FBM KLCI - lower on bearish sentiment

Stocks on Bursa Malaysia ended on a bearish note yesterday with the benchmark index closed at its lowest level so far this year on persistent selling pressures across the board, in line with the bearish performance of regional markets, impacted by concerns over Greece’s debt default. Sentiment was also affected by the likelihood of Fitch Ratings credit-rating downgrade of Malaysia. The ringgit also hit a 10-year low of 3.7830 per US dollar, its weakest since July 2005. At close, the FBM KLCI fell 18.55 points or 1.08% to settle at 1,691.92, after hitting an intra-day low of 1,688.44. Losers thumped gainers by 823 to 126, with 188 counters unchanged. Total volume increased to 1.67 billion units worth RM1.71 billion from Friday’s 1.35 billion units worth RM1.43 billion. Read more >>

FBM KLCI - likely to correct deeper downward

Stocks on Bursa Malaysia ended last Friday on a bearish note with losses in heavyweights continuing to weigh on market sentiment. The local market was tracking the sluggish regional markets amid concerns of a potential Greece debt default and the country exiting the European Union after days of talks in Brussels failed to yield a breakthrough, the 7% plunge in China markets while the ringgit continued to weaken against the US dollar. At close, the FBM KLCI was down 6.34 points or 0.37% to 1,710.47, the lowest since Jan 7, after fluctuating between 1,709.87 and 1,716.64 throughout the day. On a weekly basis, the benchmark index eased 11.3 points or 0.65% from 1,721.77. Losers thumped gainers by 441 to 345, with 320 counters unchanged. Total volume decreased to 1.35 billion units, worth RM1.43 billion, from Thursday’s 1.65 billion units worth RM2.08 billion. Weekly turnover decreased to 7.35 billion units worth RM8.19 billion from 7.72 billion units worth RM9.18 billion previously. Read more >>

FBM KLCI - lower on selling pressure

Stocks on Bursa Malaysia closed broadly lower yesterday as continued selling pressure in most heavyweight counters dragged the benchmark index to close sharply lower. Southeast Asian stock markets also trimmed previous gains, with market sentiments dampened by investor worries over the Greek debt talks. At close, the FBM KLCI was 14.87 points or 0.86% lower at 1,716.81 after moving between 1,716.81 and 1,729.64 throughout the day. Losers thumped gainers by 552 to 292, with 254 counters unchanged. Total volume decreased to 1.65 billion units worth RM2.08 billion from Wednesday’s 1.79 billion units worth RM1.89 billion. Read more >>

FBM KLCI - rebounded to close higher

Stocks on Bursa Malaysia closed higher yesterday on last-minute buying interests amid choppy trading, tracking the regional bourses. However, investors remained cautious due to absence of catalyst to help instill the necessary buying confidence. The FBM KLCI was 4.82 points or 0.28% higher at 1,731.68, after moving between 1,724.47 and 1,731.68 throughout the day. Gainers led losers by 443 to 353, with 288 counters unchanged. Total volume increased to 1.79 billion units worth RM1.89 billion from Tuesday’s 1.73 billion units worth RM1.68 billion. Read more >>

FBM KLCI - lower on profit taking

Stocks on Bursa Malaysia closed lower yesterday on profit taking by late fund selling of key index stocks after Monday’s strong rebound, despite the bullish performance in most Asian markets. Sentiment on the local bourse remained wary over issues relating to 1MDB and the potential Fitch Ratings downgrade by end-June. The FBM KLCI was 5.9 points or 0.34% lower at 1,726.86, after moving between 1,726.86 and 1,734.97 throughout the day. Losers led gainers 407 to 395, with 327 counters unchanged. Total volume increased to 1.73 billion units worth RM1.68 billion, from Monday’s 1.54 billion units worth RM1.82 billion. Read more >>

FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia closed higher yesterday with the local benchmark index ended higher on a rebound lifted by heavyweights led by Tenaga. Most Southeast stock markets also rose on Monday amid hopes about Greece’s debt deal after it came out with a last minute proposal to appease creditors. The FBM KLCI was 10.99 points or 0.64% better at 1,732.76, after moving between 1,720.84 and 1,735.90 throughout the day. Gainers led losers by 561 to 238, with 306 counters unchanged. Total volume decreased to 1.54 billion units, worth RM1.82 billion, from Friday’s 1.72 billion units worth RM2.42 billion. Read more >>

FBM KLCI - likely to stay in range-bound consolidation

Stocks on Bursa Malaysia ended last Friday on a bullish note with the benchmark FBM KLCI 3.65 points or 0.21% higher at 1,721.77, after moving between 1,715.83 and 1,726.98 throughout the day, lifted by heavyweights led by Tenaga and finance counters. On a weekly basis, the benchmark index shed 12.6 points or 0.7% from 1,734.37 previously. Gainers led losers by 489 to 299, with 329 counters unchanged. Total volume increased to 1.72 billion units worth RM2.42 billion from Thursday’s 1.45 billion units worth RM1.97 billion. Weekly turnover increased to 7.72 billion units worth RM9.18 billion from 6.36 billion units worth RM7.29 billion previously. Read more >>

FBM KLCI - lower on renewed selling pressure

Stocks on Bursa Malaysia ended lower yesterday in tandem with regional peers, weighed down by selling in selected heavyweights. Southeast Asian stock markets were mostly flat to weaker on profit taking. The FBM KLCI fell 8.74 points or 0.51% to 1,718.12, after moving between 1,714.22 and 1,727.30 throughout the day. Gainers led losers by 380 to 369, with 337 counters unchanged. Total volume declined to 1.45 billion units worth RM1.97 billion from Wednesday’s 1.48 billion units worth RM1.74 billion. Read more >>

FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia closed higher yesterday, lifted by gains in selected finance heavyweight counters, in line with other Southeast Asian stock markets, which mostly gained on Wednesday, as investors awaits the Federal Reserve’s (Fed) view on interest rate later of the day. The FBM KLCI rose 4.62 points or 0.27% to 1,726.86 after moving between 1,721.23 and 1,728.6 throughout the day. Gainers led losers 405 to 342, with 323 counters unchanged. Total volume declined to 1.48 billion units worth RM1.74 billion from Tuesday’s 1.53 billion units worth RM1.53 billion. Read more >>

FBM KLCI - closed flat

Stocks on Bursa Malaysia closed mixed yesterday supported by gains in selected heavyweights. Most Asian shares declined as Greece’s debt talks and the coming two-day Federal Reserve meeting sapped risk appetite. The benchmark FBM KLCI closed almost flat with a marginal gain of 0.08 point to 1,722.24 after hovering between 1,718.44 and 1,726.78 throughout the day. Losers outpaced gainers by 500 to 334, while 297 counters were unchanged. Total volume slipped to 1.53 billion units worth RM1.53 billion from 1.55 billion units worth RM1.52 billion on Monday. Read more >>

FBM KLCI - lower on renewed selling

Stocks on Bursa Malaysia ended lower yesterday due to the lack of fresh catalysts and nagging domestic issues, and unfavourable external developments, tracking the regional peers. The weaker bourse was in tandem with regional markets’ bearish sentiment amid concerns over Greece’s debt repayment talks. At close, the FBM KLCI fell 12.21 points or 0.60% to 1,722.16 after fluctuating between 1,722.16 and 1,734.40 throughout the day. Losers thumped gainers by 777 to 150, with 236 counters unchanged. Total volume contracted to 1.55 billion units worth RM1.52 billion from 1.14 billion units worth RM1.19 billion on Friday. Read more >>

FBM KLCI - likely to stay range-bound consolidation

Stocks on Bursa Malaysia closed lower last Friday with the benchmark FBM KLCI closed 0.39 point or 0.02% lower to 1,734.37, after moving within a narrow range of between 1,732.59 and 1,740.99, with buying interest interspersing with mild profit taking. On a weekly basis, the benchmark index shed 10.96 points or 0.63% from 1,745.33. Decliners outpaced gainers by 442 to 310 with 325 counters unchanged. Total volume contracted to 1.14 billion units worth RM1.19 billion from 1.42 billion units worth RM1.71 billion on Thursday. Weekly turnover declined to 6.36 billion units worth RM7.29 billion from 9.07 billion units worth RM11.63 billion previously. Read more >>

FBM KLCI - marginally lower

Stocks on Bursa Malaysia ended marginally lower yesterday with the benchmark FBM KLCI down 0.87 point or 0.05% to 1,734.76 on selling pressure in telecommunication heavyweights. Losers outpaced gainers by 468 to 290, with 340 counters unchanged. Total volume rose to 1.42 billion units worth RM1.71 billion from 1.22 billion units worth RM1.55 billion yesterday. Read more >>

FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia closed higher yesterday with the market barometer index finished higher despite the bearish overnight performance on Wall Street and mixed regional peers. The benchmark FBM KLCI added 6.58 points or 0.38% to close at 1,735.63 after hovering between 1,730.75 and 1,739.48 throughout the day. Market breadth was, however, negative with decliners outpacing gainers 417 to 357, while 336 counters were unchanged. Total volume shrank to 1.22 billion units worth RM1.55 billion from 1.33 billion units worth RM1.46 billion on Tuesday. Read more >>

FBM KLCI - lower on continued selling pressure

Stocks on Bursa Malaysia ended lower yesterday in another cautious trading day in tandem with most regional peers amid speculation that the Federal Reserve (Fed) will raise interest rates as early as September. Most Asian stock markets sank in a sea of red as recent upbeat US jobs data bolstered expectations of an interest rate increase by the Fed before year-end. The benchmark FBM KLCI eased 10.40 points or 0.6% to close at 1,729.05 after hovering between 1,729.05 and 1,738.76. Losers thumped gainers 605 to 221, while 278 counters were unchanged. Total volume rose to 1.33 billion units worth RM1.46 billion from 1.24 billion units worth RM1.38 billion on Monday. Read more >>

FBM KLCI - lower on rate hike fear

Stocks on Bursa Malaysia finished on an easier note yesterday in cautious trading, in tandem with most regional peers as the upbeat US jobs growth fuels talk of a Federal Reserve (Fed) rate hike. Indices of most Asian stock markets slipped lower, after strong US employment data bolstered expectations of a Fed interest rate hike before year-end. The benchmark FBM KLCI fell 5.88 points, or 0.34% to close at 1,739.45, after hovering between 1,727.01 and 1,741.11 throughout the day. Losers outpaced gainers by 532 to 254 with 308 counters unchanged. Total volume rose to 1.24 billion units worth RM1.38 billion from 1.18 billion units worth RM1.32 billion on last Friday. Read more >>

FBM KLCI - likely to stay range-bound

Stocks on Bursa Malaysia closed mixed last Friday as buying in selected heavyweights helped limit losses. Most Asian markets fell, after Greece held back its debt repayment to the International Monetary Fund (IMF). The benchmark FBM KLCI rose 3.85 points or 0.22% to 1,745.33 after hovering between 1,737.88 and 1,746.28 throughout the day. On a weekly basis, the FBM KLCI shed 2.19 points or 0.12% from 1,747.52 previously. Losers outpaced gainers 413 to 344, while 345 counters were unchanged. Total volume slipped to 1.18 billion units worth RM1.32 billion from 1.36 billion units worth RM1.68 billion on Thursday. Weekly turnover declined to 7.37 billion units worth RM8.94 billion from 9.07 billion units worth RM11.63 billion previously. Read more >>

FBM KLCI - in consolidation

Stocks on Bursa Malaysia closed weaker yesterday, despite bullish performance in most Asian markets, on continued profit taking in most heavyweight blue-chips in line with lower crude oil prices and weaker ringgit ahead of the Organization of Petroleum Exporting Countries (OPEC) meeting today in Vienna, Austria. The FBM KLCI shed 7.69 points or 0.44% to 1,741.48 after hovering between 1,739.92 and 1,749.20 throughout the day. Losers outpaced gainers by 434 to 377 while 320 counters were unchanged. Total volume slipped to 1.36 billion units worth RM1.68 billion from 1.48 billion units worth RM1.99 billion on Wednesday. Read more >>

FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia closed higher yesterday supported by consistent buying activities in selected heavyweights, while regional bourses were traded on a mixed note as investors remained cautious over the economic uncertainty in Greece. The FBM KLCI rose 7.8 points or 0.45% to 1,749.17 after hovering between 1,743.12 and 1,750.68 throughout the day. Gainers outpaced losers by 444 to 358 while 307 counters were unchanged. Total volume slipped to 1.48 billion units worth RM1.99 billion, from 1.73 billion units worth RM2.15 billion recorded on Tuesday. Read more >>

FBM KLCI - in consolidation

Stocks on Bursa Malaysia closed mixed yesterday as last-minute selling in selected heavyweights limited gains. Market sentiment firmed up for the first time in recent days with interest seen in smaller capitalised stocks but CIMB came under some selling pressure and dragged the benchmark FBM KLCI into the negative territory. At close, the FBM KLCI slipped 2.04 points or 0.12% to 1,741.37 after hovering between 1,736.57 and 1,746.49 throughout the day. Gainers outpaced losers by 571 to 262 while 280 counters were unchanged. Total volume rose to 1.73 billion units worth RM2.15 billion, from 1.61 billion units worth RM1.81 billion recorded on Monday. Read more >>

FBM KLCI - sign of rebound

Stocks on Bursa Malaysia closed weaker yesterday on persistent profit taking in selected heavyweight counters amid the mixed performance on regional bourses. Regional markets were mixed due to weaker Chinese factory data, as well as growing concerns over the US’ economic growth. The benchmark FBM KLCI slipped 4.11 points or 0.24% to 1,743.41 after hovering between 1,732.27 and 1,752.08 throughout the day. Losers outpaced gainers by 436 to 378, while 2870 counters were unchanged. Total volume declined to 1.61 billion units, worth RM1.81 billion, from 2.23 billion units, worth RM3.69 billion, recorded on Friday. Read more >>

FBM KLCI - likely to further correct downward

Stocks on Bursa Malaysia ended last Friday on a bearish note on continued selling pressure as losses in heavyweights continue to weigh. The benchmark FBM KLCI fell 8.04 points or 0.46% to 1,747.52 after hovering between 1,746.06 and 1,755.82 throughout the day. On a weekly basis, the FBM KLCI shed 39.98 points or 2.24% from 1,787.50 previously. Losers outpaced gainers by 424 to 370, while 310 counters were unchanged. Total volume rose to 2.23 billion units worth RM3.69 billion from 1.61 billion units worth RM1.9 billion yesterday. Weekly turnover declined to 9.07 billion units worth RM11.63 billion from 10.26 billion units worth RM9.94 billion previously. Read more >>