Market Daily Report: Bursa Malaysia ends sharply higher on last trading day of 2021

 

KUALA LUMPUR (Dec 31): Bursa Malaysia ended sharply higher to close at its intra-day high on New Year's Eve, after wallowing in the red all day, owing primarily to bargain-hunting activities in the final hour of trading, a dealer said.

As at 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) soared 23.92 points or 1.15% to end at 1,567.53 compared with 1,543.61 at Thursday's close. 

The index opened 0.62 of-a-point weaker at 1,542.99 on Friday morning, stayed in the red territory throughout the day, hit a low of 1,531.81 before rebounding to its intra-day high 10 minutes before closing.

On the broader market, gainers led losers 479 to 413 while 416 counters were unchanged, 982 untraded, and 31 others suspended.

Turnover rose to 2.52 billion units valued at RM1.86 billion from Thursday’s 2.24 billion units valued at RM1.51 billion.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the company expected bargain-hunting activities to continue given the improving market sentiment.

“The confirmation of a RM1,000 cap on stamp duty is certainly good news for the local bourse and we expect this should boost overall trading activities. On the other hand, we remain cautious given the heightened market volatility and still unresolved Covid-19 pandemic,” he told Bernama. 

Meanwhile, key regional markets closed mixed following the overnight selldown on Wall Street and trading activity was also somewhat subdued as some traders looked to get a head start on New Year's festivities.

Japan’s Nikkei 225 lost 0.4% to 28,791.71, South Korea’s KOSPI fell 0.52% to 2,977.65, Singapore’s Strait Times Index was down 0.09% to 3,123.68, but Hong Kong’s Hang Seng rose 1.24% to 23,397.67. 

Among heavyweights, IHH Healthcare Bhd added 56 sen to RM7.34, Axiata Group Bhd gained 31 sen to RM4.16, Maxis Bhd rose 36 sen to RM4.85, and Digi.Com Bhd was 32 sen better at RM4.36.

Other heavyweights, Malayan Banking Bhd was flat at RM8.30, Public Bank Bhd perked up one sen to RM4.16, Petronas Chemicals Group Bhd was 13 sen better at RM8.92, and CIMB Group Holdings Bhd gained four sen to RM5.45.

Of the actives, XOX Bhd and AT Systematization Bhd were unchanged at three sen respectively, SMTrack Bhd added 1.5 sen to 19 sen, AirAsia Group Bhd's warrant jumped 20.5 sen to 21 sen, but BSL Corp Bhd's warrant shed half-a-sen to 20 sen.

On the index board, the FBM Emas Shariah Index soared 182.98 points to 12,263.1, the FBM Emas Index jumped 118.74 points to 11,308.79, the FBMT 100 Index improved 124.84 points to 11,015.13 and the FBM ACE put on 25.94 points to 6,419.6.

In contrast, the FBM 70 fell 26.99 points to 14,209.95.

Sector-wise, the Financial Services Index added 53.1 points to 15,565.64, the Industrial Products and Services Index rose 1.11 points to 202.71, but the Plantation Index fell 36.37 points to 6,552.11. 

The Main Market volume expanded to 1.41 billion shares valued at RM1.66 billion versus Thursday's 1.23 billion shares valued at RM1.32 billion.

Warrants turnover increased to 157.66 million units worth RM22.45 million compared with 140.92 million units worth RM18.53 million on Thursday.

The ACE Market volume improved to 903.15 million shares valued at RM147.29 million from 873.75 million shares valued at RM165.78 million previously.

Consumer products and services counters accounted for 366.62 million shares traded on the Main Market, industrial products and services (455.9 million), construction (31.67 million), technology (115 million), SPAC (nil), financial services (44.83 million), property (107.79 million), plantation (13.86 million), REITs (8.71 million), closed/fund (15,000), energy (60.74 million), healthcare (97.53 million), telecommunications and media (50.81 million), transportation and logistics (30.57 million), and utilities (23.21 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia snaps six-day winning streak to end lower

 

KUALA LUMPUR (Dec 30): Bursa Malaysia snapped a six-day winning streak to close lower on Thursday (Dec 30), taking cues from the mixed global market performance amid moderate profit-taking activities. 

As at 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) dipped 1.43 points to end at 1,543.61 compared with 1,545.04 on Wednesday.

The index opened 0.31 of-a-point weaker at 1,544.73 on Thursday morning, went through choppy trading throughout the day, and moved between 1,539.57 and 1,547.75.

On the broader market, gainers led losers 448 to 408 while 436 counters were unchanged, 1,019 untraded, and 53 others suspended.

Turnover fell to 2.24 billion units valued at RM1.51 billion from Wednesday’s 2.41 billion units valued at RM1.83 billion.

Key regional indices were mostly in the red following a mixed performance on Wall Street overnight.

Japan’s Nikkei 225 lost 0.4% to 28,791.71, South Korea’s KOSPI fell 0.52% to 2,977.65 and Singapore’s Strait Times Index was down 0.36% to 3,126.64, but Hong Kong’s Hang Seng rose 0.11% to 23,112.01. 

Among the heavyweights, Petronas Chemicals Group Bhd erased 10 sen to RM8.79, Public Bank Bhd lost four sen to RM4.15, Hong Leong Bank Bhd fell 24 sen to RM18.44, and Malayan Banking Bhd was three sen lower at RM8.30.

Of the actives, SMTrack Bhd added two sen to 17.5 sen, AT Systematization Bhd lost half-a-sen to three sen, XOX Bhd and DGB Asia Bhd were flat at three sen respectively, while NWP Holdings Bhd advanced one sen to 25 sen. 

On the index board, the FBM Emas Shariah Index increased 25.88 points to 12,080.11, the FBM 70 rose 11.86 points to 14,236.9 while the FBM ACE put on 30.69 points to 6,393.66.

However, the FBM Emas Index was 5.16 points easier at 11,190.05 and the FBMT 100 Index fell 5.65 points to 10,890.29.

Sector-wise, the Financial Services Index slipped 108.52 points to 15,512.53, the Industrial Products and Services Index shed 0.48 of-a-point to 201.6, but the Plantation Index perked up 43.7 points to 6,588.48. 

The Main Market volume narrowed to 1.23 billion shares valued at RM1.32 billion versus Wednesday's 1.39 billion shares valued at RM1.6 billion.

Warrants turnover declined to 140.92 million units worth RM18.53 million compared with 168.21 million units worth RM22.1 million on Wednesday.

However, ACE Market volume improved to 873.75 million shares valued at RM165.78 million from 840.37 million shares valued at RM211.51 million previously.

Consumer products and services counters accounted for 222.81 million shares traded on the Main Market, industrial products and services (440.25 million), construction (39.37 million), technology (206.97 million), SPAC (nil), financial services (54.92 million), property (67.27 million), plantation (7.85 million), REITs (6.7 million), closed/fund (55,000), energy (63.87 million), healthcare (59.36 million), telecommunications and media (24.21 million), transportation and logistics (25.77 million), and utilities (9.49 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends at intra-day high after choppy trading

 

KUALA LUMPUR (Dec 29): Bursa Malaysia recouped earlier losses to close at its intra-day high on Wednesday (Dec 29) after experiencing choppy trading throughout the day.

As at 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.15 points to end at 1,545.04 compared with 1,539.89 on Tuesday.

The index opened 0.5 of-a-point higher at 1,540.39 on Wednesday morning and hit a low of 1,536.45 later before rebounding towards the close.

On the broader market, gainers led losers 462 to 393, while 449 counters were unchanged, 1,007 untraded, and 37 others suspended.

Turnover increased to 2.41 billion units valued at RM1.83 billion from Tuesday’s 2.16 billion units valued at RM1.65 billion.

Bank Islam Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the key index put on modest gains during the afternoon session after enduring a slight decline in the morning.

“A total [of] 449 counters ended up higher today versus 393 decliners, suggesting that the market is well supported. The current resistance level is located at 1,564.8 points and given that window dressing is typically associated [with] the year’s end, the benchmark index could settle higher around that level,” he told Bernama.

He added that in the absence of key economic data, the market condition can be quite fluid and positive news over Omicron could be a key catalyst to lift the benchmark index higher this week.

Among the heavyweights, Malayan Banking Bhd perked up three sen to RM8.33, Public Bank Bhd, Petronas Chemicals Group Bhd, CIMB Group Holdings Bhd, and Tenaga Nasional Bhd added one sen each to RM4.19, RM8.89, RM5.43 and RM9.36, respectively, while IHH Healthcare Bhd lost one sen to RM6.75.

Of the actives, XOX Bhd and AT Systematization Bhd were both flat at three sen and 3.5 sen, respectively, SMTrack Bhd added one sen to 15.5 sen, Swift Haulage Bhd rose five sen to RM1, and ATA IMS Bhd was two sen better at 63.5 sen. 

On the index board, the FBM Emas Index was 31.49 points higher at 11,195.21, the FBMT 100 Index climbed 31.64 points to 10,895.94, and the FBM Emas Shariah Index increased 41.93 points to 12,054.23.

The FBM 70 rose 21.07 points to 14,225.08 while the FBM ACE put on 39.48 points to 6,362.97.

Sector-wise, the Financial Services Index rose 48.56 points to 15,621.06, the Industrial Products and Services Index edged up 1.05 points to 202.08, but the Plantation Index erased 32.67 points to 6,544.78. 

The Main Market volume expanded to 1.39 billion shares valued at RM1.6 billion versus Tuesday's 1.26 billion shares valued at RM1.43 billion.

Warrants turnover increased to 168.21 million units worth RM22.1 million compared with 163.11 million units worth RM25.54 million on Tuesday.

The ACE Market volume jumped to 840.37 million shares valued at RM211.51 million from 733.75 million shares valued at RM195.11 million previously.

Consumer products and services counters accounted for 213.13 million shares traded on the Main Market, industrial products and services (461.65 million), construction (53.99 million), technology (172.34 million), SPAC (nil), financial services (46.66 million), property (109.64 million), plantation (10.66 million), REITs (11.2 million), closed/fund (20,000), energy (88.04 million), healthcare (72.71 million), telecommunications and media (23.94 million), transportation and logistics (110.23 million), and utilities (19.93 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends higher tracking regional peers, Wall Street

 

KUALA LUMPUR (Dec 28): Bursa Malaysia gained 0.39% at the close on Tuesday (Dec 28) in tandem with regional markets and overnight Wall Street performance.

As at 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.98 points to end at 1,539.89 compared with 1,533.91 recorded at Monday's close.

The index opened 2.07 points higher at 1,535.98 and moved between 1,535.86 and 1,542.2 throughout the day.

On the broader market, gainers outpaced losers 591 to 304, while 431 counters were unchanged, 984 untraded, and 14 others suspended.

Turnover slipped to 2.16 billion units valued at RM1.65 billion from Monday’s 2.21 billion units valued at RM1.36 billion.

Bank Islam Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said risk-taking mode has prevailed, as demonstrated by the bullish performance of key equity indices.

“Perhaps, the FBM KLCI could end the week on a better footing,” he told Bernama.

He also highlighted that from the technical point of view, the market bellwether had surpassed the immediate resistance level of 1,533.82 points, and has now established a new resistance level located at around 1,564.8 points.

Meanwhile, Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the key index closed higher, supported by foreign buying as well as buying in glove, plantation and gaming stocks.

“We believe buying interest will remain in blue chips, hence the index [is expected] to hover within the 1,530-1,550 range for the remainder of the week. Technically, the immediate resistance is unchanged at 1,550 and support at 1,510,” he said.

Regionally, Singapore’s Straits Times Index rose 0.78% to 3,128.41, Japan's Nikkei 225 jumped 1.37% to 29,069.16, Hong Kong’s Hang Seng Index gained 0.24% to 23,280.56, and South Korea’s Kospi climbed 0.69% to 3,020.24.

Among the heavyweights, Malayan Banking Bhd was flat at RM8.30, Public Bank Bhd, Petronas Chemicals Group Bhd and CIMB Group Holdings Bhd added three sen each to RM4.18, RM8.88 and RM5.42, respectively, while IHH Healthcare Bhd jumped 10 sen to RM6.76. 

Of the actives, SMTrack Bhd perked up half-a-sen to 14.5 sen, XOX Bhd and AT Systematization Bhd were both flat at three sen and 3.5 sen, respectively, while ATA IMS Bhd lost four sen at 61.5 sen.

Meanwhile, Careplus Group Bhd will be transferred to the Main Board of Bursa Malaysia from the ACE Market, effective Dec 31, 2021.

On the index board, the FBM Emas Index was 61.81 points higher at 11,163.72, the FBMT 100 Index climbed 55.09 points to 10,864.3, and the FBM Emas Shariah Index increased 70.64 points to 12,012.3.

The FBM 70 surged 127.83 points to 14,204.01 while the FBM ACE put on 45.56 points to 6,323.49.

Sector-wise, the Financial Services Index perked up 57.43 points to 15,572.49, the Industrial Products and Services Index edged up 1.72 points to 201.03, and the Plantation Index added 30.27 points to 6,577.45. 

The Main Market volume expanded to 1.26 billion shares valued at RM1.43 billion versus Monday's 1.23 billion shares valued at RM1.16 billion.

Warrants turnover increased to 163.11 million units worth RM25.54 million compared with 145.92 million units worth RM9.48 million on Monday.

The ACE Market volume fell to 733.75 million shares valued at RM195.11 million from 825.87 million shares valued at RM187.64 million previously.

Consumer products and services counters accounted for 195.36 million shares traded on the Main Market, industrial products and services (543.18 million), construction (39.35 million), technology (167.63 million), SPAC (nil), financial services (37.35 million), property (57.4 million), plantation (8.6 million), REITs (4.88 million), closed/fund (3,000), energy (93.42 million), healthcare (51.58 million), telecommunications and media (22.44 million), transportation and logistics (22.56 million), and utilities (13.93 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends higher on bargain hunting, window dressing

 

KUALA LUMPUR (Dec 27): Bargain-hunting and window-dressing activities particularly in glove and banking stocks lifted Bursa Malaysia to end higher on Monday (Dec 27), with the benchmark index gaining 1.15%.

As at 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) surged 17.46 points to end at 1,533.91 compared with 1,516.45 at Friday’s close.

The index opened 0.92 of-a-point higher at 1,517.37 and moved between 1,515.1 and 1,535.93 throughout the day.

On the broader market, gainers outpaced losers 486 to 335, while 424 counters were unchanged,1,065 untraded, and 14 others suspended.

Turnover increased to 2.21 billion units valued at RM1.36 billion from Friday’s 1.88 billion units valued at RM911.77 million.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the company reckoned that some bargain-hunting and window-dressing activities would continue given the cheap valuations of the local market as compared to regional peers.

“On the other hand, we shall remain cautious given the heightened market volatility across the region as some investors are still cautious as uncertainty over the economic impact of the Omicron coronavirus variant weighed on investor sentiment.

“Other regional markets such as Singapore, Taiwan and the Philippines were positive but gains were capped as China and Japan faced prospects of tighter curbs amid rising Covid-19 cases,” he told Bernama.

Japan's Nikkei 225 slipped 0.37% to 28,676.46, Hong Kong’s Hang Seng Index gained 0.13% to 23,223.76, Singapore’s Straits Times Index shed 0.13% to 3,104.24, and South Korea’s Kospi fell 0.43% to 2,999.55.

Among the banking heavyweights, Malayan Banking Bhd added five sen to RM8.30, Public Bank Bhd and CIMB Group Holdings Bhd rose three sen each to RM4.15 and RM5.39, respectively, and Hong Leong Bank Bhd was 16 sen higher at RM18.66.

Other heavyweights, Petronas Chemicals Group Bhd advanced eight sen to RM8.85 and IHH Healthcare Bhd was nine sen higher at RM6.66, Tenaga Nasional Bhd added 10 sen to RM9.31, and Press Metal Aluminium Holdings Bhd increased 12 sen to RM5.65.

Of the actives, XOX Bhd and AT Systematization Bhd were both flat at three sen and 3.5 sen respectively, SMTrack Bhd perked up half-a-sen to 14 sen, and ATA IMS Bhd dipped 5.5 sen to 65.5 sen.

For rubber-related stocks, Top Glove Corp Bhd added 17 sen to RM2.36, Kuala Lumpur Kepong Bhd added 20 sen to RM21.62, and Rubberex Corporation (M) Bhd added 1.5 sen to 53 sen.

On the index board, the FBM Emas Index was 106.4 points higher at 11,101.91, the FBMT 100 Index climbed 107.5 points to 10,809.21, and the FBM Emas Shariah Index increased 138.98 points to 11,941.66.

The FBM 70 rose 72.77 points to 14,076.18 while the FBM ACE gained 37.81 points to 6,277.93.

Sector-wise, the Financial Services Index perked up 92.43 points to 15,515.06, the Industrial Products and Services Index rose 1.77 points to 199.31, and the Plantation Index shed 58.67 points to 6,547.18. 

The Main Market volume expanded to 1.23 billion shares valued at RM1.16 billion versus last Friday’s 981.6 million shares valued at RM757.87 million.

Warrants turnover increased to 145.92 million units worth RM9.48 million compared with 101.41 million units worth RM16.12 million last Friday.

The ACE Market volume improved to 825.87 million shares valued at RM187.64 million from 800.9 million shares valued at RM137.45 million previously.

Consumer products and services counters accounted for 216.67 million shares traded on the Main Market, industrial products and services (444.84 million), construction (55.88 million), technology (138.37 million), SPAC (nil), financial services (33.61 million), property (78.8 million), plantation (6.63 million), REITs (3.92 million), closed/fund (2,000), energy (96.48 million), healthcare (90.8 million), telecommunications and media (21.73 million), transportation and logistics (37.06 million), and utilities (9.12 million).

 

Source: The Edge

Market Daily Report: Continued buying support pushes Bursa Malaysia to close at intra-day high

 

KUALA LUMPUR (Dec 23): Continued buying support in selected heavyweights led by Press Metal Aluminium Holdings Bhd and Sime Darby Plantation Bhd pushed Bursa Malaysia to end at an intra-day high, in line with positive performance in regional markets, dealers said.

The two counters contributed a combined 7.62 points to the increase in the barometer index, dealers said.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 16.1 points or 1.07% to end at 1,516.42 compared with 1,500.32 at Wednesday’s close.

The index opened 0.51 of-a-point weaker at 1,499.81, the lowest level for the day.

On the broader market, gainers thumped losers 448 to 353, while 424 counters were unchanged, 1,077 untraded, and 16 others suspended.

Turnover declined to 1.99 billion units valued at RM1.38 billion from Wednesday’s 3.12 billion units worth RM1.6 billion.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said Malaysian equities continued to trend higher on bargain-hunting, as well as window-dressing activities.

“Key regional markets also ended higher as investors shrugged off fear of Omicron spread, while overnight rally on the US market gave more assurance in overall sentiment,” he told Bernama on Thursday.

Back home, he said the FBM KLCI broke its resistance of 1,515 and was expected to test the 1,530 level, given improved sentiment both locally and regionally.

“Despite the heightened market volatility, we expect some bargain-hunting activities to continue, given the cheap valuations of the local market compared to regional peers, and the benchmark index to trade within [a] range of between 1,515 and 1,525 towards the weekend.

“On technical point of view, we shall see immediate support at 1,500 while resistance at 1,530,” he added.

Japan's Nikkei 225 rose 0.83% to 28,798.37, Hong Kong’s Hang Seng Index gained 0.4% to 23,193.64, Singapore’s Straits Times Index advanced 0.17% to 3,092.63, and South Korea’s Kospi added 0.46% to 2,998.17.

Among the heavyweights, Malayan Banking Bhd rose three sen to RM8.25, Public Bank Bhd improved four sen to RM4.14, while Petronas Chemicals Group Bhd and CIMB Group Holdings Bhd slipped two sen each to RM8.75 and RM5.36, respectively, and IHH Healthcare Bhd was flat at RM6.55.

Of the actives, AT Syatematization Bhd and Nexgram Holdings Bhd were flat at 3.5 sen and 1.5 sen, respectively, ATA IMS Bhd earned half-a-sen to 72 sen, while Saudee Group Bhd eased half-a-sen to 5.5 sen.

On the index board, the FBM Emas Index was 98.78 points higher at 10,983.93, the FBMT 100 Index jumped 102.29 points to 10,696.26, and the FBM Emas Shariah Index increased 128.66 points to 11,787.04.

The FBM 70 rose 84.48 points to 13,973.77 while the FBM ACE fell 19.91 points to 6,198.25.

Sector-wise, the Financial Services Index gained 53.87 points to 15,420.36, the Industrial Products and Services Index earned 3.43 points to 197.84, and the Plantation Index chalked up 136.89 points to 6,522.24. 

The Main Market volume shed to 1.11 billion shares valued at RM1.19 billion versus Wednesday’s 1.97 billion shares valued at RM1.4 billion.

Warrants turnover decreased to 186.06 million units worth RM22.81 million compared with 208.36 million units worth RM28.12 million on Wednesday.

The ACE Market volume declined to 693.31 million shares valued at RM167.3 million from 939.87 million shares valued at RM166.53 million previously.

Consumer products and services counters accounted for 211.4 million shares traded on the Main Market, industrial products and services (414.39 million), construction (31.61 million), technology (134.33 million), SPAC (nil), financial services (39.59 million), property (108.57 million), plantation (10.18 million), REITs (4.46 million), closed/fund (nil), energy (46.68 million), healthcare (46.72 million), telecommunications and media (15.55 million), transportation and logistics (31.34 million), and utilities (15.83 million).

 

 

Source: The Edge

Market Daily Report: Bursa Malaysia closes higher

 

KUALA LUMPUR (Dec 22): Bursa Malaysia ended higher on Wednesday (Dec 22) on buying support in selected heavyweights led by Malayan Banking Bhd (Maybank) and Top Glove Corp Bhd, in line with positive performance in regional markets, on favourable outlook of the global economic recovery.

The two counters contributed a combined 2.92 points to the rise in the barometer index, dealers said.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 7.73 points or 0.52% to end at 1,500.32 compared with 1,492.59 at Tuesday’s close.

The index opened 0.15 of-a-point higher at 1,492.74 and fluctuated between 1,492.74 and 1,502.19 throughout the day.

On the broader market, gainers thumped losers 450 to 347, while 445 counters were unchanged, 1,058 untraded, and 15 others suspended.

Turnover rose to 3.12 billion units valued at RM1.6 billion from Tuesday’s 2.45 billion units worth RM1.67 billion.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said Malaysian equities ended higher due to bargain-hunting in selected heavyweights such as glove, banks and gaming counters.

“Key regional indices also trended higher following overnight gains on Wall Street. Nonetheless, investors remain cautious, assessing the risk and impact of the Omicron virus strain.

“As for the local bourse, we reckon investor sentiment to remain jittery, hence, we expect the FBM KLCI to trend in range bound and hovering within the 1,490-1,505 range for the remaining of the week.

“Based on technical analysis, we shall see immediate resistance at 1,515 while support at 1,475,” he told Bernama on Wednesday.

Japan's Nikkei 225 rose 0.16% to 28,562.21, Hong Kong’s Hang Seng Index gained 0.57% to 23,102.33, Singapore’s Straits Times Index slipped 0.12% to 3,081.31, and South Korea’s Kospi added 0.32% to 2,984.48.

Among the heavyweights, Maybank rose eight sen to RM8.22, Public Bank Bhd and IHH Healthcare Bhd gained two sen each to RM4.10 and RM6.55, CIMB Group Holdings Bhd advanced five sen to RM5.38, while Petronas Chemicals Group Bhd declined two sen to RM8.77.

Of the actives, ATA IMS Bhd added 2.5 sen to 71.5 sen, while Fintec Global Bhd, Pasukhas Group Bhd and DGB Asia Bhd were flat at one sen, two sen and three sen, respectively.

On the index board, the FBM Emas Index was 49.53 points higher at 10,884.95, the FBMT 100 Index improved 50.49 points to 10,593.97, and the FBM Emas Shariah Index increased 44.94 points to 11,658.38.

The FBM 70 rose 48.43 points to 13,889.29 and the FBM ACE gained 45.41 points to 6,218.16.

Sector-wise, the Financial Services Index gained 78.43 points to 15,366.49, the Industrial Products and Services Index earned 0.15 of-a-point to 194.41, and the Plantation Index perked up 10.62 points to 6,385.35. 

The Main Market volume rose to 1.97 billion shares valued at RM1.40 billion versus Tuesday’s 1.53 billion shares valued at RM1.45 billion.

Warrants turnover increased to 208.36 million units worth RM28.12 million compared with 157.22 million units worth RM26.3 million on Tuesday.

The ACE Market volume jumped to 939.87 million shares valued at RM166.53 million from 762.83 million shares valued at RM189.78 million previously.

Consumer products and services counters accounted for 223.76 million shares traded on the Main Market, industrial products and services (1.14 billion), construction (26.81 million), technology (131.14 million), SPAC (nil), financial services (46.09 million), property (149.34 million), plantation (5.87 million), REITs (5.97 million), closed/fund (nil), energy (91.53 million), healthcare (57.9 million), telecommunications and media (22.45 million), transportation and logistics (46.82 million), and utilities (20.6 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia closes marginally lower

 

KUALA LUMPUR (Dec 21): Bursa Malaysia ended slightly lower on Tuesday (Dec 21) on continued selling in selected heavyweights led by Top Glove Corp Bhd and Press Metal Aluminium Holdings Bhd, despite the upbeat performance in regional markets.

The two counters contributed a combined 1.44 points to the decline in the barometer index, dealers said.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) shed 1.31 points or 0.09% to end at 1,492.59 compared with 1,493.9 at Monday’s close. 

The index opened 1.1 points weaker at 1,492.8 and fluctuated between 1,490.01 and 1,496.24 throughout the day.

On the broader market, losers thumped gainers 450 to 354, while 432 counters were unchanged, 1,064 untraded, and 16 others suspended.

Turnover eased to 2.45 billion units valued at RM1.67 billion from Monday’s 2.47 billion units worth RM1.73 billion.

A dealer said that regionally, most Asian bourses were higher due to bargain hunting following the recent market weakness.

However, he said investors remained concerned over the pace of economic recovery from the pandemic amid fears of fresh disruptions across supply chains globally following tighter restrictions in Europe.

Japan's Nikkei 225 rose 2.08% to 28,517.59, Hong Kong’s Hang Seng Index gained 1% to 22,971.33, Singapore’s Straits Times Index climbed 0.4% to 3,085.18, and South Korea’s Kospi added 0.41% to 2,975.03.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said that on the home front, the FBM KLCI remained in negative territory as selling pressure continued amid fears of Omicron variant while investors were wary of heavy losses incurred by businesses due to the recent flooding.

“Key regional markets trended mostly higher as China/Hong Kong markets cheered Beijing's move to help troubled property firms. As for Japanese stock market, investors are looking to pick up stocks at a bargain following the recent weakness.

“On the domestic front, investors remain cautious due to lack of buying interest amid the heightened market volatility across the region. We believe the benchmark index will remain in consolidation mode although bargain hunting and window dressing activities may emerge as well,” he told Bernama on Tuesday.

As such, he said the FBM KLCI is expected to remain range-bound at around the 1,485-1,500 range for the remaining of the week, with immediate resistance at 1,500 and support at 1,475.

Among the heavyweights, Malayan Banking Bhd rose three sen to RM8.14, Public Bank Bhd and Petronas Chemicals Group Bhd improved one sen each to RM4.08 and RM8.79, respectively, CIMB Group Holdings Bhd increased four sen to RM5.33, while IHH Healthcare Bhd was flat at RM6.53.

Of the actives, Main Market debutant Swift Haulage Bhd declined seven sen to 96 sen, while Lambo Group Bhd, DGB Asia Bhd and Saudee Group Bhd were all flat at 4.5 sen, three sen and six sen, respectively.

On the index board, the FBM Emas Index was 4.61 points lower at 10,835.42, the FBMT 100 Index fell 3.87 points to 10,543.48, and the FBM Emas Shariah Index decreased 25.69 points to 11,613.44.

The FBM 70 rose 18.4 points to 13,840.86 but the FBM ACE erased 34.15 points to 6,172.75.

Sector-wise, the Financial Services Index gained 44.02 points to 15,288.06, the Industrial Products and Services Index trimmed 0.27 of-a-point to 194.26, and the Plantation Index perked up 22.43 points to 6,374.73. 

The Main Market volume rose to 1.53 billion shares valued at RM1.45 billion versus Monday’s 1.43 billion shares valued at RM1.48 billion.   

Warrants turnover decreased to 157.22 million units worth RM263.02 million against 225.17 million units worth RM30.94 million on Monday.

The ACE Market volume shrank to 762.83 million shares valued at RM189.78 million from 814.31 million shares valued at RM209.94 million previously.

Consumer products and services counters accounted for 281.84 million shares traded on the Main Market, industrial products and services (441.86 million), construction (38.69 million), technology (179.73 million), SPAC (nil), financial services (49.91 million), property (95.22 million), plantation (11 million), REITs (5.06 million), closed/fund (356,000), energy (113.18 million), healthcare (61.39 million), telecommunications and media (55.78 million), transportation and logistics (177.93 million), and utilities (18.74 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia closes lower

 

KUALA LUMPUR (Dec 20): Bursa Malaysia ended lower on Monday (Dec 20) in line with the weaker regional market sentiment, driven by continued selling in selected heavyweights led by Press Metal Aluminium Holdings Bhd and Tenaga Nasional Bhd (TNB).

The two counters contributed a combined 4.25 points to the barometer index, dealers said.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) declined 8.11 points or 0.54% to end at 1.493.9 compared with 1,502.01 at Friday’s close. 

The index opened 4.44 points weaker at 1,497.57 and fluctuated between 1,490.77 and 1,502.61 throughout the day.

On the broader market, losers thumped gainers 682 to 244, while 369 counters were unchanged, 1,009 untraded, and 21 others suspended.

Turnover declined to 2.47 billion units valued at RM1.73 billion from Friday’s 2.81 billion units worth RM2.74 billion.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said Malaysian equities ended lower as fears over the spread of the Omicron variant caused European countries to impose stricter movement controls and triggered selling in equities around the world.

“The FBM KLCI was dragged down by banking and oil and gas stocks. Key regional indices also trended lower due to the same reason (Omicron spread). The spread of the Omicron variant has fuelled fears that renewed curbs on business and travel might worsen supply chain disruptions and boost inflation.

“As for the local bourse, we expect sentiment will continue to remain cautious and reckon external uncertainties to be a major setback,” he told Bernama on Monday.

Thong said the local benchmark index was anticipated to hover within a wider range of 1,485 to 1,500 for the remainder of the week.

“From the technical point of view, we will see immediate resistance at 1,500 and support at 1,475,” he added.

Regionally, Japan's Nikkei 225 fell 2.13% to 27,937.81, Hong Kong’s Hang Seng Index slipped 1.93% to 22,744.86, Singapore’s Straits Times Index eased 1.26% to 3,072.14, and South Korea’s Kospi shed 1.81% to 2,963.

Among the heavyweights, Malayan Banking Bhd rose three sen to RM8.11 while Public Bank Bhd and IHH Healthcare Bhd shed one sen each to RM4.07 and RM6.53, respectively, Petronas Chemicals Group Bhd fell two sen to RM8.78, and TNB slipped 21 sen to RM9.30.

Of the actives, DGB Asia Bhd was flat at three sen, while Pasukhas Group Bhd, ATA IMS Bhd and AT Systematization Bhd eased half-a-sen each to two sen, 67.5 sen and four sen, respectively.

On the index board, the FBM Emas Index was 80.29 points lower at 10,840.03, the FBMT 100 Index fell 75.36 points to 10,547.35, and the FBM Emas Shariah Index decreased 105.5 points to 11,639.13.

The FBM 70 dropped 177.39 points to 13,822.46 and the FBM ACE erased 70.92 points to 6,206.9.

Sector-wise, the Financial Services Index dipped 39.04 points to 15,244.04, the Industrial Products and Services Index trimmed 2.27 points to 194.53, and the Plantation Index lost 77.67 points to 6,429.97. 

The Main Market volume shrank to 1.43 billion shares valued at RM1.48 billion versus Friday’s 1.91 billion shares valued at RM2.51 billion.   

Warrants turnover increased to 225.17 million units worth RM30.94 million against 194.05 million units worth RM26.73 million on Friday.

The ACE Market volume expanded to 814.31 million shares valued at RM209.94 million from 704.9 million shares valued at RM201.6 million previously.

Consumer products and services counters accounted for 223.48 million shares traded on the Main Market, industrial products and services (456.03 million), construction (45.46 million), technology (190.94 million), SPAC (nil), financial services (47.45 million), property (175.02 million), plantation (9.93 million), REITs (8.15 million), closed/fund (89,000), energy (68.72 million), healthcare (117.36 million), telecommunications and media (27.26 million), transportation and logistics (36.36 million), and utilities (26.71 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia bucks regional trend to end at intraday high

 

KUALA LUMPUR (Dec 17): Bursa Malaysia bucked the regional trend to end higher for three straight days on bargain hunting in selected heavyweights led by Tenaga Nasional Bhd and Top Glove Corp Bhd.

The two counters contributed a combined 4.45 points to the barometer index, dealers said.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 17.37 points or 1.17% to end at its intraday high of 1,502.01 compared with 1,484.64 at Thursday’s close.

The index opened 0.79 of-a-point better at 1,485.43 and subsequently hit a low of 1,482.39.

However, on the broader market, losers led gainers 434 to 425, while 427 counters were unchanged, 1,040 untraded, and 43 others suspended.

Turnover declined to 2.81 billion units valued at RM2.74 billion from Thursday’s 2.83 billion units valued at RM2.35 billion.

A dealer said Bursa Malaysia saw volatile trading in early session with the FBM KLCI opening marginally higher but retreated thereafter before turning into positive territory again at mid-morning to end the session higher.

“The local market was in range-bound trading for most of the day but last-minute buying in heavyweights lifted the barometer index 1.17% higher.

“The local bourse also bucked the regional trend which was mostly lower, following the overnight weakness in US equities, which ended in the red again, led by selloffs in technology stocks and consumer discretionary,” he shared.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng told Bernama the key regional markets ended mostly in negative territory after several countries imposed stricter measures on movements to curb the spread of the Omicron variant.

“Sentiment on Asian bourses remained cautious as investors digest the outcome of major central bank decisions, in tackling the spike in global inflation as well as lingering concerns over the Omicron variant,” he added.

Regionally, Japan's Nikkei 225 fell 1.79% to 28,545.68, Hong Kong’s Hang Seng Index slipped 1.2% to 23,192.63, Singapore’s Straits Times Index eased 0.28% to 3,119.97, while South Korea’s Kospi improved 0.38% to 3,017.73.

Among heavyweights, Public Bank Bhd added five sen to RM4.08, Petronas Chemicals Group Bhd rose 12 sen to RM8.80, Tenaga surged 27 sen to RM9.51, IHH Healthcare Bhd perked up four sen to 6.54, CIMB Group Holdings Bhd advanced nine sen to RM5.32 but Malayan Banking Bhd slipped three sen to RM8.08.

Of the actives, Sapura Energy Bhd eased half-a-sen to 4.5 sen while ATA IMS Bhd, Permaju Industries Bhd, Saudee Group Bhd and Lambo Group Bhd were all flat at 68 sen, four sen, six sen, and 4.5 sen, respectively.

On the index board, the FBM Emas Index was 90.65 points higher at 10,920.32, the FBMT 100 Index expanded 99.88 points to 10,622.71, and the FBM Emas Shariah Index increased 107.87 points to 11,744.63.

The FBM 70 improved 39.79 points to 13,999.85 but the FBM ACE eased 0.29 of-a-point to 6,277.82.

Sector-wise, the Financial Services Index put on 61.49 points to 15,283.08, the Industrial Products and Services Index improved 2.07 points to 196.8, and the Plantation Index rose 70.81 points to 6,429.97.

The Main Market volume narrowed to 1.91 billion shares valued at RM2.51 billion versus Thursday’s 2.0 billion shares valued at RM2.16 billion.   

Warrants turnover decreased to 194.05 million units worth RM26.73 million against 248.97 million units worth RM35.14 million on Thursday.

The ACE Market volume swelled to 704.9 million shares valued at RM201.6 million from 580.95 million shares valued at RM160.68 million previously.

Consumer products and services counters accounted for 439.82 million shares traded on the Main Market, industrial products and services (559.37 million), construction (54.5 million), technology (200.37 million), SPAC (nil), financial services (108.06 million), property (71.91 million), plantation (29.74 million), REITs (12.22 million), closed/fund (177,600), energy (190.12 million), healthcare (146.94 million), telecommunications and media (36.04 million), transportation and logistics (24.07 million), and utilities (33.93 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends marginally higher on improved risk appetite

 

KUALA LUMPUR (Dec 16): Bursa Malaysia extended Wednesday's gains to end slightly higher on Thursday on improved risk appetite, taking cue from the Wall Street performance overnight, dealers said.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.83 points to 1,484.64 from 1,482.81 at Wednesday’s close.

The index, which opened 2.65 points better at 1,485.46, moved between 1,483.79 and 1,491.69 throughout the trading session.

On the broader market, gainers thumped losers 504 to 361, while 424 counters were unchanged, 1,026 untraded, and 37 others suspended.

Turnover improved to 2.83 billion units valued at RM2.35 billion from Wednesday’s 2.82 billion units valued at RM1.74 billion.

A dealer said the local bourse opened higher and stayed in positive territory throughout the trading session with the benchmark index ending 0.12% better, lifted mainly by banking stocks.

“The performance was in line with regional peers, which tracked the higher Wall Street performance, amid risk-on mode in reaction to the Federal Reserve’s (Fed) hawkish statement.

“The Fed announced it would end bond-buying stimulus in March to set up guidance for three interest rate hikes each in 2022 and 2023 to tackle heated inflation. This spurred a risk rally,” he added.

Regionally, Japan's Nikkei 225 rose 2.13% to 29,066.32 and Singapore’s Straits Times Index increased 0.61% to 3,133.9, South Korea’s Kospi added 0.57% to 3,006.41, and Hong Kong’s Hang Seng Index improved 0.23% to 23,475.5.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said despite the improvement in regional market sentiment, the company reckoned that market volatility would heighten going forward, thus the regional markets are expected to encounter wilder swings.

“Taking cognisance of this, we prefer to stay cautious. We believe the local market will see more headwinds and that the FBM KLCI will experience more resistance.

“Hence, we anticipate the local bourse to remain subdued with the index hovering within the 1,480 to 1,490 range towards the weekend,” he told Bernama.

Among heavyweights, Malayan Banking Bhd improved one sen to RM8.11, Public Bank Bhd and IHH Healthcare Bhd perked up two sen each to RM4.03 and RM6.50, respectively, Petronas Chemicals Group Bhd rose seven sen to RM8.68, while Tenaga Nasional Bhd erased five sen to RM9.24.

Of the actives, ATA IMS Bhd shed 1.5 sen to 68 sen, ACE Market debutant Aurelius Technologies Bhd advanced 34 sen to end at RM1.70, while Pasukhas Group Bhd, Saudee Group Bhd and Impiana Hotels Bhd were flat at 2.5 sen, six sen and 8.5 sen respectively.

Meanwhile, Bursa Malaysia, in a statement on Wednesday, announced the change in the name of Macpie Bhd, with a short stock name of Macpie, to XOX Networks Bhd, with a short stock name of XOXNet, effective 9am on Friday, Dec 17.

On the index board, the FBM Emas Index was 14.23 points higher at 10,829.67, the FBMT 100 Index gained 13.66 points to 10,522.83, the FBM 70 rose 20.76 points to 13,960.06, and the FBM ACE advanced 79.98 points to 6,278.11.

The FBM Emas Shariah Index eased 3.51 points to 11,636.76.

Sector-wise, the Industrial Products and Services Index edged up 0.81 of-a-point to 194.73, the Financial Services Index surged 114.67 points to 15,221.59, while the Plantation Index lost 27.88 points to 6,359.16.

The Main Market volume widened to 2.0 billion shares valued at RM2.16 billion versus Wednesday’s 1.76 billion shares valued at RM1.53 billion.   

Warrants turnover decreased to 248.97 million units worth RM35.14 million against 263.92 million units worth RM44.33 million on Wednesday.

The ACE Market volume fell to 580.95 million shares valued to RM160.68 million from 794.2 million shares valued at RM165.63 million previously.

Consumer products and services counters accounted for 324.47 million shares traded on the Main Market, industrial products and services (964.67 million), construction (51.33 million), technology (218.8 million), SPAC (nil), financial services (65.18 million), property (78.45 million), plantation (17.96 million), REITs (6.97 million), closed/fund (372,700), energy (99.64 million), healthcare (84.57 million), telecommunications and media (30.06 million), transportation and logistics (26.55 million), and utilities (28.02 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends slightly higher in cautious trading

 

KUALA LUMPUR (Dec 15): Bursa Malaysia ended slightly higher on Wednesday (Dec 15) on bargain hunting in selected heavyweights amid cautious trading, dealers said.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.89 points to 1,482.81 from 1,480.92 at Tuesday’s close.

The index, which opened 1.2 points better at 1,482.12, moved between 1,475.37 and 1,484.63 throughout the trading session.

On the broader market, losers led gainers 442 to 418, while 424 counters were unchanged, 1,033 untraded, and 20 others suspended.

Turnover increased to 2.82 billion units valued at RM1.74 billion from Tuesday’s 2.68 billion units valued at RM1.78 billion.

A dealer said the local bourse opened higher on bargain hunting after experiencing heavy sell-off on Tuesday, but turned easier from mid-morning until the end of the morning session as selling in heavyweights emerged, led by telecommunication stocks, which weighed on the barometer index.

“In the afternoon session, the market saw buying intersperse with selling in selected heavyweights, keeping the market in range-bound trading before ending on a positive note,” he noted.

Asian markets were mixed on Wednesday amid cautious sentiment as investors considered the impact of the Omicron variant on global economic recovery, while awaiting the US Federal Reserve's (Fed) announcement on interest rates for market direction. The US central bank is holding its meeting on Dec 14-15.

“The Fed is highly anticipated by investors to accelerate its timetable for reducing bond purchases and start raising interest rates, especially with inflation remaining at an elevated rate," he told Bernama.

Regionally, Japan's Nikkei 225 added 0.1% to 28,459.72, Hong Kong’s Hang Seng Index decreased 0.91% to 23,420.76, South Korea’s Kospi improved 0.05% to 2,989.39, and Singapore’s Straits Times Index shed 0.25% to 3,113.17.

Among the heavyweights, Malayan Banking Bhd and Public Bank Bhd added one sen each to RM8.10 and RM4.01 respectively, Tenaga Nasional Bhd increased six sen to RM9.29, IHH Healthcare Bhd slid two sen to RM6.48, while Petronas Chemicals Group Bhd was flat at RM8.61.

Of the actives, ATA IMS Bhd rose 14.5 sen to 69.5 sen, Pasukhas Group Bhd shed one sen to 2.5 sen, Kanger International Bhd eased half-a-sen to two sen, while BCM Alliance Bhd and Permaju Industries Bhd were flat at 2.5 sen and four sen, respectively.

On the index board, the FBM Emas Index was 22.25 points higher at 10,815.44, the FBMT 100 Index advanced 22.32 points to 10,509.17, and the FBM Emas Shariah Index bagged 24.24 points to 11,640.27.

The FBM 70 rose 65.1 points to 13,939.3 and the FBM ACE gained 12.63 points to 6,198.13.

Sector-wise, the Industrial Products and Services Index edged up 0.59 of-a-point to 193.92 and the Financial Services Index perked up 28.28 points to 15,106.92, but the Plantation Index lost 43.46 points to 6,387.04.

The Main Market volume widened to 1.76 billion shares valued at RM1.53 billion versus Tuesday’s 1.67 billion shares valued at RM1.59 billion.   

Warrants turnover expanded to 263.92 million units worth RM44.33 million against 219.22 million units worth RM32.98 million on Tuesday.

The ACE Market volume rose to 794.2 million shares valued to RM165.63 million from 777.32 million shares valued at RM157.04 million previously.

Consumer products and services counters accounted for 418.51 million shares traded on the Main Market, industrial products and services (698.32 million), construction (40 million), technology (170.46 million), SPAC (nil), financial services (51.05 million), property (64.41 million), plantation (20.42 million), REITs (8.28 million), closed/fund (271,800), energy (110.21 million), healthcare (93.75 million), telecommunications and media (30.72 million), transportation and logistics (24.85 million), and utilities (25.07 million).

 

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends in the red amid heavy selling pressure

 

KUALA LUMPUR (Dec 14): Bursa Malaysia ended in the red on Tuesday (Dec 14), succumbing to heavy selling pressure across the board.

The performance was in line with regional peers, as Asian markets took a cue from the weaker overnight performance on Wall Street amid renewed concerns over the spread of the Omicron Covid-19 variant, dealers said.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 13.94 points to 1,480.92 from 1,494.86 at Monday’s close.

The index opened 1.97 points easier at 1,492.89 — its highest level of the day — and fell as low as 1,479.92 in Tuesday's trading.

On the broader market, losers thumped gainers 609 to 279, while 404 counters were unchanged, 1,012 untraded and 20 others suspended.

Turnover increased to 2.68 billion units valued at RM1.78 billion from Monday’s 2.63 billion units valued at RM1.85 billion.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the local bourse opened lower on profit taking after Monday’s rebound and trended lower due to heavy selling pressure.

“Key regional bourses were also in the red as investors were staying cautious amid concerns over the Omicron variant while looking ahead to the Federal Reserve's monetary policy on Wednesday.

“We reckon regional volatility will play a huge part on the performance of the local market,” he told Bernama.

He noted that the FBM KLCI was not expected to see any major movement for the rest of the week, hovering in the 1,480 to 1,500 range given the heightened volatility.

From a technical point of view, the immediate support was at 1,475 and resistance at 1,500, he added.

Regionally, Japan's Nikkei 225 fell 0.73% to 28,432.64, Hong Kong’s Hang Seng Index decreased 1.33% to 23,635.95, and South Korea’s Kospi shed 0.46% to 2,987.95, but Singapore’s Straits Times Index improved 0.08% to 3,122.59.

Among the heavyweights, Malayan Banking Bhd fell nine sen to RM8.09, IHH Healthcare Bhd shed six sen to RM6.50, CIMB Group Holdings Bhd slipped 10 sen to RM5.14, and Tenaga Nasional Bhd eased five sen to RM9.23.

Petronas Chemicals Group Bhd added six sen to RM8.61 while Public Bank Bhd was flat at RM4.

Of the actives, AT Systematization Bhd eased half-a-sen to four sen, Permaju Industries Bhd trimmed one sen to four sen, Dataprep Holdings Bhd improved one sen to RM1.05, Kanger International Bhd edged up half-a-sen to 2.5 sen, and BCM Alliance Bhd was flat at 2.5 sen.

On the index board, the FBM Emas Index was 96.1 points lower at 10,793.19, the FBMT 100 Index fell 97.79 points to 10,486.85, and the FBM Emas Shariah Index decreased 109.29 points to 11,616.03.

The FBM 70 dropped 125.72 points to 13,874.2 and the FBM ACE erased 45.58 points to 6,185.5.

Sector-wise, the Industrial Products and Services Index eased 1.37 points to 193.33, the Financial Services Index tumbled 142.89 points to 15,078.64, and the Plantation Index contracted 98.59 points to 6,430.5.

The Main Market volume widened to 1.67 billion shares valued at RM1.59 billion versus Monday’s 1.65 billion shares valued at RM1.62 billion.   

Warrants turnover shrank to 219.22 million units worth RM32.98 million against 270.54 million units worth RM46.49 million.

The ACE Market volume grew to 777.32 million shares valued at RM157.04 million from 705.4 million shares valued at RM182.02 million previously.

Consumer products and services counters accounted for 503.01 million shares traded on the Main Market, industrial products and services (468.14 million), construction (55.25 million), technology (185.93 million), SPAC (nil), financial services (61.23 million), property (68.97 million), plantation (12.23 million), REITs (10.96 million), closed/fund (561,700), energy (124.77 million), healthcare (110.14 million), telecommunications and media (24.74 million), transportation and logistics (24.81 million), and utilities (19.23 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends higher amid Wall Street gains, strong commodity prices

 

KUALA LUMPUR (Dec 13): Bursa Malaysia ended higher on Monday (Dec 13), taking a cue from the better performance on Wall Street last Friday (Dec 10) and strong commodity prices amid receding concerns over the Omicron variant’s impact on global economic growth, dealers said.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.98 points to 1,494.86 compared with 1,488.88 at last Friday’s close.

The index, which opened three points higher at 1,491.88, moved between 1,491.85 and 1,501.88 throughout the day.

On the broader market, gainers outpaced losers 491 to 386, while 439 counters were unchanged, 979 untraded and 21 others suspended.

Turnover increased to 2.63 billion units valued at RM1.85 billion from Friday’s 2.60 billion units valued at RM1.74 billion.

A dealer said the local bourse rebounded from last Friday’s losses to open higher and stayed in positive territory throughout the day, bucking the regional market trend which turned mixed at close.

Persistent buying in heavyweights stocks led by Petronas Chemicals Group Bhd (PetChem), Tenaga Nasional Bhd and financial sector stocks continued to support the barometer index, he said.

“Investors are focusing more on the conclusion of the Federal Open Market Committee (FOMC) meeting this week as well as other central banks for further clues on the monetary policies going forward.

“However, major attention will be given to the FOMC’s reaction to the Omicron variant, as well as the timing of its stimulus tapering and rate hikes, for market direction,” he added.

Regionally, Japan's Nikkei 225 rose 0.71% to 28,640.49, Hong Kong’s Hang Seng Index eased 0.17% to 23,954.58, South Korea’s Kospi slipped 0.28% to 3,001.66, and Singapore’s Straits Times Index shed 0.35% to 3,124.66.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said investors were cautious ahead of monetary policy meetings this week, including of the US Federal Reserve, the Bank of Japan, the Bank of England and the European Central Bank.

“As for the local bourse, we remain cautious despite the bargain hunting today [Dec 13] due to the heightened market volatility and external uncertainties.

“Hence we expect the benchmark index to remain in range-bound trading in the 1,490 to 1,505 range for the remainder of the week with immediate resistance at 1,515 and support at 1,485,” he told Bernama.

Among the heavyweights, PetChem surged 13 sen to RM8.55 and Tenaga jumped 12 sen to RM9.28.

Malayan Banking Bhd and CIMB Group Holdings Bhd gained six sen each to RM8.18 and RM5.24, respectively, and Public Bank Bhd improved one sen to RM4, but IHH Healthcare Bhd eased two sen to RM6.56.

Of the actives, ATA IMS Bhd bagged 2.5 sen to 54 sen, Lambo Group Bhd edged up half-a-sen to five sen, Dataprep holdings Bhd shed five sen to RM1.04, Macpie Bhd eased half-a-sen to four sen, and Kanger International Bhd was flat at two sen.

On the index board, the FBM Emas Index was 29.5 points higher at 10,889.29, the FBMT 100 Index advanced 23.07 points to 10,584.64, the FBM Emas Shariah Index increased 11.07 points to 11,725.32, and the FBM ACE added 2.76 points to 6,231.08.

The FBM 70 fell 46.11 points to 13,999.92.

Sector-wise, the Industrial Products and Services Index improved 1.4 points to 194.7, the Financial Services Index picked up 112.2 points to 15,221.53, and the Plantation Index bagged 62.6 points to 6,529.09.

The Main Market volume widened to 1.65 billion shares valued at RM1.62 billion versus Friday’s 1.48 billion shares valued at RM1.45 billion.   

Warrants turnover increased to 270.54 million units worth RM46.49 million against 236.09 million units worth RM33.01 million.

The volume on the ACE Market reduced to 705.4 million shares valued at RM182.02 million from 823.75 million shares valued at RM261.61 million previously.

Consumer products and services counters accounted for 317.08 million shares traded on the Main Market, industrial products and services (498.34 million), construction (78.27 million), technology (238.73 million), SPAC (nil), financial services (69.53 million), property (104.33 million), plantation (12.46 million), REITs (6.44 million), closed/fund (792,800), energy (138.51 million), healthcare (112.41 million), telecommunications and media (23.52 million), transportation and logistics (35.26 million), and utilities (16.69 million).

 

Source: The Edge

Market Daily Report: Glove makers drag Bursa down to end at intraday low

 

KUALA LUMPUR (Dec 10): A not-so-rosy picture for glove makers' prospects put a dent on the market as Top Glove Corp Bhd and Hartalega Holdings Bhd dragged down Bursa Malaysia to end at its intraday low on Friday (Dec 10).

At 5pm, the FBM KLCI settled 12.91 points lower at 1,488.88, compared with 1,501.79 at Thursday’s close.

The market bellwether opened 0.14 of a point lower at 1,501.65 and hit its highest of 1,505.41 before dropping.

Market breadth remained weak for the whole day with losers trouncing gainers 596 to 277, while 454 counters were unchanged, 978 untraded and 52 others suspended.

Turnover decreased to 2.6 billion units valued at RM1.74 billion from Thursday’s 2.73 billion units valued at RM1.59 billion.

Normalised average selling prices and demand following mass vaccine roll-outs on a global scale put pressure on Top Glove's earnings for the first quarter ended Nov 30, 2021.

Earlier on Friday, the company announced a sharp drop in net profit to RM185.72 million from RM2.36 billion recorded for the same quarter of the previous year. 

Revenue shrank to RM1.58 billion from RM4.76 billion previously.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said market sentiment was further weakened by the spillover effect of the regional selldown.

Key equity indices, namely Nikkei, the Straits Times Index, the Shanghai Composite Index, the Hang Seng Index and KOSPI, were all in the red and in sync with the overnight Wall Street's bearish performance.

Thong said investors were awaiting the US inflation data to be released on Friday, which might influence the US Federal Reserve's decision on when to roll back economic stimulus.

"Additionally, some investors opted to book profit, particularly in oil and gas and technology stocks, amid a weaker oil market and Nasdaq," he told Bernama.

On the home front, Top Glove fell 10.4% or 25 sen to RM2.16 and Hartalega slid 32 sen to RM5.20.

CIMB Group Holdings Bhd and Axiata Group Bhd dipped six sen each to RM5.18 and RM3.78 respectively, while Petronas Gas Bhd and Petronas Chemicals Group Bhd eased four sen each to RM16.46 and RM8.42 respectively.

However, Tenaga Nasional Bhd remained positive, gaining five sen to RM9.16, and MISC Bhd was four sen higher at RM6.56.

Of the actives, Malaysian Genomics Resource Centre Bhd gave up 3.5 sen to 78.5 sen, while Kanger International Bhd, Sapura Energy Bhd and Impiana Hotels Bhd were unchanged at two sen, five sen and nine sen respectively.

On the index board, the FBM Emas Index dipped 92.04 points to 10,859.79, the FBMT 100 Index slipped 93.01 points to 10,561.57 and the FBM Emas Shariah Index declined 127.14 points to 11,714.25.

The FBM 70 fell 129.45 points to 14,046.03 and the FBM ACE slid 53.76 points to 6,228.32.

Sector-wise, the Industrial Products and Services Index shed 1.03 points to 193.30, the Financial Services Index dropped 55.80 points to 15,109.33 and the Plantation Index eased 28.51 points to 6,466.49.

Main Market volume narrowed to 1.48 billion shares valued at RM1.45 billion versus Thursday’s 1.76 billion shares valued at RM1.4 billion.   

Warrant turnover widened to 236.09 million units worth RM33.01 million against 219.15 million units worth RM43.81 million.

ACE Market volume rose to 823.75 million shares valued at RM261.61 million from 624.22 million shares valued at RM144.37 million previously.

Consumer products and services counters accounted for 351.25 million shares traded on the Main Market, followed by industrial products and services (383.58 million), construction (47.46 million), technology (204.55 million), special purpose acquisition companies (nil), financial services (57.01 million), property (79.78 million), plantation (9.53 million), real estate investment trusts (7.13 million), closed/funds (22,400), energy (141.98 million), healthcare (137.41 million), telecommunications and media (24.46 million), transportation and logistics (16.82 million), and utilities (16.37 million).

 

 

Source: The Edge

Market Daily Report: Late buying lifts Bursa to end at intraday high

 

KUALA LUMPUR (Dec 9): Bursa Malaysia eked out small gains at the close after another yo-yo trading session, lifted by late buying of selected heavyweights led by Axiata Group Bhd. 

At 5pm on Thursday (Dec 9), the FBM KLCI settled 7.76 points higher at its intraday high of 1,501.79, compared with 1,494.03 at Wednesday’s close.

The market bellwether opened 0.97 of a point lower at 1,493.06 and subsequently hit a low of 1,491.82.

Despite the gains in the index, less than 20% of stocks on the local bourse were in positive territory.

There were 458 gainers and 401 losers, while 448 counters were unchanged. Some 996 stocks were untraded and 51 others were suspended.

Turnover decreased to 2.73 billion units valued at RM1.59 billion from Wednesday’s 3.74 billion units valued at RM2.05 billion.

An analyst said there was a lack of fundamental factors to drive the domestic stock market.

“Axiata was in the limelight as investors were positive over its future prospects,” he told Bernama.

Meanwhile, Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said investors were also anxiously awaiting the US inflation data that might influence the US Federal Reserve's decision on when it would roll back its stimulus package.

He believes the KLCI may get a boost from cheap valuations on the local market as well as a positive performance across the region.

The Shanghai Composite Index, Hang Seng Index, KOSPI Composite Index and Straits Times Index were all positive on Thursday.

At home, heavyweights Axiata jumped 14 sen to RM3.84, Tenaga Nasional Bhd and Sime Darby Plantation Bhd ticked up nine sen each to RM9.11 and RM3.85 respectively, Petronas Dagangan Bhd was 70 sen higher at RM20.30 and MISC Bhd gained five sen to RM6.52.

IHH Healthcare Bhd and and Dialog Group Bhd rose two sen each to RM6.57 and RM2.47 respectively.

However, CIMB Group Holdings Bhd dropped four sen to RM5.24, Hartalega Holdings Bhd eased seven sen to RM5.52 and Top Glove Corp Bhd lost three sen to RM2.41.

Of the actives, Sapura Energy Bhd, Key Alliance Group Bhd and NWP Holdings Bhd trimmed half a sen each to five sen, 1.5 sen and 27 sen respectively, ATA IMS Bhd improved one sen to 50.5 sen and G3 Global Bhd shed four sen to 11 sen.

On the index board, the FBM Emas Index put on 51.66 points to 10,951.83, the FBMT 100 Index gained 52.73 points to 10,654.58 and the FBM Emas Shariah Index was 77.31 points higher at 11,841.39.

The FBM 70 rose 60.91 points to 14,175.48 but the FBM ACE went down 7.22 points to 6,282.08.

Sector-wise, the Industrial Products and Services Index edged up 0.91 of a point to 194.33, the Financial Services Index slid 1.26 points to 15,165.13 and the Plantation Index improved 64.91 points to 6,495.00.

Main Market volume narrowed to 1.76 billion shares valued at RM1.4 billion versus Wednesday’s 2.02 billion shares valued at RM1.83 billion.   

Warrant turnover dwindled to 219.15 million units worth RM43.81 million against 309.01 million units worth RM50.96 million.

ACE Market volume slipped to 624.22 million shares valued at RM144.37 million from 1.35 billion shares valued at RM173.76 million.

Consumer products and services counters accounted for 361.39 million shares traded on the Main Market, followed by industrial products and services (615.93 million), construction (55.76 million), technology (199.78 million), special purpose acquisition companies (nil), financial services (53.46 million), property (56.16 million), plantation (11.38 million), real estate investment trusts (3.45 million), closed/funds (49,100), energy (276.73 million), healthcare (50.73 million), telecommunications and media (31.49 million), transportation and logistics (32.03 million), and utilities (12.48 million).

 

Source: The Edge

Market Daily Report: Bursa ends mixed, KLCI down 3.94 points

 

KUALA LUMPUR (Dec 8): Bursa Malaysia ended mixed on Wednesday (Dec 8) after swinging between mild gains and losses throughout the day, mainly due to selling of property, healthcare and consumer products and services stocks.

At 5pm, the FBM KLCI closed 3.94 points lower at 1,494.03 from 1,497.97 at Tuesday’s close.

The market bellwether opened 2.60 points better at 1,500.57 and moved between 1,491.88 and 1,501.24 throughout the day.

The overall broader market was positive with advancers leading decliners 486 to 385, while 450 counters were unchanged, 966 untraded and 20 others suspended.

Turnover decreased to 3.74 billion units valued at RM2.05 billion from Tuesday’s 4.29 billion units valued at RM2.25 billion.

Some investors were seen taking profit after Tuesday's steady gains.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said buying enthusiasm waned amid the lack of market moving news domestically.

“The KLCI is likely to hover within the range of 1,490-1,500 for the remainder of the week,” he told Bernama.

On the global front, the oil market was lower but remained steady even as the latest data pointed to the biggest draw in US stockpiles.

The American Petroleum Institute projected that the inventory draw for crude oil to be 3.09 million barrels this week, with investors awaiting the US Energy Information Administration (EIA) estimate to be released soon.

The EIA in its December Short-Term Energy Outlook indicated that Brent crude oil prices are expected to be at an average of U$70 (about RM295.72) per barrel in 2022, with production likely to rise more quickly than demand.

Back home, heavyweights Axiata Group Bhd dropped nine sen to RM3.70, Hap Seng Consolidated Bhd declined five sen to RM7.50, Hartalega Holdings Bhd declined 15 sen to RM5.59 and Nestlé (Malaysia) Bhd dipped RM1.50 to RM132.30.

Top Glove Corp Bhd lost six sen to RM2.44 and PPB Group Bhd was 16 sen weaker at RM17.06.

Meanwhile, Press Metal Aluminium Holdings Bhd and Sime Darby Bhd gained five sen each to RM5.45 and RM2.17 respectively.

Of the actives, ATA IMS Bhd increased 5.5 sen to 49.5 sen, while Fintec Global Bhd and MLabs Systems Bhd eased half a sen to one sen and three sen respectively.

On the index board, the FBM Emas Index eased 8.52 points to 10,900.17, the FBMT 100 Index slid 11.30 points to 10,601.85 and the FBM Emas Shariah Index was 10.75 points lower at 11,764.08.

The FBM 70, however, went up 51.21 points to 14,114.57 and the FBM ACE edged up 23.60 points to 6,289.30.

Sector-wise, the Industrial Products and Services Index perked up 0.05 of a point to 193.42, the Financial Services Index recovered 2.44 points to 15,166.39 and the Plantation Index improved 4.19 points to 6,430.09.

Main Market volume narrowed to 2.02 billion shares valued at RM1.83 billion versus Tuesday’s 2.22 billion shares valued at RM1.98 billion.   

Warrant turnover dwindled to 309.01 million units worth RM50.96 million against 365.83 million units worth RM62.64 million.

ACE Market volume slipped to 1.35 billion shares valued at RM173.76 million from 1.47 billion shares valued at RM204.95 million previously.

Consumer products and services counters accounted for 241.92 million shares traded on the Main Market, followed by industrial products and services (909.97 million), construction (77.65 million), technology (213.42 million), special purpose acquisition companies (nil), financial services (65.88 million), property (121.32 million), plantation (16.62 million), real estate investment trusts (7.60 million), closed/funds (5,000), energy (206.80 million), healthcare (84.47 million), telecommunications and media (28.19 million), transportation and logistics (24.98 million), and utilities (20.84 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia up 1% on window-dressing activities

 

KUALA LUMPUR (Dec 7): Bursa Malaysia turned positive on Tuesday after a broad recovery rally, thanks to window-dressing activities and risk-on mode.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 14.52 points or 0.98% to 1,497.97 from 1,483.45 at Monday’s close.

The market recovered most of the losses recorded on Monday, which saw the index hitting its lowest in 13 months.

The market bellwether opened 1.49 points better at 1,484.94 and reached its intraday low of 1,484.35 earlier.

On the broader market, gainers led decliners 645 to 320, while 404 counters were unchanged, 917 untraded and 20 others suspended.

Turnover increased to 4.29 billion units valued at RM2.25 billion from Monday’s 3.66 billion units valued at RM2.57 billion.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the market was mostly lifted by banking and gaming heavyweights.

Key regional indices including FBM KLCI ended higher on dwindling worries about the economic impact of the Omicron variant.

On Monday, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said Malaysia is on track to achieve economic growth of 3% to 4% this year despite the emergence of the new variant.

Tengku Zafrul said exports had gone up by 25% in the first 10 months of this year compared to last year.

Meanwhile, investors cheered China’s latest economic data, which saw exports beat expectations and its government pledged measures to shore up the economy.

China’s exports increased 22% year-on-year while imports jumped 31.7%.

In addition, the oil market's improvement helped to boost sentiment with Brent crude hovering near US$75 per barrel.

However, Thong said he remains cautious on the market outlook despite the bargain-hunting on Tuesday.

At home, heavyweights Public Bank Bhd and Malayan Banking Bhd gained 11 sen to RM3.99 and RM8.10 respectively.

Axiata Group Bhd was 14 sen stronger at RM3.79, MISC Bhd went up 10 sen to RM6.46 and Petronas Chemicals Group Bhd rose 13 sen to RM8.44.

Top Glove Corp Bhd lost seven sen to RM2.50, while Hartalega Holdings Bhd slid 35 sen to RM5.74.

Of the actives, Kanger International Bhd trimmed one sen to two sen and Sapura Energy Bhd eased three sen to five sen, while Green Ocean Corp Bhd and XOX Bhd were flat at three sen each.

On the index board, the FBM Emas Index advanced 98.75 points to 10,908.69, the FBMT 100 Index bagged 94.22 points to 10,613.15, and the FBM Emas Shariah Index was 63.8 points higher at 11,774.83.

The FBM 70 improved 90.47 points to 14,063.36 and the FBM ACE ticked up 52.68 points to 6,265.7.

Sector-wise, the Industrial Products and Services Index inched up 2.31 points to 193.37, the Financial Services Index climbed 196.24 points to 15,163.95 and the Plantation Index added 31.75 points to 6,425.9.

The Main Market volume expanded to 2.22 billion shares valued at RM1.98 billion versus Monday’s 1.98 billion shares valued at RM2.27 billion.   

Warrants turnover dwindled to 365.83 million units worth RM62.64 million against 371.27 million units worth RM51.85 million.

The volume on the ACE Market rose to 1.47 billion shares valued at RM204.95 million from 1.19 billion shares valued at RM238.94 million previously.

Consumer products and services counters accounted for 312.61 million shares traded on the Main Market, industrial products and services (524.55 million), construction (70.45 million), technology (282.01 million), SPAC (nil), financial services (68.83 million), property (76.42 million), plantation (10.1 million), REITs (6.06 million), closed/fund (10,000), energy (653.53 million), healthcare (134.45 million), telecommunications and media (30.03 million), transportation and logistics (23.46 million), and utilities (24.83 million).

 

Source: The Edge