FBM KLCI - lower on profit-taking correction

Stocks on Bursa Malaysia tumbled for the second consecutive day yesterday on persistent selling pressures amid weak regional markets and Wall Street. Regional markets followed overnight US markets into negative territory as investors were spooked by the Federal Reserve’s statement of a possible June 2015 interest rate increase. The FBM KLCI was 13.7 points or 0.76% lower at 1,782.18, after opening 4.29 points lower at 1,791.59 and fluctuated between 1,783.43 and 1,794.82 throughout the day. Decliners outpaced gainers by 581 to 262, while 301 counters were unchanged. Total turnover decreased to 1.9 billion shares worth RM2.2 billion from 2 billion shares worth RM2.3 billion on Wednesday. Read more >>

FBM KLCI - in consolidation

Stocks on Bursa Malaysia closed lower yesterday on profit taking in key heavyweights especially finance as well as oil and gas amid external weakness. Market sentiment was dampened by the reemergence of a geopolitical risk in Ukraine and uncertainty caused by renegotiations between the new anti-austerity Greek government and international lenders. At close, the FBM KLCI dropped 7.29 points or 0.40% to 1,795.88 after moving between 1,790.02 and 1,800.64 throughout the day. Decliners outpaced gainers by 440 to 340, while 339 counters were unchanged. Total turnover declined to 2 billion shares valued at RM2.3 billion from 2.1 billion units valued at RM2.2 billion on Tuesday. Read more >>

FBM KLCI - rebounded to close higher

Stocks on Bursa Malaysia closed higher yesterday, lifted by interests in heavyweights, especially Petronas-linked companies. The local bourse rebounded in line with overnight gains on Wall Street after the Greek anti-austerity Syriza party won the general elections in Greece. At close, the benchmark FBM KLCI stood at 1,803.17, up 6.73 points or 0.37%, after opening 6.48 points lower at 1,789.96 and fluctuated between 1,788.55 and 1,810.21 throughout day. Gainers outpaced decliners by 447 to 366, while 314 counters were unchanged. Total turnover rose to 2.1 billion units valued at RM2.2 billion from 1.9 billion units valued at RM2.1 billion on Monday. Read more >>

FBM KLCI - lower on profit-taking

Stocks on Bursa Malaysia closed lower yesterday, weighed down by profit-taking in heavyweights after recent rally. The local market edged lower in line with regional peers which tracked the weak cue from Wall Street last Friday, and sentiment was also dampened by the victory of the anti-austerity Syriza party in the recent Greek elections, as it raised concerns that the country could abandon budget constraints and cause instability in Europe. At close, the FBM KLCI stood at 1,796.44, down 6.64 points or 0.37%, after opening 2.59 points lower at 1,800.49 and moved between 1,792.65 and 1,801.06 throughout the day. Decliners outpaced gainers by 559 to 312, while 266 counters were unchanged. Total volume declined to 1.88 billion shares worth RM2.13 billion from 2.61 billion units valued at RM3.13 billion last Friday. Read more >>

FBM KLCI - likely to trend higher

Stocks on Bursa Malaysia ended on a firmer note last Friday on continuous buying support for selected heavyweights, amid bargain hunting activities and positive regional market sentiments. The benchmark FBM KLCI gained 21.33 points or 1.20% to end at 1,803.08, after hovering between 1,788.78 and 1,809.33 throughout the day. On a weekly basis, the FBM KLCI rose 59.51 points or 3.41% to 1,803.08 from 1,743.57 on previous Friday. Gainers trounced losers by 534 to 365, while 310 counters were unchanged. Total volume rose to 2.61 billion units worth RM3.1 billion from 2.58 billion units worth RM2.9 billion on Thursday. Weekly turnover increased to 11.32 billion units worth RM12.38 billion from 8.78 billion units worth RM10.24 billion the previous week. Read more >>

FBM KLCI - higher on follow through buying

Stocks on Bursa Malaysia finished higher yesterday on continuous buying support in selected blue chips throughout the day. The local bourse was moving in tandem with other regional peers as major Asian indices displayed encouraging performance ahead of the European Central Bank (ECB) meeting later of the day. At close, the benchmark FBM KLCI stood at 1,781.75, up 11.66 points or 0.66%, after opening 2.35 points lower at 1,767.74. Gainers trounced losers by 664 to 253, while 288 counters were unchanged. Total volume rose to 2.6 billion units worth RM2.9 billion from 2.2 billion units worth RM2.5 billion on Wednesday. Read more >>

FBM KLCI - higher on bullish note

Stocks on Bursa Malaysia closed broadly higher yesterday, supported by gains in small-capitalised counters as well as plantation and industrial-related shares. The FBM KLCI displayed good gain indicating the well acceptance of the revised budget announced by Prime Minister Najib Abdul Razak a day ago. The benchmark FBM KLCI rose 19.98 points or 1.14% to close at 1,770.09, after moving between 1,751.46 and 1,770.09 throughout the day. Gainers trounced losers by 559 to 287, while 280 counters were unchanged. Total volume rose to 2.2 billion units worth RM2.4 billion from 2.1 billion units worth RM2 billion on Tuesday. Read more >>

FBM KLCI - lower on profit-taking

Stocks on Bursa Malaysia closed mixed yesterday with the benchmark FBM KLCI easing 3.2 points or 0.18% to close at 1,750.11, dragged down by losses in selected blue-chips. The benchmark index moved between 1,745.64 and 1,754.34 throughout the day. Gainers led losers by 418 to 391, while 289 counters remained unchanged. Total volume rose to 2.05 billion shares worth RM2.02 billion from 1.9 billion shares worth RM1.9 billion on Monday. Read more >>

FBM KLCI - breakout from consolidation

Stocks on Bursa Malaysia closed higher yesterday, supported by gains in finance counters as well as selected oil and gas-related counters. Maybank was among the top gainers rising 19 sen, or 2.21%, to RM8.79, as news over its merger and acquisition of RHB resurfaced. At close, the benchmark FBM KLCI stood at 1,753.31, up 9.74 points, or 0.56%, after hovering between 1,745.5 and 1,755.12 throughout the day. Gainers outpaced losers by 507 to 302 with 303 counters unchanged. Total volume rose to 1.9 billion shares worth RM1.9 billion from to 1.8 billion shares worth RM1.9 billion on Friday. Read more >>

FBM KLCI - likely to stay sideways range-bound

Stocks on Bursa Malaysia closed lower last Friday as investors booked profit ahead of the weekend, with losses mostly seen in selected heavyweights. The FBM KLCI fell 1.43 points or 0.08% to close at 1,743.57 after hovering between 1,732.35 and 1,745.58 throughout the day. On a weekly basis, the FBM KLCI rose 11.13 points from 1,732.44 on previous Friday. Losers led gainers by 426 to 366 with 296 counters unchanged. Total volume declined to 1.8 billion shares worth RM1.9 billion from 1.9 billion shares worth RM2.3 billion on Thursday. Weekly turnover increased to 8.78 billion units worth RM10.24 billion from 8.03 billion units worth RM8.95 billion the previous week. Read more >>

FBM KLCI - rebounded to close higher

Stocks on Bursa Malaysia closed higher yesterday, supported by gains in selected finance counters and the recovery of the ringgit. Heavyweight blue-chips, Maybank, was among the top gainers rising 21 sen, or 2.5%, to RM8.60 while CIMB, one of the most actively traded counters, increased 16 sen, or 2.78%, to RM5.91. At close, the benchmark FBMKLCI stood at 1,745, up 2.99 points, or 0.17% after hovering between 1,738.24 and 1,750.94 throughout the day. Gainers led losers by 497 to 283 while 304 counters were unchanged. Total volume rose to 1.9 billion shares worth RM2.3 billion from 1.8 billion shares worth RM2.5 billion on Wednesday. Read more >>

FBM KLCI - lower on profit-taking correction

Stocks on Bursa Malaysia closed slightly lower yesterday despite selling pressure on finance stocks, with losses countered by gains in selected heavyweight counters. Market talk on the possible scrap of the mega-bank merger of CIMB, RHB Cap and MBSB seemed to affect investors' buying pattern. At close, the benchmark FBMKLCI stood at 1,742.01, down 6.89 points, or 0.39%, after hovering between 1,736.77 and 1,744.71 throughout the day. Gainers outpaced losers by 450 to 349 with 308 counters unchanged. Total volume shed to 1.77 billion shares worth RM2.49 billion from 1.90 billion shares worth RM2.11 billion on Tuesday. Read more >>

FBM KLCI - rebounded strongly to close higher

Stocks on Bursa Malaysia closed higher yesterday as gains in selected finance counters, led by CIMB, lifted the local bourse to end higher for the fourth consecutive day. Market talk that CIMB and RHB Capital are looking to scrap their proposed mega bank merger with Malaysian Building Society Bhd (MBSB) has triggered massive buying interest in the banking stocks. CIMB emerged the top gainer, rising 74 sen or 14.29 per cent to RM5.92. At close, the benchmark FBMKLCI stood at 1,748.9, up 13.82 points, or 0.8%, after hovering between 1,725.98 and 1,750.16 throughout the day. Gainers outpaced losers by 502 to 311 with 275 counters unchanged. Total volume surged to 1.90 billion shares worth RM2.11 billion from 1.36 billion shares worth RM1.46 billion on Monday. Read more >>

FBM KLCI - rebounded to close higher

Stocks on Bursa Malaysia closed mixed yesterday with late buying in selected heavyweight counters pushed the benchmark FBMKLCI to end trading higher, extending last week's gains. Regionally, Asian stock markets were mixed, as investors remained cautious over the US non-farm payrolls report released last week, coupled with uncertainty in global oil prices due to weakening demand in Europe and Asia. The FBMKLCI ended at an intra-day high of 1,735.08, up 2.64 points or 0.15%, after going as low as 1,718.76 throughout the trading day. On the broader market, gainers outpaced losers by 394 to 317 with 286 counters unchanged. Total volume dropped to 1.36 billion shares worth RM1.46 billion from 1.72 billion shares worth RM1.81 billion on Friday. Read more >>

FBM KLCI - likely to further consolidate

Stocks on Bursa Malaysia extended gains for the second day on Friday with the benchmark FBMKLCI up 4.38 points, or 0.25%, to 1,732.44, as investors and bargain hunters started nibbling at value buy selectively and the local bourse rose in tandem with most regional peers, on hopes of a solid US job report data due later in the night. On a weekly basis, the key index lost 20.33 points from previous Friday’s 1,752.77. Gainers outpaced losers by 424 to 342 with 319 counters unchanged. Total volume surged to 1.7 billion shares worth RM1.8 billion from 1.6 billion shares worth RM1.8 billion on Thursday. Weekly turnover for the regular week increased to 8.03 billion units worth RM8.95 billion from 5.31 billion units worth RM5.48 billion recorded the previous holiday-shortened week. Read more >>

FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia closed higher for the first time this year, in tandem with the upbeat overnight performance on Wall Street, with the benchmark FBMKLCI rose 18.88 points, or 1.1%, to 1,728.06 yesterday after weeks of being spooked by global crude oil price bearishness, as Malaysia’s November 2014 export data released on Wednesday saw the country’s trade surplus at its highest in three years. On the broader market, gainers outpaced losers by 555 to 240 with 269 counters unchanged. Total volume contracted to 1.6 billion shares worth RM1.8 billion from 1.61 billion units worth RM2.1 billion on Wednesday. Read more >>

FBM KLCI - downward momentum reducing

Stocks on Bursa Malaysia finished on an easier note yesterday but recovered from the day’s low on better-than-expected November 2014 export data, and investors started nibbling at value buy selectively, but trading was still in cautious mode with global crude oil price bearishness still unresolved. The benchmark FBMKLCI eased 7.40 points, or 0.43%, dragged down by losses in selected blue chips, to close at 1,709.18, off the day’s low of 1,706.18. Gainers outpaced losers by 413 to 353 with 295 counters unchanged. Total volume fell slightly to 1.61 billion units worth RM2.1 billion from 1.64 billion units worth RM1.9 billion on Tuesday. Read more >>

FBM KLCI - lower on continued downtrend

Stocks on Bursa Malaysia finished on an easier note yesterday in cautious trading, in tandem with most regional peers amid the slump in global crude oil prices. Crude oil prices extended the decline yesterday as glut fears deepened. US crude crashed to below US$50 (RM177.16) a barrel, while benchmark Brent tumbled to under US$53.The benchmark FBMKLCI fell 20.04 points, or 1.15%, dragged down by losses in selected blue chips, to close at 1,716.58, but off the day’s low of 1,708.78. Losers outpaced gainers by 639 to 180 with 246 counters unchanged. Total volume rose to 1.6 billion units worth RM1.9 billion from 1.5 billion units worth RM1.4 billion on Monday. Read more >>

FBM KLCI - lower on selling pressure

Stocks on Bursa Malaysia closed lower yesterday on selling of finance counters. Banking stocks stole the focus in yesterday’s trading in light of the new base rate (BR) mechanism implementation by Bank Negara Malaysia from Jan 2, 2015, as the new mechanism will raise competition among banks. The benchmark FBMKLCI declined 16.15 points or 0.92% to close at 1,736.62 after moving between 1,734.51 and 1,759.15 throughout the day. Losers thumped gainers by 502 to 271, while 257 counters were unchanged. Total volume rose to 1.5 billion units worth RM1.4 billion from 1.1 billion units worth RM921.63 million on last Friday. Read more >>

FBM KLCI - likely to consolidate

Stocks on Bursa Malaysia closed lower last Friday on post window-dressing profit taking amid a quiet trading day as most traders were on holiday. At close, the benchmark FBMKLCI declined 8.48 points or 0.48% to 1,752.77 after moving between 1,741.45 and 1,757.96 throughout the day. On a Friday-to-Friday basis, the benchmark index fell 11.67 points or 0.66% from 1,764.44 on previous Friday. Gainers outpaced losers by 394 to 312, while 286 counters were unchanged. Total volume declined to 1.07 billion units worth RM921.65 million from 1.4 billion units worth RM1.6 billion on Wednesday. Weekly turnover increased to 5.31 billion units worth RM5.48 billion from 4.99 billion units worth RM5.17 billion the previous week. Read more >>

FBM KLCI - likely to further consolidate

Stocks on Bursa Malaysia ended Wednesday, the last trading day in 2014, on an easier note as market sentiment remained cautious over the outlook of the global economy. The local bourse also tracked the weaker performance of regional stock markets as worries over Greece’s future in the Eurozone and a slump in crude oil prices to a fresh five-and-a-half-year low plagued the market. At close, the benchmark FBMKLCI declined 5.58 points or 0.32% to 1,761.25 after hovering between 1,755.93 and 1,768.85 throughout the day. Losers led gainers by 394 to 391, while 285 counters were unchanged. Total volume declined to 1.4 billion units worth RM1.6 billion from 1.6 billion units worth RM1.6 billion on Tuesday. Bursa Malaysia was closed yesterday for the New Year holiday. Read more >>