Market Daily Report: Bursa Malaysia ends firmer on persistent buying interest in blue chips

 

KUALA LUMPUR (Feb 28): Bursa Malaysia ended firmer on Monday (Feb 28) on persistent buying interest in blue chips as investors shrugged off the tensions between Russia and Ukraine, dealers said.

A dealer said investors had started to buy heavyweights following the announcement of positive corporate earnings recently.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 1.04% or 16.56 points to 1,608.28 from 1,591.72 at Friday’s close.

The barometer index, which opened 4.02 points higher at 1,595.74, its intraday low, hit an intraday high of 1,613.49 during the early session.

However, the overall market breadth was negative with losers surpassing gainers 635 to 413, while 368 counters were unchanged, 862 untraded, and 51 others suspended

Total turnover rose marginally to 3.47 billion units worth RM3.97 billion against 3.24 billion units worth RM2.92 billion last Friday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the news that Russia is prepared to send a delegation to Belarusian capital Minsk for talks with Ukraine had also provided a fillip to the positive sentiment.

On the domestic front, he said the FBM KLCI had broken the 1,600 technical resistance again and it might head towards the next resistance at around 1,618-1,620 level.

“We remain cautiously optimistic given the improvement in the local market sentiment and foreign support but investors should stay alert on the increasing market volatility and external uncertainties,” he told Bernama.

As such, he said the FBM KLCI was expected to move range-bound and hover at the 1,600-1,620 level for the week.

“Technically, the immediate resistance is unchanged at 1,618, while support is at 1,570,” he said.

Heavyweights Malayan Banking Bhd fell 12 sen to RM8.76, Telekom Malaysia Bhd shrank 29 sen to RM5.06, Public Bank Bhd increased eight sen to RM4.45, MR DIY Group (M) Bhd dropped six sen to RM3.63, Sime Darby Bhd shed four sen to RM2.27, and Nestle (Malaysia) Bhd slipped RM1.10 to RM134.

As for the actives, ACE Market debutant Siab Holdings Bhd added one sen to 31 sen, SMTrack Bhd gained half-a-sen to 24 sen, Dagang NeXchange Bhd and Bumi Armada Bhd eased two sen each to RM1.13 and 47.5 sen respectively, and Fitters Diversified Bhd declined 7.5 sen to 25.5 sen.

On the index board, the FBM ACE fell 61.06 points to 5,887.78, FBM 70 declined 39.88 points to 13,476.06, FBM Emas Index gained 76.54 points to 11,426.78, FBMT 100 Index increased 82.69 points to 11,105.86, and the FBM Emas Shariah Index expanded 101.12 points to 12,117.59.

Sector-wise, the Financial Services Index put on 40.26 points to 16,524.9, the Industrial Products and Services Index was 2.23 points firmer at 210.88, and the Plantation Index climbed 217.22 points to 8,315.51.

The Main Market volume increased to 2.34 billion shares worth RM3.7 billion from 2.16 billion shares worth RM2.69 billion on Friday.

Warrants turnover rose to 314.05 million units worth RM46.12 million against 269.01 million units worth RM43.75 million on Friday.

The ACE Market volume widened to 822.68 million shares valued at RM219.19 million versus 812.63 million shares valued at RM188.63 million previously.

Consumer products and services counters accounted for 351.48 million shares traded on the Main Market, industrial products and services (487.92 million), construction (86.01 million), technology (277.63 million), SPAC (nil), financial services (162.62 million), property (145.27 million), plantation (298 million), REITs (15.68 million), closed/fund (nil), energy (319.34 million), healthcare (72.35 million), telecommunications and media (56.49 million), transportation and logistics (40.16 million), and utilities (28.08 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends higher on persistent buying interest

 

KUALA LUMPUR (Feb 25): Bursa Malaysia ended the week on a higher note, supported by persistent buying momentum in selected financial services stocks, industrial products and services, as well as technology counters, dealers said.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.13% or 17.83 points to 1,591.72 from 1,573.89 at Thursday’s close.

The key index opened 5.18 points firmer at its intraday low of 1,579.07 and hit an intraday high of 1,600.49 in the morning session.

Banking heavyweights Malayan Banking Bhd increased 18 sen to RM8.88, Public Bank Bhd rose nine sen to RM4.37, CIMB Group Holdings Bhd climbed 19 sen to RM5.67, and Hong Leong Bank Bhd gained 12 sen to RM19.86.

Meanwhile, Petronas Chemicals Group Bhd added nine sen to RM9.29, Press Metal Aluminium Holdings Bhd was unchanged at RM6.75, while Inari Amertron Bhd bagged five sen to RM3.16.  

The overall market breadth was positive with gainers thumping losers 699 to 318, while 367 counters were unchanged, 901 untraded, and 67 others suspended.

Total turnover shrank to 3.24 billion units worth RM2.92 billion against Thursday’s 5.51 billion units worth RM4.12 billion.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the key indices of regional bourses also finished broadly higher as many investors viewed the political tension between Russia and Ukraine would only have short-term effects on markets and economy.

Meanwhile, he said the recent sell down on regional stocks also provided opportunities for bottom fishing. 

“As for the local bourse, the benchmark index is on course to challenge the 1,600 mark again with strong buying momentum across the board,” he told Bernama, adding that Malaysian equities were higher in line with the positive regional market sentiment. 

For other heavyweights, IHH Healthcare Bhd increased eight sen to RM6.48, Tenaga Nasional Bhd was flat at RM9, and Axiata Group Bhd improved one sen to RM3.82.

Of the actives, SMTrack Bhd inched up two sen to 23.5 sen, Dagang NeXchange Bhd gained one sen to RM1.15, AT Systematization Bhd was unchanged at two sen, Vizione Holdings Bhd eased half-a-sen to six sen, while Ta Win Holdings Bhd perked up one sen to 15.5 sen.

On the index board, the FBM ACE added 79.92 points to 5,948.84, FBM 70 rose 176.15 points to 13,515.94, FBM Emas Index gained 131.11 points to 11,350.24, FBMT 100 Index increased 127.86 points to 11,023.17, and the FBM Emas Shariah Index expanded 71.35 points to 12,016.47.

Sector-wise, the Financial Services Index jumped 324.87 points to 16,484.64, the Industrial Products and Services Index was 2.11 points better at 208.65, and the Plantation Index climbed 76.21 points to 8,098.29.

The Main Market volume narrowed to 2.16 billion shares worth RM2.69 billion from 3.74 billion shares worth RM3.75 billion on Thursday.

Warrants turnover dwindled to 269.01 million units worth RM43.75 million against 420.08 million units worth RM60.48 million on Thursday.

The ACE Market volume declined to 812.63 million shares valued at RM188.63 million versus 1.33 billion shares valued at RM301.51 million previously.

Consumer products and services counters accounted for 403.05 million shares traded on the Main Market, industrial products and services (476.52 million), construction (136.43 million), technology (290.13 million), SPAC (nil), financial services (102.38 million), property (192.79 million), plantation (158.5 million), REITs (10.44 million), closed/fund (10,000), energy (269.1 million), healthcare (44.18 million), telecommunications and media (29.17 million), transportation and logistics (27.94 million), and utilities (24.96 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends broadly lower on profit-taking activities

 

KUALA LUMPUR (Feb 24): Bursa Malaysia ended broadly lower on Thursday (Feb 24), with the key index falling by 0.77% due to profit-taking activities led by banking stocks, coupled with heightened concerns over the geopolitical risk between Russia and Ukraine, dealers said.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) shed 12.25 points to 1,573.89 from 1,586.14 at Wednesday’s close, after opening 0.58 of-a-point weaker at 1,585.56.

The key index fluctuated between 1,565.24 and 1,586.07 throughout the trading session.

Banking heavyweights Malayan Banking Bhd and CIMB Group Holdings Bhd lost seven sen to RM8.70 and RM5.48 respectively, Public Bank Bhd fell eight sen to RM4.28, and Hong Leong Bank Bhd eased 12 sen to RM19.74. 

The overall market breadth was negative with decliners trouncing advancers 960 to 256, while 295 counters were unchanged, 769 untraded, and 35 others suspended.

Total turnover increased to 5.51 billion units worth RM4.12 billion against Wednesday’s 2.97 billion units worth RM2.68 billion.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the key indices of regional bourses were also mostly lower following the broadly negative cues overnight from Wall Street.

Back home, he said the market undertone would likely remain steady despite the anticipated profit-taking activities, while the FBM KLCI is well supported above the 1,570 level. 

“We reckon the benchmark index will stay positive going forward with foreign inflow of funds,” he told Bernama.

As such, he expected the FBM KLCI to move within the 1,570-1,585 range towards the weekend with immediate resistance at 1,600 and support at 1,570.

As for other heavyweights, Petronas Chemicals Group Bhd decreased three sen to RM9.20, Press Metal Aluminium Holdings Bhd shed nine sen to RM6.75, while IHH Healthcare Bhd gained 10 sen to RM6.40.

Of the actives, Hibiscus Petroleum Bhd rose seven sen to RM1.26, Dagang NeXchange Bhd slipped seven sen to RM1.14, AT Systematization Bhd and XOX Bhd declined half-a-sen each to two sen respectively, while Bumi Armada Bhd rose 1.5 sen to 52 sen.

On the index board, the FBM ACE slumped 229.17 points to 5,868.92, FBM 70 slid 195.4 points to 13,339.79, FBM Emas Index erased 109.96 points to 11,219.13, FBMT 100 Index declined 101.03 points to 10,895.31, and the FBM Emas Shariah Index slipped 87.17 points to 11,945.12.

Sector-wise, the Financial Services Index gave up 179.43 points to 16,159.77 and the Industrial Products and Services Index was 3.24 points lower at 206.54, while the Plantation Index climbed 152.04 points to 8,022.08.

The Main Market volume expanded to 3.74 billion shares worth RM3.75 billion from 2.13 billion shares worth RM2.47 billion on Wednesday.

Warrants turnover swelled to 420.08 million units worth RM60.48 million against 244.38 million units worth RM28.12 million on Wednesday.

The ACE Market volume jumped to 1.33 billion shares valued at RM301.51 million versus 586 million shares valued at RM185.72 million previously.

Consumer products and services counters accounted for 708.78 million shares traded on the Main Market, industrial products and services (864.57 million), construction (136.58 million), technology (379.82 million), SPAC (nil), financial services (105.1 million), property (275.78 million), plantation (321.36 million), REITs (13.69 million), closed/fund (63,300), energy (705.99 million), healthcare (91.16 million), telecommunications and media (45.16 million), transportation and logistics (56.14 million), and utilities (45.67 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia snaps three-day losing streak to close higher

 

 

KUALA LUMPUR (Feb 23): Bursa Malaysia snapped a three-day losing streak to end higher on Wednesday (Feb 23) on persistent buying interest in financial services as well as industrial products and services counters, amid mixed sentiments on the regional markets, dealer said.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 0.58% or 9.18 points to 1,586.14 from Tuesday's close of 1,576.96.

The index, which opened 5.3 points firmer at 1,582.26, moved between 1,579.94 and 1,592.34 throughout the session.

The overall market breadth was positive with gainers overwhelming losers 621 to 372, while 402 counters were unchanged, 863 untraded, and 18 others suspended.

Total turnover dwindled to 2.97 billion units worth RM2.68 billion from 4.33 billion units worth RM3.16 billion on Tuesday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said key regional bourses were mixed despite the intensifying crisis surrounding Ukraine as investors viewed the United States sanctions on Russia as less-than-feared by the market. 

On the domestic front, he said the FBM KLCI rebounded after three days of correction and it is likely to move upwards as buying from foreign funds are expected to resume, given the cheaper valuations of local equities as compared to regional peers.

“As such, we anticipate the FBM KLCI to move within the 1,580-1,590 range for the remainder of the week, with immediate resistance at 1,600 and support at 1,570,” he told Bernama. 

Local heavyweights, Malayan Banking Bhd and CIMB Group Holdings Bhd added five sen each to RM8.77 and RM5.55 respectively, Public Bank Bhd rose two sen to RM4.36, Petronas Chemicals Group Bhd gained nine sen to RM9.23, and IHH Healthcare Bhd was unchanged at RM6.30. 

As for the actives, Dagang NeXchange Bhd expanded nine sen to RM1.21, SMTrack Bhd eased 1.5 sen to 24 sen, MSM Malaysia Holdings Bhd dropped 23.5 sen to 88.5 sen, and MY EG Services Bhd put on five sen to 97 sen.

On the index board, the FBM ACE increased 71.94 points to 6,098.09, FBM 70 climbed 148.13 points to 13,535.19, FBM Emas Index added 85.59 points to 11,329.09, FBMT 100 Index firmed 76.01 points to 10,996.34, and the FBM Emas Shariah Index rose 108.31 points to 12,032.29.

Sector-wise, the Financial Services Index put on 70.87 points to 16,339.2 and the Plantation Index gained 89.81 points to 7,870.04, while the Industrial Products and Services Index was 1.67 points higher at 209.78.

The Main Market volume declined to 2.13 billion shares worth RM2.47 billion from 2.78 billion shares worth RM2.86 billion on Tuesday.

Warrants turnover shrank to 244.38 million units worth RM28.12 million against 429.19 million units worth RM47.45 million on Tuesday.

The ACE Market volume slid to 586 million shares valued at RM185.72 million versus 1.11 billion shares valued at RM256.42 million previously.

Consumer products and services counters accounted for 380.48 million shares traded on the Main Market, industrial products and services (525.05 million), construction (104.57 million), technology (392.81 million), SPAC (nil), financial services (65.9 million), property (185.79 million), plantation (130.23 million), REITs (7.4 million), closed/fund (10,000), energy (166.83 million), healthcare (83.3 million), telecommunications and media (40.99 million), transportation and logistics (33.43 million), and utilities (22.56 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends in the red on profit-taking activities

 

 

KUALA LUMPUR (Feb 22): Bursa Malaysia ended in the red on Tuesday (Feb 22), succumbing to profit-taking activities across the board following the overbought situation in the previous week, a dealer said. 

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was lower by 0.36% or 5.73 points to 1,576.96 from Monday's close of 1,582.69.

The index, which opened 2.75 points lower at 1,579.94, moved between 1,567.19 and 1,581.05 throughout the session.

The overall market breadth was negative with decliners surpassing gainers 779 to 286, while 378 counters were unchanged, 805 untraded and 15 others suspended.

Total turnover was higher at 4.33 billion units worth RM3.16 billion versus 4.02 billion units worth RM3.08 billion on Monday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said key regional bourses also ended in negative territory as tensions between Ukraine and Russia continued to escalate.

Japan's Nikkei 225 slipped 1.71% to 26,449.61, Hong Kong’s Hang Seng Index went down 2.69% to 23,520 and Singapore’s Straits Times Index declined 1.04% to 3,400.58.

“Additionally, the negative sentiment regionally was preceded by a plunge in United States stock futures earlier on Monday,” he said.

On the local bourse, he reckoned this was a healthy correction as the FBM KLCI remained well supported above the 1,570 level.

“In view of greater market volatility both locally and regionally, we anticipate the benchmark index to trend within the 1,570-1,590 range for the rest of the week,” he said. 

Bursa heavyweights Malayan Banking Bhd narrowed eight sen to RM8.72, Public Bank Bhd fell three sen to RM4.34, CIMB Group Holdings Bhd eased seven sen to RM5.50 and IHH Healthcare Bhd slid nine sen to RM6.30.

In contrast, Petronas Chemicals Group Bhd gained two sen to RM9.14. 

As for the actives, Dagang NeXchange Bhd dipped six sen to RM1.12, Ta Win Holdings Bhd fell two sen to 16 sen and SMTrack Bhd slid half-a-sen to 25.5 sen.

On the index board, FBM ACE contracted 143.74 points to 6,026.15, FBM 70 shrank 248.73 points to 13,387.06, FBM Emas Index dropped 78.27 points to 11,243.5, FBMT 100 Index gave up 75.18 points to 10,920.33, while FBM Emas Shariah Index dropped 68.27 points to 11,923.98.

Sector-wise, the Financial Services Index declined 146.52 points to 16,268.33 and the Plantation Index decreased 5.59 points to 7,780.23, while the Industrial Products and Services Index was 0.28 of-a-point higher at 208.11.

The Main Market volume dipped to 2.78 billion shares worth RM2.86 billion from 2.80 billion shares worth RM2.78 billion previously.

Warrants turnover strengthened to 429.19 million units worth RM47.45 million against 297.74 million units worth RM32.77 million on Monday.

The ACE Market volume widened to 1.11 billion shares valued at RM256.42 million versus 919.17 million shares valued at RM266.95 million.

Consumer products and services counters accounted for 318.3 million shares traded on the Main Market, industrial products and services (832.28 million), construction (82.63 million), technology (561.38 million), SPAC (nil), financial services (71.61 million), property (209.25 million), plantation (145.26 million), REITs (14.01 million), closed/fund (10,000), energy (404.20 million), healthcare (58.02 million), telecommunications and media (30.61 million), transportation and logistics (45.86 million), and utilities (17.41 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia closes broadly lower

 

KUALA LUMPUR (Feb 21): Bursa Malaysia closed broadly lower across the board on Monday (Feb 21) due to heavy profit-taking activities following strong rallies for over a week, a dealer said. 

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was lower by 1.27% or 20.36 points to 1,582.69 from 1,603.05 at Friday's close.

The index, which opened 1.39 points lower at 1,601.66, moved between 1,578.61 and 1,603.38 throughout the session.

The overall market breadth was negative with decliners surpassing gainers 719 to 338, while 378 counters were unchanged, 803 untraded and nine others suspended.

Total turnover was higher at 4.02 billion units worth RM3.08 billion versus 3.87 billion units worth RM2.99 billion on Friday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said key regional markets were also in negative territory due to the ongoing uncertainty created by political tensions between Russia and Ukraine. 

Japan's Nikkei 225 slipped 0.78% to 26,910.87, Hong Kong’s Hang Seng Index went down 0.65% to 24,170.07, Singapore’s Straits Times Index added 0.22% to 3,436.36 and South Korea’s Kospi fell 0.03% to 2,743.8.

“Meanwhile scepticism about the outlook for monetary policy also continued to weigh on the markets ahead of an anticipated interest rate hike by the United States Federal Reserve next month,” he said. 

On the domestic front, he said the FBM KLCI had a major correction due to the overbought situation previously, nonetheless, sentiment on the local bourse is believed to be still positive buoyed by the influx of foreign funds. 

“Following the correction today, we anticipate the benchmark index to trend within the 1,575-1,600 range for the week with immediate support at 1,570 and resistance at 1,610,” he said. 

Bursa heavyweights Malayan Banking Bhd added 14 sen to RM8.80, Public Bank Bhd fell two sen to RM4.37, Petronas Chemicals Group Bhd declined nine sen to RM9.12, IHH Healthcare Bhd shrank 16 sen to RM6.39 and CIMB Group Holdings Bhd eased three sen to RM5.57. 

As for the actives, SMTrack Bhd gained two sen to 26 sen, Ta Win Holdings Bhd shed half-a-sen to 18 sen, Dagang NeXchange Bhd fell nine sen to RM1.18 and KNM Group Bhd was unchanged at 18 sen.

On the index board, FBM ACE weakened 124.87 points to 6,169.89, FBM 70 reduced 108.95 points to 13,635.79, FBM Emas Index dropped 129.74 points to 11,321.77, FBMT 100 Index gave up 129.64 points to 10,995.51, while FBM Emas Shariah Index slipped 218.46 points to 11,992.25.

Sector-wise, the Financial Services Index increased 14.17 points to 16,414.85, the Industrial Products and Services Index was 3.8 points lower at 207.83, while the Plantation Index slid 334.41 points to 7,785.82.

The Main Market volume increased to 2.8 billion shares worth RM2.78 billion from 2.58 billion shares worth RM2.72 billion previously.

Warrants turnover weakened to 297.74 million units worth RM32.77 million against 373.25 million units worth RM49.52 million on Friday.

The ACE Market volume widened to 919.17 million shares valued at RM266.95 million versus 911.6 million shares valued at RM222.7 million.

Consumer products and services counters accounted for 493.48 million shares traded on the Main Market, industrial products and services (843.17 million), construction (103.9 million), technology (379.29 million), SPAC (nil), financial services (71.07 million), property (296.39 million), plantation (128.85 million), REITs (8.97 million), closed/fund (15,300), energy (315.68 million), healthcare (50.41 million), telecommunications and media (33.36 million), transportation and logistics (44.97 million), and utilities (27.15 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends marginally lower on profit-taking activities

 

KUALA LUMPUR (Feb 18): Bursa Malaysia retreated from its gains to end the week marginally lower, due to profit-taking activities particularly in banking and oil and gas stocks, coupled with the weaker regional market performance, a dealer said.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.97 points to 1,603.05 from 1,605.02 at Thursday's close

The index, which opened 3.28 points lower at 1,601.74, moved between 1,599.8 and 1,607.42 throughout the session.

The overall market breadth was negative with decliners surpassing gainers 510 to 477, while 427 counters were unchanged, 825 untraded and 11 others suspended.

Total turnover was slightly lower at 3.87 billion units worth RM2.99 billion versus 3.91 billion units worth RM3.34 billion on Thursday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the local bourse remained above the 1,600 psychological mark despite some intermittent corrections. 

"The market undertone remains steady despite the anticipated profit taking," he said.

Regionally, key markets trended broadly lower following negative cues overnight from Wall Street amid renewed geopolitical concerns over Ukraine and Russia.

Singapore’s Straits Times Index fell 0.29% to 3,431.55, Hong Kong's Hang Seng Index lost 1.88% to 24,327.71 and Japan's Nikkei 225 eased 0.41% to 27,122.07.

Bursa heavyweights Malayan Banking Bhd and Public Bank Bhd each fell two sen to RM8.66 and RM4.39 respectively, Petronas Chemicals Group Bhd slipped nine sen to RM9.21, IHH Healthcare Bhd declined four sen to RM6.55, and CIMB Group Holdings Bhd lost three sen to RM5.60.

As for the actives, Ta Win Holdings Bhd gained three sen to 18.5 sen, Hibiscus Petroleum Bhd added four sen to RM1.18, while SMTrack Bhd and DGB Asia Bhd were unchanged at 24 sen and 2.5 sen, respectively.

On the index board, FBM ACE weakened 41.87 points to 6,294.76, FBM 70 reduced 69.85 points to 13,744.74, FBM Emas Index eased 17.14 points to 11,451.51, FBMT 100 Index gave up 23.09 points to 11,125.15, while FBM Emas Shariah Index added 2.69 points to 12,210.71.

Sector-wise, the Financial Services Index erased 64.94 points to 16,400.68, the Industrial Products and Services Index was 0.15 of-a-point lower at 211.63, while the Plantation Index improved 152.96 points to 8,120.23.

The Main Market volume increased to 2.58 billion shares worth RM2.72 billion from 2.47 billion shares worth RM2.96 billion on Thursday.

Warrants turnover improved to 373.25 million units worth RM49.52 million against 362.77 million units worth RM48.26 million previously.

The ACE Market volume narrowed to 911.6 million shares valued at RM222.7 million versus 1.08 billion shares valued at RM331.42 million on Thursday.

Consumer products and services counters accounted for 519.76 million shares traded on the Main Market, industrial products and services (832.84 million), construction (128.14 million), technology (255.16 million), SPAC (nil), financial services (56.59 million), property (145.46 million), plantation (218.44 million), REITs (4.22 million), closed/fund (31,300), energy (262.93 million), healthcare (68.66 million), telecommunications and media (31.53 million), transportation and logistics (41.48 million), and utilities (17.26 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends marginally higher

 

KUALA LUMPUR (Feb 17): Bursa Malaysia ended marginally higher on Thursday (Feb 17) after a roller coaster session during the final hour of trading as plantation heavyweights continued to push the key index, coupled with better regional market performances, a dealer said.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 1.82 points to 1,605.02 compared with 1,603.2 at Wednesday's close.

The index, which opened 6.72 points higher at 1,609.92, moved between 1,601.94 and 1,614.82 throughout the session.

The overall market breadth was positive with gainers surpassing losers 515 to 423, while 457 counters were unchanged, 843 untraded and 11 others suspended.

Total turnover improved to 3.91 billion units worth RM3.34 billion from 3.38 billion units worth RM2.86 billion on Wednesday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the local bourse continued its uptrend and is approaching the 1,620 resistance level. 

"We expect the index to go higher as buying from foreign funds is expected to resume although a mild correction is anticipated anytime soon.  

"Hence, we reckon the FBM KLCI will trend range-bound and hover within the 1,605-1,615 range towards the weekend," he said.

Regionally, key markets ended mostly higher despite mixed performance from Wall Street overnight.

Singapore’s Straits Times Index rose 0.2% to 3,446.03, Hong Kong's Hang Seng Index increased 0.3% to 24,792.77, while Japan's Nikkei 225 eased 0.83% to 27,232.87.

Bursa heavyweights Sime Darby Plantation Bhd advanced 27 sen to RM4.91, Kuala Lumpur Kepong Bhd improved RM1 to RM26.60, Telekom Malaysia Bhd gained seven sen to RM5.55, PPB Group Bhd advanced 20 sen to RM17.24, while Malayan Banking Bhd fell one sen to RM8.68. 

As for the actives, Vortex Consolidated Bhd rose one sen to eight sen, SMTrack Bhd gained 1.5 sen to 24 sen, while Dagang NeXchange Bhd lost one sen to RM1.26.

On the index board, FBM ACE improved 60.57 points to 6,336.63, FBM 70 put on 57.22 points to 13,814.59, FBM Emas Index bagged 26.71 points to 11,468.65, FBMT 100 Index advanced 20.04 points to 11,148.24, and FBM Emas Shariah Index rose 37.92 points to 12,208.02.

Sector-wise, the Financial Services Index dropped 31.76 points to 16,465.62, the Industrial Products and Services Index was 1.02 points lower at 211.78, while the Plantation Index climbed 295.23 points to 7,967.27.

The Main Market volume widened to 2.47 billion shares worth RM2.96 billion from 2.22 billion shares worth RM2.56 billion on Wednesday.

Warrants turnover dwindled to 362.77 million units worth RM48.26 million against 403.48 million units worth RM49.87 million previously.

The ACE Market volume improved to 1.08 billion shares valued at RM331.42 million versus 745.02 million shares valued at RM250.63 million on Wednesday.

Consumer products and services counters accounted for 412.2 million shares traded on the Main Market, industrial products and services (558.36 million), construction (118.13 million), technology (440 million), SPAC (nil), financial services (78.38 million), property (155.56 million), plantation (211.09 million), REITs (8.32 million), closed/fund (63,700), energy (284.25 million), healthcare (49.09 million), telecommunications and media (64.93 million), transportation and logistics (63.68 million), and utilities (24.94 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia extends uptrend to end higher

 

KUALA LUMPUR (Feb 16): Bursa Malaysia has extended its upward trajectory to close higher, rising above the 1,600 threshold due to continuous buying support in selected heavyweights, coupled with improving sentiment, a dealer said.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 3.59 points to 1,603.2 compared with 1,599.61 at Tuesday's close.

The market benchmark, which opened 7.04 points higher at 1,606.65, moved in a volatile mode between 1,597.35 and 1,613.71 throughout the session.

The overall market breadth was mixed with gainers and losers matched at 464 counters, while 431 counters were unchanged, 869 untraded and 10 others suspended.

Total turnover declined to 3.38 billion units worth RM2.86 billion from 3.57 billion units worth RM2.98 billion on Tuesday.

Rakuten Trade Sdn Bhd vice president of Equity Research Thong Pak Leng said as the barometer index has broken the 1,600 psychological resistance, the next target is seen at the 1,620 level.

"We believe the market undertone would remain steady due to improving investor sentiment, and reckon the index would stay positive going forward, although we do not discount the possibility of intermittent correction due to the overbought situation.

"As such, we anticipate the FBM KLCI to trend within the 1,595 to 1,610 range for the remainder of the week, with immediate resistance at 1,620 and support at 1,570," he told Bernama.

Bursa heavyweights Press Metal Aluminium Holdings Bhd added 16 sen to RM7, Malayan Banking Bhd gained seven sen to RM8.69, Telekom Malaysia Bhd improved 13 sen to RM5.48, and IOI Corp Bhd rose seven sen to RM4.34.

As for the actives, Dagang NeXchange Bhd advanced 14 sen to RM1.27, SMTrack Bhd inched up 1.5 sen to 22.5 sen, while Ta Win Holdings Bhd and KNM Group Bhd both stayed flat at 16 sen and 18.5 sen, respectively.

On the index board, FBM 70 improved 62.01 points to 13,757.37, FBM Emas Index bagged 30.65 points to 11,441.94, FBMT 100 Index advanced 30.45 points to 11,128.2, and FBM Emas Shariah Index firmed 24.46 points to 12,170.1, while FBM ACE gave up 9.39 points to 6,276.06.

Sector-wise, the Financial Services Index perked up 43.95 points to 16,497.38, the Industrial Products and Services Index was 0.99 of-a-point better at 212.8, and the Plantation Index put on 15.62 points to 7,672.04.

The Main Market volume narrowed to 2.22 billion shares worth RM2.56 billion versus 2.43 billion shares worth RM2.68 billion on Tuesday.

Warrants turnover swelled to 403.48 million units worth RM49.87 million from 401.45 million units worth RM46.14 million previously.

The ACE Market volume increased marginally to 745.02 million shares valued at RM250.63 million against 743.33 million shares valued at RM251.02 million on Tuesday.

Consumer products and services counters accounted for 398.38 million shares traded on the Main Market, industrial products and services (617.76 million), construction (57.02 million), technology (450.14 million), SPAC (nil), financial services (74.97 million), property (145.76 million), plantation (72.54 million), REITs (7.19 million), closed/fund (12,000), energy (266.53 million), healthcare (43.21 million), telecommunications and media (20.74 million), transportation and logistics (38.05 million), and utilities (27.44 million).

 

Source: The Edge

Market Daily Report: Plantation stocks lift Bursa Malaysia to end at intraday high

 

KUALA LUMPUR (Feb 15): Bursa Malaysia closed at its intraday high on Tuesday (Feb 15) with the benchmark composite index rising 1% on continuous buying support in selected plantation stocks, a dealer said.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 15.77 points to 1,599.61, just a whisker below the psychological 1,600 level, compared with 1,583.84 at Monday's close.

The market bellwether, which opened 2.12 points higher at 1,585.96, hit an intraday low of 1,585.54 in the morning session and thereafter moved on an uptrend mode.

Sime Darby Plantation Bhd surged 45 sen to RM4.69 with 31.08 million shares traded and Kuala Lumpur Kepong Bhd firmed RM1.16 to RM25.52 with 6.93 million shares changing hands. The two stocks contributed a combined 7.75 points to the gains in the FBM KLCI.

The overall market breadth was positive with gainers leading losers 519 to 447, while 448 counters were unchanged, 798 untraded, and 10 others suspended.

Total turnover expanded to 3.57 billion units worth RM2.98 billion from 3.18 billion units worth RM2.49 billion on Monday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the FBM KLCI continued its upward trajectory despite the high regional volatility as local investor sentiment was positive.

"Supported by strong buying momentum, the benchmark index is on course to challenge the 1,600 mark, although we expect a minor correction anytime soon due to the overbought situation.

"As such, we anticipate the FBM KLCI to move within the 1,585 to 1,605 range for the rest of the week," he told Bernama.

Among other heavyweights, IOI Corp Bhd rose 13 sen to RM4.27, Press Metal Aluminium Holdings Bhd put on 14 sen to RM6.84, Petronas Chemicals Group Bhd gained 12 sen to RM9.38, and PPB Group Bhd firmed 42 sen to RM17.02.

As for the actives, Dagang NeXchange Bhd slipped two sen to RM1.13, Ta Win Holdings Bhd rose 1.5 sen to 16 sen, SMTrack Bhd inched up half-a-sen to 21 sen, Hibiscus Petroleum Bhd added one sen to RM1.14, while AHB Holdings Bhd perked up 2.5 sen to 24 sen.

On the index board, the FBM ACE ticked up 35.95 points to 6,285.45, FBM 70 improved 35.3 points to 13,695.36, FBM Emas Index bagged 89.57 points to 11,411.29, FBMT 100 Index advanced 91.7 points to 11,097.75, and the FBM Emas Shariah Index firmed 122.87 points to 12,145.64.

Sector-wise, the Financial Services Index perked up 70.07 points to 16,453.43, the Industrial Products and Services Index was 1.38 points better at 211.81, and the Plantation Index climbed 371.06 points to 7,656.42.

The Main Market volume improved to 2.43 billion shares worth RM2.68 billion against 2.14 billion shares worth RM2.22 billion on Monday.

Warrants turnover swelled to 401.45 million units worth RM46.14 million from 294.65 million units worth RM33.86 million previously.

The ACE Market volume increased marginally to 743.33 million shares valued at RM251.02 million versus 742.22 million shares valued at RM232.48 million on Monday.

Consumer products and services counters accounted for 461.5 million shares traded on the Main Market, industrial products and services (652.89 million), construction (65.67 million), technology (286.05 million), SPAC (nil), financial services (80 million), property (179.11 million), plantation (161.31 million), REITs (9.78 million), closed/fund (nil), energy (378.86 million), healthcare (47.29 million), telecommunications and media (29.6 million), transportation and logistics (47.84 million), and utilities (26.91 million).

 

Source: The Edge

 

Market Daily Report: Bursa Malaysia ends mixed

 

KUALA LUMPUR (Feb 14): Bursa Malaysia ended mixed on Monday (Feb 14) on continuous buying support in financial services, plantation and oil and gas stocks amid a weaker regional market performance, a dealer said.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 4.95 points to 1,583.84 from 1,578.89 at Friday's close.

The barometer index, which opened 1.9 points lower at 1,576.99, moved between 1,575.1 and 1,585.08 throughout the session.

The overall market breadth was negative with losers surpassing gainers 598 to 386, while 375 counters were unchanged, 850 untraded, and 22 others suspended.

Total turnover slipped marginally to 3.18 billion units worth RM2.49 billion against 3.19 billion units worth RM2.42 billion last Friday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the key regional indices closed mostly lower as investors were cautious due to heightened political tensions between Russia and Ukraine.

"As for the local bourse, we reckon investor sentiment will also be cautious in the short term due to the increased regional market volatility as a result of the political tensions.

"We anticipate the FBM KLCI to hover within the 1,575 to 1,590 range for the week, with immediate resistance at 1,600 and support at 1,570," Thong told Bernama.

Regionally, Singapore’s Straits Times Index lost 0.4% to 3,415.17, Japan's Nikkei 225 fell 2.23% to 27,079.59, while Hong Kong's Hang Seng Index slid 1.41% to 24,556.57.

Back home, heavyweights IOI Corp Bhd rose 12 sen to RM4.14, CIMB Group Holdings Bhd added six sen to RM5.61, Hong Leong Bank Bhd advanced 26 sen to RM20.26, Dialog Group Bhd firmed nine sen to RM2.86, and Maxis Bhd inched up five sen to RM4.48.

As for the actives, KNM Group Bhd shed half-a-sen to 18 sen, SMTrack Bhd inched up one sen to 20.5 sen, AHB Holdings Bhd improved 5.5 sen to 21.5 sen, and Dagang NeXchange Bhd gained six sen to RM1.15.

On the index board, the FBM ACE weakened 95.45 points to 6,249.5, FBM Emas Shariah Index erased 17.62 points to 12,022.77, and the FBM 70 declined 121.23 points to 13,660.06.

Meanwhile, the FBMT 100 Index put on 5.32 points to 11,006.05 and the FBM Emas Index rose 1.3 points to 11,321.72.

Sector-wise, the Financial Services Index advanced 86.71 points to 16,383.36, the Industrial Products and Services Index eased 0.51 of-a-point to 210.43, and the Plantation Index climbed 70.94 points to 7,285.36.

The Main Market volume improved to 2.14 billion shares worth RM2.22 billion versus 1.99 billion shares worth RM2.19 billion last Friday.

Warrants turnover shrank to 294.65 million units worth RM33.86 million from 363.3 million units worth RM44.75 million previously.

The ACE Market volume dwindled to 742.22 million shares valued at RM232.48 million against 837.69 million shares valued at RM182.82 million last Friday.

Consumer products and services counters accounted for 436.46 million shares traded on the Main Market, industrial products and services (471.01 million), construction (87.52 million), technology (299.88 million), SPAC (nil), financial services (65.42 million), property (116.55 million), plantation (92.19 million), REITs (81.18 million), closed/fund (33,500), energy (430.87 million), healthcare (47.99 million), telecommunications and media (19.51 million), transportation and logistics (35.26 million), and utilities (26.13 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia extends rally, KLCI ends at intraday high for third straight day

 

 

KUALA LUMPUR (Feb 11): Bursa Malaysia extended its rally with the key index ending the week at its intraday high for the third consecutive day, driven by positive sentiment and improved buying interest in banking, plantation and telecommunication heavyweights, a dealer said.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) advanced by 0.56% or 8.79 points to 1,578.89 from 1,570.1 at Thursday's close.

The barometer index, which opened 5.8 points lower at 1,564.3, hit an intraday low of 1,562.91 in the morning session before gathering momentum in the afternoon session to close higher.

Overall market breadth was positive with advancers outnumbering decliners 509 to 446, while 407 counters were unchanged, 856 untraded, and 36 others suspended.

Total turnover narrowed to 3.19 billion units worth RM2.42 billion against 3.2 billion units worth RM2.62 billion at Thursday's close.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said investors were generally optimistic given the improvement in local market sentiment and foreign support.

"However, they should remain cautious and stay alert on the increasing market volatilities and external uncertainties as most key regional markets ended lower following negative cues overnight from Wall Street," he told Bernama.

On the local bourse, heavyweights Sime Darby Plantation Bhd gained 31 sen to RM4.23, Kuala Lumpur Kepong Bhd improved RM1.40 to RM24.14, Malayan Banking Bhd rose two sen to RM8.57, Public Bank Bhd was flat at RM4.35, Petronas Chemicals Group Bhd perked up 11 sen to RM9.22, while IHH Healthcare Bhd lost one sen to RM6.54.

As for the actives, KNM Group Bhd inched up three sen to 18.5 sen, Vortex Consolidated Bhd was half-a-sen lower at 7.5 sen, Dagang NeXchange Bhd firmed two sen to RM1.09, and SMTrack Bhd was half-a-sen higher at 19.5 sen.

On the index board, the FBM ACE gained 11.62 points to 6,344.95, the FBM 70 put on 2.6 points to 13,781.29, the FBM Emas Index perked up 52.81 points to 11,320.42, the FBMT 100 Index climbed 48.14 points to 11,000.73, and the FBM Emas Shariah Index increased 80.57 points to 12,040.39.

Sector-wise, the Financial Services Index added 14.24 points to 16,296.65, the Industrial Products and Services Index was 1.07 points higher at 210.94, and the Plantation Index surged 325.91 points to 7,214.42.

The Main Market volume improved to 1.99 billion shares worth RM2.19 billion versus 1.84 billion shares worth RM2.31 billion on Thursday.

Warrants turnover dwindled to 363.3 million units worth RM44.75 million against 492.16 million units worth RM51.08 million previously.

The ACE Market volume declined to 837.69 million shares valued at RM182.82 million compared to 859.74 million shares valued at RM255.47 million on Thursday.

Consumer products and services counters accounted for 288.26 million shares traded on the Main Market, industrial products and services (469.94 million), construction (72.12 million), technology (378.47 million), SPAC (nil), financial services (56.09 million), property (91.81 million), plantation (131.42 million), REITs (10.06 million), closed/fund (86,400), energy (371.45 million), healthcare (46.23 million), telecommunications and media (20.2 million), transportation and logistics (29.14 million), and utilities (23.31 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends at intraday high for second day running

 

KUALA LUMPUR (Feb 10): Bursa Malaysia closed at its intraday high for the second consecutive day on Thursday (Feb 10) with the benchmark composite index rising 1.2%, lifted by banking, technology and plantation counters, amid positive regional market sentiment, a dealer said.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) jumped by 18.59 points to 1,570.1 from 1,551.51 at Wednesday's close.

The index, which opened 1.09 points lower to hit its intraday low of 1,550.42, moved in an uptrend mode throughout the session.

Overall market breadth was positive with advancers outnumbering decliners 567 to 400, while 424 counters were unchanged, 827 untraded, and 24 others suspended.

Total turnover improved to 3.2 billion units worth RM2.62 billion versus 2.96 billion units worth RM2.52 billion at Wednesday's close.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the FBM KLCI had broken the 1,570 technical resistance and the key index may be heading towards the 1,600 mark.

"Overall, we believe the market undertone remains steady due to improving investor sentiment and reckon that the index will stay positive going forward as foreign funds continue to return although intermittent profit-taking may set in.

"On the other hand, we are also wary of external factors given the increasing regional market volatility amid the looming interest hike by the US Federal Reserve," he told Bernama.

Thong said the market bellwether was expected to trend within the 1,565-1,580 range towards the weekend.

Among the heavyweights, Malayan Banking Bhd and Public Bank Bhd each added five sen to RM8.55 and RM4.35, respectively, Sime Darby Plantation Bhd jumped 26 sen to RM3.92, Press Metal Aluminium Holdings Bhd gained 19 sen to RM6.80, CIMB Group Holdings Bhd rose 14 sen to RM5.54, and Kuala Lumpur Kepong Bhd improved 68 sen to RM22.74.

As for the actives, Dagang NeXchange Bhd rose five sen to RM1.07, SMTrack Bhd and AT Systematization Bhd were half-a-sen higher at 19 sen and three sen, respectively, while MMAG Holdings Bhd was flat at eight sen and BSL Corp Bhd eased two sen to 50 sen.

On the index board, the FBM ACE gained 25.62 points to 6,333.33, the FBM 70 put on 73.7 points to 13,778.69, the FBM Emas Index perked up 109.53 points to 11,267.61, the FBMT 100 Index climbed 113.81 points to 10,952.59, and the FBM Emas Shariah Index improved 111.51 points to 11,959.82.

Sector-wise, the Financial Services Index advanced 169.68 points to 16,282.41, the Industrial Products and Services Index was 2.03 points higher at 209.87, and the Plantation Index rose 204.79 points to 6,888.51.

The Main Market volume increased to 1.84 billion shares worth RM2.31 billion from 1.75 billion shares valued at RM2.23 billion on Wednesday.

Warrants turnover expanded to 492.16 million units worth RM51.08 million against 305.24 million units worth RM38.68 million previously.

The ACE Market volume dwindled to 859.74 million shares valued at RM255.47 million compared to 903.64 million shares valued at RM248.37 million on Wednesday.

Consumer products and services counters accounted for 226.54 million shares traded on the Main Market, industrial products and services (619.35 million), construction (42.51 million), technology (364.66 million), SPAC (nil), financial services (89.73 million), property (150.27 million), plantation (37.36 million), REITs (11.02 million), closed/fund (28,000), energy (146.65 million), healthcare (76.29 million), telecommunications and media (22.27 million), transportation and logistics (33.76 million), and utilities (21.94 million).

 

Source: The Edge

Market Daily Report: Finance stocks lift Bursa Malaysia to end at intraday high

 

KUALA LUMPUR (Feb 9): Bursa Malaysia closed at its intraday high on Wednesday (Feb 9) with the benchmark composite index rising 1.4% on continuous buying support in selected financial services stocks led by Malayan Banking Bhd (Malayan) and Public Bank Bhd, a dealer said.

The two heavyweights contributed a combined 6.26 points to the gains in the market bellwether.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) surged 21.42 points to 1,551.51 from 1,530.09 at Tuesday's close.

The index, which opened 1.1 points higher at its intraday low of 1,531.19, moved steadily throughout the session.

Overall market breadth was positive with advancers outnumbering decliners 579 to 412, while 411 counters were unchanged, 811 untraded, and 10 others suspended.

Total turnover improved to 2.96 billion units worth RM2.52 billion against 2.85 billion units worth RM2.17 billion at Tuesday's close.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the key regional markets also showed upbeat performance following positive cues from Wall Street overnight.

"Investors continued their bargain-hunting activities while at the same time [were] optimistic on positive corporate earnings news across the region.

"As for the local bourse, we expect the uptrend to continue due to improved market sentiment and renewed optimism," he told Bernama.

Thong said the FBM KLCI was expected to trade within the 1,545-1,560 range for the remainder of the week.

Regionally, Singapore’s Straits Times Index rose 0.45% to 3,417.11, Japan's Nikkei 225 increased 1.08% to 27,579.87, Hong Kong's Hang Seng Index added 2.06% to 24,829.99, while China's SSE Composite Index put on 0.79% to 3,479.95.

Back home, heavyweights, Maybank advanced 15 sen to RM8.50, Public Bank added nine sen to RM4.30, both CIMB Group Holdings Bhd and Digi.Com Bhd improved 16 sen to RM5.40 and RM3.99, respectively, and Press Metal Aluminium Holdings Bhd firmed 19 sen to RM6.49.

Of the actives, VSolar Group Bhd rose half-a-sen to 1.5 sen, AirAsia Group Bhd added 2.5 sen to 68.5 sen, Dagang NeXchange Bhd perked up 4.5 sen to RM1.02, while MMAG Holdings Bhd eased half-a-sen to eight sen and Sedania Innovator Bhd soared 10.5 sen to 50.5 sen.

On the index board, the FBM ACE rose 60.1 points to 6,307.71, FBM 70 expended 92.19 points to 13,704.99, FBM Emas Index climbed 128.65 points to 11,158.08, FBMT 100 Index jumped 132.43 points to 10,838.78, and the FBM Emas Shariah Index bagged 101.78 points to 11,848.31.

Sector-wise, the Financial Services Index surged 284.95 points to 16,112.73, the Plantation Index added 65.14 points to 6,683.72, and the Industrial Products and Services Index was 2.19 points better at 207.84.

The Main Market volume narrowed to 1.75 billion shares valued at RM2.23 billion against 2.02 billion shares valued at RM1.95 billion on Tuesday.

Warrants turnover improved to 305.24 million units worth RM38.68 million from 267.55 million units worth RM32.84 million previously.

The ACE Market volume advanced to 903.64 million shares valued at RM248.37 million versus 560.48 million shares valued at RM189.1 million on Tuesday.

Consumer products and services counters accounted for 356.16 million shares traded on the Main Market, industrial products and services (452.38 million), construction (66.64 million), technology (306.87 million), SPAC (nil), financial services (94.43 million), property (90.34 million), plantation (21.96 million), REITs (6.94 million), closed/fund (2,000), energy (132.4 million), healthcare (90.18 million), telecommunications and media (24.97 million), transportation and logistics (61.75 million), and utilities (42.35 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends flat amid selling of rubber glove counters

 

KUALA LUMPUR (Feb 8): Bursa Malaysia ended marginally lower on lack of buying interest, with healthcare heavyweights weighing on the index amid volatile trading, an analyst said.

Hartalega Holdings Bhd led the decliners after it slid 26 sen to RM5.57, while Top Glove Corp Bhd was six sen lower at RM2.29.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.56 of-a-point to 1,530.09 from 1,530.65 at Monday's close.

The index, which opened 2.68 points higher at 1,533.33, moved between 1,529.1 and 1,534.73 throughout the session.

Overall market breadth was negative with decliners outnumbering gainers 468 to 451, while 415 counters were unchanged, 878 untraded, and 10 others suspended.

Total turnover declined to 2.85 billion units worth RM2.17 billion versus 3.08 billion units worth RM2.3 billion at Monday's close.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said regional key indices trended mixed due to cautious trading following negative cues from Wall Street overnight.

"Investors are cautiously awaiting the release of the US inflation data and the minutes of the US Federal Reserve's latest monetary policy meeting for directional clues," he told Bernama.

Regionally, Singapore’s Straits Times Index rose 1.15% to 3,405.11, Japan's Nikkei 225 increased 0.13% to 27,284.52, while Hong Kong's Hang Seng Index eased 1.02% to 24,329.49.

Among other heavyweights, Malayan Banking Bhd rose two sen to RM8.35, IHH Healthcare Bhd added five sen to RM6.50 while Public Bank Bhd eased one sen to RM4.21 and Petronas Chemicals Group Bhd was flat at RM9.05.

Among the actives, ATA IMS Bhd rose four sen to 50.5 sen, MY EG Services Bhd added eight sen to RM1.05, SMTrack Bhd was flat at 18.5 sen and AirAsia Group Bhd rose 9.5 sen to 66 sen.

On the index board, the FBM 70 advanced 63.39 points to 13,612.8, the FBM Emas Index bagged 10.57 points to 11,029.43, and the FBMT 100 Index rose 8.21 points to 10,706.35.

The FBM ACE slipped 0.67 of-a-point to 6,247.61, and the FBM Emas Shariah Index dipped 7.97 points to 11,746.53.

Sector-wise, the Financial Services Index improved 1.16 points to 15,827.78, the Plantation Index was up 6.81 points to 6,618.58, while the Industrial Products and Services Index was 1.04 points higher at 205.65.

The Main Market volume improved to 2.02 billion shares valued at RM1.95 billion against 1.88 billion shares valued at RM2.04 billion on Monday.

Warrants turnover narrowed to 267.55 million units worth RM32.84 million from 307.65 million units worth RM33.57 million previously.

The ACE Market volume shrank to 560.48 million shares valued at RM189.1 million versus 891.09 million shares valued at RM232.67 million on Monday.

Consumer products and services counters accounted for 449.72 million shares traded on the Main Market, industrial products and services (561.42 million), construction (97.41 million), technology (374.77 million), SPAC (nil), financial services (46.32 million), property (103.85 million), plantation (24.84 million), REITs (8.92 million), closed/fund (5,000), energy (189.32 million), healthcare (73.19 million), telecommunications and media (26.38 million), transportation and logistics (41.91 million), and utilities (22.25 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends higher on strong buying interest

 

KUALA LUMPUR (Feb 7): Bursa Malaysia ended higher on Monday (Feb 7) with the key index advancing 0.52% on strong buying interest, mainly lifted by selected heavyweights in glove and banking counters, an analyst said.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) improved by 7.89 points to 1,530.65 from 1,522.76 last Friday.

The index opened 2.47 points higher at 1,525.23, its intraday low, and hit a high of 1,535.12 in the morning session.

Overall market breadth was positive with gainers outnumbering losers 539 to 383, while 408 counters were unchanged, 886 untraded, and 22 others suspended.

Total turnover improved to 3.08 billion units worth RM2.3 billion against 2.43 billion units worth RM1.65 billion recorded last Friday.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said investors were seen taking positions in glove stocks following the resurgence in the daily Covid-19 cases recorded in the country.

The Ministry of Health reported that the country logged in 11,034 new Covid-19 cases on Monday, bringing the cumulative total to 2,925,254 cases.

"Nonetheless, we believe this is just a short-term play as seen in previous rise in cases domestically," Thong told Bernama.

Among the heavyweights, Top Glove Corp Bhd added 18 sen to RM2.35, Hartalega Holdings Bhd surged 23 sen to RM5.83, Malayan Banking Bhd increased seven sen to RM8.33, Petronas Chemicals Group Bhd gained nine sen to RM9.05, and Press Metal Aluminium Holdings Bhd added eight sen to RM6.29.

As for the actives, SMTrack Bhd and Kanger International Bhd both rose one sen to 18.5 sen and three sen, respectively, while Dagang NeXchange Bhd slipped four sen to 97 sen, and Hibiscus Petroleum Bhd lost one sen to RM1.08.

On the index board, the FBM ACE advanced 62.54 points to 6,248.28, FBM 70 gained 70.16 points to 13,549.41, FBM Emas Index rose 59.29 points to 11,018.86, FBMT 100 Index bagged 55.21 points to 10,698.14, and the FBM Emas Shariah Index climbed 87.69 points to 11,754.5.

Sector-wise, the Financial Services Index expanded 40.93 points to 15,826.62, the Industrial Products and Services Index added 1.31 points to 204.61, and the Plantation Index increased 67.91 points to 6,611.77.

The Main Market volume improved to 1.88 billion shares valued at RM2.04 billion from 1.55 billion shares valued at RM1.39 billion on Friday.

Warrants turnover narrowed to 307.65 million units worth RM33.57 million against 314.12 million units worth RM37.82 million previously.

The ACE Market volume swelled to 891.09 million shares valued at RM232.67 million versus 569.85 million shares valued at RM214.62 million on Friday.

Consumer products and services counters accounted for 259.41 million shares traded on the Main Market, industrial products and services (458.81 million), construction (73.16 million), technology (271.43 million), SPAC (nil), financial services (57.81 million), property (149.18 million), plantation (41.22 million), REITs (9.01 million), closed/fund (21,900), energy (296.83 million), healthcare (183.95 million), telecommunications and media (26.67 million), transportation and logistics (26.21 million), and utilities (25.08 million).

 

Source: The Edge