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Bursa Malaysia extends lossses at mid-afternoon

KUALA LUMPUR, Oct 18 — Bursa Malaysia extended its losses at mid-afternoon weighed by selling activities in heavyweight stocks led by IHH Healthcare and IOI Corporation. At 3.05 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 5.70 points…


Bursa Malaysia trades sideways at mid-morning

KUALA LUMPUR, Oct 18 ― Bursa Malaysia traded sideways at mid-morning today ahead of the weekend amid caution over the progress of the US-China trade talks and slowdown in trading momentum on small caps. At 11am, the benchmark FTSE Bursa Malaysia…


Bursa Malaysia ends marginally lower in cautious trade

KUALA LUMPUR, Oct 17 — Bursa Malaysia ended marginally lower on cautious and range bound trade, in tandem with regional peers, following a lack of market catalysts, said a dealer. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased…


Bursa Malaysia ends at day’s high amid gains on Wall Street

KUALA LUMPUR: Bursa Malaysia ended firmly at the day’s high as regional markets were lifted by upbeat US corporate earnings and on hopes of a Brexit deal breakthrough, said a dealer.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 8.67 points to 1,574.90 from Tuesday’s close of 1,566.23.

The index, which opened 1.87 points better at 1,568.10, moved between 1,567.87 and 1,574.90 throughout the day.

Market breadth was positive as gainers led losers 458 to 426 with 378 counters unchanged, 714 untraded and 14 others suspended.

Turnover surged to 3.06 billion shares worth RM2.23 billion from 2.62 billion shares worth RM1.73 billion on Tuesday.

Regionally, Japan’s Nikkei rose 1.20% to 22,472.92, Hong Kong’s Hang Seng Index improved 0.61% to 26,664.28, South Korea’s Kospi gained 0.71% to 2,082.83, and Singapore’s Straits Times Index added 0.66% to 3,136.42.

Philip Capital Management senior vice-president (investment) Datuk Dr Nazri Khan Adam Khan said the FBM KLCI was higher following the bullish performance on Wall Street and in response to the optimism post-2020 Budget.

He said global markets were also optimistic on a smooth UK Brexit, reduced Middle East political tensions and a small breakthrough in the US-China trade deal.

“With 2020 Budget done and dusted, we expect it to drive the domestic market higher as there are more positive surprises than negatives. We deem the key winners from the budget are the technology sectors and property sectors,” he told Bernama.

Overall, improving internal and external sentiment would be crucial to aid further upside traction on the domestic market, he said.

The local market was also expected to have a stronger trading momentum ahead as the government outlined special incentive packages to attract Fortune 500 companies with the intent of supporting and boosting the capabilities of local small and medium enterprises, he added.

Among the heavyweights, Maybank edged up one sen to RM8.52, Tenaga gained six sen to RM13.76, Petronas Chemicals bagged two sen to RM7.31 and IHH Healthcare rose seven sen to RM5.70.

Public Bank was flat at RM19.26.

Of the most actives, I-Stone added two sen to 24.5 sen, MTAG Group climbed 3.5 sen to 47.5 sen and KNM Group eased half-a-sen to 44 sen while Sapura Energy and NetX Holdings were flat at 27 sen and two sen, respectively.

The FBM Emas Index increased 60.61 points to 11,216.85, the FBMT 100 Index added 63.98 points to 11,032.80 and the FBM 70 surged 95.32 points to 14,164.66.

The FBM Emas Shariah Index was 67.05 points higher at 11,836.38 while the FBM Ace rose 73.86 points to 4,714.43.

Sector-wise, the Financial Services Index advanced 61.98 points to 15,207.91, the Plantation Index bagged 38.68 points to 6,673.82, and the Industrial Products & Services Index was 0.69 of-a-point better at 152.12.

Main Market volume rose to 1.87 billion units worth RM1.99 billion from Tuesday’s 1.73 billion units worth RM1.56 billion.

Warrants turnover widened to 411.22 million units worth RM75.22 million from 276.02 million units worth RM48.19 million yesterday.

Volume on the ACE Market grew to 784.66 million shares worth RM167.69 million from 610.07 million shares worth RM128.67 million on Tuesday.

Consumer products and services accounted for 220.32 million shares traded on the Main Market, industrial products and services (249.20 million), construction (122.31 million), technology (157.69 million), SPAC (nil), financial services (41.33 million), property (100.19 million), plantations (35.44 million), REITs (18.73 million), closed/fund (96,500), energy (741.41 million), healthcare (17.17 million), telecommunications and media (82.70 million), transportation and logistics (57.58 million), and utilities (23.13 million).

The physical price of gold as at 5pm stood at RM193.49 per gramme, down RM1.32 from RM194.81 at 5pm yesterday. — Bernama


Bursa Malaysia remains firm at mid-morning

KUALA LUMPUR, Oct 16 ― Bursa Malaysia stayed firm at mid-morning, as investors remained positive over the strong overnight performance of Wall Street and European stocks. At 11.02am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.58…


Bursa Malaysia remains in the negative at mid-afternoon

KUALA LUMPUR, Oct 15 — Bursa Malaysia remained in the negative territory at mid-afternoon today, weighed down by profit-taking activities in heavyweight stocks led by IHH Healthcare, Digi and Axiata. At 3pm, the benchmark FTSE Bursa Malaysia KLCI…


Bursa Malaysia ends on firm note across the board

KUALA LUMPUR: Bursa Malaysia ended on a firm note across the board, tracking the gains on regional bourses, amid optimism on the latest round of the US-China trade negotiation, said a dealer.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 10.75 points to 1,567.59 from last Friday’s 1,556.84.

The index, which opened 5.81 points higher at 1,562.65, moved between 1,562.65 and 1,568.96 throughout the day.

Market breadth was positive as gainers led losers 487 to 367, with 407 counters unchanged, 737 untraded and 42 others suspended.

Turnover widened to 2.99 billion shares worth RM1.84 billion from 2.33 billion shares worth RM1.6 billion last Friday.

Regionally, Japan’s Nikkei improved 1.15% to 21,798.87, Hong Kong’s Hang Seng Index increased 0.81% to 26,578.41, while Singapore’s Straits Times Index rose 0.37% to 3,125.16.

A dealer said Bursa Malaysia’s equity stayed firm for the whole trading session tracking the gains on regional markets, lifted by positive market sentiment.

Equity markets worldwide were in the black since last Friday with much of the positive vibes stoked by the latest high-level trade talks between the US and China, while foreign investors took a breather from selling activities.

“The latest negotiations between the world’s two largest economies were ‘constructive’ with a truce in US-China year-long trade war last Friday with the US suspending a tariff escalation due this week on US$250 billion of Chinese exports set for US shores as part of a ‘phase one’ trade accord,” the dealer said.

Locally, the market saw active trading activities with the broader market shares and the lower liners firmed-up further, he said.

“The FBM Small Cap index has perked up which we see continuing over the near term. We also think that technology stocks will also make further headway as technology and construction stocks are seen as the major beneficiaries of the 2020 Budget,” he added.

Among heavyweights, Maybank rose nine sen to RM8.53, Public Bank gained eight sen to RM19.16, Petronas Chemicals increased five sen to RM7.28, IHH Healthcare rose 12 sen to RM5.77, while Tenaga slipped eight sen to RM13.82.

Of the most actives, NetX Holdings edged up half-a-sen to 2.5 sen, Green Packet’s warrant improved two sen to 31.5 sen, while Bumi Armada and I-Stone added three sen each to 41.5 sen and 22.5.

Debutant AME Elite rose 20 sen to RM1.50, but Sapura Energy eased half-a-sen to 26.5 sen.

The FBM Emas Index increased 73.20 points to 11,151.01, the FBMT 100 Index gained 72.55 points to 10,967.99 and the FBM Emas Shariah Index added 66.56 points to 11,782.93.

The FBM 70 rose 81.77 points to 14,025.74 and the FBM Ace advanced 30.07 points to 4,649.20.

Sector-wise, the Financial Services Index surged 143.59 points to 15,133.92, the Plantation Index was 59.34 points higher at 6,600.23, and the Industrial Products & Services Index was 0.45 of-a-point better at 150.88.

Main Market volume increased to 1.82 billion units worth RM1.61 billion from last Friday’s 1.44 billion units worth RM1.4 billion.

Warrants turnover narrowed to 359.01 million units worth RM61.99 million from 464.37 million units worth RM76.03 million previously.

Volume on the ACE Market widened to 816.07 million shares worth RM174.32 million from 427.27 million shares worth RM125.42 million last Friday.

Consumer products and services accounted for 188.14 million shares traded on the Main Market, industrial products and services (204.38 million), construction (205.39 million), technology (159.13 million), SPAC (nil), financial services (36.34 million), property (114.57 million), plantations (20.02 million), REITs (11.30 million), closed/fund (17,100), energy (595.76 million), healthcare (14.05 million), telecommunications and media (224.50 million), transportation and logistics (29.94 million), and utilities (13.36 million). — Bernama


Bursa Malaysia continues to trade higher at mid-afternoon

KUALA LUMPUR, Oct 14 — Bursa Malaysia continued to trade higher at mid-afternoon today, lifted by gains in heavyweights led by MISC Bhd and Maybank. At 3pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 6.96 points…


Bursa Malaysia remains firm at mid-day

KUALA LUMPUR, Oct 14 — Bursa Malaysia remained firm at mid-day today, in line with regional peers’ performance and optimism of the latest round US-China trade negotiation. At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM…


Bursa Malaysia remains on upside bias at mid-morning

KUALA LUMPUR, Oct 14 — Bursa Malaysia remained on an upside bias, as market participants were upbeat amid renewed optimism on the US-China trade deal, dealers said. At 11.04am, the benchmark FTSE Bursa Malaysia KLCI (FBM…