Bursa Malaysia Mixed At Midday
Posted on January 29, 2012
Filed Under KLSE Report | Leave a Comment
January 27, 2012 13:27 PM
Bursa Malaysia Mixed At Midday
KUALA LUMPUR, Jan 27 (Bernama) — Share prices on Bursa Malaysia ended the morning session mixed today as investors remained on the sidelines amid the cautious market sentiment, dealers said.
At lunch break, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 2.12 points to 1,521.74. It had opened 0.01 of a point higher at 1,523.87.
Another dealer said investors preferred to take a conservative approach amid continued talks between the Greek government and private-sector creditors over its debt crisis.
“Greece and its private-sector creditors agreed to meet again on Friday in a race to negotiate a 100 billion euro (US$131 billion) debt write-down for the country,” he said.
A total of 1.21 billion shares worth RM893.67 million changed hands with gainers leading losers by 357 to 345.
The Finance Index slipped 29.87 points to 13,466.74, while the Plantation Index gained 16.44 points to 8,743.65 and the Industrial Index earned 2.99 points to 2,795.69.
The FBM Emas rose 5.88 points to 10,580.49, the FBM Mid 70 jumped 75.77 points to 12,137.79 and the FBM ACE increased 9.74 points to 4,460.14.
Among active stocks, The Media Shoppe stood unchanged at 11.5 sen, while Kayo Industries added two sen to six sen and DRB-Hokum advanced four sen to 10 sen.
Among heavyweights, Patrons Chemicals earned one sen to RM6.68, while Mabank and Same Darby eased one sen each to RM8.21 and RM9.07, respectively.
— BERNAMA
We provide
(subscription-based)
news coverage in our Newswire service.
<!–addthis_pub = ‘setokin’;
–>
Back Top
Article source: http://www.bernama.com/bernama/v6/newsindex.php?id=642465
FBM KLCI Futures Mostly Weaker At Close
Posted on January 28, 2012
Filed Under KLSE Report | Leave a Comment
January 27, 2012 19:16 PM
FBM KLCI Futures Mostly Weaker At Close
KUALA LUMPUR, Jan 27 (Bernama) — The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts on Bursa Malaysia Derivatives closed mostly weaker Friday in line with the weak trading in the cash market, dealers said.
January 2012 lost 1.5 points to 1,523, February 2012 and March 2012 were flat at 1,523 and 1,521.5 respectively, and June 2012 gained one point to 1,516.5.
Turnover stood at 12,211 lots while open interest amounted to 31,731 contracts.
At close, the underlying FBM KLCI was 2.96 points lower at 1,520.90.
– BERNAMA
We provide
(subscription-based)
news coverage in our Newswire service.
<!–addthis_pub = ‘setokin’;
–>
Back Top
Article source: http://www.bernama.com/bernama/v6/newsindex.php?id=642584
FBM KLCI Futures Weaker At Close
Posted on January 27, 2012
Filed Under KLSE Report | Leave a Comment
January 26, 2012 19:14 PM
FBM KLCI Futures Weaker At Close
KUALA LUMPUR, Jan 26 (Bernama) — The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts on Bursa Malaysia Derivatives closed weaker Thursday despite the uptrend in the cash market, dealers said.
January 2012 lost four points to 1,524.5, February 2012 declined 4.5 points to 1,523, March 2012 eased four points to 1,521.5 and June 2012 fell 2.5 points to 1,515.5.
Turnover stood at 5,619 lots while open interest amounted to 28,388 contracts.
At close, the underlying FBM KLCI was 4.1 points firmer at 1,523.86.
– BERNAMA
We provide
(subscription-based)
news coverage in our Newswire service.
<!–addthis_pub = ‘setokin’;
–>
Back Top
Article source: http://www.bernama.com.my/bernama/v6/newsindex.php?id=642362
KLCI starts year of the Dragon in the red as banks, blue chips weigh
Posted on January 25, 2012
Filed Under KLSE Report | Leave a Comment
KUALA LUMPUR (Jan 25): The FBM KLCI reversed its earlier gains and closed lower on its first trading day of the Lunar year of the Dragon, weighed by losses at key blue chips including banking and Petronas-linked stocks.
The FBM KLCI shed 2.90 points to 1,519.76, as some investors are still on extended post-Chinese New Year holidays.
Gainers led losers by 389 to 315, while 296 counters traded unchanged. Volume was 1.34 billion shares valued at RM1.54 billion.
At the regional markets, Japan’s Nikkei 225 was up 1.12% to 8,883.69, Australia’s SP/ASX 200 Index rose 1% to 4,329.10, South Korea’s Kospi added 0.12% to 1,952.23 and Singapore’s Straits Times Index rose 1.48% to 2,891.64.
The China, Hong Kong and Taiwan markets remained closed for the Chinese New Year holidays.
Meanwhile, European shares were lower in early trade on Wednesday, weighed by the tech sector after a sharp post-results decline for Ericsson, according to Reuters.
The mobile telecoms network gear maker sank 14% after its fourth quarter earnings came in well below forecast. That compared with more bullish results from U.S. peer Apple overnight, it said.
On Bursa Malaysia, CIMB led the losses at banking stocks and fell 12 sen to RM6.99; Maybank and Affin lost six sen each to RM8.20 and RM3.16, AMM five sen to RM5.79, while AFG and RHB Capital shed two sen each to RM3.87 and RM7.27.
Petronas Dagangan fell 10 sen to RM17.50, Petronas Chemicals down eight sen to RM6.60 and Petronas Gas shed four sen to RM15.20.
Other decliners included Tahps, Dutch Lady, Harvest Court, LPI Capital, Toyo Ink and KESM.
Among the gainers, BAT rose 50 sen to RM50, KLK 42 sen to RM25.90, MPI 39 sen to RM3.67, Tradewinds Plantations and Malayan Flour Mills 27 sen each to RM4.53 and RM8.07, BHIC 23 sen to RM3.80, Fima Corp 21 sen to RM6.25, Hong Leong Bank 20 sen to RM11.30 and DKSH 18 sen to RM2.16.
Hibiscus, which was the most actively trade counter, was issued with an unusual market activity query.
Hibiscus rose 32 sen to RM1.52 with 53.5 million shares done while its warrants added 14.5 sen to 85 sen with 176.11 million units traded.
Other actives included DBE Gurney, JCY, Hubline, Maybulk, Compugates and CIMB.
Article source: http://www.theedgemalaysia.com/highlights/199923-klci-starts-year-of-the-dragon-in-the-red-as-banks-blue-chips-weigh.html
FBM KLCI closes Tues higher
Posted on January 24, 2012
Filed Under KLSE Report | Leave a Comment
<!–GA_googleFillSlot(“Business_Story_toptext”);–>
KUALA LUMPUR: The FBM KLCI is up 0.68% to 1,519.36 at the close on Tuesday on buying of selected blue chips.
“After losing 14.0-point or 0.9% yesterday, the benchmark FBM KLCI may rise towards the support-turned-resistance level of 1,515,” HwangDBS said in its earlier market note.
Other Asian stock markets also remain mostly higher at the close largely on bargain-hunting following an earlier slump in markets across the region.
Markets on Monday fell after several key Euro markets lost their coveted Triple A status, stoking concerns that the Euro debt crisis could spark fresh problems for other economies in the world.
Nymex crude oil added 4 sen to US$99.73 per barrel.
Spot gold added US$7.55 to US$1,651 per ounce.
The ringgit was quoted at 3.1357 to the US dollar.
Article source: http://biz.thestar.com.my/news/story.asp?file=/2012/1/17/business/20120117093553&sec=business
UBS sees FBM KLCI hitting 1700 points by year-end
Posted on January 23, 2012
Filed Under KLSE Report | Leave a Comment
<!–GA_googleFillSlot(“Business_Story_toptext”);–>
KUALA LUMPUR: UBS Investment Research has projected a year-end target of 1,700 points for the FTSE Bursa Malaysia KL Composite Index based mainly on earnings growth of 9% and forward price-to-earnings ratio target of 14 times.
Earnings growth would be the key driver for the index but it would probably be a slow drive, based on external factors, said UBS head of Malaysia research Chris Oh at a media roundtable.
If the eurozone crisis worsens, UBS projects the index to bottom at 1,300 points.
Oh said the local benchmark index had to brace for earnings risk and increased market volatility arising from current global events and the impending general election.
However, he believed that earnings would hold up in the wake of a resilient domestic sector and economic reforms.
“We expect the market to be a trough in early 2012 before recovering for the rest of the year, supported by the global inventory cycle along with some easing of domestic policy,” Oh said.
He said that while markets would remain volatile and difficult, they would move higher towards the end of the year when the eurozone crisis gained more visibility.
In the near term, he believes that the market will rally in the first half of the year.
“The market believes that there will be a lot of spending by the Government ahead of the election including the allocation of mass rapid transit contracts and filtering through of the Budget 2012 incentives,” he said.
In anticipation of the election, markets would likely move up because “everything feels better before investors take a step back due to the uncertain outcome of the election,” he said.
However, he noted that there was no clear trend of pre-election rally as the last six elections suggested results were mixed.
Article source: http://biz.thestar.com.my/news/story.asp?file=/2012/1/7/business/10218844&sec=business
WTK poised to stage follow-through rebound – Business Times
Posted on January 22, 2012
Filed Under KLSE Report | Leave a Comment
LAST week, the FTSE Bursa Malaysia Kuala Lumpur Composite Index’s (FBM KLCI) 30 index-linked components continued to display its underlying reslience when it consolidated sideways with a week-on-week loss of 0.41 point to close at 1,522.66 points on Friday.
The FBM KLCI consolidated marginally lower for the week ended last Friday, moving in counter trend with the better performances on the Wall Street and regional stock markets last week.
With that, the bourse stayed above its major psychological support of 1,500 when it closed at 1,522.66 points on Friday.
The benchmark index’s heavyweight index-linked components’ consolidations last week led the market in staging a successful re-test of its immediate downside support of 1,510 level when it hit intra-week low of 1,509.06 on January 16.
Bursa Malaysia’s FBM KLCI rebounded from its intra-week low of 1,513.35 last Monday to a high of 1,526.27 last Friday, giving it an intra-week trading range of 12.92 points.
The FTSE Bursa Malaysia Small Cap Index gained 152.18 points to 12,192.81 while the FTSE Bursa Malaysia ACE Market Index advanced 67.26 points, or 1.56 per cent, to 4,367.73 level last Friday.
WTK Holdings Bhd staged a technical rebound last week. Its price trend closed at RM1.41 last Friday, giving a week-on-week gain of 9 sen, or 6.82 per cent.
Following are the readings of some of its technical indicators:-
Moving Averages: WTK’s daily price trend stayed above its 10-, 20-, 30-, 50- and 100-day moving averages. However, it contnued to stay below its 200-day moving averages.
Momentum Index: Its short-term momentum index continued to stay above the support of its neutral reference line last week.
On Balance Volume (OBV): Its short-term OBV stayed above the support of its 10-day moving averages.
Relative Strength Index (RSI): Its 14-day RSI stayed above the 50 level while, its technical reading stood at the 73.19 per cent at the market close on Friday.
Technical outlook
Share prices on Bursa Malaysia moved in counter-trend with the market rebounds on the New York and regional stock markets last week.
Heavyweight index-linked counters continued to display their critical roles in last week’s sideways consolidation. Select second and third liners played pivotal roles in last week’s sideways consolidation. WTK is one of these counters with a week-on-week gain of 9 sen.
Chartwise, WTK’s monthly price trend stayed above its intermediate-term uptrend support. With that, it augurs well for its intermediate-term perspectives.
Its weekly price trend staged a technical breakout of its intermediate-term downtrend (See WTK’s weekly price chart – B1:B2) last week. It rebounded off the support of its intermediate-term downtrend in the first two weeks of trading for 2012.
WTK’s daily price trend staged a technical breakout of ts intermediate-term downtrend (See WTK’s daily price trend C1:C2) on Friday. It stayed above its intermediate-term resistance-turned-support trendline (C1:C2) at the market close on Friday.
Its daily fast MACD (moving average convergence divergence) continued to stay above its daily slow MACD last Friday. This is good for its short- term perspectives.
Its 14-day Relative Strength Index (RSI) stood at the 73.19 per cent level while, its 14-week and 14-month RSI were at the 53.24 and 49.85 per cent levels respectively.
Following the bullish technical breakouts on its daily (C1:C2) and weekly (B1:B2) charts, WTK’s daily price trend is poised to stage a follow-through technical rebound in moving towards its intermediate-term overhead resistance zone.
The subject expressed above is based purely on technical analyses and opinions of the writer. It is not a solicitation to buy or sell.
Article source: http://www.btimes.com.my/Current_News/BTIMES/articles/January212012/Article/
FBM KLCI Futures Likely To Trade Higher Next Week
Posted on January 21, 2012
Filed Under KLSE Report | Leave a Comment
January 21, 2012 12:20 PM
FBM KLCI Futures Likely To Trade Higher Next Week
KUALA LUMPUR, Jan 21 (Bernama) — The FBM KLCI futures contracts on Bursa Malaysia Derivatives are expected to be firmer next week on buying interest amid a bullish cash market, dealers said.
They said market sentiment had recovered following better economic data from the United States as well as positive developments in Europe after successful Spanish and French bond auctions that drew solid demand.
The positive news will calm some fears about Europe’s ability to fund its debt.
On a week-to-week basis, January 2012 lost one point to 1,525, February 2012 slid 0.5 of a point to 1,524, March 2012 slipped 2.5 points to 1,521 and June 2012 stood at 1,515.
Turnover for the week was lower at 20,857 lots against last week’s 22,762 lots, while the open position declined to 26,484 contracts from 27,278 contracts recorded the week before.
— BERNAMA
We provide
(subscription-based)
news coverage in our Newswire service.
<!–addthis_pub = ‘setokin’;
–>
Back Top
Article source: http://www.bernama.com.my/bernama/v6/newsindex.php?id=641543
KLCI holds steady, struggles to breach 1520
Posted on January 20, 2012
Filed Under KLSE Report | Leave a Comment
KUALA LUMPUR (Jan 20): The FBM KLCI held steady at the mid-day break on Friday but struggled to stay above the 1,520-point level, while most key regional markets extended their gains to fresh two-month highs.
At 12.30pm, the FBM KLCI rose 2.55 points to 1,519.36.
Gainers led losers by 358 to 237, while 305 counters traded unchanged. Volume was 989.06 million shares valued at RM645.76 million.
The ringgit edged up 0.05% to 3.1027 versus the US dollar; crude palm oil futures for the third month delivery gained RM16 per tonne to RM3,173, crude oil added 11 cents a barrel to US$100.50 while gold slipped US$1.32 an ounce to US$1,657.03.
At the regional markets, Japan’s Nikkei 225 rose 1.31% to 8,752.95, South Korea’s Kospi gained 0.95% to 1,933.16, Singapore’s Straits Times Index added 0.55% to 2,826.55, the Shanghai Composite Index up 0.37% to 2,304.59 and Hong Kong’s Hang Seng Index up 0.25% to 19,992.50.
On Bursa Malaysia, Petronas Dagangan added 20 sen to RM17.70, New Hoong Fatt up 17 sen to RM2.50, Yinson 15 sen to RM2.29, KLK and TDM up 14 sen each to RM24.92 and RM4.11, Can-One up 13 sen to RM2.13, Malayan Flour Mills, Batu Kawan and MPI added 12 sen each to RM7.80, RM18.78 and RM3.27 respectively, while Genting Plantations rose 11 sen to RM9.26.
DBE Gurney was the most actively traded counter after it confirmed that it was in talks with a shareholder of CI Holding Bhd which includes a private placement exercise.
The stock fell half a sen to 13 sen with 121.84 million shares done, while its warrants gained half a sen to 8 sen with 49.99 million units done.
Other actives included TMS, DVM, Compugates, Flonic, Utopia and Focus.
Decliners at mid-day included BAT, Nestle, Supermax, A-Rank, Cepco, Harvest Court, Dutch Lady, KrisAssets and Fututec.
Article source: http://www.theedgemalaysia.com/highlights/199741-klci-holds-steady-at-mid-day-break-but-struggles-to-breach-1520.html
FBM KLCI closes marginally lower
Posted on January 19, 2012
Filed Under KLSE Report | Leave a Comment
<!–GA_googleFillSlot(“Business_Story_toptext”);–>
KUALA LUMPUR: The FBM KLCI is down 0.04% to 1,516.81 at Thursday’s close as traders take profit ahead of the Lunar holidays.
Earlier in the day, the 30-stock index was higher lifted by external factors.
In the US – Wall Street was higher overnight, buoyed by positive sentiment as its key equity indices rose between 0.8% and 1.5%.
“Apparently, investors’ sentiment was boosted by expectations that the U.S. economy growth prospects remain intact. “This could provide a lift to our Malaysian bourse today, after showing a lethargic performance yesterday,” said HwangDBS in its morning note.
Lower liners like The Media Shoppe and DBE Gurney dominated trading on the local bourse.
Both firms were issued unusual market activity queries by Bursa.
At the close, DBE was up 2.5 sen to 13.5sen while TMS put on 14 sen to 23 sen.
Other activies included JCY, BIMB and Nextnation.
Nymex crude oil is at US$101.26 per barrel.
Spot gold added 82 cents to US$1,660.77 per ounce.
The ringgit was quoted at 3.1023 to the US dollar.
Article source: http://biz.thestar.com.my/news/story.asp?file=/2012/1/19/business/20120119093401&sec=business
keep looking »