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 - 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 - 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 - 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 - 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 >>

FBM KLCI - slightly lower on profit taking

Stocks on Bursa Malaysia closed mixed yesterday with the benchmark FBM KLCI ended lower dragged down by selected blue-chips as investors remained pessimistic about Malaysian shares. Bucking the trend of Asian markets that were generally on an uptrend, the FBM KLCI continued its downtrend, as it shed another 3.31 points or 0.19% to close at 1,767.38 points yesterday on the back of rising political undercurrents in the market. While global investors were net purchasers of Asian equity last week, they continued to be net sellers of Malaysian equity. However, market breadth was slightly positive with gainers outpacing losers by 485 to 318, while 331 counters were unchanged. Total volume slipped to 1.56 billion units worth RM1.91 billion from 1.85 billion units worth RM1.9 billion on Monday. Read more >>

FBM KLCI - lower on selling pressure

Stocks on Bursa Malaysia closed lower yesterday with the benchmark FBM KLCI ended 20.12 points or 1.13% lower, weighed down by losses in heavyweights as market sentiment took a hit on worries Tenaga Nasional may buy 1MDB’s power assets at lofty prices. Adding to the woes of the local market was in the afternoon session on news about the fall in European equities, tracking Friday's losses on Wall Street, on growing worries about Greece. At close, the FBM KLCI stood at 1,767.38 points, after hovering between 1,764.63 and 1,787.64 throughout the day. Market breadth was negative with losers outpacing gainers by 808 to 129, while 224 counters were unchanged. Total volume rose to 1.85 billion units worth RM1.9 billion from 1.59 billion units worth RM1.94 billion recorded last Friday. Read more >>