FBM KLCI - marginally higher

Stocks on Bursa Malaysia ended almost flat yesterday with the benchmark FBM KLCI 0.51 point or 0.03% higher at the close, lifted by gains in selected blue chips. The benchmark FBM KLCI stood at 1,755.56 after hovering between 1,750.72 and 1,759.43 throughout the day. Losers outpaced gainers by 420 to 324, while 333 counters were unchanged. Total volume declined to 1.61 billion units worth RM1.9 billion from 1.78 billion units worth RM2.19 billion on Wednesday. Read more >>

FBM KLCI - sign of bottoming

Stocks on Bursa Malaysia closed lower yesterday with the local benchmark index ended lower on across-the-board selling as unfavourable external developments clouded the local market. The local market reacted negatively to better-than-expected housing and manufacturing data in the US released Tuesday, as this would boost chances of an interest rate hike by the Federal Reserve this year. Anticipation of higher US interest rates does not bode well for emerging Asian markets like Malaysia as global funds flow back into US-based assets. As such, the ringgit weakened to 3.6365 against the US dollar yesterday. The FBM KLCI was 9.02 points or 0.51% easier to close at 1,755.05, after hovering between 1,749.78 and 1,758.35 throughout the day. Losers outpaced gainers by 506 to 274, while 327 counters were unchanged. Total volume rose to 1.78 billion units worth RM2.19 billion from 1.58 billion units worth RM1.93 billion on Tuesday. Read more >>

FBM KLCI - slightly lower on profit taking

Stocks on Bursa Malaysia closed mixed yesterday with the benchmark FBM KLCI ended lower dragged down by selected blue-chips as investors remained pessimistic about Malaysian shares. Bucking the trend of Asian markets that were generally on an uptrend, the FBM KLCI continued its downtrend, as it shed another 3.31 points or 0.19% to close at 1,767.38 points yesterday on the back of rising political undercurrents in the market. While global investors were net purchasers of Asian equity last week, they continued to be net sellers of Malaysian equity. However, market breadth was slightly positive with gainers outpacing losers by 485 to 318, while 331 counters were unchanged. Total volume slipped to 1.56 billion units worth RM1.91 billion from 1.85 billion units worth RM1.9 billion on Monday. Read more >>

FBM KLCI - lower on selling pressure

Stocks on Bursa Malaysia closed lower yesterday with the benchmark FBM KLCI ended 20.12 points or 1.13% lower, weighed down by losses in heavyweights as market sentiment took a hit on worries Tenaga Nasional may buy 1MDB’s power assets at lofty prices. Adding to the woes of the local market was in the afternoon session on news about the fall in European equities, tracking Friday's losses on Wall Street, on growing worries about Greece. At close, the FBM KLCI stood at 1,767.38 points, after hovering between 1,764.63 and 1,787.64 throughout the day. Market breadth was negative with losers outpacing gainers by 808 to 129, while 224 counters were unchanged. Total volume rose to 1.85 billion units worth RM1.9 billion from 1.59 billion units worth RM1.94 billion recorded last Friday. Read more >>

FBM KLCI - likely to further correct downward

Stocks on Bursa Malaysia ended lower last Friday as foreign funds took profits in selected blue chips, led by Tenaga Nasional Berhad on concerns the state-controlled utility may take over 1Malaysia Development Berhad's (1MDB) power-generation assets. The local market bucked regional trends as most Asia Pacific bourses were in positive territory. The benchmark FBM KLCI fell 7.54 points or 0.42% to close at 1,787.5 after hovering between 1,780.11 and 1,798.46 throughout the day. On a weekly basis, the benchmark index shed 24.42 points from 1,811.92 previously. Losers outpaced gainers by 498 to 296, while 342 counters were unchanged. Total volume slipped to 1.59 billion units worth RM1.94 billion from 2.45 billion units worth RM2.28 billion on Thursday. Weekly turnover rose to 10.26 billion units worth RM9.94 billion from 6.66 billion units worth RM8.95 billion, previously. Read more >>

FBM KLCI - higher on follow through rebound

Stocks on Bursa Malaysia bucked regional trends to close higher yesterday lifted by gains in selected plantation heavyweight counters, as well as Petronas Chemicals and Tenaga Nasional Berhad. The local stock market remained resilient despite the weaker regional markets which drifted after weak US retail sales figures suggested the world’s largest economy is struggling to maintain growth momentum. At close, the benchmark FBM KLCI rose 4.53 points or 0.25% to 1,807.55, after hovering between 1,803.63 and 1,807.9 throughout the day. Gainers led losers 411 to 355, with 359 counters unchanged. Total volume declined to 1.57 billion units worth RM1.79 billion from Wednesday’s 1.68 billion units worth RM2 billion. Read more >>

FBM KLCI - sign of bottoming

Stocks on Bursa Malaysia closed higher yesterday, propped up by buying sentiment as traders took the opportunity of the market’s weakness amid expectation of a further monetary stimulus in China. Asian shares advanced as investors focused on hopes of a further stimulus from Beijing to prevent a sharper slowdown in the world’s second-largest economy. At close, the benchmark FBM KLCI rose 4.41 points or 0.25% to 1,803.02, after hovering between 1,795.16 and 1,803.68 throughout the day. Gainers led losers 420 to 355, with 323 counters unchanged. Total volume was slightly higher at 1.68 billion units worth RM2 billion from 1.62 billion units worth RM1.7 billion on Tuesday. Read more >>

FBM KLCI - lower on downtrend continuation

Stocks on Bursa Malaysia ended lower yesterday on lack of investor participation despite the announcement of a gradual corporate tax reduction by Prime Minister Najib Abdul Razak, as investors remained on the sidelines pending first-quarter corporate earnings announcements. The FBM KLCI fell 6.88 points or 0.38% to close at 1,798.61, after hovering between 1,797.01 and 1,802.54 throughout the day. Losers thrashed gainers by 576 to 240, with 319 counters unchanged. Total volume was slightly higher at 1.62 billion units worth RM1.7 billion from Monday’s 1.54 billion units worth RM1.6 billion. Read more >>

FBM KLCI - in consolidation

Stocks on Bursa Malaysia closed lower yesterday with the benchmark FBM KLCI fell into negative territory at close, weighed down by losses in Tenaga Nasional Bhd (TNB) and plantation-related counters. Losses on TNB and plantation-related counters eclipsed China’s stimulus news which had lifted regional market sentiment. China cut its interest rate for the third time in six months to bolster its flagging economy. Investors also remained cautious ahead of the euro zone finance ministers’ meeting scheduled for later of yesterday to discuss the directions of debt-laden Greece. At close, the FBM KLCI was 2.16 points or 0.12% lower at 1,805.49, after fluctuating between 1,803.57 and 1,814.24. Losers led gainers by 484 to 342, with 337 counters unchanged. Total volume was slightly higher at 1.54 billion units worth RM1.6 billion from Friday’s 1.52 billion units worth RM1.93 billion. Read more >>

FBM KLCI - likely to stay range-bound

Stocks on Bursa Malaysia rebounded to close higher last Friday with the benchmark FBM KLCI closed slightly higher, lifted by sustained buying momentum in heavyweights, led by Maybank and Sime Darby, in line with its regional peers due to a stabilising global bond market. At close, the FBM KLCI was 2.55 points or 0.14% higher at 1,807.65, after fluctuating between 1,805.35 and 1,814.28 throughout the day. On a weekly basis, the FBM KLCI fell 10.62 points from 1,818.27 on previous Thursday. Gainers led losers 461 to 315, with 325 counters unchanged. Total volume was slightly lower at 1.52 billion shares worth RM1.93 billion from Thursday’s 1.55 billion shares worth RM1.97 billion. Weekly turnover for the four trading day week declined to 6.81 billion units, worth RM7.63 billion, from 7.40 billion units, worth RM8.27 billion, recorded the previous week. Read more >>

FBM KLCI - lower on continued selling pressure

Stocks on Bursa Malaysia closed lower yesterday in tandem with regional peers with the benchmark FBM KLCI ended lower ahead of the interest rate decision by Bank Negara Malaysia in the evening. Late fund selling of heavyweights Tenaga Nasional and Sime Darby and other key index linked stocks dragged the FBM KLCI down nearly 16 points to its lowest since March 23. At close, the benchmark index was 15.87 points, or 0.87%, lower at 1,805.1, after hitting an intraday high of 1,818.79 earlier in the day. Losers led gainers 437 to 319, with 360 counters unchanged. Total volume fell to 1.55 billion shares worth RM1.97 billion from Wednesday’s 1.92 billion shares worth RM1.79 billion. Read more >>

FBM KLCI - lower on selling pressure

Stocks on Bursa Malaysia closed broadly lower yesterday with the benchmark FBM KLCI ended the day in negative territory on selling activities in selected heavyweights led by Petronas-related counters. The weaker Bursa Malaysia was in tandem with regional peers, following a selloff in global sovereign bonds. At close, the index was 6.45 points or 0.35% lower at 1,820.97 after fluctuating between 1,813.01 and 1,824.21 throughout the day. Losers led gainers 454 to 353, with 312 counters unchanged. Total volume rose to 1.92 billion shares worth RM1.79 billion from 1.82 billion shares worth RM1.93 billion on Tuesday. Read more >>

FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia closed mixed yesterday with the benchmark FBM KLCI closed higher, lifted by gains in selected heavyweights led by Petronas Chemicals and Genting. Key Asian markets were cautious after the Shanghai Composite Index fell more than 4%, fuelled by media reports of tougher margin requirements by some brokerages. At close, the FBM KLCI rose 9.15 points or 0.5% to 1,827.42 after fluctuating between 1,818.16 and 1,830.9 throughout the day. Losers led gainers by 434 to 362 with 321 counters unchanged. Total volume rose to 1.82 billion shares worth RM1.93 billion from last Thursday’s 1.52 billion shares worth RM2.17 billion. Read more >>

FBM KLCI - likely to consolidate

Stocks on Bursa Malaysia closed lower last Thursday for the fourth consecutive day on profit taking ahead of the long weekend for Labour Day and Wesak Day on Friday and Monday respectively. At close, the benchmark FBM KLCI fell 24.66 points or 1.34% to 1,818.27 after fluctuating between 1,818.27 and 1,841.06 throughout the day. On a Friday-to-Thursday basis, the benchmark FBM KLCI declined 44.31 points or 2.38% from 1,862.58 on previous Friday. Gainers led losers by 422 to 372, while 329 counters were unchanged. Total volume decreased to 1.52 billion shares worth RM2.17 billion from Wednesday’s 1.59 billion shares worth RM1.9 billion. Weekly turnover declined to 7.40 billion units worth RM8.27 billion from last Friday’s 12.99 billion units worth RM10.42 billion. Read more >>