nestle

 
 

Market remains bearish

The FBM KLCI rebounded in the earlier part of the week but pulled back to settle almost unchanged in a week. Markets performances globally were bearish last week led by the US market. Furthermore, the ringgit got weaker towards the end of last week. However, the index was supported by telecommunication companies. The benchmark FBM […]


Bursa Malaysia stays in red at mid-afternoon

KUALA LUMPUR, Nov 30 ― Bursa Malaysia stayed in the red territory at mid-afternoon, on persistent profit-taking in most index-linked counters, dealers said. At 3.00pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 2.06 points weaker at…


Bursa opens higher to extend rally

KUALA LUMPUR, Nov 30 — Bursa Malaysia extended its gains yesterday to open higher today on continued bargain hunting in most index-linked counters led by Public Bank, dealers said. At 9.03am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was…


Bursa Malaysia ends marginally higher in volatile trading

KUALA LUMPUR: Bursa Malaysia closed marginally higher in volatile trading today, on continued buying momentum in selected heavyweights, mainly in finance-linked stocks led by Maybank, dealers said.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.09% or 1.58 points firmer at 1,686.55 from Tuesday’s close of 1,684.97 after opening 0.83 of-a-point higher at 1,685.80.

The FBM KLCI’s movement was flat at the 1,684-level for five minutes during the last 15 minutes of trading, before rising to 1,686.55 and thereafter remained stagnant for the last 10 minutes until the trading session ended.

The index moved between 1,678.48 and 1,688.71 throughout the trading session.

On the broader market, losers edged gainers 405 to 401, while 373 counters were unchanged, 735 untraded and 73 others suspended.

Volume shrank to 1.66 billion units valued at RM2.11 billion from 2.17 billion units worth RM2.61 billion on Tuesday.

Rakuten Trade Sdn Bhd Head of Research Kenny Yee said investors sentiment had improved following the higher overnight close on Wall Street with the Dow Jones Industrial Average gaining 108.5 points to 24,748.73 as well as the rebound in crude oil prices.

“The local stock market was also tracking its regional peers which mostly turned green as well,“ he told Bernama.

Besides that, Yee said that investors were also hoping that the meeting between US President Donald Trump and China’s Xi Jinping later this week during the Group of 20 summit in Buenos Aires would result in a good deal.

Among heavyweights, Maybank added three sen to RM9.43, Public Bank rose eight sen to RM24.88, CIMB climbed five sen to RM5.75 and Hong Leong Bank improved two sen to RM20.68.

Tenaga, which is among the top losers, erased 46 sen to RM14.26 while Petronas Chemicals eased one sen to RM9.26.

Of actives, Genting Malaysia and Tatt Giap were both flat at RM3.00 and 23 sen respectively, while Sanichi fell half-a-sen to 16.5 sen.

Top loser, Petronas Dagangan shed 64 sen to RM26.46 and KESM declined 28 sen to RM8.22.

As for top gainers, Nestle bagged RM1.70 sen to RM146.20, BAT added RM1.10 to RM37.70 and IHH Healthcare rose 33 sen to RM5.25.

The FBM Emas Index was up 13.95 points to 11,686.42, the FBMT 100 Index climbed 15.55 points to 11,548.27 and the FBM 70 rose 36.69 points to 13,709.57.

The FBM Ace Index was 6.33 points lower at 4,889.17 and the FBM Emas Shariah Index declined 24.32 points to 11,719.30.

Sector-wise, the Financial Services Index was 62.82 points higher at 17,386.18, but the Industrial Products and Services Index slipped 0.04 of-a-point to 171.65 and the Plantation Index dipped 50.32 points to 6,946.08.

Main Market volume fell to 1.11 billion shares worth RM1.98 billion from 1.43 billion shares worth RM2.47 billion on Tuesday.

Warrants turnover dwindled to 341.71 million units valued at RM80.45 million versus 450.53 million units valued at RM92.81 million previously.

Volume on the ACE Market decreased to 206.78 million shares worth RM46.35 million compared with 293.00 million shares worth RM45.71 million on Tuesday.

Consumer products and services accounted for 262.39 million shares traded on the Main Market, industrial products and services (235.30 million), construction (83.31 million), technology (115.97 million), SPAC (6,300), financial services (36.80 million), property (59.19 million), plantations (36.73 million), REITs (4.90 million), closed/fund (nil), energy (156.92 million), healthcare (33.59 million), telecommunication and media (41.17 million), transportation and logistics (18.26 million), and utilities (30.22 million). — Bernama


Bursa ends higher amid volatile trading

KUALA LUMPUR, Nov 28 — Bursa Malaysia closed marginally higher in volatile trading today, on continued buying momentum in selected heavyweights, mainly in finance-linked stocks led by Maybank, dealers said.   At 5pm, the FTSE…


Bursa into the black at mid-day

KUALA LUMPUR, Nov 28 — Bursa Malaysia ended the morning session today marginally higher in volatile trading, prompted by buying interest in selected heavyweights, including Public Bank, IHH Healthcare and Nestle. At 12.30 pm, the FTSE Bursa…


Bursa sinks deeper into the red at mid-afternoon

KUALA LUMPUR, Nov 27 — Bursa Malaysia remained easier at mid-afternoon on lack of buying interest as most investors continued to stay on the sidelines, dealers said. At 3.01pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 15.51 points…


Bursa remains lower at mid-day

KUALA LUMPUR, Nov 22 — Bursa Malaysia remained lower at mid-day today on continued selling in selected heavyweights and blue chips such as Maybank, Sime Darby and Nestle. At lunch break, the benchmark index stood at 1,693.56, down 1.81 points…


FBM KLCI market found support

The market extended its bearish momentum early last week but rebounded as market confidence returned after strong rebounds in the regional market. However, the rebound was weakened by weaker ringgit and crude palm oil price falling to its lowest level in three years. The FBM KLCI fell 0.3 per cent in a week to close […]


There is ‘No good Brexit’ for UK automotive parts boss

CANNOCK, UNITED KINGDOM: ‘There is no good Brexit!’ insists Greg McDonald, chief executive of Goodfish Group, a UK-based company making plastic components for the country’s key car sector. The small company, nestled in the Midlands not far from Birmingham, the UK’s second largest city, sells one third of its products to mainland Europe, with weekly shipments […]