Market Daily Report: Bursa Malaysia ends higher

 

KUALA LUMPUR (March 31): Bursa Malaysia closed 0.26% higher Thursday, boosted by improved market sentiment as buying support emerged primarily in banking and consumer product stocks.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.14 points to 1,587.36 from 1,583.22 at Wednesday’s close.

The barometer index opened 1.95 points firmer at 1,585.17 and moved between 1,575.54 and 1,589.06 throughout the day.

Market breadth was positive as gainers outpaced losers 530 to 370, while 445 counters were unchanged, 931 untraded, and 73 others suspended.

Total turnover decreased to 2.86 billion units worth RM2.36 billion from 3.41 billion units worth RM2.16 billion on Wednesday.

Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said this marked the end of the first-quarter performance with the FBM KLCI increasing by 19.83 points from December 2021 or an increase of 1.3% quarter-on-quarter.

“It seems that 1,600 points is the psychological level to be breached.

“The benchmark index has made several attempts but [is] still struggling. Important events such as the military conflicts in Ukraine appear to be the main stumbling block,” he told Bernama.

Additionally, he said, there was monetary tightening in developed economies such as the United States, the United Kingdom and Canada while China remained adamant to implement the Zero Covid-19 Strategy (ZCS) that had a significant impact on supply chains.

“[This is] not to mention rising crude oil prices. We believe similar factors will continue to affect the market,” he said.

However, the reopening of the borders on Friday would mean economic activities would be livelier and companies’ earnings could be accelerated, said Mohd Afzanizam.

“Again, the FBM KLCI might attempt to breach the 1,600 points in the second quarter of 2022,” he added.

Among the local heavyweights, Malayan Banking Bhd rose six sen to RM8.94, Public Bank Bhd added two sen to RM4.67, Petronas Chemicals Group Bhd and IHH Healthcare Bhd gained four sen each to RM9.60 and RM6.20, respectively, and CIMB Group Holdings Bhd was flat at RM5.33.

Of the actives, Metronic Global Bhd, TWL Holdings Bhd and SMTrack Bhd increased half-a-sen each to two sen, seven sen and eight sen, respectively, while Capital A Bhd fell 1.5 sen to 73.5 sen and Malakoff Corp Bhd dropped half-a-sen to 60 sen.

On the index board, the FBM 70 increased 114.54 points to 13,853.47, the FBM Emas Index perked up 49.92 points to 11,387.32, the FBM Emas Shariah Index climbed 44.06 points to 11,943.35, the FBMT 100 Index bagged 43.61 points to 11,066.11, and the FBM ACE expanded 17.35 points to 5,618.82.

Sector-wise, the Industrial Products and Services Index added 1.44 points to 205.44 and the Financial Services Index jumped 83.94 points to 16,778.59, while the Plantation Index slid 8.49 points to 7,952.98.

The Main Market volume fell to 2.08 billion shares worth RM2.2 billion compared with 2.45 billion shares worth RM1.96 billion on Wednesday.

Warrants turnover dropped to 359.59 million units valued at RM58.62 million against 459.1 million units valued at RM75.7 million.

The ACE Market volume decreased to 404.61 million shares worth RM101.83 million versus 494 million shares worth RM130.79 million previously.

Consumer products and services counters accounted for 342.25 million shares traded on the Main Market, industrial products and services (802.08 billion), construction (59.55 million), technology (126.44 million), SPAC (nil), financial services (102.65 million), property (264.40 million), plantation (42.82 million), REITs (14.59 million), closed/fund (18,900), energy (129.96 million), healthcare (69.13 million), telecommunications and media (58.35 million), transportation and logistics (31.84 million), and utilities (42.77 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends mixed

 

KUALA LUMPUR (March 30): Bursa Malaysia ended mixed on Wednesday (March 30) with the key index almost flat on lack of market catalyst, although the broader market showed a positive tone.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 0.2 of-a-point to 1,583.22 from 1,583.42 at Tuesday’s close.

The index opened 2.13 points higher at 1,585.55 and moved between 1,580.88 and 1,591.4 throughout the trading session.

Market breadth was positive as gainers outpaced losers 521 to 430, while 419 counters were unchanged, 922 untraded, and 88 others suspended.

Total turnover increased to 3.41 billion units worth RM2.16 billion from 2.63 billion units worth RM1.98 billion on Tuesday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said key regional markets ended mostly higher, tracking the upbeat performance on Wall Street overnight, as talks on ending Russia’s war in Ukraine appeared to make progress.

Back home, the FBM KLCI moved in a tight consolidation mode, but it managed to close above the 1,580 support level.

“On a brighter note, regional sentiment has improved and we expect foreign investors to return to the Malaysian equity market given the cheap valuations of our stocks, hence giving more opportunity to bottom fish,” he told Bernama.

Thong said, additionally, the reopening of the international borders beginning this Friday provided a boost to the country's economy and prospects of recovery in some sectors such as real estate investment trust (REIT), tourism, retail, and hospitality.

“As such, we expect the FBM KLCI to move higher for the remainder of the week within the 1,580-1,595 range,” he said.

Regionally, Hong Kong's Hang Seng Index added 1.39% to 22,232.03, South Korea’s Kospi rose 0.21% to 2,746.74, Singapore’s Straits Times Index gained 0.06% to 3,436.04, while Japan's Nikkei 225 fell 0.8% to 28,027.25.

Local heavyweights Malayan Banking Bhd and Petronas Chemicals Group Bhd lost two sen each to RM8.88 and RM9.56 respectively, IHH Healthcare Bhd dropped three sen to RM6.16, while Public Bank Bhd added two sen to RM4.65, and CIMB Group Holdings Bhd inched up one sen to RM5.33.

Of the actives, Metronic Global Bhd and Pegasus Heights Bhd were flat at 1.5 sen and half-a-sen, respectively, Capital A Bhd rose seven sen to 75 sen, BSL Corp Bhd gained two sen to 19 sen, and MY EG Services Bhd was four sen higher at RM1.02.

On the index board, the FBM 70 increased 113.48 points to 13,737.93, FBM Emas Index perked up 18.52 points to 11,337.4, FBM Emas Shariah Index climbed 4.96 points to 11,899.28, FBMT 100 Index rose 20.28 points to 11,022.5, and the FBM ACE expanded 43.08 points to 5,601.47.

Sector-wise, the Industrial Products and Services Index shed 0.15 of-a-point to 204, the Plantation Index slid 26.25 points to 7,961.47, while the Financial Services Index jumped 27.29 points to 16,694.64.

The Main Market volume rose to 2.45 billion shares worth RM1.96 billion compared with 1.8 billion shares worth RM1.81 billion on Tuesday.

Warrants turnover swelled to 459.1 million units valued at RM75.7 million against 298.83 million units valued at RM52.11 million.

The ACE Market volume decreased to 494 million shares worth RM130.79 million versus 534.97 million shares worth RM118.04 million previously.

Consumer products and services counters accounted for 561.6 million shares traded on the Main Market, industrial products and services (868.78 billion), construction (103.69 million), technology (194 million), SPAC (nil), financial services (62.22 million), property (283.93 million), plantation (58.35 million), REITs (11.12 million), closed/fund (55,400), energy (130.81 million), healthcare (69.26 million), telecommunications and media (35.16 million), transportation and logistics (26.76 million), and utilities (51.76 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends lower

 

KUALA LUMPUR (March 29): Bursa Malaysia closed lower as profit taking persisted in most heavyweights led by Malayan Banking Bhd (Maybank), Public Bank Bhd and Petronas Chemicals Group Bhd.

Maybank lost six sen to RM8.90, Public Bank slid four sen to RM4.63 and Petronas Chemicals shed 20 sen to RM9.58.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 14.53 points or 0.91% to 1,583.42 from 1,597.95 at Monday’s close.

The key index opened 0.02 of-a-point lower at 1,597.93 and fluctuated between 1,579.27 and 1,598.21 throughout the trading session.

On the broader market, losers outpaced gainers 430 to 348, while 555 counters were unchanged, 967 untraded, and 35 others suspended.

Total turnover increased to 2.63 billion units worth RM1.98 billion from 2.41 billion units worth RM1.89 billion on Monday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said local equities closed broadly lower as investors continued to take profit, particularly in banking and plantation stocks.

He said the key regional indices were mostly higher, riding on the broadly positive cues from Wall Street overnight with buying interest centred mainly on technology and financial stocks.

“On the domestic front, we believe the benchmark index will stay in consolidation mode on cautious sentiment although foreign buying and bargain-hunting activities may emerge as well.

“As such, we expect the FBM KLCI to remain in a range-bound mode at around 1,575-1,590 for the remainder of the week, with immediate support at 1,580 and resistance at 1,600,” he told Bernama.

Hong Kong's Hang Seng Index added 1.12% to 21,927.63, while Japan's Nikkei 225 gained 1.1% to 28,252.42, and South Korea’s Kospi rose 0.42% to 2,741.07, while Singapore’s Straits Times Index fell 0.2% to 3,425.

Among other heavyweights, IHH Healthcare Bhd slipped 15 sen to RM6.25, CIMB Group Holdings Bhd dipped one sen to RM5.32, Tenaga Nasional Bhd dropped 10 sen to RM9.21, Hong Leong Bank Bhd shed eight sen to RM20.16, while Press Metal Aluminium Holdings Bhd gained 11 sen to RM6.20.

Of the actives, Sapura Energy Bhd and CSH Alliance Bhd added half-a-sen each to four sen and 15 sen, respectively, BSL Corp Bhd lost 1.5 sen to 17 sen, while SMTrack Bhd and Pasukhas Group Bhd eased half-a-sen each to eight sen and two sen, respectively.

On other developments, Axiata Group Bhd fell five sen to RM3.75 following news involving its wholly-owned unit Celcom Axiata Bhd and the latter’s 100%-owned unit Celcom Mobile Sdn Bhd.

The High Court (commercial division) on Tuesday reportedly granted an injunction preventing Celcom Mobile’s 5.25 million shares in Tune Talk Sdn Bhd from being included in the sale of Celcom Axiata to Digi.Com Bhd, under the proposed merger of the two telecommunication companies’ businesses.

On the index board, the FBM 70 declined by 91.69 points to 13,625.44, FBM Emas Index was 89.41 points lower at 11,318.88, FBM Emas Shariah Index dropped 98.34 points to 11,894.32, FBMT 100 Index lost 94.68 points to 11,002.22, and the FBM ACE slid 7.77 points to 5,558.39.

Sector-wise, the Industrial Products and Services Index inched down 0.69 of-a-point to 204.15, the Plantation Index weakened 29.45 points to 7,987.72, and the Financial Services Index slipped 101.23 points to 16,667.35.

The Main Market volume rose to 1.8 billion shares worth RM1.81 billion compared with 1.63 billion shares worth RM1.7 billion on Monday.

Warrants turnover shrank to 298.83 million units valued at RM52.11 million against 390.72 million units valued at RM64.15 million.

The ACE Market volume increased to 534.97 million shares worth RM118.04 million versus 388.23 million shares worth RM123.22 million previously.

Consumer products and services counters accounted for 308.39 million shares traded on the Main Market, industrial products and services (625.3 billion), construction (81.51 million), technology (136.08 million), SPAC (nil), financial services (55.56 million), property (138.39 million), plantation (50.45 million), REITs (73.34 million), closed/fund (140,700), energy (293.72 million), healthcare (36.63 million), telecommunications and media (25.57 million), transportation and logistics (15.44 million), and utilities (29.04 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends lower on lack of buying catalyst

 

KUALA LUMPUR (March 28): Bursa Malaysia ended broadly lower after a lacklustre trading session as investors seemed reluctant to make significant moves due to the absence of buying catalyst, said Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 5.35 points to 1,597.95 from 1,603.3 at Friday’s close.

The key index opened 2.84 points higher at 1,606.14, to record its intraday high, and hit a low of 1,595.37 about 30 minutes before the session ended.

On the broader market, losers surpassed gainers 527 to 339, while 518 counters were unchanged, 924 untraded, and 52 others suspended.

Total turnover decreased to 2.41 billion units worth RM1.89 billion from 2.78 billion units valued at RM2.22 billion last Friday.

Thong said regionally, the key indices were mixed due to different reactions over the lockdown in Shanghai following the resurgence of Covid-19 cases.

Singapore’s Straits Times Index rose 0.51% to 3,431.12, Hong Kong's Hang Seng Index added 1.31% to 21,684.97, while Japan's Nikkei 225 eased 0.73% to 27,943.89 and South Korea’s Kospi shed 0.02% to 2,729.56.

“Investors opine that the lockdown will hit global activity which will worsen the supply chain issue and eventually add to inflationary pressures, while others are taking opportunities to bargain-hunt for stocks, particularly energy and technology stocks.

“As for the local bourse, the FBM KLCI remains in a consolidation mode since the middle of March due to heightened market risks,” he told Bernama.

Thong reckons that geopolitical tensions and supply constraints are likely to dominate investor sentiment this week.

“We believe the market undertone will remain cautious although bargain-hunting activities may prevail.

“As such, we expect the FBM KLCI to move in range bound mode and hover at the 1,590-1,610 range for the week, with immediate resistance at 1,620 and support at 1,580,” he added.

Among the heavyweights, Malayan Banking Bhd rose by six sen to RM8.96, Public Bank Bhd added one sen to RM4.67, Petronas Chemicals Group Bhd bagged 18 sen to RM9.78, while IHH Healthcare Bhd shed 12 sen to RM6.40, CIMB Group Holdings Bhd dipped four sen to RM5.33 and Press Metal Aluminium Holdings Bhd lost 16 sen to RM6.09.

Of the actives, Tanco Holdings Bhd gained eight sen to 32 sen, Hextar Industries Bhd rose 2.5 sen to 32 sen, Dagang NeXchange Bhd shed four sen to RM1.02, BSL Corp Bhd eased 1.5 sen to 18.5 sen, while Prolexus Bhd lost two sen to 69 sen.

On the index board, FBM 70 declined by 93.53 points to 13,717.14, FBM Emas Index was 50 points lower at 11,408.29, FBM Emas Shariah Index dropped 93.93 points to 11,992.66, FBMT 100 Index lost 46.1 points to 11,096.9 and FBM ACE slid 49.12 points to 5,566.16.

Sector-wise, the Industrial Products and Services Index inched down 0.35 of-a-point to 204.84 and the Plantation Index weakened 66.41 points to 8,017.17, while the Financial Services Index rose 24.85 points to 16,768.58.

The Main Market volume declined to 1.63 billion shares worth RM1.7 billion compared with 1.87 billion shares worth RM2 billion last Friday.

Warrants turnover shrank to 390.72 million units valued at RM64.15 million against 459.41 million units valued at RM76 million.

The ACE Market volume dropped to 388.23 million shares worth RM123.22 million versus 457.09 million shares worth RM135.29 million previously.

Consumer products and services counters accounted for 364.39 million shares traded on the Main Market, industrial products and services (502.84 billion), construction (46.06 million), technology (195.82 million), SPAC (nil), financial services (61.03 million), property (194.84 million), plantation (31.99 million), REITs (5.08 million), closed/fund (2,000), energy (105.76 million), healthcare (46.14 million), telecommunications and media (32.27 million), transportation and logistics (19.74 million), and utilities (24.62 million).

 

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends higher for third day running, KLCI stays above 1,600

 

KUALA LUMPUR (March 25): Bursa Malaysia closed broadly higher for a third consecutive day, successfully staying above the key 1,600 level after several attempts previously, as Malaysia's reopening of international borders from April 1, 2022 boosted buying interest in real estate investment trusts, tourism-related counters and consumer products.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 4.33 points to 1,603.3 from 1,598.97 at Thursday’s close.

The barometer index opened 2.34 points easier at 1,596.63, its intraday low, and hit the day's high of 1,603.69 just before the session ended.

On the broader market, gainers outpaced losers 592 to 378, while 429 counters were unchanged, 903 untraded, and 44 others suspended.

Total turnover increased to 2.78 billion units valued at RM2.22 billion from 2.71 billion units valued at RM2.11 billion on Thursday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the FBM KLCI remained in consolidation mode as the focus shifted to small and mid-cap stocks.

“On the domestic front, the benchmark index has broken the 1,600 level and we maintain our cautiously optimistic view on the market on foreign funds support and the cheap valuations of the local market against regional peers,” he told Bernama.

Heavyweights Malayan Banking Bhd lost eight sen to RM8.90, IHH Healthcare Bhd and Petronas Chemicals Group Bhd fell two sen each to RM6.52 and RM9.60 respectively, Tenaga Nasional Bhd slipped three sen to RM9.32, while CIMB Group Holdings Bhd rose 10 sen to RM5.37.

Of the actives, Dagang NeXchange Bhd rose two sen to RM1.06, BSL Corporation Bhd and Cheetah Holdings Bhd shed half-a-sen each to 20 sen and 18 sen, respectively, while AHB Holdings Bhd and Sapura Energy Bhd were flat at 16.5 sen and three sen, respectively.

Top gainers, Malaysian Pacific Industries Bhd jumped RM1.32 to RM38.90, Nestle (Malaysia) Bhd gained 60 sen to RM136.60, Box-Pak (Malaysia) Bhd added 26 sen to RM1.40, Berjaya Food Bhd and Sime Darby Bhd gained 20 sen each to RM3.60 and RM2.54, respectively.

On the index board, the FBM Emas Index went up 47.53 points to 11,458.29, FBM 70 added 109.25 points to 13,810.67, FBMT 100 Index advanced 43.62 points to 11,143, the FBM ACE was 23.09 points better at 5,615.28 and the FBM Emas Shariah Index rose 82.16 points to 12,086.59.

Sector-wise, the Industrial Products and Services Index gained 0.71 of-a-point to 205.19, the Financial Services Index dipped 34.45 points to 16,743.73, and the Plantation Index climbed 48.72 points to 8,083.58.

The Main Market volume inched up to 1.87 billion shares worth RM2 billion compared with 1.86 billion shares worth RM1.94 billion on Thursday. 

Warrants turnover jumped to 459.41 million units valued at RM76 million against 319.28 million units valued at RM53.38 million.

The ACE Market volume dropped to 457.09 million shares worth RM135.29 million versus 524.25 million shares worth RM120.38 million previously.

Consumer products and services counters accounted for 496.96 million shares traded on the Main Market, industrial products and services (490.99 billion), construction (90.42 million), technology (218.68 million), SPAC (nil), financial services (59.63 million), property (138.73 million), plantation (56.57 million), REITs (9.51 million), closed/fund (2,000), energy (169.38 million), healthcare (36.62 million), telecommunications and media (25.33 million), transportation and logistics (20.46 million), and utilities (53.76 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends marginally higher

 

KUALA LUMPUR (March 24): Bursa Malaysia closed higher for a second consecutive day after a relatively quiet but choppy trading session amid a mixed regional market performance as investors remained cautious on the increasing market volatility.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose slightly by 1.09 points to 1,598.97 from 1,597.88 at Wednesday’s close.

The barometer index opened 2.03 points easier at 1,595.85, and moved between 1,593.53 and 1,601.16 throughout the session.

On the broader market, gainers led losers 482 to 429, while 434 counters were unchanged, 957 untraded, and 12 others suspended.

Total turnover declined to 2.71 billion units valued at RM2.11 billion from 3.55 billion units valued at RM2.64 billion on Wednesday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the benchmark index closed 0.06% higher, lifted mainly by gaming and oil and gas stocks.

“However, key regional markets were mostly lower due to overnight losses on Wall Street, while investors are cautious on the increasing market volatility across the region,” he told Bernama.

Meanwhile, he said concerns over Wall Street performance following the persistently high inflation in the US have been elevated since the beginning of Russia-Ukraine tensions which sent energy and other commodity prices even higher.

"Crude oil prices have been volatile on worries that the conflict would exacerbate an already tight market. The fluctuation in prices has been pushing and pulling the broader stock market,” he said.

As for the local bourse, the 1,600 psychological mark remained a hurdle after the FBM KLCI failed to breach and remain above it on several attempts due to strong resistance.

He believes that the benchmark index will stay in consolidation mode for the time being due to cautious sentiment although foreign buying and bargain hunting may emerge as well.

“Nonetheless, we anticipate the FBM KLCI test the 1,600 psychological level again towards the weekend. After breaking the 1,600 level, we shall see the next resistance at 1,620 while support is at 1,580,” he said.

Heavyweights Malayan Banking Bhd added four sen at RM8.98, Petronas Chemicals Group Bhd and CIMB Group Holdings Bhd rose three sen each to RM9.62 and RM5.40 respectively, while Public Bank Bhd and IHH Healthcare Bhd were both flat at RM4.65 and RM6.54, respectively.

Of the actives, CSH Alliance Bhd fell two sen to 14.5 sen, LKL International Bhd reduced half-a-sen to 7.5 sen, Siab Holdings Bhd rose two sen at 23.5 sen, Pasukhas Group Bhd and Velesto Energy Bhd were up half-a-sen each to 2.5 sen and 11 sen, respectively, while Farm Fresh Bhd fell four sen to RM1.66.

Top gainers Nestle (Malaysia) Bhd rose 60 sen to RM136, PMB Technology Bhd added 58 sen to RM17.86, while its warrants were 48 sen higher at RM14.50, Petronas Dagangan Bhd advanced 44 sen to RM21.94, and Aeon Credit Service (M) Bhd increased 30 sen to RM14.50.

On the index board, the FBM Emas Index went up 17.75 points to 11,410.76, FBM 70 added 49.17 points to 13,701.42, FBMT 100 Index advanced 15.09 points to 11,099.38, and the FBM ACE was 9.51 points better at 5,592.19, while FBM Emas Shariah Index lost 1.65 points to 12,004.43.

Sector-wise, the Industrial Products and Services Index gained 0.54 of-a-point to 204.48, the Financial Services Index climbed 29.37 points to 16,778.19, and the Plantation Index lost 13.54 points to 8,034.86.

The Main Market volume fell to 1.86 billion shares worth RM1.94 billion compared with 2.34 billion shares worth RM2.36 billion on Wednesday.

Warrants turnover decreased to 319.28 million units valued at RM53.38 million against 477.69 million units valued at RM74.24 million.

The ACE Market volume dropped to 524.25 million shares worth RM120.38 million versus 730.54 million shares worth RM197.54 million previously.

Consumer products and services counters accounted for 339.84 million shares traded on the Main Market, industrial products and services (812.06 billion), construction (46.89 million), technology (142.43 million), SPAC (nil), financial services (56.69 million), property (111.84 million), plantation (76.82 million), REITs (11.88 million), closed/fund (2,000), energy (160.88 million), healthcare (49.41 million), telecommunications and media (20.91 million), transportation and logistics (13.37 million), and utilities (18.67 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends higher on improved market sentiment

 

KUALA LUMPUR (March 23): Bursa Malaysia closed 0.76% higher Wednesday, boosted by improved market sentiment across the region, as buying support emerged primarily in banking, gaming and glove stocks.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 12.07 points better at 1,597.88 from 1,585.81 at Tuesday’s close.

The key index opened 2.97 points better at 1,588.78 to record its intraday low, and hit a high of 1,601.83 about half an hour before the trading session ended.

On the broader market, gainers thumped losers 701 to 322, while 417 counters were unchanged, 863 untraded, and 13 others suspended.

Total turnover improved to 3.55 billion units valued at RM2.64 billion from 3.09 billion units valued at RM2.84 billion on Tuesday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the local bourse tracked the better performance of regional equities following the overnight gains on Wall Street.

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

For the remainder of the week, Thong anticipated the FBM KLCI to test the 1,600 psychological level.

“After breaking the 1,600 level, we see the next resistance at 1,620 and support at 1,580,” he added.

Regionally, Japan’s Nikkei 225 increased 3% to 28,040.16, Hong Kong’s Hang Seng rose 1.21% to 22,154.08, South Korea's Kospi gained 0.92% to 2,735.05, while Singapore’s Straits Times Index rose 0.42% to 3,364.26.

Local heavyweights Malayan Banking Bhd added 11 sen at RM8.94, Public Bank Bhd and IHH Healthcare Bhd gained three sen each to RM4.65 and RM6.54, respectively, while Petronas Chemicals Group Bhd and Tenaga Nasional Bhd perked up one sen each to RM9.59 and RM9.29, respectively. 

Of the actives, CSH Alliance Bhd and AT Systematization Bhd improved half-a-sen to 16.5 sen and 2.5 sen, respectively, XOX Bhd and Pasukhas Group Bhd were both flat at two sen, respectively, while Fitters Diversified Bhd lost two sen to 15 sen, and Sapura Energy Bhd eased half-a-sen to three sen.

Top gainers, Malaysian Pacific Industries Bhd was RM1.90 higher at RM38, Petronas Dagangan Bhd was 46 sen better at RM21.50, Hong Leong Bank Bhd rose 34 sen to RM20.50, and Sam Engineering & Equipment (M) Bhd put on 30 sen to RM4.88.

On the index board, the FBM Emas Index went up 90.72 points to 11,393.01, FBM Emas Shariah Index gained 91.92 points to 12,006.08, FBM 70 added 115.16 points to 13,652.25, FBMT 100 Index advanced 85.95 points to 11,084.29, and the FBM ACE was 147.27 points better at 5,582.68.

Sector-wise, the Industrial Products and Services Index gained 2.13 points to 203.94, the Financial Services Index went up 162.84 points to 16,748.81, while the Plantation Index lost 4.93 points to 8,048.4.

The Main Market volume rose to 2.34 billion shares worth RM2.36 billion compared with 2.26 billion shares worth RM2.67 billion on Tuesday.

Warrants turnover increased to 477.69 million units valued at RM74.24 million against 369.06 million units valued at RM65.29 million.

The ACE Market volume surged to 730.54 million shares worth RM197.54 million versus 462.95 million shares worth RM110.47 million previously.

Consumer products and services counters accounted for 335.91 million shares traded on the Main Market, industrial products and services (1.06 billion), construction (53.48 million), technology (261.62 million), SPAC (nil), financial services (71.32 million), property (135.9 million), plantation (82.28 million), REITs (7.32 million), closed/fund (10,000), energy (194.69 million), healthcare (63.02 million), telecommunications and media (37.74 million), transportation and logistics (17.65 million), and utilities (14.98 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends mixed

 

KUALA LUMPUR (March 22): Bursa Malaysia ended mixed on Tuesday (March 22) with the barometer index easing 0.09% after going through a choppy trading day, with buying interests spotted mainly in plantation and oil and gas (O&G) counters, while the broader market was slightly positive on mild buying support.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.35 points weaker at 1,585.81 from 1,587.16 at Monday’s close.

After opening 1.63 points easier at 1.585.53, the key index moved between 1,583.97 and 1,591.67 throughout the trading session.

On the broader market, gainers outnumbered losers 504 to 403, while 441 counters were unchanged, 965 untraded, and 24 others suspended.

Total turnover soared to 3.09 billion units valued at RM2.84 billion from 2.44 billion units valued at RM2.27 billion on Monday. 

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said buying interest centred mainly on plantation and O&G counters during the trading session, while profit taking was seen in banking and healthcare stocks.

“The FBM KLCI has been in a consolidation mode since the middle of March as investors were wary of the heightened regional volatility and geopolitical tensions between Russia and Ukraine. We reckon that investor sentiment will remain cautious over the short term, hence, we expect the FBM KLCI to move in a narrow range and hover at the 1,575-1,595 range for the remainder of the week,” he told Bernama.

Thong also said that most key regional indices closed higher as higher commodity prices triggered strong buying interests in energy and materials sectors.

Japan’s Nikkei 225 increased 1.48% to 27,224.11, Hong Kong’s Hang Seng rose 3.15% to 21,889.28, South Korea's Kospi gained 0.89% to 2,710, while Singapore’s Straits Times Index lost 0.11% to 3,351.97.

Meanwhile, Bursa Malaysia heavyweights Malayan Banking Bhd decreased two sen to RM8.83, Public Bank Bhd and IHH Healthcare Bhd were down one sen each to RM4.62 and RM6.51, respectively, CIMB Group Holdings Bhd erased five sen to RM5.30, while Petronas Chemicals Group Bhd rose 18 sen to RM9.58.

Of the actives, market debutant Farm Fresh Bhd added 37 sen to RM1.72, CSH Alliance Bhd perked up one sen to 16 sen, Fitters Diversified Bhd dipped 1.5 sen to 17 sen, AT Systematization Bhd eased half-a-sen to two sen, while Dagang NeXchange Bhd was flat at RM1.03.

Top gainers, Kuala Lumpur Kepong Bhd jumped 72 sen to RM25.70, PMB Technology Bhd was 48 sen higher at RM17.36, Greatech Technology Bhd gained 21 sen to RM4.43, while D&O Green Technology Bhd and Complete Logistic Services Bhd soared 20 sen each to RM4.49 and RM3.29, respectively.

On the index board, the FBM Emas Index went up 14.48 points to 11,302.28, FBM Emas Shariah Index gained 29.15 points to 11,914.16, FBM 70 added 87.7 points to 13,537.09, FBMT 100 Index advanced 9.31 points to 10,998.34, and the FBM ACE was 21.83 points better at 5,435.41.

Sector-wise, the Industrial Products and Services Index shed 1.35 points to 201.81, the Financial Services Index fell 59.61 points to 16,585.97, while the Plantation Index surged 184.47 points to 8,053.33.

The Main Market volume rose to 2.26 billion shares worth RM2.67 billion compared with 1.67 billion shares worth RM2.08 billion on Monday.

Warrants turnover increased to 369.06 million units valued at RM65.29 million against 339.32 million units valued at RM68.21 million.

The ACE Market volume expanded to 462.95 million shares worth RM110.47 million versus 437.34 million shares worth RM122.94 million previously.

Consumer products and services counters accounted for 538.52 million shares traded on the Main Market, industrial products and services (840.64 million), construction (31.95 million), technology (219.89 million), SPAC (nil), financial services (70.33 million), property (179.97 million), plantation (113.16 million), REITs (2.98 million), closed/fund (67,600), energy (167.84 million), healthcare (31.11 million), telecommunications and media (18.64 million), transportation and logistics (19.44 million), and utilities (23.32 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends flat on late foreign buying

 

KUALA LUMPUR (March 18): Bursa Malaysia ended the week on a flattish note following a roller coaster session due to foreign buying during the last minutes of trading, said an analyst.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.02% or 0.38-of-a-point higher at 1,591.26 from 1,590.88 at Thursday’s (March 17) close.

After opening 2.80 points better at 1.593.68, the market bellwether moved between 1,583.25 and 1,594.76 throughout the trading session.

On the broader market, losers outnumbered gainers 468 to 425, while 448 counters were unchanged, 980 untraded and 45 others suspended.

Total turnover decreased to 3.33 billion units valued at RM5.70 billion from 3.34 billion units worth RM3.71 billion on Thursday.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said key regional markets trended mixed as investors were cautious ahead of a telephone call between US President Joe Biden and his Chinese counterpart Xi Jinping on Friday (March 18) to resolve the Russia-Ukraine conflict.

“Back home, we prefer to stay cautious over the short term due to the heightened regional market volatility,” he said.

Meanwhile, Bursa heavyweights Maybank increased four sen to RM9.02, Public Bank added six sen to RM4.69, and Tenaga Nasional recovered 34 sen to RM9.42.

Petronas Chemicals and IHH Healthcare slid two sen each to RM9.40 and RM6.37 respectively and CIMB dipped 12 sen to RM5.36 while Press Metal was flat RM6.35

Of the actives, Sime Darby Property fell two sen to 56 sen, while XOX and AT Systematization were both flat at two sen respectively.

On the index board, the FBM Emas Index was 6.21 points down at 11,268.47, FBM Emas Shariah Index shed 0.38 of-a-point to 11,817.99, FBM 70 retreated 90.11 points to 13,267.98, FBMT 100 Index slipped 13.91 points to 10,976.72, and the FBM ACE narrowed 24.36 points to 5,339.46.

Sector-wise, the Industrial Products and Services Index bagged 0.36 of-a-point to 203.34, the Financial Services Index dropped 63.79 points to 16,731.79, while the Plantation Index gained 82.53 points to 7,909.95.

The Main Market volume was higher at 2.51 billion shares worth RM5.55 billion compared with 2.00 billion shares valued at RM3.40 billion on Thursday.

Warrants turnover slipped to 384.19 million units valued at RM73.84 million against 748.13 million units worth RM130.23 million on Thursday.

The ACE Market volume expanded to 434.72 million shares worth RM85.67 million versus 596.16 million shares valued at RM173.65 million previously.

Consumer products and services counters accounted for 332.59 million shares traded on the Main Market, industrial products and services (432.01 million), construction (90.47 million), technology (305.56 million), SPAC (nil), financial services (248.86 million), property (266.64 million), plantation (96.73 million), REITs (70.09 million), closed/fund (200), energy (212.80 million), healthcare (192.63 million), telecommunications and media (91.13 million), transportation and logistics (13.08 million), and utilities (157.28 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends higher on continued buying support

 

KUALA LUMPUR (March 17): The local equity market continued its upward trajectory with Bursa Malaysia closing 1.24% higher on Thursday (March 17) on buying support across the board except for plantation counters, analysts said. 

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 19.56 points firmer at 1,590.88 from 1,571.32 at Wednesday’s close.

The market bellwether opened 6.24 points higher at 1,577.56, and fluctuated between 1,577.56 and 1,592.9 throughout the trading session.

The broader market was also positive with 756 gainers and 296 losers, while 402 counters were unchanged, 856 untraded, and 14 others suspended.

Total turnover increased to 3.34 billion units worth RM3.71 billion from 2.59 billion units valued at RM2.71 billion on Wednesday. 

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said key regional markets were also in the positive territory, except for Indonesia, following the overnight rally on Wall Street.

He said China and Hong Kong's technology shares soared while investors digested the US Federal Reserve's view that the world's largest economy is strong enough to weather the campaign against high inflation that is now underway.

“On the domestic front, we are cautiously optimistic given the improvement in the local and regional market sentiment accompanied by foreign support.

“Hence, we anticipate the FBM KLCI break the 1,600 psychological level towards the weekend,” Thong told Bernama.

Among gainers, Nestle (Malaysia) Bhd rose 80 sen to RM135.80, Hong Leong Bank Bhd increased 44 sen to RM20.64 and Petronas Dagangan Bhd gained 40 sen to RM20.40.

Meanwhile, heavyweights Malayan Banking Bhd perked up eight sen to RM8.98, Public Bank Bhd added 11 sen to RM4.63, Petronas Chemicals Group Bhd improved 11 sen to RM9.42, CIMB Group Holdings Bhd gained 18 sen to RM5.48, and IHH Healthcare Bhd recovered two sen to RM6.39.

Tenaga Nasional Bhd lost two sen to RM9.08 and Press Metal Aluminium Holdings Bhd declined one sen to RM6.35.

Of the actives, Dagang NeXchange Bhd shed one sen to 99 sen, AT Systematization Bhd and XOX Bhd were both flat at two sen respectively, and Hibiscus Petroleum Bhd was unchanged at RM1.10.

On the index board, the FBM Emas Index was 151.88 points better at 11,274.68, FBM Emas Shariah Index increased 110.21 points to 11,818.37, FBM 70 advanced 267.87 points to 13,358.09, FBMT 100 Index rose 153.51 points to 10,990.63, and the FBM ACE ticked up 94.61 points to 5,363.82.

Sector-wise, the Industrial Products and Services Index bagged 2.82 points to 202.98, the Financial Services Index surged 327.15 points to 16,795.58, while the Plantation Index fell 113.78 points to 7,827.42.

The Main Market volume was higher at 2.00 billion shares valued at RM3.40 billion compared with 1.58 billion shares worth RM2.45 billion on Wednesday.

Warrants turnover expanded to 748.13 million units worth RM130.23 million against 561.52 million units valued at RM110.67 million on Wednesday.

The ACE Market volume swelled to 596.16 million shares valued at RM173.65 million versus 443.32 million shares worth RM141.79 million previously.

Consumer products and services counters accounted for 227.5 million shares traded on the Main Market, industrial products and services (518.87 million), construction (77.07 million), technology (442.13 million), SPAC (nil), financial services (157.25 million), property (105.48 million), plantation (81.82 million), REITs (12.45 million), closed/fund (32,000), energy (170.37 million), healthcare (129.87 million), telecommunications and media (38.66 million), transportation and logistics (17 million), and utilities (25 million).

 

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends at intraday high on bargain hunting

 

KUALA LUMPUR (March 16): Bursa Malaysia ended at its intraday high Wednesday (March 16) as bargain hunting emerged after three days of losses, an analyst said. 

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.89% or 13.91 points firmer at 1,571.32 from 1,557.41 at Tuesday’s close.

The index opened 3.15 points lower at 1,554.26 — its intraday low. 

On the broader market, the local bourse saw 732 gainers and 263 losers, while 378 counters were unchanged, 938 untraded, and 14 others suspended.

Total turnover declined to 2.59 billion units worth RM2.71 billion from 2.69 billion units valued at RM2.50 billion on Tuesday. 

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said key regional indices were higher as investors took opportunities to bargain hunt for cheaper stocks following the recent selldown.

“As for the local bourse, we expect bargain hunting to continue given the cheap valuations of local stocks, continuous inflow of foreign investors and improving macroeconomic situation in the country.

“However, investors should stay alert on the increasing market risks and volatility and external uncertainties,” he told Bernama.

As such, Thong said the FBM KLCI was expected to trade within the 1,560-1,580 range for the remainder of the week.

“On a technical perspective, the immediate resistance is seen at 1,580 and support at 1,540,” he added.

Among the gainers, heavyweights Press Metal Aluminium Holdings Bhd rose 24 sen to RM6.36, Malayan Banking Bhd added 23 sen to RM8.90 and CIMB Group Holdings Bhd perked up 21 sen to RM5.30.

Other heavyweights, Public Bank Bhd improved four sen to RM4.52, Petronas Chemicals Group Bhd increased 11 sen to RM9.31, Tenaga Nasional Bhd gained eight sen to RM9.10, while IHH Healthcare Bhd fell three sen to RM6.37. 

As for the most actives, Dagang NeXchange Bhd bagged eight sen to RM1, BSL Corporation Bhd eased half-a-sen to 21 sen, Widad Group Bhd and Pasukhas Group Bhd were both flat at 34 sen and two sen respectively, and Hibiscus rose eight sen to RM1.10.

On the index board, the FBM ACE rose 130.5 points to 5,269.21, FBM 70 was 313.18 points higher at 13,090.22, FBM Emas Index increased 145.27 points to 11,122.8, FBMT 100 Index perked up 130.93 points to 10,837.12, and the FBM Emas Shariah Index improved 167.34 points to 11,753.17.

Sector-wise, the Financial Services Index advanced 155.87 points to 16,468.43, the Industrial Products and Services Index ticked up 3.97 points to 200.16, and the Plantation Index climbed 36.62 points to 7,941.2.

The Main Market volume was lower at 1.58 billion shares valued at RM2.45 billion compared with 1.7 billion shares worth RM2.28 billion on Tuesday.

Warrants turnover fell to 561.52 million units worth RM110.67 million against 606.38 million units valued at RM135.38 million on Tuesday.

The ACE Market volume expanded to 443.32 million shares valued at RM141.79 million versus 384.06 million shares worth RM91.19 million previously.

Consumer products and services counters accounted for 183.87 million shares traded on the Main Market, industrial products and services (446.25 million), construction (107.59 million), technology (296.23 million), SPAC (nil), financial services (116.37 million), property (74.17 million), plantation (77.11 million), REITs (13.27 million), closed/fund (10,500), energy (140.23 million), healthcare (66.57 million), telecommunications and media (30.51 million), transportation and logistics (13.08 million), and utilities (21.39 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia closes lower on lack of buying interest

 

KUALA LUMPUR (March 15): Bursa Malaysia closed lower on lack of buying interest while investors continue to take profit on oil and gas, plantation and technology stocks, said an analyst.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.64% or 10.03 points weaker at 1,557.41 from 1,567.44 at Monday’s close.

After opening 2.54 points lower at 1,564.9, the benchmark index fluctuated between 1,554.17 and 1,566.74 throughout the trading session.

On the broader market, the local bourse saw 759 losers and 234 gainers, while 356 counters were unchanged, 952 untraded and 14 others suspended.

Total turnover widened to 2.69 billion units valued at RM2.5 billion compared with 2.51 billion units valued at RM2.22 billion on Monday.  

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said key regional indices were also in the red with Hong Kong’s Hang Seng Index falling 5.72% due to heavy selldown on technology stocks while the Shanghai Stock Exchange Composite Index lost 4.95% due to resurgence of Covid-19 in Shenzhen, resulting in a full lockdown of the city.

Japan's Nikkei 225, however, gained 1.37% thanks to falling crude oil price.

“On the domestic front, we reckon investor sentiment to be cautious for the short term due to the heightened regional market volatility.

“Nonetheless, we foresee any further dips may attract some bargain-hunting activities due to attractive valuations and continuous strong foreign inflow,” Thong said.

He said the benchmark index is likely to trade within the range of 1,550-1,570 for the remainder of the week.

“Technically, immediate support for the benchmark index would be seen at 1,540 with resistance at 1,590,” he added. 

Bursa heavyweights Petronas Chemicals Group Bhd dipped 39 sen to RM9.20 and Press Metal Aluminium Holdings Bhd shed 16 sen to RM6.12. 

Other heavyweights Malayan Banking Bhd rose five sen to RM8.97, Public Bank Bhd improved four sen to RM4.48, CIMB Group Holdings Bhd improved two sen to RM5.09, Tenaga Nasional Bhd gained six sen to RM9.02, while IHH Healthcare Bhd was flat at RM6.40. 

As for the actives, Dagang NeXchange Bhd gave up six sen to 92 sen, Bumi Armada Bhd weakened 2.5 sen to 37.5 sen and Hibiscus Petroleum Bhd fell nine sen to RM1.02.

On the index board, FBM ACE shed 82.38 points to 5,138.71, FBM 70 narrowed 193.01 points to 12,777.04, FBM Emas Index declined 102.8 points to 10,977.53, FBMT 100 Index slid 88.6 points to 10,706.19, and FBM Emas Shariah Index dropped 169.7 points to 11,540.82.

Sector-wise, the Financial Services Index gained 55.35 points to 16,312.56, the Industrial Products and Services Index eased 5.73 points to 196.19, and the Plantation Index fell 146.32 points to 7,904.58.

The Main Market volume was lower at 1.70 billion shares worth RM2.28 billion from 1.72 billion shares worth RM2.04 billion previously.

Warrants turnover expanded to 606.38 million units valued at RM135.38 million against 433.75 million units valued at RM72.63 million on Monday.

The ACE Market volume declined to 384.06 million shares worth RM91.19 million versus 352.27 million shares worth RM106.9 million on Monday.

Consumer products and services counters accounted for 270.61 million shares traded on the Main Market, industrial products and services (424.61 million), construction (58.78 million), technology (230.94 million), SPAC (nil), financial services (91.05 million), property (81.43 million), plantation (105.98 million), REITs (6.81 million), closed/fund (45,500), energy (272.53 million), healthcare (100.23 million), telecommunications and media (23.62 million), transportation and logistics (17.93 million), and utilities (18.90 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends marginally lower

 

KUALA LUMPUR (March 14): Bursa Malaysia closed marginally lower as selling pressure in most indices was cushioned by some buying interest, led by healthcare and financial stocks, amidst mixed regional peers, analysts said. 

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.05% or 0.78 of-a-point easier at 1,567.44 from 1,568.22 at Friday’s close.

The market bellwether opened 2.48 points higher at 1,570.7 and fluctuated between 1,556.1 and 1,572.6 throughout the day.

The overall market breadth was negative with 637 losers and 317 gainers, while 368 counters were unchanged, 979 untraded, and 13 others suspended.

Total turnover widened to 2.51 billion units valued at RM2.22 billion against 2.41 billion units worth RM2.27 billion on Friday. 

Rakuten Trade Sdn Bhd vice president of Equity Research Thong Pak Leng said after a roller-coaster trading day, investors took profit during the last minutes of trading, particularly in oil and gas and plantation stocks.

Regionally, key indices were mixed with Japan’s Nikkei 225 rising by 0.58%, while Hong Kong's Hang Seng Index and Shanghai's Stock Exchange Composite Index declined by 4.97% and 2.6%, respectively, due to Covid-19 resurgence and heavy selldown in technology stocks.

“Back home, cautious sentiments may prevail in view of external factors, nevertheless, we believe the FBM KLCI would be well supported by foreign funds.

“Notwithstanding the heightened volatility, we expect the benchmark index to move in the 1,560-1,580 range for the week, with immediate support at 1,540 and resistance at 1,590,” Thong told Bernama. 

Of the heavyweights, Malayan Banking Bhd added one sen to RM8.92, Public Bank Bhd rose four sen to RM4.44, Petronas Chemicals Group Bhd slipped 11 sen to RM9.59, IHH Healthcare Bhd shed one sen to RM6.40, Press Metal Aluminium Holdings Bhd lost 22 sen to RM6.28 and CIMB Group Holdings Bhd improved 22 sen to RM5.07. 

As for the actives, Velesto Energy Bhd and Fitters Diversified Bhd were down half-a-sen each to 10.5 sen and 16.5 sen, respectively, and Hibiscus Petroleum Bhd gave up seven sen to RM1.11.

On the index board, FBM ACE dipped 37.39 points to 5,22.09, FBM 70 narrowed 102.69 points to 12,970.05, FBM Emas Index shed 34.26 points to 11,080.33, FBMT 100 Index slid 22.43 points to 10,794.79, and FBM Emas Shariah Index fell 52.36 points to 11,710.52.

Sector-wise, the Financial Services Index recovered 7.19 points to 16,257.21, the Industrial Products and Services Index eased 2.77 points to 201.92, and the Plantation Index declined 153.8 points to 8,050.9.

The Main Market volume widened to 1.72 billion shares worth RM2.04 billion from 1.55 billion shares valued at RM2.06 billion on Friday.

Warrants turnover expanded to 433.75 million units valued at RM72.63 million against 429.58 million units worth RM63.94 million previously.

The ACE Market volume declined to 352.27 million shares worth RM106.9 million versus 432.33 million shares valued at RM138.94 million on Friday.

Consumer products and services counters accounted for 244.46 million shares traded on the Main Market, industrial products and services (400.84 million), construction (89.58 million), technology (171.87 million), SPAC (nil), financial services (63.69 million), property (98.9 million), plantation (129.08 million), REITs (93.71 million), closed/fund (76,500), energy (255.62 million), healthcare (162.17 million), telecommunications and media (64.4 million), transportation and logistics (14.65 million), and utilities (22.54 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends lower on persistent profit taking

 

KUALA LUMPUR (March 11): Bursa Malaysia closed lower as profit taking persisted on the broader market amidst weak sentiment shrouding most regional peers, a dealer said.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) erased 0.78% or 12.31 points to 1,568.22 from 1,580.53 at Thursday’s close

Earlier, the market bellwether opened 5.39 points weaker at 1,575.14, and fluctuated between 1,560.63 and 1,575.14 throughout the trading session.

However, the overall market breadth was almost even with 450 gainers and 449 losers, while 413 counters were unchanged, 990 untraded, and 14 others suspended.

Total turnover fell to 2.41 billion units worth RM2.27 billion against 3.08 billion units worth RM3.4 billion on Thursday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the local bourse was weaker as investors took profits on oil and gas as well as plantation counters amid heightened regional volatility.

“Regionally, key indices were also lower due to mixed sentiment amid fears of inflation and geopolitical tensions,” he told Bernama.

He further explained that investors also digested US economic data which recorded the highest inflation in 40 years, driving the country's bond yields higher and raised expectations that interest rate hikes would be steeper.

According to news reports, US inflation rose 7.9% in February compared with a year ago, the highest in four decades, with prices bound to get worse as the geopolitical tension between Russia and Ukraine intensifies.

Back home, Bursa Malaysia heavyweights Malayan Banking Bhd, Public Bank Bhd and Press Metal Aluminium Holdings Bhd all shed four sen each to RM8.91, RM4.40 and RM6.51 respectively, IHH Healthcare Bhd fell one sen to RM6.41, while Petronas Chemicals Group Bhd added eight sen to RM9.70.

As for the actives, Dagang NeXchange Bhd and SMTrack Bhd slipped half-a-sen each to 99.5 sen and 9.5 sen respectively, Hibiscus Petroleum Bhd and Bumi Armada Bhd slid two sen each to RM1.18 and 40 sen respectively, while MY EG Services Bhd added four sen to 97.5 sen.

On the index board, the FBM ACE rose 24.43 points to 5,258.48, FBM 70 climbed 47.62 points to 13,072.74, FBM Emas Index declined 53.39 points to 11,114.59, FBMT 100 Index shrank 58.26  points to 10,817.22, and the FBM Emas Shariah Index dipped 33.47 points to 11,762.88.

Sector-wise, the Financial Services Index dropped 96.37 points to 16,250.02, while the Industrial Products and Services Index eased 0.9 of-a-point to 204.69, and the Plantation Index slipped 44.18 points at 8,204.7.

The Main Market volume fell to 1.55 billion shares worth RM2.06 billion from 2.15 billion shares worth RM3.2 billion on Thursday.

Warrants turnover expanded to 429.58 million units worth RM63.94 million compared with 365.44 million units worth RM52.11 million previously.

The ACE Market volume declined to 432.33 million shares valued at RM138.94 million versus 568.92 million shares valued at RM158.05 million on Thursday.

Consumer products and services counters accounted for 214.88 million shares traded on the Main Market, industrial products and services (408.93 million), construction (48.12 million), technology (327.14 million), SPAC (nil), financial services (78.1 million), property (91.34 million), plantation (98.43 million), REITs (5.88 million), closed/fund (23,000), energy (172.12 million), healthcare (61.1 million), telecommunications and media (22.39 million), transportation and logistics (12.46 million), and utilities (14.78 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia settles higher, tracking sentiment across region

 

KUALA LUMPUR (March 10): Bursa Malaysia extended earlier gains to finish higher on Thursday (March 10) due to improving market sentiment across the region and the broadly positive cues overnight from Wall Street, a dealer said.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.16% or 18.2 points to 1,580.53 from 1,562.33 at Wednesday's close. 

The barometer index, which opened 8.38 points stronger at 1,570.71, moved between 1,567.77 and 1,581.27 throughout the session on Thursday.

Overall market breadth remained positive with gainers outpacing decliners 608 to 421, while 382 counters were unchanged, 876 untraded and 13 others suspended.

Total turnover declined to 3.08 billion units worth RM3.4 billion against 3.5 billion units worth RM3.51 billion at Wednesday's close.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said key indices remained on an upward trajectory in line with regional peers amid slightly easing worries about inflation following a drop in commodity prices.

“Japan's Nikkei 225 and Hong Kong’s Hang Seng surged 3.94% and 1.27% respectively as investors are optimistic amid the ongoing talks to diffuse the Russia-Ukraine crisis,” he added. 

As for the local bourse, he said the FBM KLCI continued to trend higher as investors were also exuberant on the plan of reopening international borders on April 1, 2022.

“We are cautiously optimistic given the improvement on the local market sentiment and foreign support but investors are staying alert on the increasing market risks, volatility as well as external uncertainties,” he pointed out.

As such, Thong anticipated the FBM KLCI to trend within the range of 1,570-1,590 towards the weekend with immediate resistance at 1,600 with support at 1,570.

Bursa Malaysia heavyweights Public Bank Bhd added 12 sen to RM4.52, Malayan Banking Bhd and CIMB Group Holdings Bhd expanded 14 sen to RM8.95 and RM5.03 respectively, Maxis Bhd increased 15 sen to RM4.17 and Tenaga Nasional Bhd appreciated 18 sen to RM9.

As for the actives, Dagang NeXchange Bhd fell five sen to RM1, Hibiscus Petroleum Bhd eased 14 sen to RM1.20, Dataprep Holdings Bhd declined three sen to 33.5 sen, Fitters Diversified Bhd shed half-a-sen to 17 sen, while SMTrack Bhd rose 1.5 sen to 10 sen.

On the index board, the FBM ACE firmed 39.66 points to 5,234.05, FBM 70 climbed 205.92 points to 13,025.12, FBM Emas Index accumulated 124.81 points to 11,167.98, FBMT 100 Index expanded 135.14 points to 10,875.48, and FBM Emas Shariah Index widened 72.61 points to 11,796.35.

Sector-wise, the Financial Services Index soared 338.77 points to 16,346.39, while the Industrial Products and Services Index dipped 2.34 points to 205.59, and the Plantation Index slipped 179.94 points at 8,248.88.

The Main Market volume fell to 2.15 billion shares worth RM3.20 billion from 2.34 billion shares worth RM3.26 billion on Wednesday.

Warrants turnover narrowed to 365.44 million units worth RM52.11 million compared with 443.64 million units worth RM64.24 million previously.

The ACE Market volume declined to 568.92 million shares valued at RM158.05 million versus 716.38 million shares valued at RM180.38 million on Wednesday.

Consumer products and services counters accounted for 288.03 million shares traded on the Main Market, industrial products and services (513.31 million), construction (56.95 million), technology (428.48 million), SPAC (nil), financial services (125.09 million), property (114.18 million), plantation (131.84 million), REITs (7.77 million), closed/fund (12,400), energy (271.45 million), healthcare (106.42 million), telecommunications and media (59.14 million), transportation and logistics (21.33 million), and utilities (24.23 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia snaps three days of losses to end higher

 

KUALA LUMPUR (March 9): Bursa Malaysia snapped a three-day losing streak to end higher on Wednesday (March 9) as bargain hunting emerged in selected heavyweights led by Hong Leong Bank Bhd, Petronas Chemicals Group Bhd, and Sime Darby Plantation Bhd. 

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) expanded 1%, or 15.46 points, to 1,562.33 from 1,546.87 at Tuesday's close. 

The barometer index, which opened 3.45 points better at 1,550.32, moved between 1,543.91 and 1,568 throughout the session on Wednesday.

Overall market breadth was positive with gainers beating decliners 799 to 272, while 344 counters were unchanged, 858 untraded, and 11 others suspended.

Total turnover shrank to 3.5 billion units worth RM3.51 billion against 3.96 billion units worth RM3.77 billion at Tuesday's close.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the reopening of Malaysia's borders on April 1, 2022 lifted market sentiment.

However, he said key regional markets trended mixed due to cautious sentiment after broadly negative cues overnight from Wall Street, amid the continued spike in crude oil prices.

“Investors are cautious of further inflationary pressures as China's February consumer price index data came in at 0.6%, much higher than the market estimates and the prior figure of 0.3%,” he told Bernama. 

Meanwhile, Japan has reported quarterly gross domestic product growth of 1.1%, which came in lower than the market expectation of 1.4%.

“Back home, we expect market sentiment to remain cautious due to the increasing market volatility and external uncertainties,” he said. 

He anticipated the FBM KLCI to hover within the 1,550-1,570 range for the remaining of the week with immediate support at 1,550 and resistance at 1,570.

Bursa Malaysia heavyweights Hong Leong Bank added 30 sen to RM19.90, Petronas Chemicals gained 27 sen to RM9.97, Sime Darby Plantation rose 25 sen to RM5.30, Malayan Banking Bhd crept up one sen to RM8.81 and Public Bank Bhd expanded 10 sen to RM4.40. 

As for the actives, SMTrack Bhd lost two sen to 8.5 sen, Dagang NeXchange Bhd firmed 11.5 sen to RM1.05, Dataprep Holdings Bhd bagged 10 sen to 36.5 sen, VinVest Capital Holdings Bhd inched up one sen to 25.5 sen and Hibiscus Petroleum Bhd recovered three sen to RM1.34.

On the index board, the FBM ACE added 169.45 points to 5,194.39, FBM 70 soared 353.9 points to 12,819.2, FBM Emas Index jumped 164.85 points to 11,043.17, FBMT 100 Index expanded 146.54 points to 10,740.34, and FBM Emas Shariah Index widened 168.98 points to 11,723.74.

Sector-wise, the Financial Services Index improved 237.25 points to 16,007.62, the Industrial Products and Services Index climbed 4.74 points to 207.93, and the Plantation Index appreciated 178.65 points at 8,428.82.

The Main Market volume shrank to 2.34 billion shares worth RM3.26 billion from 2.69 billion shares worth RM3.53 billion on Tuesday.

Warrants turnover expanded to 443.64 million units worth RM64.24 million compared with 415.13 million units worth RM54.08 million previously.

The ACE Market volume reduced to 716.38 million shares valued at RM180.38 million versus 853.14 million shares valued at RM181.68 million on Tuesday.

Consumer products and services counters accounted for 315.29 million shares traded on the Main Market, industrial products and services (578.71 million), construction (79.72 million), technology (474.72 million), SPAC (nil), financial services (89.9 million), property (137.8 million), plantation (230.6 million), REITs (11.13 million), closed/fund (15,000), energy (248.42 million), healthcare (101.48 million), telecommunications and media (29.85 million), transportation and logistics (28.5 million), and utilities (20.42 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends lower for third straight day

 

KUALA LUMPUR (March 8): Bursa Malaysia closed lower for the third consecutive trading day on Tuesday (March 8) on continued selling pressure, with all indices in the negative territory, tracking developments in the Russia-Ukraine crisis, a dealer said.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 1.63% or 25.69 points to 1,546.87 from 1,572.56 at Monday's close.

The index, which opened 6.11 points weaker at 1,566.45, moved between 1,540.9 and 1,566.84 throughout the trading session.

Overall market breadth was negative with losers beating gainers 794 to 272, while 368 counters were unchanged, 838 untraded, and 11 others suspended.

Total turnover fell to 3.96 billion units worth RM3.77 billion against 4.35 billion units worth RM3.75 billion on Monday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said key regional peers were also in the red, following the broadly negative cues from Wall Street overnight on concerns about the outlook for inflation as crude oil prices surged to a 14-year high, with global benchmark Brent crude at US$130 per barrel.

Back home, he said the FBM KLCI was down again due to heavy selling, weighed down by broad-based regional weaknesses.

Japan's Nikkei 225 slipped 1.71% to 24,790.95, Hong Kong’s Hang Seng Index went down 1.39% to 20,765.87, China's SSE Composite Index fell 2.35% to 3,293.53, and Singapore’s Straits Times Index declined 1.22% to 3,148.86.

“Nevertheless, we foresee any further dips may attract bargain hunting, hence we reckon the local index to move at between 1,540 and 1,560 range for the remainder of the week,” he told Bernama.

On a technical perspective, Thong expects the immediate support at 1,520 and resistance at 1,570.

Heavyweights Malayan Banking Bhd rose one sen to RM8.80, Public Bank Bhd lost one sen to RM4.30, Petronas Chemicals Group Bhd shed 40 sen to RM9.70, Press Metal Aluminium Holdings Bhd gave up 31 sen to RM6.79, and IHH Healthcare Bhd slid seven sen to RM6.38.

As for the actives, SMTrack Bhd slipped 6.5 sen to 10.5 sen, Hibiscus Petroleum Bhd decreased three sen to RM1.31, Dagang NeXchange Bhd gained half-a-sen to 93.5 sen, Ta Win Holdings Bhd was flat at 13.5 sen, and MY EG Services Bhd shed two sen to 89 sen.

On the index board, the FBM ACE dipped 123.68 points to 5,024.94, FBM 70 narrowed 293.23 points to 12,465.3, FBM Emas Index shed 195.51 points to 10,878.32, FBMT 100 Index slid 191.23 points to 10,593.8, and FBM Emas Shariah Index contracted 271.67 points to 11,554.76.

Sector-wise, the Financial Services Index erased 171.35 points to 15,770.37, the Industrial Products and Services Index eased 6.38 points at 203.19, and the Plantation Index declined 111.81 points to 8,250.17.

The Main Market volume shrank to 2.69 billion shares worth RM3.53 billion from 3.1 billion shares worth RM3.49 billion on Monday.

Warrants turnover declined to 415.13 million units worth RM54.08 million compared with 441.5 million units worth RM54.56 million previously.

The ACE Market volume increased to 853.14 million shares valued at RM181.68 million versus 795.77 million shares valued at RM204.82 million on Monday.

Consumer products and services counters accounted for 463.12 million shares traded on the Main Market, industrial products and services (698.55 million), construction (76.6 million), technology (472.77 million), SPAC (nil), financial services (132.12 million), property (204.04 million), plantation (166.75 million), REITs (11.3 million), closed/fund (100,700), energy (282.82 million), healthcare (72.7 million), telecommunications and media (30.42 million), transportation and logistics (41.04 million), and utilities (39.58 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia succumbs to heavy selling pressure to end broadly lower

 

KUALA LUMPUR (March 7): Heavy selling across the board dragged Bursa Malaysia down by 1.96% in tandem with the downtrend in regional bourses as the Russian-Ukraine tensions continued to hurt investor sentiment, a dealer said.

The FBM KLCI earlier fell 38.37 points to its intraday low of 1,565.57 at 4.28pm, before gathering steam following nibbling on selected heavyweights led by Nestle (Malaysia) Bhd, Sime Darby Plantation Bhd and MISC Bhd to end off its low.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 31.38 points to 1,572.56 from 1,603.94 at Friday’s close.

The barometer index opened 2.33 points firmer at 1,606.27 and hit an intraday high of 1,606.56 before succumbing to persistent selling pressure for most of the day.

Overall market breadth was negative with losers thumping gainers 1,085 to 152, while 234 counters were unchanged, 792 untraded, and 10 others suspended

Total turnover rose to 4.35 billion units worth RM3.75 billion against 3.44 billion units valued at RM3.29 billion last Friday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said worries about the Ukraine crisis seemed to have overshadowed the Labour Department report that showed the United States' employment once again jumped more than expected in February.

“Regionally, key indices closed mostly lower with Hong Kong's Hang Seng and Japan's Nikkei slumping 3.87% and 2.94%, respectively due to fears [of] the impact on the global economy caused by Russia’s invasion of Ukraine,” he told Bernama.

Meanwhile, he said Brent crude oil breached US$130 (RM543.08) per barrel at one point on Monday before hovering around the level in the last few days.

“Hence, we reckon inflationary pressure to play a pivotal role in the coming weeks.

“As for the local bourse, the FBM KLCI is testing its immediate support level of 1,570, however, if this level is broken, the next support level will be seen at 1,550, followed by 1,520,” he said.

At the moment, he added, the market will remain cautious given the increasing volatility and market risk, although bargain hunting may emerge as well.

“After taking these factors into consideration, we see the index moving within the 1,560-1,580 range for the week,” he said.

Heavyweights Malayan Banking Bhd fell 21 sen to RM8.79, CIMB Group Holdings Bhd lost 20 sen to RM4.87, Public Bank Bhd eased 11 sen to RM4.31, IHH Healthcare Bhd dipped 15 sen to RM6.45, and MR DIY Group (M) Bhd declined 13 sen to RM3.46.

As for the actives, Dagang NeXchange Bhd erased nine sen to 93 sen, SMTrack Bhd decreased 2.5 sen to 17 sen, Hibiscus Petroleum Bhd rose 10 sen to RM1.34, and Bumi Armada Bhd was flat at 45 sen.

On the index board, the FBM ACE slumped 359.44 points to 5,148.62, FBM 70 dipped 428.66 points to 12,758.53, FBM Emas Index fell 267.68 points to 11,073.83, FBMT 100 Index slipped 246.1 points to 10,785.03, and FBM Emas Shariah Index contracted 252.94 points to 11,826.43.

Sector-wise, the Financial Services Index gave up 451.51 points to 15,941.72, the Industrial Products and Services Index weakened 3.65 points at 209.57, and the Plantation Index reduced 185.52 points to 8,361.98.

The Main Market volume shrank to 3.1 billion shares worth RM3.49 billion from 3.44 billion shares worth RM3.29 billion on Friday.

Warrants turnover widened to 441.5 million units worth RM54.56 million compared with 374.88 million units worth RM41.36 million previously.

The ACE Market volume increased to 795.77 million shares valued at RM204.82 million versus 689.71 million shares valued at RM213.64 million on Friday.

Consumer products and services counters accounted for 409.13 million shares traded on the Main Market, industrial products and services (854.51 million), construction (145.14 million), technology (422.8 million), SPAC (nil), financial services (137.52 million), property (245.16 million), plantation (212.2 million), REITs (11.66 million), closed/fund (63,500), energy (478.67 million), healthcare (76.02 million), telecommunications and media (35.14 million), transportation and logistics (35.65 million), and utilities (43.73 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia falls on March 4, as worries over Ukraine nuclear disaster spook investors

 

KUALA LUMPUR (March 4): Bursa Malaysia ended lower on Friday (March 4) due to profit-taking activities across the board amid the weaker regional market sentiment on reports that Russia has seized a Ukrainian nuclear power plant, the largest in Europe, a dealer said.

Markets in the region were also spooked by earlier reports that a building in the nuclear complex had caught fire during fighting between Russian and Ukrainian forces, although the latest report is that the fire had been extinguished.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 14.6 points to 1,603.94, from 1,618.54 at Thursday (March 3)'s close.

The barometer index, which opened 2.54 points lower at 1,616.00, moved between 1,598.17 and 1,616.28  throughout the trading session.

The broader market was negative, with decliners beating gainers 849 to 239, while 341 counters were unchanged, 811 untraded, and nine others suspended.

Turnover improved to 3.44 billion units valued at RM3.29 billion, from Thursday’s 3.43 billion units valued at RM3.76 billion.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the Russia-Ukraine crisis has continued to hurt market sentiment, following fighting at Europe’s largest nuclear power station in Ukraine, with reports that a building had caught fire and that Russia has seized control of the plant.

“Investors are also worried that sanctions imposed on Russia, along with the subsequent surge in oil prices, could derail economic recovery even as the US Federal Reserve prepares to begin raising interest rates,” he told Bernama.

Despite the market correction, the FBM KLCI remains well supported to stay above the 1,600 level, he added.

Among the heavyweights, Maybank lost 12 sen to RM9.0, Public Bank eased one sen to RM4.42, Petronas Chemicals gained four sen to RM10.04, Press Metal stayed at RM7.22, and IHH Healthcare rose three sen to RM6.60. 

Of the actives, SMTrack slid half-a-sen to 19.5 sen, Dagang NeXchange shed six sen to RM1.02 and China Automobile gained one sen to two sen. 

On the index board, FBM ACE was down 168.53 points to 5,508.06, FBM 70 reduced 250.90 points to 13,187.19, FBM Emas Index fell 136.16 points to 11,341.51, FBMT 100 Index slipped 123.061 points to 11,031.13, and FBM Emas Shariah Index contracted 162.28 points to 12,079.37.

Sector-wise, the Financial Services Index gave up 114.25 points to 16,393.23, the Industrial Products and Services Index was 1.10 points weaker at 213.22, and the Plantation Index reduced 235.08 points to 8,547.51.

The Main Market volume expanded to 3.44 billion shares worth RM3.29 billion, from 2.55 billion shares worth RM3.53 billion on Thursday.

Warrants turnover rose to 374.88 million units worth RM41.36 million, compared with 326.85 million units worth RM37.66 million on Thursday.

The ACE Market volume widened to 689.71 million shares valued at RM213.64 million, versus 547.28 million shares valued at RM186.60 million previously.

Consumer products and services counters accounted for 268.13 million shares traded on the Main Market, industrial products and services (751.93 million), construction (109.24 million), technology (295.17 million), SPAC (nil), financial services (85.86 million), property (165.26 million), plantation (245.81 million), REITs (7.69 million), closed/fund (86,500), energy (275.41 million), healthcare (70.51 million), telecommunications and media (30.15 million), transportation and logistics (34.22 million), and utilities (33.70 million).

 

Source: The Edge

Market Daily Report: FBM KLCI closes up 1.66 points at 1,598.10

 

KUALA LUMPUR (March 2): Shares on Bursa Malaysia were mostly down in line with the weaker regional market performance and overnight sell-down on Wall Street, a dealer said.

However, the FBM KLCI rebounded on late buying interest, mainly driven by plantation, and industrial product and services stocks amid the surge in oil prices.

At 5pm on Wednesday (March 2), the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 0.10% or 1.66 points to 1,598.10 from 1,596.44 at Tuesday's (March 1) close.

The index, which opened 4.69 points better at 1,601.13, moved between 1,592.62 and 1,606.38 throughout the trading session.

On the broader market, losers thumped gainers 607 to 406, while 378 counters were unchanged, 856 untraded, and 18 others suspended.

Turnover improved to 3.23 billion units valued at RM3.68 billion from Tuesday’s 3.21 billion units worth RM3.25 billion.

At the time of writing, Brent Crude was 6.05% higher at US$111.32 per barrel.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said crude oil price surged even though the US and International Energy Agency had agreed to release 60 million barrels of crude reserves to restrain price increases.

“Investors are also concerned about aggressive US Federal Reserve interest rate hikes in the next few months due to the worsening geopolitical conflict,” he told Bernama.

As for the local bourse, Thong reckoned that investor sentiment would be cautious for the short term due to the heightened regional market volatility as a result of the geopolitical tensions.

“Nonetheless, we believe the overall outlook would remain positive due to attractive valuations and continuous strong foreign inflow.

“We reckon that oil and gas stocks to remain a short-term play due to the higher crude oil prices and anticipate the FBM KLCI to hover within the 1,590-1,610 range for the remainder of the week,” he said.

Among heavyweights, Maybank improved four sen to RM8.94, Petronas Chemicals added 17 sen to RM9.77, Press Metal gained 28 sen to RM7.07, Sime Darby Plantation rose 31 sen to RM5.22, while Public Bank eased one sen to RM4.41.

Of the actives, SMTrack lost half-a-sen to 22 sen, while Hibiscus Petroleum and Bumi Armada stayed at RM1.22 and 46.5 sen respectively.

On the index board, FBM ACE dipped 118.46 points to 5,753.89, FBM 70 gained 54.88 points to 13,465.14, FBM Emas Index rose 1.62 points to 11,372.47, FBMT 100 Index decreased 0.74 of-a-point to 11,048.74, and FBM Emas Shariah Index widened 49.08 points to 12,140.57.

Sector-wise, the Financial Services Index gave up 95.10 points to 16,353.57, the Industrial Products and Services Index was 2.54 points firmer at 212.36, and the Plantation Index climbed 286.22 points to 8,610.04.

The Main Market volume declined to 2.31 billion shares worth RM3.47 billion from 2.20 billion shares worth RM3.02 billion on Tuesday.

Warrants turnover rose to 362.36 million units worth RM47.14 million compared with 330.69 million units worth RM40.15 million yesterday.

The ACE Market volume narrowed to 554.21 million shares valued at RM168.42 million versus 680.13 million shares valued at RM188.22 million previously.

Consumer products and services counters accounted for 269.17 million shares traded on the Main Market, industrial products and services (519.16 million), construction (87.13 million), technology (220.94 million), SPAC (nil), financial services (152.83 million), property (184.00 million), plantation (360.81 million), REITs (5.64 million), closed/fund (24,000), energy (395.64 million), healthcare (38.40 million), telecommunications and media (19.86 million), transportation and logistics (33.25 million), and utilities (24.82 million).

 

Source: The Edge