FBM KLCI - rebounded to close higher

Stocks on Bursa Malaysia ended higher yesterday with the benchmark FBM KLCI closing 5.01 points higher, or 0.28% better, at 1,820.87 after hovering between 1,812.90 and 1,821.67. Maybank emerged as the top contributor to the gain in the key index, adding 14 Sen to RM9.16 on news its profit beat estimates. Maybank’s pre-tax profit surged to RM9.1 billion for its financial year ended Dec 31, 2014 from RM8.9 billion in 2013, on higher Islamic banking income. Gainers outpaced losers by 502 to 347 with 331 counters unchanged. Total volume surged to 1.9 billion shares worth RM2 billion from 1.7 billion shares worth RM1.9 billion on Wednesday. Read more >>

FBM KLCI - lower on profit-taking

Stocks on Bursa Malaysia closed lower on a listless trading yesterday, with the benchmark FBM KLCI closing 2.82 points, or 0.16%, lower at 1,815.86 after hovering between 1,808.65 and 1,818.35 throughout the day. Among FBM KLCI components, Felda Global Ventures (FGV) led the losers, dipping 38 Sen to RM2.56 as the global agricultural and agri-commodities giant’s pre-tax profit for the financial year (FY) ending Dec 31, 2014 dipped 47.2% from previous FY to RM826.37 million. Losers outpaced gainers by 427 to 379, with 323 counters unchanged. Total volume dwindled to 1.7 billion shares worth RM1.9 billion from 2.2 billion shares worth RM2.1 billion on Tuesday. Read more >>

FBM KLCI - turning bullish

Stocks on Bursa Malaysia extended gains for the second day yesterday on the back of improved sentiment as investors and bargain hunters continued nibbling selectively at value buys after the long Lunar New Year holiday, making the local bourse rise in tandem with most regional peers. MISC was the top contributor to the key index (with its +3.20 points contribution), adding 47 Sen to RM8.05, on news that Petronas had extended the time charter for five of its liquefied natural gas (LNG) carriers for another 10 years. The benchmark FBM KLCI rose 9.29 points, or 0.51%, to 1,818.68, after moving between 1,812.01 and 1,819.24. Gainers outpaced decliners by 432 to 409 while 316 counters were unchanged. Total volume however shrank to 2.2 billion shares worth RM2.1 billion from 2.6 billion shares worth RM2.3 billion on Monday. Read More >>

FBM KLCI - higher on positive note

Stocks on Bursa Malaysia ended higher yesterday on the first trading day of the Year of the Goat spurred by light buying in small-capitalised stocks and selected blue chips. Trading in Bursa Malaysia was mostly dominated by lower-liners, with the benchmark index constituents barely moving. The benchmark FBM KLCI ended 1.52 points or 0.08% better at 1,809.39 after moving between 1,804.95 and 1,812.75. Gainers outpaced losers by 428 to 382, with 290 counters unchanged. Total volume rose to 2.6 billion shares worth RM2.3 billion from 897.03 million shares worth RM887.37 million last Wednesday. Read more >>

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

Stocks on Bursa Malaysia closed lower last Wednesday on half-a-day trading as trader trimmed positions ahead of the long Chinese New Year holiday. Traders also remained cautious over the weak sentiment fuelled by the ongoing Greek debt saga and despite rising crude oil prices which provided some comfort, especially to oil and gas counters. At close, the benchmark FBM KLCI ended at 1,807.87, down 2.22 points or 0.12% after hovering between 1,806.17 and 1,815.95. On a week-to-week basis, the FBM KLCI added 6.92 points from 1,800.95 on previous Friday. Losers led gainers by 381 to 276, while 284 counters were unchanged. Total turnover contracted to 897.04 million units worth RM887.39 million from 1.66 billion units valued at RM1.49 billion on Tuesday. Weekly turnover was down to 4.62 billion units, valued at RM4.5 billion, from 10.43 billion units, valued at RM11.44 billion, recorded the previous week. Read more >>

FBM KLCI - higher on last minute buying

Stocks on Bursa Malaysia closed firmer yesterday lifted by last-minute buying in selected blue-chips and small caps. Trading had been slow ahead of the Chinese New Year celebrations, which start this Thursday. Late buying of TENAGA and PETGAS lifted the FBM KLCI to close slightly higher after staying in the red most of the day. At close, the FBM KLCI finished at 1,810.09, up 1.2 points or 0.07% after hovering between 1,804.52 and 1,810.9. Losers led gainers by 381 to 349, while 343 counters were unchanged. Total turnover contracted to 1.67 billion units valued at RM1.49 billion from 2.06 billion units valued at RM2.12 billion transacted on Monday. Read more >>

FBM KLCI - higher on follow through buying

Stocks on Bursa Malaysia closed firmer yesterday buoyed by optimism over a possible Eurozone resolution to the Greece debt and crude oil price hike. The FBM KLCI closed almost eight points higher, underpinned by fund buying of CIMB and TENAGA while plantations advanced on firmer crude palm oil (CPO) prices. At close, the FBM KLCI was up 7.94 points or 0.44% at 1,808.89, after hovering between 1,800.24 and 1,809.71 throughout the day. Advancers outnumbered decliners by 452 to 352, while 323 counters were unchanged. Total turnover expanded to 2.06 billion units valued at RM2.12 billion from the 1.96 billion units valued at RM2.33 billion transacted on Friday. Read more >>

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

Stocks on Bursa Malaysia closed on a firm note last Friday, snapping a four-day losing streak, boosted by persistent buying momentum amid positive market sentiment. Bursa Malaysia and its regional peers was on an upside due to a rally in global oil prices, with the benchmark Brent crude oil hovering above US$59 in Asia on Friday, following the overnight Russia-Ukraine ceasefire deal. The benchmark FBM KLCI finished at its intra-day high of 1,800.95, up 11.88 points or 0.66% after slipping as low as 1,790.31. On a weekly basis, the FBM KLCI slipped 12.3 points from 1,813.25 the previous Friday. Advancers outnumbered decliners by 493 to 303, while 343 counters were unchanged. Total turnover expanded to 1.96 billion units valued at RM2.33 billion, from the 1.68 billion units valued at RM2.51 billion transacted on Thursday. Weekly turnover doubled to 10.43 billion units valued at RM11.44 billion from 5.98 billion units valued at RM6.93 billion previously. Read more >>

FBM KLCI - sign of bottoming

Stocks on Bursa Malaysia ended on an easier note yesterday, with the benchmark FBM KLCI down 9.88 points or 0.55% to 1,789.07 despite the better-than-expected 2014 gross domestic product (GDP) growth. Malaysia’s economy grew by 6% last year after recording a 5.8% growth in the fourth quarter, mainly driven by private sector spending. The FBM KLCI fluctuated between 1,780.21 and 1,791 throughout the day dragged down by selling pressure in blue-chips led by TENAGA. Losers outpaced gainers by 436 to 326, while 329 counters were unchanged. Total turnover decreased to 1.68 billion units valued at RM2.51 billion from 2.2 billion units valued at RM2.4 billion transacted on Wednesday. Read more >>

FBM KLCI - lower on heavy profit-taking

Stocks on Bursa Malaysia closed lower yesterday with the benchmark FBM KLCI tumbled for the second consecutive day, dragged down mainly by losses in TENAGA over the new electricity tariff cut. TENAGA, dragged the composite index lower by 4.55 points, settled the day 46 sen lower at RM14.40. At close, the FBM KLCI settled at 1,798.95, down 12.17 points or 0.67%, after touching an intra-day low of 1,790.8. Decliners thumped advancers by 508 to 321, while 313 counters were unchanged. Total turnover decreased to 2.2 billion units valued at RM2.4 billion from 2.5 billion units valued at RM2.3 billion transacted on Tuesday. Read more >>

FBM KLCI - in consolidation

Stocks on Bursa Malaysia closed mixed yesterday with the FBM KLCI fell marginally reversing its earlier gains to close slightly lower on late selling, mostly in selected blue chips and the weakening of the ringgit, in line with Asian markets, after China's consumer inflation touched a five-year low in January, fuelling disinflation concerns. At close, the FBM KLCI fell 0.46 points or 0.03% to settle at 1,811.12 points after fluctuating between 1,808.69 and 1,816.62 throughout the day. Gainers outpaced losers by 434 to 373, while 324 counters were unchanged. Total turnover increased to 2.5 billion units valued at RM2.3 billion from 2.1 billion units valued at RM1.9 billion on Monday. Read more >>

FBM KLCI - slightly lower on profit-taking

Stocks on Bursa Malaysia closed slightly lower yesterday dampened by selling in selected blue chips and heavyweights led by CIMB, in tandem with key Asian bourses. CIMB, which earlier announced that it would close its offices in Sydney and Melbourne, dragged the composite index lower by 1.746 points. At close, the benchmark FBM KLCI finished at 1,811.58, down 1.67 points or 0.09%, after fluctuating between 1,805.16 and 1,818.31 throughout the day. Losers outpaced gainers by 426 to 392, while 297 counters were unchanged. Total turnover fell to 2.12 billion units valued at RM1.94 billion from RM1.92 billion units valued at RM2.14 billion transacted on Friday. Read more >>

FBM KLCI - likely to trend higher

Stocks on Bursa Malaysia closed higher last Friday, in tandem with regional stock markets, buoyed by a rebound in oil prices as global benchmark Brent crude rose another 5.8% to US$57.91 a barrel, a fourth successive advance and the highest settlement since late December last year. The benchmark FBM KLCI rose 10.04 points or 0.56% to finish at 1,813.25, after fluctuating between 1,806.3 and 1,814.3 throughout the day. On a Friday-to-Friday basis, the key index rose 31.99 points or 1.8% from 1,781.26 on previous Friday. Gainers outpaced losers by 512 to 291, while 341 counters were unchanged. Total turnover rose to RM1.9 billion units valued at RM2.1 billion from 1.7 billion units valued at RM2.1 billion on Thursday. Weekly turnover for the three trading day week decreased to 5.98 billion units valued at RM6.93 billion from previous week’s 9.74 billion units valued at RM11.07 billion. Read more >>

FBM KLCI - marginally higher on rebound

Stocks on Bursa Malaysia closed mixed yesterday with the FBM KLCI continued the previous day’s gains to close marginally higher, weighed on by profit taking and mixed overseas sentiment. The benchmark FBM KLCI finished 0.19 of a point higher at 1,803.21 points, after fluctuating between 1,796.41 points and 1,804.25 points throughout the day. Losers outpaced gainers by 433 to 344, while 326 counters were unchanged. Total turnover declined to 1.6 billion shares valued at RM2.1 billion from 2.4 billion shares valued at RM2.7 billion transacted on Wednesday. Read more >>

FBM KLCI - breakout from consolidation

Stocks on Bursa Malaysia closed higher yesterday, lifted by gains in consumer and Petronas-linked stocks, after the bourse re-opened for trading following a two-day break and a rebound in global oil prices. The benchmark FBM KLCI rose 21.76 points or 1.22% to close at 1,803.02 points, after moving between 1,801.09 points and 1,831.41 points throughout the day. Gainers outpaced decliners by 467 to 399, while 318 counters were unchanged. Total turnover increased to 2.41 billion shares valued at RM2.69 billion from last Friday’s 1.91 billion shares valued at RM2.21 billion. Read more >>

FBM KLCI - likely range-bound with an upward bias

Stocks on Bursa Malaysia closed mixed last Friday following a severe bout of persistent selling pressure in the final hours and cloaked by weak market sentiment. The market gave up early gains on profit-taking seen in the consumer, plantation and properties segment. The benchmark FBM KLCI fell 0.92 point or 0.05% to close at 1,781.26, ahead of the long weekend which saw Bursa Malaysia closed on Monday and Tuesday for the Federal Territory Day and Thaipusam holiday, after opening 6.18 points higher at 1,788.36 and hovered between 1,781.26 and 1,789.39 throughout the day. Week-on week, the FBM KLCI declined 21.82 points or 1.21% from 1803.08 on previous Friday. Nonetheless, market breadth was positive with gainers outpacing decliners by 440 to 344, while 330 counters were unchanged. Total turnover increased to 1.91 billion shares valued at RM2.2 billion from 1.89 billion shares worth RM2.2 billion on Thursday. Weekly turnover decreased to 9.74 billion units valued at RM11.07 billion from 11.32 billion units worth RM12.38 billion on previous week. Read more >>