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Monday, February 15, 2016

Market Daily Report: FBM KLCI closed higher, following regional trend

FBM KLCI rose 6.22 points

The celebration of love seems to continue, as the market celebrate post-Valentine's day with an uptrend.

FBM KLCI closed at 1,649.96 points after rising to an intraday high of 1,661.34. This was an increase of 6.22 points or 0.4%. The market basically had a good day as most Asian stock index rose as well. 

Japan's Nikkei 225 jumped 7.16%, South Korea's Kospi gained 1.47% while Hong Kong's Hang Seng rose 3.27%.

Some of the positive news are coming through after a losing streak last week, as China's central bank fixed the yuan sharply stronger, easing fears of depreciation for now, though a string of weak data from Japan to China and Indonesia suggested the bounce may be short-lived.

On the broader market, Bursa Malaysia saw a total of 1.54 billion shares worth RM1.54 billion traded. Gainers outnumbered decliners at 497 against 297.

Hubline Bhd was the most-actively traded stock. The leading gainers included United Plantations Bhd and British American Tobacco (M) Bhd.

The bad news persist for Shell Refining Co. though as the company lead the top loser's table today.

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