Market Daily Report: Bursa recoups early losses to end higher on bargain-hunting

KUALA LUMPUR (Nov 30): Bursa Malaysia recouped early losses to end in the positive territory on Wednesday (Nov 30) as bargain-hunting emerged in selected heavyweights in utilities, consumer products and services, as well as industrial products and services counters.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 11.84 points to 1,488.8 from Tuesday's closing of 1,476.96.

The market bellwether opened 0.74 of-a-point lower at 1,476.22, and moved between 1,464.81 and 1,489.78 throughout the day.

Market breadth was positive with gainers leading losers 524 to 468, while 381 counters were unchanged, 917 untraded, and 67 others suspended.

Turnover expanded to 4.71 billion units worth RM4.41 billion versus 3.4 billion units worth RM2.47 billion on Tuesday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the regional key indices trended mostly higher with strong gains in Hong Kong after Beijing announced multiple measures to ease the strict lockdown in critical areas following a decline in the daily Covid-19 infections from a record high.

"Additionally, expectations of smaller interest rate hikes by the US Federal Reserve (Fed) somewhat lifted investor sentiment.

"On the domestic front, we expect buying to remain particularly in banks and telecommunications companies as earnings posted by these two sectors remain solid," he told Bernama.

Hence, the stockbroking firm expects the FBM KLCI to move higher towards the 1,500 mark for the remainder of the week, with immediate resistance at 1,500 followed by 1,530, and support at 1,470.

Region wise, Hong Kong's Hang Seng Index rose 2.16% to 18,597.23, the Shanghai Composite Index inched up 0.05% to 3,151.34, the Shenzhen Index gained 0.18% to 11,108.5.

Elsewhere in the region, Japan's Nikkei 225 fell 0.21% to 27,968.99 and Singapore's Straits Times Index added 0.43% to 3,290.49.

Meanwhile, Hong Leong Investment Bank (HLIB) Research said market sentiment has turned increasingly positive in view of political stability and growth in Malaysia as well as the potential return of foreign investors.

"Nonetheless, this euphoria is seen to be abating as the market awaits more details on the prime minister’s new Cabinet line-up and the structure of the unity government.

"Not to mention the prevailing external headwinds such as the hawkish Fed, geopolitical tensions, global recession fears, and China’s Covid-19 situation," the research firm said in a note on Wednesday.

Among the heavyweights, Malayan Banking Bhd (Maybank) erased seven sen to RM8.63, CIMB Group Holdings Bhd decreased two sen to RM5.80, IHH Healthcare Bhd declined 15 sen to RM5.80, while Public Bank Bhd went up nine sen to RM4.50, and Petronas Chemicals Group Bhd climbed two sen to RM8.54.

Of the actives, MMAG Holdings Bhd was half-a-sen lower at 2.5 sen, Advance Synergy Bhd dipped half-a-sen to 19 sen, and SMTrack Bhd slipped half-a-sen to 5.5 sen, ACE Market debutant Leform Bhd shed 4.5 sen to 18.5 sen, while MQ Technology Bhd was flat at five sen.

On the index board, the FBM Emas Index increased 89.19 points to 10,633.7, the FBMT 100 Index gained 92.35 points to 10,352.26, the FBM Emas Shariah Index put on 120.52 points to 10,783.09, the FBM 70 rose 154.72 points to 12,851.09, and the FBM ACE garnered 14.43 points to 5,211.15.

Sector-wise, the Financial Services Index dipped 25.71 points to 16,623.34, the Plantation Index lost 79.46 points to 6,727.77, while the Industrial Products and Services Index inched up 0.18 of-a-point to 181.76, and the Energy Index added 3.6 points to 767.51.

The Main Market volume improved to 2.68 billion shares worth RM4.09 billion against 2.16 billion shares worth RM2.18 billion on Tuesday.

Warrants turnover increased to 416.42 million units valued at RM65.11 million from 356.1 million units valued at RM68.81 million.

The ACE Market volume swelled to 1.61 billion shares worth RM258.21 million from 880.66 million shares worth RM226.95 million previously.

Consumer products and services counters accounted for 752.92 million shares traded on the Main Market, industrial products and services (555.33 million), construction (82.25 million), technology (183.86 million), SPAC (nil), financial services (222.72 million), property (183.24 million), plantation (50.5 million), REITs (15.12 million), closed/fund (12,500), energy (256.8 million), healthcare (156 million), telecommunications and media (99.49 million), transportation and logistics (64.37 million), and utilities (56.78 million).

Source: The Edge

Market Daily Report: Bursa ends in negative territory as profit taking continues

KUALA LUMPUR (Nov 29): Bursa Malaysia ended the day in negative territory as profit-taking activities continue following the strong rally last Thursday (Nov 24).

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the benchmark index closed off its day’s low as buying activities emerged in the afternoon trading session.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 9.58 points to 1,476.96 from last Friday's closing of 1,486.54.

The market bellwether opened 2.77 points easier at 1,483.77 and moved between 1,467.26 and 1,486.68 throughout the session.

However, market breadth was positive with gainers leading losers 564 to 409, while 358 counters were unchanged, 927 untraded, and 67 others suspended.

Turnover dropped to 3.4 billion units worth RM2.47 billion versus 4.41 billion units worth RM2.75 billion last Friday.

Bursa Malaysia Bhd and its subsidiaries were closed on Monday (Nov 28) in conjunction with the special public holiday announced by Prime Minister Datuk Seri Anwar Ibrahim last Thursday.

Meanwhile, Thong said key regional indices closed mostly higher, boosted by Chinese property companies after the securities regulator in China lifted the ban on equity refinancing for listed property firms.

“Back home, we reckon buying activities to return following two days of selling as investor sentiment should improve amid the improving political landscape, hence we expect the FBM KLCI re-test the 1,500 mark soon.

“In comparison, valuations of local equities are still cheaper than their regional peers,” he said.

He said from a technical point of view, Rakuten Trade shall see immediate resistance at 1,500 followed by 1,530 with support at 1,470.

“As we enter December, we expect some portfolio realignments and window dressing activities to occur,” he added.

Regionally, Japan’s Nikkei 225 fell 0.48% to 28,027.84, Hong Kong’s Hang Seng went up 5.24% to 18,204.68, and Singapore’s Straits Times Index was 1.12% higher at 3,276.36.

Among heavyweights, Malayan Banking Bhd (Maybank) was up three sen to RM8.70, CIMB Group Holdings Bhd gained two sen to RM5.82, while Public Bank Bhd fell 11 sen to RM4.41, Petronas Chemicals Group Bhd dipped 56 sen to RM8.52, and IHH Healthcare Bhd lost five sen to RM5.95.

Of the actives, Advance Synergy Bhd erased one sen to 19.5 sen, Top Glove Corp Bhd lost 3.5 sen to 87.5 sen, while MQ Technology Bhd was one sen higher at five sen, SMTrack Bhd rose one sen to six sen, and MMAG Holdings Bhd was flat at three sen.

On the index board, the FBM Emas Index shed 32.28 points to 10,544.51, the FBMT 100 Index shaved off 39.78 points to 10,259.91, and the FBM Emas Shariah Index slipped 25.05 points to 10,662.57.

The FBM ACE climbed 5.08 points to 5,196.72, and the FBM 70 added 58.02 points to 12,696.37.

Sector-wise, the Financial Services Index fell 50.11 points to 16,649.05, the Industrial Products and Services Index decreased 3.78 points to 181.58, the Plantation Index declined 9.92 points to 6,807.23, while the Energy Index gained 4.82 points to 763.91. 

The Main Market volume was lower at 2.16 billion shares worth RM2.18 billion against 2.87 billion shares worth RM2.43 billion last Friday.   

Warrants turnover narrowed to 356.10 million units valued at RM68.81 million from 522.23 million units valued at RM49.65 million.

The ACE Market volume contracted to 880.66 million shares worth RM226.95 million from 1.02 billion shares worth RM270.37 million previously.

Consumer products and services counters accounted for 545.1 million shares traded on the Main Market, industrial products and services (502.51 million), construction (73.47 million), technology (229.78 million), SPAC (nil), financial services (114.13 million), property (192.06 million), plantation (31.74 million), REITs (7.69 million), closed/fund (5,100), energy (197.08 million), healthcare (131.01 million), telecommunications and media (42.04 million), transportation and logistics (42.50 million), and utilities (49.63 million).

Source: The Edge

Market Daily Report: FBM KLCI slips 1% to below 1,500 level

KUALA LUMPUR (Nov 25): Bursa Malaysia reversed Thursday's (Nov 24) strong gains with the key index closing below the 1,500 psychological mark on Friday on profit taking and a weak external front.

The FTSE Bursa Malaysia KLCI (FBM KLCI) surged 4.04% on Thursday, partly driven by the appointment of Datuk Seri Anwar Ibrahim as Malaysia's 10th prime minister.

At 5pm, the benchmark index fell 15.34 points or 1.02% to finish at 1,486.54, from 1,501.88 on Thursday.

The market bellwether, which opened 0.18 of-a-point lower at 1,501.7 on Friday morning, subsequently moved to its day's high at 1,504.16, but thereafter slipped to its intraday low of 1,481.38 during the mid-morning session.

Market breadth was weaker with decliners outpacing advancers 630 to 346, while 361 counters were unchanged, 926 untraded, and 15 others suspended.

Turnover dwindled to 4.41 billion units worth RM2.75 billion versus 6.87 billion units worth RM4.19 billion on Thursday. 

Losses in technology stocks — Axiata Group Bhd and Maxis Bhd — dragged the composite index down by a combined 4.2 points, while Top Glove Corp Bhd was the biggest loser among the 30 FBM KLCI index constituents, declining 7.5 sen or 7.61% to 91 sen, with 87.3 million shares changing hands.

CGS-CIMB Securities Sdn Bhd, in a note, expects the PH-led government might review the single wholesale network (SWN) model for the rollout of 5G in Malaysia and its custodian Digital Nasional Bhd.

Meanwhile, Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng reckoned that market sentiment would remain positive despite the emergence of profit taking on Friday and expected the FBM KLCI to break the 1,500 level again soon.

Regionally, the key indices were mostly in negative territory amid concerns over rising Covid-19 cases in China, while some investors were digesting economic data from the region, including Japan's consumer price index and Singapore's gross domestic product readings, he told Bernama.

Among other heavyweights, Malayan Banking Bhd (Maybank) lost nine sen to RM8.67, CIMB Group Holdings Bhd gave up seven sen to RM5.80, Tenaga Nasional Bhd (TNB) erased 13 sen to RM8.78, while Public Bank Bhd was flat at RM4.52, and IHH Healthcare Bhd was unchanged at RM6.

However, Petronas Chemicals Group Bhd gained two sen to RM9.08, and Hong Leong Bank Bhd bagged 14 sen to RM20.84.

As for the actives, Advance Synergy Bhd dipped 5.5 sen to 20.5 sen, MMAG Holdings Bhd was flat at three sen, Infomina Bhd surged 13.5 sen to 53.5 sen, Malayan United Industries Bhd fell two sen to 10 sen, while Icon Offshore Bhd inched up half-a-sen to 15 sen.

On the index board, the FBM Emas Index fell 91.78 points to 10,576.79, the FBMT 100 Index erased 93.13 points to 10,299.69, the FBM Emas Shariah Index decreased 117.21 points to 10,687.62, the FBM 70 declined 61.47 points to 12,638.35, and the FBM ACE went down 18.58 points to 5,191.64. 

Sector-wise, the Financial Services Index was 67.72 points lower at 16,699.16, the Energy Index trimmed 5.1 points to 641.77, the Plantation Index slid 27.91 points to 6,817.15, while the Industrial Products and Services Index edged up 0.35 of-a-point to 185.36.

The Main Market volume shrank to 2.87 billion shares worth RM2.43 billion against 5.59 billion shares worth RM3.89 billion on Thursday.    

Warrants turnover expanded to 522.23 million units valued at RM49.65 million from 414.63 million units valued at RM47.23 million.

The ACE Market volume surged to 1.02 billion shares worth RM270.37 million from 857.64 million shares worth RM257.95 million previously.

Consumer products and services counters accounted for 1.14 billion shares traded on the Main Market, industrial products and services (422.89 million), construction (90.42 million), technology (195.51 million), SPAC (nil), financial services (122.79 million), property (284.59 million), plantation (22.69 million), REITs (4.86 million), closed/fund (100), energy (303.36 million), healthcare (142.79 million), telecommunications and media (38.81 million), transportation and logistics (54.21 million), and utilities (45.23 million).

Source: The Edge

Market Daily Report: Bursa rallies on political clarity, KLCI up 4%

KUALA LUMPUR (Nov 24): Bursa Malaysia rallied to a near three-month high on Thursday (Nov 24), with the key index rising by 4.04%, on bullish market sentiment following the clarity in the local political scene, coupled with positive external developments that fuel investors’ risk appetite.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) jumped 58.38 points to end the day at 1,501.88 compared with 1,443.5 at Wednesday’s close.

The market bellwether, which opened 7.18 points higher at 1,450.68, its intraday low, thereafter moved in an upbeat momentum throughout the day and hit an intraday high of 1,502.11 in late trading.

Market breadth was bullish with advancers hammering decliners 981 to 197, while 256 counters were unchanged, 899 untraded, and 84 others suspended.

The brisk trading in the market saw turnover increasing sharply to 6.87 billion units worth RM4.19 billion versus 2.68 billion units worth RM1.63 billion on Wednesday.

Earlier on Thursday, the Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah consented to the appointment of Tambun Member of Parliament Datuk Seri Anwar Ibrahim as Malaysia’s 10th prime minister.

The appointment was finalised after His Majesty deliberated the opinions of the Malay Rulers, who convened a special meeting at Istana Negara on Thursday.

Anwar, 75, the chairman of the Pakatan Harapan coalition, took his oath as Malaysia’s 10th prime minister at Istana Negara at 5pm, after five days of political impasses since the country’s 15th general election, which was held last Saturday (Nov 19).

Malaysia University of Science and Technology professor and economist Dr Geoffrey Williams said the positive development was very much welcomed as it solved the uncertainty and settled markets.

He believed Anwar, who is well-known internationally with very strong knowledge of economics, would focus on reforms that will be attractive to investors.

“After this, we will look for long-term, credible economic policy, which Anwar and his team will provide. His immediate challenge is to make a credible budget focused on protecting growth for next year and keeping inflation low,” he said.

Meanwhile, Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said Anwar's appointment should provide a much-needed impetus to the equities market.

“As such, we anticipate the FBM KLCI to trend higher within the range of 1,500-1,530 towards the weekend.

“After breaking the 1,470 and 1,500 resistance, the benchmark index is expected to charge towards the 1,530-1,550 level in the near future,” he said.

On the external front, he said key regional indices closed mostly higher as investors lauded the positive news from the US Federal Reserve’s November meeting, during which officials agreed that a slower pace of interest rate hikes was likely to be appropriate soon.

Additionally, hopes of fresh economic stimulus from China have also lifted investor sentiment, he said.

The optimism has led to buying spree in several banking stocks — Public Bank Bhd surged 24 sen to RM4.52, CIMB Group Holdings Bhd jumped 36 sen to RM5.87, Malayan Banking Bhd (Maybank) rose 21 sen to RM8.76, RHB Bank Bhd bagged 20 sen to RM5.67, and Hong Leong Bank Bhd increased 22 sen to RM20.70.

Among other heavyweights, Petronas Chemicals Group Bhd perked up 28 sen to RM9.06, IHH Healthcare Bhd added one sen to RM6, Tenaga Nasional Bhd advanced 49 sen to RM8.91, while Press Metal Aluminium Holdings Bhd put on five sen to RM4.88.  

As for the actives, Advance Synergy Bhd went up 8.5 sen to 26 sen, Malayan United Industries Bhd rose two sen to 12 sen, CSH Alliance Bhd inched up half-a-sen to four sen, while Eden Inc Bhd slipped 4.5 sen to 14.5 sen.

On the index board, the FBM Emas Index jumped 402.35 points to 10,668.57, the FBMT 100 Index chalked up 395.39 points to 10,392.82, the FBM Emas Shariah Index soared 388.1 points to 10,804.83, the FBM 70 surged 448.58 points to 12,699.82, and the FBM ACE garnered 236.49 points to 5,210.22.

Sector-wise, the Financial Services Index shot up 598.67 points to 16,766.88, the Industrial Products and Services Index edged up 5.15 points to 185.01, the Energy Index increased 20.23 points to 764.09, while the Plantation Index gave up 22.63 points to 6,845.06.

The Main Market volume ballooned to 5.59 billion shares worth RM3.89 billion against 1.84 billion shares worth RM1.33 billion on Wednesday.    

Warrants turnover almost doubled to 414.63 million units valued at RM47.23 million from 259.02 million units valued at RM48.58 million.

The ACE Market volume swelled to 857.64 million shares worth RM257.95 million from 583.73 million shares worth RM256.22 million previously.

Consumer products and services counters accounted for 2.92 billion shares traded on the Main Market, industrial products and services (841.48 million), construction (138.36 million), technology (359.71 million), SPAC (nil), financial services (180.95 million), property (385.72 million), plantation (37.46 million), REITs (6.18 million), closed/fund (14,000), energy (281.94 million), healthcare (149.29 million), telecommunications and media (59.12 million), transportation and logistics (93.67 million), and utilities (141.44 million).

Source: The Edge

Market Daily Report: Bursa snaps three-day losing streak despite domestic political uncertainty

KUALA LUMPUR (Nov 23): Bursa Malaysia snapped a three-day losing streak on Wednesday (Nov 23) despite the continuing uncertainty on the domestic political front as investors looked ahead to the US Federal Reserve’s (Fed) meeting minutes, which could offer clues on further interest rate hikes by the US.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) added 2.21 points to end the day at its intra-day high of 1,443.5 compared with 1,441.29 on Tuesday.

The market bellwether, which opened 9.39 points weaker at 1,431.9 on Wednesday morning, moved in a volatile pattern to as low as 1,431.61 as the market weighed the pending outcome of the selection of Malaysia's 10th prime minister.

Gains in Press Metal Aluminium Holdings Bhd, Sime Darby Plantation Bhd, Petronas Chemicals Group Bhd, and IHH Healthcare Bhd lifted the composite index by a combined 4.838 points.

On the broader market, gainers and decliners were almost equal at 389 to 382, while 417 counters were unchanged, 1,113 untraded, and 84 others suspended.

Turnover decreased sharply to 2.68 billion units worth RM1.63 billion versus 4.57 billion units worth RM2.11 billion on Tuesday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said market participants stayed on the sidelines on Wednesday as they awaited greater clarity on Malaysia’s political front.

“We reckon that the market sentiment will remain cautious over the next few days until there is more political clarity,” he told Bernama, projecting the FBM KLCI to continue to hover within the 1,430 and 1,450 range on Thursday.

A Special Meeting of the Malay Rulers will be held Thursday at Istana Negara for the Yang di-Pertuan Agong Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah to seek the views of the Malay Rulers concerning the formation of a new federal government.

Meanwhile, caretaker Prime Minister Datuk Seri Ismail Sabri Yaakob said the caretaker government under his leadership and the caretaker Cabinet, consisting of Members of Parliament that contested in the 15th general election and won their seats, will continue to function.

He said a special Parliament session would be held to table a budget so as to pay the salaries of civil servants before Dec 31 if a new government has not been formed by then.

Among heavyweight stocks on Bursa, Malayan Banking Bhd (Maybank) added one sen to RM8.55, Petronas Chemicals earned eight sen to RM8.78, and IHH Healthcare rose seven sen to RM5.99. CIMB Group Holdings Bhd was flat at RM5.51.

Public Bank Bhd trimmed one sen to RM4.28, Tenaga Nasional Bhd (TNB) shed two sen to RM8.42, while Hong Leong Bank Bhd lost eight sen to RM20.48.

As for the actives, Advance Synergy Bhd slipped half-a-sen to 17.5 sen, Eden Inc Bhd gained 1.5 sen to 19 sen, and Malayan United Industries Bhd was flat at 10 sen. ACE Market debutant ECA Integrated Solution Bhd soared 58.5 sen to finish at 75.5 sen, with 144.45 million shares changing hands.

On the index board, the FBM Emas Index was 19.06 points higher at 10,266.22, the FBMT 100 Index rose 20.8 points to 9,997.43, and the FBM Emas Shariah Index bagged 37.47 points to 10,416.73. The FBM 70 gained 47.61 points to 12,251.24, and the FBM ACE added 1.3 points to 4,973.73.

Sector-wise, the Industrial Products and Services Index edged up 1.01 points to 179.86, the Energy Index advanced 14.58 points to 743.86, and the Plantation Index improved 25.47 points to 6,867.69.

The Financial Services Index, however, trimmed 3.7 points to 16,168.21.

The Main Market volume shrank to 1.84 billion shares worth RM1.33 billion from 3.94 billion shares worth RM1.94 billion on Tuesday.    

Warrant turnover reduced to 259.02 million units valued at RM48.58 million from 320.19 million units valued at RM58.11 million.

The ACE Market volume expanded to 583.73 million shares worth RM256.22 million from 312.46 million shares worth RM115.94 million previously.

Consumer products and services counters accounted for 860.59 million shares traded on the Main Market, industrial products and services (286.44 million), construction (35.04 million), technology (90.1 million), SPAC (nil), financial services (57.06 million), property (112.99 million), plantation (23.39 million), REITs (5.28 million), closed/fund (5,000), energy (112.74 million), healthcare (62.21 million), telecommunications and media (16.61 million), transportation and logistics (29.33 million), and utilities (149.23 million).

Source: The Edge

Market Daily Report: Bursa ends lower for second straight day on cautious market sentiment

KUALA LUMPUR (Nov 22): Bursa Malaysia extended its downbeat mode for the second consecutive day on Tuesday (Nov 22) as market sentiment continued to be weighed by the latest developments in the local political scenario amid a weak external front.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 6.67 points to end trading at 1,441.29 compared with 1,447.96 on Monday.

The market bellwether opened 1.24 points easier at 1,446.72 and moved between 1,435.02 and 1,451.31 throughout the day.

Despite the weak opening, the FBM KLCI started the day higher on bargain-hunting activities, but the momentum declined thereafter as cautious sentiment emerged to curb investors’ risk appetite.

Market breadth was negative with decliners leading advancers 427 to 363, while 415 counters were unchanged, 1,093 untraded, and 14 others suspended.

Turnover increased marginally to 4.57 billion units worth RM2.11 billion versus 4.29 billion units worth RM2.5 billion on Monday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the FBM KLCI remained in negative territory as investors were still wary amid the ongoing uncertainty over the formation of a new Government.

"We reiterate that sentiment on local equities will remain vigilant until a new Government is formed.

“While we have yet to receive updates on the formation of the new Government at this juncture, we maintain the FBM KLCI target for the week at between 1,430 and 1,450, with immediate support at 1,420 and resistance at 1,470,” he told Bernama.

The Yang di-Pertuan Agong Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah has summoned the leaders of Pakatan Harapan and Perikatan Nasional for an audience at Istana Negara on Tuesday afternoon as no member of the Dewan Rakyat received a simple majority to be appointed as the prime minister as provided under Article 43(2)(a) of the Federal Constitution.

His Majesty advised the people to be patient and calm until the process of forming a new Government and the nomination of the 10th prime minister of Malaysia is completed.

Meanwhile, Asian equities were mixed as risk appetite was influenced by the sluggish overnight performance on Wall Street and renewed concern about an economic slowdown in China following its zero Covid-19 policy.

Among heavyweights on Bursa Malaysia, Public Bank Bhd trimmed four sen to RM4.29, IHH Healthcare Bhd fell four sen to RM5.92, Malayan Banking Bhd (Maybank) was flat at RM8.54, and CIMB Group Holdings Bhd was unchanged at RM5.51.

Petronas Chemicals Group Bhd rose six sen to RM8.70, and Tenaga Nasional Bhd (TNB) gained three sen to RM8.44.

As for the actives, Advance Synergy Bhd perked up two sen to 18 sen, Eden Inc Bhd was down two sen to 17.5 sen, Malayan United Industries Bhd was flat at 10 sen, and Dagang NeXchange Bhd rose four sen to 61 sen.

On the index board, the FBM Emas Index was 27.64 points lower at 10,247.16, the FBMT 100 Index declined 28.37 points to 9,976.63, and the FBM Emas Shariah Index dipped 28.23 points to 10,379.26.

The FBM 70 increased 36.68 points to 12,203.63, and the FBM ACE gained 19.93 points to 4,972.43.

Sector-wise, the Industrial Products and Services Index slipped 0.07 of-a-point to 178.85, the Financial Services Index fell 35.87 points to 16,171.91, while the Energy Index perked up 2.91 points to 729.28, and the Plantation Index bagged 3.05 points to 6,842.22.

The Main Market volume expanded to 3.94 billion shares worth RM1.94 billion from 3.60 billion shares worth RM12.33 billion on Monday.    

Warrants turnover declined marginally to 320.19 million units valued at RM58.11 million from 322.42 million units valued at RM46.07 million on Monday.

The ACE Market volume slid to 312.46 million shares worth RM115.94 million from 363.97 million shares worth RM121.19 million previously.

Consumer products and services counters accounted for 2.47 billion shares traded on the Main Market, industrial products and services (339.78 million), construction (29.88 million), technology (210.51 million), SPAC (nil), financial services (57.43 million), property (192.28 million), plantation (20.59 million), REITs (6.43 million), closed/fund (nil), energy (83.39 million), healthcare (92.88 million), telecommunications and media (15.92 million), transportation and logistics (34.74 million), and utilities (386.03 million).

Source: The Edge

Market Daily Report: Bursa ends lower as market awaits new govt formation

KUALA LUMPUR (Nov 21): Bursa Malaysia pared most of its early losses to close marginally lower on Monday (Nov 21), as uncertainty over the formation of a new government continued to weigh on market sentiment.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) shed 1.36 points, or 0.09%, to end at its intraday high of 1,447.96 against 1,449.32 last Thursday.

The market bellwether, which opened 14.77 points lower at 1,434.55, moved in negative territory throughout the day with focus fixed on the final outcome of negotiations among various political parties.

Selloffs during the morning session saw the FBM KLCI falling as much as 21.57 points to the day's low of 1,427.75 at one point, before shrugging off the jitters to climb steadily to recover most of the losses.

The expected downtrend saw decliners outpacing advancers on the broader market by 510 to 378, while 362 counters were unchanged, 1,082 untraded, and 48 others suspended.

Turnover swelled to 4.29 billion units worth RM2.5 billion versus 2.63 billion units valued at RM1.85 billion on Thursday last week.

An economist, who requested anonymity, said the volatility in the equities market on Monday was quite expected given the hung parliament situation which led to some form of uncertainties; however, the market was fairly stable following a seemingly knee-jerk reaction in the early session.

“I think the country has gone through some political turbulence since 2018 along with Covid-19 shocks during 2020 and 2021.

“Therefore, the market is likely to be cautious as the political events are still unfolding. The sooner the new government can be formed, the better it will be for the market,” he told Bernama.

The deadline for political party and coalition leaders to submit their proposed coalition to form the new government and the name of the prime minister candidate, which was initially set at 2pm on Monday, has been extended until 2pm on Tuesday.

Meanwhile, Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the local bourse managed to recoup some of its morning losses as bargain hunting emerged.

He expects local equities to experience greater volatility and uncertainty until a new government is formed.

Among heavyweights, Malayan Banking Bhd (Maybank) slid two sen to RM8.54, IHH Healthcare Bhd slipped one sen to RM5.96, and Hong Leong Bank Bhd gave up four sen at RM20.62.

However, Public Bank Bhd edged up two sen to RM4.33, Petronas Chemicals Group Bhd gained two sen to RM8.64, CIMB Group Holdings Bhd bagged 10 sen to RM5.51, while Tenaga Nasional Bhd (TNB) perked up three sen to RM8.41.

As for the actives, Advance Synergy Bhd gained 3.5 sen to 16 sen, Dagang NeXchange Bhd rose 6.5 sen to 57 sen, Malayan United Industries Bhd added one sen to 10 sen, while Eden Inc Bhd improved 2.5 sen to 19.5 sen.

On the index board, the FBM Emas Index shed 4.43 points to 10,274.81 and the FBMT 100 Index declined 5.81 points to 10,005.

However, the FBM Emas Shariah Index recovered 8.72 points to 10,407.49, the FBM 70 rebounded 7.44 points to 12,166.94, and the FBM ACE increased 37.58 points to 4,952.5.

Sector-wise, the Industrial Products and Services Index edged up 0.32 of-a-point to 178.92, the Energy Index perked up 3.04 points to 726.37, the Financial Services Index rose 31.98 points to 16,207.78, and the Plantation Index erased 41.06 points to 6,839.17.

The Main Market volume surged to 3.6 billion shares worth RM12.33 billion from 1.85 billion shares worth RM1.65 billion on Thursday.    

Warrants turnover decreased to 322.42 million units valued at RM46.07 million from Thursday's 399.82 million units valued at RM75.64 million.

The ACE Market volume slid to 363.97 million shares worth RM121.19 million from 387.19 million shares worth RM120.68 million previously.

Consumer products and services counters accounted for 1.99 billion shares traded on the Main Market, industrial products and services (515.38 million), construction (47.03 million), technology (383.28 million), SPAC (nil), financial services (73.92 million), property (155.75 million), plantation (16.46 million), REITs (6.13 million), closed/fund (18,500), energy (129.21 million), healthcare (98.13 million), telecommunications and media (17.13 million), transportation and logistics (30.84 million), and utilities (141.29 million).

The market was closed last Friday to enable electors to exercise their right to vote in GE15.

Source: The Edge

Market Daily Report: Bursa snaps three-day losing streak ahead of GE15

KUALA LUMPUR (Nov 17): Bursa Malaysia snapped its three-day losing streak to end higher on Thursday (Nov 17), supported by last-minute buying, as some investors took position ahead of the 15th general election (GE15) on Saturday, a dealer said.

At 5pm, the benchmark FBM KLCI index had improved 0.94 point, or 0.06%, to end at 1,449.32, its intraday high, from Wednesday's close at 1,448.38.

The market bellwether opened 1.82 points easier at 1,446.56, and hit an intraday low of 1,441.57 in the afternoon session. 

On the broader market, decliners outpaced gainers 521 to 313, while 405 counters were unchanged, 1,093 untraded, and 47 others suspended.

Turnover widened to 2.63 billion units valued at RM1.85 billion, versus 2.32 billion units valued at RM1.71 billion on Wednesday. 

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng noted that market sentiment remained cautious amid the uncertainty ahead of the GE15, while the region's negative performance weighed on investor sentiment.

“Key regional indices were mostly in the red today (Thursday), following a negative cue from Wall Street overnight. Investors were also digesting a mixed batch of US economic data. 

“Meanwhile, Chinese technology stocks saw sharp losses after its multinational technology and entertainment conglomerate Tencent Holdings Ltd announced the slashing of its US$20 billion stake in Meituan,” he told Bernama. 

Back home, Bursa heavyweights Malayan Banking Bhd (Maybank) gained five sen to RM8.56, Public Bank Bhd added one sen to RM4.31, CIMB Group Holdings Bhd pushed up six sen to RM5.41, and IHH Healthcare Bhd grew by two sen to RM5.97, while Petronas Chemicals Group Bhd was flat at RM8.62. 

Among the actives, Dagang NeXchange Bhd (DNeX) dropped 25 sen to 50.5 sen, Advance Synergy Bhd gained half a sen to 12.5 sen and Malayan United Industries inched up half a sen to nine sen, Perdana Petroleum Bhd increased two sen to 11 sen, while Top Glove Corp Bhd fell 3.5 sen to 92.5 sen and Citaglobal Bhd eased half a sen to 23 sen. 

On the index board, the FBM Emas Shariah Index slipped 54.04 points to 10,398.77, the FBM Emas Index shed 15.72 points to 10,279.24, the FBMT 100 Index slid 13.05 points to 10,010.81, the FBM 70 narrowed 94.55 points to 12,159.50, and the FBM ACE fell by 82.25 points to 4,914.92. 

Sector-wise, the Industrial Products and Services Index eased 0.17 of a point to 178.60, and the Plantation Index weakened 21.97 points to 6,880.23, while the Energy Index grew by 3.23 points to 723.33, and the Financial Services Index expanded 86.49 points to 16,175.80. 

The Main Market volume improved to 1.85 billion shares worth RM1.65 billion, from 1.64 billion shares worth RM1.52 billion on Wednesday.    

Warrant turnover advanced to 399.82 million units valued at RM75.64 million, from 317.42 million units valued at RM60.02 million.

The ACE Market volume went up to 387.19 million shares worth RM120.68 million, from 356.42 million shares worth RM127.41 million previously. 

Consumer product and service counters accounted for 480.06 million shares traded on the Main Market, followed by industrial products and services (384.96 million), construction (40.47 million), technology (389.84 million), special purpose acquisition companies (nil), financial services (78.45 million), property (114.98 million), plantation (20.72 million), real estate investment trusts (3.41 million), closed/funds (5,100), energy (141.68 million), healthcare (140.35 million), telecommunications and media (20.66 million), transportation and logistics (20.34 million), and utilities (11.57 million).

Source: The Edge

Market Daily Report: Bursa extends loss on caution ahead of GE15

KUALA LUMPUR (Nov 16): Bursa Malaysia extended its loss on Wednesday (Nov 16) amid a weaker regional market performance, and as cautious investors offloaded shares ahead of the 15th general election (GE15), a dealer said.

At 5pm, the benchmark FBM KLCI had dipped 2.16 points, or 0.15%, to end at 1,448.38, which was also the index's intraday high, from Tuesday’s close at 1,450.54.

The market bellwether opened 3.04 points easier at 1,447.50, and hit an intraday low of 1,440.59 at midday. 

On the broader market, decliners outpaced gainers 493 to 351, while 401 counters were unchanged, 1,080 untraded, and 13 others suspended.

Turnover eased to 2.32 billion units valued at RM1.71 billion, versus 2.78 billion units valued at RM1.68 billion on Tuesday.

Malacca Securities Sdn Bhd senior analyst Kenneth Leong told Bernama the KLCI remained downbeat due to selling pressure on selected heavyweight banking, plantation and glove stocks. 

"Looking ahead, we reckon that the fragile sentiment may continue, as we approach the end of the holiday-shortened trading week ahead of the GE15.

"For now, the key focus is on the outcome of the GE15, while externally, investors will be keeping an eye on US manufacturing and industrial production data," he said, adding that technically, the immediate resistance level is seen at 1,465, while support is located at 1,440. 

He also attributed the weakness in the region’s stock markets to escalating geopolitical tensions, after a Russian-made rocket landed and claimed two lives in eastern Poland, near Ukraine.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng reckoned that investors were waiting for further developments on the geopolitical front for direction for investment decisions, both globally and regionally.

"On the domestic front, we expect some bargain-hunting activities to emerge due to the current cheap valuations. Last-minute buying may happen before the market closes on the last trading day before the election day. It happened before in previous elections," he noted. 

As such, he anticipates the KLCI to trend within the range of 1,440 to 1,460 on Thursday.

On the local bourse, heavyweights Malayan Banking Bhd (Maybank) gained one sen to RM8.51, Public Bank Bhd lost seven sen to RM4.30, and CIMB Group Holdings Bhd shed six sen to RM5.35. IHH Healthcare Bhd eased one sen to RM5.95, while Petronas Chemicals Group Bhd was flat at RM8.62. 

Among the actives, Advance Synergy Bhd inched down by half a sen to 12 sen, Top Glove Corp Bhd slipped one sen to 96 sen, and Malaysia Steel Works (KL) Bhd added 9.5 sen to 36 sen. Hiap Teck Venture Bhd climbed up two sen to 26.5 sen, and Tanco Holdings Bhd improved four sen to 35 sen. 

On the index board, the FBM Emas Index dipped 20.71 points to 10,294.96, the FBMT 100 Index gave up 21.11 points to 10,023.86, and the FBM 70 lost 50.52 points to 12,254.05. The FBM ACE dropped 15.95 points to 4,997.17.

However, the FBM Emas Shariah Index was up by 8.84 points to 10,452.81.

Sector-wise, the Financial Services Index dropped 82.42 points to 16,089.31, the Energy Index slid 5.33 points to 720.10, and the Plantation Index narrowed 29.26 points to 6,902.20. The Industrial Products and Services Index rose 0.11 of a point to 178.77.

The Main Market volume retreated to 1.64 billion shares worth RM1.52 billion, from 1.82 billion shares worth RM1.44 billion on Tuesday.    

Warrant turnover declined to 317.42 million units valued at RM60.02 million, from 424.43 million units valued at RM71.52 million.

The ACE Market volume was cut down to 356.42 million shares worth RM127.41 million, from 538.95 million shares worth RM165.33 million previously. 

Consumer product and service counters accounted for 371.83 million shares traded on the Main Market, followed by industrial products and services (567.28 million), construction (44.12 million), technology (121.90 million), special purpose acquisition companies (nil), financial services (73.88 million), property (135.84 million), plantation (14.87 million), real estate investment trusts (6.03 million), closed/funds (17,700), energy (131.50 million), healthcare (109.81 million), telecommunications and media (21.41 million), transportation and logistics (31.46 million), and utilities (12.65 million).

Source: The Edge

Market Daily Report: Bursa ends lower for second day running ahead of GE15

KUALA LUMPUR (Nov 15): Bursa Malaysia closed lower for a second consecutive day on Tuesday (Nov 15), with the key index falling 0.92%, as sentiment turned jittery with investors trimming their positions ahead of the 15th general election (GE15), said a dealer. 

At 5pm, the benchmark FBM KLCI had lost 13.46 points to end at 1,450.54, from Monday’s close at 1,464.00. 

The market bellwether opened 2.49 points easier at 1,461.51, its intraday high, and hit its day's low of 1,447.87 in the early morning session. 

On the broader market, losers outpaced gainers 541 to 332, while 376 counters were unchanged, 1,076 untraded, and 13 others suspended.

Turnover eased to 2.78 billion units valued at RM1.68 billion, versus 2.80 billion units valued at RM1.57 billion on Monday.   

Malacca Securities Sdn Bhd senior analyst Kenneth Leong expects the cautious sentiment to linger towards the end of the week, as investors adopt the wait-and-see approach until they see the outcome of the GE15. 

At the same time, the focus would also be centred on the ongoing quarterly reporting season, he told Bernama. 

"We noticed that the healthcare sector (down 2.3%) snapped a seven-day winning streak to underperform the most in a negatively broader market, as profit-taking activities kicked in.

"Technically, the KLCI's immediate resistance is spotted at 1,465, while near-term support is seen at 1,440," said Leong. 

Meanwhile, Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng reckoned that the selldown over the past few days offers a buying opportunity for investors amid a strong inflow of foreign funds.

He anticipates the KLCI to trend within the 1,450 to 1,480 range for the week, with immediate resistance at 1,470 and support at 1,420.

Heavyweights Malayan Banking Bhd (Maybank) slipped nine sen to RM8.50 on Tuesday, Public Bank Bhd eased one sen to RM4.37, Petronas Chemicals Group Bhd dropped 10 sen to RM8.62, CIMB Group Holdings Bhd fell eight sen to RM5.41, and IHH Healthcare Bhd shed three sen to RM5.96. 

Among the actives, Advance Synergy Bhd declined 1.5 sen to 12.5 sen, Top Glove Corp Bhd shed five sen to 97 sen, KNM Group Bhd gained 1.5 sen to 6.5 sen, Borneo Oil Bhd was unchanged at two sen, and XOX Bhd was flat at 2.5 sen.

On the index board, the FBM Emas Shariah Index was down by 76.41 points to 10,443.97, the FBM Emas Index dipped 79.50 points to 10,315.67, the FBMT 100 Index gave up 83.02 points to 10,044.97, and the FBM 70 declined 60.90 points to 12,304.57, while the FBM ACE improved 3.09 points to 5,013.12. 

Sector-wise, the Financial Services Index dropped 117.19 points to 16,171.73, the Industrial Products and Services Index fell 0.48 of a point to 178.66, and the Energy Index slipped 6.32 points to 725.43, whereas the Plantation Index climbed 29.10 points to 6,931.46. 

The Main Market volume decreased to 1.82 billion shares worth RM1.44 billion, from 1.85 billion shares worth RM1.31 billion on Monday.    

Warrant turnover declined to 424.43 million units valued at RM71.52 million, from 427.98 million units valued at RM82.36 million.

The ACE Market volume increased to 538.95 million shares worth RM165.33 million, from 519.70 million shares worth RM171.71 million previously. 

Consumer product and service counters accounted for 467.83 million shares traded on the Main Market, followed by industrial products and services (444.47 million), construction (47.50 million), technology (133.53 million), special purpose acquisition companies (nil), financial services (59.46 million), property (146.62 million), plantation (11.39 million), real estate investment trusts (5.27 million), closed/funds (3,000), energy (160.05 million), healthcare (242.79 million), telecommunications and media (18.92 million), transportation and logistics (64.13 million), and utilities (13.88 million).

Source: The Edge

Market Daily Report: Bursa ends lower on profit taking

KUALA LUMPUR (Nov 14): Bursa Malaysia ended lower on Monday (Nov 14) on profit-taking activities amid mixed sentiment across the region, a dealer said.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 4.21 points, or 0.29%, to end at 1,464 compared to last Friday’s close of 1,468.21.

The market bellwether opened 0.78 points better at 1,468.99, its intraday high, and hit a low of 1,459.05 in the early morning session.

On the broader market, losers led gainers 445 to 431, while 393 counters were unchanged, 1,056 untraded, and 13 others suspended.

Turnover eased to 2.80 billion units valued at RM1.57 billion versus 3.43 billion units valued at RM2.42 billion last Friday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the key regional indices ended mixed despite the broadly positive cues from Wall Street last Friday as investors took profit following the strong gains in the previous session.

"On the domestic front, we are positive on the return of foreign funds into the region which may boost investor sentiment.

"We expect the market uptrend to resume and anticipate the FBM KLCI to trend within the 1,450 to 1,480 range for the week with immediate resistance at 1,470 and support at 1,420," he told Bernama.

Meanwhile, Bursa Malaysia heavyweights Malayan Banking Bhd (Maybank) slipped one sen to RM8.59, IHH Healthcare Bhd fell one sen to RM5.99, and Petronas Chemicals Group Bhd declined one sen to RM8.72. Public Bank Bhd slid seven sen to RM4.38, and CIMB Group Holdings Bhd dipped three sen to RM5.49.

Among the actives, Advance Synergy Bhd eased half-a-sen to 14 sen, while both Techna-X Bhd and G3 Global Bhd shed half-a-sen to three sen. Top Glove Corp Bhd rose six sen to RM1.02, and Icon Offshore Bhd gained one sen to 14.5 sen.

On the index board, the FBM Emas Shariah Index declined 9.2 points to 10,520.38, the FBM Emas Index shrank 21.73 points to 10,395.17, the FBMT 100 Index narrowed 23.6 points to 10,127.99, the FBM ACE fell 83.28 points to 5,010.03, and the FBM 70 eased 6.55 points to 12,365.47.

Sector-wise, the Financial Services Index declined 64.31 points to 16,288.92, the Plantation Index shed 0.37 of-a-point to 6,902.36, the Industrial Products and Services Index inched down 0.26 of-a-point to 179.14, and the Energy Index climbed 7.43 points to 731.75.

The Main Market volume decreased to 1.85 billion shares worth RM1.31 billion from 2.09 billion shares worth RM2.05 billion on Friday.     

Warrants turnover dwindled to 427.98 million units valued at RM82.36 million from 562.32 million units valued at RM111.49 million.   

The ACE Market volume tumbled to 519.7 million shares worth RM171.71 million from 780.17 million shares worth RM262.79 million previously.

Consumer products and services counters accounted for 586.45 million shares traded on the Main Market, industrial products and services (356.33 million); construction (67.81 million); technology (96.11 million); SPAC (nil), financial services (46.23 million); property (165.4 million); plantation (18.9 million); REITs (3.93 million), closed/fund (10,700); energy (230.28 million); healthcare (226.81 million); telecommunications and media (17.8 million); transportation and logistics (25.07 million); and utilities (7.5 million).

Source: The Edge

Market Daily Report: Bursa ends broadly higher, KLCI up 1.27%

KUALA LUMPUR (Nov 11): Bursa Malaysia ended broadly higher on the last day of the week, lifted by a strong recovery in global equities and the newly released positive economic data for the third quarter of 2022 (3Q2022), said a dealer.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) strengthened 1.27%, or 18.47 points, to 1,468.21 from Thursday's close of 1,449.74.

The market bellwether, which opened 17.45 points better at 1,467.19, moved between 1,459.54 and 1,468.21 throughout the day.

On the broader market, gainers trounced decliners 667 to 275, while 401 counters were unchanged, 999 untraded, and 30 others suspended.

Turnover eased to 3.43 billion units valued at RM2.42 billion versus 3.47 billion units worth RM1.45 billion on Thursday.

Bank Negara Malaysia on Friday (Nov 11) revealed that Malaysia's economy grew by 14.2% in 3Q2022 supported by continued expansion in domestic demand, firm recovery in the labour market, robust electrical and electronics (E&E) as well as non-E&E exports, and ongoing policy support.

Regionally, key indices rose tremendously following the positive performance on Wall Street overnight, said Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng.

"Moderations in the data fuelled bets that the Federal Reserve may ease the pace of its monetary tightening campaign, with investors shrugging off chair Jerome Powell's assertion earlier this month that a policy shift is not imminent and China’s policies to support the property sector," he told Bernama.

Meanwhile, Bursa Malaysia heavyweights Malayan Banking Bhd (Maybank) lost four sen to RM8.60, Public Bank Bhd lifted two sen to RM4.45, Petronas Chemicals Group Bhd gained nine sen to RM8.73, CIMB Group Holdings Bhd added four sen to RM5.52, and IHH Healthcare Bhd rose three sen to RM6.

Among the actives, Advance Synergy Bhd improved half-a-sen to 13.5 sen, Top Glove Corp Bhd climbed 7.5 sen to 96 sen, Careplus Group Bhd went up 2.5 sen to 51.5 sen, and Supermax Corp Bhd shed one sen to 94 sen.

On the index board, the FBM Emas Index perked up 145.89 points to 10,416.9, the FBMT 100 Index rose 143.06 points to 10,151.59, the FBM ACE garnered 109.52 points to 5,093.31, the FBM Emas Shariah Index jumped 205.69 points to 10,529.58, and the FBM 70 increased 235.98 points to 12,372.02.

Sector-wise, the Financial Services Index added 26.41 points to 16,353.23, the Healthcare Index improved 26.31 points to 1,730.45, and the Industrial Products, and Services Index climbed 4.63 points to 179.4.

The Plantation Index bagged 71.35 points to 6,902.73, and the Energy Index advanced 13.76 points to 724.32.

The Main Market volume widened to 2.09 billion shares worth RM2.05 billion from 2.08 billion shares worth RM1.25 billion on Thursday.     

Warrant turnover surged to 562.32 million units valued at RM111.49 million from 279.45 million units valued at RM48.9 million.  

The ACE Market shrank to 780.17 million shares worth RM262.79 million from 1.11 billion shares worth RM144.66 million previously.

Consumer products and services counters accounted for 432.72 million shares traded on the Main Market, industrial products and services (471.18 million), construction (64.56 million), technology (237.46 million), SPAC (nil), financial services (66.16 million), property (165.21 million), plantation (23.49 million), REITs (8.72 million), closed/fund (34,100), energy (178.69 million), healthcare (361.55 million), telecommunications and media (30.37 million), transportation and logistics (41.31 million), and utilities (11.38 million).

Source: The Edge

Market Daily Report: Bursa closes mixed amid weak regional sentiment; KLCI ends 3.55 points higher

KUALA LUMPUR (Nov 10): Bursa Malaysia closed mixed on Thursday (Nov 10) with the key index rising slightly, supported by gains in half of the key index components, particularly glove-related heavyweight stocks, amid a downbeat regional performance.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 0.25%, or 3.55 points, to end at 1,449.74 compared to Wednesday's close of 1,446.19.

The market bellwether, which opened 3.88 points weaker at 1,442.31, moved between 1,440.76 and 1,453.27 throughout the day.

However, on the broader market, decliners beat gainers 468 to 344, while 394 counters were unchanged, 1,120 untraded, and 28 others suspended.

Turnover improved to 3.47 billion units valued at RM1.45 billion versus 3.07 billion units worth RM1.72 billion on Wednesday.

Looking ahead, Malacca Securities Sdn Bhd senior analyst Kenneth Leong said investors' attention would be shifted towards Malaysia's third quarter gross domestic product (GDP) data, which will be released on Friday.

"The consensus is pointing towards a growth of 11.7% year-on-year," he told Bernama.

The key index may trade in rangebound mode between 1,420 and 1,465 level going forward, given that sentiment would be cautious ahead of the 15th general election next week, he said.

"The focus will also be on the upcoming barrage of corporate earnings releases in the final two weeks of the month," he added.

Meanwhile, Bursa Malaysia heavyweights Top Glove Corp Bhd added 4.5 sen to 88.5 sen, Hartalega Holdings Bhd gained seven sen to RM2.06, and Malayan Banking Bhd (Maybank) inched up one sen to RM8.64. IHH Healthcare Bhd was unchanged at RM5.97 and Petronas Gas Bhd lost two sen at RM16.96.

Among the actives, Advance Synergy Bhd improved 1.5 sen to 13 sen while XOX Bhd went up half-a-sen to 20 sen, and Fintec Global Bhd gained half-a-sen to 1.5 sen. Key Alliance Group Bhd was flat at one sen, and Euro Holdings Bhd slid three sen to 10.5 sen.

On the index board, the FBM Emas Index gained 11.56 points to 10,271.01, the FBMT 100 Index rose 14.77 points to 10,008.53, and the FBM ACE earned 51.45 points to 4,983.79. The FBM Emas Shariah Index perked up 0.14 of a point to 10,323.89, while the FBM 70 was 21.21 points weaker at 12,136.03.

Sector-wise, the Financial Services Index added 65.98 points to 16,326.82, the Healthcare Index grew 26.02 points to 1,704.14, and the Industrial Products and Services Index climbed 0.45 point to 174.77.

The Plantation Index shed 18.18 points to 6,831.38, and the Energy Index slid 11.07 points to 710.56.

The Main Market volume declined to 2.08 billion shares worth RM1.25 billion from 2.24 billion shares worth RM1.52 billion on Wednesday.

Warrant turnover slipped to 279.45 million units valued at RM48.9 million from 294.86 million units valued at RM66.88 million.

The ACE Market expanded to 1.11 billion shares worth RM144.66 million from 528.83 million shares worth RM126.66 million previously.

Consumer products and services counters accounted for 755.07 million shares traded on the Main Market, industrial products and services (526.9 million); construction (65.43 million); technology (109.07 million); SPAC (nil), financial services (42.83 million); property (131.19 million); plantation (16.31 million); REITs (5.41 million), closed/fund (15,000); energy (107.13 million); healthcare (163.47 million); telecommunications and media (35.72 million); transportation and logistics (115.43 million); and utilities (11.26 million).

Source: The Edge

Market Daily Report: KLCI ends 0.33% higher, regional markets mixed

KUALA LUMPUR (Nov 9): Bursa Malaysia closed marginally higher on Wednesday (Nov 9), with the key index gaining 0.33%, in sync with the mixed performance in regional markets, said a dealer. 

At 5pm, the benchmark FBM KLCI had risen 4.84 points to end at 1,446.19, from Tuesday's close at 1,441.35.

The market bellwether, which opened 2.27 points firmer at 1,443.62, moved between 1,439.69 and 1,447.15 throughout the day. 

On the broader market, gainers led losers 425 to 404, while 401 counters were unchanged, 1,085 untraded, and eight others suspended.

Turnover increased to 3.07 billion units valued at RM1.72 billion, versus 3.04 billion units worth RM1.57 billion on Tuesday.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said regionally, the key indices ended mixed, as investors awaited the US midterm election results.

"On top of that, China’s annualised producer prices fell for the first time in October, underlining faltering domestic demand and disruption to production amid strict Covid-19 measures,” he told Bernama.

According to an international news report, China’s producer price index fell by 1.3% in October, the first decline since December 2020.

Back home, Thong expects buying momentum to continue given cheap valuations of local stocks and persistent inflows of foreign funds, despite the cautious market undertone in the region.

"We anticipate the KLCI to hover within the 1,440-1,460 range for the remainder of the week, with immediate support at 1,420 and resistance at 1,460," he said. 

Bursa heavyweights Malayan Banking Bhd (Maybank) added 13 sen to RM8.63, Public Bank Bhd gained two sen to RM4.40, CIMB Group Holdings Bhd rose two sen to RM5.44, Petronas Chemicals Group Bhd was unchanged at RM8.55, and IHH Healthcare Bhd dipped three sen to RM5.97.

Among the actives, Advance Synergy Bhd eased one sen to 11.5 sen, Top Glove Corp Bhd lost half a sen to 84 sen, Citaglobal Bhd declined three sen to 26 sen, Avillion Bhd rose 1.5 sen to 10.5 sen, and Euro Holdings Bhd perked up 4.5 sen to 13.5 sen.   

On the index board, the FBM Emas Index increased 32.81 points to 10,259.45, the FBM 70 was 34.76 points firmer at 12,157.24, and the FBMT 100 Index rose 32.30 points to 9,993.76.

The FBM Emas Shariah Index perked 15.38 points to 10,323.74, and the FBM ACE slid 9.09 points to 4,932.34. 

Sector-wise, the Financial Services Index ticked up 99.47 points to 16,260.84, the Plantation Index rose 14.50 points to 6,849.56, and the Industrial Products and Services Index climbed 0.70 of a point to 174.32, while the Energy Index shed 2.83 points to 721.63.

The Main Market volume declined to 2.24 billion shares worth RM1.52 billion, from 2.27 billion shares worth RM1.35 billion on Tuesday.    

Warrant turnover improved to 294.86 million units valued at RM66.88 million, from 217.63 million units valued at RM49.35 million.

The ACE Market volume fell to 528.83 million shares worth RM126.66 million, from 556.79 million shares worth RM166.19 million previously.

Consumer product and service counters accounted for 703.46 million shares traded on the Main Market, followed by industrial products and services (522.73 million), construction (64.29 million), technology (133.33 million), special purpose acquisition companies (nil), financial services (72.51 million), property (200.43 million), plantation (24.25 million), real estate investment trusts (8.08 million), closed/funds (3,100), energy (217.93 million), healthcare (191.55 million), telecommunications and media (21.70 million), transportation and logistics (70.20 million), and utilities (14.59 million).

Source: The Edge

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

KUALA LUMPUR (Nov 8): Bursa Malaysia reversed early gains to end marginally lower on Tuesday (Nov 8), weighed down by persistent profit taking, in tandem with the weakness in most regional peers as investors remain cautious ahead of the US inflation data due on Thursday, said a dealer.

At 5pm, the benchmark FBM KLCI eased 0.77 of-a-point, or 0.05%, to end at 1,441.35 compared to Monday's close of 1,442.12.

The market bellwether, which opened five points firmer at 1,447.12, moved between 1,433.29 and 1,447.85 throughout the day.

On the broader market, losers outpaced gainers 470 to 361, while 381 counters were unchanged, 1,103 untraded, and nine others suspended.

Turnover increased to 3.04 billion units valued at RM1.57 billion versus 2.79 billion units worth RM1.64 billion on Monday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said investors were likely to stay cautious due to increasing market volatility on the domestic front.

"As such, we anticipate the benchmark index to trend sideways, slightly bias towards positive, within the 1,430-1,460 range for the remainder of the week, with immediate support at 1,420 and resistance at 1,460,” he told Bernama.

Meanwhile, Bursa Malaysia heavyweights Malayan Banking Bhd (Maybank) added two sen to RM8.50, Public Bank Bhd rose three sen to RM4.38, CIMB Group Holdings Bhd gained seven sen to RM5.42, while Petronas Chemicals Group Bhd was both flat at RM8.55, and IHH Healthcare Bhd  was unchanged at RM6.

Among the actives, Advance Synergy Bhd ticked up 3.5 sen to 12.5 sen, Top Glove Corp Bhd improved 5.5 sen to 84.5 sen, Malayan United Industries Bhd went up 1.5 sen to 10.5 sen, Tanco Holdings Bhd shed 5.5 sen to 38.5 sen, and Borneo Oil Bhd was unchanged at two sen.

On the index board, the FBM Emas Index declined 18.25 points to 10,226.64, the FBM 70 was 70.85 points weaker at 12,122.48 and the FBMT 100 Index fell 17.57 points to 9,961.46.

The FBM Emas Shariah Index slipped 53.5 points to 10,308.36 and the FBM ACE slid 8.4 points to 4,941.43.

Sector-wise, the Financial Services Index rose 59.22 points to 16,161.36, the Plantation Index climbed 10.07 points to 6,835.06, the Industrial Products and Services Index eased 0.69 of-a-point to 173.62 and the Energy Index shed 3.66 points to 724.46.

The Main Market volume widened to 2.27 billion shares worth RM1.35 billion from 2.06 billion shares worth RM1.42 billion on Monday.    

Warrants turnover shrank to 217.63 million units valued at RM49.35 million from 323.34 million units valued at RM81.72 million.

The ACE Market volume swelled to 556.79 million shares worth RM166.19 million from 408.32 million shares worth RM140.39 million previously.

Consumer products and services counters accounted for 783.67 million shares traded on the Main Market, industrial products and services (485.83 million), construction (80.03 million), technology (109.62 million), SPAC (nil), financial services (52.16 million), property (308.95 million), plantation (18.56 million), REITs (4.69 million), closed/fund (nil), energy (137.67 million), healthcare (191.1 million), telecommunications and media (22.62 million), transportation and logistics (65.44 million), and utilities (13.2 million).

Source: The Edge

Market Daily Report: Bursa ends higher amid improved regional market sentiment

KUALA LUMPUR (Nov 7): Bursa Malaysia reversed earlier losses to close higher on Monday (Nov 7) amid improved regional market sentiment and last-minute buying in local equities led by Maxis Bhd and PPB Group Bhd, a dealer said.

At 5pm, the benchmark FBM KLCI improved 3.84 points, or 0.27%, to end at 1,442.12 compared to Friday's close of 1,438.28.

The market bellwether opened 2.9 points better at 1,441.18 and hit the day's high of 1,442.66 in the early morning session.

On the broader market, gainers led losers 441 to 438, while 380 counters were unchanged, 1,066 untraded, and 18 others suspended.

Turnover increased to 2.79 billion units valued at RM1.64 billion versus 2.39 billion units worth RM1.72 billion last Friday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said key indices in regional bourses trended mostly higher, following the broadly positive cues from global markets on Friday.

"As for the local bourse, we are cautiously optimistic given the improvement in the local market sentiment and the returning of foreign funds," he told Bernama.

He also expects the market uptrend to continue and anticipated the FBM KLCI to trend within the 1,430-1,470 range for the week, with immediate resistance at 1,460 and support at 1,400.

Meanwhile, SPI Asset Management managing partner Stephen Innes said the gains will be limited ahead of the US consumer price index data on Thursday, which is set to be the next marker for the Federal Open Market Committee's (FOMC) decision on interest rates.

"Asian traders are looking for signs of a China reopening, and the markets will pre-position for a reopening by buying regional equities,” he said.

Meanwhile, Bursa Malaysia heavyweights Maxis added 10 sen to RM3.89, PPB Group gained 46 sen to RM16.66, Digi.Com Bhd rose eight sen to RM3.88, Axiata Group Bhd increased five sen to RM2.86, and Malayan Banking Bhd (Maybank) climbed three sen to RM8.48.

Among the actives, Advance Synergy Bhd ticked up 2.5 sen to nine sen, Tanco Holdings Bhd went up three sen to 44 sen, Top Glove Corp Bhd perked up 2.5 sen to 79 sen, TWL Holdings Bhd eased half-a-sen to three sen, and Borneo Oil Bhd was flat at two sen.

On the index board, the FBM Emas Index expanded 27.39 points to 10,244.89, the FBM 70 was 51.2 points firmer at 12,193.33 and the FBMT 100 Index added 30.11 points to 9,979.03.

The FBM Emas Shariah Index bagged 34.77 points to 10,361.86 while the FBM ACE added 30.65 points to 4,949.83.

Sector-wise, the Financial Services Index garnered 9.44 points to 16,102.14, the Industrial Products and Services Index inched up 0.53 of-a-point to 174.31, the Plantation Index climbed 3.97 points to 6,824.99, and the Energy Index put on 2.84 points to 728.12.

The Main Market volume rose to 2.06 billion shares worth RM1.42 billion from 1.53 billion shares worth RM1.47 billion on Friday.    

Warrants turnover shrank to 323.34 million units valued at RM81.72 million from 406.11 million units valued at RM94.98 million.  

The ACE Market volume dipped to 408.32 million shares worth RM140.39 million from 438.38 million shares worth RM153.12 million previously.

Consumer products and services counters accounted for 496.07 million shares traded on the Main Market, industrial products and services (507.18 million), construction (51.59 million), technology (186.66 million), SPAC (nil), financial services (54.76 million), property (378.89 million), plantation (22.39 million), REITs (4.58 million), closed/fund (34,300), energy (160.43 million), healthcare (110.63 million), telecommunications and media (21.33 million), transportation and logistics (59.46 million), and utilities (8.9 million).

Source: The Edge

Market Daily Report: Bursa stages rebound on China reopening hopes, KLCI closes at intraday high

KUALA LUMPUR (Nov 4): The Malaysian stock market surged on Friday (Nov 4), closing at an intraday high amid a buoyant regional performance driven by hopes that China will soon relax its strict Covid-19 restrictions, dealers said.

At 5pm, the benchmark FBM KLCI jumped 17.9 points, or 1.26%, to end at the intraday high of 1,438.28, compared to Thursday's close of 1,420.38.

The market bellwether opened 5.14 points higher at 1,425.52 and reached the lowest level at 1,422.08.

On the broader market, gainers led decliners 588 to 269, while 391 counters were unchanged, 1,078 untraded, and 19 others suspended.

Turnover was slightly lower at 2.39 billion units valued at RM1.72 billion versus 2.63 billion units worth RM1.89 billion on Thursday.

Malacca Securities Sdn Bhd’s senior analyst Kenneth Leong said the FBM KLCI staged a quick rebound on Friday with more than two-thirds of the key index components closing in the green.

“The positive move was largely in line with gains across regional markets that were driven by optimism that China may relax its strict Covid-19 measures,” he told Bernama.

Rakuten Trade Sdn Bhd's vice president of equity research Thong Pak Leng agrees, saying an imminent relaxation of China's Covid-19 curbs is expected, which will lift economic activity in the world’s second largest economy.

Meanwhile, heavyweight stocks Malayan Banking Bhd (Maybank) added four sen to RM8.45, and Press Metal Aluminium Holdings Bhd rose four sen RM4.39, while IHH Healthcare Bhd gained 13 sen to RM6.04. Kuala Lumpur Kepong Bhd lost four sen to RM20.92.

Public Bank Bhd was unchanged at RM4.36, and Telekom Malaysia Bhd (TM) was flat at RM5.35.

Among the actives, Citaglobal Bhd added 1.5 sen to 30.5 sen, Top Glove Corp Bhd went up 4.5 sen to 76.5 sen, and AwanBiru Technology Bhd was flat at 49.5 sen.

On the index board, the FBM Emas Index expanded 113.97 points to 10,217.49, the FBM 70 was 82.43 points firmer at 12,142.13 and the FBMT 100 Index added 110.72 points to 9,948.92.

The FBM Emas Shariah Index surged 168.54 points to 10,327.09 while the FBM ACE added 32.75 points to 4,919.18.

Sector-wise, the Financial Services Index gained 37.05 points to 16,092.69, the Industrial Products and Services Index edged up 1.52 points to 173.78 and the Plantation Index climbed 103.99 points to 6,821.02.

The Energy Index grew 17.24 points to 725.28.

The Main Market volume fell to 1.53 billion shares worth RM1.47 billion from 1.84 billion shares worth RM1.63 billion on Thursday.    

Warrant turnover widened to 406.11 million units valued at RM94.98 million from 244.84 million units valued at RM49.21 million.  

The ACE Market volume was lower at 438.38 million shares worth RM153.12 million from 537.29 million shares worth RM209.44 million previously.

Consumer products and services counters accounted for 191.52 million shares traded on the Main Market, industrial products and services (522.3 million), construction (66.29 million), technology (130.57 million), SPAC (nil), financial services (76.96 million), property (137.1 million), plantation (28.78 million), REITs (5.3 million), closed/fund (100,200), energy (164.49 million), healthcare (148.39 million), telecommunications and media (18.51 million), transportation and logistics (32.76 million), and utilities (10.13 million).

Source: The Edge

Market Daily Report: Bursa ends more than 2% lower at intraday low

KUALA LUMPUR (Nov 3): Bursa Malaysia ended at an intraday low of 1,420.38 on Thursday (Nov 3), with selling pressure seen across the board, amid weak regional market sentiments, dealers said.

At 5pm, the FBM KLCI had declined by 31.23 points or 2.15%, from Wednesday's close at 1,451.61.

The benchmark index opened 3.29 points lower at its intraday high of 1,448.32.

On the broader market, losers thumped gainers 660 to 238, while 361 counters were unchanged, 1,066 untraded, and nine others suspended.

Turnover was higher at 2.63 billion units valued at RM1.89 billion, versus 2.49 billion units valued at RM1.78 billion on Wednesday.

Malacca Securities Sdn Bhd senior analyst Kenneth Leong said the local bourse remained in the red throughout the day, spooked by hawkish remarks from the US Federal Reserve over the pace of future interest rate hikes as inflationary pressure persisted.

The analyst said the weakness was also largely in tandem with mostly negative performances across regional peers.

Back home, Bank Negara Malaysia delivered another 25-basis-point hike in the overnight policy rate to 2.75%, which was largely in line with consensus expectations.

Moving forward, the focus will shift to the impending release of a barrage of corporate earnings as well as the upcoming 15th general election.

“With the KLCI slipping below the 1,430 support level, we reckon that downside risks remain prevalent with the next support level at 1,410, while resistance is at 1,465,” he told Bernama.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng predicted that the KLCI would consolidate in the near term due to negative sentiment globally, although bargain-hunting may prevail.

“We anticipate the benchmark index to trend sideways within 1,415-1,430 towards the weekend,” he added.

On the local bourse, heavyweights Malayan Banking Bhd (Maybank) lost 13 sen to RM8.41, Petronas Chemicals Group Bhd fell 15 sen to RM8.50, CIMB Group Holdings Bhd decreased 14 sen to RM5.35, Tenaga Nasional Bhd (TNB) slipped 17 sen to RM8.23, and Public Bank Bhd went down nine sen to RM4.36.

Among the actives, Top Glove Corp Bhd slid nine sen to 72 sen. Advance Synergy Bhd lost half a sen to 6.5 sen, whereas Alam Maritim Resources Bhd declined half a sen as well to 1.5 sen.

Citaglobal Bhd added 1.5 sen to 29 sen, while Solution Group Bhd rose two sen to 32 sen.

On the index board, the FBM Emas Index dipped 193.92 points to 10,103.52, the FBM 70 slid 141.15 points to 12,059.70, and the FBMT 100 Index slipped 192.66 points to 9,838.19.

The FBM Emas Shariah Index declined 209.12 points to 10,158.55, while the FBM ACE trimmed 67.41 points to 4,886.43. 

Sector-wise, the Financial Services Index sank 270.46 points to 16,055.64, the Industrial Products and Services Index edged down 2.56 points to 172.26, the Plantation Index shed 119.66 points to 6,717.03, and the Energy Index eased 2.29 points to 708.04.

The Main Market volume edged up to 1.84 billion shares worth RM1.63 billion, from 1.66 billion shares worth RM1.52 billion on Wednesday.    

Warrant turnover declined to 244.84 million units valued at RM49.21 million, from 253.71 million units valued at RM48.42 million.

The ACE Market volume was slightly lower at 537.29 million shares worth RM209.44 million, from 573.93 million shares worth RM212.18 million previously.

Consumer product and service counters accounted for 375.42 million shares traded on the Main Market, followed by industrial products and services (423.83 million), construction (42.51 million), technology (96.52 million), special purpose acquisition companies (nil), financial services (81.20 million), property (252.67 million), plantation (27.17 million), real estate investment trusts (4.83 million), closed/funds (39,100), energy (202.28 million), healthcare (265.56 million), telecommunications and media (20.82 million), transportation and logistics (40.21 million), and utilities (8.11 million).

Source: The Edge

Market Daily Report: Bursa snaps Tuesday's losses to end higher

KUALA LUMPUR (Nov 2): Bursa Malaysia reversed Tuesday's (Nov 1) losses to close in the positive territory on Wednesday in line with the strong performance on regional peers on hopes the US Federal Reserve will be less aggressive on the interest rates hike.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) ticked up 5.69 points to 1,451.61 from Tuesday's close of 1,445.92.

The key index, which opened 5.06 points higher at 1,450.98, moved between 1,442.89 and 1,451.92 throughout the day.

The broader market was also positive with gainers beating gainers 487 to 340, while 442 counters were unchanged, 1,049 untraded, and 13 others suspended.

Turnover was marginally lower at 2.49 billion units valued at RM1.78 billion versus 2.98 billion units valued at RM1.56 billion on Tuesday.

SPI Asset Management managing partner Stephen Innes said it was a relatively quiet trading session on Wednesday as local investors pinned their hopes on the Fed being less hawkish in its interest rates decision on Wednesday night with forward guidance after the rate hike.

A softer Fed stance would be very positive for Malaysian stocks and the currency.

“There is some mild optimism that China may open borders sooner than expected but we are still waiting for official confirmation.

“So the market is really on a holding pattern ahead of tonight's FOMC [outcome] where a 75 basis points (bps) hike is expected but the question now is what will the Fed do in December and beyond,” he told Bernama.

Asian shares wobbled in cautious trading on Wednesday as investors braced for the Fed's policy outcome with many looking for any signs of a slowdown in future rate hikes.

Back home, analysts said local investors were also awaiting the outcome of Bank Negara Malaysia's (BNM) monetary policy committee meeting on Wednesday and Thursday, wherein the markets anticipated that the central bank may look to hike the overnight policy rate by 25bps.

On the local bourse, heavyweights Malayan Banking Bhd (Maybank) was flat at RM8.54 while Tenaga Nasional Bhd was unchanged at RM8.40, Public Bank Bhd rose four sen to RM4.45, Petronas Chemicals Group Bhd added two sen to RM8.65, and CIMB Group Holdings Bhd gained one sen to RM5.49.

Among the actives, KNM Group Bhd increased half-a-sen to 4.5 sen, Solution Group Bhd went up two sen to 30 sen, Widad Group Bhd was flat at 40.5 sen while Advance Synergy Bhd was unchanged at seven sen, and Hibiscus Petroleum Bhd fell one sen to 98.5 sen.

On the index board, the FBM Emas Index was 30.31 points higher at 10,297.44, the FBMT 100 increased 28.72 points to 10,030.85, the FBM Emas Shariah advanced 31.97 points to 10,367.67, the FBM ACE garnered 75.82 points to 4,953.84, and the FBM 70 erased 7.73 points to 12,200.85.

Sector-wise, the Industrial Products and Services Index edged up 0.15 of-a-point to 174.82, the Plantation Index expanded 43.76 points to 6,836.69, the Financial Services Index perked up 13.8 points to 16,326.1 while the Energy Index was 14.83 points higher at 710.33.

The Main Market volume dwindled to 1.66 billion shares worth RM1.52 billion from 2.03 billion shares worth RM1.30 billion on Tuesday.    

Warrants turnover declined to 253.71 million units valued at RM48.42 million from 419.53 million units valued at RM81.75 million.  

The ACE Market volume climbed to 573.93 million shares worth RM212.18 million from 526.71 million shares worth RM189.21 million previously.   

Consumer products and services counters accounted for 303.24 million shares traded on the Main Market, industrial products and services (388.25 million), construction (53.43 million), technology (122.69 million), SPAC (nil), financial services (68.79 million), property (216.64 million), plantation (47.79 million), REITs (5.02 million), closed/fund (28,500), energy (247.33 million), healthcare (122.47 million), telecommunications and media (15.87 million), transportation and logistics (62.25 million), and utilities (8.65 million).

Source: The Edge