public bank

 
 

IMF sees emerging Asia as top global growth engine

BEIJING, April 17 — The IMF said today it remains upbeat about the economic prospects of emerging Asia, labelling the region “the most important engine of global growth” despite concerns over trade disputes and mounting debt. The…


Bursa Malaysia finishes higher

KUALA LUMPUR: Bursa Malaysia finished higher today, supported by buying interests in selected key heavyweights, mainly Petronas-linked stocks.

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) settled at 1,880.49, up 1.73 points from Monday's close of 1,878.76.

The key index, despite weak opening and cautious trading, moved to as high as 1,885.12 in the morning session.

PetGas rose 54 sen RM18.54, PetDag increased 70 sen to RM26.78 and PChem added six sen to RM8.51.

Inter-Pacific Securities Sdn Bhd Head of Research, Pong Teng Siew, said the market was cautious following Bursa Malaysia's introduction of intra-day short selling (IDSS) yesterday as part of the exchange's strategy to boost market liquidity.

“Apart from that, we also see profit-taking in the broader market, including the selling of small-capitalised stocks, as they are heavily involved in the IDSS, hence there are more downs than ups,” he told Bernama.

Pong said overall market sentiment was mixed as traders were concerned over the US-China trade war.

“The trade war between these blocs has worsen with China's telecommunications equipment maker banned from using components made in the US,” he said.

There were 506 losers and 424 gainers, with 394 unchanged and 581 not traded and 27 other suspended.

Volume rose to 3.09 billion units worth RM2.79 billion from 2.68 billion units worth RM2.06 billion yesterday.

Among heavyweights, Maybank gained two sen to RM10.62 and CIMB perked six sen to RM7.30.

Public Bank lost lost six sen to RM23.98. Tenaga was flat at RM15.94.

The most actively-traded stock was SapNRG added half-a-sen to 77 sen with 339.15 million shares transacted, PUC inched up 1.5 sen to 27 sen while UMWOG reduced 1.5 sen to 30 sen.

The FBM Emas Index fell by 25.12 points to 13,157.76 and the FBMT 100 Index lost 22.81 points to 12,955.54.

The FBM Emas Syariah Index plunged 39.20 points to 13,359.95, FBM 70 dropped 146.37 points to 15,693.39 and the FBM Ace declined 39.32 points to 5,534.69.

Sector-wise, the Finance Index added 32.11 points to 18,349.23 and the Industrial Index increased by 12.68 points to 3,241.11. The Plantation Index fell 22.62 points to 8,039.96.

Main Market volume surged to 1.94 billion shares worth RM2.58 billion from 1.65 billion shares worth RM1.88 billion yesterday.

Warrants volume eased to 550.53 million units valued at RM99.51 million from 561.17 million units valued at RM96.55 million on Monday.

Volume on the ACE Market improved to 591.87 million shares worth RM105.27 million from 460.37 million shares worth RM86.34 million previously.

Consumer products accounted for 52.24 million shares traded on the Main Market, industrial products (511.33 million), construction (65.39 million), trade and services (1.01 billion), technology (78.61 million), Infrastructure (30.97 million), SPAC (19.42 million), finance (61.55 million), hotels (7.26 million), properties (61.40 million), plantations (26.93 million), mining (27,000), REITs (11.37 million), and closed/fund (226,300).

The physical price of gold as at 5pm stood at RM162.17 per gramme, down 45 sen from RM162.62 at 5pm yesterday. — Bernama


Bursa ends higher on buying in heavyweights

KUALA LUMPUR, April 17 — Bursa Malaysia finished higher today, supported by buying interests in selected key heavyweights, mainly Petronas-linked stocks. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) settled at 1,880.49, up 1.73 points…


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


KL shares down after weak opening

KUALA LUMPUR, April 13 — Bursa Malaysia opened lower this morning, reversing yesterday’s gains, and dampened by profit taking ahead of the weekend. This, said a dealer, was despite the positive overnight performance of Wall Street. At…


Bursa Malaysia ends mixed, CI rises to almost four-year high

KUALA LUMPUR, April 12 — Bursa Malaysia closed mixed today with the key index rebounded strongly from an earlier downtrend to close at almost four-year high, lifted by late buying interests in selected blue-chips. The benchmark FTSE Bursa…


Bursa ends mixed, CI rises to almost four-year high

KUALA LUMPUR: Bursa Malaysia closed mixed today with the key index rebounded strongly from an earlier downtrend to close at almost four-year high, lifted by late buying interests in selected blue-chips.

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI), after languishing in the negative territory for the better part of the day, finished at 1,873.62, up 3.73 points from yesterday's close of 1,869.89.

On Sept 9, 2014, the index closed at 1,874.12.

The barometer index opened higher this morning but reversed the trend thereafter as the escalating tension over US air strikes against Syria affected trading sentiment.

This resulted in the composite index to record an intra-day low of 1,865.14 in the morning session.

Nevertheless, the oil prices, which rose to their highest levels since late-2014 on concerns over supply coupled with the upbeat US Federal Reserve monetary policy meeting minutes released earlier, helped change the sluggish sentiment, a dealer said.

“With the feel good factor brought in by Chinese trade liberalisation announcement, coupled with this positive news on better US economy prospect the Bursa Malaysia somehow managed to recover the earlier losses,” he told Bernama.

On the local front, he said, the new World Bank’s forecast for Malaysia's 2018 Gross Domestic Product growth at 5.4%, higher than 5.2% projected earlier, helped further boost appetite.

In its East Asia and Pacific Economic Update released today, the bank said the better growth would be backed by sustained high level of private sector expenditure.

“Malaysia’s growth is expected to remain strong in the near term, albeit at a more moderate pace compared to 2017,” it said.

The local bourse also bucked the regional trend, with Singapore's Straits Times Index declining 0.32% to 3,468.61, Hong Kong's Hang Seng Index declined 0.22% to 30,831.28 and Japan's Nikkei lost 0.12% to 21,660.28.

However, there were 579 losers and 343 gainers, with 374 counters were unchanged, 586 untraded and 23 others suspended.

Volume eased to 3.27 billion units worth RM2.34 billion from 4.65 billion units worth RM3.21 billion yesterday.

Among heavyweights, Public Bank rose eight sen to RM24.04, Tenaga gained four sen to RM15.90, while CIMB was flat at RM7.20.

Maybank declined six sen to RM10.54 and Petronas Chemicals eased three sen to RM8.48.

The most actively-traded stock was Sapura Energy, increased four sen to 68.5 sen, following its plan to develop the SK408 gas field off Sarawak with partners – Petronas Carigali and Sarawak Shell Bhd.

Of the other active stocks, Sino Hua-An gained two sen to to 44 sen, Sumatec inched up half-a-sen to seven sen, while UMW O&G and Borneo Oil were flat at 29.5 sen and eight sen respectively.

The FBM Emas Index slipped 2.47 points to 13,135.61, FBM Emas Syariah Index fell 14.77 points to 13,348.5, FBM 70 erased 77.38 points to 15,770.96 and the FBM Ace decreased 57.71 points to 5,499.88.

The FBMT 100 Index, however, gained 2.25 points to 12,937.32.

Sector-wise, the Finance Index improved 19.29 points to 18,258.31, Industrial Index added 8.59 points to 3,243.54 and the Plantation Index garnered 28.82 points to 8,065.67.

Main Market volume decreased to 2.05 billion units worth RM2.16 billion from 2.91 billion units worth RM2.96 billion on Wednesday.

Volume on the ACE Market dropped to 435.32 million shares valued at RM75.89 million from yesterday's 958.25 million shares valued at RM162.22 million.

Warrants' volume was marginally lower at 778.77 million units worth RM103.22 million compared with 778.79 million units worth RM84.58 million previously.

Consumer products accounted for 69.64 million shares traded on the Main Market, industrial products (479.48 million), construction (40.22 million), trade and services (1.12 billion), technology (53.45 million), infrastructure (8.19 million), SPAC (27.15 million), finance (38.59 million), hotels (4.52 million), properties (64.14 million), plantations (23.19 million), mining (71,700), REITs (3.46 million), and closed/fund (9,500).

Bursa Malaysia and its subsidiaries will be closed on May 9, 2018 in conjunction with the 14th General Elections polling day as announced by Prime Minister's Office. Trading will resume on May 10.

The physical price of gold as at 5pm stood at RM162.36 per gramme, up 58 sen from RM161.78 at 5pm yesterday. — Bernama


Bursa Malaysia extends gains at opening

KUALA LUMPUR: Bursa Malaysia extended gains to open firmer this morning on buying support for selected blue-chips, despite the escalating US-Russia geopolitical tensions.

At 9.07am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 3.1 points better at 1,872.99 from yesterday's closing of 1,869.89.

The index opened 2.24 points higher at 1,872.13.

Gainers slightly outnumbered losers 152 to 113, while 172 counters were unchanged, 1,445 untraded and 23 others suspended.

Volume stood at 264.27 million units valued at RM84.4 million.

US President Donald Trump reacted to a Russian threat to shoot down American missiles aimed at Syria by warning Moscow to “get ready” for US strikes.

“Wall Street retreated from gains as the US-Russia war of words over Syria on Wednesday spooked investors, overturning the good sentiment in the market brought by China,” a dealer said, believing sentiment in the local market would be cheering more on China trade liberalisation.

Among heavyweights, Tenaga rose 12 sen to RM15.98, while both Public Bank and CIMB were flat at RM23.96 and RM7.20, respectively.

Maybank eased four sen to RM10.56 and Petronas Chemicals slipped one sen to RM8.50.

For actives, Sapura Energy earned four sen to 68.5 sen, while SKH Consortium, Sumated and UMW O&G inched up half-a-sen each to 10.5 sen, seven sen and 30 sen, respectively.

The FBM Emas Index was 18.7 points higher at 13,156.79, the FBMT 100 Index earned 18.47 points to 12,953.54, the FBM 70 gained 12.47 points to 15,860.71, the FBM Emas Shariah Index improved 41.04 points to 13,404.31, and the FBM Ace added 9.63 points to 5,567.22.

Sector-wise, the Finance Index fell 27.48 points to 18,211.54, the Industrial Index slipped 1.56 points to 3,233.38, but the Plantation Index perked 15.52 points to 8,052.37.

Gold futures contracts on Bursa Malaysia Derivatives were untraded this morning on lack of buying interest.

Spot month April 2018 stood at RM167.35 a gramme, while May 2018, June 2018 and July 2018 all remained at RM167.65 a gramme.

Volume was nil, while open interest amounted to 64 contracts.

At 9.30 am, the price of physical gold was RM1.10 higher at RM162.88 a gramme from RM161.78 a gramme on Wednesday. — Bernama


Bursa extends gains at opening

KUALA LUMPUR, April 12 — Bursa Malaysia extended gains to open firmer this morning on buying support for selected blue-chips, despite the escalating US-Russia geopolitical tensions. At 9.07am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI)…


Stocks in Focus (12-04-2018)

KUALA LUMPUR (April 11): Based on corporate announcements and newsflow today, stocks that could be in focus on Thursday (April 12) may include: Fitters Diversified…