FBM KLCI - rebounded to close higher

Stocks on Bursa Malaysia ended higher yesterday, lifted by gains in heavyweights, but late selling of KLK restrained its gains.  The optimism which fuelled the market was a spillover effect from regional bourses, with China stocks nearing a seven-year high on hopes for more infrastructure spending and policy stimulus. The benchmark FBM KLCI rose 8.46 points or 0.47% to close at 1,821.83 points, after hovering between 1,815.02 and 1,825.76 throughout the day. Gainers edged losers 400 to 383 with 340 counters unchanged. Total volume fell to 1.92 billion units worth RM1.7 billion from Friday’s 1.64 billion units worth RM1.82 billion. Read more >>

FBM KLCI - sideways with an upward bias

Stocks on Bursa Malaysia ended lower last Friday as traders trimmed their positions ahead of the weekend amid cautious external environment. Traders remained cautious on the development in the Middle East which was disrupting the oil routes. The FBM KLCI closed 5.05 points or 0.28% lower at 1,813.37, after moving between 1,813.30 and 1,818.31 throughout the day. On a Friday-to-Friday basis, the FBM KLCI gained 9.72 points or 0.54% from 1,803.65 on previous Friday. Losers edged gainers by 391 to 354 with 362 counters unchanged. Total volume fell to 1.64 billion units worth RM1.82 billion from 2.43 billion units worth RM1.95 billion on Thursday. Weekly turnover decreased to 10.21 billion units worth RM9.5 billion from 10.37 billion units worth RM10.59 billion on previous week. Read more >>

FBM KLCI - in consolidation

Stocks on Bursa Malaysia ended almost flat yesterday after range-bound trade as sentiment was dampened by weakness in regional markets. Regional bourses were mostly down as traders turned cautious following escalating tensions in the Middle East and losses on Wall Street. The FBM KLCI closed 0.68 point or 0.04% lower at 1,818.42, after moving between 1,815.41 and 1,820.52 throughout the day. Gainers edged losers 426 to 397 with 343 counters unchanged. Total volume rose to 2.43 billion units worth RM1.95 billion from 2.03 billion units worth RM2.12 billion on Wednesday. Read more >>

FBM KLCI - higher on follow through buying

Stocks on Bursa Malaysia closed higher yesterday on bargain hunting in selected finance heavyweights. Window dressing activities in selected index-linked counters, especially finance, helped lift the FBM KLCI but further upside was capped by cautious sentiment amid weak regional stock markets, as Asian stocks took a breather following declines on Wall Street after a rise in US inflation. The FBM KLCI closed 5.06 points or 0.28% higher at 1,819.1, after moving between 1,812.18 and 1,823.19 throughout the day. Gainers led losers by 449 to 391 with 298 counters unchanged. Total volume rose to 2.03 billion units worth RM2.12 billion from 1.94 billion shares worth RM1.83 billion on Tuesday. Read more >>

FBM KLCI - rebounded strongly

Stocks on Bursa Malaysia closed strongly yesterday, boosted by strong buying in selected index-linked counters. Index-linked and blue-chips dominated the top gainers list with traders positioning themselves ahead of the month-end or first quarter window dressing activities. The FBM KLCI closed 18.19 points or 1.01% higher at 1,814.04, after moving between 1,798.24 and 1,814.54 throughout the day. Losers edged gainers by 415 to 400 with 329 counters unchanged. Total volume, however, declined to 1.94 billion shares worth RM1.83 billion from the 2.13 billion worth RM1.77 billion on Monday. Read more >>

FBM KLCI - lower on profit-taking

Stocks on Bursa Malaysia closed on easier note yesterday on lack of follow-through buying amid selling on selected heavyweights. The local bourse failed to take cue from the stronger regional markets as traders booked profits from last week’s gains. The benchmark FBM KLCI closed 7.8 points or 0.43% lower at 1,795.85 after moving between 1,795.85 and 1,811.08 throughout the day. Losers outpaced gainers by 436 to 374 with 311 counters unchanged. Total volume increased to 2.13 billion shares worth RM1.77 billion from 2.12 billion shares worth RM3.14 billion on Friday. Read more >>

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

Stocks on Bursa Malaysia ended lower last Friday in sync with most Asian bourses, taking cue from the fall on Wall Street overnight. The FBM KLCI closed 5.48 points or 0.3% lower at 1,803.65 after moving in a broad range of between 1,798.74 and 1,806.90 throughout the day. On a weekly basis, the FBM KLCI advanced 21.9 points or 1.6% from 1,781.75 on previous Friday. Losers thumped gainers by 471 to 325 with 314 counters unchanged. Total volume decreased to 2.12 billion shares worth RM3.14 billion from 2.21 billion shares worth RM1.84 billion on Thursday. Weekly turnover decreased to 10.37 billion units worth RM10.59 billion from previous week’s 13.09 billion units worth RM10.43 billion. Read more >>

FBM KLCI - higher on follow through buying

Stocks on Bursa Malaysia and most of its regional peers remained steady at yesterday’s close, underpinned by a strong rebound on Wall Street overnight as the US stock market welcomes the dovish statement from the Federal Reserve that it is not ready to raise interest rates anytime soon. The FBM KLCI ended 11.56 points or 0.64% higher at 1,809.13 after moving on a broad range between 1,798.03 and 1,815.71 throughout the day. Gainers thumped losers by 476 to 336 with 327 counters unchanged. Total volume increased to 2.21 billion shares worth RM1.84 billion from 2.13 billion shares worth RM1.87 on Wednesday. Read more >>

FBM KLCI - higher on continued rebound

Stocks on Bursa Malaysia finished on a firm note yesterday on strong trading in selected heavyweights and blue-chips but the broader market showed signs of weakness. The local market and its regional peers were cautious ahead of the US Federal Reserve’s decision on interest rate. At close, the FBM KLCI ended 9.7 points or 0.54% better at 1,797.57, after moving between 1,787.77 and 1,800.83 throughout the day. Losers outnumbered gainers by 533 to 303 with 288 counters unchanged. Total volume decreased to 2.13 billion shares worth RM1.87 from 2.49 billion shares worth RM1.84 billion on Tuesday. Read more >>

FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia ended mixed yesterday with the benchmark FBM KLCI higher on buying activities following overnight gains on Wall Street but the broader market showed signs of weakness. Asian bourses received some boost after the US stock market registered a more than 1% gain as investors cheered a pause in the greenback’s rally and eyed renewed weakness in oil prices. The FBM KLCI rose 7.33 points or 0.41% to settle at 1,787.87, after fluctuating between 1,779.40 and 1,789.40 throughout the day. Losers led gainers by 490 to 348 with 314 counters unchanged. Total volume rose to 2.49 billion shares worth RM1.84 billion from 2.46 billion shares worth RM1.9 billion on Monday. Read more >>

FBM KLCI - lower on last minute selling

Stocks on Bursa Malaysia closed lower yesterday and last-minute selling in selected blue-chips and small-capitalisation counters caused the benchmark FBM KLCI to close lower. The local bourse fell 10 minutes before trading ended as profit taking emerged to curb gains and ahead of the two-day U.S. Federal Open Market Committee meeting, which begins today. The FBM KLCI, which had hovered in the positive territory earlier, ended at 1,780.54, down 1.21 points or 0.07% after fluctuating between 1,774.30 and 1,787.29 throughout the day. Losers outpaced gainers by 504 to 294 with 303 counters unchanged. Total volume was slightly higher at 2.5 billion shares worth RM1.9 billion from 3 billion shares worth RM1.8 billion last Friday. Read more >>

FBM KLCI - likely to consolidate further

Stocks on Bursa Malaysia closed lower last Friday with the benchmark FBM KLCI settled the day lower on lack of catalysts to drive the market, and as investors took profit from earlier gains amid losses in neighboring bourses. At close, the FBM KLCI finished at 1,781.75, down 5.12 points or 0.29% after fluctuating between 1,781.75 and 1,789.36 throughout the day. Week-on-week, the FBM KLCI lost 25.21 points from 1,786.34 on previous Friday. Losers outpaced gainers by 471 to 372 with 308 counters unchanged. Total volume was slightly higher at 2.96 billion shares worth RM1.8 billion from 2.94 billion shares worth RM2.2 billion on Thursday. Weekly turnover increased to 13.09 billion units worth RM10.43 billion from 11.34 billion units worth RM11 billion on previous week. Read more >>

FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia snapped a three-day losing streak to end higher yesterday, spurred by persistent buying momentum in heavyweights, a rebound in the ringgit and moving in tandem with the uptrend in regional bourses following South Korea’s surprise move to cut interest rates. The benchmark FBM KLCI rose 8.71 points or 0.49% to close at 1,786.87, after fluctuating between 1,780.65 and 1,789.92 throughout the day. Gainers outpaced losers by 537 to 313 with 310 counters unchanged. Total volume rose to 2.9 billion shares worth RM2.2 billion compared to 2.5 billion shares worth RM2.2 billion on Wednesday. Read more >>

FBM KLCI - lower on continued selling pressure in heavyweights

Stocks on Bursa Malaysia closed lower broadly yesterday with the benchmark FBM KLCI ended lower for the third consecutive days on continuous selling activities in heavyweights, mainly finance-related stocks. The FBM KLCI fell 11.57 points or 0.65% to close at 1,778.16, after fluctuating between 1,774.97 and 1,787.23 throughout the day. Losers trounced gainers by 523 to 321 with 296 counters unchanged. Total volume eased slightly to 2.5 billion shares worth RM2.23 billion compared to 2.53 billion shares worth RM2.31 billion on Tuesday. Read more >>

FBM KLCI - lower on late selling

Stocks on Bursa Malaysia closed mixed yesterday with the benchmark FBM KLCI reversing earlier gains on lack of buying momentum and late selling of DIGI and Sime Darby dragged the index into the red at the close. Key Asian markets fared worse than the FBM KLCI with losses ranging from 0.25% to 0.94%. The ringgit weakened to 3.7040 against the US dollar from the previous close of 3.6780. At close, the FBM KLCI settled at 1,789.73, down 2.01 points or 0.11% after fluctuating between 1,789.73 and 1,799.05 throughout the day. Gainers led losers by 457 to 350 with 338 counters unchanged. Total volume rose to 2.5 billion shares worth RM2.3 billion from 2.1 billion shares worth RM1.9 billion on Monday. Read more >>

FBM KLCI - lower on continuous selling

Stocks on Bursa Malaysia closed broadly lower yesterday with the benchmark FBM KLCI closing weaker, dragged by fund selling of Petronas related stocks, Public Bank and Telekom Malaysia on continuous selling activities in heavyweights. The weaker market sentiment was prompted by renewed expectations that the US Federal Reserve would increase its interest rate sooner-than-expected following strong US jobs report released last Friday. The FBM KLCI ended 15.22 points lower at 1,791.74, after fluctuating between 1,778.99 and 1,797.99 throughout the day. Losers outpaced gainers by 544 to 274 with 291 counters unchanged. Total volume rose to 2.1 billion shares worth RM1.9 billion from 2 billion shares worth RM1.9 billion last Friday. Read more >>

FBM KLCI - likely to consolidate

Stocks on Bursa Malaysia closed slightly higher last Friday, supported by bargain hunting in selected finance stocks. Regionally, most Asian stocks traded higher as investor confidence over the US employment data being positive had grown and amid the European Central Bank’s growth forecast upgrade. At close, the benchmark FBM KLCI ended 0.87 point or 0.05% better at 1,806.96, after fluctuating between 1,799.65 and 1,809.65 throughout the day. On a weekly basis, the FBM KLCI fell 14.25 points from 1,821.21 on previous Friday. Gainers outpaced losers by 456 to 361 with 310 counters unchanged. Total volume declined to 2 billion shares worth RM1.9 billion from 2.1 billion shares worth RM2.4 billion transacted on Thursday. Weekly turnover increased to 11.34 billion units worth RM11 billion from 10.45 billion units worth RM10.62 billion on previous week. Read more >>

FBM KLCI - lower on selling pressure

Stocks on Bursa Malaysia closed broadly lower yesterday in tandem with Asian markets which traded mostly lower, affected by China’s announcement to cut its economic growth target, and continued selling in most heavyweight counters dragged the benchmark FBM KLCI to close 19.45 points or 1.07% lower at 1,806.09 after fluctuating between 1,805.80 and 1,819.67 throughout the day. CIMB and SKPETRO were the top two losers, declining 21 Sen and 19 Sen each to RM5.72 and RM2.45 respectively; bringing down the index by a total of 5.08 points. Losers outpaced gainers by 556 to 288 with 292 counters traded unchanged. Total volume rose to 2.14 billion shares worth RM2.4 billion, from2.12 billion shares worth RM2.2 billion transacted on Wednesday. Read more >>

FBM KLCI - higher on last minute buying

Stocks on Bursa Malaysia closed mixed yesterday with last minute bargain hunting in selected finance counters lifted share prices to end slightly higher. However, the broader market was still cautious. The benchmark FBM KLCI ended 4.29 points or 0.24% better at 1,825.54, after fluctuating between 1,819.18 and 1,826.05 throughout the day. Losers outpaced gainers by 473 to 345 with 308 counters unchanged. Total volume fell to 2.1 billion shares, worth RM2.2 billion, from 2.8 billion shares, worth RM2.4 billion, transacted on Tuesday. Read more >>

FBM KLCI - higher on rebound

Stocks on Bursa Malaysia ended higher yesterday on continued buying in selective heavyweights, as bargain hunters emerged after losses on previous day. The benchmark FBM KLCI rose 4.12 points or 0.23% to close at 1,821.25, after moving between 1,817.94 and 1,825.79 throughout the day. Losers outpaced gainers by 461 to 420 with 282 counters unchanged. Total volume rose to 2.8 billion shares worth RM2.4 billion from 2.3 billion shares worth RM2.2 billion on Monday. Read more >>

FBM KLCI - lower on profit-taking

Stocks on Bursa Malaysia ended lower yesterday on continued selling in selective heavyweights. Regionally, most of the Asian stock markets were traded higher, as investors reacted positively to the People’s Bank of China’s move to lower the one-year deposit rate by 25 basis points to 2.5% and the one-year lending rate to 5.35%. The FBM KLCI slipped 4.08 points or 0.22% to close at 1,817.13, after moving between 1,812.35 and 1,825.33 points throughout the day. Losers outpaced gainers by 617 to 313 with 260 counters unchanged. Total volume rose to 2.3 billion shares worth RM2.2 billion from 2.2 billion shares worth RM2.7 billion on Friday. Read more >>

FBM KLCI - likely to consolidate with an upward bias

Stocks on Bursa Malaysia ended marginally higher last Friday as the local bourse rebounded on the back of an improved risk appetite and in tandem with the upbeat overnight performance of Wall Street, which embraced a bullish tone as the Federal Reserve conveyed a bias towards delaying rates hike, but with some flexibility on economic conditions. The benchmark FBM KLCI rebounded 0.34 point or 0.02% towards the end of trading to 1,821.21, after moving between 1,811.74 and 1,825.65. On a weekly basis, the FBM KLCI rose 13.34 points from 1,807.87 on previous Wednesday. Losers outpaced gainers by 484 to 367 with 302 counters unchanged. Total volume rose to 2.2 billion shares worth RM2.7 billion from 1.9 billion shares worth RM2 billion on Thursday. Weekly turnover increased to 10.45 billion units, worth RM10.62 billion, from 4.62 billion units, worth RM4.50 billion, recorded on the previous holiday-shortened week.