FBM KLCI - higher on continued buying momentum

Stocks on Bursa Malaysia closed broadly higher yesterday in sync with regional peers as selected heavyweights helped the local benchmark index to maintain above the 1,800-point level. The FBMKLCI rose by 8.03 points or 0.44% to close at 1,824.17 points after moving between 1,815.88 and 1,824.2 throughout the day. Market breadth was positive as gainers thumped losers by 494 to 314, while 302 counters were unchanged. Volume rose to 2.71 billion shares worth RM2.34 billion from 1.94 billion shares worth RM1.87 billion on Monday. ...Read more>>

FBM KLCI - in consolidation mode

Stocks on Bursa Malaysia closed mixed yesterday amid renewed concerns that the United States Federal Reserve (Fed) will scale back its stimulus package ahead of schedule. The FBMKLCI ended 0.27 point or 0.01% lower at 1,804.21, after hovering between 1,802.77 and 1,806.23 throughout the day. Gainers led losers by 429 to 367 with 340 unchanged. Total volume stood at 2.191 billion shares worth RM1.836 billion compared with 1.924 billion shares worth RM1.902 billion on Friday. ...Read more>>

FBM KLCI - sign of bottom reversal

Stocks on Bursa Malaysia closed slightly higher yesterday on mild buying interest despite a weaker external environment, as a weaker US dollar – dampened by the partial US government shutdown – helped push up regional markets. The benchmark FBM KLCI rose 0.41 point or 0.02% to settle at 1,769.03 after hovering between 1,759.66 and 1,770.34 throughout the day. Advancers led decliners by 372 to 361, with 327 counters unchanged. Turnover fell to 1.77 billion shares worth RM1.62 billion from 1.85 billion shares worth RM2.38 billion recorded on Monday. ...Read more>>

FBM KLCI - lower in line with regional weakness

Stocks on Bursa Malaysia closed lower yesterday due to the extended sell-off in heavyweights. Sentiment in most regional market were subdued as the latest round of US debt ceiling battle raged on in the US. Regionally, Japan's Nikkei 225 was higher by 1.22% to 14,799.12, Hong Kong's Hang Seng eased 0.36% to 23,125.03 and China's Shanghai Composite lost 1.94% to 2,155.81. The benchmark FBM KLCI fell 9.9 points or 0.55% to end at its intra-day low of 1,774.16. Losers led gainers by 404 to 327, with 297 counters unchanged. Turnover fell to 2.14 billion shares, worth RM1.87 billion, from 2.21 billion shares, worth RM2.05 billion, recorded on Wednesday. ...Read more>>

FBM KLCI - in consolidation mode

Stocks on Bursa Malaysia ended on a positive note yesterday on consistent buying support. On the regional market, the sentiments were mixed with Hong Kong's Hang Seng added 161.52 points to 22,597.97, Japan's Nikkei rose 75.43 points to 14,064.82 and Singapore's Straits Times Index increased 33.32 points to 3,039.94. The FBM KLCI gained 4.21 points or 0.25% to close at 1,720.97 after moving between 1,718.56 and 1,723.69 throughout the day. Gainers trounced losers by 462 to 212, with 330 counters unchanged. Turnover stood at 1.59 billion shares worth RM1.66 billion against Wednesday's 1.47 billion shares worth RM1.81 billion. ...Read more>>

FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia closed higher yesterday, lifted by interests in the oil and gas counters, especially Petronas-linked companies. The market also took the cue from the better performances of regional bourses after the release last week of upbeat data from China which showed banks extended US$114 billion in new loans for July, beating the US$103.4 billion economists forecast. The FBM KLCI rose 5.25 points to end at 1,784.57 after moving between 1,777.87 and 1,786.2 throughout the day. Gainers led losers by 494 to 309, with 279 counters unchanged. Total turnover firmed to 1.59 billion shares worth RM1.7 billion from 981.02 million shares worth RM1.04 billion last Wednesday. ...Read more>>

FBM KLCI - likely to consolidate with a downward bias

Stocks on Bursa Malaysia closed lower last Wednesday on the lack of buying momentum ahead of an extended Hari Raya Aidilfitri holiday, dampened by weak regional tone as two more United States Federal Reserve (Fed) officials hinted on potential for reduction in stimulus this year, sparked by stronger-than-expected US economic data. Bursa Malaysia was closed for the Wednesday afternoon session through last Friday. The FBM KLCI fell 5.32 points or 0.3% to end at 1,779.32 after moving between 1,776.99 and 1,784.76 throughout the trading session. On a Friday-to-Wednesday basis, the key index lost 3.19 points from previous Friday's 1,782.51. Market breadth was positive with gainers led losers by 344 to 269, and 309 counters were unchanged. Total half day volume eased to 981.03 million shares worth RM1.05 billion from the 1.28 billion shares valued at RM1.64 billion on Tuesday. Average daily traded volume and value decreased to 1.28 billion shares and RM1.42 billion, compared with 1.59 billion shares and RM2.17 billion the previous week. ... Read more>>

FBM KLCI - higher on continued rebound

Stocks on Bursa Malaysia extended gains towards the closing bell on continued buying interest ahead of the Hari Raya holidays. The FBM KLCI rose 2.63 points or 0.15% to end at 1,785.14 after moving between 1,781.61 and 1,788.93 throughout the day. Gainers led losers by 402 to 346, with 268 counters unchanged. Market volume jumped to 1.589 billion shares worth RM1.565 billion from 1.229 billion shares valued at RM1.844 billion Friday. ...Read more>>

FBM KLCI - in consolidation

Stocks on Bursa Malaysia finished on a lower note yesterday, with losses mostly seen in finance and banking stocks led by CIMB and Maybank, as local blue-chips were stuck in recent tight confines as institutional investors displayed caution and reluctance to make bold bets ahead of US Federal Reserve (Fed) decisions and important statement by Fed chairman Ben Bernanke tonight. The FBM KLCI ended 3.7 points or 0.21% lower at 1,795.08 after moving between 1,792.77 and 1,800.20 throughout the day. Market breadth was negative with losers led gainers by 436 to 299, while 323 were unchanged. Total volume traded was higher at 2.145 billion shares valued at RM2.072 billion from 1.205 billion shares worth RM1.734 billion on Monday. ...Read more>>

FBM KLCI - lower on continued profit-taking

Stocks on Bursa Malaysia closed lower yesterday on weak buying momentum amid external volatility. Japan's Nikkei 225 fell 3.3 percent to 13,661.13 in the face on strong yen and flat earnings, as the strengthening of the yen against the US dollar was 'threatening' one of policy measures in Abenomics to address the Japan's macroeconomic problems. The FBM KLCI fell by 8.83 points or 0.49% to close at 1,798.78 after hovering between 1,808.66 and 1,797.88. Market breadth was negative, with 214 gainers against 583 losers, while 267 were unchanged. Turnover stood at 1.20 billion shares worth RM1.73 billion versus last Friday's 1.11 billion shares worth RM1.62 billion. ...Read more>>