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Monday, September 30, 2024

FBM KLCI - likely to stay in consolidation with the possibility of a technical rebound



Stocks on Bursa Malaysia ended lower Friday with the benchmark FBMKLCI closed lower on extended profit-taking in selected heavyweight counters amid a mixed regional performance. Read more >>

Friday, September 27, 2024

FBM KLCI - marginally lower on profit-taking, bucking regional trend


Stocks on Bursa Malaysia ended lower yesterday with the benchmark FBMKLCI closed marginally lower on profit-taking after previous strong gains, weighed down by selling pressure on select heavyweight counters, mirroring the performance of US equities overnight, bucking the regional trend. Read more >>

Thursday, September 26, 2024

FBM KLCI - higher on late buying amid weak regional sentiment


Stocks on Bursa Malaysia ended broadly lower yesterday with the benchmark FBMKLCI pared earlier losses to finish higher on late buying after falling into negative territory at midday, amid dampened sentiment in the regional markets stemming from weaker US consumer confidence data. Read more >>

Wednesday, September 25, 2024

FBM KLCI - higher as China’s stimulus measures lift regional sentiment


Stocks on Bursa Malaysia ended higher yesterday with the benchmark FBMKLCI finished higher, driven by a positive Wall Street performance overnight, and after China announced a stimulus package to jumpstart its struggling economy, sparking a rally in regional and global shares. Read more >>

Tuesday, September 24, 2024

FBM KLCI - down on profit-taking in contrast to regional performance


Stocks on Bursa Malaysia ended lower yesterday with the benchmark FBMKLCI finished lower as it has entered into a consolidation mode, following two days of upward moves. Read more >>

Monday, September 23, 2024

FBM KLCI - likely to trend higher on optimism after US outsized rate cut



Stocks on Bursa Malaysia ended higher Friday with the benchmark FBMKLCI paring its earlier gains to finish higher in line with most Asian markets, mirroring gains from Wall Street overnight, where investors welcomed the US Federal Reserve’s (Fed) substantial interest rate cut. Read more >>

Friday, September 20, 2024

FBM KLCI - higher as US interest rate cut lifts regional sentiment


Stocks on Bursa Malaysia ended higher yesterday with the benchmark FBMKLCI finished higher on persistent buying interest as the US Federal Reserve’s (Fed) interest rate cut by half a percentage point lifted regional market sentiment. Read more >>

Thursday, September 19, 2024

FBM KLCI - down on profit-taking amid market uncertainty


Stocks on Bursa Malaysia ended lower yesterday with the benchmark FBMKLCI pared earlier losses to finish lower, but overall market sentiment remained weak as most traders remained on the sidelines ahead of an expected U.S. interest rate cut later of the day. Read more >>

Wednesday, September 18, 2024

FBM KLCI - higher for the second day amid rise in glove counters


Stocks on Bursa Malaysia ended higher yesterday with the benchmark FBMKLCI finished higher for the second day, in line with global shares, as hopes rise for an outsized US interest rate cut. Read more >>

Tuesday, September 17, 2024

FBM KLCI - likely to stay in consolidation with an upward bias amid U.S. rate decison



Stocks on Bursa Malaysia ended higher on Friday with the benchmark FBMKLCI finished on a high note, following a strong overnight performance on Wall Street, backed by investors’ anticipation of the US Federal Reserve’s (Fed) announcement on interest rates on coming Wednesday. Read more >>

Friday, September 13, 2024

FBM KLCI - bucked regional uptrend to end slightly lower


Stocks on Bursa Malaysia ended mixed yesterday with the benchmark FBMKLCI bucked a mainly positive regional trend at the close, dipping slightly into the red and erasing earlier gains on late selling in selected counters, led by financial stocks. Read more >>

Thursday, September 12, 2024

FBM KLCI - lower in tandem with heavy selling pressure regionally


Stocks on Bursa Malaysia ended lower across the board yesterday with the benchmark FBMKLCI finished 1.24% lower, mirroring the heavy selling pressure that prevailed throughout the region, amid concerns over the US Federal Reserve’s (Fed) delayed monetary policy easing. Read more >>

Wednesday, September 11, 2024

FBM KLCI - snapped 6-day slide to end higher on improved sentiment


Stocks on Bursa Malaysia ended mixed yesterday with the benchmark FBMKLCI ended its six-day losing streak, driven by bargain-hunting and boosted by positive sentiment across major Asian markets following strong Chinese economic data and gains on Wall Street overnight. Read more >>

Tuesday, September 10, 2024

FBM KLCI - lower in sync with regional peers on US rate cut uncertainty


Stocks on Bursa Malaysia ended lower yesterday with the benchmark FBMKLCI pared earlier gains to finish lower for the sixth consecutive day, reflecting a lack of investor interest influenced by concerns regarding developments in the U.S. and uncertainty about the magnitude of U.S. interest rate cuts. Read more >>

Monday, September 9, 2024

FBM KLCI - likely to stay in consolidation with a downward bias



Stocks on Bursa Malaysia ended lower last Friday with the benchmark FBMKLCI finished lower for the fifth consecutive day, mirroring the cautious mood in global markets ahead of key US jobs data later of the day. Read more >>

Friday, September 6, 2024

FBM KLCI - lower for the fourth consecutive day on broad-based retreat


Stocks on Bursa Malaysia ended lower yesterday with the benchmark FBMKLCI finished lower for the fourth straight day following broad-based selling amid cautious sentiment. Read more >>

Thursday, September 5, 2024

FBM KLCI - lower amid global economic concerns


Stocks on Bursa Malaysia ended lower across the board yesterday with the benchmark FBMKLCI finished lower for the third straight day, tracking an equity rout worldwide after weak US data fuelled fears of a slowdown in global economic growth. Read more >>

Wednesday, September 4, 2024

FBM KLCI - down for the second day on continued profit-taking


Stocks on Bursa Malaysia ended lower yesterday with the benchmark FBMKLCI finished slightly lower as the market was directionless amid a lack of cues from the U.S. markets, which is due to open later after the Labour Day holiday.  Read more >>

Tuesday, September 3, 2024

FBM KLCI - marginally lower on profit-taking


Stocks on Bursa Malaysia ended mixed on the first trading day of September with the benchmark FBMKLCI recouping most of its earlier losses to end marginally lower, lifted by substantial gains in YTL counters and CIMB.  Read more >>

Monday, September 2, 2024

FBM KLCI - likely to extend uptrend as global sentiment improves




Stocks on Bursa Malaysia ended higher on Friday with the benchmark FBMKLCI staged a sharp rebound from Thursday’s loss, bouncing 1.53% amid strong performance in regional markets. Read more >>