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KLCI rises 0.35%, poised to cross 1,890-level

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KUALA LUMPUR (April 19): The FBM KLCI rose 0.35% in early trade this morning and looked poised to breach the 1,890-point level in line with teh gains at regional markets. At 9.05am, the FBM KLCI was up 6.56 points to 1,885.88. The early gainers included Kuala Lumpur Kepong Bhd, Allianz Malaysia Bhd, Petronas Dagangan Bhd, Petronas Gas Bhd, Fraser & Neave Holdings Bhd, Petronas Chemicals Group Bhd, Press Metal Aluminium Holdings Bhd and Nestle (M) Bhd. Resource stocks were on a roll in Asia on Thursday as oil prices hitRead More


KLCI tracks regional gains, poised to test 1,900-level

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KUALA LUMPUR (April 18): The FBM KLCI looked poised to test the next resistance level of 1,900 points when it rose this morning, tracking gains at regional markets. At 9.05am, the FBM KLCI rose 3.11 points to 1,883.60. The early gainers included Nestle(M) Bhd, Kuala Lumpur Kepong Bhd, PPB Group Bhd, Petron Malaysia Refining & Marketing Bhd, Hengyuan Refining Company Bhd, Genting Plantations Bhd, ViTrox Corp Bhd, Globetronics Technology Bhd, Lotte Chemical Titan Holding Bhd and Unisem (M) Bhd. Asian shares crept ahead on Wednesday after Wall Street took heartRead More


Bursa Malaysia bucks regional trend to close easier

KUALA LUMPUR: Bursa Malaysia bucked the regional trend to close easier today with the key index snapping its six-day winning streak, weighed by selling in index-linked counters led by MISC, Petronas Chemicals and Astro.

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI), which moved in negative territory throughout the day, settled at 1,868.47, down 5.15 points from yesterday's close of 1,873.62.

The barometer index fluctuated between 1,866.02 and 1,871.13 today.

However, bargain hunting in small and mid-capitalisation stocks helped to soften the downtrend in the stock market with the FTSE Bursa Malaysia Small Cap Index advancing 163.14 points to 15,127.11.

There were 601 gainers and 325 losers, with 387 counters unchanged, 581 untraded and 23 others suspended.

Volume decreased to 2.72 billion units worth RM2.19 billion from 3.27 billion units valued at RM2.34 billion yesterday.

A dealer said risk sentiment in the market returned as the geopolitical and trade war tensions subsided, coupled with the United States' reconsideration to rejoin the 11-member Trans-Pacific Partnership pact.

“These positive external developments were offset by profit-taking following recent gains,” a dealer told Bernama.

Regionally, Singapore's Straits Times Index chalked up 0.97% to 3,502.29, Japan's Nikkei perked 0.55% to 21,778.74, but Hong Kong's Hang Seng Index slipped 0.07% to 30,808.38.

Among heavyweights, Public Bank fell six sen to RM23.98, Tenaga shed two sen to RM15.88, and Petronas Chemicals fell eight sen to RM8.40.

CIMB added one sen to RM7.21 while Maybank was flat at RM10.54.

The biggest loser was Kuala Lumpur Kepong, falling 42 sen to RM25.56, while KESM Industries topped the gainers list, rising 76 sen to RM18.16.

The most actively-traded stock was Sapura Energy which increased 5.5 sen to 74 sen with 258.99 million shares changing hands.

Of the other active stocks, Ucrest rose four sen to 35 sen, Hibiscus improved 5.5 sen to 92 sen, Bio Osmo added one sen to six sen while SKH Consortium was flat at 9.5 sen.

The FBM Emas Index was 6.09 points lower at 13,129.50 and the FBMT 100 Index fell 15.70 points to 12,921.62.

However, the FBM Emas Shariah Index gained 4.20 points to 13,352.70, FBM 70 improved 48.62 points to 15,819.58 and the FBM Ace surged 146.25 points to 5,646.13.

Sector-wise, the Industrial Index gave up 22.56 points to 3,220.98, the Plantation Index eased 11.14 points to 8,054.53, but the Finance Index added 3.52 points to 18,261.84.

Main Market volume declined to 1.61 billion units worth RM2.01 billion from 2.05 billion units valued at RM2.16 billion on Thursday.

Warrants volume slid to 595.02 million units worth RM74.17 million from 778.77 million units valued at RM103.22 million previously.

Volume on the ACE Market, however, expanded to 503.08 million shares worth RM100.67 million from yesterday's 435.32 million shares valued at RM75.89 million.

Consumer products accounted for 124.11 million shares traded on the Main Market, industrial products (386.26 million), construction (86.61 million), trade and services (678.57 million), technology (120.4 million), infrastructure (8.07 million), SPAC (16.38 million), finance (48.68 million), hotels (4.19 million), properties (88.59 million), plantations (43.25 million), mining (51,700), REITs (5.38 million), and closed/fund (2,000). — Bernama


KLCI trends higher, gains seen capped

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KUALA LUMPUR (April 12): The FBM KLCI trended higher this morning but gains are seen capped in line with global markets. At 9.05am, the FBM KLCI rose 3.14 points to 1,873.03. The early gainers included Fraser & Neave Holdings Bhd, Heineken Malaysia Bhd, Axiata Group Bhd, Tenaga Nasional Bhd, Globetronics Technology Bhd, Kuala Lumpur Kepong Bhd and MMS Ventures Holdings Bhd. Asian stocks came under pressure on Thursday as the threat of imminent U.S. military action in Syria rattled investors and sent oil prices to their highest levels since lateRead More


KLCI rises 0.58%, crosses 1,840-level as Petronas stocks lift

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KUALA LUMPUR (April 9): The FBM KLCI rose 0.58% at midday break and tested the 1,850-point level in the morning session today, lifted by gains including at index-linked Petronas counters. At 12.30pm, the FBM KLCI rose 10.69 points to 1847.70. The index had earlier risen to its intra-morning high of 1,850.01. Gainers led losers by 410 to 179, while 543 counters traded unchanged. Volume was 1.17 billion shares, valued at RM796.74 million. The top gainers included Petronas Dagangan Bhd, Hengyuan Refining Company Bhd, Dutch Lady Milk Industries Bhd, Petron MalaysiaRead More


KLCI edges higher, poised to end 1Q2018 on positive note

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KUALA LUMPUR (March 30): The FBM KLCI looked poised to end the first quarter of 2018 on a positive note as it edged higher in early trade today. At 9.05am, the FBM KLCI rose 2.21 points to 1,858.56. The gainers included Nestle (M) Bhd, British American Tobacco (M) Bhd, Lotte Chemical Titan Holding Bhd, Yinson Holding Bhd, G3 Global Bhd, Kuala Lumpur Kepong Bhd, Hong Leong Bank Bhd and Petronas Gas Bhd. JF Apex Securities Research in a market preview said US markets rallied overnight following sharp rebounds in technologyRead More


Positive on EU’s removal of duties on biosdiesel import from Indonesia

KUCHING: Analysts view the European Union’s (EU) removal of duties on biodiesel import from Indonesia as positive for crude palm oil (CPO) prices. According to Reuters, the EU has removed duties on biodiesel imports for 13 Argentine and Indonesian producers following the end of legal proceedings at the European Court of Justice (ECJ), an EU […]


Regional jitters limit local gains

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KUALA LUMPUR (March 19): The FBM KLCI gave up some of its gains at mid-morning today, in line with the jittery regional markets. At 10am, the FBM KLCI was up 2.10 points to 1,848.49. The index had earlier risen to a high of 1,848.61. Losers led gainers by 317 to 206, while 303 counters traded unchanged. Volume was 519.85 million shares valued at RM183.97 million. The gainers included Kuala Lumpur Kepong Bhd, Magni-Tech Industries Bhd, Fraser & Neave Holdings Bhd, Can-One Bhd, Scientex Bhd, Lotte Chemical Titan Holding Bhd, Brahim’sRead More


KLCI dips 0.27% as key heavyweights drag

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KUALA LUMPUR (March 16): The FBM KLCI extended its losses in early today as key heavyweights dragged the local index lower, tracking regional markets. At 9.05am, the FBM KLCI fell 4.99 points to 1,840.28. The early losers included Petronas Dagangan Bhd, Petronas Gas Bhd, Malayan Banking Bhd, Carlsberg Brewery Malaysia Bhd, Bursa Malaysia Bhd, Press Metal Aluminium Holdings Bhd, Petronas Chemicals Group Bhd, Kuala Lumpur Kepong Bhd, Tenaga Nasional Bhd and Public Bank Bhd. Asian stocks were on the defensive on Friday as worries over the U.S. investigation into theRead More


Stocks in Focus (13-2-2018)

KUALA LUMPUR (Feb 12): Based on corporate announcements and news flow today, companies that may be in focus on Tuesday (Feb 13) may include: CSC…