FBM KLCI - higher on follow through rebound

Stocks on Bursa Malaysia ended higher for the second consecutive day yesterday lifted by gains on selected heavyweights. The local market received a boost from the stimulus measures in China after recovering from Monday’s global selloff. Read more >>

FBM KLCI - bullish technical rebound

Stocks on Bursa Malaysia finished on a firmer note yesterday helped by gains in heavyweights. The firmer bourse was in line with most Asian markets, which rose on bargain hunting in oversold blue chips, as well stock buyback by some of the companies. On the local front, the government announced the set-up of a special economic committee to ensure the country will maintain its economic growth momentum. The FBM KLCI was 31.8 points or 2.08% better at 1,563.64, after moving between 1,503.68 and 1,568.42 throughout the day. Losers outpaced gainers by 487 to 381 with 335 counters unchanged. Total volume rose to 2.78 billion units valued at RM2.76 billion from 2.58 billion units at RM2.5 billion on Monday. Read more >>

FBM KLCI - downside breakout

Stocks on Bursa Malaysia closed lower yesterday as heavy selling across the board particularly in heavyweight counters dragged the benchmark index to close sharply lower. The local bourse traded lower for the whole trading session, triggered by the steep fall in the Dow Jones, which fell 3.1% last Friday, and exacerbated by lingering domestic concerns, and also tracked the sharp fall in regional peers on the back of battered sentiment in Chinese shares, coupled with the weaker ringgit. The FBM KLCI fell 42.53 points, or 2.7%, to close at the day’s low of 1,532.14, after fluctuating between 1,532.14 and 1,554.08 throughout the day. Losers overwhelmed gainers by 941 to 100 with 155 counters unchanged. Total volume rose to 2.58 billion units valued at RM2.49 billion from 1.79 billion units at RM2.13 billion on last Friday. Read more >>

FBM KLCI - likely to extend downtrend

Stocks on Bursa Malaysia ended last Friday on a negative note weighed by last-minute selling in selected index-linked stocks led by Petronas Chemicals. Market sentiments remained fragile as Asian stock markets tumbled further on mounting concerns over China’s slowing economy, sparking jitters across global markets. Meanwhile, uncertainties surrounding the timing of the Federal Reserve’s interest rate hike, as well as lower commodities prices also continued to dominate sentiments. At close, the benchmark FBM KLCI stood at 1,574.67 points, down by 2.74 points, or 0.17%, after hovering between 1,557.01 and 1,583.38 throughout the day. On a weekly basis, the FBM KLCI fell 22.15 points from previous Friday’s 1,596.82. Losers led gainers by 470 to 330 with 326 counters unchanged. Total volume was unchanged at 1.79 billion units, valued at RM2.13 billion compared with RM1.77 billion on Thursday. Weekly turnover fell to 9.79 billion units, worth RM9.74 billion, from last week’s 10.26 billion units worth RM10.76 billion. Read more >>

FBM KLCI - lower in line with regional weakness

Stocks on Bursa Malaysia ended lower yesterday with the benchmark FBM KLCI 5.03 points or 0.32% easier on profit taking on selected blue-chips. Market sentiment continues to be plagued by the weakening ringgit against the US dollar, slowdown in China's economy, weakening of oil prices and nagging domestic concerns. At close, the FBM KLCI stood at 1,577.41 points, after hovering between 1,562.11 and 1,579.66 throughout the day. Losers led gainers by 448 to 360 with 305 counters remained unchanged. Total volume fell to 1.79 billion units valued at RM1.77 billion from 1.89 billion units valued at RM1.78 billion on Wednesday. Read more >>

FBM KLCI - higher amid profit taking

Stocks on Bursa Malaysia finished higher for the second day yesterday on bargain hunting in Genting stocks and trade and services heavyweights. The local bourse stayed on a positive note throughout the trading session despite fragile investor sentiments over fear the rebound could be short-lived. Meanwhile, Asian equities were mostly lower as investors were wary over China’s economic stability following the early steep fall of its shares. The FBM KLCI was 2.84 points or 0.18% better at 1,582.44, after moving between 1,562.88 and 1,584.05 throughout the day. Gainers led losers by 557 to 259 with 298 counters unchanged. Total volume fell to 1.89 billion units valued at RM1.78 billion from 2.25 billion units valued at RM2.11 billion on Tuesday. Read more >>

FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia staged an oversold rebound yesterday, led by finance stocks despite the weak performance of regional bourses. Asian equities were mostly lower, weighed down by the slump in Chinese equities, weakening emerging market currencies, lower oil prices and the deadly Bangkok bombing. The FBM KLCI was 7.06 points or 0.45% better at 1,579.60, after moving between 1,562.88 and 1,584.05 throughout the day. Gainers led losers by 409 to 407 with 360 counters unchanged. Total volume rose to 2.25 billion units valued at RM2.11 billion from 2.06 billion units valued at RM1.95 billion on Monday. Read more>>

FBM KLCI - lower on continued selling pressure

Stocks on Bursa Malaysia ended lower yesterday on heavy selling across the board particularly of blue chips. The local bourse remained bearish with sentiment continuing to be plagued by the weakening ringgit against the greenback, slowdown in China’s economy, devaluation of the Chinese yuan, weakening of oil prices, and nagging domestic concerns. Asian equities were mostly lower, weighed down by the possibility of China allowing the yuan to depreciate further. The FBM KLCI fell 24.28 points or 1.52% to 1,572.54 after hovering between 1,569.19 and 1,594.46 throughout the day. Losers trounced gainers by 836 to 149 with 215 counters unchanged. Total volume rose to 2.06 billion units valued at RM1.95 billion from 2.01 billion units valued at RM2.2 billion last Friday. Read more >>

FBM KLCI - likely to extend downtrend

Stocks on Bursa Malaysia ended lower last Friday on continued sell down by foreign funds on the back of volatility in the Chinese yuan, falling oil prices, and the softer ringgit. China’s devaluation of the yuan continued to impact regional markets and currencies coupled with the fall in commodity prices, the local bourse failed to defend its crucial psychological level of 1,600 points. The FBM KLCI fell 24.8 points to close at 1,596.82, after fluctuating between 1,590.57 and 1,626.90 throughout the day. On a weekly basis, the benchmark index fell 85.83 points from 1,682.85 on extensive selling. Losers trounced gainers by 782 to 148, while 249 counters were unchanged. Weekly turnover rose to 10.26 billion units worth RM10.76 billion from previous week’s 7.38 billion units worth RM7.99 billion. Read more >>

FBM KLCI - higher on oversold rebound

Stocks on Bursa Malaysia snapped its losing streak to end higher yesterday on technical rebound following the release of positive second quarter 2015 gross domestic product (GDP) figures. The second quarter GDP growth of 4.9% was better than market expectation of 4.5%. The FBM KLCI finished at 1,621.62, up 11.69 points, or 0.73%, after fluctuating between 1,605.46 and 1,626.86 throughout the day. The rebound was led by gains in the finance counters. Gainers outpaced losers by 714 to 217 with 252 counters unchanged. Total volume fell to 1.86 billion units valued at RM2.21 billion from 2.49 billion units valued at RM2.29 billion on Wednesday. Read more >>

FBM KLCI - lower in line with regional

Stocks on Bursa Malaysia closed lower across the board yesterday as the ringgit fell past the 4.000 level to the US dollar on continued foreign selling after China devalued its currency. This marks the weakest the ringgit has seen since 1998, making the current rate of RM4.0275 to the US dollar a 17-year low. China's move had routed Asian share markets and currencies. The FBM KLCI fell 26.78 points or 1.64% to 1,609.93 after hitting an intra-day low of 1,603.26. Losers led gainers by 973 to 96 with 165 counters unchanged. Total volume rose to 2.49 billion units valued at RM2.29 billion from Tuesday’s 1.99 billion units valued at RM2.07 billion. Read more >>

FBM KLCI - lower on continued selling pressure

Stocks on Bursa Malaysia closed lower yesterday on the back of the weakening ringgit and tracking the regional peers after China’s central bank devalued its yuan by 2%. Asian shares erased earlier gains following positive lead from Wall Street’s overnight rally as investors weighed China’s surprise move to allow its currency to fall against the US dollar to boost export. At close, the FBM KLCI fell 17.66 points or 1.07% to 1,636.71 after moving between 1,635.77 and 1,661.62 throughout the day. Losers led gainers by 529 to 290 with 346 counters unchanged. Total volume rose to 1.99 billion units valued at RM2.07 billion from Monday’s 1.91 billion units valued at RM1.99 billion. Read more >>

FBM KLCI - lower on heavy selling pressure

Stocks on Bursa Malaysia closed lower across the board yesterday on persistent selling pressure, particularly in heavyweight counters, dragged the benchmark index to close sharply lower as investors pulled funds amid concern about the political scandal enveloping Prime Minister Najib Abdul Razak and the worsening economic outlook. External factors such as the Chinese economic slowdown, prospects of the Federal Reserve’s interest rate hike in September and bearish commodities prices also worsen the sentiments. The FBM KLCI fell 28.28 points or 1.68% to close at 1,654.37, after fluctuating between 1,649.12 and 1,672.57 throughout the day. Decliners overwhelmed advancers by 923 to 94 with 174 counters unchanged. Total volume rose to 1.91 billion units valued at RM1.99 billion from 1.86 billion units valued at RM1.79 billion on Friday. Read more >>

FBM KLCI - likely to continue its downtrend

Stocks on Bursa Malaysia ended lower last Friday on continued sell down by foreign funds as concerns over the weaker ringgit against the US dollar and declining oil prices continued to weigh down the benchmark index. Ay close, the FBM KLCI fell 11.99 points, or 0.7%, to 1,682.65 after fluctuating between 1,677.22 and 1,695.18 throughout the day. On a weekly basis, the benchmark index fell 40.49 points from previous Friday’s 1,723.14. Decliners outnumbered gainers by 722 to 187 with 257 counters unchanged. Total volume rose to 1.86 billion units valued at RM1.79 billion from 1.65 billion units valued at RM2.02 billion on Thursday. Weekly turnover declined to 7.38 billion units worth RM7.99 billion from last week’s 9.01 billion units worth RM9.36 billion. Read more >>

FBM KLCI - lower on heavy selling pressure

Stocks on Bursa Malaysia ended lower yesterday on major sell down by foreign investors, fueled by the weakening ringgit which fell to a new 17-year low, in being quoted at 3.9005/9035 against the greenback at close yesterday. The FBM KLCI fell 30.92 points, or 1.79%, to 1,694.64, after fluctuating between 1,694.64 and 1,722.3 throughout the day. Decliners outnumbered gainers by 686 to 283 with 283 counters unchanged. Total volume rose to 1.65 billion units valued at RM2.02 billion from 1.22 billion units valued at RM1.39 billion on Wednesday. Read more >>

FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia ended marginally higher yesterday prompted by gains in small cap stocks. The rise was in-line with the positive quarterly results being reported by several companies, and, other regional bourses also broadly rose, in sync with China’s service sector data which climbed to an 11-month high. The FBM KLCI was 1.83 points or 0.11% better at 1,725.56, after fluctuating between 1,723.22 and 1,729.91 throughout the day. Losers led gainers by 388 to 383 with 334 counters unchanged. Total volume eased to 1.22 billion units valued at RM1.39 billion from 1.34 billion units valued at RM1.53 billion registered on Tuesday. Read more >>

FBM KLCI - lower on profit taking

Stocks on Bursa Malaysia ended lower yesterday on profit taking, pressured by some of the same blue chips that lifted the index before the closing bell on Monday. The selling occurred throughout the trading session, prompted by a weaker ringgit and discouraging China stock market performance which led most regional markets to be on negative territory. The ringgit was quoted at 3.8520/8550 against the US dollar at the close yesterday. At close, the FBM KLCI fell 20.46 points, or 1.17%, to 1,723.73 after fluctuating between 1,722.91 and 1,730.81 throughout the day. Losers outnumbered gainers by 549 to 261 with 300 counters unchanged. Total volume rose to 1.34 billion units valued at RM1.53 billion from 1.32 billion units valued at RM1.25 billion on Monday. Read more >>

FBM KLCI - higher on last minute push

Stocks on Bursa Malaysia ended sharply higher yesterday, boosted by strong gains in telco heavyweights on market talk on the introduction of fifth-generation wireless technology, and a last-minute buying of index-linked telco stocks pushed the benchmark index to close at the highest point of the day. Of the telco heavyweights, Axiata soared 48 sen to RM6.85, DiGi rose 10 sen to RM5.50, and Maxis climbed 53 sen to RM7.20. The FBM KLCI rose 21.05 points or 1.22% to close at 1,744.19, after fluctuating between 1,714.82 and 1,744.19 throughout the day. Losers led gainers by 465 to 324 with 333 counters unchanged. Total volume rose to 1.32 billion units valued at RM1.25 billion from 1.68 billion units valued at RM2.01 billion on last Friday. Read more >>

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

Stocks on Malaysia ended higher last Friday on technical rebound following bargain hunting and month end window dressing activity. The stable ringgit following the prime minister’s cabinet reshuffle, Standard & Poor’s reaffirmation on Malaysia’s rating, and a respite in oil price also helped lift the local bourse. The FBM KLCI gained 23.22 points, or 1.37%, to 1,723.14 after fluctuating between 1,701.31 and 1,723.14 throughout the day. On a weekly basis, the key index rose 2.38 points from 1,720.76 on previous Friday. Gainers outpaced losers by 467 to 365 with 315 counters unchanged. Total volume rose to 1.68 billion units valued at RM2.01 billion from Thursday’s 1.61 billion units valued at RM1.58 billion. Weekly turnover rose to 9.01 billion units, worth RM9.36 billion, from last week’s 8.35 billion units worth RM7.93 billion. Read more >>