FBM KLCI - lower on extended selling

Stocks on Bursa Malaysia closed lower yesterday in line with Asian bourses as traders turned cautious ahead of the US Federal Reserve’s (Fed) policy meeting which will indicate the interest rate’s direction, and late selling pressure on Petronas Dagangan and Petronas Chemicals and other heavyweights sent the FBM KLCI down more by 12.13 points or 0.65% to 1,842.93, after fluctuating between 1,842.84 and 1,855.46 throughout the day while trading volume declined. Gainers led losers marginally 410 to 407, while 324 counters were unchanged. Total volume decreased to 1.59 billion shares worth RM1.9 billion from Tuesday’s 2.17 billion shares worth RM2.15 billion. Read more >>

FBM KLCI - lower on continued profit taking

Stocks on Bursa Malaysia ended lower yesterday as traders stayed on the sidelines ahead of the two-day Federal Reserve (Fed) policy meeting which begins on Tuesday. At close, the benchmark FBM KLCI fell 4.52 points or 0.24% to 1,855.06 after fluctuating between 1,850.04 and 1,862.14 throughout the day. Market breadth was negative, with losers overwhelming gainers by 762 to 183, while 272 counters were unchanged. Total volume increased to 2.17 billion shares worth RM2.15 billion from Monday’s 2.12 billion shares worth RM2.05 billion. Read more >>

FBM KLCI - lower on profit taking

Stocks on Bursa Malaysia ended lower yesterday on profit taking in selected blue chips and heavyweights. The benchmark FBM KLCI in weakened in late afternoon in line with some of the Asian bourses. At close, the FBM KLCI fell 3.0 points or 0.16% to 1,859.58 after fluctuating between 1,859.18 and 1,867.53 throughout the day. Market breadth was negative, with losers led gainers by 639 to 250, while 277 counters were unchanged. Total volume increased to 2.12 billion shares worth RM2.05 billion from 2.10 billion shares worth RM2 billion on last Friday. Read more >>

FBM KLCI - turning bullish

Stocks on Bursa Malaysia closed mixed last Friday with the benchmark FBM KLCI ended the week on a firm note, boosted by persistent-buying momentum in selected blue chips, led by banking and oil and gas stocks. The benchmark index was traded in positive territory throughout the day, supported by foreign fund buying, ringgit appreciation and improved global sentiment. At close, the FBM KLCI rose 16.5 points, or 0.89%, to 1,862.58 after fluctuating between 1,849.71 and 1,862.58 throughout the day. On weekly basis, the benchmark index rose 16.72 points from 1,845.86 on previous Friday. Losers led gainers by 445 to 393, with 341 counters unchanged. Total volume rose to 2.1 billion shares worth RM2.0 billion from 1.98 billion shares worth RM1.68 billion on Thursday. Weekly turnover grew to 12.99 billion units worth RM10.42 billion from 12.11 billion units worth RM11.27 billion last week. Read more >>

FBM KLCI - lower on extended profit taking

Stocks on Bursa Malaysia extended Wednesday’s losses to close lower yesterday as profit taking continued amid less optimistic economic data from China, Japan and Europe. Selling was mostly recorded in selected blue chips, mostly finance and banking as well as plantation stocks. The FBM KLCI fell 8.69 points or 0.47% to 1,846.08 after fluctuating between 1,846.08 and 1,855.7 throughout the day. Decliners outpaced advancers 480 to 310, with 365 counters unchanged. Total volume decreased to 1.98 billion shares worth RM1.68 billion from 3.04 billion shares worth RM2.74 billion on Wednesday. Read more >>

FBM KLCI - lower on profit taking

Stocks on Bursa Malaysia closed broadly lower yesterday, reversing Tuesday’s gains as profit taking emerged mostly in key blue-chips and small-capitalised stocks, in tandem with the lack-lustre South-east Asian markets. At close, the benchmark FBM KLCI fell 8.03 points or 0.43% to 1,854.77 after fluctuating between 1,853.72 and 1,863.61 throughout the day. Losers overwhelmed gainers by 564 to 293 while 345 counters were unchanged. Total volume rose to 3.04 billion shares worth RM2.74 billion from 2.12 billion shares worth RM2.47 billion on Tuesday. Read more >>

FBM KLCI - breakouts from sideways range

Stocks on Bursa Malaysia closed higher yesterday as persistent fund buying in most of the heavyweights throughout the day helped propel the benchmark FBM KLCI to close 14.14 points or 0.76% higher at 1,862.80, after it went as low as 1,850.35 during the day. Investors regained confidence in the local market after Bank Negara Malaysia’s governor Zeti Akhtar Aziz defended Malaysia’s fiscal direction in her latest interview. Gainers overwhelmed losers by 536 to 359, with 311 counters unchanged. Total volume stood at 3.04 billion shares worth RM2.47 billion, down from Monday’s 3.13 billion shares worth RM2.14 billion. Read more >>

FBM KLCI - higher on last minute rebound

Stocks on Bursa Malaysia ended mixed yesterday with the benchmark FBM KLCI reversing its earlier losses on mild buying interest in selected finance and plantation counters. Late buying of heavyweight Sime Darby pushed the FBM KLCI into the positive zone at the close while nearly all the key Asian markets were in the red, dampened by China’s central bank’s move to reduce its reserve requirement, the second industry-wide cut in two months. At close, the FBM KLCI settled at 1,848.66, up 2.80 points or 0.15%, after fluctuating between 1,841.10 and 1,848.97. Losers overwhelmed gainers by 485 to 346, with 313 counters unchanged. Total volume stood at 3.13 billion shares worth RM2.14 billion, up from Friday’s 2.58 billion shares worth RM2.28 billion. Read more >>

FBM KLCI - likely to stay sideways range-bound

Stocks on Bursa Malaysia closed mixed last Friday with the benchmark FBM KLCI ended marginally lower, reversing earlier gains on mild profit taking prior to the weekend. At close, the FBM KLCI settled at 1,845.86, down 2.08 points or 0.11% after fluctuating between 1,852.95 and 1,845.09. On a weekly basis, the FBM KLCI gained 1.55 points from previous Friday’s 1,844.31. Market breadth was positive with gainers overwhelmed losers by 493 to 334, while 357 counters were unchanged. Total volume stood at 2.58 billion shares worth RM2.28 billion, down from Thursday’s 2.70 billion shares worth RM2.52 billion. Weekly turnover grew to 12.11 billion units worth RM11.27 billion from 9.42 billion units worth RM9.26 billion on previous week. Read more >>

FBM KLCI - rebounded to close higher

Stocks on Bursa Malaysia closed higher yesterday with the benchmark FBM KLCI closing 7.81 points, or 0.42%, better at 1,847.94 on late buying by foreign fund while the broader market was also firmer in line with the key regional bourses. Gainers overwhelmed losers by 517 to 340, with 357 counters unchanged. Total volume stood at 2.7 billion shares worth RM2.52 billion, matching Wednesday’s 2.7 billion shares worth RM2.51 billion. Read more >>

FBM KLCI - sign of rebound

Stocks on Bursa Malaysia ended marginally higher yesterday with the benchmark FBM KLCI closing 0.52 point better at 1,840.13 after fluctuating between 1,836.37 and 1,846.06 throughout the day. Market breadth was positive with gainers outpacing losers by 518 to 307 while 353 counters were unchanged. Total volume expanded to 2.7 billion shares worth RM2.51 billion from 2.02 billion shares worth RM2.08 billion on Tuesday. Read more >>

FBM KLCI - lower on continued profit taking

Stocks on Bursa Malaysia closed lower yesterday with the benchmark FBM KLCI ended lower, reversing earlier gains on lack of buying momentum in the afternoon session. At close, the FBM KLCI settled at 1,839.61, down 2.47 points or 0.13% after fluctuating between 1,846.31 and 1,837.25 throughout the day. Losers outpaced gainers by 459 to 359 with 339 counters unchanged. Total volume shrank to 2.02 billion shares worth RM2.08 billion from 2.12 billion shares worth RM1.87 billion on Monday. Read more >>

FBM KLCI - lower on continued correction

Stocks on Bursa Malaysia closed mixed yesterday with the benchmark FBM KLCI pared earlier gains to close 2.23 points or 0.12% lower at 1,842.08, after range-bound trading with buying interest interspersed with profit taking in heavyweight stocks. The key index, which moved in a tight range of 6.59 points, had fluctuated narrowly between a low of 1,840.91 and 1,847.50. Gainers outnumbered losers by 467 to 378, with 319 counters unchanged. Total volume increased to 2.12 billion shares worth RM1.87 billion from 1.85 billion units worth RM1.8 billion on last Friday. Read more >>

FBM KLCI - likely to consolidate

Stocks on Bursa Malaysia closed mixed last Friday with the benchmark FBM KLCI ended the week easier, dragged down by selling in finance and banking stocks led by Maybank. The local bourse closed lower for three consecutive days on continued profit-taking, and this curbed interest despite the positive performance in the US and regional markets. The FBM KLCI fell 5.08 points or 0.27% to 1,844.31 points, after fluctuating between 1,840.77 points and 1,849.78 points throughout the day. On a weekly basis, the FBM KLCI gained 9.79 points from 1,834.52 on previous Friday. Gainers led losers by 422 to 403, while 330 counters were unchanged. Total volume improved to 1.85 billion units worth RM1.8 billion from Thursday’s 1.8 billion units worth RM1.79 billion. Weekly turnover decreased to 9.42 billion units worth RM9.26 billion from 10.94 billion units worth RM9.06 billion the previous week. Read more >>

FBM KLCI - in consolidation

Stocks on Bursa Malaysia closed mixed yesterday with the benchmark FBM KLCI ended almost flat to close 0.92 point lower at 1,849.39 points after fluctuating between 1,843.99 and 1,849.77 throughout the day. Nonetheless, gains in small-capitalised stocks helped mitigate losses caused by selling in blue-chips, particularly in banking- and oil and gas-related stocks. Gainers thumped losers by 479 to 374, while 314 counters were unchanged. Total volume fell to 1.8 billion units worth RM1.79 billion from Wednesday’s 1.82 billion units worth RM1.88 billion. Read more >>

FBM KLCI - lower on profit-taking correction

Stocks on Bursa Malaysia ended lower yesterday on persistent profit taking in heavyweights amid bullish performance on the regional market. The benchmark FBM KLCI ended lower on profit taking after posting strong gain the previous day. At close, the FBM KLCI fell 6.20 points or 0.33%, after moving between 1,848 and 1,853.21 throughout the day. Gainers, however, outpaced losers by 427 to 372, while 360 counters were unchanged. Total volume was lower at 1.82 billion units worth RM1.88 billion from Tuesday’s 1.95 billion units worth RM2.10 billion. Read more >>

FBM KLCI - higher but overbought

Stocks on Bursa Malaysia closed higher yesterday and persistent buying in selected index-linked heavyweights by funds pushed the benchmark FBM KLCI to close at a seven-month high, in line with regional markets. Most Asian markets rose yesterday following the positive lead from Wall Street overnight, while investors remained cautious as to how the US market would react over the weak job data. The FBM KLCI closed at an intra-day high of 1,856.51, up 13.57 points or 0.74%, after opening at the intra-day low of 1,843.18. Gainers outpaced losers by 502 to 354, while 327 counters were unchanged. Total volume was lower at 1.95 billion units worth RM2.10 billion from Monday’s 1.99 billion units worth RM1.67 billion. Read more >>

FBM KLCI - turning bullish

Stocks on Bursa Malaysia closed higher yesterday in line with most regional markets, supported by persistent foreign fund buying in the finance and consumer stocks as the ringgit staged a rebound against the US dollar. Most Asian markets rose yesterday on expectations of possible delay in the US interest increase due to unexpected weak non-farm payrolls report for March. The FBM KLCI rose 8.42 points or 0.46% to 1,842.94, after hovering between 1,837.51 and 1,844.83 throughout the day. Gainers outpaced losers by 395 to 377, while 342 counters were unchanged. Total volume was higher at 1.99 billion units worth RM1.67 billion from Friday’s 1.78 billion units worth RM1.28 billion. Read more >>

FBM KLCI - Breakouts

Stocks on Bursa Malaysia closed higher last Friday tracking the positive regional markets. The benchmark FBM KLCI closed 2.55 points or 0.14% better at 1,834.52, after hovering between 1,829.74 and 1,836.82 throughout the day. On a Friday-to-Friday basis, the FBM KLCI gained 21.15 points from 1,813.37 on previous Friday. Gainers outpaced losers by 383 to 360, while 345 counters were unchanged. Total volume was lower at 1.78 billion units worth RM1.28 billion from Thursday’s 2.16 billion units worth RM2.03 billion. Weekly turnover increased to 10.94 billion units worth RM9.06 billion from previous week’s 10.21 billion units worth RM9.5 billion. Read more >>

FBM KLCI - turning bullish

Stocks on Bursa Malaysia closed higher yesterday amid a firmer broader market as funds were seen picking up index linked stocks driven by buying interest in plantation counters. Market sentiment improved in late afternoon in line with firmer key regional bourses as the US dollar weakened. The FBM KLCI ended 5.66 points or 0.31% higher at 1,831.97 points after hovering between 1,826.28 and 1,832.37 throughout the day. Gainers outpaced losers by 466 to 325, while 322 counters were unchanged. Total volume was lower at 2.16 billion units worth RM2.03 billion from Wednesday’s 2.91 billion units worth RM1.57 billion. Read more >>

FBM KLCI - lower on profit-taking

Stocks on Bursa Malaysia ended yesterday in negative territory on profit-taking as traders were increasingly concerned over the continuously depressed crude oil prices, Greek debt issues, as well as the implementation of the goods and services tax. At close, the benchmark FBM KLCI eased 4.47 points or 0.24% to 1,826.31 points, after hovering between 1,823.61 and 1,831.35 throughout the day. Losers overwhelmed gainers by 478 to 291 while 325 counters were unchanged. Total volume rose to 2.91 billion units worth RM1.57 billion from Tuesday’s 2.15 billion units worth RM2.45 billion. Read more >>

FBM KLCI - turning uptrend

Stocks on Bursa Malaysia ended the first quarter yesterday on a firm note with the benchmark FBM KLCI advancing 3.95% year-to-date on window dressing as bargain hunters triumphed over profit takers. The FBM KLCI rose 8.95 points or 0.49% to close at 1,830.78 points, after hovering between 1,825.3 points and 1,832.85 points throughout the day. Gainers edged losers 417 to 410 while 350 counters were unchanged. Total volume rose to 2.15 billion units worth RM2.45 billion from Monday’s 1.92 billion units worth RM1.7 billion. Read more >>