixed yesterday with the benchmark FBMKLCI finished higher, helped by buying interests in selected heavyweights. The FBMKLCI rose 4.34 points or 0.23% to 1,869.21 after moving between 1,860 and 1,869.21 throughout the day. Market breadth was negative with losers outpacing gainers by 430 to 390 while 352 counters were unchanged. Total volume rose to 2.51 billion shares worth RM2.11 billion from 2.99 billion shares worth RM2.104 billion on Wednesday. Read more>>

FBM KLCI - lower on heavy profit-taking

Stocks on Bursa Malaysia closed lower yesterday on lack of fresh leads and the recent disappointing second quarter corporate financial results. The benchmark FBMKLCI eased 2.82 points or 0.15% to 1,864.87 after moving between 1,853.48 and 1,872.45 throughout the day. Market breadth was negative with losers trouncing gainers by 455 to 386 while 324 counters were unchanged. Total volume rose to 2.99 billion shares worth RM2.104 billion from 2.802 billion shares worth RM2.157 billion on Tuesday. Read more>>

FBM KLCI - rebounded to close higher

Stocks on Bursa Malaysia closed broadly lower yesterday on lack of catalysts and buying momentum. At close, the benchmark FBMKLCI rose 1.58 points or 0.08% to 1,867.69 after moving between 1,860.67 and 1,868.82 throughout the day. Market breadth was negative with losers trouncing gainers by 526 to 339 while 297 counters remain unchanged. Total volume fell to 2.802 billion shares worth RM2.157 billion against 3.22 billion shares worth RM2.85 billion on last Friday. Read more>>

FBM KLCI - correction likely to continue

Stocks on Bursa Malaysia closed lower last Friday as equity market sentiment showed a short-term downturn as a confluence of negative news had impacted the market sentiment, including the weak crude palm oil prices, mostly disappointing corporate results for the quarter ended June 30, 2014, weakness in Europe and growing geopolitical risks from the Ukraine-Russia conflict. The FBMKLCI shed 9.57 points or 0.51% to 1,866.11, its lowest level of the day, after moving between 1,866.11 and 1,879.53 throughout the day. On a weekly basis, the key index fell 4.88 points from previous Friday’s 1,870.99. Losers outpaced gainers 660 to 251 while 262 counters remain unchanged. Total volume rose to 3.22 billion shares worth RM2.85 billion from 3.01 billion shares worth RM2.2 billion on Thursday. Weekly turnover fell to 15.18 billion shares, valued at RM11.57 billion, from 22.67 billion shares, worth RM13.40 billion, recorded the previous week. Read more>>