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KL shares end lower on bearish sentiment

KUALA LUMPUR: Bursa Malaysia closed lower today on bearish sentiment amid the weaker regional markets.

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) decreased 2.58 points to 1,738.01 against Wednesday's close of 1,740.59.

The index opened 2.19 points lower at 1,738.40 and moved between 1,735.07 and 1,740.83 throughout the day.

A dealer said Asian stocks were broadly lower as the US Federal Reserve's report hinted at more rate hikes ahead.

Japan's Nikkei 225 edged down 0.80% to 22,658.16, China's Shanghai Composite Index decreased 2.94% to 2,486.42 and Hong Kong's Hang Seng eased 0.03% to 25,454.55.

Among Bursa Malaysia's heavyweights, Maybank added one sen to RM9.60 and Public Bank gained four sen to RM25.02.

TNB declined two sen to RM14.58 and Petronas Chemicals eased one sen to RM9.34 while CIMB was flat at RM6.03.

As for actives, Borneo Oil and Sapura Energy slipped half-a-sen each to five sen and 34.5 sen respectively, MRCB declined two sen to 77.5 sen and Tiger Synergy lost one sen to 5.5 sen.

Lion Industries added 2.5 sen to 80 sen.

Market breadth was negative with losers leading gainers 472 to 338, with 371 counters unchanged, 728 untraded and 51 others suspended.

Volume was lower at 2.0 billion units valued at RM2.02 billion from Wednesday's 2.02 billion units valued at RM2.08 billion.

The FBM Emas Index fell 17.44 points to 12,031.24, the FBM Emas Syariah Index slid 30.79 points to 12,040.09 and the FBMT 100 Index decreased 16.59 points to 11,854.99.

The FBM Ace Index jumped 40.11 points to 5,096.97 but the FBM 70 erased 15.63 points to 13,896.77.

Sector-wise, the Plantation Index was 39.11 points lower at 7,386.89 while the Industrial Products and Services Index added 0.24 of-a-point to 173.16 and the Financial Services Index increased 7.31 points to 17,582.97.

Main Market volume shrank to 1.44 billion shares worth RM1.9 billion from Wednesday's 1.62 billion shares worth RM1.98 billion.

Warrants turnover rose to 342.56 million units valued at RM73.69 million from yesterday's 205.37 million units valued at RM27.64 million.

Volume on the ACE Market decreased to 201.01 million shares worth RM51.59 million from 294 million shares worth RM63.67 million previously.

Consumer products and services accounted for 158.31 million shares traded on the Main Market, industrial products and services (380.31 million), construction (116.69 million), technology (135.88 million), SPAC (1.68 million), financial services (44.27 million), property (230.71 million), plantations (30.35 million), REITs (2.51 million), closed/fund (3,500), energy (245.26 million), healthcare (19.37 million), telecommunication and media (29.23 million), transportation and logistics (11.32 million) and utilities (42.48 million).

The physical price of gold as at 5pm stood at RM158.09 per gramme, down 28 sen from RM158.37 at 5pm yesterday. — Bernama


KL shares open lower on technical correction

KUALA LUMPUR, Oct 18 — Bursa Malaysia opened lower today on a technical correction and amid concerns over rising US interest rates and global trade tensions. At 9.15am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.49 of a point lower at…


KL shares end higher in sync with regional stocks

KUALA LUMPUR, Oct 17 — Bursa Malaysia closed higher today, tracking gains on the regional markets ahead of the mid-term review of the 11th Malaysia Plan (11MP), which will be tabled in Parliament tomorrow. The benchmark FTSE Bursa Malaysia KLCI…


Public Bank’s Teh named BrandLaureate Man of the Year 2018

PETALING JAYA: Public Bank Bhd founder and chairman Tan Sri Datuk Seri Dr Teh Hong Piow has been awarded ‘The BrandLaureate Hall of Fame – Lifetime Achievement Award 2018 – Man of the Year by the Asia Pacific Brands Foundation (APBF).

APBF president Dr KK Johan presented the award to Teh at a ceremony held in Singapore on Oct 16.

This latest personal-to-holder award is in recognition of Teh’s conviction, determination, passion and resilience in building the Public Bank Brand to a coveted position, the bank said in a statement.

At the same ceremony, Public Bank was also the recipient of The BrandLaureate Brand of the Year Award 2018 for having fulfilled the selection criterion of brand strategy, brand culture, brand innovation, brand loyalty, brand communication and brand leadership.

To date, Public Bank has amassed more than 580 corporate awards of excellence and distinction, while Teh has accumulated 40 personal-to-holder awards of lifetime achievements and exemplary leadership.


Bursa continues firmer at mid-morning

KUALA LUMPUR, Oct 17 — Bursa Malaysia continued to trade higher at mid-morning today on bullish sentiment following a strong performance on Wall Street, dealers said. At 11am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.35 points to…


Wall St rebound lifts Bursa at opening

KUALA LUMPUR, Oct 17 — Bursa Malaysia opened higher today, lifted by the overnight rebound on Wall Street, dealers said. At 9.15am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 3.01 points higher at 1,739.85 from 1,736.84 yesterday. The…


Wall Street rebound lifts Bursa Malaysia at opening

KUALA LUMPUR: Bursa Malaysia opened higher today, lifted by the overnight rebound on Wall Street, dealers said.

At 9.15 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 3.01 points higher at 1,739.85 from 1,736.84 on Tuesday.

The index opened 4.69 points stronger at 1,741.53.

A dealer said Wall Street's S&P 500, Nasdaq Composite and Dow Jones Industrial Average all registered their biggest one-day gains since late March and would help improve the trading mood on the local market.

“Immediate overhead resistance for the FBM KLCI remains at 1,742 while immediate support stays at 1,697,” he said.

Among heavyweights, Maybank added one sen to RM9.56 and Petronas Chemicals gained two sen to RM9.42.

Public Bank lost four sen to RM24.94 and CIMB eased two sen to RM6.01, while TNB was flat at RM14.62.

For actives, Vortex and Nova MSC eased half-a-sen each to nine sen and 16.5 sen, while XOX was flat at 5.5 sen.

Barakah Offshore decreased 1.5 sen to 11 sen and Nextgreen slipped one sen to 48.5 sen.

The FBM Emas Shariah Index advanced 36.54 points to 12,060.51, the FBM Ace Index improved 47.09 points to 5,039.48 and the FBM 70 perked 69.119 points to 13,931.06.

The FBM Emas Index edged up 32.76 points to 12,041.71 and the FBMT 100 Index bagged 29.41 points to 11,871.37.

Sector-wise, the Plantation Index lost 23.35 points to 7,377.61, but the Financial Services Index improved 29.521 points to 17,618.96, and the Industrial Products and Services Index was slightly higher by 0.56 of-a-point to 172.77.

Gainers led losers 288 to 69, with 142 unchanged, 1,898 untraded and 27 suspended.

Volume stood at 241.63 million units valued at RM117.17 million. — Bernama

Gold futures contracts on Bursa Malaysia Derivatives were untraded in the early session today.

At 9.42 am, spot month October 2018, November 2018, December 2018 and January 2019 were all unchanged at RM164.40, RM164.40, RM165 and RM165.10 a gramme respectively.

Volume was nil, while open interest amounted to 32 contracts.

At 9.30 am, the price of physical gold was down 59 sen to RM158.05 per gramme. — Bernama


Continued selling pushes down Bursa at opening

KUALA LUMPUR, Oct 16 — Bursa Malaysia opened lower today on continued selling momentum, while tracking the weaker performance of Wall Street. At 9.15am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.48 of a point lower at 1,728.26 from…


KL shares open lower on continued selling momentum

KUALA LUMPUR: Bursa Malaysia opened lower today on continued selling momentum, while tracking the weaker performance of Wall Street.

At 9.15 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.48 of a point lower at 1,728.26 from 1,728.74 on Monday and after opening 0.57 point weaker at 1,728.17.

A dealer said a late burst of selling left US equity indices lower despite market participants struggling to put last week's extreme volatility behind them.

“The underlying mood of nervousness made so-called safe haven assets such as the yen, Swiss franc and gold more attractive,” he said.

Among heavyweights, Maybank and Public Bank lost six sen each to RM9.52 and RM24.92 respectively, and Petronas Chemicals declined four sen to RM9.36.

TNB added six sen to RM14.64 and CIMB gained one sen to RM5.94.

For actives, Focus Dynamics and Nova MSC improved half-a-sen each to 16 sen and 16.5 sen respectively and Yong Tai added three sen to 65.5 sen.

Globaltec and Priceworth were flat at four sen each.

The FBM Emas Shariah Index advanced 7.71 points to 11,986.68, the FBM Ace Index accelerated 117.07 points to 4,986.44 and the FBM 70 perked 18.631 points to 13,856.44.

The FBM Emas Index edged down 0.54 of a point to 11,963.84, but the FBMT 100 Index bagged 1.15 points to 11,795.9.

Sector-wise, the Plantation Index inched-up 0.61 of a point to 7,388.06, but the Financial Services Index declined 43.619 points to 17,468.32 and the Industrial Products and Services Index was slightly lower by 0.22 of a point to 171.78.

Gainers led losers 145 to 115, with 151 unchanged, 1,487 untraded and 27 suspended.

Volume stood at 113.23 million units valued at RM53.16 million.

The physical price of gold as at 9.30am stood at RM158.56 per gramme, down 39 sen from RM158.95 at 5.00 pm yesterday. — Bernama


Bursa Malaysia closes lower on lack of follow-through buying

KUALA LUMPUR, Oct 15 — Bursa Malaysia closed lower today on lack of follow-through buying despite a promising start, dealers said. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased two points to 1,728.74 against Friday’s close of 1,730.74….