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Market Daily Report: Bursa Malaysia Closes Higher On BNM’s OPR Decision, Wall Street Gains

KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
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Market Daily Report (02 Jan 2015)

FBM KLCI kick off the year with a decline of 8.48 pts to close at 1,752.770.

FBM KLCI started the year 2015 with a slight drop

The drop is about 0.48% as the oil price downtrend seems to continue.

Brent crude continues to trade at sluggish levels of US$57 per barrel. 

The top gainers for the day are as follow:

Nestle Bhd close at 68.88, up 0.038, Lafarge Malaysia Bhd increase 0.3 to close at 10.06, Hong Leong Financial Group Bhd up by 28 cents to 16.80 while Allianze also by 28 cents to 11.70. Below is the top 10 gainers for the day:

Top 10 Gainers

On the other end, leading the top losers are British American Tobacco with a decrease of RM1.10 to close at RM64, Kuala Lumpur Kepong dropped about 80 cents to RM22, DanaInfra Retail Sukuk also drop 80 cents to RM100. Below are the TOP 10 Losers of the day.

Top 10 Losers
Below are the top 10 Active counters for the day:


According to report from TheEdge, investors are still cautious as crude oil continues to slide. 

There is also a downward revision for the end-2015 target for FBM KLCI to 1,720 pts from the previously 1,930 by JF Apex Securities Research and said the local stock market will continue to exhibit choppy trade as long as crude oil price stays sluggish, with the continued weakening of the ringgit against the US dollar.

On the regional front, both the Hong Kong's Hang Seng and South Korea's Kospi were up by 1.07% and 0.57% respectively.

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Comments

  1. Henry TanJanuary 3, 2015 at 5:49 PM

    hmmm seems like 2015 is not a good year too huh! hopefully it doesnt get worst!

    30 Days Money Challenge here!!

    ReplyDelete
  2. jasontohJanuary 3, 2015 at 11:34 PM

    Not a good start, we still don't know how it goes throughout the year.

    ReplyDelete

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