FBM KLCI - marginally higher on technical rebound

Stocks on Bursa Malaysia ended almost flat yesterday after a flurry of last-minute selling erased some of earlier gains as traders took the opportunity to sell their stocks when the market was up after seven straight days of losses. The FBM KLCI inched up 0.93 point or 0.05% to 1,699.92 after fluctuating between 1,695.66 and 1,706.26 throughout the day. Losers outpaced gainers by 401 to 383 with 354 counters unchanged. Total volume rose to 1.61 billion units valued at RM1.58 billion from 1.36 billion units worth RM1.73 billion on Wednesday. Read more >>

FBM KLCI - in consolidation

Stocks on Bursa Malaysia ended slightly lower yesterday in lacklustre trading amid the absence of clear market drivers and as foreign funds continued to reduce their shareholdings in Malaysian equities. The market was trading sideways throughout the day, dampened by resurgence in concerns over weak global and China’s economic growth. The FBM KLCI slipped 0.71 point or 0.04% to 1,698.98, after fluctuating between 1,696.72 and 1,702.36 throughout the day. Gainers beat losers by 444 to 371 with 313 counters unchanged. Total volume fell to 1.36 billion units valued at RM1.73 billion from 2.14 billion units valued at RM2.25 billion on Tuesday. Read more >>

FBM KLCI - lower on continued selling pressure

Stocks on Bursa Malaysia closed lower yesterday with the benchmark FBM KLCI falling 10.06 points or 0.59% to end the day at the lowest point of 1,699.70. The index fell in the afternoon after Prime Minister Najib Abdul Razak announced a cabinet reshuffle, in which he removed Muhyiddin Yassin as the deputy prime minister and replaced him with Ahmad Zahid Hamidi. Losers thumped gainers by 726 to 197 with 251 counters unchanged. Total volume fell to 2.14 billion units valued at RM2.25 billion from 2.22 billion units valued at RM1.8 billion. Read more >>

FBM KLCI - lower in line with weak regional performance

Stocks on Bursa Malaysia closed lower yesterday on continued losses in selected index-linked companies, in line with the weaker regional performances. China saw its shares down by 8% amid renewed fears about the country’s economic outlook, influenced by the unprecedented government intervention in early July. The ringgit dropped to its 17-year low of 3.811 against the US dollar. The FBM KLCI fell 11 points, or 0.64%, to 1,709.76, after fluctuating between 1,709.76 and 1,718.60 throughout the day. Losers outnumbered gainers by 609 to 290 with 266 counters unchanged. Total volume rose to 2.22 billion units valued at RM1.8 billion from 1.74 billion units valued at RM1.5 billion. Read more >>

FBM KLCI - likely to stay range-bound with a bearish bias

Stocks on Bursa Malaysia closed slightly lower last Friday amid a sluggish performance in line with the poor performance on regional markets. The lack of domestic catalyst had led the trading volume to decline, as most retail investors preferred to remain on the sidelines. The FBM KLCI ended at 1,720.76, down 1.68 points, or 0.10%, after fluctuating between 1,712.49 and 1,721.45 throughout the day. On a weekly basis, the benchmark index was down 5.97 points or 0.34% from previous week’s 1,726.73. Gainers led losers by 423 to 416 with 305 counters unchanged. Total volume slipped to 1.74 billion units valued at RM1.5 billion from Thursday’s 1.76 billion units valued at RM1.68 billion. Weekly turnover rose to 8.35 billion units worth RM7.93 billion from last week’s 5.13 billion units worth RM5.87 billion. Read more >>

FBM KLCI - lower on profit taking

Stocks on Bursa Malaysia ended lower yesterday on late selling on selected heavyweights. The local stock market has been trading sideways this week on lack of market drivers amid the absence of positive local leads. The FBM KLCI finished 7.09 points or 0.41% lower at 1,722.44, after fluctuating between 1,722.44 and 1,731.18 throughout the day. Gainers outnumbered losers by 491 to 317 with 320 counters unchanged. Total volume rose to 1.76 billion units valued at RM1.68 billion from Wednesday’s 1.66 billion units valued at RM1.68 billion. Read more >>

FBM KLCI - lower in line with regional weakness

Stocks on Bursa Malaysia closed lower yesterday in line with the bearish regional stock market sentiment following a weaker overnight Wall Street performance after a lacklustre US corporate earnings report including from technology giants Apple Inc. and Microsoft. The FBM KLCI ended 6.66 points or 0.7% lower at 1,729.53, after fluctuating between 1,725.52 and 1,732.54 throughout the day. Losers edged gainers by 409 to 403 with 301 counters unchanged. Total volume stood at 1.66 billion units valued at RM1.68 billion against 1.66 billion units valued at RM1.51 billion on Tuesday. Read more >>

FBM KLCI - higher on rebound

Stocks on Bursa Malaysia ended higher yesterday, lifted by renewed buying support and gains in selected heavyweights, especially in the finance and trade and services sectors. This was in sync with most Asian bourses which were modestly higher after an encouraging US earnings report boosted sentiment. The FBM KLCI rose 12.06 points or 0.69% to close at 1,736.19, after fluctuating between 1,722.61 and 1,736.19 throughout the day. Gainers led losers by 556 to 261 with 287 counters unchanged. Total volume increased to 1.66 billion units valued at RM1.51 billion from 1.52 billion units valued at RM1.55 billion on Monday. Read more >>

FBM KLCI - lower on profit taking

Stocks on Bursa Malaysia ended on a subdued note yesterday on lack of fresh leads as most players were away on Hari Raya holidays. The local market was dragged down by losses in heavyweights which affected market sentiment. At close, the FBM KLCI stood at 1,724.13, down 2.60 points, or 0.15%, after fluctuating between 1,720.02 and 1,735.75 throughout the day. Gainers led losers by 452 to 319 with 321 counters unchanged. Total volume rose to 1.52 billion units valued at RM1.55 billion from 841.03 million units valued at RM1.03 billion on last Thursday. Read more >>

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

Stocks on Bursa Malaysia ended mixed on last Thursday for a half-day trading session with the benchmark index marginally lower on lack of catalyst and ahead of the long weekend. At close, the FBM KLCI finished at 1,726.73, down 0.53 of-a-point, after fluctuating between 1,720.7 and 1,727.5. On a weekly basis, the benchmark index gained 11.15 points from previous Friday’s 1,715.58. Losers edged gainers by 330 to 314 with 269 counters unchanged. Total volume fell to 841.03 million units valued at RM1.03 million from 1.31 billion units valued at RM1.70 billion, on Wednesday. Weekly turnover fell to 5.13 billion units worth RM5.87 billion from previous Friday’s 8.73 billion units worth RM8.89 billion. Read more >>

FBM KLCI - higher on last minute push up

Stocks on Bursa Malaysia closed mixed yesterday with the benchmark index ended higher on last minute buying support for heavyweights amid cautious sentiments. The FBM KLCI finished at 1,727.26, the intra-day high level, up 6.16 points, or 0.36%, after touching an intraday low of 1,722.13. Gainers led losers by 376 to 353 with 341 counters unchanged. Total volume fell to 1.31 billion units valued at RM1.7 billion, from 1.48 billion units valued at RM1.69 billion on Tuesday. Read more >>

FBM KLCI - higher amid profit taking

Stocks on Bursa Malaysia closed broadly higher yesterday, beating the regional trend with the benchmark index ended higher prompted by active buying momentum for heavyweights, despite regional market turning lower amid the uncertainty in Greece's conditional bailout agreement. The FBM KLCI finished at 1,721.10, up 4.99 points, or 0.29%, after moving between 1,720.06 and 1,727.07 throughout the day. Gainers outperformed losers by 477 to 287 with 326 counters unchanged. Total volume reduced slightly to 1.48 billion units valued at RM1.69 billion from 1.49 million units valued at RM1.45 billion, recorded on Monday. Read more >>

FBM KLCI - marginally higher

Stocks on Bursa Malaysia closed mixed yesterday with the benchmark index reversing its earlier trend to close marginally higher on last-minute buying support for heavyweights. Sentiment turned positive after euro zone leaders agreed to a deal that would pave for negotiations for a third bailout for Greece, in which the deal will allow Greece to stay in euro zone and avoid bankruptcy, but it will have to undertake reforms and privatise assets worth about 50 billion euro (RM211.18 billion). The FBM KLCI finished at 1,716.11, up 0.53 point, or 0.03%, after moving between 1,707 and 1,718.39 throughout the day. Losers edged gainers by 359 to 357, while 322 counters were unchanged. Total volume fell to 1.49 million units valued at RM1.45 billion from 1.67 billion units valued at RM1.66 billion, recorded on last Friday. Read more >>

FBM KLCI - likely to move range-bound

Stocks on Bursa Malaysia ended last Friday higher following continued buying interest amid profit taking ahead of the weekend. The FBM KLCI finished at 1,715.58, up 14.04 points, or 0.83% after moving between 1,698.26 and 1,720.82 throughout the day. On a weekly basis, the benchmark index fell 18.66 points from previous Friday’s 1,734.24. Gainers beat losers by 537 to 283 with 298 counters unchanged. Total volume fell to RM1.67 billion units valued at RM1.66 billion from 1.82 billion units valued at RM1.83 billion on Thursday. Weekly turnover rose to 8.73 billion units worth RM8.89 billion, from 8.27 billion units worth RM9.37 billion traded previously. Read more >>

FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia rebounded to close higher yesterday after opening lower, driven by domestic buying for selected heavyweights, especially in the finance and telecommunication sectors. The benchmark FBM KLCI finished at 1,701.54, up 5.71 points, or 0.34%, after moving between 1,685.03 and 1,704.88 throughout the day. Gainers beat losers by 557 to 271, while 287 counters were unchanged. Total volume fell to 1.82 billion units valued at RM1.83 billion from 1.99 billion units valued at RM2.25 billion on Wednesday. Read more >>

FBM KLCI - lower on bearish sentiment

Stocks on Bursa Malaysia closed lower yesterday on continued foreign fund selling on political concerns amid weaker crude oil prices, market sentiment also dampened by the fallout from the panic in the China stock market where the key indices fell up to 6.75% and spilled over to Hong Kong. The FBM KLCI was down 16.47 points or 0.96% to 1,695.83, after moving between 1,693.35 and 1,706.7 throughout the day. Losers thumped gainers by 827 to 117 with 215 counters unchanged. Total volume rose to 1.99 billion units valued at RM2.25 billion from yesterday’s 1.69 billion units valued at RM1.72 billion. Read more >>

FBM KLCI - in consolidation

Stocks on Bursa Malaysia closed lower yesterday for a second day after Monday’s selloff, in tandem with regional peers, triggering talks of an overdone selloff in risk assets after Greece’s rejection of austerity. The FBM KLCI ended yesterday at 1,712.3, down 4.75 points, or 0.28%, after moving between 1,708.64 and 1,718.03 throughout the day. Losers thumped gainers by 465 to 315 with 300 counters unchanged. Total volume rose to 1.69 billion units valued at RM1.72 billion from 1.54 billion units valued at RM1.41 billion on Monday. Read more >>

FBM KLCI - lower on bearish sentiment

Stocks on Bursa Malaysia ended lower yesterday in tandem with regional peers after Greeks voted not to accept bailout conditions set by creditors. Ringgit Malaysia also fell to a 16 year low of 3.8056 against the US dollar, the weakest in 16 years. The Ringgit was pegged at 3.80 to a US dollar in 1998 during the Asian Financial Crisis and was unpegged in July 2005. The FBM KLCI was down 17.19 points, or 0.99%, to 1,717.05, after moving between 1,706.60 and 1,728.43 throughout the day. Losers thumped gainers by 646 to 158 with 249 counters unchanged. Total volume rose to 1.54 billion units valued at RM1.41 billion from 1.45 billion units worth RM1.39 billion on Friday. Read more >>

FBM KLCI - likely to move range-bound

Stocks on Bursa Malaysia closed broadly lower last Friday with last-minute buying on selected blue-chips which pushed the benchmark index into the positive territory at close. Market sentiments were cautious as the recent sharp gain was just a temporary relief, as two other major catalysts were still keeping investors jittery and on the sidelines, namely Greece’s exit from the Eurozone and the three-day US FOMC meeting beginning today, July 6, which may decide on raising interest rates. At close, the FBM KLCI finished at 1,734.24, up 0.36 point, or 0.02%, after moving between 1,724.50 and 1,738.09 throughout the day. On a weekly basis, the key index gained 23.77 points from 1,710.47 previously. Losers thumped gainers by 459 to 259, while 298 counters were unchanged. Total volume eased to 1.45 billion units worth RM1.39 billion from Thursday’s 1.46 billion units valued at RM1.85 billion. Weekly turnover rose to 8.27 billion units worth RM9.37 billion from 7.35 billion units worth RM8.19 billion previously. Read more >>

FBM KLCI - higher on follow through buying

Stocks on Bursa Malaysia ended higher yesterday on better sentiment due to the Fitch Ratings’ decision to upgrade the country’s credit rating from negative to stable. However, the market was still nervous over the Greece’s debt crisis which was unlikely to be resolved before Sunday’s referendum. The FBM KLCI finished at 1,733.88, up by 5.92 points, or 0.34%, after moving between 1,728.43 and 1,738.67 throughout the day. Gainers thumped losers by 388 to 351, with 334 counters unchanged. Total volume dropped to 1.46 billion units worth RM1.85 billion from Wednesday’s 1.94 billion units worth RM2.17 billion. Read more >>

FBM KLCI - higher in response to Fitch's positive rating

Stocks on Bursa Malaysia closed on a firm note in buoyant trading yesterday with the benchmark index surging higher as the market reacted positively to the “stable” outlook status accorded by Fitch Ratings on the Malaysian economy. The US-based ratings agency affirmed Malaysia’s long-term foreign currency rating at “A-” and revised upwards its outlook to “stable” from “negative”. At close, the FBM KLCI stood at 1,727.96, up by 21.32 points, or 1.25%, after moving between 1,709.77 and 1,737.67 throughout the day. Market breadth was positive with gainers thumping losers by 678 to 192, with 251 counters unchanged. Total volume firmed to 1.94 billion units worth RM2.17 billion from Tuesday’s 1.75 billion units worth RM2.25 billion. Read more >>

FBM KLCI - rebounded on window dressing

Stocks on Bursa Malaysia ended higher yesterday on technical rebound after Monday’s steep decline, bolstered by gains in consumer and key finance counters on mid-year window dressing, in line with most regional bourses. At close, the benchmark FBM KLCI was up 14.72 points or 0.87% to 1,706.64 but year-to-date, it is down 3.1% and the second worst performer after Jakarta’s Composite Index which fell 6.05% since January. Market breadth was positive with gainers thumping losers by 495 to 309, while 309 counters were unchanged. Total volume increased to 1.75 billion units worth RM2.25 billion from Monday’s 1.67 billion units worth RM1.71 billion. Read more >>