The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) closed 3.26 points, or 0.208 per cent, lower at 1,560.52, after opening 0.04 point higher at 1,563.82.

The key index moved within 1,558.94 and 1,565.25 points throughout the day.

Jupiter Securities head of research, Pong Teng Siew, said selected plantation and banking counters were down but gains in some blue-chips like Maybank Petronas Chemicals, Telekom, RHB Capital helped lift the key index to finish slightly above the 1,560-point level.

“The local bourse also saw losses in second-liners on profit-taking,” he told Bernama today.

Pong said the investor sentiment now was affected by the pressure on oil prices due to tensions in Iran and this has dampened the manufacturing, transportation and consumers sectors.

The increase in oil prices may result in brittle economic growth for the regional economies, he said.

The Finance Index fell 2.029 points to 13,949.99, Plantation Index dipped 79.229 points to 8,666.20 and the Industrial Index lost 16.26 points to 2,892.04.

The FBM Emas Index declined 36.17 points to 10,819.64 and the FBM 70 Index decreased 60.641 points to 12,264.60.
The FBM Ace Index climbed 24.73 points to 4,805.24

Losers led gainers by 541 to 302 while 298 counters were unchanged, 349 untraded and 19 others were suspended.

Among active counters, The Media Shoppe was down half sen to 11 sen, Green Ocean fell 2.5 sen to 30 sen, IFCA MSC added one sen to 14.5 sen while Green Packet-Warrant rose 4.5 sen to 25 sen.

Of the heavyweights, Maybank increased one sen to RM8.71, Sime Darby was unchanged at RM9.64, RHB Capital gained 23 sen to RM7.78 and Telekom rose 10 sen to RM5.03.
Total turnover advanced to 2.230 billion shares worth RM1.937 billion from 1.894 billion shares worth RM1.747 billion yesterday.

Volume on the Main Market rose to 1.187 billion units valued at RM1.766 billion from 1.132 billion units valued at RM1.619 billion on Tuesday.

Turnover on the ACE Market increased to 892.206 million shares worth RM149.281 million from 607.166 million shares worth RM104.633 million previously.

Warrants declined to 148.847 million units valued at RM20.979 million from 149.570 million units valued at RM21.818 million yesterday.

Consumer products accounted for 106.515 million shares traded on the main market, industrial products 199.938 million, construction 61.426 million, trade and services 396.533 million, technology 138.631 million, infrastructure 42.766 million, finance 66.568 million, hotels 1.597 million, properties 134.638 million, plantations 24.650 million, mining 18,000, REITs 2.323 million and closed/fund 15,000. — BERNAMA

Article source: http://www.btimes.com.my/Current_News/BTIMES/articles/20120222095306/Article/index_html

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Share prices on Bursa Malaysia ended mixed Tuesday buoyed by bargain hunting and gains in selected bluechips such as Maybank,
RHB Capital, Sime Darby and Petronas Chemicals, dealers said.

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) closed 3.21 points or 0.21 per cent higher at 1,563.78.

Although the key index fell earlier, it still remained above the psychological barrier of 1,550 points after fluctuating within 1,564.86 and 1,558.13 point throughout the day.

“Investors’ risk appetite improved after eurozone finance ministers decided to seal a second bailout for Greece that will resolve its immediate financing needs.

“The recovery progress in Europe lifted investors’ confidence and large liquidity is expected to flow into equity markets of emerging countries like India and Brazil,” said Affin Investment Bank head of retail research Dr Nazri Khan.

He told Bernama that investors would increase their risk exposure in the market amid rumours that Asian central banks would coordinate their banks’ liquidity position following China’s central bank decision to cut reserve requirement.

The Finance Index jumped 36.47 points to 13,952.02 but the Plantation Index dipped 75.32 points to 8,745.43 while the Industrial Index lost 1.82 points to 2,908.30.

The FBM Emas Index improved 13.56 points to 10,855.81, the FBM Ace Index climbed 55.74 points to 4,780.51 but the FBM 70 Index decreased 12.53 points to 12,325.24.

Losers led gainers 442 to 370 while 345 counters were unchanged, 327 untraded and 19 others were suspended. — Bernama

Article source: http://www.btimes.com.my/Current_News/BTIMES/articles/20120221095223/Article/index_html

BURSA MALAYSIA: FBM KLCI In Red At Midday

KUALA LUMPUR, Feb 13 (Bernama) — The FTSE Bursa Malaysia KLCI (FBM KLCI) ended the morning session in the red today with investors pre-occupied with the long-term implications of the Greece bailout measures, dealers said.

At 12.30pm, the key index stood at 1,559.87, down 1.79 points after opening 1.31 points lower at 1,560.35 with share prices on Bursa Malaysia continuing to remain subdued.

Jupiter Securities head of research Pong Teng Siew said the market barometer was reacting to other implications of the current Greece bailout development.

“Other markets gained modestly today to the overall headline of the Greek parliament’s approval on austerity measures.

“However, the local bourse is reacting more intelligently to the eurozone development, as the actual issue is more complicated, thus being more concerned on the long-term implications ” he told Bernama.

Eurozone finance ministers are scheduled to meet later this week to discuss giving a seal of approval to the new 130 billion euro bailout, a lifeline for Greece to ride out a major bond redemption on March 20.

Pong also said although the fourth quarter 2011 gross domestic product (GDP) to be announced this week is expected to be on a good note, market players are concerned over external developments that would dictate the global economy’s trend.

The Finance Index declined 47.4 points to 13,812.01, the Plantation Index earned 2.41 points to 8,880.69 and the Industrial Index was 2.96 points higher at 2,904.24.

The FBM Emas Index fell 11.05 points to 10,872.71 and the FBM Mid 70 Index decreased 28.41 points to 12,463.42, while the FBM Ace Index rose 5.78 points to 4,751.37.

Losers outnumbered gainers 402 to 349 while 322 counters were unchanged.

Turnover amounted to 1.621 billion shares worth RM952.173 million.

Among actives, British American Tobacco added 66 sen to RM50.96, BLD Plantation earned 33 sen to RM10, Metal Reclamation went up 30 sen to RM1.20 and Genting perked 16 sen to RM10.50.

As for the heavyweights, Maybank fell five sen to RM8.47 while Sime Darby and Petronas Chemicals each eased two sen to RM9.65 and RM6.97 respectively, and CIMB slipped six sen to RM7.15.

– BERNAMA

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Article source: http://www.bernama.com.my/bernama/v6/newsindex.php?id=645222

They said the Greek second bailout fund delay, rating agency Moody’s warning to slash ratings of 17 global and 114 European financial, including Deutsche Bank and Bank of America, as well as weak leads from New York market rattled investor confidence.

At 5pm, the key index ended at 1,550.49, down 10.81 points from yesterday’s close of 1,561.3.

The market barometer, which opened 3.03 points lower at 1,558.27, moved between 1,549.34 and 1,559.08 throughout the day.

Jupiter Securities head of research, Pong Teng Siew, said the performance of the local bourse was a reaction to the uncertain progress in Greece as the current deadlock remained a significant downside risk.

He said the market failed to see a clear path for Greece to obtain second bailout package before the March 20 with media reports saying it would probably not get full bailout fund.

“The delay is expected to continue until after the country’s general election expected in April.

“Besides that, technically, the US market is tired and riding on low volume and a pullback from the rally will further dampen the global atmosphere,” he said.

On the local front, Pong said, the fourth quarter 2011 gross domestic product results released yesterday failed to support the market.

The Finance Index declined 82.85 points to 13,771.94, Plantation Index eased 68.649 points to 8,794.57 and the Industrial Index fell 19.32 points to 2,891.25.

The FBM Emas Index declined 79.801 points to 10,780.35, FBM70 Index lost 93.82 points to 12,284.09 and the FBM Ace Index slipped 83.12 points to 4,655.57.

Losers led gainers by 668 to 239 while 272 counters were unchanged, 310 untraded and 27 others suspended.

Among actives, United Plantations garnered 32 sen to RM22.66, Dialog Group-WA rose 31 sen to 65.5 sen, Multi-Usage earned 26 sen to 60 sen and Cypark Resources added 24 sen to RM1.87.

Of the heavyweights, Maybank fell three sen to RM8.50, Sime Darby eased seven sen to RM9.54, Petronas Chemicals slipped six sen to RM6.88 and CIMB eased five sen to RM7.25.

Total market volume fell to 2.185 billion units valued at RM1.972 billion from 2.309 billion units valued at RM2.146 billion yesterday.

Volume on the Main Market rose to 1.628 billion shares worth RM1.894 billion from 1.614 billion shares worth RM2.033 billion yesterday.

Turnover on the ACE Market declined to 335.165 million units valued at RM51.266 million from 465.874 million units valued at RM73.411 million previously.

Warrants declined to 217.595 million shares worth RM26.028 million from 228.166 million shares worth RM38.810 million yesterday.

Consumer products accounted for 109.232 million shares traded on the Main Market, industrial products 258.739 million, construction 47.660 million, trade and services 654.875 million, technology 44.743 million, infrastructure 38.159 million, finance 85.672 million, hotels 9.220 million, properties 280.899 million, plantation 50.415 million, mining 51,500, REITs 3.481 million and closed/fund 47,500.

- Bernama

Article source: http://www.freemalaysiatoday.com/2012/02/16/kl-shares-head-south-with-fbm-klci-below-1555-points/

REVIEW: Bursa Malaysia kicked off on a mixed note, with the FBM Kuala Lumpur Composite Index (FBM KLCI) losing 1.31 points to 1,560.35 on lack of fresh market-stimulating leads.

Overnight Wall Street’s snapped a five-week winning streak and crude oil prices plunging a hefty US$1.17 to US$98.67 a barrel, the first drop in four sessions after a far right party in Greece refused to sign off on austerity measures, dimming the country’s efforts to secure an international bailout package to avoid a crippling debt default.

Though the Greek cabinet later had approved a draft bill committing to reforms in return for the bailout package, Asian stocks rallied on hopes that Greece would avoid a chaotic default. The local big boys were simply not interested.

Instead, they took the excuse of an overbought market condition to book profit but the key index managed to eke out a small advance of 1.16 points to 1,562.82 due to a last minute spike in certain quality issues.

Nevertheless, the US market recovered quickly the next day, boosted by news that Greece had approved sweeping budget cuts in exchange for a 130 billion euros bailout from the European Union and the International Monetary Fund.

Tracking the rebound, stocks in the Asia-Pacific region drifted higher, perking up between 0.8% and 2.3% on follow-through buying momentum but in stark contrast, the overall sentiment on the domestic front was very much unchanged, with shares continuing to be trapped in a tight band on extended sideways consolidation.

The lethargic trend was clearly traced out on the chart. Despite the FBM KLCI posting a gain of 3.23 points to 1,566.05, the broad market breadth was negative, with 581 losers beating 321 advancers on Tuesday.

Bursa continued to stay in correction mode, with a combination of negative factors weighing on local sentiment, such as a pull-back in world markets, Greek debt fears and worries about Europe’s economy after Moody’s warned it may cut the triple-A rating of France, Britain and Austria.

In lacklustre trade, the key index shed 4.75 points to 1,561.30 in mid-week and another 10.81 points to 1,550.49 amid persistent selling on Thursday.

Fortunately, after two days of losses, the local bourse staged a rebound, encouraged by strong overseas performance as progress in the eurozone and economic data in the United States rejuvenate markets.

In the wake of fresh buying, blue chips led gains, navigating the FBM KLCI up 6.66 points to 1.557.15 yesterday.

Statistics: For the week, the major index chalked eased 4.51 points, or 0.3% to 1,557.15 yesterday, against 1,561.66 at the close on Feb 10.

Turnover for the regular week amounted to 11.969 billion shares valued at RM10.437bil, compared with 11.057 billion units worth RM9.092bil changed hands during the three-day holiday-shortened previous week.

Technical indicators: After triggering a sell at the top on Tuesday, the oscillator per cent K and the oscillator per cent D of the daily slow-stochastic momentum index retraced further to end at the 40% and 61% levels respectively.

Though the daily moving average convergence/divergence (MACD) histogram retained the buy, it had indicated a bearish divergence pictogram and in danger of falling below the daily signal line.

In stark contrast, the 14-day relative strength index showed a mild curving up sign at the mid-range.

Weekly indicators remained bullish, with the weekly slow-stochastic momentum on bullish extended-mode and the weekly MACD on a steady climb, in tandem with the weekly trigger line.

Outlook: Bursa spent the first four days of the week undergoing consolidation and correction before changing better, thus helping the FBM KLCI trim losses to end little changed.

Apparently, the sluggishness of the market over the past week had opened up the floor for a debate among investors whether the local bourse has reached a climax.

Based on the daily bar chart, the liquidity-driven rally from the recent lows of 1,310.53 on Sept 26, last year remains intact. Besides that, turnover remains robust and it shows no signs of abating.

With global markets, especially Wall Street rising on better-than-expected economic data, hinting that the United States is recovering at a steady pace and optimism of a Greek deal soon, it should augur well for the local bourse.

In short, we are still bullish and should there be a set back in the market, it is viewed as an opportunity.

Technically, most of the indicators are painting a promising landscape, implying that Bursa may resume climbing after a round of typical process, with lower liners dominating the volumes page.

The immediate upside objective is to challenge the historical peak of 1,597.08 or the 1,600-point psychological barrier. Thereafter, resistance can be expected at every 20-point or 30-point interval.

Crucial support is pegged at the 1,531-point level, followed by the 50-day simple moving average (SMA) of 1,510 points and the next, at the 200-day SMA of 1,502 points.

Article source: http://biz.thestar.com.my/news/story.asp?file=/2012/2/18/business/10750393&sec=business

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 6.66 points to close at 1,557.15, after opening 3.19 points better at 1,553.68, lifted by finance-related counters.

Affin Investment Bank head of retail, Dr Nazri Khan, said it was encouraging to see the rise in the stocks and the rebound in the euro despite the delay and political tensions building up over the Greek bailout.

He said this trend mirrored the cautious yet optimistic mood of the investors that the deadlock over Greece’s second bailout package may end soon and helped prevent the European financial system going chaos.

“We also note that the impact of Moody’s Investors Service’s negative review ratings of 114 financial institutions in 16 European countries this week has been muted and relatively well-absorbed by the investors,” he told Bernama.

Nazri said the better-than-expected US jobs and housing market data had overshadowed European concerns and they helped the various indexes — FBM KLCI to stay above 1,550-level, SP 500 index to close near its highest level in three years and Dow Jones Industrial Average to close above 12,900 points for the first time since 2008.

The Finance Index jumped 91.529 points to 13,863, Plantation Index increased 26.72 points to 8,821.29 and the Industrial Index advanced 10.86 points to 2,902.11.

The FBM Emas Index improved 46.511 points to 10,826.86, FBM 70 Index gained 47.46 points to 12,331.55 and the FBM Ace Index climbed 42.21 points to 4,697.78.

Gainers led losers by 511 to 304, 346 counters were unchanged, 327 untraded and 27 others suspended. — MORE

Among volume leaders, Tasek Corp inched up 47 sen to RM8.47, Batu Kawan rose 34 sen to RM19.86 and British American Tobacco improved 22 sen to RM52.52.

Of the heavyweights, Maybank perked six sen to RM8.56, Sime Darby inched up five sen to RM9.59, Petronas Chemicals was flat at RM6.88 and CIMB rose three sen to RM7.28.

Total turnover advanced to 2.265 billion shares worth RM1.942 billion from 2.185 billion shares worth RM1.972 billion yesterday.

Volume on the Main Market climbed to 1.694 billion units valued at RM1.846 billion from 1.628 billion units valued at RM1.894 billion on Thursday.

Turnover on the ACE Market increased to 400.461 million shares worth RM71.981 million from 335.165 million shares worth RM51.266 million previously.

Warrants declined to 168.527 million units valued at RM22.319 million from 217.595 million units valued at RM26.028 million yesterday.

Consumer products accounted for 124.197 million shares traded on the Main Market, industrial products 381.222 million, construction 50.857 million, trade and services 763.829 million, technology 63.550 million, infrastructure 35.298 million, finance 70.296 million, hotels 2.297 million, properties 145.727 million, plantations 36.880 million, mining 45,000, REITs 6.259 million and closed/fund 39,000. – Bernama

Article source: http://www.thesundaily.my/news/298388

BURSA MALAYSIA: Shares Head South With FBM KLCI Below 1,555 Points

KUALA LUMPUR, Feb 16 (Bernama) — Share prices on Bursa Malaysia headed south today at the close with the FTSE Bursa Malaysia KLCI (FBM KLCI) below the 1,555-point level as investors reduced their holdings on worries about the worsening eurozone debt crisis, dealers said.

They said the Greek second bailout fund delay, rating agency Moody’s warning to slash ratings of 17 global and 114 European financial, including Deutsche Bank and Bank of America, as well as weak leads from New York market rattled investor confidence.

At 5pm, the key index ended at 1,550.49, down 10.81 points from yesterday’s close of 1,561.3.

The market barometer, which opened 3.03 points lower at 1,558.27, moved between 1,549.34 and 1,559.08 throughout the day.

Jupiter Securities head of research, Pong Teng Siew, said the performance of the local bourse was a reaction to the uncertain progress in Greece as the current deadlock remained a significant downside risk.

He said the market failed to see a clear path for Greece to obtain second bailout package before the March 20 with media reports saying it would probably not get full bailout fund.

“The delay is expected to continue until after the country’s general election expected in April.

“Besides that, technically, the US market is tired and riding on low volume and a pullback from the rally will further dampen the global atmosphere,” he told Bernama.

On the local front, Pong said, the fourth quarter 2011 gross domestic product results released yesterday failed to support the market.

The Finance Index declined 82.85 points to 13,771.94, Plantation Index eased 68.649 points to 8,794.57 and the Industrial Index fell 19.32 points to 2,891.25.

The FBM Emas Index declined 79.801 points to 10,780.35, FBM70 Index lost 93.82 points to 12,284.09 and the FBM Ace Index slipped 83.12 points to 4,655.57.

Losers led gainers by 668 to 239 while 272 counters were unchanged, 310 untraded and 27 others suspended.

Among actives, United Plantations garnered 32 sen to RM22.66, Dialog Group-WA rose 31 sen to 65.5 sen, Multi-Usage earned 26 sen to 60 sen and Cypark Resources added 24 sen to RM1.87.

Of the heavyweights, Maybank fell three sen to RM8.50, Sime Darby eased seven sen to RM9.54, Petronas Chemicals slipped six sen to RM6.88 and CIMB eased five sen to RM7.25.

Total market volume fell to 2.185 billion units valued at RM1.972 billion from 2.309 billion units valued at RM2.146 billion yesterday.

Volume on the Main Market rose to 1.628 billion shares worth RM1.894 billion from 1.614 billion shares worth RM2.033 billion on Wednesday.

Turnover on the ACE market declined to 335.165 million units valued at RM51.266 million from 465.874 million units valued at RM73.411 million previously.

Warrants declined to 217.595 million shares worth RM26.028 million from 228.166 million shares worth RM38.810 million yesterday.

Consumer products accounted for 109.232 million shares traded on the Main Market, industrial products 258.739 million, construction 47.660 million, trade and services 654.875 million, technology 44.743 million, infrastructure 38.159 million, finance 85.672 million, hotels 9.220 million, properties 280.899 million, plantation 50.415 million, mining 51,500, REITs 3.481 million and closed/fund 47,500.

— BERNAMA

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Article source: http://www.bernama.com.my/bernama/v6/newsindex.php?id=646128

PETALING JAYA: The FBM KLCI closed lower on Wednesday as it was dragged down by selected bluechip stocks.

At 5pm, the local bourse was down 4.75 points to 1,561.30, with gainers outpacing losers 433 to 385, with 346 counters unchanged.

Regional markets were mostly up, boosted by reports that Greek conservative party leader Antonis Samaras is expected to deliver a letter of commitment to the country’s international lenders by today.

Tokyo’s Nikkei 225 was up 2.30% to 9,260.34 and Hong Kong’s Hang Seng Index rose 2.14% to 21.365.23.

Shanghai’s A index was up 0.94% to 2,366.70 while Taiwan’s Taiex Index rose 1.54% to 8,005.24.

Seoul’s Kospi Index gained 1.13% to 2,025.32, with Singapore’s Straits Times Index increasing 0.81% to 3,011.68.

Nymex crude oil gained 92 cents to US$101.66 per barrel. Spot gold gained US$7.20 to US$1,727.38 per ounce. The ringgit was quoted at 3.04 to the US dollar.

Article source: http://biz.thestar.com.my/news/story.asp?file=/2012/2/15/business/20120215095446&sec=business

FBM KLCI Futures Close Mostly Higher

KUALA LUMPUR, Feb 14 (Bernama) — The FBM KLCI futures contract on Bursa Malaysia Derivatives closed mostly higher Tuesday against the cash market’s softer performance, dealers said.

February 2012, March 2012 and June 2012 each gained one point to 1,559.5, 1,560 and 1,556, respectively, while September 2012 slid 2.5 points to 1,551.5.

Turnover rose to 4,093 lots from 3,588 lots Monday and open interest surged to 25,839 contracts from 25,247 contracts Monday.

The underlying FBM KLCI closed 3.23 points higher at 1,566.05.

– BERNAMA

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KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) closed its morning trading lower by 1.79 points or 0.11% to 1,559.87 at 12.30 p.m. today.

According to HwangDBS, the benchmark FBM KLCI could consolidate today following an increase of 40.8-point or 2.7% in the last fortnight.

“Still, our local bourse would likely show resilience as investors who have missed out on the earlier market run-up may be waiting to buy on weakness.

“On the chart, the bellwether may find immediate support at the 1,555 level,” it said in a market preview report today.

The top three gainers as at noon were BAT that gained 66 sen to RM50.96, BLDPLNT added 33 sen to RM10 and METALR increased 30 sen to RM1.20.

For the heavyweights, CIMB lost 6 sen to RM7.15, Genting added 20 sen to RM10.50 and Maybank down 5 sen to RM8.47.

HwangDBS said stocks that might be of added interest today include Time Engineering, amid a weekly business report saying that three interested bidders were eyeing to acquire Khazanah Nasional’s 45% stake in the company and BIMB, after a local media reported that its subsidiary Bank Islam is in talks to buy a stake in an Indonesian Islamic lender.

“Also, IOI Corporation, following a news article stating that it is considering to re-list its property arm,” it said.

Over on Wall Street, after the recent market rally, major US equity indices dropped between 0.7% and 0.8% last Friday pending the emergence of fresh market developments.

Article source: http://biz.thestar.com.my/news/story.asp?file=/2012/2/13/business/20120213102051&sec=business