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Late buying interests push Bursa M’sia to end on firm note

KUALA LUMPUR: Late buying interests in selected heavyweights, industrial product and consumer counters, pushed Bursa Malaysia to end at an intra-day high today, in line with most of the Asian bourses, dealers said.

At 5 pm, the benchmark FTSE Bursa Malaysia KLCI finished at 1,828.83, up 7.23 points from yesterday's close of 1,821.60. It opened 1.79 points higher at 1,823.39.

The market barometer had at one time moved to a low of 1,821.68.

Overall, the market breadth was bullish as gainers outnumbered losers by 518 to 446, while 425 counters were unchanged, 471 untraded and 35 others suspended.

Turnover, however, slipped to 3.83 billion units valued at RM3.19 billion from Thursday's 4.60 billion units valued at RM3.29 billion.

Hengyuan Refining and Petron Malaysia topped the gainers' list, rising RM2.30 and RM1.92 each to end at RM14.30 and RM13.20, respectively.

TNB and Petronas Gas climbed 22 sen and 88 sen each to RM15.82 and RM18.20, respectively, contributing 5.30 points towards the gain of the Composite Index.

A dealer said most of Asian markets were up, benefitting from China's gross domestic product growth in 2017 for the first time in seven years and was above expectation.

Of the other heavyweights, Maybank added one sen to RM9.87, Public Bank went up two sen to RM20.90 and CIMB Group was three sen higher at RM6.83.

Petronas Chemicals slipped seven sen to RM8.10.

Among actives, UMW O&G rose two sen to 36.5 sen, Sumatec advanced one sen to 10.5 sen and Sapura Energy and Sino Hua-An climbed eight sen each to 84 sen and 55 sen, respectively.

The FBM Emas Index perked 55.72 points to 13,195.82, FBMT 100 Index went up 55.82 points to 12,860.60 and the FBM Emas Shariah Index was 60.09 points better at 13,627.46.

The FBM 70 improved 88.24 points to 16,472.37 and the FBM Ace increased 29.86 points to 6,73.12.

Sector-wise, the Finance Index bagged 46.92 points to 17,236.98 and the Industrial Index added 55.37 points to 3,368.02.

The Plantation Index eased 31.18 points to 8,037.87.

The Main Market volume fell to 2.59 billion units worth RM2.96 billion from 2.87 billion units worth RM3.01 billion on Thursday.

Volume on the ACE Market narrowed to 597.76 million shares valued at RM109.16 million from yesterday's 1.25 billion shares valued at RM194.32 million.

Warrants' volume increased to 638.59 million units worth RM124.69 million from 468.18 million units worth RM67.54 million previously.

Consumer products accounted for 179.64 million shares traded on the Main Market, industrial products (574.19 million), construction (111.68 million), trade and services (1.50 billion), technology (80.01 million), infrastructure (11.58 million), SPAC (741,000), finance (60.41 million), hotels (923,700), properties (83.33 million), plantations (35.39 million), mining (1.58 million), REITs (9.06 million), and closed/fund (9,000).

The physical price of gold as at 5.00pm stood at RM163.59/g, up 13 sen from RM163.46 at 5.00pm yesterday. — Bernama


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KUALA LUMPUR, Jan 18 — Bursa Malaysia ended lower today, hurt by continued selling pressure in heavyweights and industrial product counters, amid mixed sentiment in Asian bourses, dealers said. At 5pm, the benchmark FTSE Bursa Malaysia…


Bursa Malaysia lower on selling pressure in heavyweights, industrial counters

KUALA LUMPUR: Bursa Malaysia ended lower today, hurt by continued selling pressure in heavyweights and industrial product counters, amid mixed sentiment in Asian bourses, dealers said.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI finished at 1,821.60, down 7.03 points from yesterday's close of 1,828.63. It opened 2.61 points higher at 1,831.24.

The market barometer moved between 1,821.21 and 1,831.32 throughout the day.

Overall, the market breadth was bearish as losers outnumbered gainers by 764 to 274, while 372 counters were unchanged, 422 untraded and 32 others suspended.

Turnover slipped to 4.60 billion units valued at RM3.29 billion, from Wednesday's 4.97 billion units valued at RM2.79 billion.

Hengyuan Refining and Petron Malaysia topped the losers' list, declining RM1.80 and 86 sen each to RM12 and RM11.28, respectively.

TNB, Petronas Gas and Genting Malaysia fell 22 sen, 62 sen and 21 sen each to RM15.60, RM17.32 and RM5.36, respectively, contributing 6.60 points towards the loss of the Composite Index.

A dealer said the local benchmark index was down due to the European Union's approval of the draft measures to ban the use of palm oil, a major import from Southeast Asia, in motor fuels from 2021.

He said most Asian bourses were mixed as investors were digesting a series of data released by China today, including gross domestic product, which grew 6.9% last year, higher than estimated target of 6.5%.

Of the other heavyweights, Maybank shed two sen to to RM9.86, CIMB Group rose three sen to RM6.80 while Public Bank and Petronas Chemicals were flat at RM20.88 and RM8.17, respectively.

Among the actives, UMW O&G erased four sen to 34.5 sen, Sumatec eased half-a-sen to 9.5 sen, PUC reduced 1.5 sen to 28.5 sen and Sapura Energy retreated five sen to 76 sen.

The FBM Emas Index contracted 51.63 points to 13,140.10, FBMT 100 Index went down 43.59 points to 12,804.78 and the FBM Emas Shariah Index 51.4 points was weaker at 13,567.37.

The FBM 70 dipped 36.16 points to 16,384.13 and the FBM Ace dropped 122.92 points to 6,683.26.

Sector-wise, the Finance Index slipped 56.14 points to 17,190.06, Industrial Index shed 125.70 points to 3,312.65 and the Plantation Index eased 6.18 points to 8,069.05.

Main Market volume was almost unchanged at 2.87 billion units worth RM3.01 billion from 2.87 billion units worth RM2.55 billion from Wednesday.

Volume on the ACE Market narrowed to 1.25 billion shares valued at RM194.32 million from yesterday's 1.67 billion shares valued at RM173.29 million.

Warrants' volume increased to 468.18 million units worth RM72.76 million from 425.21 million units worth RM67.54 million previously.

Consumer products accounted for 132.18 million shares traded on the Main Market, industrial products (601.82 million), construction (114.10 million), trade and services (1.68 billion), technology (96.67 million), infrastructure (5.11 million), SPAC (4.63 million), finance (69.44 million), hotels (160,300), properties (99.91 million), plantations (54.98 million), mining (767,500), REITs (7.83 million), and closed/fund (7,100). — Bernama


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