Market Daily Report: Bursa Malaysia closes marginally firmer on continued buying of blue chips

 

KUALA LUMPUR (April 29): Bursa Malaysia ended slightly higher in volatile trading on Friday (April 29), boosted by continued buying support in selected heavyweight counters such as gaming, oil and gas, as well as plantation stocks.

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) climbed 3.12 points, or 0.2%, to 1,600.43 from Thursday’s close of 1,597.31.

The benchmark index opened 4.71 points higher at 1,602.02 and moved between 1,595.78 and 1,605.02 throughout the day.

On the broader market, gainers outpaced decliners 566 to 390, while 448 counters were unchanged, 884 untraded, and 67 others suspended.

Total turnover rose to 2.81 billion units worth RM2.07 billion from 2.48 billion units worth RM2.19 billion on Thursday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said key regional markets maintained their uptrend on the strong buying of technology stocks following big gains on Nasdaq overnight.

As for the local bourse, the 1,600 psychological mark has remained a hurdle due to strong resistance.

“We see a quiet trading week ahead due to the Hari Raya and Labour Day holidays. We also expect some profit-taking activities to emerge given the strong resistance at 1,600,” he told Bernama.

Additionally, Thong said investors could look into the winners of the digital banking licence such as RHB Bank Bhd, Aeon Credit Service (M) Bhd, and YTL Corp Bhd for trading opportunities.

Earlier, Bank Negara Malaysia (BNM) announced that five consortia, namely Boost Holdings Bhd-RHB Bank Bhd, GXS Bank Pte Ltd-Kuok Brothers Sdn Bhd, Sea Ltd-YTL Digital Capital Sdn Bhd, AEON Financial Service Co Ltd-AEON Credit Service (M) Bhd-MoneyLion Inc, and KAF Investment Bank Sdn Bhd, have been awarded Malaysia’s digital bank licences.

At 5pm, RHB Bank rose six sen to RM6.25, Aeon Credit went up 30 sen to RM15.90 and YTL added four sen to 63.5 sen.

Among the heavyweight counters, Malayan Banking Bhd gained three sen to RM9.07, Petronas Chemicals Group Bhd increased 12 sen to RM10.22, CIMB Group Holdings Bhd inched up one sen to RM5.20, while Public Bank Bhd lost two sen to RM4.69 and IHH Healthcare Bhd slid four sen to RM6.61.

Of the actives, PUC Bhd slipped 3.5 sen to 7.5 sen, both Techna-X Bhd and MNC Wireless Bhd bagged half-a-sen to 12.5 sen and three sen respectively, Euro Holdings Bhd went up 3.5 sen to 21 sen and MN Holdings Bhd was one sen higher at 24.5 sen.

On the index board, FBM 70 added 60.91 points to 13,772.18, FBM Emas Index gained 30.6 points to 11,466.08, FBMT 100 Index increased 28.13 points to 11,120.5 and FBM Emas Shariah Index climbed 31.75 points to 12,022.28, while FBM ACE dropped 7.1 points to 5,578.67.

Sector-wise, the Financial Services Index advanced 15.34 points to 16,926.8, the Industrial Products and Services Index was 0.61 of-a-point better at 210.03, and the Plantation Index improved 36.1 points to 8,821.01.

Main Market volume was marginally lower at 1.66 billion shares worth RM1.83 billion compared with 1.67 billion shares worth RM1.98 billion on Thursday.

The turnover for warrants widened to 473.01 million units valued at RM95.58 million against 268.65 million units valued at RM46.96 million.

ACE Market volume jumped to 674.39 million shares worth RM135.61 million versus 544.68 million shares worth RM160.1 million previously.

Consumer products and services counters accounted for 391.07 million shares traded on the Main Market, industrial products and services (369.4 million), construction (68.2 million), technology (144.4 million), SPAC (nil), financial services (61.4 million), property (130.56 million), plantation (78.19 million), REITs (16.89 million), closed/fund (51,600), energy (229.28 million), healthcare (28.24 million), telecommunications and media (31.15 million), transportation and logistics (21.53 million), and utilities (93.14 million).

Bursa Malaysia Bhd and its subsidiaries will be closed on May 2, 2022 (Monday) in conjunction with the Labour Day replacement holiday and will also be closed for two more days on May 3 and 4 (Tuesday and Wednesday) in conjunction with the Hari Raya Aidilfitri holidays.

Bursa Malaysia and its subsidiaries will resume operations on May 5, 2022 (Thursday).

 

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends higher on bargain hunting, improving regional sentiment

 

KUALA LUMPUR (April 28): Bursa Malaysia ended broadly higher on Thursday (April 28) due to improving market sentiment across the region, said an analyst.

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 11.33 points, or 0.71% firmer at 1,597.31 from Wednesday’s close of 1,585.98.

The benchmark index opened 7.64 points higher at 1,593.62 and moved between 1,590.17 and 1,600.6 throughout the day.

On the broader market, gainers outpaced decliners 584 to 354, while 436 counters were unchanged, 916 untraded, and 82 others suspended.

Total turnover rose marginally to 2.48 billion units worth RM2.19 billion from 2.21 billion units worth RM1.89 billion on Wednesday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said regionally, key indices trended higher as investors took the opportunity to pick up stocks at a bargain after the recent sell-off.

The China State Council's pledge to stabilise employment at its latest meeting also helped lift investor sentiment, he added.

Locally, the FBM KLCI trended higher due to continuous foreign buying, particularly in the plantation, gaming, and banking sectors.

“We see the benchmark index remaining sideways despite the bargain hunting today (April 28) due to strong resistance at 1,600,” he told Bernama.

Thong remains cautious given the growing market volatility.

“Hence, we believe some profit taking will take place and expect the FBM KLCI to trend within the narrow range of between 1,590-1,600 towards the weekend,” he said.

Among the heavyweight counters, Malayan Banking Bhd added six sen to RM9.04, Public Bank Bhd was flat at RM4.17, Petronas Chemicals Group Bhd gained 18 sen to RM10.10, IHH Healthcare Bhd improved eight sen to RM6.65 and CIMB Group Holdings Bhd went up four sen to RM5.19.

Of the actives, MN Holdings Bhd increased 2.5 sen to 23.5 sen, Techna-X Bhd rose one sen to 12 sen, Tanco Holdings Bhd bagged 3.5 sen to 34 sen, Anzo Holdings Bhd lost two sen to 1.5 sen, while Sapura Energy Bhd was flat at 3.5 sen.

On the index board, FBM 70 added 182.48 points to 13,711.27, FBM Emas Index gained 97.68 points to 11,435.48, FBMT 100 Index increased 94.69 points to 11,092.37 and FBM Emas Shariah Index climbed 108.58 points to 11,990.53, while FBM ACE expanded 15 points to 5,585.77.

Sector-wise, the Financial Services Index advanced 111.44 points to 16,911.46, the Industrial Products and Services Index was 3.25 points better at 209.42, and the Plantation Index improved 66.72 points to 8,784.91.

Main Market volume was marginally higher at 1.67 billion shares worth RM1.98 billion compared with 1.63 billion shares worth RM1.73 billion on Wednesday.

Warrants' turnover widened to 268.65 million units valued at RM46.96 million against 229.22 million units valued at RM43.5 million.

ACE Market volume jumped to 544.68 million shares worth RM160.1 million versus 351.21 million shares worth RM120.22 million previously.

Consumer products and services counters accounted for 256.63 million shares traded on the Main Market, industrial products and services (423.55 million), construction (72.03 million), technology (147.07 million), SPAC (nil), financial services (83.51  million), property (150.36 million), plantation (119.35 million), REITs (14.4 million), closed/fund (66,000), energy (300.89 million), healthcare (37.15 million), telecommunications and media (22.66 million), transportation and logistics (21.12 million), and utilities (25.18 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends lower amid mixed regional market

 

KUALA LUMPUR (April 27): Bursa Malaysia closed broadly lower on selling in heavyweights led by Petronas Chemicals Group Bhd and Press Metal Aluminium Holdings Bhd, amid a mixed regional market performance due to uncertainties and heightened market volatility, dealers said.

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 10.7 points or 0.67% lower to 1,585.98 from Tuesday’s close of 1,596.68.

The index opened 5.03 points weaker at 1,591.65 and moved between 1,585.17 and 1,593.34 throughout the day.

Market breadth was broadly negative with losers surpassing gainers 645 to 300, while 425 counters were unchanged, 921 untraded, and 43 others suspended.

Total turnover fell marginally to 2.21 billion units worth RM1.89 billion from 2.25 billion units worth RM1.92 billion on Tuesday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the key regional markets ended mixed due to mixed sentiment amid the increasing global market risks.

Shanghai’s SSE Composite meanwhile rebounded strongly to close higher as investors took the opportunity to bargain hunt for cheaper stocks following the recent selldown.

“On the domestic front, we expect the FBM KLCI to remain in consolidation mode over the short term due to many uncertainties and heightened market volatility.

“We foresee the benchmark index to move within the 1,580-1,600 range for the remaining week with immediate resistance at 1,615 and support at 1,580,” he told Bernama.

Thong said that additionally, the index is seemingly quite well supported at the 1,580 level, hence he expects the accumulation of stocks to persist on dips.

Across the region, the Singapore Straits Times Index fell 0.07% to 3,319.82, Japan’s Nikkei 225 dipped 1.17% to 26,386.63, South Korea's Kospi decreased 1.1% to 2,639.06, while Shanghai’s SSE Composite soared 2.49% to 2,958.28, and Hong Kong’s Hang Seng Index was marginally higher by 0.06% to 19,946.36.

On the local bourse, heavyweights Malayan Banking Bhd gained three sen to RM8.98, Public Bank Bhd fell one sen to RM4.71, Petronas Chemicals was down 30 sen to RM9.92, IHH Healthcare Bhd slipped eight sen to RM6.57, and CIMB Group Holdings Bhd lost four sen to RM5.15.

Of the actives, Cheetah Holdings Bhd rose three sen to 20.5 sen, Vizione Holdings Bhd added one sen to 10.5 sen and its warrants gained half-a-sen to two sen, while both Techna-X Bhd and Dagang NeXchange Bhd were flat at 11 sen and RM1.02, respectively.

On the index board, the FBM Emas Index was 83.32 points weaker at 11,337.8, FBM Emas Shariah Index trimmed 112.41 points to 11,881.95, FBM 70 dropped 119.32 points to 13,528.79, FBMT 100 Index dipped 79.45 points to 10,997.68, and the FBM ACE lost 47.64 points to 5,570.77.

Sector-wise, the Industrial Products and Services Index declined 3.96 points to 206.17, the Plantation Index went down 70.27 points to 8,718.19, and the Financial Services Index fell 34.47 points to 16,800.02.

Main Market volume rose to 1.63 billion shares worth RM1.73 billion compared with 1.46 billion shares worth RM1.76 billion on Tuesday.

Warrants turnover shrank to 229.22 million units valued at RM43.5 million against 351.29 million units valued at RM52.98 million.

ACE Market volume dwindled to 351.21 million shares worth RM120.22 million versus 431.23 million shares worth RM111.73 million previously.

Consumer products and services counters accounted for 358.12 million shares traded on the Main Market, industrial products and services (361.13 million), construction (192.43 million), technology (174.46 million), SPAC (nil), financial services (59.26  million), property (151.17 million), plantation (77.57 million), REITs (6.61 million), closed/fund (147,200), energy (158.62 million), healthcare (30.9 million), telecommunications and media (24.39 million), transportation and logistics (19.31 million), and utilities (15.97 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends higher

 

KUALA LUMPUR (April 26): Bursa Malaysia closed broadly higher as investors took the opportunity to bargain hunt for cheaper stocks following Monday's decline.

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 6.7 points or 0.42% to 1,596.68 from Monday’s close of 1,589.98.

The index opened 9.74 points firmer at 1,599.72 and moved between 1,592.47 and 1,602.69 throughout the day.

On the broader market, gainers beat losers 506 to 393, while 455 counters were unchanged, 936 untraded, and 27 others suspended.

Total turnover fell to 2.25 billion units worth RM1.92 billion from 3.13 billion units worth RM2.63 billion on Monday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the key regional markets were mixed despite positive cue on Wall Street overnight as investors were wary of the Covid-19 situation in Shanghai, China, which may spur further lockdowns.

“Back home, we remain cautious over the short term due to the heightened regional market volatility,” he told Bernama.

Meanwhile, Thong said the 1,600 level remained a strong resistance for the FBM KLCI.

Moreover, he said the broad market sentiment was still jittery and anxious that an aggressive pace of the US Federal Reserve's tightening could hinder the global economic recovery and growth.

“As such, we expect the benchmark index to remain sideways, hovering at the 1,580-1,600 range for the remainder of the week, with immediate resistance at 1,615 and support at 1,580,” he added.

Across the region, the Singapore Straits Times Index fell 0.53% to 3,322.05, Shanghai’s SSE Composite sank 1.44% to 2,886.43, Japan’s Nikkei 225 rose 0.41% to 26,700.11, South Korea's Kospi increased 0.42% to 2,668.31, and Hong Kong’s Hang Seng Index climbed 0.33% to 19,934.71.

On the local bourse, heavyweights Malayan Banking Bhd gained six sen to RM8.95, Public Bank Bhd rose one sen to RM4.72, Petronas Chemicals Group Bhd inched up 10 sen to RM10.22, IHH Healthcare Bhd added nine sen to RM6.65, and CIMB Group Holdings Bhd perked up three sen to RM5.19.

Of the actives, Techna-X Bhd, Yong Tai Bhd and Sapura Energy Bhd were all flat at 11 sen, 10.5 sen and four sen, respectively, MNC Wireless Bhd lost half-a-sen to 2.5 sen, while Widad Group Bhd added half-a-sen to 36 sen.

On the index board, the FBMT 100 Index gained 55.47 points to 11,077.13, the FBM Emas Index was 55.52 points higher at 11,421.12, the FBM Emas Shariah Index climbed 52.29 points to 11,994.36, the FBM 70 jumped 105.05 points to 13,648.11, and the FBM ACE put on 35.5 points to 5,618.41.

Sector-wise, the Financial Services Index advanced 91.93 points to 16,834.49, the Industrial Products and Services Index perked up 0.01 of-a-point to 210.13 but the Plantation Index slid 59.13 points to 8,788.46.

Main Market volume eased to 1.46 billion shares worth RM1.76 billion compared with 2.06 billion shares worth RM2.39 billion on Monday.

Warrants turnover shrank to 351.29 million units valued at RM52.98 million against 445.72 million units valued at RM76.56 million.

ACE Market volume dwindled to 431.23 million shares worth RM111.73 million versus 620.59 million shares worth RM159.18 million previously.

Consumer products and services counters accounted for 257.93 million shares traded on the Main Market, industrial products and services (381.7 million), construction (77.36 million), technology (99.87 million), SPAC (nil), financial services (61.27 million), property (174.81 million), plantation (87.17 million), REITs (5.18 million), closed/fund (43,600), energy (220.17 million), healthcare (38.38 million), telecommunications and media (16.15 million), transportation and logistics (27.54 million), and utilities (18.66 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends at day's low on bearish sentiment

 

KUALA LUMPUR (April 25): Bursa Malaysia ended broadly lower on Monday (April 25) on persistent selling in selected heavyweights amid bearish sentiment surrounding regional stock markets.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) declined 11.99 points or 0.75% to end at its intraday low of 1,589.98 from last Friday’s close of 1,601.97.

The FBM KLCI opened 2.59 points easier at 1,599.38, which was the day's high, and lost steam further to end at its intraday low at closing.

Losers trounced gainers by 876 to 236, while 303 counters were unchanged, 884 untraded, and 25 others suspended.

Total turnover rose to 3.13 billion units worth RM2.63 billion from 2.64 billion units worth RM2.56 billion on Friday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said key regional markets ended sharply lower with Shanghai’s SSE Composite Index and Hong Kong’s Hang Seng Index falling by 5.13% and 3.73%, respectively, as investors weighed on China’s Covid-19 situation and imminent rate hike concerns in the US.

He said as for the FBM KLCI, the 1,600-psychological mark remained a hurdle after failing to sustain on several attempts due to strong resistance.

“We believe, should the FBM KLCI be able to sustain above the 1,600-mark for a longer period, the outlook of the benchmark index will be positive in the mid term.

“For now, we reckon the short-term market sentiment will remain jittery amid the weak regional performance although bargain hunting may prevail,” he told Bernama.

Thong anticipated the FBM KLCI to move sideways, within the 1,580-1,600 range for the week, with immediate support at 1,580 and resistance at 1,615.

“Additionally, we see Indonesia's palm oil export ban to be a buying opportunity for local plantation players for the moment,” he added.

Last Friday, the world's top palm oil producer announced that it planned to ban exports of the most widely used vegetable oil starting April 28 — a shocking move that could further inflame surging global food inflation.

Across the region, Singapore Straits Times Index fell 0.59% to 3,341.34, Shanghai’s SSE Composite plunged 5.13% to 2,928.51, Japan’s Nikkei 225 fell 1.9% to 26,590.78, South Korea's Kospi slipped 1.76% to 2,657.13, and Hong Kong’s Hang Seng Index dipped 3.73% to 19,869.34.

On the local bourse, heavyweights Malayan Banking Bhd and IHH Healthcare Bhd lost five sen each to RM8.89 and RM6.56, respectively, Public Bank Bhd slipped one sen to RM4.71, Petronas Chemicals Group Bhd slid 18 sen to RM10.12, and Press Metal Aluminium Holdings Bhd was down 26 sen to RM6.17.

Of the actives, Techna-X Bhd rose half-a-sen to 11 sen, Vizione Holdings Bhd and TWL Holdings Bhd eased half-a-sen each to 10 sen and 8.5 sen, respectively, Siab Holdings Bhd erased four sen to 21.5 sen, while Matang Bhd was flat at 11.5 sen.

On the index board, the FBMT 100 Index decreased 106.34 points to 11,021.65, the FBM Emas Index was 118.46 points weaker at 11,365.6, the FBM Emas Shariah Index lost 147.13 points to 11,942.07, the FBM 70 dropped 225.53 points to 13,543.06, while the FBM ACE slipped 142.45 points to 5,582.91.

Sector-wise, the Financial Services Index slumped 105.64 points to 16,742.55, the Industrial Products and Services Index eased 4.63 points to 210.12, while the Plantation Index garnered 249.72 points to 8,847.59.

Main Market volume was higher at 2.06 billion shares worth RM2.39 billion compared with 1.75 billion shares worth RM1.84 billion last Friday.

Warrants turnover advanced to 445.72 million units valued at RM76.56 million against 355.93 million units valued at RM49.7 million.

The ACE Market volume swelled to 620.59 million shares worth RM159.18 million versus 524.63 million shares worth RM167.65 million previously.

Consumer products and services counters accounted for 245.64 million shares traded on the Main Market, industrial products and services (478.7 million), construction (189.86 million), technology (208.6 million), SPAC (nil), financial services (62.2 million), property (198.83 million), plantation (335.69 million), REITs (7.79 million), closed/fund (6,000), energy (211.25 million), healthcare (32.12 million), telecommunications and media (23.77 million), transportation and logistics (35.22 million), and utilities (32.75 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends higher on April 22, KLCI a whisker above key 1,600 level

 

KUALA LUMPUR (April 22): Bursa Malaysia closed the week higher on bargain hunting in selected heavyweights, with the barometer index ending just a whisker above the key 1,600 level, despite weak market sentiment across the region.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.65 points or 0.22% to 1,601.97 on Friday (April 22), from Thursday’s close of 1,598.32.

The market bellwether opened 0.25 of-a-point easier at 1,598.07 and moved between 1,594.72 and 1,603.32 throughout the day.

However, on the broader market, losers beat gainers 538 to 385 while 418 counters were unchanged, 960 untraded, and 25 others suspended.

Total turnover fell to 2.64 billion units worth RM2.56 billion, from 2.84 billion units worth RM2.03 billion on Thursday.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said that the key indices were mostly lower regionally, following the overnight selldown on Wall Street, as the US Federal Reserve chairman Jerome Powell suggested more aggressive interest rate hikes to curb inflation.

“Back home, we believe the local market will face some headwinds amid heightened regional market volatility.

“As such, we expect the index to hover at the 1,590-1,610 range for next week with immediate support at 1,580 and resistance at 1,620,” he told Bernama.

Across the region, the Singapore Straits Times Index added 0.38% to 3,361.11, Shanghai’s SSE Composite increased 0.23% to 3,086.92, while Japan’s Nikkei 225 fell 1.63% to 27,105.26, South Korea's Kospi decreased 0.86% to 2,704.71, and Hong Kong’s Hang Seng Index dipped 0.21% to 20,638.52.

On the local bourse, heavyweights Maybank rose six sen to RM8.94, Public Bank added five sen to RM4.72, IHH Healthcare gained seven sen to RM6.61, Petronas Chemicals lost eight sen to RM10.30, and Press Metal slid 16 sen to RM6.43.

Of the actives, Techna-X, TWL and Vizione were flat at 10.5 sen, nine sen and 10.5 sen respectively, while Ta Win and MNC Wireless fell half-a-sen each to 15.5 sen and 2.5 sen respectively.

On the index board, the FBMT 100 Index increased 4.35 points to 11,127.99, the FBM Emas Index was 0.24 of-a-point weaker at 11,484.06, the FBM Emas Shariah Index lost 45.28 points to 12,089.20, the FBM 70 dropped 80.06 points to 13,768.59, while the FBM ACE slipped 78.13 points to 5,725.36.

Sector-wise, the Financial Services Index improved 136.33 points to 16,848.20, the Industrial Products and Services Index eased 1.80 points to 214.75, and the Plantation Index fell 7.22 points to 8,597.87.

The Main Market volume was marginally lower at 1.75 billion shares worth RM1.84 billion, compared with 1.93 billion shares worth RM1.85 billion on Thursday. 

Warrants turnover advanced to 355.93 million units valued at RM49.70 million, against 323.97 million units valued at RM43.56 million.

The ACE Market volume declined to 524.63 million shares worth RM167.65 million, versus 582.92 million shares worth RM142.39 million previously.

Consumer products and services counters accounted for 294.06 million shares traded on the Main Market, industrial products and services (422.46 million), construction (111.76 million), technology (199.19 million), SPAC (nil), financial services (95.02 million), property (256.36 million), plantation (40.86 million), REITs (10.12 million), closed/fund (nil), energy (233.58 million), healthcare (34.93 million), telecommunications and media (11.39 million), transportation and logistics (26.63 million), and utilities (22.63 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia snaps losing streak to end higher on April 20

 

KUALA LUMPUR (April 20): Bursa Malaysia snapped a three-day losing streak to end higher on Wednesday (April 20) on bargain hunting particularly in plantation, construction and financial services counters, said an analyst.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 12.61 points or 0.79% to 1,593.75, from Monday (April 18)’s close of 1,581.14.

The barometer index opened 4.68 points firmer at 1,585.82 and moved between 1,584.87 and 1,597.07 throughout the day.

Market breadth was also positive, with advancers surpassing decliners at 573 versus 386, with 411 counters unchanged, 901 untraded, and 26 others suspended.

Total turnover increased to 3.11 billion units worth RM2.60 billion from 2.44 billion units worth RM1.57 billion on Monday.

The market was closed on Tuesday (April 19), in conjunction with the Nuzul Al-Quran holiday.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said, regionally, the key indices are seemingly on a recovery path following a rebound in the US markets.

Meanwhile, the strict restrictions on movements in several parts of China to curb the spread of the Covid-19 infections have also raised supply chain concerns.

On the domestic front, the bourse's performance was in tandem with most regional peers which saw a mixed performance.

“Should the momentum continue, we expect the benchmark index to test the 1,600 level again. This psychological mark remains a hurdle after failing to breach it on several attempts due to strong resistance,” he told Bernama.

Thong reiterated that if the FBM KLCI is able to sustain above the 1,600-point mark for a longer period, the outlook for the benchmark index will be positive in the mid-term.

“With continuous buying from foreign funds, we expect the index to trade within the 1,590-1,610 range for the remaining week,” he added.

Regionally, the Singapore Straits Times Index added 0.96% to 3,338.99, Japan’s Nikkei 225 rose 0.86% to 27,217.85, while South Korea's Kospi shed 0.01% to 2,718.69, Shanghai’s SSE Composite fell 1.35% to 3,151.05, and Hong Kong’s Hang Seng Index dipped 0.40% to 20,944.67.

On the local bourse, heavyweights Maybank gained five sen to RM8.80, Public Bank added two sen to RM4.65, IHH Healthcare jumped 12 sen to RM6.52, Press Metal increased one sen to RM6.55, while Petronas Chemicals lost 10 sen to RM10.30.

Of the actives, Cengild bagged 3.5 sen to 50 sen, Permaju rose half-a-sen to 9.5 sen, TWL was flat at 9.5 sen, while MNC Wireless shed one sen to 2.5 sen, and Pappajack dropped two sen to 52 sen.

On the index board, the FBMT 100 Index increased 89.17 points to 11,094.28, the FBM Emas Index was 93.07 points firmer at 11,449.98, the FBM Emas Shariah Index bagged 117.38 points to 12,131.57, the FBM 70 climbed 116.69 points to 13,822.12, and the FBM ACE ticked up 90.52 points to 5,809.89.

Sector-wise, the Financial Services Index improved 87.96 points to 16,578.40, the Industrial Products and Services Index edged up 0.34 of-a-point to 215.18, and the Plantation Index put on 244.02 points to 8,607.38.

The Main Market volume rose to 1.86 billion shares worth RM2.34 billion, compared with 1.68 billion shares worth RM1.35 billion on Monday. 

Warrants turnover swelled to 354.06 million units valued at RM59.61 million, against 95.99 million units valued at RM7.33 million.

The ACE Market volume surged to 892.13 million shares worth RM206.19 million, versus 667.08 million shares worth RM213.31 million previously.

Consumer products and services counters accounted for 306.66 million shares traded on the Main Market, industrial products and services (499.94 million), construction (147.53 million), technology (158.59 million), SPAC (nil), financial services (97.30 million), property (246.86 million), plantation (119.07 million), REITs (11.42 million), closed/fund (nil), energy (148.68 million), healthcare (38.80 million), telecommunications and media (28.10 million), transportation and logistics (40.37 million), and utilities (21.50 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends at intraday low, KLCI down 0.49%

 

KUALA LUMPUR (April 18): Bursa Malaysia ended in the negative territory for the third straight trading session on Monday (April 18) amid mixed performance in regional markets as stocks succumbed to selling pressure. 

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended at its intraday low of 1,581.14, down 7.87 points or 0.5%, against Friday’s close of 1,589.01.

The barometer index hit an intraday high of 1,591.64 in the early morning trading session.

On the broader market, losers outpaced gainers 558 to 314 with 397 counters unchanged, 980 untraded, and 24 others suspended.

Total turnover increased to 2.44 billion units worth RM1.57 billion from 2.15 billion units worth RM1.41 billion last Friday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the local equities continued to decline due to lack of buying interest, amid continuous selling pressure due to weak regional sentiment.

Regionally, the key indices were mostly lower as higher oil prices and Treasury yields heightened worries about inflation.

On a positive note, China's first-quarter 2022 gross domestic product grew faster than expected, rising 4.8%, which was above the expected 4.4% year-on-year increase.

"As for the local bourse, despite the cautious market undertone, we expect bargain hunting will prevail given the cheap valuations of local stocks. Moreover, the positive China economic data will potentially attract more funds to be channelled into the region, which will cause a spillover effect to the local equity market as well,” he told Bernama. 

"As such, we expect the FBM KLCI to move within the 1,580-1,600 range for the week, with immediate resistance at 1,600 and support at 1,580,” he added.

Regionally, the Singapore Straits Times Index fell 0.98% to 3,303.07, South Korea's Kospi shed 0.11% to 2,693.21, while Shanghai’s SSE Composite eased 0.49% to 3,192.52.

Japan’s Nikkei slid 1.08% to 26,799.71 while Hong Kong’s Hang Seng Index climbed 0.67% to 21,518.08.

On the local bourse, heavyweights Malayan Banking Bhd and Public Bank Bhd slipped four sen to RM8.75 and RM4.63, respectively, Petronas Chemicals Group Bhd added eight sen to RM10.40, Press Metal Aluminium Holdings Bhd gained two sen to RM6.54, while IHH Healthcare Bhd was flat at RM6.40.

Of the actives, Techna-X Bhd rose one sen to 10.5 sen, Cengild Medical Bhd increased 13.5 sen to 46.5 sen, Permaju Industries Bhd inched up half-a-sen to nine sen, and Hextar Industries Bhd was up three sen to 37.5 sen, while Key Alliance Group Bhd was flat at one sen.

On the index board, the FBMT 100 Index decreased 56.22 points to 11,005.11, FBM Emas Index was 56.79 points weaker at 11,356.91, FBM 70 slipped 75.92 points to 13,705.43, while the FBM Emas Shariah Index fell 33.38 points to 12,014.19 and the FBM ACE dipped 67.02 points to 5,719.48.

Sector-wise, the Industrial Products and Services Index edged up 0.37 of-a-point to 214.84 and the Plantation Index slid 8.09 points to 8,363.36, while the Financial Services Index slumped 145.56 points to 16,490.44.

Main Market volume rose to 1.68 billion shares worth RM1.35 billion compared with 1.49 billion shares worth RM1.26 billion last Friday. 

Warrants turnover dwindled to 95.99 million units valued at RM7.33 million against 113.66 million units valued at RM9.52 million.

ACE Market volume jumped to 667.08 million shares worth RM213.31 million versus 546.98 million shares worth RM140.99 million previously.

Consumer products and services counters accounted for 369.2 million shares traded on the Main Market, industrial products and services (453.51 million), construction (93.76 million), technology (123.74 million), SPAC (nil), financial services (51.29 million), property (194.22 million), plantation (42.88 million), REITs (4.96 million), closed/fund (nil), energy (260.78 million), healthcare (30.98 million), telecommunications and media (15.29 million), transportation and logistics (25.35 million), and utilities (17.14 million).

Bursa Malaysia Bhd and its subsidiaries will be closed on Tuesday (April 19) in conjunction with the Nuzul Al-Quran holiday.

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends lower in sync with regional peers

 

 

KUALA LUMPUR (April 15): Bursa Malaysia finished trading on an easier note on Friday (April 15) in sync with most key regional bourses. 

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 6.69 points, or 0.42%, to end at its intraday low of 1,589.01 compared with Thursday’s close of 1,595.7.

The barometer index hit an intraday high of 1,596.62 in the early morning trading session after opening 0.88 of-a-point firmer at 1,596.58.

On the broader market, losers outpaced gainers 487 to 310 with 448 counters unchanged, 1,007 untraded, and 27 others suspended.

Total turnover decreased to 2.15 billion units worth RM1.41 billion from 3.32 billion units worth RM2.0 billion on Thursday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the index continued to close in negative territory mainly due to continuous selling pressure amid weak sentiment across the region.

“Key regional markets closed broadly lower following negative performance on Wall Street. Meanwhile, the lockdown in Shanghai due to Covid-19 outbreaks and the war in Ukraine are weighing on sentiment,” he told Bernama.

Regionally, the Singapore Straits Times Index fell 0.19% to 3,335.85, South Korea's Kospi shed 0.76% to 2,696.06 while Shanghai’s SSE Composite eased 0.45% to 3,211.24.

Japan’s Nikkei was 0.29% easier at 27,093.19 but Hong Kong’s Hang Seng Index climbed 0.67% to 21,518.08.

On the local bourse, heavyweights Malayan Banking Bhd slid four sen to RM8.79, IHH Healthcare Bhd slipped 12 sen to RM6.40, Press Metal Aluminium Holdings Bhd lost eight sen to RM6.52, Public Bank Bhd was flat at RM4.67, while Petronas Chemicals Group Bhd rose six sen to RM10.32.

Of the actives, Datasonic Group Bhd added three sen to 52.5 sen, both Key Alliance Group Bhd and MNC Wireless Bhd were flat at one sen and 3.5 sen, respectively, while Tanco Holdings Bhd shed 6.5 sen to 37 sen, and China Ouhua Winery Holdings Ltd eased half-a-sen to 7.5 sen.

On the index board, the FBMT 100 Index decreased 40.23 points to 11,061.34, FBM Emas Index was 40.99 points weaker at 11,413.7, FBM 70 reduced 24.33 points to 13,781.35, while the FBM Emas Shariah Index fell 47.81 points to 12,047.57 and the FBM ACE dipped 59.82 points to 5,786.5.

Sector-wise, the Industrial Products and Services Index edged down 0.1 of-a-point to 214.47, the Financial Services Index declined 43.58 points to 16,636, and the Plantation Index slid 109.64 points to 8,355.27.

Main Market volume fell to 1.49 billion shares worth RM1.26 billion compared with 2.07 billion shares worth RM1.78 billion on Thursday. 

Warrants turnover dwindled to 113.66 million units valued at RM9.52 million against 256.9 million units valued at RM42.18 million on Thursday.

ACE Market volume slumped to 546.98 million shares worth RM140.99 million versus 996.2 million shares worth RM175.7 million previously.

Consumer products and services counters accounted for 245.15 million shares traded on the Main Market, industrial products and services (382.74 million), construction (165.78 million), technology (233.64 million), SPAC (nil), financial services (39.76 million), property (215.75 million), plantation (45.27 million), REITs (3.28 million), closed/fund (11,600), energy (87.91 million), healthcare (21.31 million), telecommunications and media (11.09 million), transportation and logistics (21.64 million), and utilities (20.55 million).

 

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends lower on last-minute selling

 

KUALA LUMPUR (April 14): Bursa Malaysia finished lower on Thursday (April 14) on last-minute selling in heavyweights.

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) moved in positive territory earlier but profit taking in index-linked counters emerged in the last 10 minutes of trading, pushing the key index to settle at its intraday low. 

At 5pm, the FBM KLCI fell 1.48 points to end at 1,595.7 compared with Wednesday’s close of 1,597.18.

The barometer index moved between 1,595.7 and 1,602.38 throughout the day, after opening 3.92 points better at 1,601.1.

On the broader market, losers outpaced gainers 465 to 445 with 440 counters unchanged, 903 untraded and 27 others suspended.

Total turnover decreased to 3.32 billion units worth RM2.0 billion from 3.54 billion units worth RM2.42 billion on Wednesday.

Speaking to Bernama, Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the index ended flattish after a roller-coaster trading session.

“The benchmark index retreated after hitting an intraday high of 1,602.38 when investors began to take profits,” he said.

Thong said China hinted that it would loosen its monetary policy further and the bond market dialled back bets on aggressive interest rate hikes from the US Federal Reserve causing the Shanghai’s SSE Composite Index to jump 1.22%.

Back home, the FBM KLCI trended in a tight range on Thursday due to lack of buying support.

“Market sentiments are still cautious despite the persistent net inflow from foreign funds which topped RM6.9 billion year to date.

“Hence, we expect the FBM KLCI to remain in consolidation mode and hovering within the 1,585-1,600 range towards the weekend,” he added.

Heavyweights Malayan Banking Bhd slid one sen to RM8.83, CIMB Group Holdings Bhd lost 14 sen to RM5.14, both Public Bank Bhd and Petronas Chemicals Group Bhd were flat at RM4.67 and RM10.26 respectively, but IHH Healthcare Bhd increased eight sen to RM6.52.

Of the actives, Pappajack Bhd rose four sen to 52.5 sen, Sapura Energy Bhd ticked up half-a-sen to four sen, MNC Wireless Bhd slipped half-a-sen to 3.5 sen, while Key Alliance Group Bhd and Permaju Industries Bhd were flat at one sen and 8.5 sen respectively.

On the index board, the FBMT 100 Index decreased 8.83 points to 11,101.57, FBM Emas Index was 8.64 points weaker at 11,454.69, FBM 70 reduced 4.97 points to 13,805.68, while FBM Emas Shariah Index rose 9.57 points to 12,095.39 and the FBM ACE expanded 22.67 points to 5,846.32.

Sector-wise, the Industrial Products and Services Index edged up 0.82 of-a-point to 214.57, the Financial Services Index contracted 53.42 points to 16,679.58, and the Plantation Index weakened 40.67 points to 8,464.91.

Main Market volume fell to 2.07 billion shares worth RM1.78 billion compared with 2.48 billion shares worth RM2.0 billion on Wednesday. 

Warrants turnover expanded to 256.9 million units valued at RM42.18 million against 239.55 million units valued at RM41.68 million on Wednesday.

ACE Market volume leapt to 996.2 million shares worth RM175.7 million versus 825.48 million shares worth RM195.86 million previously.

Consumer products and services counters accounted for 677.98 million shares traded on the Main Market, industrial products and services (450.37 million), construction (199.34 million), technology (138.20 million), SPAC (nil), financial services (58.35 million), property (226.01 million), plantation (46.75 million), REITs (7.56 million), closed/fund (13,500), energy (148.82 million), healthcare (38.89 million), telecommunications and media (28.49 million), transportation and logistics (31.26 million), and utilities (16.82 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends marginally higher

 

KUALA LUMPUR (April 13): Bursa Malaysia pared some of its early gains to end the day marginally higher on bargain hunting in selected heavyweights led by Hong Leong Bank Bhd, Telekom Malaysia Bhd (TM) and Hong Leong Financial Group Bhd (HLFG).

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 0.05 of-a-point to end at 1,597.18, compared with Tuesday’s close of 1,597.13.

Hong Leong Bank rose 16 sen to RM20.58, TM added 12 sen to RM4.88 and HLFG perked up eight sen to RM19.36. The three stocks contributed a combined 1.56 points to the gain in the barometer index. 

The FBM KLCI opened 2.49 points firmer at 1,599.62 and moved between 1,596.13 and 1,605.11 throughout the day.

Market breadth was positive with gainers leading losers 505 to 394 with 463 counters unchanged, 891 untraded, and 12 others suspended.

Total turnover decreased to 3.54 billion units worth RM2.42 billion from 3.9 billion units worth RM2.44 billion on Tuesday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said regionally, key indices were mixed as investors continued to digest the US inflation data, which showed that the consumer price index (CPI) rose 8.5% year-on-year in March 2022 — its highest level since late 1981.

“With such an inflation rate, we reckon cost pressures will continue to remain a major risk to the US economy,” he told Bernama.

On the domestic front, Thong believes that market sentiment will remain jittery amid the weak regional market performance.

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

Region-wise, Japan's Nikkei 225 gained 1.93% to 26,843.49, South Korea’s Kospi rose 1.86% to 2,716.49, Singapore’s Straits Times Index climbed 0.36% to 3,342.22, while Hong Kong's Hang Seng Index gained 0.26% to 21,374.37, but China's SSE Composite Index fell 0.82% to 3,186.82.

Back home, heavyweights Malayan Banking Bhd increased two sen to RM8.84, IHH Healthcare Bhd added eight sen to RM6.44, CIMB Group Holdings Bhd lost five sen to RM5.28, while both Public Bank Bhd and Petronas Chemicals Group Bhd were flat at RM4.67 and RM10.26, respectively.

Of the actives, Techna-X Bhd bagged half-a-sen to 10 sen, Vortex Consolidated Bhd fell 2.5 sen to 17 sen, ATA IMS Bhd declined five sen to 48 sen, CSH Alliance Bhd shed half-a-sen to 13.5 sen, while Vizione Holdings Bhd was flat at 10.5 sen.

On the index board, the FBMT 100 Index increased 13.87 points to 11,110.4, FBM Emas Index was 19.67 points firmer at 11,463.34, FBM Emas Shariah Index rose 29.12 points to 12,085.82, FBM 70 jumped 72.35 points to 13,810.65, and the FBM ACE expanded 18.54 points to 5,823.65.

Sector-wise, the Industrial Products and Services Index edged up 0.73 of-a-point to 213.75, the Financial Services Index gained 14.02 points to 16,733, and the Plantation Index advanced 30.24 points to 8,505.58.

Main Market volume fell to 2.48 billion shares worth RM2.0 billion compared with 2.85 billion shares worth RM2.21 billion on Tuesday. 

Warrants turnover dwindled to 239.55 million units valued at RM41.68 million against 362.51 million units valued at RM64.22 million on Tuesday.

ACE Market volume expanded to 825.48 million shares worth RM195.86 million versus 686.56 million shares worth RM167.53 million previously.

Consumer products and services counters accounted for 360.19 million shares traded on the Main Market, industrial products and services (731.03 million), construction (395.34 million), technology (134.68 million), SPAC (nil), financial services (67.18 million), property (278.18 million), plantation (75.87 million), REITs (3.95 million), closed/fund (nil), energy (304.63 million), healthcare (41.39 million), telecommunications and media (19.37 million), transportation and logistics (42.13 million), and utilities (26.61 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends lower

 

KUALA LUMPUR (April 12): Bursa Malaysia closed lower on Tuesday (April 12) on profit taking across the board, amid a mixed performance in regional peers as investors await the release of US inflation data later on Tuesday.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 7.48 points or 0.47% easier at 1,597.13, its intraday low, compared with Monday’s close of 1,604.61.

The barometer index opened 0.74 of-a-point easier at 1,603.87 and hit a high of 1,603.98 in the morning session.

On the broader market, losers beat gainers 578 to 340, while 444 counters were unchanged, 891 untraded, and 12 others suspended.

Total turnover decreased to 3.9 billion units worth RM2.44 billion from 4.4 billion units worth RM2.37 billion on Monday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said regionally, key indices closed mixed as investors continued to monitor high inflation and tighter monetary policy expected in the US and the Covid-19 lockdowns in China.

He said China will release its trade data on Wednesday, with the US releasing retail sales and University of Michigan consumer sentiment data a day later.

Back home, the FBM KLCI moved in a tight consolidation mode since the middle of last month as investors remain cautious as a result of heightened regional volatility.

“We foresee the benchmark index to remain in range-bound mode for the time being due to cautious sentiment although foreign buying and bargain hunting may emerge as well,” he told Bernama.

Thong expects the FBM KLCI to hover within the 1,590-1,610 range for the remainder of the week with immediate resistance at 1,620 and support at 1,580.

Japan's Nikkei 225 lost 1.81% to 26,334.98, South Korea’s Kospi inched down 0.98% to 2,666.76 and Singapore’s Straits Times Index shed 0.99% to 3,330.25, while Hong Kong's Hang Seng Index gained 0.52% to 21,319.13.

On the home front, heavyweights Malayan Banking Bhd fell three sen to RM8.82, IHH Healthcare Bhd dropped four sen to RM6.36, Petronas Chemicals Group Bhd rose six sen to RM10.26, while Public Bank Bhd and CIMB Group Holdings Bhd were flat at RM4.67 and RM5.33, respectively.

Of the actives, Vizione Holdings Bhd rose 2.5 sen to 10.5 sen, Tanco Holdings Bhd added 16 sen to 55.5 sen, Vortex Consolidated Bhd gained three sen to 19.5 sen, ATA IMS Bhd perked up 9.5 sen to 53 sen, while CSH Alliance Bhd was flat at 14 sen.

On the index board, the FBMT 100 Index decreased 47.02 points to 11,096.53, FBM Emas Index was 44.28 points weaker at 11,443.67, FBM Emas Shariah Index fell 58.47 points to 12,056.7, FBM 70 slipped 38.18 points to 13,738.3, while the FBM ACE expanded 10.62 points to 5,805.11.

Sector-wise, the Industrial Products and Services Index eased 1.06 points to 213.02 and the Financial Services Index slipped 36.89 points to 16,718.97, while the Plantation Index gained 0.38 of-a-point to 8,475.34.

Main Market volume rose to 2.85 billion shares worth RM2.21 billion compared with 2.65 billion shares worth RM2.08 billion on Monday. 

Warrants turnover fell to 362.51 million units valued at RM64.22 million against 497.35 million units valued at RM78.55 million on Monday.

ACE Market volume dwindled to 686.56 million shares worth RM167.53 million versus 1.24 billion shares worth RM209.86 million previously.

Consumer products and services counters accounted for 334.02 million shares traded on the Main Market, industrial products and services (845.97 million), construction (541.46 million), technology (175.64 million), SPAC (nil), financial services (67.99 million), property (289.42 million), plantation (92.19 million), REITs (4.15 million), closed/fund (21,500), energy (341.28 million), healthcare (71.91 million), telecommunications and media (20.91 million), transportation and logistics (23.60 million), and utilities (47.95 million).

 

Source: The Edge

Market Daily Report: https://www.theedgemarkets.com/article/bursa-malaysia-ends-lower-sync-regional-peers

 

 

KUALA LUMPUR (April 11): Bursa Malaysia closed slightly lower on selling pressure in most sectors, led by healthcare and financial services counters, in line with the weaker regional market performance.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 2.68 points or 0.17% easier at 1,604.61 compared with Friday’s close of 1,607.29.

The barometer index opened 0.66 of-a-point higher at 1,607.95 and moved between 1,603.22 and 1,613.46 throughout the day.

On the broader market, losers trounced gainers 774 to 317, while 356 counters were unchanged, 807 untraded, and 13 others suspended.

Total turnover increased to 4.40 billion units worth RM2.37 billion from 2.93 billion units worth RM1.85 billion on Friday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the FBM KLCI closed marginally lower as investors took the opportunity to take profit during the final hour of trading.

He said that regionally, key indices closed broadly lower following the mixed cues from Wall Street on Friday, amid lingering concerns about inflation and the prospect of aggressive rate hikes by central banks worldwide.

“Investors also remain worried about the likely economic impact of the ongoing war in Ukraine and the extended lockdown in Shanghai due to the worsening Covid-19 outbreak,” he told Bernama.

Back home, Thong believes the local market will remain well supported by the continuous foreign inflow despite some profit taking on Monday.

Meanwhile, investors should stay alert on the heightened local and regional market volatilities and external uncertainties.

“Hence, we expect the FBM KLCI to move in range-bound mode within the 1,595-1,615 range for the week. Technically, the immediate resistance is spotted at 1,625 and support at 1,580,” he added.

Hong Kong's Hang Seng Index declined 3.03% to 21,208.3, Japan's Nikkei 225 lost 0.61% to 26,821.52, South Korea’s Kospi inched down 0.27% to 2,693.1 and Singapore’s Straits Times Index weakened 0.58 to 3,363.56.

On the home front, heavyweights Malayan Banking Bhd was flat at RM8.85, Public Bank Bhd lost one sen to RM4.67, Petronas Chemicals Group Bhd dropped 10 sen to RM10.20, IHH Healthcare Bhd slid five sen to RM6.40, and CIMB Group Holdings Bhd fell two sen to RM5.33.

Of the actives, Vizione Holdings Bhd rose half-a-sen to eight sen, VSolar Group Bhd shed half-a-sen to one sen, Tanco Holdings Bhd dipped 8.5 sen to 39.5 sen, while Techna-X Bhd and MNC Wireless Bhd were flat at 9.5 sen and three sen, respectively.

On the index board, the FBMT 100 Index decreased 57.07 points to 11,143.55, FBM Emas Index was 63.64 points weaker at 11,487.95, FBM Emas Shariah Index fell 87.41 points to 12,115.18, FBM 70 slipped 227.36 points to 13,776.48 and the FBM ACE dipped 66.99 points to 5,794.49.

Sector-wise, the Industrial Products and Services Index eased 0.39 of-a-point to 214.08 and the Financial Services Index fell 26.46 points to 16,755.87, while the Plantation Index gained 121.36 points to 8,474.96.

Main Market volume rose to 2.65 billion shares worth RM2.08 billion compared with 2.02 billion shares worth RM1.67 billion on Friday. 

Warrants turnover swelled to 497.35 million units valued at RM78.55 million against 279.43 million units valued at RM48.29 million.

The ACE Market volume increased to 1.24 billion shares worth RM209.86 million versus 624.68 million shares worth RM141.21 million previously.

Consumer products and services counters accounted for 449.48 million shares traded on the Main Market, industrial products and services (478.68 million), construction (376.61 million), technology (240.45 million), SPAC (nil), financial services (68.93 million), property (365.18 million), plantation (134.65 million), REITs (4.47 million), closed/fund (24,400), energy (373.01 million), healthcare (45.96 million), telecommunications and media (27.5 million), transportation and logistics (47.88 million), and utilities (43.65 million).

 

Source: The Edge

Market Daily Report: Bursa ends on firm note, in line with regional peers

 

 

KUALA LUMPUR (April 8): Bursa Malaysia ended the week on a firm note, with buying support seen across the board, in tandem with regional peers, dealers said.

At 5pm on Friday (April 8), the benchmark FBM KLCI was 6.50 points, or 0.41%, higher at 1,607.29, compared with Thursday's close at 1,600.79.

The barometer index opened 2.94 points better at 1,603.73 and moved between 1,599.20 and 1,608.11 throughout the day.

On the broader market, gainers surpassed decliners 535 to 396, while 436 counters were unchanged, 869 untraded and 16 others suspended.

Total turnover decreased to 2.93 billion units worth RM1.85 billion from 3.34 billion units worth RM2.54 billion on Thursday.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the KLCI continued its upward trajectory due to buying support for selected heavyweight counters, mainly banking, glove and telco stocks.

“The KLCI trended in a tight consolidation mode throughout the week. However, it has managed to close above the 1,600 level for two trading days. 

“We are cautiously optimistic given the improvement in the local market sentiment and foreign support but investors should stay alert due to the increasing market volatility and external uncertainties.

“As such, we expect the KLCI to trend slightly higher, hovering within the 1,600 to 1,620 range next week. From the technical point of view, immediate resistance is seen at 1,625 and support at 1,580,” he told Bernama.

Asian key regional markets also ended in positive territory, following the overnight positive performance on Wall Street, despite a choppy morning session due to lingering concerns over the war in Ukraine, Covid-19 lockdowns in China and the US Federal Reserve’s aggressive policy tightening plan, he added.

Hong Kong's Hang Seng Index gained 0.29% to 21,872.01, Japan's Nikkei 225 added 0.36% to 26,985.80 and South Korea’s KOSPI climbed up 0.17% to 2,700.39 but Singapore’s Straits Times Index shed 0.53% to 3,386.11.

Back home, market heavyweights Malayan Banking Bhd (Maybank) gained two sen to RM8.85, Petronas Chemicals Group Bhd rose 12 sen to RM10.30 and IHH Healthcare Bhd added four sen to RM6.45, while Public Bank Bhd and CIMB Group Holdings Bhd were flat at RM4.68 and RM5.35 respectively.

Of the actives, Brahim’s Holdings Bhd tumbled eight sen to 3.5 sen, YTL Power International Bhd rose 10 sen to 77.5 sen and TWL Holdings Bhd added one sen to nine sen, while Widad Group Bhd and Techna-X Bhd were flat at 36.5 sen and 9.5 sen respectively.

On the index board, the FBMT 100 Index increased 47.49 points to 11,200.62, the FBM Emas Index was 51.73 points higher at 11,551.59, the FBM Emas Shariah Index rose 68.04 points to 12,202.59, FBM 70 advanced 68.48 points to 14,003.85 and FBM ACE expanded 33.16 points to 5,861.48.

Sector-wise, the Industrial Products and Services Index added 2.91 points to 214.47 and the Plantation Index gained 16.84 points to 8,353.60, while the Financial Services Index climbed up 12.89 points to 16,782.33.

Main Market volume fell to 2.02 billion shares worth RM1.67 billion, compared with 2.33 billion shares worth RM2.32 billion on Thursday. 

Warrant turnover dwindled to 279.43 million units valued at RM48.29 million against 429.53 million units valued at RM74.16 million a day ago.

ACE Market volume increased to 624.68 million shares worth RM141.21 million versus 578.69 million shares worth RM146.16 million previously.

Consumer products and services counters accounted for 519.52 million shares traded on the Main Market, followed by industrial products and services (379.84 million), construction (155.29 million), technology (137.62 million), special purpose acquisition companies (nil), financial services (57.88 million), property (316.41 million), plantation (38.03 million), real estate investment trusts (7.31 million), closed/funds (2,000), energy (121.67 million), healthcare (39.36 million), telecommunications and media (27.16 million), transportation and logistics (56.81 million), and utilities (162.45 million).

 

Source: The Edge

Market Daily Report: KLCI ends lower, stays above key 1,600 level

 

 

KUALA LUMPUR (April 7): Bursa Malaysia’s benchmark index ended slightly lower after trading in a range-bound mode as selling interspersed with buying of selected heavyweights, mainly plantation, banking and oil and gas stocks, dealers said.

At 5pm on Thursday (April 7), the benchmark FBM KLCI was 3.93 points, or 0.24%, lower at 1,600.79, compared with Wednesday's close at 1,604.72. 

The key index opened 0.79 of a point better at 1,605.51 and moved between 1,597.95 and 1,606.13 throughout the day.

On the broader market, advancers thumped decliners 597 to 422, while 422 counters were unchanged, 830 untraded and 16 others suspended. 

Total turnover decreased to 3.34 billion units worth RM2.54 billion from 3.43 billion units worth RM2.47 billion on Wednesday.

A dealer noted that the local bourse opened marginally higher but retreated thereafter, taking its cue from weaker global markets after the US Federal Open Market Committee reiterated its hawkish stance in its latest meeting minutes.

“The US Federal Reserve (Fed), in the latest minutes, revealed its plans to hike interest rates and pare its balance sheet by more than US$1 trillion (about RM4.22 trillion) a year. This raised concerns about the risks the action could imply to economic growth, which sparked volatility in the market,” he said.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng told Bernama that key regional indices were also in the red following the overnight selldown on Wall Street, with Japanese and Hong Kong markets plunging on the Fed’s minutes and plans to tackle US inflation, which is running at a four-decade high and threatening to limit the nation’s economic growth.

“On the domestic front, we believe the 1,600-point level will remain a critical factor to determine the near-term outlook for the benchmark index. If the KLCI is able to sustain [itself] above the 1,600 mark for a longer period, we reckon the outlook for the benchmark index will be positive in the midterm.

“As for now, we advise investors to stay alert to the increasing market risks and volatility and external uncertainties. Hence, we expect the KLCI to trade within the 1,590 to 1,610 range towards the weekend,” he added.

Regionally, Hong Kong's Hang Seng Index fell 1.23% to 21,808.98, Japan's Nikkei 225 declined 1.69% to 26,888.57, Singapore’s Straits Times Index shed 0.55% to 3,404.23 and South Korea’s KOSPI slipped 1.43% to 2,695.86.

On the local front, among the heavyweights, Malayan Banking Bhd (Maybank) fell six sen to RM8.83 and Public Bank Bhd shed three sen to RM4.68.

 Petronas Chemicals Group Bhd rose 19 sen to RM10.18, IHH Healthcare Bhd added two sen to RM6.41 and CIMB Group Holdings Bhd gained four sen to RM5.35.

Of the actives, Malaysia Building Society Bhd (MBSB) and SMTrack Bhd added 1.5 sen each to 65.5 sen and 9.5 sen respectively, Techna-X Bhd and Vizione Holdings Bhd gained one sen each to 9.5 sen and seven sen respectively, while Metronic Global Bhd edged up half a sen to two sen.

On the index board, the FBMT 100 Index dipped 48.48 points to 11,153.13, the FBM Emas Index was 50.18 points lower at 11,499.86 and the FBM Emas Shariah Index gave up 64.86 points to 12,134.55.

The FBM 70 tumbled 146.28 points to 13,935.37 and the FBM ACE lost 41.96 points to 5,828.32.

Sector-wise, the Financial Services Index shed 26.31 points to 16,769.44 and the Industrial Products and Services Index eased 0.07 of a point to 211.56, but the Plantation Index rose 19.22 points to 8,336.76 

Main Market volume rose to 2.33 billion shares worth RM2.32 billion, compared with 2.3 billion shares worth RM2.17 billion on Wednesday. 

Warrant turnover surged to 429.53 million units valued at RM74.16 million against 378.19 million units valued at RM65.38 million on Wednesday.

ACE Market volume decreased to 578.69 million shares worth RM146.16 million versus 745.34 million shares worth RM227.69 million previously.

Consumer products and services counters accounted for 410.05 million shares traded on the Main Market, followed by industrial products and services (560.83 billion), construction (238.8 million), technology (193.31 million), special purpose acquisition companies (nil), financial services (188.98 million), property (318.42 million), plantation (54.25 million), real estate investment trusts (10.96 million), closed/funds (114,800), energy (214.97 million), healthcare (55.57 million), telecommunications and media (31.17 million), transportation and logistics (32.04 million), and utilities (17.22 million).

 

Source: The Edge

Market Daily Report: Bursa ends firmer, bucks regional downtrend

 

KUALA LUMPUR (April 6): Bursa Malaysia ended on a firmer note on strong buying support for selected heavyweights, led by plantation and banking stocks, bucking the downtrend among regional peers.

At 5pm on Wednesday (April 6), the benchmark FBM KLCI was 7.93 points higher at 1,604.72, compared with Tuesday's close at 1,596.79. 

The key index opened 0.67 of a point easier at 1,596.12 and moved between 1,595.19 and 1,605.50 throughout the day.

On the broader market, gainers thumped decliners 601 to 435, while 405 counters were unchanged, 795 untraded and 13 others suspended. 

Total turnover decreased to 3.43 billion units worth RM2.46 billion from 3.87 billion units worth RM2.37 billion on Tuesday.

A dealer noted that Bursa had stayed upbeat for the rest of the day, bucking the downtrend among regional peers.

“Key Asian markets took their cue from the weaker Wall Street after the US Federal Reserve (Fed) reiterated its more aggressive approach in tightening its monetary policy to tame inflation amid the unresolved conflict between Russia and Ukraine. 

“Meanwhile, the reopening of borders and high commodity prices helped to support Malaysia's economic recovery path," he said.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng told Bernama that the KLCI trended higher on Wednesday as bargain hunting emerged after two days of selldowns, with buying interest mainly seen in plantation, oil and gas and banking heavyweights.

“If the KLCI is able to sustain [itself] above the 1,600 mark for a longer period, the outlook for the benchmark index will be positive in the midterm.

“We believe the benchmark index would stay in consolidation mode for the time being due to cautious sentiment, although foreign buying and bargain-hunting activities may emerge as well.

“As such, we anticipate the KLCI to trend within the 1,590-1.610 range for the remainder of the week,” he said.

He added that investors are now waiting for the release of the minutes from the Fed's policy meeting slated later on Wednesday for the latest insights into US monetary policy and its plan to reduce the balance sheet.

Regionally, Hong Kong's Hang Seng Index fell 1.87% to 22,080.52, Japan's Nikkei 225 declined 1.58% to 27,350.30, Singapore’s Straits Times Index shed 0.64% to 3,422.93 and South Korea’s KOSPI eased 0.88% to 2,735.03.

On the local front, heavyweights Malayan Banking Bhd (Maybank) rose three sen to RM8.89, Public Bank Bhd added one sen to RM4.71, Petronas Chemicals Group Bhd and IHH Healthcare Bhd rose 14 sen each to RM9.99 and RM6.39 respectively, while CIMB Group Holdings Bhd gained four sen to RM5.31.

Of the actives, Dagang NeXchange Bhd (DNeX) eased one sen to RM1.10, Vizione Holdings Bhd edged up half a sen to six sen and MyEG Services Bhd added one sen to RM1.03, while Techna-X Bhd and AT Systematization Bhd were flat 8.5 sen and two sen respectively.

On the index board, the FBMT 100 Index expanded 52.55 points to 11,201.61, the FBM Emas Index added 56.42  points to 11,550.04, the FBM Emas Shariah Index advanced 59.43 points to 12,199.41, FBM 70 rose 54.63 points to 14,081.65 and FBM ACE improved 5.76 points to 5,870.28.

Sector-wise, the Industrial Products and Services Index inched up 1.83 points to 211.63, the Financial Services Index soared 75.79 points to 16,795.75 and the Plantation Index surged 144.27 points to 8,317.54. 

Main Market volume fell to 2.3 billion shares worth RM2.17 billion, compared with 2.85 billion shares worth RM2.11 billion on Tuesday. 

Warrant turnover surged to 378.19 million units valued at RM65.38 million against 132.61 million units valued at RM13.61 million the day before.

ACE Market volume decreased to 745.34 million shares worth RM227.69 million versus 884.44 million shares worth RM237.34 million previously.

Consumer products and services counters accounted for 334.41 million shares traded on the Main Market, followed by industrial products and services (580.58 billion), construction (204.06 million), technology (365.94 million), special purpose acquisition companies (nil), financial services (102.91 million), property (237.24 million), plantation (66.36 million), real estate investment trusts (7.90 million), closed/funds (600), energy (245.88 million), healthcare (59.56 million), telecommunications and media (25.52 million), transportation and logistics (43.64 million), and utilities (24.65 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends mixed, FBM KLCI down 2.13 points

 

KUALA LUMPUR (April 5): Bursa Malaysia ended mixed on Tuesday (April 5) with the key index easing slightly on selling in selected heavyweights, mainly in banking stocks, while the broader market showed a positive tone.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 2.13 points easier at 1,596.79 compared with Monday's close of 1,598.92.

The barometer index opened 2.74 points better at 1,601.66, and moved between 1,594.41 and 1,601.68 throughout the session.

However, on the broader market, gainers thumped losers 653 to 308, while 416 counters were unchanged, 860 untraded, and 10 others suspended.

Total turnover increased to 3.87 billion units worth RM2.37 billion from 3.38 billion units worth RM2.06 billion on Monday.

A dealer noted that Bursa Malaysia opened higher but retreated after a few minutes of trading, succumbing to selling pressure in selected heavyweights, and moved in a range-bound mode throughout the session.

“The FBM KLCI pulled back to below the 1,600 level on profit taking in banking, healthcare, consumer, and telecommunication stocks, while the lower liners were seen extending their lead," he said.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng told Bernama the market bellwether has been moving in a tight consolidation mode since the middle of March as investors remained cautious due to heightened regional volatility.

“However, we reckon the index is well supported above the 1,580 level while investors sentiment remains cautious. Hence, we expect the FBM KLCI to move range-bound and hover within the 1,590 to 1,610 range for the remaining week,” he added.

Meanwhile, he also noted that investors are now looking to Wednesday's release of minutes from the US Federal Reserve's latest policy meeting for clues on the interest rate hike as the US central bank is widely expected to raise its interest rate by half a percentage point next month.

Regionally, Thong said key indices were mostly higher, tracking the overnight gains on Wall Street.

Hong Kong's Hang Seng Index gained 2.1% to 22,502.31, Japan's Nikkei 225 edged up 0.19% to 27,787.98, Singapore’s Straits Times Index rose 0.82% to 3,445.01 and South Korea’s Kospi inched up 0.05% to 2,759.2.

On the local front, among heavyweights Malayan Banking Bhd fell 10 sen to RM8.86, Public Bank Bhd eased two sen to RM4.70 while IHH Healthcare Bhd and CIMB Group Holdings Bhd shed three sen each to RM6.25 and RM5.27, respectively.

Petronas Chemicals Group Bhd rose 15 sen to RM9.85.

Of the actives, KNM Group Bhd, TWL Holdings Bhd and Techna-X Bhd edged up half-a-sen each to 19 sen, 8.5 sen and 8.5 sen, respectively, Dagang NeXchange Bhd rose eight sen to RM1.11, while Metronic Global Bhd eased half-a-sen at 1.5 sen.

On the index board, the FBMT 100 increased 4.85 points to 11,149.06, FBM Emas Index added 13.46 points to 11,493.62, FBM Emas Shariah Index advanced 60.45 points to 12,139.98, FBM 70 rose 85.92 points to 14,027.02, and the FBM ACE surged 93.46 points to 5,864.52.

Sector-wise, the Industrial Products and Services Index improved by 2.39 points to 209.8 and the Plantation Index jumped 92.95 points to 8,173.27, while the Financial Services Index dropped 102.11 points to 16,719.96.

The Main Market volume rose to 2.85 billion shares worth RM2.11 billion compared with 2.24 billion shares worth RM1.73 billion on Monday.

Warrants turnover dwindled to 132.61 million units valued at RM13.61 million against 386.84 million units valued at RM56.25 million.

The ACE Market volume increased to 884.44 million shares worth RM237.34 million versus 749.7 million shares worth RM277.1 million previously.

Consumer products and services counters accounted for 419.91 million shares traded on the Main Market, industrial products and services (652.76 billion), construction (190.11 million), technology (410.87 million), SPAC (nil), financial services (74.88 million), property (392.2 million), plantation (59.63 million), REITs (9.02 million), closed/fund (400), energy (475.19 million), healthcare (49.94 million), telecommunications and media (27.21 million), transportation and logistics (61.13 million), and utilities (23.04 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia bucks regional trend to end slightly lower

 

KUALA LUMPUR (April 4): Bursa Malaysia bucked the regional market trend to end slightly lower on Monday (April 4), weighed down by profit taking in selected heavyweights amid cautious trading mode.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 3.49 points easier at 1,598.92 from 1,602.41 at Friday's close.

The barometer index opened 0.38 of-a-point easier at 1,602.03, and moved between 1,594.77 and 1,602.32 throughout the session.

However, on the broader market, gainers thumped losers 617 to 355, while 419 counters were unchanged, 853 untraded and 35 others suspended.

Total turnover increased to 3.38 billion units worth RM2.06 billion from 3.13 billion units worth RM2.16 billion on Friday.

A dealer said Bursa Malaysia opened easier in a cautious mode, retreating from a firmer close on Friday and continued in negative territory for the whole trading session.

“Concerns over Russia’s war in Ukraine and expectations of further US interest rate hikes continue to plague market sentiments,” he said.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng told Bernama the market saw a lacklustre trading session on Monday as investors seemed reluctant to make more significant moves due to the absence of buying catalysts while selling pressure mainly on banking and plantation heavyweights dragged the index lower.

“Despite the cautious market undertone, we expected bargain hunting will prevail given the cheap valuations of local stocks, continuous inflow of foreign investors and improving macroeconomic situation in the country.

“The benchmark index was supported by continuous inflow of foreign funds amounting to RM6.8 billion year to date. As such, we expect the index to trend within the region of 1,590 to 1,610 for the week with immediate resistance at 1,610 while support at 1,580,” he added.

Regionally, Thong noted key markets trended mostly higher with buying interests mainly on technology stocks.

Hong Kong's Hang Seng Index increased 2.1% to 22,502.31, Japan's Nikkei 225 edged up 0.25% to 27,736.47, South Korea’s Kospi added 0.66% to 2,757.9 and Singapore’s Straits Times Index added 0.04% to 3,420.37.

On the local front, among the heavyweights, Malayan Banking Bhd slid two sen to RM8.96, Public Bank Bhd fell six sen to RM4.72, Petronas Chemicals Group Bhd dropped seven sen to RM9.70, and CIMB Group Holdings Bhd shed three sen to RM5.30 while IHH Healthcare Bhd added three sen to RM6.28.

Of the actives, Pappajack Bhd rose 6.5 sen to 46 sen, Vortex Consolidated Bhd added two sen to 12 sen, KNM Group Bhd edged up half-a-sen to 18.5 sen, SIAB Holdings Bhd gained 3.5 sen to 25.5 while Metronic Global Bhd was flat at two sen.

On the index board, FBM Emas Index added 8.51 points to 11,480.16, FBM ACE advanced 85.18 points to 5,771.06, FBM 70 rose 68.25 points to 13,941.1, FBM Emas Shariah Index gained 45.68 points to 12,079.53, while FBMT 100 Index slid 5.79 points to 11,144.21.

Sector-wise, the Industrial Products and Services Index added 1.06 points to 207.41, the Plantation Index surged 131.56 points to 8,080.32, while the Financial Services Index slipped 86.79 points to 16,822.07.

The Main Market volume rose to 2.24 billion shares worth RM1.73 billion compared with 1.92 billion shares worth RM1.83 billion on Friday.

Warrants turnover fell to 386.84 million units valued at RM56.25 million against 440.92 million units valued at RM69.88 million.

The ACE Market volume decreased to 749.7 million shares worth RM277.1 million versus 762.11 million shares worth RM253.87 million previously.

Consumer products and services counters accounted for 434.71 million shares traded on the Main Market, industrial products and services (692.18 billion), construction (181.42 million), technology (147.24 million), SPAC (nil), financial services (47.75 million), property (239.28 million), plantation (78.53 million), REITs (5.41 million), closed/fund (1,000), energy (237.4 million), healthcare (113.47 million), telecommunications and media (23.30 million), transportation and logistics (16.9 million), and utilities (25.62 million).

 

Source: The Edge

Market Daily Report: Bursa Malaysia ends at intraday high on strong buying interest

 

KUALA LUMPUR (April 1): Bursa Malaysia recouped early losses to close at its intraday high on Friday (April 1), with the key index advancing 0.95% on strong buying interest, mainly driven by selected heavyweights in financial services as well as industrial products and services counters.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 15.05 points to 1,602.41 from 1,587.36 at Thursday's close.

The index opened 0.93 of-a-point higher at 1,588.29 and hit a low of 1,582.09 in the morning session.

On the broader market, gainers led losers 554 to 406, with 419 counters unchanged, 857 untraded, and 35 others suspended.

Total turnover increased to 3.13 billion units worth RM2.16 billion from 2.86 billion units worth RM2.36 billion on Thursday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the reopening of the international borders beginning Friday after two years of closure due to Covid-19 pandemic provided a boost to the country's economy and prospects of recovery in some sectors.

“Regionally, the key indices closed mostly higher on bargain hunting.

“On the domestic front, we believe the overall sentiment remains cautious due to lack of catalysts,” he told Bernama.

Regionally, Hong Kong's Hang Seng Index added 0.19% to 22,039.55, Singapore’s Straits Times Index gained 0.31% to 3,419.11, China’s Shanghai Stock Exchange increased 0.94% to 3,282.72, while South Korea’s Kospi fell 0.65% to 2,739.85, and Japan's Nikkei 225 fell 0.56% to 27,665.98.

Back home, Bursa Malaysia’s heavyweights Malayan Banking Bhd added four sen to RM8.98, Public Bank Bhd advanced 11 sen to RM4.78, Petronas Chemicals Group Bhd improved 17 sen to RM9.77, IHH Healthcare Bhd bagged five sen to RM6.25, while CIMB Group Holdings Bhd was flat at RM5.33.

Of the actives, ACE Market debutant Pappajack Bhd increased 9.5 sen to 39.5 sen, KNM Group Bhd rose 2.5 sen to 18 sen, TWL Holdings Bhd gained one sen to eight sen, Hextar Industries Bhd perked up three sen to 34.5 sen, while Metronic Global Bhd was flat at two sen.

On the index board, the FBM 70 advanced 19.38 points to 13,872.85, FBMT 100 Index climbed 83.89 points to 11,150, FBM Emas Index bagged 84.33 points to 11,471.65, FBM Emas Shariah Index rose 90.5 points to 12,033.85, while FBM ACE advanced 67.06 points to 5,685.88.

Sector-wise, the Industrial Products and Services Index edged up 0.91 of-a-point to 206.35, the Plantation Index trimmed 4.22 points to 7,948.76, while the Financial Services Index improved 130.27 points to 16,908.86.Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the reopening of the international borders beginning Friday after two years of closure due to Covid-19 pandemic provided a boost to the country's economy and prospects of recovery in some sectors.

The Main Market volume fell to 1.92 billion shares worth RM1.83 billion compared with 2.08 billion shares worth RM2.2 billion yesterday.

Warrants turnover rose to 440.92 million units valued at RM69.88 million against 359.59 million units valued at RM58.62 million.

The ACE Market volume expanded to 762.11 million shares worth RM253.87 million versus 404.61 million shares worth RM101.83 million previously.

Consumer products and services counters accounted for 324.17 million shares traded on the Main Market, industrial products and services (580.01 billion), construction (83.26 million), technology (157.66 million), SPAC (nil), financial services (73.27 million), property (224.1 million), plantation (54.33 million), REITs (6.69 million), closed/fund (nil), energy (181.08 million), healthcare (161.56 million), telecommunications and media (39.41 million), transportation and logistics (15.3 million), and utilities (18.7 million).

 

 

Source: The Edge