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Monday, November 30, 2020

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



Stocks on Bursa Malaysia ended mixed on Friday with the benchmark FBMKLCI easing from its 11-month high, as profit-taking emerged to close marginally lower after going through volatile trading driven by local and global economic developments, Read more >>

Friday, November 27, 2020

FBM KLCI - higher above 1,600 after Budget 2021 was approved by Parliament


Stocks on Bursa Malaysia ended higher yesterday with the benchmark FBMKLCI closing above the 1,600-point level after news reports indicated that Parliament had approved the Malaysian government's proposed Budget 2021 Read more >>

Thursday, November 26, 2020

FBM KLCI - higher on bullish sentiment spill over from Wall Street overnight


Stocks on Bursa Malaysia ended on a higher note yesterday with the benchmark FBMKLCI erasing prior day’s losses amid better global equity and futures markets performances, buoyed by the overnight record closing on Wall Street Read more >>

Wednesday, November 25, 2020

FBM KLCI - slid on Covid-19 resurgence and Budget 2021 voting pressure


Stocks on Bursa Malaysia ended lower across the board yesterday with the benchmark FBMKLCI closing at the lowest point of the day, while the number of Bursa Malaysia decliners rose sharply to above 1,000 as the surge in the country’s new Covid-19 cases to a record high weighed on investor sentiment. Read more >>

Tuesday, November 24, 2020

FBM KLCI - higher amid cautious mood as Budget voting day approaches


Stocks on Bursa Malaysia ended yesterday on a mixed note with the benchmark FBMKLCI closing slightly higher to trail the Bursa Malaysia’s Energy index’s 5.55% gain as the Brent crude oil price rose past the US$45 Read more >>

Monday, November 23, 2020

FBM KLCI - likely to move sideways range-bound amid cautious mode



Stocks on Bursa Malaysia ended higher with the benchmark FBMKLCI recouping early losses to end the week higher last Friday, snapping two straight days of losses, Read more >>

Friday, November 20, 2020

FBM KLCI - ended at intraday low on selling pressure


Stocks on Bursa Malaysia ended lower yesterday for the second consecutive day as persistent selling pressure in most heavyweight counters sent the benchmark FBMKLCI ending at an intra-day low, amid mostly weaker sentiments in the regional stock markets. Read more >>

Thursday, November 19, 2020

FBM KLCI - lower on profit-taking correction as the index stayed overbought


Stocks on Bursa Malaysia ended lower yesterday with the benchmark FBMKLCI retreating to close lower as local institutional investors took profit following two days of strong gains but managed to recoup some of its earlier losses, supported by mild buying Read more >>

Wednesday, November 18, 2020

FBM KLCI - closed above 1,600 as uptrend continues


Stocks on Bursa Malaysia ended mixed yesterday with the benchmark FBMKLCI continued its uptrend to close higher for the second consecutive day, supported by persistent buying in selected heavyweights due to optimism on the bullish economic outlook. Read more >>

Tuesday, November 17, 2020

FBM KLCI - higher on bullish sentiment on recovery play


Stocks on Bursa Malaysia ended higher yesterday with the benchmark FBMKLCI closing at a fraction below the 1,600-point psychological resistance level, on strong bargain hunting on blue chips as investors continued shifting to recovery play, Read more >>

Monday, November 16, 2020

FBM KLCI - likely to rise higher on bargain-hunting



Stocks on Bursa Malaysia ended higher on Friday with the benchmark FBMKLCI reversed its earlier gains to end slightly lower despite the announcement of a better-than-expected third-quarter (Q3) Gross Domestic Product (GDP) performance Read more >>

Friday, November 13, 2020

FBM KLCI - rebounded to close higher on increasing volume


Stocks on Bursa Malaysia extended its earlier gains to close broadly higher yesterday, with the benchmark FBMKLCI reversing its prior day’s losses to rise higher despite the mixed performance of its regional peers, Read more >>

Thursday, November 12, 2020

FBM KLCI - lower on profit-taking as Pfizer vaccine optimism fades


Stocks on Bursa Malaysia ended mixed yesterday with the benchmark FBMKLCI closed lower, in tandem with most regional peers, dragged down by selling in index-linked counters but the market bellwether managed to stay well above the key 1,500-point level and as market optimism about the progress of a COVID-19 vaccine faded, Read more >>

Wednesday, November 11, 2020

FBM KLCI - surged higher in tandem with global markets on vaccine news


Stocks on Bursa Malaysia ended higher yesterday with the benchmark FBMKLCI surging 3.33% or 50.75 points to an over two-month high of 1,575.07 — the biggest single-day gain since March 20 when the benchmark jumped 6.85%, in tandem with the positive sentiment boosted by rising hope that a Covid-19 vaccine Read more >>

Tuesday, November 10, 2020

FBM KLCI - higher in line with regional peers as global stocks cheer Biden win


Stocks on Bursa Malaysia ended higher yesterday with the benchmark FBMKLCI recouped earlier losses to close the day on a firmer note, thanks to late buying support for index-linked counters, in line with global stock indices as US President-elect Joe Biden's election victory supported global stock market sentiment with growing hopes for the country’s economic recovery. Read more >>

Monday, November 9, 2020

FBM KLCI - likely to continue its uptrend on market optimism



Stocks on Bursa Malaysia ended higher last Friday with the benchmark FBMKLCI finishing at its intraday high, making it the third consecutive day of gains, as investors’ optimism was uplifted by the Budget 2021 announcement Read more >>

Friday, November 6, 2020

FBM KLCI - closed at intraday high and above 1,500 on bullish sentiment


Stocks on Bursa Malaysia ended higher across the board yesterday with the benchmark FBMKLCI ended at its intraday high breaching the key 1,500-point level, Read more >>

Thursday, November 5, 2020

FBM KLCI - higher on technical rebound as investors weigh BNM rate decision


Stocks on Bursa Malaysia had continued its upbeat momentum to finish higher yesterday with the benchmark FBMKLCI snapping its four-day losing streaks as investors weighed Bank Negara Malaysia’s (BNM) latest interest rate decision Read more >>

Wednesday, November 4, 2020

FBM KLCI - lower on continued selling after BNM rate decision and ahead of US presidential election


Stocks on Bursa Malaysia ended mixed yesterday with the benchmark FBMKLCI reversed its gains earlier to end lower due to continued selling in selected transportation, logistic as well as consumer counters, Read more >>

Tuesday, November 3, 2020

FBM KLCI - rebounded to end slightly lower ahead of BNM rate decision and US presidential election


Stocks on Bursa Malaysia ended slightly lower yesterday after rallying late in the day to offset earlier losses, supported by buying in selected heavyweights led by the plantation, healthcare and financial counters, Read more >>

Monday, November 2, 2020

FBM KLCI - likely to slide lower amid political uncertainties locally and overseas




Stocks on Bursa Malaysia suffered a sharp drop across the board on Friday as investors recalibrated their portfolio pending the tabling of the 2021 Budget on coming Friday, as well as calls for fresh elections to be held Read more >>