tag:blogger.com,1999:blog-17740705329921422232024-03-18T18:31:03.880+08:00MONEY MASTERWelcome to MONEY MASTER. Money Master is a financial management and money talk blog where our aim is to become the money master rather than the slave to the money. Making money is no easy job if you treat it as a burden but once money becomes your friend and work for you, that is when cash flows in. Becoming the money master rather than slave to it helps us redefine the whole idea of earning more - it's more like the money working for us.Billy Tohhttp://www.blogger.com/profile/01045076235449699212noreply@blogger.comBlogger2204125tag:blogger.com,1999:blog-1774070532992142223.post-41977472915505747182024-03-18T18:30:00.004+08:002024-03-18T18:30:25.190+08:00Market Daily Report: Bursa ends marginally higher on cautious sentiment<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>KUALA
LUMPUR (March 18): Bursa Malaysia closed marginally higher on Monday as
investors exercised caution before a series of significant central bank
meetings this week, said an analyst. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The markets are awaiting the US Federal Reserve (Fed) and the Bank of Japan’s (BOJ) decisions on interest rates.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>At 5pm,
the FTSE Bursa Malaysia KLCI (FBM KLCI) inched up 0.81 of a point to
1,553.64 from Friday’s (March 15) close of 1,552.83. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjlbglphSty5BEp9MyG5E1HL1lrXP4HJLuUFm7jJ8ZEuJRVePI6cVa_7CU6LMzvGSMDAbMNdUhFNVQmRZ1fjhtsx9KVOG3RPv9wbKK7sXWYKZeI7vtkSfUDzVNbvKaM540sWMBDj07b-1wGe1QiWIzGJMpAyTME8NSdrMvocdjN9G6ds8DxQb0GsWvHlFsy/s1701/bursa03182024.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="bursa03182024.jpg" border="0" data-original-height="879" data-original-width="1701" height="330" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjlbglphSty5BEp9MyG5E1HL1lrXP4HJLuUFm7jJ8ZEuJRVePI6cVa_7CU6LMzvGSMDAbMNdUhFNVQmRZ1fjhtsx9KVOG3RPv9wbKK7sXWYKZeI7vtkSfUDzVNbvKaM540sWMBDj07b-1wGe1QiWIzGJMpAyTME8NSdrMvocdjN9G6ds8DxQb0GsWvHlFsy/w640-h330/bursa03182024.jpg" width="640" /></a></div><br /><p><br /></p><p>The benchmark index, which opened 5.38 points weaker at 1,547.45, moved between 1,544.32 and 1,557.33 throughout the day. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Market
breadth was positive with gainers leading decliners 546 to 480, while
476 counters were unchanged, 805 untraded and 22 others suspended.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Turnover declined to 4.24 billion units worth RM2.79 billion from 4.53 billion units worth RM4.82 billion last Friday. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Rakuten
Trade Sdn Bhd equity research vice president Thong Pak Leng said most
key regional indices closed in positive territory following Beijing's
announcement on the key economic data for the first two months of 2024. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>He said
Beijing's industrial output surged by 7% annually over January and
February, alongside a 5.5% rise in retail sales compared to the previous
year.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p><span></span></p><a name='more'></a>"On the domestic front, we prefer to stay cautious due to increasing global volatility and uncertainties. <p></p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>"Therefore,
we anticipate the FBM KLCI to fluctuate within the 1,540-1,570 range
for the week, with immediate resistance at 1,560 and support at 1,528,"
he said. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Among the
heavyweights, Maybank Bhd and CIMB Group Holdings Bhd added four sen to
RM9.75 and RM6.65, respectively, Public Bank Bhd gained two sen to
RM4.29, Petronas Chemicals Group Bhd fell four sen to RM6.86, and Tenaga
Nasional Bhd was flat at RM11.60. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>As for
the actives, Eversendai Corp Bhd inched up 2.5 sen to 34.5 sen, MyEG
Services Bhd firmed a sen to 81.5 sen, YTL Corp Bhd advanced 14 sen to
RM2.75, Sapura Energy Bhd edged up half a sen to five sen, and Pan
Malaysia Holdings Bhd was flat at 18.5 sen. <br />
<br />
On the index board, the FBM Emas Index was 13.78 points firmer at
11,557.37, the FBMT 100 Index added 13.55 points to 11,218.85, the FBM
ACE Index gained 8.06 points to 4,717.12, and the FBM 70 Index advanced
50.81 points to 15,715.45. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>However, the FBM Emas Shariah Index decreased by 27.59 points to 11,564.01. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Sector-wise,
the Financial Services Index surged 62.42 points to 17,339.05, the
Industrial Products and Services Index added 0.35 of a point to 177.24,
and the Energy Index improved by 12.41 points to 928.41, while the
Plantation Index dipped 6.91 points to 7,285.44. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The Main
Market volume narrowed to 2.83 billion units valued at RM2.5 billion
from 2.87 billion units valued at RM4.5 billion last Friday.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Warrants
turnover tumbled to 836.4 million units worth RM112.35 million from 1.09
billion units worth RM131.42 million previously. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The ACE
Market volume rose to 572.98 million shares worth RM177.51 million from
546.78 million shares worth RM184.68 million previously.</p></div><p>
</p><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Consumer
products and services counters accounted for 298.25 million shares
traded on the Main Market, industrial products and services (386.15
million); construction (321.18 million); technology (839.6 million);
SPAC (nil); financial services (106.23 million); property (362.24
million); plantation (41.99 million); REITs (7.60 million), closed/fund
(64,000); energy (186.04 million); healthcare (44.2 million);
telecommunications and media (52.1 million); transportation and
logistics (60.46 million); and utilities (125.01 million).</p><p><br /></p><p>Source: <a href="https://theedgemalaysia.com/node/704986" rel="nofollow">The Edge</a></p></div>jasontohhttp://www.blogger.com/profile/04940162973639451537noreply@blogger.com0tag:blogger.com,1999:blog-1774070532992142223.post-48511269023209980152024-03-15T18:48:00.004+08:002024-03-15T18:48:52.311+08:00Market Daily Report: Late buying in telcos lift Bursa to end at intraday high<p> <span style="font-size: 18px;">KUALA
LUMPUR (March 15): Late buying in selected heavyweights, led by
telecommunications and media counters pushed Bursa Malaysia to end at
its intraday high for the second day running on Friday, despite the
downbeat sentiment on the regional markets, dealers said.</span></p><div class="news-detail_newsTextDataWrap__PkAu5">
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 9.08 points to 1,552.83 from Thursday's close of 1,543.75.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The benchmark index, which opened 6.8 points weaker at 1,536.95, slipped to its lowest point at 1,535.47 in the early session.</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj13NcDdx1UANH8obGqSBZYEdherAqIPTJwCl2MK_PT9Cn123kUkIc5kCmYGte02d1cAOtjbAk2CKKSTHBe6N1kT-ySLksBAnoMJ91d15ZY9TqZclIn_bTZc6ny3IogU1b3_S6usyhcMF8KDZrvxaHWdtZf1N7TomKedQ4jBCh7aJFCGVLlw-bvDux9EKQi/s1702/bursa03152024.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="bursa03152024.jpg" border="0" data-original-height="875" data-original-width="1702" height="330" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj13NcDdx1UANH8obGqSBZYEdherAqIPTJwCl2MK_PT9Cn123kUkIc5kCmYGte02d1cAOtjbAk2CKKSTHBe6N1kT-ySLksBAnoMJ91d15ZY9TqZclIn_bTZc6ny3IogU1b3_S6usyhcMF8KDZrvxaHWdtZf1N7TomKedQ4jBCh7aJFCGVLlw-bvDux9EKQi/w640-h330/bursa03152024.jpg" width="640" /></a></div><br /><p><br /></p><p>On the
broader market, gainers beat decliners 521 to 474, while 518 counters
were unchanged, 810 untraded and 38 others suspended.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Turnover rose to 4.53 billion units worth RM4.82 billion from 4.34 billion units worth RM2.76 billion on Thursday.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Telekom
Malaysia Bhd and CelcomDigi Bhd were among the top contributors to the
gains in the benchmark index on Friday, rising 51 sen and 12 sen each to
RM6.50 and RM4.41, respectively, contributing a total of 5.58 points.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Rakuten
Trade Sdn Bhd equity research vice president Thong Pak Leng said the key
regional markets closed lower as investor sentiment was impacted by the
major selloff on Wall Street overnight.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p><span></span></p><a name='more'></a>“Elevated
US inflation readings, surpassing expectations, have intensified
worries about enduring higher interest rates, with a flurry of imminent
central bank meetings gaining heightened attention,” he said.<p></p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Back home, he said the increasing daily trading volume suggests an improvement in the overall local sentiment.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>“The benchmark index has rebounded and tested breaking above the 20-day Exponential Moving Average [EMA] today.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>“While
the FBM KLCI experienced a slight rebound and both the 20-day and 50-day
EMAs are showing signs of improvement, indicating a potential shift to a
positive trend in the upcoming sessions, we anticipate choppy market
conditions ahead,” he added.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Among
other heavyweights, Maybank Bhd rose six sen to RM9.71, Public Bank Bhd
and Tenaga Naisonal Bhd perked up four sen each to RM4.27 and RM11.60,
respectively, CIMB Group Holdings Bhd jumped 17 sen to RM6.61, and
Petronas Chemicals Group Bhd added three sen to RM6.90.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>As for
the actives, Hong Seng Consolidated Bhd and TWL Holdings Bhd were flat
at 1.5 sen and 3.5 sen, respectively, while Powerwell Holdings Bhd
slipped a sen to 38 sen, and MrDIY Group (M) Bhd fell two sen to RM1.47.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>On the
index board, the FBM Emas Index was 64.74 points firmer at 11,543.59,
the FBMT 100 Index climbed 63.67 points to 11,205.3, the FBM Emas
Shariah Index increased 55.10 points to 11,591.6, the FBM 70 Index
garnered 81.51 points to 15,664.64, while the FBM ACE Index declined
18.52 points to 4,709.06. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Sector-wise,
the Financial Services Index added 35.27 points to 17,276.63, the
Plantation Index shed 23.41 points to 7,292.35, the Energy Index trimmed
1.77 points to 916, and the Industrial Products and Services Index
ticked up 0.79 of a point to 176.89. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The Main
Market volume narrowed to 2.87 billion units valued at RM4.5 billion
from three billion units valued at RM2.48 billion on Thursday.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Warrants
turnover jumped to 1.09 billion units worth RM131.42 million from 697.25
million units worth RM91.47 million the previous day. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The ACE
Market volume dwindled to 546.78 million shares worth RM184.68 million
from 622.46 million shares worth RM187.89 million previously.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Consumer
products and services counters accounted for 353.38 million shares
traded on the Main Market, industrial products and services (418.72
million); construction (274.16 million); technology (524.82 million);
SPAC (nil); financial services (234.58 million); property (524.04
million); plantation (42.69 million); REITs (22.5 million), closed/fund
(65,000); energy (141.52 million); healthcare (70.96 million);
telecommunications and media (75.36 million); transportation and
logistics (50.15 million); and utilities (132.61 million).</p><p><br /></p><p>Source: <a href="https://theedgemalaysia.com/node/704749" rel="nofollow">The Edge</a></p></div></div>jasontohhttp://www.blogger.com/profile/04940162973639451537noreply@blogger.com0tag:blogger.com,1999:blog-1774070532992142223.post-31589430501088223482024-03-14T20:52:00.001+08:002024-03-14T20:52:10.767+08:00Market Daily Report: Late buying lifts Bursa to end at intraday high<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>KUALA
LUMPUR (March 14): Late buying in selected industrial products and
services as well as plantation counters pushed Bursa Malaysia to end at
its intraday high on Thursday, amidst the mixed sentiment on regional
bourses, dealers said.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.62 points to 1,543.75 from Wednesday's close of 1,538.13.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The
benchmark index, which opened 2.53 points weaker at 1,535.6, slipped to
its lowest point at 1,533.8 in the early morning session.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>On the
broader market, gainers beat decliners 513 to 478, while 493 counters
were unchanged, 830 untraded and 26 others suspended.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjvKXQ3rX4XpEBvjbQH006MaBf8VFDVBHAh2XrqTEZkVZmm-e9lq3SnOehJ99LKeA2pgs7tqmIlq1KHMTQ8VS16OiTDk36z3tn3P_y9XS1_2Nt1hCuaYFWb49LIyp9Km5mboCuO21oi6rkF5Qn2aew51r0Xsnt1MLsrqyEm349POq43nmnF-dYK5teYSOgp/s1701/bursa03142024.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="880" data-original-width="1701" height="332" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjvKXQ3rX4XpEBvjbQH006MaBf8VFDVBHAh2XrqTEZkVZmm-e9lq3SnOehJ99LKeA2pgs7tqmIlq1KHMTQ8VS16OiTDk36z3tn3P_y9XS1_2Nt1hCuaYFWb49LIyp9Km5mboCuO21oi6rkF5Qn2aew51r0Xsnt1MLsrqyEm349POq43nmnF-dYK5teYSOgp/w640-h332/bursa03142024.jpg" alt="bursa03142024.jpg" width="640" /></a></div><br /><p><br /></p><p>Turnover rose to 4.34 billion units worth RM2.76 billion from 4.18 billion units worth RM2.73 billion on Wednesday.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Petronas
Chemicals Group Bhd and Sime Darby Plantation Bhd were among the top
contributors to the gains in the benchmark index, rising six sen each to
RM6.87 and RM4.39, respectively, contributing a total 1.49 points.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Rakuten
Trade Sdn Bhd equity research vice president Thong Pak Leng said the
KLCI closed marginally higher as investors seized the opportunity to
bargain hunt for plantation stocks at lower levels following Wednesday's
selloff.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p><span></span></p><a name='more'></a>“The key
regional indices ended mixed due to mixed cues from Wall Street
overnight. Investor sentiment was also dampened by increasing
speculation that the Bank of Japan might consider ending its negative
interest rate policy in its upcoming meeting,” he said.<p></p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>On a
positive note, Thong said expectations still favour the US Federal
Reserve initiating rate cuts in June. This is primarily because the
longer-term trend for inflation seems to be downward.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>“On the
local bourse, we anticipate investor sentiment to remain positive as the
increasing daily trading volume signifies a higher appetite for the
market. Therefore, we anticipate the FBM KLCI to trend within the
1,540-1,550 range towards the weekend,” he said.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Among
other heavyweights, Maybank Bhd rose three sen to RM9.65, Public Bank
Bhd perked up a sen to RM4.23, Tenaga Nasional Bhd advanced two sen to
RM11.56, CIMB Group Holdings Bhd was flat at RM6.70, and IHH Healthcare
Bhd slipped three sen to RM6.10.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>As for
the actives, Hong Seng Consolidated Bhd and TWL Holdings Bhd were flat
at 1.5 sen and 3.5 sen, respectively, Eversendai Corp Bhd declined six
sen to 33 sen, and Pan Malaysia Holdings Bhd put on half a sen to 20.5
sen.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Meanwhile
in a filing on the exchange, Bursa Malaysia said that the short selling
under intraday short selling (IDSS) for stock Comintel Corp has been
suspended for the rest of the day as the Last Done Price of the Approved
Securities dropped more than 15 per cent/15 Sen from the Reference
Price.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>“The short selling under IDSS will only be activated the following trading day, Friday March 15, 2024, at 8.30 am,” it said.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>On the
index board, the FBM Emas Index was 35.67 points firmer at 11,478.58,
the FBMT 100 Index climbed 36.41 points to 11,141.63, the FBM Emas
Shariah Index increased 41.26 points to 11,536.5, the FBM 70 Index
garnered 33.62 points to 15,583.13, and the FBM ACE Index improved 21.16
points to 4,727.58. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Sector-wise,
the Financial Services Index added 5.79 points to 17,241.36, the
Plantation Index surged 40.56 points to 7,315.76, the Energy Index
advanced 11.27 points to 917.77, and the Industrial Products and
Services Index ticked up 0.41 of a point to 176.1. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The Main
Market volume expanded to 3.0 billion units valued at RM2.48 billion
from 2.91 billion units valued at RM2.46 billion on Wednesday.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Warrants
turnover slid to 697.25 million units worth RM91.47 million from 707.51
million units worth RM85.01 million the previous day. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Meanwhile,
the ACE Market volume swelled to 622.46 million shares worth RM187.89
million from 549.03 million shares worth RM183.93 million previously.</p></div><p>
</p><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Consumer
products and services counters accounted for 300.37 million shares
traded on the Main Market, industrial products and services (351.25
million); construction (662.54 million); technology (753.54 million);
SPAC (nil); financial services (130.33 million); property (394.59
million); plantation (41.8 million); REITs (6.89 million), closed/fund
(3,200); energy (118.26 million); healthcare (43.27 million);
telecommunications and media (31.83 million); transportation and
logistics (116.83 million); and utilities (51.18 million).</p><p><br /></p><p>Source: <a href="https://theedgemalaysia.com/node/704597" rel="nofollow">The Edge</a></p></div>jasontohhttp://www.blogger.com/profile/04940162973639451537noreply@blogger.com0tag:blogger.com,1999:blog-1774070532992142223.post-42242817641395373052024-03-13T20:01:00.001+08:002024-03-13T20:01:12.170+08:00Market Daily Report: Bursa snaps four-day winning streak to end 1% lower<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>KUALA
LUMPUR (March 13): Bursa Malaysia snapped its four-day winning streak to
close lower on Wednesday, driven by continuous profit taking in
heavyweights led by plantation stocks, dealers said.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 16.43 points or 1.05% to 1,538.13 from Tuesday's close of 1,554.56.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The benchmark index, which opened 11.05 points weaker at 1,543.51, moved between 1,536.76 and 1,544.74 throughout the day.</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjgjOFEdqBASGxC1PGhVJ5i4QirjUt_sal8MLe6nlS79JP807SAf8k7arK-VLTyu4xKBVjpYTQPhP4KI28qYkwQruIwn44su_s_tW9dSx3ASP6ITaldhyHy2_4gYWgXj3Zui59aYuUj8lHUrRs1BrWSvzQ9NihbZ27kAimf_Dd2Oa-CvUHv7VGFBnXY263K/s1701/bursa03132024.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="884" data-original-width="1701" height="332" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjgjOFEdqBASGxC1PGhVJ5i4QirjUt_sal8MLe6nlS79JP807SAf8k7arK-VLTyu4xKBVjpYTQPhP4KI28qYkwQruIwn44su_s_tW9dSx3ASP6ITaldhyHy2_4gYWgXj3Zui59aYuUj8lHUrRs1BrWSvzQ9NihbZ27kAimf_Dd2Oa-CvUHv7VGFBnXY263K/w640-h332/bursa03132024.jpg" alt="bursa03132024.jpg" width="640" /></a></div><br /><p><br /></p><p>On
the broader market, however, gainers beat decliners 519 to 478, while
516 counters were unchanged, 801 untraded and 12 others suspended.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Turnover fell to 4.18 billion units worth RM2.73 billion from 4.28 billion units worth RM2.93 billion on Tuesday.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Rakuten
Trade Sdn Bhd equity research vice president Thong Pak Leng said key
regional indices saw gains due to a substantial influx of global funds,
while investors await US inflation data which is poised to influence the
timing of the Federal Reserve's rate cut.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>“With the
upswing in investor sentiment, buying is expected, supported by
consistent and strong inflow of foreign funds into the region, while the
increasing daily trading volume signifies higher appetite for the
market.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p><span></span></p><a name='more'></a>“As a
result, we are adjusting our weekly FBM KLCI target range upwards to
1,540-1,560, with immediate resistance at 1,560 and support at 1,520,”
he said.<p></p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Among the
heavyweights, Maybank Bhd rose 10 sen to RM9.62, Public Bank Bhd added a
sen to RM4.22, Tenaga Nasional Bhd went up six sen to RM11.54 while
CIMB Group Holdings Bhd slipped two sen to RM6.70 and Petronas Chemicals
Group Bhd declined 11 sen to RM6.81.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>As for
the actives, Hong Seng Consolidated Bhd and Borneo Oil Bhd were flat at
1.5 sen and one sen respectively, Pan Malaysia Holdings Bhd shed 2.5 sen
to 20 sen while Eversendai Corp Bhd climbed 18.5 sen to 39 sen.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Meanwhile
in a filing on Wednesday, Bursa Malaysia has announced the change of
name of Comintel Corp Bhd to Binastra Corp Bhd effective 9am on Friday
(March 15).<br />
<br />
On the index board, the FBM Emas Index was 68.26 points weaker at
11,443.18, the FBMT 100 Index fell 76.47 points to 11,105.22, the FBM
Emas Shariah Index decreased 36.15 points to 11,495.24, the FBM 70 Index
garnered 66.62 points to 15,549.51, and the FBM ACE Index trimmed 15.59
points to 4,706.42. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Sector-wise,
the Financial Services Index dropped 207.45 points to 17,235.57, the
Plantation Index dipped 81.4 points to 7,275.2, the Energy Index
advanced 9.46 points to 906.5 and the Industrial Products and Services
Index ticked down 0.3 of a point to 175.69. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The Main
Market volume expanded to 2.91 billion units valued at RM2.46 billion
from 2.65 billion units valued at RM2.65 billion on Tuesday.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Warrant
turnover narrowed to 707.51 million units worth RM85.01 million from
1.08 billion units worth RM126.67 million the previous day. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Meanwhile,
the ACE Market volume advanced to 549.03 million shares worth RM183.93
million from 526.58 million shares worth RM148.18 million previously.</p></div><p>
</p><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Consumer
products and services counters accounted for 619.52 million shares
traded on the Main Market, industrial products and services (467.15
million); construction (394.94 million); technology (599.84 million);
SPAC (nil); financial services (137.43 million); property (371.77
million); plantation (47.57 million); REITs (11.68 million), closed/fund
(114,900); energy (92.94 million); healthcare (43.71 million);
telecommunications and media (20.98 million); transportation and
logistics (35.89 million); and utilities (70.05 million).</p><p><br /></p><p>Source: <a href="https://theedgemalaysia.com/node/704451" rel="nofollow">The Edge</a></p></div>jasontohhttp://www.blogger.com/profile/04940162973639451537noreply@blogger.com0tag:blogger.com,1999:blog-1774070532992142223.post-31769701150508335472024-03-12T18:59:00.004+08:002024-03-12T18:59:40.627+08:00Market Daily Report: Bursa extends gains to close higher for fourth straight day<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>KUALA
LUMPUR (March 12): Bursa Malaysia extended its gains to close higher for
the fourth straight day on Tuesday, supported by continuous buying in
most heavyweights amidst the recovery tone in regional markets, a dealer
said.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 9.85 points to 1,554.56 from Monday's close of 1,544.71.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The benchmark index, which opened 0.24 of a point higher at 1,544.95, moved between 1,541.36 and 1,556.71 throughout the day.</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2IKh9T1Sx7vi0-0Psh8feF2y3_TK1grlh08kdwZfCyZybYHnpbLb5gVmqgYKLkyaIOjI16-abGc9HySoiaQViFqUPZHYmULSUh81rE9gpgFa8ZKH2mWBUDLIKA9rFx04dmyCaOd7oJqexerlx1dRcVSozb110Stu6N8M3YmJ796BtQyUaYkSw8jALAllC/s1698/bursa03122024.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="882" data-original-width="1698" height="332" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2IKh9T1Sx7vi0-0Psh8feF2y3_TK1grlh08kdwZfCyZybYHnpbLb5gVmqgYKLkyaIOjI16-abGc9HySoiaQViFqUPZHYmULSUh81rE9gpgFa8ZKH2mWBUDLIKA9rFx04dmyCaOd7oJqexerlx1dRcVSozb110Stu6N8M3YmJ796BtQyUaYkSw8jALAllC/w640-h332/bursa03122024.jpg" alt="bursa03122024.jpg" width="640" /></a></div><br /><p><br /></p><p>On
the broader market, gainers beat decliners 505 to 484, while 479
counters were unchanged, 802 untraded, and 12 others suspended.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Turnover rose to 4.28 billion units worth RM2.93 billion from 3.64 billion units worth RM2.71 billion on Monday.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Rakuten
Trade Sdn Bhd equity research vice president, Thong Pak Leng said key
regional indices saw gains due to a substantial influx of global funds,
while investors await US inflation data which is poised to influence the
timing of the US Federal Reserve's rate cut.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>“With the
upswing in investor sentiment, buying is expected, supported by
consistent and strong inflow of foreign funds into the region, while the
increasing daily trading volume signifies higher appetite for the
market.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p><span></span></p><a name='more'></a>“As a
result, we are adjusting our weekly FBM KLCI target range upwards to
1,540-1,560, with immediate resistance at 1,560 and support at 1,520,”
he said.<p></p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Among the
heavyweights, Maybank Bhd and Public Bank Bhd added a sen each to
RM9.83 and RM4.31, respectively, CIMB Group Holdings Bhd rose five sen
to RM6.72, Petronas Chemicals Group Bhd climbed seven sen to RM6.92 and
Tenaga Nasional Bhd jumped 24 sen to RM11.48.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>As for
the actives, CTOS Digital Bhd declined 20 sen to RM1.25 and Hong Seng
Consolidated Bhd eased half a sen to 1.5 sen, while Pan Malaysia
Holdings Bhd garnered 8.5 sen to 22.5 sen and TWL Holdings Bhd was flat
at 3.5 sen.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>On the
index board, the FBM Emas Index was 58.06 points firmer at 11,511.44,
the FBMT 100 Index rose 61.18 points to 11,181.69, the FBM Emas Shariah
Index increased 80.72 points to 11,531.39, the FBM 70 Index garnered
44.6 points to 15,482.89, and the FBM ACE Index perked 23.37 points to
4,722.01. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Sector-wise,
the Financial Services Index gained 38.37 points to 17,443.02, the
Plantation Index increased 53.66 points to 7,356.6, the Energy Index
advanced 2.43 points to 897.04 and the Industrial Products and Services
Index ticked up 0.58 of a point to 175.99. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The Main
Market volume expanded to 2.65 billion units valued at RM2.65 billion
from 2.35 billion units valued at RM2.45 billion on Monday.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Warrant
turnover widened to 1.08 billion units worth RM126.67 million from
728.69 million units worth RM100.23 million the previous day. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Meanwhile,
the ACE Market volume swelled to 526.58 million shares worth RM148.18
million from 541.56 million shares worth RM164.55 million previously.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Consumer
products and services counters accounted for 529.98 million shares
traded on the Main Market, industrial products and services (413.07
million); construction (92.07 million); technology (680.38 million);
SPAC (nil); financial services (137.12 million); property (387.74
million); plantation (62.04 million); REITs (14.72 million), closed/fund
(17,600); energy (139.04 million); healthcare (66.31 million);
telecommunications and media (30.31 million); transportation and
logistics (37.66 million); and utilities (62.68 million).</p><p><br /></p><p>Source: <a href="https://theedgemalaysia.com/node/704315" rel="nofollow">The Edge</a></p></div>jasontohhttp://www.blogger.com/profile/04940162973639451537noreply@blogger.com0tag:blogger.com,1999:blog-1774070532992142223.post-46582234243031579042024-03-11T18:30:00.001+08:002024-03-11T18:30:13.433+08:00Market Daily Report: Bursa closes higher for third straight day<div class="news-detail_newsTextDataWrap__PkAu5"><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>KUALA
LUMPUR (March 11): Bursa Malaysia closed higher for the third straight
trading day on Monday, supported by continuous buying in most
heavyweights, amid the mixed tone on the regional markets, a dealer
said.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.85 points to 1,544.71 from last Friday's (March 8) close of 1,539.86.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The
benchmark index, which opened 2.15 points higher at 1,542.01, moved
within a narrow range between 1,540.77 and 1,547.48 throughout the day.</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhPwxu26TFtcGnIAf78axgSiw7LMs9vKfp8-NK1CGlkou1_s23vWsEOGYAfvk6wuBFDOME7sQxL0a14SkCTQYdEO3sHKjTUzGjDV1-Bi1-6ShN-cazvukpVkutfuSCZIlZTNEAn8SNDUs3BM-5pguLYe61azZymoNAI0O2vH8AZHEV8m5ZcYSiADUdFFhp2/s1919/bursa03112024.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="878" data-original-width="1919" height="292" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhPwxu26TFtcGnIAf78axgSiw7LMs9vKfp8-NK1CGlkou1_s23vWsEOGYAfvk6wuBFDOME7sQxL0a14SkCTQYdEO3sHKjTUzGjDV1-Bi1-6ShN-cazvukpVkutfuSCZIlZTNEAn8SNDUs3BM-5pguLYe61azZymoNAI0O2vH8AZHEV8m5ZcYSiADUdFFhp2/w640-h292/bursa03112024.jpg" alt="bursa03112024.jpg" width="640" /></a></div><br /><p><br /></p><p><br /></p><p>On the
broader market, gainers beat decliners 518 to 460, while 468 counters
were unchanged, 813 untraded, and 12 others suspended.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Turnover rose to 3.64 billion units worth RM2.71 billion from 3.03 billion units worth RM2.73 billion last Friday.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Rakuten
Trade Sdn Bhd equity research vice president Thong Pak Leng said the
KLCI finished higher with strong buying in gaming, telecommunications
and commodity-related stocks while the key regional indices trended
mostly lower following a negative cue from Wall Street last Friday.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p><span></span></p><a name='more'></a>“Investors
are wary of the key US inflation data which will impact the outlook of
the interest rate. Meanwhile, China and Hong Kong stocks closed higher
on news that China is moving away from deflation, marking a crucial
shift in the economic scenario,” he said.<p></p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>According to Thong, investors are now actively assessing growth opportunities in the world's second-largest economy.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>“Despite
positive signals in the local market sentiment, we maintain a cautious
stance domestically on ongoing elevated market volatility in the near
term.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>“As such,
we expect the FBM KLCI to trend sideways with an upside bias within the
1,530-1,550 range for the week, with immediate resistance at 1,560 and
support at 1,520,” he said.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Among the
heavyweights, Maybank Bhd added seven sen to RM9.82, Public Bank Bhd
advanced a sen to RM4.30, CIMB Group Holdings Bhd rose two sen to
RM6.67, Petronas Chemicals Group Bhd climbed nine sen to RM6.90, while
Tenaga Nasional Bhd slipped four sen to RM11.24.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>As
for the actives, Hong Seng Consolidated Bhd added a sen to two sen, TWL
Holdings Bhd and Pegasus Heights Bhd were flat at 3.5 sen and half a
sen, respectively, while Minetech Resources Bhd shed a sen to 13.5 sen.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>On the
index board, the FBM Emas Index was 30.24 points firmer at 11,453.38,
the FBMT 100 Index rose 32.46 points to 11,120.51, the FBM Emas Shariah
Index increased 26.69 points to 11,450.67, the FBM 70 Index garnered
34.91 points to 15,438.29, and the FBM ACE Index perked 9.59 points to
4,698.64. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Sector-wise,
the Financial Services Index gained 35.91 points to 17,404.65, the
Plantation Index increased 13.39 points to 7,302.94, the Energy Index
slipped 8.96 points to 894.61, while the Industrial Products and
Services Index ticked up 1.25 points to 175.41. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The Main
Market volume expanded to 2.35 billion units valued at RM2.45 billion
from 1.8 billion units valued at RM2.31 billion last Friday.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Warrants
turnover declined to 728.69 million units worth RM100.23 million from
798.79 million units worth RM115.89 million previously. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The ACE
Market volume swelled to 541.56 million shares worth RM164.55 million
from 429.91 million shares worth RM128.38 million on Friday.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Consumer
products and services counters accounted for 279.7 million shares traded
on the Main Market, industrial products and services (420.63 million);
construction (110.64 million); technology (530.88 million); SPAC (nil);
financial services (193.27 million); property (431.34 million);
plantation (37.15 million); REITs (15.36 million), closed/fund
(178,700); energy (157.86 million); healthcare (43.23 million);
telecommunications and media (26.54 million); transportation and
logistics (27.67 million); and utilities (76.16 million).</p><p><br /></p><p>Source: <a href="https://theedgemalaysia.com/node/704167" rel="nofollow">The Edge</a></p></div></div>jasontohhttp://www.blogger.com/profile/04940162973639451537noreply@blogger.com0tag:blogger.com,1999:blog-1774070532992142223.post-22150206307012602222024-03-08T20:53:00.000+08:002024-03-08T20:53:04.053+08:00Market Daily Report: Bursa closes marginally higher in line with regional trend<p> <span style="font-size: 18px;">KUALA
LUMPUR (March 8): Bursa Malaysia closed marginally higher on Friday in
line with the positive tone from the regional markets, ahead of the US
Nonfarm Payrolls data announcement later on Friday night.</span></p>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) added 4.03 points to 1,539.86 from Thursday's close of 1,535.83.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The
benchmark index, which opened 0.69 of a point higher at 1,536.52, moved
within a narrow range between 1,535.32 and 1,541.15 throughout the day.</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgpwMvhuovqy0tbep_maxX8dQkgCR8RFo-UjznsN-CZ3YbWaNNIK-P_FjyxTPR2rBUlljz-KBA4Fe_xe5vDgg79Mmb8y5RN2Y2hfaFew-GvL7FVIgxb3zHBEbZvASDPDvda4O7C1TdFe_kyGoRfoH-75SEzvkH2cnYF0CY9bdumPCwTwkKvA4BpanNbjfPT/s1699/bursa03082024.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="bursa03082024.jpg" border="0" data-original-height="879" data-original-width="1699" height="332" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgpwMvhuovqy0tbep_maxX8dQkgCR8RFo-UjznsN-CZ3YbWaNNIK-P_FjyxTPR2rBUlljz-KBA4Fe_xe5vDgg79Mmb8y5RN2Y2hfaFew-GvL7FVIgxb3zHBEbZvASDPDvda4O7C1TdFe_kyGoRfoH-75SEzvkH2cnYF0CY9bdumPCwTwkKvA4BpanNbjfPT/w640-h332/bursa03082024.jpg" width="640" /></a></div><br /><p><br /></p><p>On
the broader market, decliners beat gainers 495 to 486, while 425
counters were unchanged, 870 untraded, and 29 others suspended.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>However, turnover fell to 3.03 billion units worth RM2.73 billion from 3.65 billion units worth RM2.66 billion on Thursday.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Mohd
Sedek Jantan, head of wealth research and advisory and designated
portfolio manager at UOB Kay Hian Wealth Advisors, said the KLCI is
poised for potential upward movement ahead of the release of crucial US
jobs data on Friday night.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>“Investors
are meticulously assessing various factors, including the prospect of
rate cuts and the resumption of foreign net selling.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>“Notably,
sectors such as plantation, financial services, and energy are leading
the gains, with the plantation sector particularly demonstrating an
upward trend over the past three days, driven by market concerns over
supply issues,” he said.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>On a
regional basis, Asian stock markets are predominantly on an upward
trajectory, buoyed by encouraging signals from global markets and
growing anticipation of interest rate cuts by major central banks.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p><span></span></p><a name='more'></a>Among
heavyweight counters, Maybank Bhd added five sen to RM9.75, CIMB Group
Holdings Bhd rose 13 sen to RM6.65, Tenaga Nasional Bhd perked up 12 sen
to RM11.28, while Public Bank Bhd slid a sen to RM4.29, and Petronas
Chemicals Group Bhd eased 13 sen to RM6.81.<p></p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>As for
the active stocks, AMMB Holdings Bhd gained 18 sen to RM4.13, while YTL
Power International Bhd down 16 sen to RM3.67, YTL Corp Bhd slipped
nine sen to RM2.50, MyEG Services Bhd dropped 1.5 sen to 77.5 sen, and
Matang Bhd inched down 1.5 sen to 8.5 sen.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>On the
index board, the FBM Emas Index was 30.14 points firmer at 11,423.14,
the FBMT 100 Index improved 32.59 points to 11,088.05, the FBM Emas
Shariah Index increased 22.34 points to 11,423.98 and the FBM 70 Index
garnered 60.11 points to 15,403.38, while the FBM ACE Index slid 16.23
points to 4,689.05. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Sector-wise,
the Financial Services Index jumped 104.9 points to 17,368.74, the
Plantation Index increased 48.52 points to 7,316.33, the Energy Index
climbed 6.36 points to 903.57, while the Industrial Products and
Services Index eased 0.89 of a point to 174.16. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The Main
Market volume decreased to 1.8 billion units valued at RM2.48 billion
from 1.86 billion units valued at RM2.31 billion on Thursday.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Warrants
turnover dwindled to 798.79 million units worth RM115.89 million from
1.04 billion units worth RM137.33 million previously. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The ACE
Market volume declined to 429.91 million shares worth RM128.38 million
from 624.71 million shares worth RM146.57 million the day before.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Consumer
products and services counters accounted for 268.77 million shares
traded on the Main Market, industrial products and services (389.14
million); construction (117.3 million); technology (172.82 million);
SPAC (nil); financial services (155.51 million); property (286.73
million); plantation (58.71 million); REITs (14.42 million), closed/fund
(34,800); energy (107.15 million); healthcare (42.91 million);
telecommunications and media (22.8 million); transportation and
logistics (21.69 million); and utilities (138.93 million).</p><p><br /></p><p>Source: <a href="https://theedgemalaysia.com/node/703977" rel="nofollow">The Edge</a></p></div>jasontohhttp://www.blogger.com/profile/04940162973639451537noreply@blogger.com0tag:blogger.com,1999:blog-1774070532992142223.post-39981594948480998462024-03-07T22:18:00.006+08:002024-03-07T22:18:48.798+08:00Market Daily Report: Bursa closes higher as OPR kept unchanged<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>KUALA
LUMPUR (March 7): Bursa Malaysia closed higher on Thursday as risk
appetite was lifted after Bank Negara Malaysia (BNM) kept the overnight
policy rate (OPR) unchanged at 3%, a move seen as supportive of the
domestic economy.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) added 4.32 points to 1,535.83 from Wednesday's close of 1,531.51.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The
benchmark index, which opened 0.19 of a point higher at 1,531.7, moved
within a narrow range between 1,531.7 and 1,539.6 throughout the day.</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhAhUtRAtnEY6kHOr6kjpTvviHRasSl4o9iUOKZWSnM_rTSNFFwW6HHmx10f7TlZaCAOK3NzqlKXKQshhxZhwavbPezv6yD8UBDa7llAUHKsM8-Xn2HMc_iaNnwVTAcn2TrIokzh8W73OxCVRRp2rIS0dTpIVLuC7hlsK7oYV9v_eVs3iKHdrz2qryvoJ1b/s1697/bursa0307024.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="880" data-original-width="1697" height="332" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhAhUtRAtnEY6kHOr6kjpTvviHRasSl4o9iUOKZWSnM_rTSNFFwW6HHmx10f7TlZaCAOK3NzqlKXKQshhxZhwavbPezv6yD8UBDa7llAUHKsM8-Xn2HMc_iaNnwVTAcn2TrIokzh8W73OxCVRRp2rIS0dTpIVLuC7hlsK7oYV9v_eVs3iKHdrz2qryvoJ1b/w640-h332/bursa0307024.jpg" alt="bursa0307024.jpg" width="640" /></a></div><br /><p><br /></p><p>On
the broader market, gainers outnumbered decliners 546 to 452, while 430
counters were unchanged, 847 untraded and 29 suspended.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>However, turnover fell to 3.55 billion units worth RM2.60 billion from 3.65 billion units worth RM2.66 billion on Wednesday.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Mohd
Sedek Jantan, head of wealth research and advisory and a designated
portfolio manager at UOB Kay Hian Wealth Advisors, said the market was
buoyed by the Malaysian central bank’s decision to maintain the OPR at
3%, in line with analysts' forecasts.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p><span></span></p><a name='more'></a>“Looking
ahead, tomorrow's [March 8] release of US non-farm payroll numbers,
unemployment rate and wage data are anticipated to align with market
expectations, further justifying the case for the US Federal Reserve
[Fed] to consider reducing interest rates in the second half of the
year,” he said.<p></p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Fed
chairman Jerome Powell, in his two-day Congressional testimony beginning
on Wednesday, reportedly said that interest rates will be cut this year
but borrowing costs will remain high going forward. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Sedek
also noted that Malaysia's primary trading partner, China, reported
robust export and import growth for February, with export growth
accelerating to 7.1% year-on-year and imports expanding by 3.5%. “We
anticipate that Malaysia's exports to China will improve following the
decline observed in January, in line with this positive development,” he
added.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Among
heavyweight counters, Maybank Bhd added six sen to RM9.70, CIMB Group
Holdings Bhd rose a sen to RM6.52 while Public Bank Bhd and Tenaga
Nasional Bhd were unchanged at RM4.30 and RM11.16, respectively.
Petronas Chemicals Group Bhd slid to two sen to RM6.94.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>As for
the active stocks, Powerwell Holdings Bhd rallied 5.5 sen to 36.5 sen,
Econpile Holdings Bhd added 4.5 sen to RM4.10 and Velesto Energy Bhd
inched up one sen to 28 sen. Widad Group Bhd and TWL Holdings Bhd were
both flat at 9.5 sen and 3.5 sen, respectively.<br />
<br />
On the index board, the FBM Emas Index gained 32.26 points to 11,392.99,
the FBMT 100 Index added 29.02 points to 11,055.46 and the FBM Emas
Shariah Index increased 35.71 points to 11,401.64. The FBM 70 Index
bagged 31.67 points to 15,343.27 and the FBM ACE Index gained 23.84
points to 4,705.28.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Sector-wise,
the Financial Services Index picked up 32.02 points to 17,263.84, the
Plantation Index garnered 47.77 points to 7,267.81 and the Energy Index
improved by 1.34 points to 897.21. The Industrial Products and Services
Index edged up 0.64 of a point to 175.05. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The Main
Market volume expanded to 1.86 billion units valued at RM2.31 billion
from 1.7 billion units valued at RM2.34 billion on Wednesday.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Warrant
turnover dropped to 1.04 billion units worth RM137.33 million from 1.3
billion units worth RM174.73 million previously. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The ACE
Market volume dropped to 624.71 million shares worth RM146.57 million
from 642.46 million shares worth RM151.44 million the day before.</p></div><p>
</p><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Consumer
products and services counters accounted for 247.55 million shares
traded on the Main Market, industrial products and services (319.63
million); construction (182.93 million); technology (168.32 million);
SPAC (nil); financial services (124.16 million); property (378.82
million); plantation (107.61 million); REITs (9.20 million), closed/fund
(11,200); energy (143.55 million); healthcare (55.17 million);
telecommunications and media (20.89 million); transportation and
logistics (20.09 million); and utilities (78.06 million).</p><p><br /></p><p>Source: <a href="https://theedgemalaysia.com/node/703828" rel="nofollow">The Edge</a></p></div>jasontohhttp://www.blogger.com/profile/04940162973639451537noreply@blogger.com0tag:blogger.com,1999:blog-1774070532992142223.post-25068479393746536722024-03-06T20:02:00.006+08:002024-03-06T20:02:56.618+08:00Market Daily Report: Bursa ends marginally lower for second day running<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>KUALA
LUMPUR (March 6 ): Bursa Malaysia continued to decline to close lower
for a second consecutive day on Wednesday in lacklustre trading as
investors took profits after the recent rally against the backdrop of
significant data releases and economic meetings this week, a dealer
said.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 5.47 points to 1,531.51 from Tuesday's close of 1,536.98.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The
benchmark index, which opened 4.53 points lower at 1,532.45, moved
within a narrow range between 1,527.92 and 1,535.2 throughout the day.</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbuiR9VJSJ0_q4ciL0AUMOu5M8cArL_LvMz5xyAJfFUgAaMLos1pEP_ejFXKAiXTzksDi5Ysl3MJ7_170JT1xS01f2HSWRJU4tVZJfSuBpmQDgCj7RFe0UsjiJOzDES0IjjJiKZ8znlSD6lcEeGVOPWZm5b4HJcOK4Ax58JTp2wXtCx16yEUaDz0AzwWth/s1703/bursa0306024.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="884" data-original-width="1703" height="332" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbuiR9VJSJ0_q4ciL0AUMOu5M8cArL_LvMz5xyAJfFUgAaMLos1pEP_ejFXKAiXTzksDi5Ysl3MJ7_170JT1xS01f2HSWRJU4tVZJfSuBpmQDgCj7RFe0UsjiJOzDES0IjjJiKZ8znlSD6lcEeGVOPWZm5b4HJcOK4Ax58JTp2wXtCx16yEUaDz0AzwWth/w640-h332/bursa0306024.jpg" alt="bursa0306024.jpg" width="640" /></a></div><br /><p><br /></p><p>On
the broader market, losers outpaced gainers 588 to 422, while 439
counters were unchanged, 814 untraded and 13 others suspended.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Turnover fell to 3.65 billion units worth RM2.66 billion from 3.81 billion units worth RM2.8 billion the previous day.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p><span></span></p><a name='more'></a>Head of
wealth research & advisory, designated portfolio manager at UOB Kay
Hian Wealth Advisors Mohd Sedek Jantan said currently, all eyes are on
the US Federal Reserve chair Jerome Powell's two-day Congressional
testimony beginning on Wednesday, followed by Bank Negara's overnight
policy rate (OPR) announcement on Thursday.<p></p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>“Additionally, this Friday's [March 8] Nonfarm Payrolls report holds significant importance for market participants,” he said.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Besides,
he said Tuesday's disappointment over China's conservative economic
growth target for 2024 has further fuelled caution for investors.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The
Chinese government reportedly set a conservative 5% economic growth
target for 2024, significantly lower than the previous double-digit
figures.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>On the
local bourse, heavyweights Public Bank Bhd and CIMB Group Holdings Bhd
eased two sen to RM4.30 and RM6.51, Tenaga Nasional Bhd was flat at
RM11.16, while Maybank Bhd added one sen to RM9.64, and Petronas
Chemicals Group Bhd rose 10 sen to RM6.96.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>As for
the actives, Harvest Miracle Capital Bhd declined 1.5 sen to 12 sen,
Velesto Energy Bhd shrank two sen to 27 sen, Widad Group Bhd was flat at
9.5 sen, while Minetech Resources Bhd perked up half a sen to 15 sen,
and Notion Vtec Bhd climbed a sen to 52.5 sen.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>On the
index board, the FBM Emas Index declined 36.27 points to 11,360.73, the
FBMT 100 Index trimmed 38.85 points to 11,026.44, the FBM ACE Index fell
17.72 points to 4,681.44, the FBM Emas Shariah Index lost 19.16 points
to 11,365.93, and the FBM 70 Index dropped 51.81 points to 15,311.6.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Sector-wise,
the Financial Services Index tumbled 58.31 points to 17,231.82, the
Energy Index slipped 11.4 points to 895.87, the Industrial Products and
Services Index eased 0.06 of a point to 174.41, while the Plantation
Index firmed 41.75 points to 7,220.04.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The Main
Market volume fell to 1.7 billion units valued at RM2.34 billion from
1.99 billion units valued at RM2.51 billion on Tuesday.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Warrants
turnover increased to 1.3 billion units worth RM174.73 million from 1.22
billion units worth RM151.75 million previously. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The ACE
Market volume expanded to 642.46 million shares worth RM151.44 million
from 595.83 million shares worth RM140.07 million on Tuesday.</p></div><p>
</p><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Consumer
products and services counters accounted for 246.02 million shares
traded on the Main Market, industrial products and services (308.12
million); construction (80.25 million); technology (250.69 million);
SPAC (nil); financial services (152.27 million); property (235.65
million); plantation (93.59 million); REITs (10.9 million), closed/fund
(8,200); energy (149.49 million); healthcare (43.63 million);
telecommunications and media (21.18 million); transportation and
logistics (24.15 million); and utilities (82.83 million).<br /><br /></p><p><br /></p><p>Source: <a href="https://theedgemalaysia.com/node/703659" rel="nofollow">The Edge</a></p></div>jasontohhttp://www.blogger.com/profile/04940162973639451537noreply@blogger.com0tag:blogger.com,1999:blog-1774070532992142223.post-76832143625285896812024-03-05T21:16:00.003+08:002024-03-05T21:16:52.178+08:00Market Daily Report: Bursa recoups most of earlier losses to close slightly lower<p><span style="font-size: 16px;">KUALA
LUMPUR (March 5): Bursa Malaysia recouped most of its earlier losses to
close slightly lower on Tuesday as late buying in gaming,
telecommunications and banking stocks supported the benchmark index,
amid the downbeat performance in most regional markets, dealers said.</span></p>
<div class="newsTextDataWrapInner" style="font-size: 16px;"><p>At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) shed 2.29 points to 1,536.98 from Monday's close of 1,539.27.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 16px;"><p>The benchmark index, which opened 1.35 points lower at 1,537.92, moved between 1,518.84 and 1,537.92 throughout the day.</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvBWR27tJi8ZPNlxBAJp-TOjWMTc9eqyQ3fs51Cw5m1XO-5bM2Xk5RXYV5f4_06vejX7F2a_xZirXN1Plb4-g6UGzAz6lBTcCY2Km2horAtk_MGlEf2r_FiOX_jJ6jsfitwak56pQ2_IhdGeKsQ4F3ku761xzzdXrELXuyqqhIeMajMxF4f7awNUtTIw12/s1923/bursa0305024.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="913" data-original-width="1923" height="304" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvBWR27tJi8ZPNlxBAJp-TOjWMTc9eqyQ3fs51Cw5m1XO-5bM2Xk5RXYV5f4_06vejX7F2a_xZirXN1Plb4-g6UGzAz6lBTcCY2Km2horAtk_MGlEf2r_FiOX_jJ6jsfitwak56pQ2_IhdGeKsQ4F3ku761xzzdXrELXuyqqhIeMajMxF4f7awNUtTIw12/w640-h304/bursa0305024.jpg" alt="bursa0305024.jpg" width="640" /></a></div><br /><p><br /></p><p>On
the broader market, losers outpaced gainers 654 to 380, while 450
counters were unchanged, 767 untraded and 13 others suspended.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 16px;"><p>Turnover rose to 3.81 billion units worth RM2.8 billion from 3.32 billion units worth RM2.56 billion the previous day.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 16px;"><p>Rakuten
Trade Sdn Bhd equity research vice president Thong Pak Leng said that
the key regional indices mostly ended lower, seeing strong selling in
technology stocks following a negative cue from Wall Street overnight.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 16px;"><p>Back
home, he said sentiment turned cautious after the benchmark index broke
the 1,534 support level. The next support level is seen at 1,520, he
added.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 16px;"><p>“Despite
the prevailing cautious sentiment, we believe the sell-off presents an
opportunity for investors to seek bargains in stocks at lower levels,”
he said.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 16px;"><p>Meanwhile,
UOB Kay Hian Wealth Advisors head of wealth research & advisory
(designated portfolio manager) Mohd Sedek Jantan said investor
disappointment was particularly palpable following announcements made at
the National People's Congress on Tuesday.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 16px;"><p>The
Chinese government reportedly set a conservative 5% economic growth
target for 2024, significantly lower than the previous double-digit
figures.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 16px;"><p>“This
shift towards stability rather than aggressive stimulus measures has
raised concerns among investors regarding the future growth prospects,”
he said.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 16px;"><p>On the
local bourse, heavyweights Maybank Bhd added three sen to RM9.63, CIMB
Group Holdings Bhd rose eight sen to RM6.53, Public Bank Bhd increased
two sen to RM4.32, while Tenaga Nasional Bhd fell four sen to RM11.16,
and Petronas Chemicals Group Bhd dipped two sen to RM6.86.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 16px;"><p>As for
the actives, Harvest Miracle Capital Bhd shrank half a sen to 13.5 sen,
Sapura Energy Bhd shaved off half a sen to 4.5 sen, Widad Group Bhd
declined 1.5 sen to 9.5 sen, and both TWL Holdings Bhd and Fitters
Diversified Bhd were unchanged at 3.5 sen and five sen, respectively.<br />
<br />
On the index board, the FBM Emas Index was 20.09 points lower at
11,397.01, the FBMT 100 Index trimmed 19.02 points to 11,065.29, the FBM
ACE Index fell 51.2 points to 4,699.16, the FBM Emas Shariah Index lost
58.40 points to 11,385.09, and the FBM 70 Index dropped 36.72 points to
15,363.41.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 16px;"><p>Sector-wise,
the Financial Services Index climbed 36.6 points to 17,290.13, the
Plantation Index tumbled 117.81 points to 7,178.29, the Energy Index
shed 6.49 points to 907.27, and the Industrial Products and Services
Index eased 1.22 points to 174.47. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 16px;"><p>The Main
Market volume increased to 1.99 billion units valued at RM2.51 billion
from 1.93 billion units valued at RM2.32 billion on Monday.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 16px;"><p>Warrants
turnover surged to 1.22 billion units worth RM151.75 million from 786.11
million units worth RM102.03 million previously. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 16px;"><p>The ACE
Market volume expanded to 595.83 million shares worth RM140.07 million
from 589.15 million shares worth RM134.95 million on Monday.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 16px;"><p>Consumer
products and services counters accounted for 252.26 million shares
traded on the Main Market, industrial products and services (412.72
million); construction (140.51 million); technology (197.07 million);
SPAC (nil); financial services (150.35 million); property (388.42
million); plantation (41.36 million); REITs (13.19 million), closed/fund
(25,800); energy (186.23 million); healthcare (42.44 million);
telecommunications and media (32.13 million); transportation and
logistics (29.14 million); and utilities (103.62 million).</p><p><br /></p><p>Source: <a href="https://theedgemalaysia.com/node/703491" rel="nofollow">The Edge</a></p></div>jasontohhttp://www.blogger.com/profile/04940162973639451537noreply@blogger.com0tag:blogger.com,1999:blog-1774070532992142223.post-11238278658257548272024-03-04T18:56:00.002+08:002024-03-04T18:56:18.024+08:00Market Daily Report: KLCI pares earlier gains to end marginally higher<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>KUALA
LUMPUR (March 4): Bursa Malaysia pared earlier gains to close marginally
higher on Monday as selling emerged in late trading while most regional
markets also eked out narrow gains.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>At 5pm,
the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.25 points to close at
1,539.27 from last Friday's (March 1) close of 1,538.02.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The benchmark index, which opened 1.08 points firmer at 1,539.1, moved between 1,537.03 and 1,547.1 throughout the day.</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRo2V7EuKPYKz0FhwiNpEWT9oo5-ezeZiFh6_KdmZv9hQIeeFtji0bGb3yf5uLsHUOiitgtLuPxkilzTWv9OKyPPwTUn97MN84hAnPB7Df8TuUovV6816gHnAn9nMsvHgRDYzyTldjZtFy6GXJEP3qDZKQBnEbgN8UvZHXArtHrWgGy832RiKIb5-5IHrB/s1919/bursa03042024.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="723" data-original-width="1919" height="242" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRo2V7EuKPYKz0FhwiNpEWT9oo5-ezeZiFh6_KdmZv9hQIeeFtji0bGb3yf5uLsHUOiitgtLuPxkilzTWv9OKyPPwTUn97MN84hAnPB7Df8TuUovV6816gHnAn9nMsvHgRDYzyTldjZtFy6GXJEP3qDZKQBnEbgN8UvZHXArtHrWgGy832RiKIb5-5IHrB/w640-h242/bursa03042024.jpg" alt="bursa03042024.jpg" width="640" /></a></div><br /><p><br /></p><p>On the
broader market, losers outpaced gainers 536 to 426, while 461 counters
were unchanged, 837 untraded and 23 others suspended.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Turnover fell to 3.32 billion units worth RM2.56 billion from 4.82 billion units worth RM3.09 billion last Friday.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Rakuten
Trade Sdn Bhd equity research vice president Thong Pak Leng said the key
regional indices also recorded narrow gains to finish slightly higher
as investors were cautiously awaiting updates on China's National
People’s Congress.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The event
aims to boost the world's second-largest economy, address challenges in
the property market, and stabilise financial markets, he added.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Additionally,
on the domestic front, Thong said the stockbroker’s positive assessment
of Malaysian equities remained intact, supported by stronger corporate
earnings and improving economic conditions.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>“Hence,
we anticipate the FBM KLCI to trend within the range of 1,540-1,570 for
the week with immediate resistance at 1,570 and support at 1,534,” he
said.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Among
heavyweights, Maybank Bhd perked up 15 sen to RM9.60 and CIMB Group
Holdings Bhd inched up 11 sen to RM6.45 while Public Bank Bhd slid six
sen to RM4.30, Tenaga Nasional Bhd declined 10 sen to RM11.20, and
Petronas Chemicals Group Bhd went down five sen to RM6.88.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>As for
the actives, TWL Holdings Bhd and Hong Seng Consolidated Bhd were flat
each at 3.5 sen and 1.5 sen respectively, while Harvest Miracle Capital
Bhd and Widad Group Bhd shaved off a sen each to 14 sen and 11 sen
respectively, and Jaks Resources Bhd dropped two sen to 15.5 sen.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>On the
index board, the FBM Emas Index rose 6.79 points to 11,417.1, the FBMT
100 Index added 9.54 points to 11,084.31, the FBM 70 Index advanced
15.41 points to 15,400.13, the FBM ACE Index slid 10 points to 4,750.36,
and the FBM Emas Shariah Index eased 28.06 points to 11,443.49. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Sector-wise,
the Financial Services Index rose 78.30 points to 17,253.53, the
Plantation Index increased by 72.24 points to 7,296.1, the Energy Index
improved by 4.11 points to 913.76, and the Industrial Products and
Services Index shed 0.09 of-a-point to 175.69. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The Main
Market volume dwindled to 1.93 billion units valued at RM2.32 billion
from 3.29 billion units valued at RM2.83 billion last Friday.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Warrants
turnover tumbled to 786.11 million units worth RM102.03 million from
931.75 million units worth RM125 million previously. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The ACE
Market volume expanded to 589.15 million shares worth RM134.95 million
from 579.47 million shares worth RM131.61 million million last Friday. </p></div><p>
</p><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Consumer
products and services counters accounted for 219.49 million shares
traded on the Main Market, industrial products and services (382.62
million); construction (147.23 million); technology (282.01 million);
SPAC (nil); financial services (143.21 million); property (351.76
million); plantation (59.08 million); REITs (15.7 million), closed/fund
(198,100); energy (137.40 million); healthcare (43.69 million);
telecommunications and media (38.11 million); transportation and
logistics (33.64 million); and utilities (71.38 million).</p><p><br /></p><p>Source: <a href="https://theedgemalaysia.com/node/703341" rel="nofollow">The Edge</a></p></div>jasontohhttp://www.blogger.com/profile/04940162973639451537noreply@blogger.com0tag:blogger.com,1999:blog-1774070532992142223.post-11453052068948345302024-03-01T19:20:00.000+08:002024-03-01T19:20:05.907+08:00Market Daily Report: Bursa closes lower on profit-taking activities<div class="news-detail_newsTextDataWrap__PkAu5"><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>KUALA
LUMPUR (March 1): Bursa Malaysia struggled to make significant progress
above the 1,550 level and ended lower on Friday due to profit-taking
activities following recent gains.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 13.42 points to close at 1,538.02 from Thursday’s close of 1,551.44. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The benchmark index, which opened 1.72 points firmer at 1,553.16, moved between 1,537.11 and 1,556.22 throughout the day.</p><p>On the
broader market, losers outpaced gainers 679 to 396, while 448 counters
were unchanged, 737 untraded and 23 others suspended.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Turnover narrowed to 4.82 billion units worth RM3.09 billion versus 5.34 billion units worth RM7.01 billion on Thursday.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>SPI Asset
Management managing partner Stephen Innes said in the current market
landscape, there's a noticeable disparity among different markets.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>“While
major US indices, particularly those dominated by mega tech companies in
the artificial intelligence sector, continue to hit record highs
despite concerns over rising US inflation and robust personal income
growth, local stocks are grappling with challenges such as higher US
yields and weaker manufacturing purchasing managers' index (PMI) data
from China.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>“The latter indicates ongoing contraction in the manufacturing sector, which is weighing on investor sentiment,” he said. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Meanwhile,
Rakuten Trade Sdn Bhd equity research vice president Thong Pak Leng
said Bursa Malaysia trended lower as profit taking continued following
the recent rally.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>“Meanwhile, key regional indices trended higher following positive economic data from China.</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj5yL6-bqEy45DVDc8fJXKkdXzNW9fi7L2VanDgKq_EXajt8jojqjy7_C8tqnczwkkUOmrFEoDIzq94IyS1cTOMlCfQwnaL55FX7hu1JMZy10T0mMnk-5z1VIu5o8XCsl7VKuY5QptgCl6cuQBySLqYD3m74qPuOKBd3-VyWkb5Pj1EFrlLfLBFBvNM8GYn/s1917/bursa03012024.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="721" data-original-width="1917" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj5yL6-bqEy45DVDc8fJXKkdXzNW9fi7L2VanDgKq_EXajt8jojqjy7_C8tqnczwkkUOmrFEoDIzq94IyS1cTOMlCfQwnaL55FX7hu1JMZy10T0mMnk-5z1VIu5o8XCsl7VKuY5QptgCl6cuQBySLqYD3m74qPuOKBd3-VyWkb5Pj1EFrlLfLBFBvNM8GYn/w640-h240/bursa03012024.jpg" alt="bursa03012024.jpg" width="640" /></a></div><br /><p><br /></p><p>“Official data revealed that China's manufacturing PMI for February
matched the Reuters poll forecast at 49.1, while, the private Caixin
manufacturing final PMI recorded a slightly higher figure of 50.9, up
from the previous month's 50.8.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>“At
the same time, the US January personal consumption expenditures price
index came in within estimates, fuelling expectations that the Federal
Reserve will implement interest rate cuts by June,” he said. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p><span></span></p><a name='more'></a>Among the
Bursa Malaysia heavyweights, Maybank Bhd lost eight sen to RM9.45,
Public Bank Bhd slid four sen to RM4.36, CIMB Group Holdings Bhd trimmed
12 sen to RM6.34, and Petronas Chemicals Group Bhd edged down seven sen
to RM6.93. However, Tenaga Nasional Bhd rose four sen to RM11.30.<p></p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>As for
the actives, Harvest Miracle Capital Bhd inched up half a sen to 15 sen,
RGB International Bhd gained 2.5 sen to 31.5 sen, and TWL Holdings Bhd
shed half a sen to 3.5 sen, while Borneo Oil Bhd and Velesto Energy Bhd
were flat at one sen and 28.5 sen, respectively.<br />
<br />
On the index board, the FBM Emas Index declined 81.51 points to
11,410.31, the FBMT 100 Index went down 83.43 points to 11,074.77, the
FBM Emas Shariah Index decreased 56.44 points to 11,471.55, the FBM 70
Index fell 61.43 points to 15,384.72, and the FBM ACE Index edged down
7.77 points at 4,760.36.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Sector-wise,
the Financial Services Index dropped 141.28 points to 17,175.22, the
Utilities Index slipped 14.36 points to 1,524.64, the Industrial
Products and Services Index eased 0.5 of a point to 175.78, and the
Energy Index reduced 15.05 points to 909.65, but the Plantation Index
was 29.19 points higher at 7,223.86.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The Main
Market volume narrowed to 3.29 billion units valued at RM2.83 billion
from 3.69 billion units valued at RM6.74 billion on Thursday. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Warrants
turnover fell to 931.75 million units worth RM125.0 million from 1.11
billion units worth RM145.80 million the day before. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The ACE
Market volume grew to 579.47 million shares worth RM131.61 million from
546.8 million shares worth RM127.64 million previously.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Consumer
products and services counters accounted for 411.86 million shares
traded on the Main Market, industrial products and services (1.31
billion); construction (152.78 million); technology (263.16 million);
SPAC (nil); financial services (148.72 million); property (325.54
million); plantation (97.16 million); REITs (35.47 million), closed/fund
(54,200); energy (313.38 million); healthcare (54.11 million);
telecommunications and media (25.69 million); transportation and
logistics (39.75 million); and utilities (111.54 million).</p><p><br /></p><p>Source: <a href="https://theedgemalaysia.com/node/703091" rel="nofollow">The Edge</a></p></div></div>jasontohhttp://www.blogger.com/profile/04940162973639451537noreply@blogger.com0tag:blogger.com,1999:blog-1774070532992142223.post-23998658822178575912024-02-29T19:19:00.002+08:002024-02-29T19:19:28.808+08:00Market Daily Report: Bursa ends higher in sync with regional markets<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>KUALA
LUMPUR (Feb 29): Bursa Malaysia’s benchmark FTSE Bursa Malaysia KLCI
(FBM KLCI) ended higher on Thursday in tandem with the upbeat
performance in most regional markets and ahead of the US personal
consumption expenditure (PCE) data due out later in the night.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>At 5pm, the KLCI added 5.85 points to close at 1,551.44 from Wednesday’s close of 1,545.59. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The benchmark index opened 2.03 points better at 1,547.62 and moved between 1,544.67 and 1,554.79 throughout the session.</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEihkHoOhROYCipAoFGs0G6cnkl9dCQdaJLoEwj2GN1Yuv_jN3t_2rwz5GzwuLiDPxAo20vpzcMxHNWvPoyavbKbzBwuSWT1sGbOPtDJv7WLxY_bJGUOQz7Q8sXFSID1J93C3eqnTQ4UJPrEAJvwYFef6dhAVe6o8QARJ_xDuvZLHHlzfZdTZGOfMTVXiFV4/s1922/bursa02292024.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="715" data-original-width="1922" height="238" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEihkHoOhROYCipAoFGs0G6cnkl9dCQdaJLoEwj2GN1Yuv_jN3t_2rwz5GzwuLiDPxAo20vpzcMxHNWvPoyavbKbzBwuSWT1sGbOPtDJv7WLxY_bJGUOQz7Q8sXFSID1J93C3eqnTQ4UJPrEAJvwYFef6dhAVe6o8QARJ_xDuvZLHHlzfZdTZGOfMTVXiFV4/w640-h238/bursa02292024.jpg" alt="bursa02292024.jpg" width="640" /></a></div><br /><p><br /></p><p>However,
in the broader market, losers outpaced gainers 679 to 370, while 431
counters were unchanged, 810 untraded and 43 others suspended.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Turnover expanded to 5.34 billion units worth RM7.01 billion versus Wednesday's 4.78 billion units worth RM3.3 billion.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Head of
wealth research & advisory, designated portfolio manager at UOB Kay
Hian Wealth Advisors, Mohd Sedek Jantan said Malaysian equities
experienced a surge, mirroring the positive trend in most regional stock
markets.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>"Although
there was some initial caution among investors awaiting the US
inflation data to gauge the Federal Reserve’s interest rate adjustments,
the overall market sentiment remained optimistic," he said. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>He said
notably, the plantation sector emerged as a top performer, benefitting
from both anticipated lower output due to the mild El Nino weather
phenomenon forecast and increased demand from China, the world’s largest
importer of palm oil.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>"Malaysia’s
significant role in the global palm oil industry, accounting for 23% of
total production and nearly 30% of total exports, underscores its
position as a key player in this commodity market," he added.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Meanwhile,
ActivTrades trader Anderson Alves said investors are now turning their
attention to the upcoming release of the US PCE report.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>“This report is anticipated to shed light on inflationary pressures and could signal upcoming shifts in monetary policy.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>“The
consensus forecast for the report suggests a month-on-month increase of
0.4%, closely aligned with the average analysts’ prediction at 0.39%,”
he said. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Additionally,
he said the core PCE, which excludes volatile items, is expected to
show an even more pronounced increase, with some projections reaching
0.55%.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>“Should
these figures exceed expectations, it could strengthen the US dollar and
exert downward pressure on bond markets, potentially affecting global
stock markets, particularly in the US,” he added. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><span><a name='more'></a></span><p><br /></p><p>Bursa
Malaysia heavyweights, Maybank Bhd gained two sen to RM9.53, CIMB Group
Holdings Bhd perked up three sen to RM6.46, Tenaga Nasional Bhd rose 30
sen to RM11.26, Petronas Chemicals Group Bhd edged up 15 sen to RM7, and
Public Bank Bhd fell three sen to RM4.40. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>As for
the actives, YTL Corp Bhd increased three sen to RM2.67, MyEG Services
Bhd advanced 1.5 sen to 80.5 sen, Dialog Group Bhd eased nine sen to
RM2.10, YTL Power International Bhd lost six sen to RM3.95, while Hong
Seng Consolidated Bhd was flat at 1.5 sen. <br />
<br />
On the index board, the FBM Emas Index climbed 28.19 points to
11,491.82, the FBMT 100 Index put on 32.86 points to 11,158.2, the FBM
Emas Shariah Index increased 45.03 points to 11,527.99, the FBM 70 Index
rose 7.52 points to 15,446.15, and the FBM ACE Index notched up 2.89
points at 4,768.13.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Sector-wise,
the Financial Services Index went up 16.87 points to 17,316.5, the
Plantation Index was 38.95 points better at 7,194.67, the Utilities
Index shed 27.51 points to 1,539, the Industrial Products and Services
Index added 0.34 of a point to 176.28, and the Energy Index inched up
0.06 of a point to 924.7.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The Main
Market volume expanded to 3.69 billion units valued at RM6.74 billion
from 3.47 billion units valued at RM3.07 billion. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Warrants
turnover soared to 1.11 billion units worth RM145.8 million from 752.89
million units worth RM103.81 million on Wednesday. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The ACE
Market volume widened to 546.8 million shares worth RM127.64 million
from 533.73 million shares worth RM126.84 million previously.</p></div><p>
</p><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Consumer
products and services counters accounted for 382.99 million shares
traded on the Main Market, industrial products and services (468.62
million); construction (208.03 million); technology (415.19 million);
SPAC (nil); financial services (177.81 million); property (336.43
million); plantation (42.11 million); REITs (45.48 million), closed/fund
(11,500); energy (692.44 million); healthcare (116.88 million);
telecommunications and media (69.02 million); transportation and
logistics (43.3 million); and utilities (687.09 million).</p><p><br /></p><p>Source: <a href="https://theedgemalaysia.com/node/702906" rel="nofollow">The Edge</a></p></div>jasontohhttp://www.blogger.com/profile/04940162973639451537noreply@blogger.com0tag:blogger.com,1999:blog-1774070532992142223.post-1047121191734997572024-02-28T20:33:00.000+08:002024-02-28T20:33:07.184+08:00Market Daily Report: Bursa closes lower on profit taking<div class="news-detail_newsTextDataWrap__PkAu5"><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>KUALA
LUMPUR (Feb 28): Bursa Malaysia ended trading at an intraday low on
Wednesday due to profit-taking activities following Tuesday's strong
gains, in tandem with the downbeat performance in the regional markets.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>At 5pm,
the FTSE Bursa Malaysia KLCI (FBM KLCI) shed 13.21 points to close at
1,545.59 from the previous day’s close of 1,558.8. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The benchmark index opened 2.5 points weaker at 1,556.3 and hit an intraday high of 1,556.69 earlier in the day. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjlFS-5DB-gMAd4qdzQ4FrTuce23sjBF8D-LgL1AqoODhhk7KRjmvNxYVNtZvnCaauN_6ktc_9FAF09GP5nDIl5PwlATa_5khtaazvnCUbsp8arrbMxieY1nKX7-HeqE0CyyXIkHm7Ha1qrNS5Wu9PrOC190GRISNUnncp12Otp0Wa_u61yTLAAGvblHZgH/s1919/bursa02282024.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="725" data-original-width="1919" height="242" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjlFS-5DB-gMAd4qdzQ4FrTuce23sjBF8D-LgL1AqoODhhk7KRjmvNxYVNtZvnCaauN_6ktc_9FAF09GP5nDIl5PwlATa_5khtaazvnCUbsp8arrbMxieY1nKX7-HeqE0CyyXIkHm7Ha1qrNS5Wu9PrOC190GRISNUnncp12Otp0Wa_u61yTLAAGvblHZgH/w640-h242/bursa02282024.jpg" alt="bursa02282024.jpg" width="640" /></a></div><br /><p><br /></p><p>On the
broader market, losers outpaced gainers 780 to 311, while 404 counters
were unchanged, 814 untraded and 77 others suspended.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Turnover expanded to 4.78 billion units worth RM3.30 billion versus Tuesday's 3.88 billion units worth RM3.09 billion.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Rakuten
Trade Sdn Bhd equity research vice-president Thong Pak Leng said local
stocks traded in a narrow range amid ongoing concerns about the
prolonged higher US interest rates.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>"We view
the profit-taking as a healthy correction as it allows the market to
digest the recent rally and provides a stronger base for a more
sustainable uptrend.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>"We anticipate the FBM KLCI to trend within the range of 1,540-1,570 for the rest of the week," he told <em>Bernama</em>.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Meanwhile,
head of wealth research & advisory, designated portfolio manager at
UOB Kay Hian Wealth Advisors, Mohd Sedek Jantan said Bursa Malaysia
experienced a modest decline on Wednesday, awaiting fresh domestic
drivers to bolster equities.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>"The drop
aligned with the regional markets that show investors maintained a
cautious stance, opting for prudence ahead of the forthcoming release of
key US economic indicators later this week, notably a pivotal inflation
report.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>"The
outcome of this data holds significant implications for interest rate
expectations, as the US Federal Reserve officials emphasise the
necessity of assured signs of inflation deceleration before considering
rate adjustments," he said.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p><span></span></p><a name='more'></a>Bursa
Malaysia heavyweights, Public Bank Bhd fell four sen to RM4.43, CIMB
Group Holdings Bhd was two sen lower at RM6.43, Tenaga Nasional Bhd slid
46 sen to RM10.96, Petronas Chemicals Group Bhd edged down nine sen to
RM6.85, and Malayan Banking Bhd was flat at RM9.51.<p></p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>As for
the actives, Velesto Energy Bhd rose 1.5 sen to 28 sen, Fitters
Diversified Bhd put on half-a-sen to five sen, Hong Seng Consolidated
Bhd lost half-a-sen to 1.5 sen, Bumi Armada Bhd shrank 6.5 sen to 52
sen, and TWL Holdings Bhd was flat at 3.5 sen.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>On the
index board, the FBM Emas Index dipped 91.00 points to 11,463.63, the
FBMT 100 Index sank 84.25 points to 11,125.34, the FBM Emas Shariah
Index tumbled 98.13 points to 11,482.96, the FBM 70 Index shed 72.17
points to 15,438.63, and the FBM ACE Index fell 39.71 points at
4,765.24.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Sector-wise,
the Financial Services Index slid 42.52 points to 17,299.63, the
Plantation Index was 27.34 points weaker to 7,155.72, the Utilities
Index was down by 41.51 points to 1,566.51, the Industrial Products and
Services Index eased 1.85 points to 175.94, and the Energy Index slipped
6.84 points to 924.64.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The Main
Market volume increased to 3.47 billion units valued at RM3.07 billion
from Tuesday’s 2.45 billion units valued at RM2.78 billion. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Warrants
turnover expanded to 752.89 million units worth RM103.81 million from
743.51 million units worth RM119.68 million on Tuesday. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The ACE
Market volume dwindled to 533.73 million shares worth RM126.84 million
from 669.73 million shares worth RM187.75 million previously.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Consumer
products and services counters accounted for 488.96 million shares
traded on the Main Market, industrial products and services (598.08
million), construction (105.40 million), technology (667.37 million),
SPAC (nil), financial services (152.68 million), property (313.99
million), plantation (43.06 million), REITs (23.43 million), closed/fund
(141,700), energy (748.66 million), healthcare (51.15 million),
telecommunications and media (87.66 million), transportation and
logistics (31.08 million), and utilities (158.50 million).</p><p><br /></p><p>Source: <a href="https://theedgemalaysia.com/node/702739" rel="nofollow">The Edge</a></p></div></div>jasontohhttp://www.blogger.com/profile/04940162973639451537noreply@blogger.com0tag:blogger.com,1999:blog-1774070532992142223.post-4435627403410689992024-02-27T18:48:00.003+08:002024-02-27T18:48:34.628+08:00Market Daily Report: KLCI rebounds on strong buying interest, highest since May 2022<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>KUALA
LUMPUR (Feb 27): Bursa Malaysia’s benchmark index continued its upward
trajectory on Tuesday to end at its highest level since May 2022 on
strong buying activities in heavyweights led by YTL Corp Bhd, Axiata
Group Bhd and YTL Power International Bhd. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>YTL Corp
surged 21 sen to RM2.71, Axiata increased 11 sen to RM2.85 and YTL Power
gained nine sen to RM4.15. These three counters lifted the composite
index by a combined of 6.73 points. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) surged 11.2 points to 1,558.8 from Monday’s close of 1,547.6. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgLcmmIoKBpKGJSBefrr7a4wEKIg6aQ_rv3yxMzs-_1dNbdSlZk6p80STxOn9OtFAKjo9zsG0ZJRu_m8-qJJ2R2WP81AoqOppmBdAYSqXAxEwkSCcqnkdhu95dm5CzhFun1NlHDArBzRZt7KBVq0yu71hgnjKZrK5kaDCtZOH520rSNGgMCgjosmwOM4GR8/s1919/bursa02272024.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="723" data-original-width="1919" height="242" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgLcmmIoKBpKGJSBefrr7a4wEKIg6aQ_rv3yxMzs-_1dNbdSlZk6p80STxOn9OtFAKjo9zsG0ZJRu_m8-qJJ2R2WP81AoqOppmBdAYSqXAxEwkSCcqnkdhu95dm5CzhFun1NlHDArBzRZt7KBVq0yu71hgnjKZrK5kaDCtZOH520rSNGgMCgjosmwOM4GR8/w640-h242/bursa02272024.jpg" alt="bursa02272024.jpg" width="640" /></a></div><br /><p><br /></p><p>The benchmark index opened 2.08 points lower at 1,545.52 and moved between 1,545.16 and 1,559.02 throughout the session.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>However,
in the broader market, losers beat gainers 570 to 548, while 410
counters were unchanged, 781 untraded and 47 others suspended.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Turnover improved to 3.88 billion units worth RM3.09 billion versus Monday's 3.74 billion units worth RM3.12 billion.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Rakuten
Trade Sdn Bhd equity research vice president Thong Pak Leng said most
regional markets rebounded from their downbeat performance yesterday
with strong gains in China and Hong Kong, fuelled by investor optimism
as China's state funds reportedly pumped in over US$57 billion (RM273.32
billion) to support the market while at the same time, global funds
continue to flow into the region.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>"On the
other hand, investors are cautiously awaiting various economic data
releases, including China's manufacturing purchasing managers' index and
the US Personal Consumption Expenditures Price Index, which serves as
the Federal Reserve's (Fed) preferred inflation gauge.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>"Domestically,
we remain optimistic on the market undertone which is supported by
solid fundamentals with strong buying in blue chips following their
strong quarterly earnings.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>"Nonetheless, we recognise the chance for profit taking, a factor we do not overlook," he said. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Hence,
Thong anticipates the KLCI to trend within the 1,540-1,570 range for the
week, while from a technical perspective, the immediate resistance is
spotted at 1,570 and support at 1,534.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Meanwhile,
head of wealth research & advisory, designated portfolio manager at
UOB Kay Hian Wealth Advisors, Mohd Sedek Jantan said Bursa Malaysia
concluded on a positive trajectory, marked by diverse sectoral
performances.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>"The utilities sector showcased notable resilience, propelled by robust quarterly earnings disclosures.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>"In
addition, the recent upward momentum received further impetus from the
rollout of renewable energy initiatives, including the large-scale solar
and low carbon energy generation programmes, aimed at fostering
sustainable practices," he said.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Mohd
Sedek said so far, the majority of quarterly earnings were consistently
aligned with market forecasts, bolstering sustained investor confidence
and perpetuating a trend of ongoing market activity.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>"However,
select investors are capitalising on profit-taking opportunities to
safeguard gains amid prevailing uncertainties surrounding the Fed's
policy trajectory.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>“We
maintain an optimistic outlook on the Malaysian market, anticipating
continued bullish trends supported by the economic resurgence in China,"
he said. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Among
other heavyweights, Sime Darby Plantation Bhd added seven sen to RM4.30,
Maxis Bhd perked six sen to RM3.83, but Petronas Chemicals Group Bhd
edged down five sen to RM6.94, and MISC Bhd inched down one sen to
RM7.50. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p><span></span></p><a name='more'></a>As for
the actives, PUC Bhd rose a sen to 5.5 sen, Cape EMS Bhd tumbled 19.5
sen to 93.5 sen, Master Tec Group Bhd shed half a sen to 64.5 sen, while
Hong Seng Consolidated Bhd was flat at two sen. <br />
<br />
On the index board, the FBM Emas Index climbed 57.35 points to
11,554.63, the FBMT 100 Index widened 60.9 points to 11,209.59, the FBM
Emas Shariah Index put on 51.17 points to 11,581.09, the FBM 70 Index
edged up 3.07 points to 15,510.8, and the FBM ACE Index slid 40.85
points to 4,804.95.<p></p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Sector-wise,
the Financial Services Index climbed 22.74 points to 17,342.15, the
Plantation Index increased 23.37 points to 7,183.06, the Utilities Index
gained 27.81 points to 1,608.02, the Industrial Products and Services
Index declined by 0.14 of a point to 177.79, and the Energy Index lost
4.75 points to 931.48.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The Main
Market volume narrowed to 2.45 billion units valued at RM2.78 billion
from Monday’s 2.61 billion units valued at RM2.87 billion. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Warrants
turnover expanded to 743.51 million units worth RM119.68 million from
717.03 million units worth RM100.59 million the day before. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The ACE
Market volume swelled to 669.73 million shares worth RM187.75 million
from 412.27 million shares worth RM144.75 million previously.</p></div><p>
</p><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Consumer
products and services counters accounted for 420.57 million shares
traded on the Main Market, industrial products and services (474.88
million); construction (133.97 million); technology (533.54 million);
SPAC (nil); financial services (106.03 million); property (301.48
million); plantation (34.84 million); REITs (14.38 million), closed/fund
(91,800); energy (123.02 million); healthcare (64.87 million);
telecommunications and media (42.84 million); transportation and
logistics (35.56 million); and utilities (165.3 million).</p><p><br /></p><p>Source: <a href="https://theedgemalaysia.com/node/702545" rel="nofollow">The Edge</a></p></div>jasontohhttp://www.blogger.com/profile/04940162973639451537noreply@blogger.com0tag:blogger.com,1999:blog-1774070532992142223.post-83007231005029553372024-02-26T20:55:00.006+08:002024-02-26T20:55:50.051+08:00Market Daily Report: Bursa pares earlier losses to close marginally lower<div class="news-detail_newsTextDataWrap__PkAu5"><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>KUALA
LUMPUR (Feb 26): Bursa Malaysia pared earlier losses on Monday to
settle marginally lower as buying activities emerged towards the end of
the trading session, amid the downbeat regional market performance. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 1.51 points to 1,547.6 from Friday’s close of 1,549.11. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The benchmark index opened 0.18 of a point lower at 1,548.93 and moved between 1,544.47 and 1,553.9 throughout the session.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>In the broader market, losers beat gainers 634 to 442, while 439 counters were unchanged, 799 untraded and 29 others suspended.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg0ASsJGyOtRFid2hbgve_mbkpaLNHOjADqj91dugr__ZnWkmsG9MQYC5CV0A0FWY95yrpdTO2eEyxkaSjiBioZ4fUHiXWYh1h6XnZd8JDptY0hJYYnuwvf_mF4z339_VA8vIMqjRgfq4qNVT0vqypaA60RkTssro0KyppMDr-GPZJ5BqZ-AZOgT_V3c5Aq/s1919/bursa02262024.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="727" data-original-width="1919" height="242" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg0ASsJGyOtRFid2hbgve_mbkpaLNHOjADqj91dugr__ZnWkmsG9MQYC5CV0A0FWY95yrpdTO2eEyxkaSjiBioZ4fUHiXWYh1h6XnZd8JDptY0hJYYnuwvf_mF4z339_VA8vIMqjRgfq4qNVT0vqypaA60RkTssro0KyppMDr-GPZJ5BqZ-AZOgT_V3c5Aq/w640-h242/bursa02262024.jpg" alt="bursa02262024.jpg" width="640" /></a></div><br /><p><br /></p><p>Turnover declined to 3.74 billion units worth RM3.12 billion versus Friday's 4.07 billion units worth RM3.21 billion.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Rakuten
Trade Sdn Bhd equity research vice president Thong Pak Leng said the key
regional indices ended broadly lower with profit taking on technology
stocks following last week's strong gains.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>"Meanwhile,
investors are anticipating a series of important economic reports this
week, particularly related to US inflation and interest rates. This has,
in turn, kept risk appetite largely muted," he said.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>On the
home front, Thong believes that the outlook for Malaysian equities
remains positive, driven by strong corporate earnings, cheap valuations
and substantial support from foreign investors.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>"We
advise investors to exercise caution in the current environment, taking
into account external factors such as increasing market risks and
elevated volatility in global markets.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>"We anticipate the FBM KLCI to trend within the 1,540-1,570 range for the week," he added. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Meanwhile,
head of wealth research & advisory, designated portfolio manager at
UOB Kay Hian Wealth Advisors, Mohd Sedek Jantan said Bursa Malaysia’s
benchmark index concluded Monday's trading session with a decline in
value and was influenced by Wall Street's mixed performance last Friday,
which left investors cautious.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>"Investors
await with anticipation the upcoming releases of inflation data from
key economies such as the United States, Japan, and Europe, as these are
expected to offer valuable insights into the direction of global
interest rates.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>"Amid this climate of uncertainty, some traders opted to take profits following recent market upswings," he said.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Mohd Sedek said, however, that despite the cautious sentiment, foreign investors continued to demonstrate a net buying stance.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>"Notably,
foreign investment in Malaysian equities experienced a substantial
increase, more than doubling from RM352.9 million to RM786.1 million in
just one week.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p><span></span></p><a name='more'></a>"Looking
ahead, there is an expectation of sustained buying interest. This
sentiment is bolstered by the commencement of the full-blown corporate
earnings season this week, which typically is a catalyst for market
activity," he said. <p></p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Additionally,
he said overall, while market movements may be influenced by cautious
sentiment and profit-taking activities, the outlook remains positive,
with foreign investors showing confidence in Malaysian equities.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Bursa
Malaysia heavyweights Maybank Bhd and Public Bank Bhd eased two sen each
to RM9.51 and RM4.46 respectively, CIMB Group Holdings Bhd perked two
sen to RM6.43, Tenaga Nasional Bhd rose eight sen to RM11.36, and
Petronas Chemicals Group Bhd was four sen higher at RM6.99. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>As for
the actives, YTL Corp Bhd edged up three sen to RM2.50, YTL Power
International Bhd rose four sen to RM4.06, TWL Holdings Bhd inched down
half a sen to 3.5 sen, Ekovest Bhd erased one sen to 48.5 sen, and Hong
Seng Consolidated Bhd was flat at two sen.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>On the
index board, the FBM Emas Index lost 22.08 points to 11,497.28, the FBMT
100 Index shed 23.48 points to 11,148.69, the FBM Emas Shariah Index
slipped 31.86 points to 11,529.92, the FBM 70 Index dipped 84.79 points
to 15,507.73, and the FBM ACE Index was 40.09 points lower at 4,845.8.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Sector-wise,
the Financial Services Index slipped 25.98 points to 17,319.41, the
Plantation Index decreased 88.14 points to 7,159.69, the Utilities Index
gained 4.17 points to 1,580.21, the Industrial Products and Services
Index improved by 0.08 of a point to 177.93, and the Energy Index
increased 6.34 points to 936.23.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The Main
Market volume expanded to 2.61 billion units valued at RM2.87 billion
from Friday’s 2.59 billion units valued at RM2.88 billion. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Warrants
turnover declined to 717.03 million units worth RM100.59 million from
791.40 million units worth RM123.85 million last Friday. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The ACE
Market volume tumbled to 412.27 million shares worth RM144.75 million
from 665.94 million shares worth RM202.09 million previously.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Consumer
products and services counters accounted for 422.91 million shares
traded on the Main Market, industrial products and services (361.18
million); construction (166.77 million); technology (615.2 million);
SPAC (nil); financial services (101.7 million); property (387.21
million); plantation (35.22 million); REITs (16.15 million), closed/fund
(45,700); energy (174.85 million); healthcare (90.17 million);
telecommunications and media (46.94 million); transportation and
logistics (33.92 million); and utilities (157.43 million).</p><p><br /></p><p>Source: <a href="https://theedgemalaysia.com/node/702367" rel="nofollow">The Edge</a></p></div></div>jasontohhttp://www.blogger.com/profile/04940162973639451537noreply@blogger.com0tag:blogger.com,1999:blog-1774070532992142223.post-41156875508696758542024-02-23T18:59:00.003+08:002024-02-23T18:59:39.576+08:00Market Daily Report: KLCI ends week marginally higher after two-day losing streak<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>KUALA LUMPUR (Feb 23): The FBM KLCI recovered on Friday, albeit marginally, on bargain hunting after two days of decline.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The bellwether index gained 3.62 points or 0.23% to 1,549.11, after moving between 1,544.18 and 1,551.15.</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhW0wkopyelz-mI2w5kz7LPPQ4YSSL5P888ZN1VsGff1HgtoQXEcfRZq2wSPUp2VAZeh_SYzqztCJq9AIh1JO3aOq5Yg3AYZAbsGvUW7kDH6M1I0VibIdO0b_zICoM_LBQoLYzFYh2qh8fWGvBSn1EEvSbR4bpUmgyfeJ2QzNNIA5kpzl13vqMDW3_weT2t/s1914/bursa02232024.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="721" data-original-width="1914" height="242" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhW0wkopyelz-mI2w5kz7LPPQ4YSSL5P888ZN1VsGff1HgtoQXEcfRZq2wSPUp2VAZeh_SYzqztCJq9AIh1JO3aOq5Yg3AYZAbsGvUW7kDH6M1I0VibIdO0b_zICoM_LBQoLYzFYh2qh8fWGvBSn1EEvSbR4bpUmgyfeJ2QzNNIA5kpzl13vqMDW3_weT2t/w640-h242/bursa02232024.jpg" alt="bursa02232024.jpg" width="640" /></a></div><br /><p><br /></p><p>The
top gaining constituents that pulled the index to the positive were YTL
Corp Bhd, which rose 14.88% to RM2.47, YTL Power International Bhd (up
6.35% to RM4.02), and Sime Darby Bhd (up 1.53% to RM2.65).</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p><span></span></p><a name='more'></a>Across
the region, the KLCI led the pack with its 0.23% gain. The Philippines
Stock Exchange Index trailed behind with a 0.15% rise, while the Stock
Exchange of Thailand Index was down 0.35%, as was the Jakarta Composite
(down 0.61%) and the Straits Times Index (down 1.24%).<p></p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Overall,
market breadth on Bursa Malaysia was negative, as 448 stocks advanced,
613 retreated and 458 closed unchanged, with 4.07 billion shares worth
RM3.21 billion traded.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Hong Seng
Consolidated Bhd, which closed unchanged at two sen, continued to be
the most actively traded stock on the bourse, followed by Powerwell
Holdings Bhd (up 7.41% to 29 sen) and YTL Corp. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The FBM Top 100 index, with a 0.09% gain, outperformed both the FBM Small Cap (down 0.31%) and FBM Ace (down 0.42%) indices. </p></div><p>
</p><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The
majority of sectoral indices were in the red, barring utilities,
property, REIT and financial services. The utilities index reversed
course to be top gainer with a 3.14% increase on Friday, while
healthcare was the top loser with a 1.43% drop.</p><p><br /></p><p>Source: <a href="https://theedgemalaysia.com/node/702143" rel="nofollow">The Edge</a></p></div>jasontohhttp://www.blogger.com/profile/04940162973639451537noreply@blogger.com0tag:blogger.com,1999:blog-1774070532992142223.post-50194414798800100012024-02-22T18:47:00.004+08:002024-02-22T18:47:36.068+08:00Market Daily Report: KLCI extends decline, dragged by YTL counters, PPB<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>KUALA
LUMPUR (Feb 22): The FBM KLCI lost ground for the second consecutive day
on Thursday, trimming gains it made over the past few trading sessions.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The benchmark index fell 6.91 points or 0.45% to close the day at 1,545.49, after trading between 1,542.72 and 1,551.97.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Among
KLCI constituents pulling the index down, the biggest declines were YTL
Group counters — YTL Corp Bhd fell 3.15% to RM2.15, followed by YTL
Power International Bhd (down 3.08% to RM3.78) — and PPB Group Bhd (down
1.94% to RM15.20).</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEggAGH9IMNNrSOxNmGkA5oxYIGBgNZWHCG0c5CnTcv5oXQdQLazw-elhuq5kFgDdvondbqW4PU1v7EHjPo3BJfvHYYoolCfciqcJ4HqAzPouuCtnkTPsMUGDx1jUCs3hT9NAai60W-Xk6z7xuTfTgXK5WWrRCUeHIWzzu7_1yukyGbLCp52gox1L6aW4gfM/s1922/bursa02222024.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="716" data-original-width="1922" height="238" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEggAGH9IMNNrSOxNmGkA5oxYIGBgNZWHCG0c5CnTcv5oXQdQLazw-elhuq5kFgDdvondbqW4PU1v7EHjPo3BJfvHYYoolCfciqcJ4HqAzPouuCtnkTPsMUGDx1jUCs3hT9NAai60W-Xk6z7xuTfTgXK5WWrRCUeHIWzzu7_1yukyGbLCp52gox1L6aW4gfM/w640-h238/bursa02222024.jpg" alt="bursa02222024.jpg" width="640" /></a></div><br /><p><br /></p><p>Compared
to regional counterparts, the KLCI lagged. The Stock Exchange of
Thailand Index gained 0.74%, followed by the Philippines Stock Exchange
Index (up 0.08%), and the Straits Times Index (up 0.05%), while the
Jakarta Composite slipped 0.13%.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Overall,
market breadth on Bursa Malaysia was positive as 571 stocks advanced,
462 retreated and 494 traded sideways, with 3.72 billion shares worth
RM2.58 billion exchanging hands.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The most
actively traded stocks on the bourse were Hong Seng Consolidated Bhd,
which closed unchanged at two sen, followed by Reneuco Bhd (down 5.26%
to nine sen) and Notion VTec Bhd (up 44.44% to 45.5 sen).</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Both the
FBM Small Cap and FBM Ace indices, which gained 0.48% and 1.43%
respectively, outperformed the FBM Top 100 index (down 0.12%).</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Sectoral indices were mixed on Thursday, with technology leading the gainers, while utilities led the laggards.</p></div><h3><span><a name='more'></a></span>Tech index surges to seven-month high</h3><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The
technology index gained 3.13% to a seven-month high of 65.65, in line
with other continental peers as US chip designer Nvidia’s earnings
forecast boosted sentiment and eased concerns over stretched valuations.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Leading
the local technology index was outsourced semiconductor assembly and
test (OSAT) firm Malaysian Pacific Industries Bhd (MPI), which gained
9.93% or RM2.60 to RM28.74 after reporting on Wednesday a 75%
year-on-year jump for its second quarter net profit to RM32.15 million.</p></div><p>
</p><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Analysts
remained optimistic about MPI, premised on its strategic operation in
the supply of content for vehicles, which is expected to be catalysed by
growing demand for electric vehicles and autonomous driving.</p><p><br /></p><p>Source: <a href="https://theedgemalaysia.com/node/701948" rel="nofollow">The Edge</a></p></div>jasontohhttp://www.blogger.com/profile/04940162973639451537noreply@blogger.com0tag:blogger.com,1999:blog-1774070532992142223.post-11784573670673670222024-02-21T20:57:00.004+08:002024-02-21T20:57:39.556+08:00Market Daily Report: KLCI ends four-day win streak, dragged by telcos<p><span style="font-size: 18px;">KUALA
LUMPUR (Feb 21): The FBM KLCI retreated on Wednesday, paring gains from a
20-month high achieved a day earlier, dragged by declines of
telco-linked consitituents.</span></p>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The
bellwether index declined 3.19 points or 0.21% to close at the 1,552.4
level on Wednesday after trading between 1,547.49 and 1,554.95.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Among
KLCI index constituents, telco counters were top laggards, with Axiata
Group Bhd falling 3.46%, followed by Maxis Bhd (1.81%) and CelcomDigi
Bhd (1.37%).</p></div><div class="inPageAd" data-google-query-id="CLvWtqW9vIQDFeKlrAIdFg4LVw" id="div-gpt-ad-inpage"><div class="inread_sponsored_ad" style="transition: transform 700ms ease-out 0s;">
<div class="inread_sponsored">
<div class="inread_sponsored_image_container">
<div class="inread_sponsored_image_content"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOkRE18sOBXuGADdrH3rWPGn68MBCdG05qLOJHZUpHOl0XTNMAGdR1gqOOG1SXlF9b1KXCwTlJliDX1LzkqvlzM26sHDL4G0s2Jtv2XTemIpNo1o24J3ke7UyFDJPStFn5AKYS7Y_5jYZnd6C22w7-YeIAWu5K0G7hNcXPVkq0jWF21kMSNiyyEptt2K_5/s1919/bursa02212024.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="bursa02212024.jpg" border="0" data-original-height="721" data-original-width="1919" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOkRE18sOBXuGADdrH3rWPGn68MBCdG05qLOJHZUpHOl0XTNMAGdR1gqOOG1SXlF9b1KXCwTlJliDX1LzkqvlzM26sHDL4G0s2Jtv2XTemIpNo1o24J3ke7UyFDJPStFn5AKYS7Y_5jYZnd6C22w7-YeIAWu5K0G7hNcXPVkq0jWF21kMSNiyyEptt2K_5/w640-h240/bursa02212024.jpg" width="640" /></a></div><br /><span style="font-size: 18px;"><br /></span></div><div class="inread_sponsored_image_content"><span style="font-size: 18px;">Nonetheless, the KLCI was largely in line with laggards in the region, although there were a few slight gainers. </span></div></div></div></div></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p><span></span></p><a name='more'></a>Overall
market breadth was negative as 386 stocks advanced, 652 retreated and
459 traded sideways, with 3.65 billion shares worth RM2.71 billion
changing hands.<p></p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The Stock
Exchange of Thailand Index gained 0.83%, followed by the Philippines
Stock Exchange Index (0.62%), while the Jakarta Composite was down 0.05%
as was the Straits Times Index by 0.84%. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The most
actively traded counters on the bourse were Hong Seng Consolidated Bhd,
which ended unchanged at two sen, followed by MyEG (down 1.27% at 78
sen) and MMAG Holdings Bhd (unchanged at 11 sen).</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The FBM Top 100 Index slipped 0.20%, outperforming the FBM Small Cap (down 0.76%) and FBM Ace (down 0.88%) indices. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The bulk of sectoral indices were in the red, barring technology (up 0.36%) and financial services (up 0.13%).</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The
energy index — which surged 5.98% to a near three-year high on Tuesday —
was the top loser on Wednesday, as it eased 1.29%. The property index
was a close runner-up, dipping 1.28%.</p><p><br /></p><p>Source: <a href="https://theedgemalaysia.com/node/701762" rel="nofollow">The Edge</a></p></div>jasontohhttp://www.blogger.com/profile/04940162973639451537noreply@blogger.com0tag:blogger.com,1999:blog-1774070532992142223.post-75928181770952900202024-02-20T21:16:00.002+08:002024-02-20T21:16:20.510+08:00Market Daily Report: KLCI charts fresh 20-month high while energy stocks surge<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>KUALA
LUMPUR (Feb 20): The FBM KLCI climbed further and closed at a fresh
20-month high on Tuesday as consumer stocks led gains, while energy
stocks at the broader market surged.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The
benchmark index closed at 1555.59, its highest since June 1, 2022, after
rising 16.98 points or 1.10%. The gain also marked the KLCI’s best day
since Feb 13, 2024.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Automotive-to-industrial
conglomerate Sime Darby Bhd was top gainer among index constituents, up
4.8% to RM2.65, while agri-food gaint PPB Group Bhd was also higher.
Other KLCI gainers included petrochemical company Petronas Chemicals
Group Bhd, and wireless carrier Axiata Group Bhd.</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhiv8LAlwIR-uhwAJ-0FPb73Kg9tAibiq_Zz2AGFjhaQDIhNs7bK_IRfURzmkGaAAQyV3KzBfyVtpx3FyoEudbpp4DRvjFCVWwPtnyVe3Gqg_gR94k8wqg_RH_bJH5tNnVQl25YLWTv2iCOOGTERhn4ftPaqMdhrX1UkfUHKNn9FbaDL8Ur1tN5LnA0d9sg/s1920/bursa02202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="bursa02202024.jpg" border="0" data-original-height="718" data-original-width="1920" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhiv8LAlwIR-uhwAJ-0FPb73Kg9tAibiq_Zz2AGFjhaQDIhNs7bK_IRfURzmkGaAAQyV3KzBfyVtpx3FyoEudbpp4DRvjFCVWwPtnyVe3Gqg_gR94k8wqg_RH_bJH5tNnVQl25YLWTv2iCOOGTERhn4ftPaqMdhrX1UkfUHKNn9FbaDL8Ur1tN5LnA0d9sg/w640-h240/bursa02202024.jpg" width="640" /></a></div><br /><p><br /></p><p>Overall
market breadth was positive as 615 stocks advanced, 425 retreated and
472 traded sideways, after 3.70 billion shares worth RM2.94 billion
exchanged hands.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p><span></span></p><a name='more'></a>The FBM
Mid 70 Index rose by 1.39%, while the FBM Small Cap Index recorded a
mere gain of 0.36%. The FBM Ace Index also gained 0.31%.<p></p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Sectoral indices were broadly positive, except for REITs and transportation that had mild declines.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The
energy sector surged to its highest in nearly three years, driven by oil
and gas services firm Dialog Group Bhd, which rose 18% to RM2.20. Bumi
Armada Bhd and Dayang Enterprise Holdings Bhd racked up over 6% gain.</p></div><p>
</p><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The most
active stock in terms of volume was Hong Seng Consolidated Bhd, which
ended unchanged at RM0.02, followed by TWL Holdings Bhd (down half a sen
or 14.29% to three sen) and Dialog Group Bhd (up 34 sen or 18.28% to
RM2.20).</p><p><br /></p><p>Source: <a href="https://theedgemalaysia.com/node/701589" rel="nofollow">The Edge</a></p></div>jasontohhttp://www.blogger.com/profile/04940162973639451537noreply@blogger.com0tag:blogger.com,1999:blog-1774070532992142223.post-27489967444094486492024-02-16T20:00:00.001+08:002024-02-16T20:00:06.832+08:00Market Daily Report: Bursa shares end higher on buying support from institutional funds<div class="news-detail_newsTextDataWrap__PkAu5"><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>KUALA
LUMPUR (Feb 16): Bursa Malaysia closed higher on Friday, with the key
index rising 0.34%, boosted by fresh foreign funds as well as late
buying support from local funds.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>At 5pm, the benchmark FBM KLCI gained 5.17 points to 1,533.55 from Thursday’s close of 1,528.38.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The key index opened 2.3 points better at 1,530.68 in the morning and moved between 1,529.3 and 1,534.53 throughout the day.</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgecyHZM5GFSQ8Ul8r7qBHq9Qf_FYonaI3QzDYFZFSYnJyqFPRsE0otnf8C26o7DEe4_YNsH_9Qo_EeYqMzIlSSd79thydHwdfC4WvvxlBYSDSQd2O1iZk3agCq7kOcQI1oxzaio3gaf_2F9bt3s0noVnIWlaml2i3s0MERfFWOxqQQVWCgHPOkN62zhwC4/s1920/bursa02162024.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="723" data-original-width="1920" height="242" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgecyHZM5GFSQ8Ul8r7qBHq9Qf_FYonaI3QzDYFZFSYnJyqFPRsE0otnf8C26o7DEe4_YNsH_9Qo_EeYqMzIlSSd79thydHwdfC4WvvxlBYSDSQd2O1iZk3agCq7kOcQI1oxzaio3gaf_2F9bt3s0noVnIWlaml2i3s0MERfFWOxqQQVWCgHPOkN62zhwC4/w640-h242/bursa02162024.jpg" alt="b.jpgursa02162024.jpg" width="640" /></a></div><br /><p><br /></p><p>Gainers
outpaced losers 553 to 449 on the broader market, while 500 counters
were unchanged, 798 untraded and 11 others suspended.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Turnover slipped to 3.63 billion units worth RM2.36 billion from Thursday's 3.68 billion units valued at RM2.28 billion.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Rakuten
Trade Sdn Bhd equity research vice president Thong Pak Leng said the key
regional markets also trended higher as the US Treasury yields declined
and the dollar weakened against the Japanese yen and other major
regional currencies, while a larger-than-expected drop in US retail
sales for January prompted a slight repositioning of interest rate cut
expectations.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>“The
local benchmark index surged and managed to surpass the stiff resistance
of 1,527 on Tuesday and while it faced a pullback on Thursday, we view
this correction as a healthy consolidation necessary for sustaining an
uptrend.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>“Even as
we anticipate a brief pause for the bulls after Tuesday's strong rally,
the index has maintained its position above all exponential moving
averages (EMA). Coupled with the upward trajectory of the 20-day EMA,
this suggests that the FBM KLCI is still in consolidation mode with a
positive bias,” he said.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Among the
heavyweights, Maybank Bhd added three sen to RM9.43, Public Bank Bhd
rose two sen to RM4.41, CIMB Group Holdings Bhd gained five sen to
RM6.41, Tenaga Nasional Bhd was eight sen higher at RM11.18, and
Petronas Chemicals Group Bhd added four sen to RM6.88.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p><span></span></p><a name='more'></a>As for
the actives, TWL Holdings Bhd and Hong Seng Consolidated Bhd were
unchanged at 3.5 sen and two sen, respectively, Minetech Resources Bhd
advanced two sen to 19 sen, while Fitters Diversified Bhd rose half a
sen to five sen, and its warrant was flat at half a sen.<p></p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>On the
index board, the FBM Emas Index was 38.6 points higher at 11,405.26, the
FBMT 100 Index advanced 35.38 points to 11,053.6, the FBM 70 Index put
on 41.58 points to 15,400.81, the FBM Emas Shariah Index increased by
52.73 points to 11,458.49, and the FBM ACE Index gained 8.74 points to
4,905.29. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Sector-wise,
the Industrial Products and Services Index perked up 1.07 points to
176.11, the Property Index climbed 7.48 points to 928.88, the Plantation
Index surged 38.15 points to 7,254.23, and the Energy Index rose 5.74
points to 895.08.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The Financial Services Index jumped 74.7 points to 17,216.55.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The Main
Market volume widened to 2.42 billion units valued at RM2.13 billion
from Thursday’s 2.33 billion units valued at RM1.99 billion. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Warrants
turnover expanded to 816.92 million units worth RM115.87 million from
669.04 million units worth RM105.4 million the day before. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The ACE
Market volume dwindled to 398.27 million shares worth RM116.78 million
from 653.41 million units worth RM174.73 million units previously.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Consumer
products and services counters accounted for 258 million shares traded
on the Main Market, industrial products and services (716.97 million);
construction (143.1 million); technology (371.28 million); SPAC (nil);
financial services (77.3 million); property (404.36 million); plantation
(67.41 million); REITs (25.81 million), closed/fund (35,900); energy
(124.25 million); healthcare (62.41 million); telecommunications and
media (56.35 million); transportation and logistics (27.94 million); and
utilities (83.21 million).</p><p><br /></p><p>Source: <a href="https://theedgemalaysia.com/node/701195" rel="nofollow">The Edge</a></p></div></div>jasontohhttp://www.blogger.com/profile/04940162973639451537noreply@blogger.com0tag:blogger.com,1999:blog-1774070532992142223.post-29661617914704715052024-02-15T19:43:00.000+08:002024-02-15T19:43:00.793+08:00Market Daily Report: Bursa shares close broadly higher, KLCI almost flat<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>KUALA
LUMPUR (Feb 15): Shares on Bursa Malaysia closed broadly higher on
Thursday, with buying momentum seen in the broader market, although the
FTSE Bursa Malaysia KLCI (FBM KLCI) ended 0.06% lower.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>At 5pm, the benchmark FBM KLCI lost 0.95 of a point to 1,528.38 from Wednesday's close of 1,529.33.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The KLCI opened 0.04 of a point easier at 1,529.29, and moved between 1,525.39 and 1,532.66 throughout the day.</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEijBsthJFuBmzqU-aHs66h2q99M2uwsuUQJn8WUkun1Mc7bTBfOnC0h9OCm3FY5rfxtAWPHtaLTc97ZudFFujr0c7ifA2k86UGFjgCa46aTZqQEzIctQgbad1Vi8Ccn65ggVZpZN_ECMVZ5CnsPWjF93VQVc1arx5eQgSZde2wWJazLWece1qV-K7KsmFZ6/s1920/bursa02152024.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="bursa02152024.jpg" border="0" data-original-height="723" data-original-width="1920" height="242" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEijBsthJFuBmzqU-aHs66h2q99M2uwsuUQJn8WUkun1Mc7bTBfOnC0h9OCm3FY5rfxtAWPHtaLTc97ZudFFujr0c7ifA2k86UGFjgCa46aTZqQEzIctQgbad1Vi8Ccn65ggVZpZN_ECMVZ5CnsPWjF93VQVc1arx5eQgSZde2wWJazLWece1qV-K7KsmFZ6/w640-h242/bursa02152024.jpg" width="640" /></a></div><br /><p><br /></p><p>Gainers beat losers 557 to 370 on the broader market, while 468 counters were unchanged, 904 untraded and 10 others suspended.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Turnover rose to 3.68 billion units valued at RM2.28 billion from Wednesday's 2.81 billion units valued at RM1.93 billion.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>SPI Asset
Management managing director Stephen Innes said the local bourse took
its cue from the recovery rally in the US, which offered global markets a
bit of a respite.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>“This was due to the US yielding the easing touch as traders considered the negative reaction was overdone,” he said.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Wall
Street closed higher overnight, rebounding from the recent
inflation-fuelled sell-off. The Dow Jones Industrial Average added 0.4%,
to end at 38,424.27, Nasdaq rose 1.3%, to close at 15,859.15 and
S&P500 rose 0.96% to finish at 5,000.62.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Losers in
the heavyweights were led by CelcomDigi Bhd, losing three sen at
RM4.23, followed by Petronas Dagangan Bhd, easing 30 sen to RM21.96,
Sime Darby Plantation Bhd and IOI Corp Bhd were down four sen each to
RM4.44 and RM3.98.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Other
heavyweights, Maybank Bhd was flat at RM9.40, Public Bank Bhd and CIMB
Group Holdings Bhd declined a sen each to RM4.39 and RM6.36, while
Tenaga Nasional Bhd added four sen to RM11.10.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p><span></span></p><a name='more'></a>As for
the actives, TWL Holdings Bhd was unchanged at 3.5 sen, Minetech
Resources Bhd added two sen at 17 sen, Widad Group Bhd improved one sen
to 13.5 sen, Sarawak Cable Bhd gained 7.5 sen to 23.5 sen and Sarawak
Consolidated Industries Bhd advanced four sen to 41 sen.<p></p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>On the
index board, the FBM Emas Index was 7.8 points higher at 11,366.66, the
FBMT 100 Index advanced 2.94 points to 11,018.22, the FBM 70 Index put
on 44.3 points to 15,359.23, the FBM Emas Shariah Index increased by
22.36 points to 11,405.76 and the FBM ACE Index gained 53.96 points to
4,896.55. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Sector-wise,
the Industrial Products and Services Index added 0.95 of a point to
175.04 but the Property Index lost 0.53 of a point to 921.4, the
Plantation Index dipped 19.37 points to 7,216.08 and the Energy Index
fell 1.37 points to 889.34.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The Financial Services Index dropped 13.52 points to 17,141.85.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The Main
Market volume widened to 2.33 billion units valued at RM1.99 billion
from Wednesday’s 1.51 billion units worth RM1.69 billion. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Warrants
turnover slipped to 669.04 million units worth RM105.40 million from
794.82 million units worth RM109.98 million on Wednesday. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The ACE
Market volume improved to 653.41 million units worth RM174.73 million
units from 485.38 million valued at RM132.17 million previously.</p></div><p>
</p><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Consumer
products and services counters accounted for 242.12 million shares
traded on the Main Market, industrial products and services (763.9
million); construction (130.28 million); technology (350.11 million);
SPAC (nil); financial services (78.83 million); property (428.0
million); plantation (21.25 million); REITs (15.84 million), closed/fund
(31,700); energy (102.81 million); healthcare (53.84 million);
telecommunications and media (32.22 million); transportation and
logistics (30.09 million); and utilities (85.46 million).</p><p><br /></p><p>Source: <a href="https://theedgemalaysia.com/node/701051" rel="nofollow">The Edge</a></p></div>jasontohhttp://www.blogger.com/profile/04940162973639451537noreply@blogger.com0tag:blogger.com,1999:blog-1774070532992142223.post-73297369809784119832024-02-14T21:13:00.002+08:002024-02-14T21:13:11.800+08:00Market Daily Report: Bursa slightly lower after late buying pares losses<div class="news-detail_newsTextDataWrap__PkAu5"><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>KUALA
LUMPUR (Feb 14): Bursa Malaysia pared losses on Wednesday from the
earlier session due to late buying support. The key index remained in
negative territory and ended the day slightly lower due to profit-taking
after yesterday's significant gains.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) lost 2.04 points to 1,529.33 from Tuesday's close of 1,531.37. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The KLCI opened 3.58 points easier at 1,527.79, and moved between 1,521.79 and 1,530.95 throughout the day.</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjFd5FUACkHunIGHXRPFQDK4AUEax4klJGgVISCV6Ew5XwU7_T6HXjOljsef-_YjtWmAwuwMD9DpbAiyYQwQOrYCL00a_cicvv9SRhNCEzXSGpILyY9E_3dJdTsW4v78q8SOPvFVlH99-o3PP-9WknNDKkVAQ2jUVWVZAw2hrre7sJmY2h2L37vQfynEbOM/s1919/bursa02142024.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="722" data-original-width="1919" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjFd5FUACkHunIGHXRPFQDK4AUEax4klJGgVISCV6Ew5XwU7_T6HXjOljsef-_YjtWmAwuwMD9DpbAiyYQwQOrYCL00a_cicvv9SRhNCEzXSGpILyY9E_3dJdTsW4v78q8SOPvFVlH99-o3PP-9WknNDKkVAQ2jUVWVZAw2hrre7sJmY2h2L37vQfynEbOM/w640-h240/bursa02142024.jpg" alt="bursa02142024.jpg" width="640" /></a></div><br /><p><br /></p><p>Decliners led gainers 503 to 387 on the broader market, while 509 counters were unchanged, 901 untraded and 10 others suspended.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Turnover rose to 2.81 billion units valued at RM1.93 billion from Tuesday's 2.11 billion units valued at RM2.04 billion. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Rakuten
Trade Sdn Bhd equity research vice president Thong Pak Leng said Bursa
Malaysia alongside key regional markets were in negative territory after
an unexpected rise in US inflation on Tuesday, where the consumer price
index (CPI) increased by 3.1% on an annual basis, exceeding economists'
forecast of 2.9%.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p><span></span></p><a name='more'></a>“The stronger data diminishes the likelihood of a rate cut by the US Federal Reserve in the near term, he said.<p></p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>On the
local front, the benchmark index is well supported above 1,520 and is
strongly holding the crucial breakout line at 1,526 to 1,527.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>“We hope
the FBM KLCI can sustain this level for an extended period as a solid
foundation for further advancement. As such, we are maintaining our
weekly KLCI target of between 1,520 and 1,540,” he added.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Among the
gainers in the heavyweights, Petronas Dagangan Bhd added 54 sen to
RM22.26, CIMB Group Holdings Bhd climbed up three sen to RM6.37, MISC
Bhd was seven sen better at RM7.45 and AMMB Holdings Bhd improved five
sen to RM4.34.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Other
heavyweights, Maybank Bhd was four sen easier at RM9.40, Public Bank Bhd
was flat at RM4.40 and Tenaga Nasional Bhd was two sen easier at
RM11.06. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>As
for the actives, RGB International Bhd and MMAG Holdings Bhd added 1.5
sen each at 33 sen and 11.5 sen, Master Tec Group Bhd rose 2.5 sen at
41.5 sen while Widad Group Bhd lost half a sen at 12.5 sen.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>On the
index board, the FBM Emas Index dropped 15.15 points to 11,358.86, the
FBMT 100 Index fell 14.51 points to 11,015.28, the FBM 70 Index shaved
19.38 points to 15,314.93, the FBM Emas Shariah Index dipped 29.24
points to 11,383.4, but the FBM ACE Index gained 9.07 points to
4,842.59. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Sector-wise,
the Property Index slipped by 5.63 points to 921.93, the Plantation
Index fell 41.18 points to 7,235.45 and the Energy Index went down 0.69
of a point to 890.71. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The
Financial Services Index improved 7.11 points to 17,155.37 and the
Industrial Products and Services Index shed 0.67 of a point to 174.09.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The Main
Market volume slipped to 1.51 billion units worth RM1.69 billion from
Tuesday’s 1.57 billion units worth RM1.93 billion. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Warrants
turnover widened to 794.82 million units worth RM109.98 million from
205.28 million units worth RM27.91 million the previous day. </p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The ACE
Market volume improved to 485.38 million valued at RM132.17 million from
332.83 million shares valued at RM85.91 million previously.</p></div>
<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Consumer
products and services counters accounted for 229.52 million shares
traded on the Main Market, industrial products and services (475.63
million); construction (123.48 million); technology (119.3 million);
SPAC (nil); financial services (60.18 million); property (213.54
million); plantation (24.2 million); REITs (15.61 million), closed/fund
(1,000); energy (81.12 million); healthcare (37.89 million);
telecommunications and media (41.81 million); transportation and
logistics (19.87 million); and utilities (66.1 million).</p><p><br /></p><p>Source: <a href="https://theedgemalaysia.com/node/700910" rel="nofollow">The Edge</a></p></div></div>jasontohhttp://www.blogger.com/profile/04940162973639451537noreply@blogger.com0tag:blogger.com,1999:blog-1774070532992142223.post-84627733337995978682024-02-13T22:18:00.001+08:002024-02-13T22:18:06.959+08:00Market Daily Report: KLCI jumps 1.26% on foreign buying, index at 20-month high<p> <span style="background-color: #fffefa; color: #40484c; font-family: __HelveticaNeue_489c30, __HelveticaNeue_Fallback_489c30; font-size: 1em;">KUALA LUMPUR (Feb 13): Bursa Malaysia finished higher across the board on Tuesday, with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ending at a 20-month high, the highest level since June 2022, supported by steady buying from foreign investors.</span></p><div class="newsTextDataWrapInner" style="--bs-popover-max-width: 100% !important; background-color: #fffefa; box-sizing: border-box; color: #212529; font-family: __HelveticaNeue_489c30, __HelveticaNeue_Fallback_489c30; font-size: 18px; margin-bottom: 30px;"><p style="--bs-popover-max-width: 100% !important; box-sizing: border-box; color: #40484c; font-size: 1em; line-height: 1.5; margin-bottom: 0px; margin-top: 0px;">At 5pm, the market bellwether jumped 19.09 points to 1,531.37 from Friday's close of 1,512.28.</p></div><div class="newsTextDataWrapInner" style="--bs-popover-max-width: 100% !important; background-color: #fffefa; box-sizing: border-box; color: #212529; font-family: __HelveticaNeue_489c30, __HelveticaNeue_Fallback_489c30; font-size: 18px; margin-bottom: 30px;"><p style="--bs-popover-max-width: 100% !important; box-sizing: border-box; color: #40484c; font-size: 1em; line-height: 1.5; margin-bottom: 0px; margin-top: 0px;">The market was closed on Monday (Feb 12) for the Chinese New Year replacement holiday. </p></div><div class="inPageAd" data-google-query-id="CLLZxoHAqIQDFdrXcwEdKxcA9w" id="div-gpt-ad-inpage" style="--bs-popover-max-width: 100% !important; background-color: #fffefa; box-sizing: border-box; color: #212529; font-family: __HelveticaNeue_489c30, __HelveticaNeue_Fallback_489c30; font-size: 16px;"><div id="google_ads_iframe_/9457649/Inpage_0__container__" style="--bs-popover-max-width: 100% !important; border: 0pt none; box-sizing: border-box;"><iframe allow="attribution-reporting" aria-label="Advertisement" data-google-container-id="c" data-load-complete="true" frameborder="0" height="4" id="google_ads_iframe_/9457649/Inpage_0" marginheight="0" marginwidth="0" name="google_ads_iframe_/9457649/Inpage_0" scrolling="no" style="--bs-popover-max-width: 100% !important; border-style: initial; border-width: 0px; box-sizing: border-box; vertical-align: bottom;" tabindex="0" title="3rd party ad content" width="1"></iframe></div></div><div class="newsTextDataWrapInner" style="--bs-popover-max-width: 100% !important; background-color: #fffefa; box-sizing: border-box; color: #212529; font-family: __HelveticaNeue_489c30, __HelveticaNeue_Fallback_489c30; font-size: 18px; margin-bottom: 30px;"><p style="--bs-popover-max-width: 100% !important; box-sizing: border-box; color: #40484c; font-size: 1em; line-height: 1.5; margin-bottom: 0px; margin-top: 0px;">The KLCI opened 0.35 of a point higher at 1,512.63 and moved between 1,512.63 and 1,533.16 throughout the day.</p></div><div class="newsTextDataWrapInner" style="--bs-popover-max-width: 100% !important; background-color: #fffefa; box-sizing: border-box; color: #212529; font-family: __HelveticaNeue_489c30, __HelveticaNeue_Fallback_489c30; font-size: 18px; margin-bottom: 30px;"><p style="--bs-popover-max-width: 100% !important; box-sizing: border-box; color: #40484c; font-size: 1em; line-height: 1.5; margin-bottom: 0px; margin-top: 0px;">Gainers trounced losers 634 to 297 on the broader market, while 425 counters were </p><p style="--bs-popover-max-width: 100% !important; box-sizing: border-box; color: #40484c; font-size: 1em; line-height: 1.5; margin-bottom: 0px; margin-top: 0px;">unchanged, 927 untraded and 11 others suspended.</p><p style="--bs-popover-max-width: 100% !important; box-sizing: border-box; color: #40484c; font-size: 1em; line-height: 1.5; margin-bottom: 0px; margin-top: 0px;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiMcQCaYXn89i1Lc5oKdh4Q0TbFa6z81OAjQbFML72AbdTHNm2Cdh2YiLanwHjBOvBwdaei3tQdhJcQE0T7tAJ6165jFOtLNFGLFZl-NvBGp5PMVbLgOqNxiDh58O0rd3n-b9H2VnMACnwckyOSFvmS3Yw5FtZpMScysbmRCD_v-A0ybOVCKTlsiwsW3_3B/s2440/Screenshot%202024-02-13%20at%2010.12.34%E2%80%AFPM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1328" data-original-width="2440" height="348" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiMcQCaYXn89i1Lc5oKdh4Q0TbFa6z81OAjQbFML72AbdTHNm2Cdh2YiLanwHjBOvBwdaei3tQdhJcQE0T7tAJ6165jFOtLNFGLFZl-NvBGp5PMVbLgOqNxiDh58O0rd3n-b9H2VnMACnwckyOSFvmS3Yw5FtZpMScysbmRCD_v-A0ybOVCKTlsiwsW3_3B/w640-h348/Screenshot%202024-02-13%20at%2010.12.34%E2%80%AFPM.png" alt="bursa02132024.jpg" width="640" /></a></div><br /><p style="--bs-popover-max-width: 100% !important; box-sizing: border-box; color: #40484c; font-size: 1em; line-height: 1.5; margin-bottom: 0px; margin-top: 0px;"><br /></p></div><div class="newsTextDataWrapInner" style="--bs-popover-max-width: 100% !important; background-color: #fffefa; box-sizing: border-box; color: #212529; font-family: __HelveticaNeue_489c30, __HelveticaNeue_Fallback_489c30; font-size: 18px; margin-bottom: 30px;"><p style="--bs-popover-max-width: 100% !important; box-sizing: border-box; color: #40484c; font-size: 1em; line-height: 1.5; margin-bottom: 0px; margin-top: 0px;">Rakuten Trade Sdn Bhd equity research vice president Thong Pak Leng said foreign buyers were seen actively participating in Tuesday's trading and buying blue chips.</p></div><div class="newsTextDataWrapInner" style="--bs-popover-max-width: 100% !important; background-color: #fffefa; box-sizing: border-box; color: #212529; font-family: __HelveticaNeue_489c30, __HelveticaNeue_Fallback_489c30; font-size: 18px; margin-bottom: 30px;"><p style="--bs-popover-max-width: 100% !important; box-sizing: border-box; color: #40484c; font-size: 1em; line-height: 1.5; margin-bottom: 0px; margin-top: 0px;">“It looks like the funds are flowing back to the region,” he said, adding that the Hong Kong and China markets are still closed due to the Chinese New Year celebration.</p></div><div class="newsTextDataWrapInner" style="--bs-popover-max-width: 100% !important; background-color: #fffefa; box-sizing: border-box; color: #212529; font-family: __HelveticaNeue_489c30, __HelveticaNeue_Fallback_489c30; font-size: 18px; margin-bottom: 30px;"><p style="--bs-popover-max-width: 100% !important; box-sizing: border-box; color: #40484c; font-size: 1em; line-height: 1.5; margin-bottom: 0px; margin-top: 0px;">The KLCI had breached the 1,527 resistance level, supported by strong buying from foreign funds, he said.</p></div><div class="newsTextDataWrapInner" style="--bs-popover-max-width: 100% !important; background-color: #fffefa; box-sizing: border-box; color: #212529; font-family: __HelveticaNeue_489c30, __HelveticaNeue_Fallback_489c30; font-size: 18px; margin-bottom: 30px;"><p style="--bs-popover-max-width: 100% !important; box-sizing: border-box; color: #40484c; font-size: 1em; line-height: 1.5; margin-bottom: 0px; margin-top: 0px;">“We maintain our cautiously optimistic view on the local stock market, fuelled by its enticing valuations and continuous support from foreign inflows, although we do not discount the possibility of profit-taking activities.</p></div><div class="newsTextDataWrapInner" style="--bs-popover-max-width: 100% !important; background-color: #fffefa; box-sizing: border-box; color: #212529; font-family: __HelveticaNeue_489c30, __HelveticaNeue_Fallback_489c30; font-size: 18px; margin-bottom: 30px;"><p style="--bs-popover-max-width: 100% !important; box-sizing: border-box; color: #40484c; font-size: 1em; line-height: 1.5; margin-bottom: 0px; margin-top: 0px;">“Should the FBM KLCI manage to maintain its position above the 1,527 level over an extended period, there is potential for the index to make additional advancements. We anticipate the benchmark index to trend within the 1,520-1,540 range for the week,” Thong said. </p></div><div class="newsTextDataWrapInner" style="--bs-popover-max-width: 100% !important; background-color: #fffefa; box-sizing: border-box; color: #212529; font-family: __HelveticaNeue_489c30, __HelveticaNeue_Fallback_489c30; font-size: 18px; margin-bottom: 30px;"><p style="--bs-popover-max-width: 100% !important; box-sizing: border-box; color: #40484c; font-size: 1em; line-height: 1.5; margin-bottom: 0px; margin-top: 0px;">MIDF Research reported that foreign investors maintained their net buying streak on Bursa Malaysia, with an inflow of RM400.7 million, marking the third consecutive week of net purchases. </p></div><div class="newsTextDataWrapInner" style="--bs-popover-max-width: 100% !important; background-color: #fffefa; box-sizing: border-box; color: #212529; font-family: __HelveticaNeue_489c30, __HelveticaNeue_Fallback_489c30; font-size: 18px; margin-bottom: 30px;"><p style="--bs-popover-max-width: 100% !important; box-sizing: border-box; color: #40484c; font-size: 1em; line-height: 1.5; margin-bottom: 0px; margin-top: 0px;">In its Fund Flow Report for the week ended Feb 9, 2024, the research house said foreigners recorded net buying every day, with Tuesday witnessing the highest inflow of RM188.9 million.</p></div><div class="newsTextDataWrapInner" style="--bs-popover-max-width: 100% !important; background-color: #fffefa; box-sizing: border-box; color: #212529; font-family: __HelveticaNeue_489c30, __HelveticaNeue_Fallback_489c30; font-size: 18px; margin-bottom: 30px;"><p style="--bs-popover-max-width: 100% !important; box-sizing: border-box; color: #40484c; font-size: 1em; line-height: 1.5; margin-bottom: 0px; margin-top: 0px;">Meanwhile, Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said Tuesday's surge was primarily driven by robust performance in the banking, energy, and plantation sectors.</p></div><div class="newsTextDataWrapInner" style="--bs-popover-max-width: 100% !important; background-color: #fffefa; box-sizing: border-box; color: #212529; font-family: __HelveticaNeue_489c30, __HelveticaNeue_Fallback_489c30; font-size: 18px; margin-bottom: 30px;"><p style="--bs-popover-max-width: 100% !important; box-sizing: border-box; color: #40484c; font-size: 1em; line-height: 1.5; margin-bottom: 0px; margin-top: 0px;">“Additionally, the bullish momentum on Wall Street may have played a role in propelling the benchmark index upwards, with the S&P 500 hitting record highs and surpassing 5,000 points, as investors await the release of the US consumer price index data later this evening [Tuesday],” he added.</p></div><div class="newsTextDataWrapInner" style="--bs-popover-max-width: 100% !important; background-color: #fffefa; box-sizing: border-box; color: #212529; font-family: __HelveticaNeue_489c30, __HelveticaNeue_Fallback_489c30; font-size: 18px; margin-bottom: 30px;"><p style="--bs-popover-max-width: 100% !important; box-sizing: border-box; color: #40484c; font-size: 1em; line-height: 1.5; margin-bottom: 0px; margin-top: 0px;">Meanwhile, REDtone Digital was in the limelight after it secured a 60-month MyGovUC 3.0 contract from the Malaysian Administrative Modernisation and Management Planning Unit (Mampu) worth about RM398.1 million.</p></div><div class="newsTextDataWrapInner" style="--bs-popover-max-width: 100% !important; background-color: #fffefa; box-sizing: border-box; color: #212529; font-family: __HelveticaNeue_489c30, __HelveticaNeue_Fallback_489c30; font-size: 18px; margin-bottom: 30px;"><p style="--bs-popover-max-width: 100% !important; box-sizing: border-box; color: #40484c; font-size: 1em; line-height: 1.5; margin-bottom: 0px; margin-top: 0px;">The counter closed at RM1.04 on Tuesday, a fresh high since 2005, with 11.7 million shares traded.</p></div><div class="newsTextDataWrapInner" style="--bs-popover-max-width: 100% !important; background-color: #fffefa; box-sizing: border-box; color: #212529; font-family: __HelveticaNeue_489c30, __HelveticaNeue_Fallback_489c30; font-size: 18px; margin-bottom: 30px;"><p style="--bs-popover-max-width: 100% !important; box-sizing: border-box; color: #40484c; font-size: 1em; line-height: 1.5; margin-bottom: 0px; margin-top: 0px;">Among the heavyweights, Maybank Bhd added 18 sen to RM9.44, Tenaga Nasional Bhd surged 30 sen to RM11.08, CIMB Group Holdings Bhd climbed 15 sen at RM6.34, Petronas Chemicals Group Bhd improved 13 sen to RM6.84, while Public Bank Bhd added five sen at RM4.40. </p></div><div class="newsTextDataWrapInner" style="--bs-popover-max-width: 100% !important; background-color: #fffefa; box-sizing: border-box; color: #212529; font-family: __HelveticaNeue_489c30, __HelveticaNeue_Fallback_489c30; font-size: 18px; margin-bottom: 30px;"><p style="--bs-popover-max-width: 100% !important; box-sizing: border-box; color: #40484c; font-size: 1em; line-height: 1.5; margin-bottom: 0px; margin-top: 0px;">As for the actives, Widad Group Bhd rose a sen to 13 sen, YNH Property Bhd was six sen better at 67.5 sen, TWL Holdings Bhd advanced half a sen to four sen, MYEG Services Bhd improved 1.5 sen at 81 sen, and Reneuco Bhd was unchanged at 5.5 sen.</p></div><div class="newsTextDataWrapInner" style="--bs-popover-max-width: 100% !important; background-color: #fffefa; box-sizing: border-box; color: #212529; font-family: __HelveticaNeue_489c30, __HelveticaNeue_Fallback_489c30; font-size: 18px; margin-bottom: 30px;"><p style="--bs-popover-max-width: 100% !important; box-sizing: border-box; color: #40484c; font-size: 1em; line-height: 1.5; margin-bottom: 0px; margin-top: 0px;"><span></span></p><a name='more'></a>On the index board, the FBM Emas Index was 128.99 points higher at 11,374.01, the FBMT 100 Index advanced 125.28 points to 11,029.79, the FBM 70 Index put on 123.98 points to 15,334.31, the FBM Emas Shariah Index increased 126.46 points to 11,412.64, and the FBM ACE Index expanded 11.31 points to 4,833.52. <p></p></div><div class="newsTextDataWrapInner" style="--bs-popover-max-width: 100% !important; background-color: #fffefa; box-sizing: border-box; color: #212529; font-family: __HelveticaNeue_489c30, __HelveticaNeue_Fallback_489c30; font-size: 18px; margin-bottom: 30px;"><p style="--bs-popover-max-width: 100% !important; box-sizing: border-box; color: #40484c; font-size: 1em; line-height: 1.5; margin-bottom: 0px; margin-top: 0px;">Sector-wise, the Property Index went up 15.21 points to 927.56, the Plantation Index rose 84.47 points to 7,276.63, and the Energy Index improved 3.44 points to 891.4.</p></div><div class="newsTextDataWrapInner" style="--bs-popover-max-width: 100% !important; background-color: #fffefa; box-sizing: border-box; color: #212529; font-family: __HelveticaNeue_489c30, __HelveticaNeue_Fallback_489c30; font-size: 18px; margin-bottom: 30px;"><p style="--bs-popover-max-width: 100% !important; box-sizing: border-box; color: #40484c; font-size: 1em; line-height: 1.5; margin-bottom: 0px; margin-top: 0px;">The Financial Services Index soared 267.29 points to 17,148.26 while the Industrial Products and Services Index added 2.07 points to 174.46.<br style="--bs-popover-max-width: 100% !important; box-sizing: border-box;" /><br style="--bs-popover-max-width: 100% !important; box-sizing: border-box;" />The Main Market volume expanded to 1.57 billion units worth RM1.93 billion from last Friday’s 1.08 billion units worth RM933.56 million. </p></div><div class="newsTextDataWrapInner" style="--bs-popover-max-width: 100% !important; background-color: #fffefa; box-sizing: border-box; color: #212529; font-family: __HelveticaNeue_489c30, __HelveticaNeue_Fallback_489c30; font-size: 18px; margin-bottom: 30px;"><p style="--bs-popover-max-width: 100% !important; box-sizing: border-box; color: #40484c; font-size: 1em; line-height: 1.5; margin-bottom: 0px; margin-top: 0px;">Warrants turnover dwindled to 205.28 million units worth RM27.91 million from 448.53 million units worth RM71.83 million last Friday. </p></div><div class="newsTextDataWrapInner" style="--bs-popover-max-width: 100% !important; background-color: #fffefa; box-sizing: border-box; color: #212529; font-family: __HelveticaNeue_489c30, __HelveticaNeue_Fallback_489c30; font-size: 18px; margin-bottom: 30px;"><p style="--bs-popover-max-width: 100% !important; box-sizing: border-box; color: #40484c; font-size: 1em; line-height: 1.5; margin-bottom: 0px; margin-top: 0px;">The ACE Market volume improved to 332.83 million shares valued at RM85.91 million from 325.18 million shares worth RM88.91 million previously.</p></div><div class="newsTextDataWrapInner" style="--bs-popover-max-width: 100% !important; background-color: #fffefa; box-sizing: border-box; color: #212529; font-family: __HelveticaNeue_489c30, __HelveticaNeue_Fallback_489c30; font-size: 18px; margin-bottom: 30px;"><p style="--bs-popover-max-width: 100% !important; box-sizing: border-box; color: #40484c; font-size: 1em; line-height: 1.5; margin-bottom: 0px; margin-top: 0px;">Consumer products and services counters accounted for 231.98 million shares traded on the Main Market, industrial products and services (372.47 million); construction (144.36 million); technology (143.75 million); SPAC (nil); financial services (69.2 million); property (277.6 million); plantation (17.36 million); REITs (20.6 million), closed/fund (16,100); energy (98.54 million); healthcare (50.49 million); telecommunications and media (37 million); transportation and logistics (27.6 million); and utilities (78.21 million).</p><p style="--bs-popover-max-width: 100% !important; box-sizing: border-box; color: #40484c; font-size: 1em; line-height: 1.5; margin-bottom: 0px; margin-top: 0px;"><br /></p><p style="--bs-popover-max-width: 100% !important; box-sizing: border-box; color: #40484c; font-size: 1em; line-height: 1.5; margin-bottom: 0px; margin-top: 0px;"><br /></p><p style="--bs-popover-max-width: 100% !important; box-sizing: border-box; color: #40484c; font-size: 1em; line-height: 1.5; margin-bottom: 0px; margin-top: 0px;">Source: <a href="https://theedgemalaysia.com/node/700770" rel="nofollow">The Edge</a></p></div>jasontohhttp://www.blogger.com/profile/04940162973639451537noreply@blogger.com0tag:blogger.com,1999:blog-1774070532992142223.post-80360363553562776652024-02-09T19:10:00.003+08:002024-02-09T19:10:31.019+08:00Market Daily Report: Bursa ends flat in quiet trading<div class="newsTextDataWrapInner" style="font-size: 18px;"><p>KUALA LUMPUR (Feb 9): Bursa Malaysia ended on a flat note in a quiet market ahead of the Chinese New Year’s long weekend.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>At 5pm,
the FTSE Bursa Malaysia KLCI (FBM KLCI) was flat, just 0.08 of-a-point
lower at 1,512.28 from from Thursday’s close of 1,512.36.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The market will be closed next Monday (Feb 12) for the Chinese New Year public holiday.</p></div><div class="inPageAd" data-google-query-id="CNGi0_6OnoQDFWfKPAIdgXoNNw" id="div-gpt-ad-inpage"><div class="inread_sponsored_ad" style="transition: transform 700ms ease-out 0s;">
<div class="inread_sponsored">
<div class="inread_sponsored_image_container">
<div class="inread_sponsored_image_content"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh8yztLS9qUANa__J8IH8n6aArgDQUXEzRyCm6r2IE6WeYOzO3ojgD57mGkpFd-XCtY95hm3UPZT_PLMbn41hjJmnc8TH9PVoakeePFEEtsrSz39nsjNL8NO1Wut-qvo1FHGawqvQ05qqKxLBMQS51dKgnOJzuLnsTk3J37slTVmeciAgcnZo5hPGXMsUt5/s1920/bursa02092024.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="720" data-original-width="1920" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh8yztLS9qUANa__J8IH8n6aArgDQUXEzRyCm6r2IE6WeYOzO3ojgD57mGkpFd-XCtY95hm3UPZT_PLMbn41hjJmnc8TH9PVoakeePFEEtsrSz39nsjNL8NO1Wut-qvo1FHGawqvQ05qqKxLBMQS51dKgnOJzuLnsTk3J37slTVmeciAgcnZo5hPGXMsUt5/w640-h240/bursa02092024.jpg" alt="bursa02092024.jpg" width="640" /></a></div><br /><span style="font-size: 18px;"><br /></span></div><div class="inread_sponsored_image_content"><span style="font-size: 18px;"><br /></span></div><div class="inread_sponsored_image_content"><span style="font-size: 18px;">The barometer index opened 1.46 points higher at 1,513.82, and moved between 1,509.56 and 1,514.72 throughout the day.</span></div></div></div></div></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Gainers
trounced losers 530 to 313 on the broader market, while 445 counters
were unchanged, 999 untraded and 11 others suspended.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Turnover slid to 1.86 billion units valued at RM1.1 billion from Thursday’s 3.25 billion units valued at RM2.0 billion. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Rakuten
Trade Sdn Bhd equity research vice-president Thong Pak Leng said Bursa
Malaysia finished on thin volume, with buying interest in the broader
market mainly on energy and property sectors.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Among the
heavyweights, CelcomDigi Bhd added one sen to RM4.23, Press Metal
Aluminium Holdings Bhd increased one sen to RM4.63, and MISC Bhd gained
two sen to RM7.35. Tenaga Nasional Bhd stood at RM10.78, followed by
Malayan Banking Bhd at RM9.26 and Petronas Chemicals Group Bhd at
RM6.71, as all three counters were flat. Meanwhile, Public Bank Bhd
eased two sen to RM4.35 and CIMB Group Holdings Bhd declined four sen to
RM6.19.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>As for
the actives, Dataprep Holdings Bhd rose two sen to 15 sen, Minetech
Resources Bhd improved by 1.5 sen to 14.5 sen, Velesto Energy Bhd was
flat at 26.5 sen, Reneuco Bhd shed 1.5 sen to 5.5 sen, while Widad Group
Bhd eased half sen to 12 sen and TWL Holdings Bhd dipped half sen to
3.5 sen.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>In a
filing with Bursa Malaysia on Friday, Reneuco announced that the company
is an affected listed issuer under Practice Note 17 of the Main Market
Listing Requirements of Bursa Malaysia.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>On the
index board, the FBM Emas Index was 11.09 points higher at 11,245.02,
the FBMT 100 Index advanced 7.03 points to 10,904.51, the FBM 70 Index
strengthened by 41.10 points to 15,210.33, the FBM Emas Shariah Index
appreciated 20.35 points to 11,286.18, and the FBM ACE Index swelled
50.40 points to 4,822.21.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Sector-wise,
the Property Index went up 7.25 points to 912.35, the Plantation Index
gave up 5.75 points to 7,192.16 and the Energy Index added 7.26 points
to 887.96.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The
Financial Services Index depreciated 35.92 points to 16,880.97, but the
Industrial Products and Services Index added 0.46 of-a-point to 172.69.</p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The Main
Market volume eased slightly to 1.08 billion units worth RM933.56
million from Thursday’s 1.85 billion units worth RM1.77 billion. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Warrants
turnover fell to 448.53 million units worth RM71.83 million from 676.53
million units worth RM102.92 million on Thursday. </p></div><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>The ACE
Market volume declined to 325.18 million shares worth RM88.91 million
against 695.62 million shares worth RM118.56 million previously. </p></div><p>
</p><div class="newsTextDataWrapInner" style="font-size: 18px;"><p>Consumer
products and services counters accounted for 224.44 million shares
traded on the Main Market, industrial products and services (200.03
million), construction (71.30 million), technology (135.69 million),
SPAC (nil), financial services (26.82 million), property (207.56
million), plantation (10.43 million), REITs (8.02 million), closed/fund
(27,000), energy (90.56 million), healthcare (33.31 million),
telecommunications and media (16.64 million), transportation and
logistics (13.00 million), and utilities (38.05 million).</p><p><br /></p><p>Source: <a href="https://theedgemalaysia.com/node/700554" rel="nofollow">The Edge</a></p></div>jasontohhttp://www.blogger.com/profile/04940162973639451537noreply@blogger.com0