MONEY MASTER

  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 Russi...

  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...

  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 billi...

    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 ...

    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...

  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 s...

  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 underton...

  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 inde...

  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. "W...

  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 expand...

  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 loca...

    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 ...

  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 head...

  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 r...

  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 followi...

  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 repor...