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Bursa nudges up at opening

KUALA LUMPUR, April 19 — The FTSE Bursa Malaysia KLCI (FBM KLCI) is slightly higher at the early session today amid mild buying interest in the heavyweights led by Petronas Chemicals and Maybank. At 9.20am, the benchmark index inched up 0.66…


FBM KLCI higher at early session

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) is slightly higher at the early session today amid mild buying interest in the heavyweights led by Petronas Chemicals and Maybank.

At 9.20am, the benchmark index inched up 0.66 of-a-point to 1,620.39, after opening 0.91 of-a-point to 1,620.64.

On the broader market, gainers outpaced decliners 176 to 82, while 212 counters remained unchanged, 1,438 untraded and 19 others suspended.

Turnover stood at 311.0 million shares worth RM179.04 million.

In a research note today, Maybank Investment Bank said bargain hunting would likely to continue today, particularly in recently beaten down stocks.

“Technically, we expect the FBM KLCI to continue to range between 1,610 and 1,640 today. Downside supports are at 1,615 and 1,600,” it added.

Of the heavyweights, Petronas Chemicals advanced six sen to RM8.99, Maybank gained three sen to RM9.03, CIMB added two sen to RM5.07 and PPB Group jumped 10 sen to RM18.90.

IHH Healthcare and Hong Leong Bank were flat at RM5.48 and RM19.94, respectively, while Public Bank eased six sen to RM22.52, TNB fell two sen to RM12.14 and Maxis went down one sen to RM5.40.

Of the actives, Iskandar Waterfront advanced 7.5 sen to 93.5 sen, Ekovest rose three sen to 62 sen, Sapura Energy and Vsolar Group were flat at 31.5 sen and 15 sen, respectively, while KNM shed one sen to15.5 sen and Seacera shed 1.5 sen to 32 sen.

The FBM Emas Index appreciated 8.72 points to 11,475.84, the FBMT 100 Index went up 7.08 points to 11,305.17 and the FBM Ace Index improved 7.22 points to 4,671.7.

The FBM Emas Syariah Index was 4.01 points higher at 11,685.88, and the FBM 70 expanded 19.24 points to 14,325.37.

Sector-wise, the Plantation Index gave up 2.41 points at 7,216.27, the Financial Services Index rose 25.22 points to 16,709.58, and the Industrial Products and Services Index added 0.33 of-a-point to 168.14.

The physical price of gold as at 9.30am stood at RM164.10 per gramme, down 42 sen from RM164.52 at 5pm yesterday. — Bernama


Bursa Malaysia opens lower in early session

KUALA LUMPUR, April 18 ― Share prices continued their downward momentum on Bursa Malaysia this morning with trading remaining lacklustre.  At 9.15am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 5.48 points easier at 1,615.42, after…


Bursa Malaysia closes broadly lower

KUALA LUMPUR, April 17 — Bursa Malaysia ended broadly lower today led by selling activities mainly in selected heavyweights, amid a lack of catalysts. At the close, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 8.56 points to 1,620.9…


Bursa in early retreat

KUALA LUMPUR, April 17 — Bursa Malaysia was lower at the early session today on lack of catalysts. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 4.40 points to 1,625.06, after opening 2.39 points weaker at 1,627.07. On the broader market,…


Bursa M’sia lower in early session

KUALA LUMPUR: Bursa Malaysia was lower at the early session today on lack of catalysts.

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 4.40 points to 1,625.06, after opening 2.39 points weaker at 1,627.07.

On the broader market, decliners outpaced gainers 199 to 125, while 257 counters remained unchanged, 1,307 untraded and 19 others suspended.

Turnover stood at 472.20 million shares worth RM171.53 million.

In a research note today, Maybank Investment Bank said the FBM KLCI to range between 1,620 and 1,640 today with downside supports at 1,627 and 1,615.

Of the heavyweights, CIMB added one sen to RM5.06 while IHH Healthcare, Hong Leong Bank and Maxis were flat at RM5.57, RM20.08 and RM5.56, respectively.

Maybank shed seven sen to RM9.14, Public Bank trimmed two sen to RM22.58, Petronas Chemicals slipped five sen to RM8.90, TNB decreased four sen to RM12.26 and Axiata gave up six sen to RM4.12.

Of the actives, Key Asic and Sterling Progress rose 1.5 sen each to 13 sen and 17.5 sen, respectively, Xidelang inched up half-a-sen to nine sen, while Bio Osmo, Sapura Energy and Orion IXL were flat at 7.5 sen, 33 sen and 18 sen.

Karex went down 1.5 sen to 57 sen and Iris Corp inched down half-a-sen to 15 sen.

The FBM Emas Index depreciated 30.62 points to 11,513.85, the FBMT 100 Index went down 31.13 points to 11,342.28 and the FBM Ace Index reduced by 9.77 points to 4,675.94.

The FBM Emas Shariah Index shaved 33.60 points to 11,717.26, and the FBM 70 depreciated 41.32 points to 14,390.53.

Sector-wise, the Financial Services Index was 21.26 points easier to 16,778.35, the Plantation Index was lower by 16.38 points at 7,241.04, while the Industrial Products and Services Index eased 0.26 of-a-point to 168.23.

Gold futures contracts on Bursa Malaysia Derivatives were untraded in the early session on lack of trading interest, a dealer said.

At 9.40 am, April 2019, May 2019, June 2019 and July 2019 stood at RM170.50, RM170.50, RM170.40 and RM170.50 a gramme respectively.

Volume was nil, while open interest amounted to 34 contracts.

At 9.30 am, the price of physical gold decreased by 42 sen to RM164.49 per gramme. — Bernama


Bursa Malaysia bucks regional trend to close lower

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) settled lower on Tuesday amid an overall cautious market, in contrast to the regional markets.

At the close, the benchmark index eased 1.87 points to 1,629.46 against Monday’s closing of 1,631.33.

It opened 0.25 of-a-point higher at 1,631.58 and fluctuated between 1,626.99 and 1,635.47 throughout the day.

A dealer said the market was weak due to lack of catalysts.

Meanwhile, Bursa Malaysia Bhd announced that that the T+2 settlement, a part of Bursa Malaysia’s ongoing efforts to improve operational efficiency and reduce systemic risk cycle, will be launched on April 29, 2019.

The shorter settlement cycle would align the clearing and settlement processes of the Malaysian capital market with those of major global exchanges in the US, Europe and Asia-Pacific, which are already operating a T+2 settlement cycle, it said in a statement today.

Meanwhile, market breadth was negative with 475 losers and 355 gainers while 388 counters were unchanged, 670 were untraded and 19 others were suspended.

Volume was easier at 2.49 billion units worth RM1.79 billion against Monday’s 3.13 billion units worth RM1.75 billion.

Of the heavyweights, Public Bank added two sen to RM22.60, Petronas Chemicals increased five sen to RM8.95, Axiata gained two sen to RM4.18, Maxis was flat at RM5.56, Maybank declined four sen to RM9.21 and TNB trimmed two sen to RM12.30.

Of the actives, Karex advanced 6.5 sen to 58.5 sen, Vortex rose one sen to 19 sen, Price worth was flat at seven sen, Sapura Energy edged down half-a-sen to 33 sen, Prestariang trimmed five sen to 48 sen and Hibiscus Petroleum fell one sen to RM1.13.

The FBM Emas Index declined 17.274 points to 11,544.47, the FBMT 100 slipped 18.20 points to 11,373.41 and the FBM 70 gave up 43.75 points to 14,431.85.

The FBM Emas Syariah Index declined 17.74 points to 11,750.86 and the FBM Ace Index climbed 14.14 points to 4,685.71.

Sector-wise, the Financial Services Index trimmed 28.81 points to 16,799.61, the Plantation Index shed 14.17 points to 7,257.42, while the Industrial Products and Services Index gained 0.15 of-a-point to 168.49.

Main Market volume decreased to 1.53 billion shares worth RM1.62 billion against 1.79 billion shares worth RM1.54 billion on Monday.

Warrants turnover fell to 491.58 million units valued at RM108.37 million from 541.80 million units valued at RM131.21 million yesterday.

Volume on the ACE Market dropped to 465.64 million shares worth RM65.84 million against Monday’s 800.32 million shares worth RM80.60 million.

Consumer products and services accounted for 278.39 million shares traded on the Main Market, industrial products and services (233.57 million), construction (171.37 million), technology (188.49 million), SPAC (nil), financial services (36.02 million), property (117.74 million), plantation (40.86 million), REITs (7.95 million), closed/fund (21,000), energy (375.49 million), healthcare (16.60 million), telecommunications and media (18.57 million), transportation and logistics (19.56 million), and utilities (27.70 million).

The physical price of gold as at 5pm stood at RM164.91 per gramme, up 55 sen from RM164.36 at 5pm yesterday. — Bernama


Bursa Malaysia remains easier at mid-afternoon

KUALA LUMPUR, April 16 — Bursa Malaysia remained easier at mid-afternoon today amid a cautious broader market.  At 3.05pm, the key FTSE Bursa Malaysia KLCI (FBM KLCI) inched down 0.72 of-a-point to 1,630.61 from 1,631.33 at close…


Bursa Malaysis ends morning session higher

KUALA LUMPUR, April 16 ― The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) turned lower at lunch break today, amid weaker sentiment in the overall market.  At 12.30pm, the index edged down 0.26 of-a-point to 1,631.07 against yesterday’s…


FBM KLCI marginally higher at mid-morning

KUALA LUMPUR, April 16 — The FBM KLCI was marginally higher at mid-morning today on buying interest in heavyweights led by MISC and Petronas Chemicals.  However, the overall market was broadly lower on a lack of…