CIMB Research cautious on market outlook
<!–GA_googleFillSlot(“Business_Story_toptext”);–> KUALA LUMPUR: CIMB Equities Research said the FBM KLCI fell and closed below the key support levels of 1,566 and 1,563, eliminating the possibility of further upside potential. It said on Monday the index is now below its base channel support as well. The breakdown of the channel support usually signals that minor wave [...]
FBMKLCI likely to re-test downside support – Business Times
MAJOR market weaknesses on the Wall Street and regional stock markets triggered a sell-off on Bursa Malaysia over the last five trading days under review. The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) fell in tandem when it hit its intra-week low of 1,526.26 level yesterday. The index tumbled through its immediate downside [...]
Alliance cuts year-end FBM KLCI target to 1630 points
PETALING JAYA (May 18, 2012): Alliance Research Sdn Bhd has cut its 2012 year-end FBM KLCI target to 1,630 points from 1,700 points, due to the near term bearish momentum in global markets and the murky domestic political landscape. The research firm said the Kuala Lumpur stock market, along with major markets around the region, [...]
BURSA MALAYSIA: KL Shares End Higher, KLCI Up 8.17 Points
May 17, 2012 19:20 PM BURSA MALAYSIA: KL Shares End Higher, KLCI Up 8.17 Points KUALA LUMPUR, May 17 (Bernama) — Share prices on Bursa Malaysia posted modest gains at close Thursday, ending a four-day losing streak amid lingering worries over Greece, dealers said. The FTSE Bursa Malaysia KLCI (FBM KLCI) finished 8.17 points or [...]
Asian markets routed, KLCI records steepest loss this year
<!–GA_googleFillSlot(“Business_Story_toptext”);–> KUALA LUMPUR: Key Asian markets were routed on Wednesday as investors took money off the table on growing worries about the Greece contagion effect while at Bursa Malaysia, the FBM KLCI recorded its steepest loss this year. Asian markets registered losses of more than 3%, with Hong Kong and South Korea among the worst [...]
KLCI extends losses, CIMB and Maybank weigh
<!–GA_googleFillSlot(“Business_Story_toptext”);–> KUALA LUMPUR: Blue chips ended the morning session sharply lower on Tuesday, with CIMB and Maybank weighing on the FBM KLCI, while bigger capitalised plantations fell as investors worried about the fallout from the euro zone crisis. At 12.30pm, the FBM KLCI had fallen 13.62 points or 0.86% to 1,561.46. Turnover was 541.16 million [...]
KLCI remains in the red at mid-day break
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FBM KLCI Futures To Remain Weak
May 12, 2012 12:15 PM FBM KLCI Futures To Remain Weak KUALA LUMPUR, May 12 (Bernama) — The FBM KLCI futures contracts on Bursa Malaysia Derivatives are expected to remain weak next week due to external woes. Dealers said unfavourable economic growth and political turmoil in major countries would continue to dent investor sentiment and [...]
FBM KLCI stages technical pullback – Business Times
THE local stock market failed to sustain recent gains and slipped back into consolidation this week. The market benchmark, the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI), fell through its immediate downside support levels of 1,590 and 1,580 points, hitting an intra-week low of 1,572.85 yesterday. Trading on Bursa Malaysia yesterday’s was marked [...]
KLCI bucks regional markets
<!–GA_googleFillSlot(“Business_Story_toptext”);–> PETALING JAYA: Asian markets were mostly lower at midday, Thursday, as the European debt crisis continued to rattle investor confidence but the FBM KLCI bucked the trend, supported by gains in Petronas Gas. At 12.30pm, the FBM KLCI was up 3.51 points to 1,588.41. Turnover was 722.32 million shares valued at RM493.12mil. Losers beat [...]
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