Market Daily Report: Bursa ends 2022 on high note despite KLCI failing to stay above 1,500 level

KUALA LUMPUR (Dec 30): Bursa Malaysia took a slight breather in the late session as profit-taking set in on the final trading day of this year, before regaining momentum to swing to an upbeat mode despite the barometer index failing to stay above the key 1,500 level.

The morning session performance was stellar until the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) began to fluctuate between gains and losses in the afternoon session to end the day at 1,495.49, up 3.86 points, thanks to the rally in Petronas Dagangan Bhd and Tenaga Nasional Bhd stocks.

The market bellwether opened 0.3 points higher at 1,491.93 and hit an intra-day high of 1,503.33 and an intra-day low of 1,479.13 on Friday (Dec 30).

Market breadth turned mixed with 445 gainers and 443 losers, while 413 counters were unchanged, 954 untraded, and 49 others suspended.

Turnover was unchanged at 2.43 billion units but value was higher at RM2.51 billion compared to Thursday’s RM1.52 billion.

Year-to-date, the index dipped 3.6% against 1,549.05 recorded at the close on Jan 3.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said said investors began to book profit from surging stocks, pressuring the index significantly in the afternoon session.

Other regional markets were also positive but ended the day with modest gains, mirroring the local trend.

Japan's Nikkei 225 ended almost flat at 26,094.5, Straits Times Index added 0.06% to 3,251.32, Hang Seng Index was 0.2% higher at 19,781.41, and Shanghai Composite Index was 0.51% higher at 3,089.26.

The domestic market earlier on Friday saw strong window-dressing activities from foreign funds and local retail investors.

"Overall, the FBM KLCI is trading at around 13 times the price-to-earnings ratio as compared with its five-year average of around 18 times, hence still offering potential upsides," he told Bernama.

Among the heavyweights, Petronas Dagangan soared RM1 to RM23, Tenaga Nasional jumped 17 sen to RM9.63, and Sime Darby Bhd added nine sen to RM2.30.

Nestle (Malaysia) Bhd chalked up RM2 to RM140, Kuala Lumpur Kepong Bhd bagged 40 sen to RM22.36, and Telekom Malaysia Bhd was 10 sen higher at RM5.40.

On the other hand, Public Bank Bhd lost three sen to RM4.32, Malayan Banking Bhd (Maybank) eased four sen to RM8.70, and Maxis Bhd was five sen lower at RM3.84.

As for the actives, Advance Synergy Bhd was flat at 17.5 sen, Top Glove Corp Bhd shed half-a-sen to 90.5 sen, AHB Holdings Bhd gained half-a-sen to 12 sen, and Cypark Resources Bhd rose five sen to 47 sen.

On the index board, the FBM Emas Index increased 20.35 points to 10,701.55, the FBMT 100 Index went up 19.22 points to 10,419.8, and the FBM Emas Shariah Index garnered 54.15 points to 10,938.55.

The FBM 70 Index fell 9.41 points to 13,015.02 while the FBM ACE Index eased 37.88 points to 5,308.33.

Sector-wise, the Financial Services Index dipped 35.4 points to 16,501.31, the Plantation Index added 36.76 points to 7,084.68, the Industrial Products and Services Index put on 0.55 points to 181.78, and the Energy Index perked up 1.88 points to 776.19.

The Main Market volume expanded to 1.5 billion shares worth RM2.2 billion against 1.4 billion shares worth RM1.25 billion on Thursday.

Warrants turnover increased to 370.58 million units valued at RM73.08 million versus 334.31 million units valued at RM68.49 million.

The ACE Market volume dwindled to 563.76 million shares worth RM239.11 million compared with 695.04 million shares worth RM202.06 million previously.

Consumer products and services counters accounted for 346.91 million shares traded on the Main Market, industrial products and services (329.77 million), construction (36.59 million), technology (210.49 million), SPAC (nil), financial services (89.27 million), property (89.23 million), plantation (35.80 million), REITs (3.59 million), closed/fund (nil), energy (67.56 million), healthcare (114.92 million), telecommunications and media (68.62 million), transportation and logistics (53.79 million), and utilities (50.48 million).

Source: The Edge

Market Daily Report: FBM KLCI ends at intraday high, boosted by banking, utilities stocks

KUALA LUMPUR (Dec 29): Bursa Malaysia ended in an upbeat mode on Thursday (Dec 29) on window dressing in banking, utilities, and plantation counters.

Lower liners under the ACE Market have also put on a steady recovery from earlier losses.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) jumped 11.52 points to end at an intraday high of 1,491.63 from Wednesday's closing of 1,480.11.

The market bellwether opened 3.84 points lower at 1,476.27 and hit its lowest of 1,472.54 during the mid-morning session.

Market breadth turned positive with gainers outpacing losers 482 to 398 gainers, while 404 counters were unchanged, 984 untraded, and 63 others suspended.

Turnover, however, declined to 2.43 billion units worth RM1.52 billion versus 2.65 billion units worth RM1.82 billion on Wednesday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the FBM KLCI continued its uptrend despite the regional market weakness, thanks to buying support from foreign funds and local retail investors.

Regionally, key indices were mostly in the negative territory following the selldown on global markets overnight.

“Back home, we believe the direction for the benchmark index will remain positive.

"Global investors expect an economic boost from China's relaxed Covid-19 restrictions, while the western bloc will continue to deal with the lagging effect of monetary tightening that could put a damper on economic growth," he told Bernama.

Hence, Thong believes global funds will return to East Asia in 2023 and expects Malaysia to benefit from the spillover effects.

"As such, we see the FBM KLCI breaking the 1,500 mark towards the year-end," he added.

Among the heavyweights, CIMB Group Holdings Bhd perked up 15 sen to RM5.80, RHB Bank Bhd rose 15 sen to RM5.75, Public Bank Bhd added five sen to RM4.35, Sime Darby Plantation Bhd increased eight sen to RM4.65, and IHH Healthcare Bhd gained 10 sen to RM6.23.

Tenaga Nasional Bhd added 16 sen to RM9.46, and Kuala Lumpur Kepong Bhd was 26 sen higher at RM21.96.

Of the actives, Top Glove Corp Bhd added 1.5 sen to 91 sen, while EA Holdings Bhd stood at one sen, followed by Eduspec Holdings Bhd at two sen and Vinvest Capital Holdings Bhd at 19.5 sen, as all three counters were flat.

On the index board, the FBM Emas Index rose 62.3 points to 10,681.2, the FBMT 100 Index went up 64.9 points to 10,400.58, the FBM Emas Shariah Index garnered 34.02 The Edgeoints to 10,884.4, the FBM 70 Index ticked up 14.2 points to 13,024.43, while the FBM ACE Index put on 58.51 points to 5,346.21.

Sector-wise, the Financial Services Index climbed 167.67 points to 16.535.71, the Plantation Index inched up 47.7 points to 7,047.92, the Industrial Products and Services Index improved 0.33 of-a-point to 181.23, while the Energy Index shed 9.3 points to 774.31.

The Main Market volume dwindled to 1.4 billion shares worth RM1.25 billion against 1.6 billion shares worth RM1.5 billion on Wednesday.

Warrants turnover fell to 334.31 million units valued at RM68.49 million versus 397.96 million units valued at RM75.8 million on Wednesday.

The ACE Market volume expanded to 695.04 million shares worth RM202.06 million compared with 650.66 million shares worth RM245 million previously.

Consumer products and services counters accounted for 245.23 million shares traded on the Main Market, industrial products and services (419.85 million), construction (27.8 million), technology (157.68 million), SPAC (nil), financial services (52.67 million), property (74.36 million), plantation (20.53 million), REITs (3.73 million), closed/fund (25,000), energy (160.63 million), healthcare (157.29 million), telecommunications and media (20.13 million), transportation and logistics (37.63 million), and utilities (21.37 million).

Source: The Edge

Market Daily Report: Bursa snaps three-day losing streak on bargain-hunting

KUALA LUMPUR (Dec 22): Bursa Malaysia snapped a three-day losing streak to end higher on Thursday (Dec 22), as bargain-hunting emerged, in line with regional markets, said a dealer.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 0.4% or 5.8 points to 1,468.35 from Wednesday's closing of 1,462.55.

The market bellwether, which opened 1.24 points better at 1,463.79, moved between 1,462.41 and 1,468.35 throughout the day.

On the broader market, gainers thumped losers 447 to 386, while 424 counters were unchanged, 1,007 untraded, and 22 others suspended.

Turnover was reduced to 2.50 billion units worth RM1.33 billion versus 2.91 billion units worth RM1.71 billion on Wednesday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said key regional indices were broadly higher on Thursday following a positive cue from Wall Street overnight.

“On the domestic trend, we expect the market undertone to remain steady due to improving investor sentiment and we expect the index to stay positive going forward.

“Furthermore, with buying support from the local institutions, we anticipate the FBM KLCI to continue its uptrend, within the range of 1,460 to 1,490 towards the weekend," he told Bernama.

From a technical point of view, Thong expects strong support at 1,460, with resistance at 1,500.

Bursa heavyweight Malayan Banking Bhd (Maybank) dropped seven sen to RM8.71, Public Bank Bhd eased one sen to RM4.40, CIMB Group Holdings Bhd slipped one sen to RM5.78, Tenaga Nasional Bhd lost three sen to RM9.14, and Petronas Chemicals Group Bhd gained 32 sen to RM8.40.

Of the actives, Reneuco Bhd gained 4.5 sen to 30 sen, Top Glove Corp Bhd climbed 3.5 sen to 75.5 sen, and Citaglobal Bhd inched up half-a-sen to 29.5 sen, while Advance Synergy Bhd was flat at 18 sen, and Serba Dinamik Holdings Bhd was unchanged at one sen.

On the index board, the FBM Emas Index was up by 45.15 points to 10,539.9, the FBM Emas Shariah Index rose 97.5 points to 10,649.67, the FBM 70 Index improved 71.2 points to 12,884.88, the FBM ACE Index bagged 35.8 points to 5,501.65, and the FBMT 100 Index earned 44.14 points to 10,249.67.

Sector-wise, the Plantation Index garnered 48.65 points to 6,822, and the Industrial Products and Services Index ticked up 3.11 points to 178.5.

However, the Energy Index was down 2.44 points to 781.83, and the Financial Services Index narrowed 50.67 points to 16,551.51.   

The Main Market volume contracted to 1.44 billion shares worth RM986.39 million against 1.63 billion shares worth RM1.24 billion on Wednesday.

Warrants turnover rose to 365.2 million units valued at RM90.05 million versus 298.01 million units valued at RM49.1 million.

The ACE Market volume shrank to 694.25 million shares worth RM252.66 million compared with 981.97 million shares worth RM420.68 million previously.

Consumer products and services counters accounted for 411.44 million shares traded on the Main Market, industrial products and services (369.24 million), construction (44.33 million), technology (125.75 million), SPAC (nil), financial services (40.23 million), property (58.98 million), plantation (12.52 million), REITs (3.7 million), closed/fund (6,100), energy (186.36 million), healthcare (121.25 million), telecommunications and media (25.39 million), transportation and logistics (30.26 million), and utilities (13.1 million).

Source: The Edge

Market Daily Report: Bursa ends lower for third consecutive day

KUALA LUMPUR (Dec 21): Bursa Malaysia finished lower for the third consecutive day on Wednesday (Dec 21) due to persistent selling in heavyweights as investors remained wary following the surge in sovereign bond yields overnight, a dealer said.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 0.33% or 4.77 points to 1,462.55 from Tuesday's closing of 1,467.32.

The market bellwether, which opened 0.31 of-a-point easier at 1,467.01, moved between 1,458.82 and 1,469.42 throughout the day.

On the broader market, losers thumped gainers 502 to 357, while 413 counters were unchanged, 992 untraded, and 22 others suspended.

Turnover improved to 2.91 billion units worth RM1.71 billion versus 2.77 billion units worth RM1.78 billion on Tuesday.

SPI Asset Management managing director Stephen Innes said investors were also concerned about the higher US interest rates, which could blunt any hope for a global soft landing.

"In Asia, traders are still playing slower growth as China reopens versus the possibility of higher than expected growth in 2023. Bursa Malaysia could teeter-totter around these narratives into the year-end," he told Bernama.

It was reported the Bank of Japan (BOJ) is adding to the rate hike angst after the US Federal Reserve and European Central Bank surprised the market with their hawkish side last week.

Japan's central bank unexpectedly tweaked its bond yield control, which allows long-term interest rates to rise more.

"The BOJ has triggered the surge in yields globally," Innes explained.

On the home front, Bursa Malaysia heavyweights Malayan Banking Bhd (Maybank) gained eight sen to RM8.78, and Public Bank Bhd added four sen to RM4.41, while Petronas Chemicals Group Bhd shed 10 sen to RM8.08, CIMB Group Holdings Bhd gave up three sen to RM5.79, and Tenaga Nasional Bhd (TNB) lost one sen to RM9.17.

Of the actives, Citaglobal Bhd perked up 1.5 sen to 29 sen, Unique Fire Holdings Bhd rose 1.5 sen to 24.5 sen, Nylex (M) Bhd advanced 5.5 sen to 37.5 sen, while Advance Synergy Bhd eased half-a-sen to 18 sen, and JAKS Resources Bhd slid four sen to 24 sen.

On the index board, the FBM Emas Index was down by 38.1 points to 10,494.75, the FBMT 100 Index fell 34.69 points to 10,205.53, the FBM Emas Shariah Index dropped 88.9 points to 10,552.17, the FBM 70 Index gave up 49.53 points to 12,813.68, and the FBM ACE Index shed 8.48 points to 5,465.85.

Sector-wise, the Plantation Index slipped 48.23 points to 6,773.35, the Industrial Products and Services Index inched down by 2.34 points to 175.39, while the Financial Services Index rose 53.83 points to 16,602.18, and the Energy Index edged up 1.07 points to 784.27.   

The Main Market volume improved to 1.63 billion shares worth RM1.24 billion against 1.53 billion shares worth RM1.32 billion on Tuesday.

Warrants turnover rose to 298.01 million units valued at RM49.1 million versus 252.68 million units valued at RM59.34 million.

The ACE Market volume eased to 981.97 million shares worth RM420.68 million compared with 988.72 million shares worth RM401.51 million previously.

Consumer products and services counters accounted for 268.23 million shares traded on the Main Market, industrial products and services (591.51 million), construction (116.7 million), technology (184.04 million), SPAC (nil), financial services (39.65 million), property (87.5 million), plantation (15.45 million), REITs (4.84 million), closed/fund (8,100), energy (158.37 million), healthcare (71.87 million), telecommunications and media (46.19 million), transportation and logistics (32.03 million), and utilities (15.17 million).

Source: The Edge

Market Daily Report: Bursa ends lower, mirroring regional markets

KUALA LUMPUR (Dec 20): Bursa Malaysia ended lower on Tuesday (Dec 20) in tandem with the decline in regional markets as hawkish central banks narrative continued to weigh on global risk sentiment, said an analyst.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) dipped 0.66% or 9.77 points to 1,467.32 from Monday's closing of 1,477.09.

The market bellwether, which opened 3.36 points easier at 1,473.73, moved between 1,464.86 and 1,476.23 during the day.

On the broader market, losers thumped gainers 544 to 328, while 401 counters were unchanged, 965 untraded and 12 others suspended.

Turnover fell to 2.77 billion units worth RM1.78 billion versus 3.02 billion units worth RM1.79 billion on Monday.

SPI Asset Management managing director Stephen Innes said the Bank of Japan (BOJ) is adding to the rate hike angst after the US Federal Reserve (Fed) and European Central Bank (ECB) surprised the market with their hawkish side last week.

Asian shares reportedly fell sharply on Tuesday after Japan's central bank unexpectedly tweaked its bond yield control, which allows long-term interest rates to rise more.

"Stocks are still struggling to come to terms with that. The global stocks are slumping, and the FBM KLCI is no exception, joining the regional beatdown.

"Besides that, the expected multiple surges of Covid-19 waves are adding more uncertainty to the global economies," he told Bernama.

Meanwhile, Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng expects market sentiment on the local bourse to remain cautious due to external factors such as increasing market risks and volatility on global markets.

“Nonetheless, valuations of the FBM KLCI remain cheap, hence we believe bargain-hunting may set in moving forward.

"We expect the benchmark index to move within the 1,460 to 1,490 range for the remainder of the week," he said.

Bursa Malaysia heavyweights Malayan Banking Bhd (Maybank) decreased one sen to RM8.70, Public Bank Bhd fell three sen to RM4.37, Petronas Chemicals Group Bhd slid 33 sen to RM8.18, Tenaga Nasional Bhd (TNB) slipped 13 sen to RM9.18, while CIMB Group Holdings Bhd gained four sen to RM5.82.

Of the actives, Leform Bhd added two sen to 23.5 sen, Yew Lee Pacific Group Bhd perked up half-a-sen to 43 sen, Advance Synergy Bhd eased two sen to 18.5 sen, Sunview Group Bhd slipped two sen to 59.5 sen, and Serba Dinamik Holdings Bhd was flat at 1.5 sen.

On the index board, the FBM Emas Index was down by 69.15 points to 10,532.85, the FBMT 100 Index fell 68.32 points to 10,240.22, the FBM Emas Shariah Index dropped 103.16 points to 10,641.07, the FBM 70 Index gave up 86.37 points to 12,863.21, and the FBM ACE Index shed 3.47 points to 5,474.33.

Sector-wise, the Plantation Index slipped 49.96 points to 6,821.58, the Industrial Products and Services Index inched down by 3.49 points to 177.73, the Financial Services Index dipped 9.49 points to 16,548.35, and the Energy Index eased 3.96 points to 783.2.    

The Main Market volume declined to 1.53 billion shares worth RM1.32 billion against 1.71 billion shares worth RM1.25 billion on Monday.

Warrants turnover decreased to 252.68 million units valued at RM59.34 million versus 287.06 million units valued at RM68.46 million.

The ACE Market volume dwindled to 988.72 million shares worth RM401.51 million compared to 1.02 billion shares worth RM473.25 million previously.

Consumer products and services counters accounted for 363.7 million shares traded on the Main Market, industrial products and services (334.87 million), construction (48.4 million), technology (223.55 million), SPAC (nil), financial services (51.48 million), property (73.09 million), plantation (15.49 million), REITs (2.55 million), closed/fund (5,000), energy (244.49 million), healthcare (84.03 million), telecommunications and media (31.36 million), transportation and logistics (41.2 million), and utilities (17.59 million).

Source: The Edge

Market Daily Report: Bursa ends marginally lower

KUALA LUMPUR (Dec 19): Bursa Malaysia ended marginally lower on Monday (Dec 19) as buying emerged during the final minutes of trading amid weakness in most key regional markets as concerns over rising interest rates and a potential recession in 2023 weighed on sentiment, said an analyst.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) declined by 0.1% or 1.45 points to 1,477.09 from last Friday's closing of 1,478.54.

The barometer index, which opened 1.82 points lower at 1,476.72, moved between 1,471.57 and 1,477.41 during the day.

On the broader market, decliners thumped advancers 495 versus 393, while 416 counters were unchanged, 941 untraded and 19 others suspended.

Turnover stood at 3.02 billion units worth RM1.79 billion versus 3.33 billion units worth RM2.24 billion last Friday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said key regional indices are mostly in the red as investors are cautiously awaiting several economic data from the US and China, which will be announced this week.  

“As for the local bourse, we believe the market undertone would remain cautious amid the weak performance of the global equity market although bargain-hunting activities may prevail.

“As such, we anticipate the index to trend within the 1,470 to 1,490 range for the week. Technically, we see strong support at 1,460 with resistance at 1,500,” he told Bernama.

Among Bursa heavyweights, Malayan Banking Bhd (Maybank) fell one sen to RM8.71, Public Bank Bhd added two sen to RM4.40, and Tenaga Nasional Bhd (TNB) gained 16 sen to RM9.31, while both Petronas Chemicals Group Bhd was flat at RM8.51 and CIMB Group Holdings Bhd was unchanged at RM5.78.

Of the actives, Advance Synergy Bhd gave up 1.5 sen to 20.5 sen, Sunview Group Bhd advanced 11 sen to 61.5 sen, Yew Lee Pacific Group Bhd rose five sen to 42.5 sen, Cosmos Technology International Bhd ticked up 16 sen to 65.5 sen, and Borneo Oil Bhd was flat at 2.5 sen.

On the index board, the FBM Emas Index trimmed 5.21 points to 10,602, the FBMT 100 Index gave up 3.75 points to 10,308.54, and the FBM Emas Shariah Index was 4.19 points weaker at 10,744.23.

However, the FBM 70 Index bagged 22.92 points to 12,949.58, and the FBM ACE Index climbed 15.86 points to 5,477.8.

Sector-wise, the Plantation Index dropped 166.39 points to 6,871.54, the Industrial Products and Services Index eased 0.04 of-a-point to 181.22, the Energy Index slipped 4.15 points to 787.16, and the Financial Services Index was 5.66 points easier at 16,557.84.

The Main Market volume declined to 1.71 billion shares worth RM1.25 billion against 2.29 billion shares worth RM1.91 billion last Friday.

Warrants turnover decreased to 287.06 million units valued at RM68.46 million versus 306.58 million units valued at RM72.03 million.

The ACE Market volume improved to 1.02 billion shares worth RM473.25 million compared to 730.46 million shares worth RM258.38 million previously.

Consumer products and services counters accounted for 538.68 million shares traded on the Main Market, industrial products and services (442.18 million), construction (66.85 million), technology (199.41 million), SPAC (nil), financial services (57.27 million), property (57.2 million), plantation (18.4 million), REITs (3.44 million), closed/fund (10,800), energy (192.33 million), healthcare (58.64 million), telecommunications and media (29.43 million), transportation and logistics (31.95 million), and utilities (18.99 million).

Source: The Edge

Market Daily Report: Late buying pushes KLCI to close at day's high, up 0.78%

KUALA LUMPUR (Dec 16): Bursa Malaysia ended the week in positive territory, after late buying of selected plantation heavyweights lifted the benchmark index by 0.78%, despite volatility in regional markets.

At 5pm on Friday (Dec 16), the FBM KLCI had risen by 11.41 points to 1,478.54, from Thursday's closing at 1,467.13.

The barometer index opened 5.37 points lower at 1,461.76, and went down to 1,459.31 in the morning session, before climbing up to its intraday high of 1,478.54 in the final hours of trading.

However, on the broader market, decliners edged advancers 488 versus 409, while 414 counters were unchanged, 963 untraded, and 48 others suspended.

Turnover improved to 3.33 billion units worth RM2.24 billion versus 2.54 billion units worth RM1.91 billion on Thursday.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said key regional indices ended mostly in downbeat mode, following broadly negative cues from global markets overnight. 

Among the heavyweights, Malayan Banking Bhd (Maybank) gained two sen to RM8.72 a share, Public Bank Bhd stayed flat at RM4.38, Petronas Chemicals Group Bhd rose five sen to RM8.51, CIMB Group Holdings Bhd earned three sen to RM5.78, Sime Darby Plantation Bhd jumped 42 sen to RM4.77, and Tenaga Nasional Bhd (TNB) lost six sen to RM9.15.

Among the actives, Advance Synergy Bhd ticked up three sen to 22 sen, Borneo Oil Bhd was flat at 2.5 sen and Malayan United Industries Bhd was unchanged at 8.5 sen, Dagang NeXchange Bhd (DNeX) added half a sen to 52.5 sen, and Sapura Energy Bhd was down half a sen to four sen.

On the index board, the FBM Emas Index appreciated by 56.31 points to 10,607.21, the FBMT 100 Index advanced 61.38 points to 10,312.29, and the FBM Emas Shariah Index was 78.64 points higher at 10,748.42.

The FBM 70 Index earned 3.99 points to 12,926.66, while the FBM ACE Index eased 9.65 points to 5,461.94.

Sector-wise, the Financial Services Index strengthened by 28.0 points to 16,563.50, the Plantation Index surged 333.52 points to 7,037.93, the Industrial Products and Services Index added 0.24 of a point to 181.26, and the Energy Index gave up 3.29 points to 791.31.

The Main Market volume rose to 2.29 billion shares worth RM1.91 billion, against 1.57 billion shares worth RM1.55 billion on Thursday.

Warrant turnover increased to 306.58 million units valued at RM72.03 million, versus 283.83 million units valued at RM59.64 million.

The ACE Market volume improved to 730.46 million shares worth RM258.38 million, compared to 676.83 million shares worth RM299.49 million previously.

Consumer product and service counters accounted for 633.47 million shares traded on the Main Market, followed by industrial products and services (685.27 million), construction (54.55 million), technology (285.56 million), special purpose acquisition companies (nil), financial services (79.61 million), property (76.73 million), plantation (34.64 million), real estate investment trusts (4.74 million), closed/funds (5,100), energy (204.34 million), healthcare (107.02 million), telecommunications and media (68.02 million), transportation and logistics (37.33 million), and utilities (18.80 million).

Source: The Edge

Market Daily Report: Bursa succumbs to selling pressure, KLCI down 1.08%

KUALA LUMPUR (Dec 15): Bursa Malaysia ended in the negative territory in tandem with heavy selling across the region as investors tread cautiously amid a hawkish tone on the global interest rate hike, an analyst said.  

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) declined by 1.08% or 16.04 points to 1,467.13 from Wednesday's closing of 1,483.17.

The barometer index, which opened 1.39 points lower at 1,481.78, moved in a declining mode between 1,466.25 and 1,482.11 during the day.

On the broader market, decliners thumped advancers 584 versus 307, while 402 counters were unchanged, 980 untraded, and 41 others suspended.

Turnover improved slightly to 2.54 billion units worth RM1.91 billion against 2.51 billion units worth RM1.90 billion on Wednesday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng told Bernama that regional key indices closed mostly lower amid lingering concerns about inflation and the prospect of aggressive rate hikes.

In addition, he said rising Covid-19 cases in China also weighed on market sentiment.

Nevertheless, on the home front, he said the selldown may offer the opportunity to bargain hunt for stocks at lower levels.

"We anticipate the FBM KLCI to trend sideways towards the weekend, within the range of between 1,465 and 1,485," he said.

Among Bursa Malaysia heavyweights, Malayan Banking Bhd (Maybank) lost seven sen to RM8.70, Public Bank Bhd dropped six sen to RM4.38, Petronas Chemicals Group Bhd eased four sen to RM8.46, CIMB Group Holdings Bhd trimmed eight sen to RM5.75, and Tenaga Nasional Bhd (TNB) fell 13 sen to RM9.21.

Among the actives, Advance Synergy Bhd gained 1.5 sen to 19 sen, PT Resources Holdings Bhd rose 6.5 sen to 57.5 sen, Nylex (Malaysia) Bhd was 6.5 sen higher at 28 sen, while Top Glove Corp Bhd fell five sen to 73.5 sen, and Pesona Metro Holdings Bhd went down two sen to 20 sen.

On the index board, the FBM Emas Index dipped 101.81 points to 10,550.9, the FBMT 100 Index declined 105.71 points to 10,250.91, while the FBM Emas Shariah Index slid 113.13 points to 10,669.78.

The FBM 70 Index slipped 107.86 points to 12,922.67, and the FBM ACE Index shed 39.4 points to 5,471.59.  

Sector-wise, the Financial Services Index shaved off 134.07 points to 16,535.5, the Plantation Index lost 36.48 points to 6,704.41, the Industrial Products and Services Index eased 0.36 of-a-point to 181.02, and the Energy Index gave up 0.76 of-a-point to 794.6.

The Main Market volume rose slightly to 1.57 billion shares worth RM1.55 billion versus 1.52 billion shares worth RM1.55 billion on Wednesday.

Warrants turnover increased to 283.83 million units valued at RM59.64 million from 268.73 million units valued at RM65.2 million.

The ACE Market volume dropped to 676.83 million shares worth RM299.49 million against 723.65 million shares worth RM284.05 million previously.

Consumer products and services counters accounted for 431.06 million shares traded on the Main Market, industrial products and services (413.53 million), construction (70.76 million), technology (185.47 million), SPAC (nil), financial services (67.16 million), property (80.62 million), plantation (28.53 million), REITs (5.22 million), closed/fund (15,300), energy (98.93 million), healthcare (85.88 million), telecommunications and media (56.19 million), transportation and logistics (38.69 million), and utilities (10.83 million).

Source: The Edge

Market Daily Report: Bursa ends firmer on bargain-hunting

KUALA LUMPUR (Dec 14): Bursa Malaysia rebounded from Tuesday's (Dec 13) loss to end in positive territory as bargain-hunting emerged, in line with the regional markets’ uptrend performance.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 0.89% or 13.05 points to 1,483.17 from Tuesday's closing of 1,470.12

The barometer index opened 1.77 points higher at 1,471.89 and moved between 1,471.64 and 1,483.17 throughout the day.

On the broader market, gainers surpassed decliners 532 versus 384, while 418 counters were unchanged, 940 untraded and 13 others suspended.

Turnover slightly narrowed to 2.51 billion units worth RM1.90 billion versus 2.69 billion units worth RM1.84 billion on Tuesday.

Malacca Securities Sdn Bhd senior analyst Kenneth Leong said the local bourse recovered all its previous losses this week, driven by the optimism over the potential slower rate hike from the US Federal Reserve (Fed).

“For now, investors will be monitoring the US Fed interest rate decision later tonight (Wednesday, Dec 14) as well as guidance over future rate hikes moving into 2023.

“In the meantime, we expect the local bourse to stage further recovery as we approach year-end which typically may see window dressing activities towards the final weeks of the year,” he said.

Bursa heavyweights Malayan Banking Bhd (Maybank) added two sen to RM8.77, Public Bank Bhd gained nine sen to RM4.44, Petronas Chemicals Group Bhd rose two sen to RM8.50, CIMB Group Holdings Bhd bagged seven sen to RM5.83, and Tenaga Nasional Bhd earned 13 sen to RM9.34.

Of the actives, SNS Network Technology Bhd was up two sen to 27 sen, Advance Synergy Bhd ticked up half-a-sen to 17.5 sen, Top Glove Corp Bhd was flat at 78.5 sen, Borneo Oil Bhd was unchanged at 2.5 sen, ITMAX System Bhd ticked up one sen to RM1.39, while Dataprep Holdings Bhd lost half-a-sen to 25 sen.

On the index board, the FBM Emas Index advanced 73.17 points to 10,652.71, the FBMT 100 Index appreciated by 74.02 points to 10,356.62, and the FBM Emas Shariah Index strengthened 75.1 points to 10,782.91.

The FBM 70 Index edged up 24.53 points to 13,030.53, and the FBM ACE Index climbed 16.09 points to 5,510.99.  

Sector-wise, the Financial Services Index was 97.44 points higher at 16,669.57, the Plantation Index went up 54.96 points to 6,740.89, the Industrial Products and Services Index increased 0.77 of-a-point to 181.38, and the Energy Index added 10.64 points to 795.36.    

The Main Market volume slightly narrowed to 1.52 billion shares worth RM1.55 billion from 1.55 billion shares worth RM1.49 billion on Tuesday.

Warrants turnover decreased to 268.73 million units valued at RM65.20 million versus 284.18 million units valued at RM57.91 million.

The ACE Market volume dropped to 723.65 million shares worth RM284.05 million against 852.07 million shares worth RM290.35 million previously.

Consumer products and services counters accounted for 303.14 million shares traded on the Main Market, industrial products and services (435.81 million), construction (36.13 million), technology (276.91 million), SPAC (nil), financial services (77.28 million), property (81.31 million), plantation (25.87 million), REITs (3.84 million), closed/fund (5,000), energy (75.87 million), healthcare (114.82 million), telecommunications and media (38.09 million), transportation and logistics (35.52 million), and utilities (16.99 million).

Source: The Edge

Market Daily Report: Bursa ends lower on persistent selling in selected heavyweights

KUALA LUMPUR (Dec 13): Bursa Malaysia ended in negative territory due to persistent selling in selected heavyweights led by plantation and telecommunication stocks, despite the upbeat mode on regional markets.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 4.26 points to 1,470.12 from Monday's closing of 1,474.38.

The barometer index, which opened 2.15 points higher at 1,476.53, moved between 1,469.47 and 1,477.29 in a choppy trading session throughout the day.

On the broader market, losers led gainers 482 versus 411, while 389 counters were unchanged, 980 untraded, and 10 others suspended.

Turnover expanded to 2.69 billion units worth RM1.84 billion versus 2.52 billion units worth RM1.52 billion on Monday.

SPI Asset Management managing partner Stephen Innes said Asian stocks relatively experienced a quiet trading on Tuesday as investors awaited the crucial US consumer price index data later and the US Federal Open Market Committee's (FOMC) decision on monetary policy on Wednesday.

"The big question for Bursa Malaysia investors is whether last month's positive US inflation surprise was an aberration or a true sign that peak inflation is behind us.

"The Federal Reserve can ease off the rate hikes sooner than later, which will pivot local stocks much higher," he told Bernama.

Bursa Malaysia heavyweights Malayan Banking Bhd (Maybank) perked up five sen to RM8.75, Public Bank Bhd eased one sen to RM4.39, Petronas Chemicals Group Bhd was flat at RM8.48, CIMB Group Holdings Bhd added two sen to RM5.76, and Tenaga Nasional Bhd (TNB) rose one sen to RM9.21.

Of the actives, market debutant ITMAX System Bhd advanced 31 sen to RM1.38, SNS Network Technology Bhd increased 2.5 sen to 25 sen, Dataprep Holdings Bhd shed four sen to 25.5 sen, AT Systematization Bhd was flat at 1.5 sen, and Advance Synergy Bhd slipped one sen to 17 sen.

On the index board, the FBM Emas Index shed 6.98 points to 10,579.54, the FBMT 100 Index slipped 5.98 points to 10,282.6, and the FBM Emas Shariah Index dipped 25.34 points to 10,707.81.

The FBM 70 Index increased 87.73 points to 13,006, and the FBM ACE Index went up 1.26 points to 5,494.9.  

Sector-wise, the Financial Services Index was 32.3 points higher at 16,572.13, the Plantation Index declined 66.56 points to 6,685.93, the Industrial Products and Services Index slid 0.82 of-a-point to 180.61, while the Energy Index rose 6.26 points to 784.72.    

The Main Market volume expanded to 1.55 billion shares worth RM1.49 billion from 1.40 billion shares worth RM1.18 billion on Monday.

Warrants turnover decreased to 284.18 million units valued at RM57.91 million versus Monday's 324.57 million units valued at RM60.57 million.

The ACE Market volume improved to 852.07 million shares worth RM290.35 million against 800.79 million shares worth RM273.9 million previously.

Consumer products and services counters accounted for 302.61 million shares traded on the Main Market, industrial products and services (373.19 million), construction (45.03 million), technology (309.62 million), SPAC (nil), financial services (64.32 million), property (120.74 million), plantation (24.38 million), REITs (3.69 million), closed/fund (8,000), energy (158.64 million), healthcare (72.35 million), telecommunications and media (28.64 million), transportation and logistics (33.45 million), and utilities (11.87 million).

Source: The Edge

Market Daily Report: Bursa ends marginally lower on cautious sentiment

KUALA LUMPUR (Dec 12): Bursa Malaysia ended marginally lower on Monday (Dec 12) in tandem with the negative cues from the regional markets' performance amid heightened cautious sentiment, an analyst said.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 2.81 points to 1,474.38 from Friday's closing of 1,477.19.  

The barometer index, which opened 1.58 points lower at 1,475.61 — its intraday high, dropped to as low as 1,468.85 in the morning session and maintained its choppy and narrow-range trading in the afternoon session.

On the broader market, decliners thumped advancers 532 versus 368, while 377 counters were unchanged, 986 untraded, and 12 others suspended.

Turnover declined to 2.52 billion units worth RM1.52 billion from 3.24 billion units worth RM1.94 billion last Friday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the key regional markets ended mostly lower as investors were anxious ahead of the US Federal Reserve meeting and inflation data this week.

"As for the local bourse, we believe valuations of Malaysian equities remain cheap, hence offering opportunities for investors to bargain hunt for stocks at lower levels.

"We expect the overall outlook in the mid term to be positive due to stronger corporate earnings and improving economic conditions," he told Bernama.

Bursa Malaysia heavyweights Malayan Banking Bhd (Maybank) gained one sen to RM8.70, Public Bank Bhd eased one sen to RM4.40, Petronas Chemicals Group Bhd went down five sen to RM8.48, CIMB Group Holdings Bhd climbed nine sen to RM5.74, and Tenaga Nasional Bhd (TNB) trimmed 13 sen to RM9.20.

Of the actives, Advance Synergy Bhd perked up 1.5 sen to 18 sen, Scope Industries Bhd rose 1.5 sen to 20.5 sen, PT Resources Holdings Bhd gained 2.5 sen to 52 sen, Borneo Oil Bhd was flat at 2.5 sen, while AT Systematization Bhd shed half-a-sen to 1.5 sen, and Ta Win Holdings Bhd dipped half-a-sen to six sen.

On the index board, the FBM Emas Index declined 20.89 points to 10,586.52, the FBMT 100 Index dipped 20.27 points to 10,288.58, and the FBM Emas Shariah Index fell 55.02 points to 10,733.15.

The FBM 70 slid 27.95 points to 12,918.27, and the FBM ACE trimmed 23.86 points to 5,493.64.  

Sector-wise, the Financial Services Index rose 44.79 points to 16,539.83, the Plantation Index went up 24.61 points to 6,752.49, the Energy Index perked up 0.56 of-a-point to 778.46, while the Industrial Products and Services Index eased 0.16 of-a-point to 181.43.

The Main Market volume dwindled to 1.40 billion shares worth RM1.18 billion from last Friday's 2.05 billion shares worth RM1.51 billion.

Warrants turnover decreased to 324.57 million units valued at RM60.57 million from 375.28 million units valued at RM81.72 million last Friday.

The ACE Market volume dropped slightly to 800.79 million shares worth RM273.90 million from 818.50 million shares worth RM345.30 million previously.

Consumer products and services counters accounted for 355.34 million shares traded on the Main Market, industrial products and services (449.29 million), construction (44.99 million), technology (133.70 million), SPAC (nil), financial services (74.67 million), property (77.11 million), plantation (18.14 million), REITs (5.08 million), closed/fund (17,500), energy (103.25 million), healthcare (52.40 million), telecommunications and media (17.96 million), transportation and logistics (53.35 million), and utilities (11.61 million).

Source: The Edge

Market Daily Report: Bursa ends higher in sync with regional peers

KUALA LUMPUR (Dec 9): Bursa Malaysia ended the week higher in tandem with regional markets amid positive Wall Street performance overnight. 

At 5pm on Friday (Dec 9), the benchmark FBM KLCI stood at 1,477.19, up 11.26 points or 0.77%, from Thursday's closing at 1,465.93.

The market bellwether opened 1.97 points higher at 1,467.90, and moved in a tight range of 1,466.76 to 1,477.42 throughout the day.

Market breadth was positive, with gainers trouncing losers 578 to 390, while 370 counters were unchanged, 917 untraded, and 12 others suspended.

Turnover rose to 3.24 billion units worth RM1.94 billion, from Thursday's 3.19 billion units worth RM1.83 billion.  

Hong Leong Investment Bank Research said the KLCI may consolidate ahead of the US Federal Open Market Committee meeting on Dec 13 and 14, and a vote of confidence for Prime Minister Datuk Seri Anwar Ibrahim when Parliament convenes on Dec 19.

"However, the downside risk may be cushioned by expectations of further economic reopening in China, depressed valuations on Bursa, and strengthening political stability on signing of a coalition agreement involving all parties in the unity government, coupled with expectations of year-end window dressing,” it said in a research note on Friday.

Regionally, Singapore's Straits Times Index advanced 0.16% to 3,241.20, Japan's Nikkei 225 Index rose 1.18% to 27,901.01, and Hong Kong's Hang Seng Index increased 2.32% to 19,900.87, while China's SSE Composite Index gained 0.30% to 3,206.95. 

On the home front, heavyweights Malayan Banking Bhd (Maybank) improved seven sen to RM8.69 a share, Petronas Chemicals Group Bhd jumped 12 sen to RM8.53, CIMB Group Holdings Bhd bagged four sen to RM5.65, Tenaga Nasional Bhd (TNB) put on 18 sen to RM9.33, IHH Healthcare Bhd soared 15 sen to RM6, and Public Bank Bhd was flat at RM4.41. 

Of the actives, Sapura Energy Bhd gained half a sen to 4.5 sen and Dataprep Holdings Bhd edged up half a sen to 31 sen, PT Resources Holdings Bhd was six sen higher at 49.5 sen, and Infomina Bhd increased three sen to RM1.12, while both Borneo Oil was unchanged at 2.5 sen and Advance Synergy Bhd was flat at 16.5 sen.  

On the index board, the FBM Emas Index increased 82.80 points to 10,607.41, the FBMT 100 Index climbed 80.20 points to 10,308.85, the FBM 70 surged 107.09 points to 12,946.22, the FBM Emas Shariah Index chalked up 98.90 points to 10,788.17, and the FBM ACE was 15.48 points higher at 5,517.50.  

Sector-wise, the Financial Services Index rose 75.22 points to 16,495.04, the Industrial Products and Services Index perked up 1.16 points to 181.59, the Plantation Index ticked down 4.91 points to 6,727.88, and the Energy Index was up 2.79 points to 777.90.

The Main Market volume declined slightly to 2.05 billion shares worth RM1.51 billion, from Thursday's 2.07 billion shares worth RM1.55 billion. 

Warrant turnover improved to 375.28 million units valued at RM81.72 million, from 352.70 million units valued at RM76.10 million.

The ACE Market volume expanded to 818.50 million shares worth RM345.30 million, from 763.30 million shares worth RM209.50 million previously.  

Consumer product and service counters accounted for 300.26 million shares traded on the Main Market, followed by industrial products and services (671.53 billion), construction (53.97 million), technology (241.94 million), special purpose acquisition companies (nil), financial services (89.79 million), property (103.58 million), plantation (20.09 million), real estate investment trusts (5.02 million), closed/funds (26,000), energy (387.68 million), healthcare (91.72 million), telecommunications and media (19.61 million), transportation and logistics (42.90 million), and utilities (20.06 million).

Source: The Edge

Market Daily Report: Bursa ends marginally lower in lacklustre trading

KUALA LUMPUR (Dec 8): Bursa Malaysia ended in negative territory on Thursday (Dec 8) on lack of fresh market-moving catalysts, in line with the downbeat performance in most regional peers.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,465.93, down 0.95 of-a-point or 0.06%, from Wednesday's closing of 1,466.88.

The market bellwether opened 0.49 of-a-point higher at 1,467.37 and moved in a tight range at between 1,461.78 and 1,469.12 throughout the day.

Market breadth was also negative with losers beating gainers 567 to 369, while 396 counters were unchanged, 923 untraded, and 11 others suspended.

Turnover fell to 3.19 billion units worth RM1.83 billion from Wednesday's 3.35 billion units worth RM2.25 billion.

SPI Asset Management managing partner Stephen Innes said trading in the local market could be bumpy between now and the US Federal Open Market Committee (FOMC) meeting next week.

"A lot of goodness has been priced into the local markets, so we are nearing the point where we need to see some of that reopening proof in the pudding.

"I see two issues going forward, namely skyrocketing Covid-19 cases as zero-Covid strategy hits the off-ramp in China, as well as a more hawkish FOMC meeting next week,” he told Bernama.

On the local bourse, heavyweights Tenaga Nasional Bhd (TNB) advanced eight sen to RM9.15, Hong Leong Bank Bhd perked up 10 sen to RM20.44, Digi.Com Bhd rose 10 sen to RM3.85, Press Metal Aluminium Holdings Bhd was five sen higher at RM4.85, Malayan Banking Bhd (Maybank) fell three sen to RM8.62, Public Bank Bhd eased one sen to RM4.41, and Petronas Chemicals Group Bhd shed 14 sen to RM8.41.

Of the actives, Borneo Oil Bhd inched up half-a-sen to 2.5 sen, CN Asia Corp Bhd rose three sen to 30 sen, KNM Group Bhd was flat at five sen, MQ Technology Bhd fell 1.5 sen to five sen, Advance Synergy Bhd gave up one sen to 16.5 sen, and AH Holdings Bhd slid four sen to 14.5 sen.

On the index board, the FBM Emas Index declined 19.05 points to 10,524.61, the FBMT 100 Index shrank 16.87 points to 10,228.65, the FBM 70 dwindled 62.19 points to 12,839.13, while the FBM Emas Shariah Index gained 2.21 points to 10,689.27, and the FBM ACE added 3.31 points to 5,502.02.    

Sector-wise, the Financial Services Index fell 63.74 points to 16,419.82, the Industrial Products and Services Index eased 0.94 of-a-point to 180.43, the Plantation Index put on 6.48 points to 6,732.79, while the Energy Index dipped 13.28 points to 775.11.

The Main Market volume declined to 2.07 billion shares worth RM1.55 billion from Wednesday's 2.10 billion shares worth RM1.83 billion.

Warrants turnover increased to 352.7 million units valued at RM76.1 million from 331.56 million units valued at RM71.61 million on Wednesday.  

The ACE Market volume fell to 763.30 million shares worth RM209.50 million against 918.33 million shares worth RM343.59 million previously.  

Consumer products and services counters accounted for 564.69 million shares traded on the Main Market, industrial products and services (628.26 billion), construction (59.51 million), technology (203.67 million), SPAC (nil), financial services (69.33 million), property (106.14 million), plantation (22.86 million), REITs (6.48 million), closed/fund (nil), energy (260.25 million), healthcare (74.97 million), telecommunications and media (25.69 million), transportation and logistics (40.45 million), and utilities (11.37 million).

Source: The Edge

Market Daily Report: Bursa gives up earlier gains to end lower

KUALA LUMPUR (Dec 7): Bursa Malaysia gave up earlier gains to end in negative territory on Wednesday (Dec 7), in line with the weak sentiment in regional markets, following negative cues from Wall Street overnight. 

At 5pm, the benchmark FBM KLCI index stood at 1,466.88, down 4.67 points or 0.32%, from Tuesday's closing at 1,471.55. 

The market bellwether opened 0.09 of a point easier at 1,471.46, and moved in a narrow range of between 1,466.46 and 1,477.86 throughout the day.

Market breadth was also negative, with losers beating gainers 501 to 401, while 369 counters were unchanged, 894 untraded, and 10 others suspended.

Turnover fell to 3.35 billion units worth RM2.25 billion, from Tuesday's 4.91 billion units worth RM2.55 billion. 

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said despite the lacklustre trading environment over the last few days, the online broker reckoned that bargain-hunting may emerge anytime soon, given the cheap valuations of local equities.

"Hence, we anticipate the KLCI to move higher within the range of 1,460-1,480 for the remainder of the week,” he told Bernama.  

Region-wise, Japan’s Nikkei 225 Index went down 0.72% to 27,686.40, Singapore’s Straits Times Index eased 0.59% to 3,233.32, Hong Kong’s Hang Seng Index declined 3.22% to 18,814.82, and China's SSE Composite Index dipped 0.40% to 3,199.62, while Indonesia's Jakarta Composite Index slipped 1.07% to 6,818.75.

Among local heavyweights, Malayan Banking Bhd (Maybank) rose four sen to RM8.65, CIMB Group Holdings Bhd advanced nine sen to RM5.66, IHH Healthcare Bhd jumped eight sen to RM5.90, Public Bank Bhd gave up three sen to RM4.42, Petronas Chemicals Group Bhd eased one sen to RM8.55, and Tenaga Nasional Bhd (TNB) slid 11 sen to RM9.07.

Of the actives, AHB Holdings Bhd climbed six sen to 18.5 sen, Solution Group Bhd gained 2.5 sen to 34.5 sen, Borneo Oil Bhd was unchanged at two sen and Dataprep Holdings Bhd was flat at 31 sen, and Advance Synergy Bhd shed one sen to 17.5 sen.  

On the index board, the FBM Emas Index decreased 39.34 points to 10,543.66, the FBMT 100 Index shrank 30.42 points to 10,245.52, the FBM Emas Shariah Index trimmed 80.62 points to 10,687.06, the FBM 70 declined 29.45 points to 12,901.32, and the FBM ACE inched down 0.78 of a point to 5,498.71.   

Sector-wise, the Financial Services Index fell 44.14 points to 16,483.56, the Industrial Products and Services Index eased 1.40 points to 181.37, and the Plantation Index put on 1.28 points to 6,726.31, while the Energy Index decreased 17.43 points to 788.39.  

The Main Market volume declined to 2.10 billion shares worth RM1.83 billion, from Tuesday's 3.08 billion shares worth RM1.93 billion. 

Warrant turnover went up to 331.56 million units valued at RM71.61 million, from 317.95 million units valued at RM62.93 million.

The ACE Market volume dwindled to 918.33 million shares worth RM343.59 million, from 1.51 billion shares worth RM553.75 million previously.  

Consumer product and service counters accounted for 451.30 million shares traded on the Main Market, followed by industrial products and services (694.22 billion), construction (71.23 million), technology (304.68 million), special purpose acquisition companies (nil), financial services (100.38 million), property (125.27 million), plantation (20.74 million), real estate investment trusts (6.93 million), closed/funds (2,000), energy (142.94 million), healthcare (82.85 million), telecommunications and media (35.82 million), transportation and logistics (39.77 million), and utilities (19.58 million).

Source: The Edge

Market Daily Report: Bursa ends mixed amid weakness in most regional markets

KUALA LUMPUR (Dec 6): Bursa Malaysia ended mixed on Tuesday (Dec 6) on the back of a lacklustre market, in line with the weakness in most key regional markets.

The weak regional sentiment followed cues from the downbeat Wall Street performance overnight, amid renewed fears of a bigger interest rate hike by the US Federal Reserve in its monetary policy meeting next week.

At 5pm, the benchmark FBM KLCI was almost flat at 1,471.55, down by 0.01 of a point from Monday's closing at 1,471.56, after opening 2.57 points easier at 1,468.99.

The index moved in a narrow range at between 1,467.13 and 1,473.52 throughout the day.

Market breadth was slightly positive, with gainers leading losers 504 to 479, while 371 counters were unchanged, 887 untraded, and nine others suspended.

Turnover surged to 4.91 billion units worth RM2.55 billion, from 3.99 billion units worth RM2.07 billion on Monday.  

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said buying activities might emerge soon, as the recent selldown seemed unjustified. 

"We believe the overall outlook in the midterm is still positive due to attractive valuations, stronger corporate earnings, and improving economic conditions.

"As such, we see the KLCI trending within the 1,470-1,500 band for the remainder of the week. On a technical point of view, the immediate resistance is unchanged at 1,500, while support is at 1,470,” he told Bernama.

Region-wise, Japan’s Nikkei 225 went up 0.24% to 27,885.87, Singapore’s Straits Times Index eased 0.56% to 3,249.11, Hong Kong’s Hang Seng Index eased 0.40% to 19,441.18, and Indonesia's Jakarta Composite Index slipped 1.36% to 6,892.57.

Among local heavyweights, Malayan Banking Bhd (Maybank) increased three sen to RM8.61 a share, Public Bank Bhd added one sen to RM4.45, Petronas Chemicals Group Bhd advanced six sen to RM8.56, Tenaga Nasional Bhd (TNB) soared 11 sen to RM9.18, Hong Leong Bank Bhd was flat at RM20.50, CIMB Group Holdings Bhd shed seven sen to RM5.57, and IHH Healthcare Bhd declined three sen to RM5.82. 

Of the actives, Dataprep Holdings Bhd perked up 3.5 sen to 31 sen, Euro Holdings Bhd improved by three sen to 14.5 sen, AT Systematization Bhd was up by one sen to two sen, PUC Bhd put on half a sen to 3.5 sen, Metronic Global Bhd lost half a sen to two sen, and MQ Technology Bhd inched down half a sen as well to 6.5 sen. 

On the index board, the FBM Emas Index decreased 3.69 points to 10,583.0, the FBMT 100 Index eased 3.19 points to 10,275.94, the FBM Emas Shariah Index rose 0.23 of a point to 10,767.68, the FBM 70 declined 16.40 points to 12,930.77, and the FBM ACE garnered 76.32 points to 5,499.49.  

Sector-wise, the Financial Services Index dipped 6.43 points to 16,439.42, the Industrial Products and Services Index climbed 1.21 points to 182.77, the Plantation Index gave up 28.03 points to 6,725.03, and the Energy Index trimmed 8.94 points to 805.82. 

The Main Market volume expanded to 3.08 billion shares worth RM1.93 billion, from Monday's 2.43 billion shares worth RM1.68 billion.  

Warrant turnover declined to 317.95 million units valued at RM62.93 million, from 388.70 million units valued at RM81.06 million.

The ACE Market volume swelled to 1.51 billion shares worth RM553.75 million, from 1.17 billion shares worth RM306.25 million previously. 

Consumer product and service counters accounted for 570.50 million shares traded on the Main Market, followed by industrial products and services (1.17 billion), construction (113.78 million), technology (524.56 million), special purpose acquisition companies (nil), financial services (99.80 million), property (132.81 million), plantation (22.38 million), real estate investment trusts (4.43 million), closed/funds (37,000), energy (191.45 million), healthcare (86.93 million), telecommunications and media (46.32 million), transportation and logistics (84.27 million), and utilities (39.89 million).

Source: The Edge

Market Daily Report: Bursa ends lower

KUALA LUMPUR (Dec 5): Bursa Malaysia ended lower on Monday (Dec 5), with the key moving in a narrow range, while buying activities were seen mainly in energy, construction, and transportation stocks.

At 5pm, the benchmark FBM KLCI had dipped 10.24 points or 0.69% to 1,471.56, from last Friday's closing at 1,481.80.

The market barometer opened 0.28 of a point higher at 1,482.08, and moved between 1,470.33 and 1,482.08 throughout the day.

However, market breadth was positive with gainers outpacing losers 524 to 486, while 392 counters were unchanged, 839 untraded, and nine others suspended.

Turnover increased to 3.99 billion units worth RM2.07 billion, from last Friday’s 3.35 billion units worth RM2.28 billion. 

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the KLCI closed in negative territory on Monday, as investors shifted their buying interests to smaller-cap stocks.

“We believe the selldown today and last Friday provides more [opportunities for] upsides for investors, hence we reckon bargain-hunting may prevail anytime soon. We anticipate the index to trend within the 1,470-1,500 range,” he told Bernama.

Meanwhile, the key regional indices were mostly higher on the reopening of the economy in China after a prolonged Covid-19 lockdown, as the Chinese government scaled back Covid-19 restrictions in more cities. 

Region-wise, Singapore’s Straits Times Index gained 0.26% to 3,267.54, Japan’s Nikkei 225 Index went up 0.15% to 27,820.40, and Hong Kong’s Hang Seng Index surged 4.51% to 19,518.29, while China's SSE Composite Index rose 1.76% to 3,211.81.

Among Bursa heavyweights, Public Bank Bhd rose three sen to RM4.44, IHH Healthcare Bhd climbed two sen to RM5.85, Malayan Banking Bhd (Maybank) was unchanged at RM8.58 and CIMB Group Holdings Bhd was flat at RM5.64, Petronas Chemicals Group Bhd eased two sen RM8.50, and Tenaga Nasional Bhd (TNB) fell 31 sen to RM9.07.

Of the actives, MQ Technology Bhd gained 1.5 sen to seven sen and SMTrack Bhd advanced 1.5 sen to eight sen, Dataprep Holdings Bhd jumped 10.5 sen to 27.5 sen and Icon Offshore Bhd edged up half a sen to 16 sen, while Borneo Oil was unchanged at two sen and Advance Synergy Bhd was flat at 19 sen. 

On the index board, the FBM Emas Index decreased 66.51 points to 10,586.69, the FBMT 100 Index fell 78.02 points to 10,279.13, the FBM Emas Shariah Index dipped 110.46 points to 10,767.45, and the FBM 70 declined 124.02 points to 12,947.17, while the FBM ACE garnered 57.28 points to 5,423.17. 

Sector-wise, the Financial Services Index inched down 0.57 of a point to 16,445.85, the Industrial Products and Services Index shed 0.26 of a point to 181.56, and the Plantation Index fell 54.79 points to 6,753.06, while the Energy Index increased 14.65 points to 814.76.

The Main Market volume expanded to 2.43 billion shares worth RM1.68 billion, from last Friday’s 2.22 billion shares worth RM1.92 billion. 

Warrant turnover swelled to 388.70 million units valued at RM81.06 million, against 235.54 million units valued at RM39.49 million previously. 

The ACE Market volume surged to 1.17 billion shares worth RM306.25 million, from 889.48 million shares worth RM320.66 million last Friday.

Consumer product and service counters accounted for 416.25 million shares traded on the Main Market, followed by industrial products and services (762.57 million), construction (78.59 million), technology (372.89 million), special purpose acquisition companies (nil), financial services (77.72 million), property (173.91 million), plantation (20.31 million), real estate investment trusts (4.26 million), closed/funds (12,200), energy (344.15 million), healthcare (66.61 million), telecommunications and media (27.37 million), transportation and logistics (44.98 million), and utilities (35.89 million).

Source: The Edge

Market Daily Report: Bursa ends lower on lack of buying catalysts

KUALA LUMPUR (Dec 2): Bursa Malaysia retreated after two days of gains to end easier on Friday (Dec 2), with the key index falling by 0.65%, on lack of buying interest in large-cap stocks as risk appetite shifted to smaller cap companies, particularly real estate investment trust and energy stocks.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) dipped 9.71 points to 1,481.8 from Thursday's closing of 1,491.51.

The market bellwether opened 2.15 points easier at 1,489.36 and moved within a narrow range at between 1,479.7 and 1,489.36 throughout the day.

However, market breadth was positive with gainers beating losers 541 to 406, while 416 counters were unchanged, 870 untraded, and 14 others suspended.

Turnover decreased to 3.35 billion units worth RM2.28 billion versus 3.94 billion units worth RM3.07 billion on Thursday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said key regional markets were also in the negative territory as investors were wary ahead of the US non-farm payroll data due out on Friday.

"Additionally, uncertainty over the direction of US inflation also weighed on investor sentiment.

"Back home, investors are trading cautiously ahead of the announcement of a new Cabinet by Prime Minister Datuk Seri Anwar Ibrahim," he told Bernama.

Nonetheless, Rakuten Trade believes the valuations of Malaysian equities remained undervalued and this would provide opportunities for investors to bargain for stocks at a lower level.

Meanwhile, Malacca Securities Sdn Bhd senior analyst Kenneth Leong said the FBM KLCI nudged lower on profit taking after half of the key index components retreated ahead of the announcement of the Cabinet line-up later on Friday.

Region-wise, Hong Kong's Hang Seng Index fell 0.33% to 18,675.35, the Shanghai Composite Index eased 0.29% to 3,156.14, and the Shenzhen Index decreased 0.39% to 11,219.79.

Elsewhere in the region, Japan's Nikkei 225 dipped 1.59% to 27,777.9 and Singapore's Straits Times Index shed 0.89% to 3,263.34.

Among heavyweights, Malayan Banking Bhd (Maybank) fell four sen to RM8.58, Public Bank Bhd slid six sen to RM4.41, Petronas Chemicals Group Bhd slipped 15 sen to RM8.52, CIMB Group Holdings Bhd declined 11 sen to RM5.64, and Tenaga Nasional Bhd went down 12 sen to RM9.38.

Of the actives, Advance Synergy Bhd rose 1.5 sen to 19 sen, MQ Technology Bhd was half-a-sen higher at 5.5 sen, Infomina Bhd gained half-a-sen to 82.5 sen, Malayan United Industries Bhd increased half-a-sen to 8.5 sen, and Velesto Energy Bhd bagged one sen to 16 sen.

Meanwhile, Bursa Malaysia Securities Bhd in a statement on Friday announced that the trading suspension of Comintel Corporation Bhd securities will be uplifted with effect from 9am on Monday, Dec 5, 2022, to facilitate the listing of the placement shares and the completion of the company’s regularisation plan.

On the index board, the FBM Emas Index decreased 41.27 points to 10,653.2, the FBMT 100 Index fell 48.09 points to 10,357.15, while the FBM Emas Shariah Index was 25.35 points lower at 10,877.91.

The FBM 70 rose 17.92 points to 13,071.19, and the FBM ACE garnered 74.92 points to 5,365.89.

Sector-wise, the Financial Services Index sank 120.44 points to 16,446.42, the Industrial Products and Services Index eased 1.42 points to 181.82, and the Plantation Index dropped 13.44 points to 6,807.85, while the Energy Index added 14.8 points to 800.11.

The Main Market volume decreased to 2.22 billion shares worth RM1.92 billion against 2.36 billion shares worth RM2.49 billion on Thursday.

Warrants turnover shrank to 235.54 million units valued at RM39.49 million from 433.85 million units valued at RM74.16 million.

The ACE Market volume dwindled to 889.48 million shares worth RM320.66 million from 1.15 billion shares worth RM504.39 million previously.

Consumer products and services counters accounted for 498.86 million shares traded on the Main Market, industrial products and services (473.04 million), construction (69.63 million), technology (231.73 million), SPAC (nil), financial services (84.72 million), property (211.83 million), plantation (22.66 million), REITs (10.45 million), closed/fund (39,500), energy (414.35 million), healthcare (92.49 million), telecommunications and media (27.14 million), transportation and logistics (55.21 million), and utilities (28.39 million).

Source: The Edge

Market Daily Report: Bursa closes on positive note

KUALA LUMPUR (Dec 1): Bursa Malaysia ended higher for the second consecutive day on Thursday (Dec 1), with the key index rising by 0.18% as continuous buying interest was seen in the heavyweight plantation counters.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 2.71 points to 1,491.51 from Wednesday's closing of 1,488.8.

The market bellwether opened two points better at 1,490.8 and moved between 1,487.34 and 1,497.24 throughout the day.

Market breadth was positive with gainers outnumbering losers 711 to 344, while 379 counters were unchanged, 799 untraded and 14 others suspended.

Turnover decreased to 3.94 billion units worth RM3.07 billion versus 4.71 billion units worth RM4.41 billion on Wednesday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the FBM KLCI ended marginally higher in tandem with the improving sentiment in global equities.

He said the key regional indices were also in the green following a positive cue from Wall Street overnight after US Federal Reserve Chair Jerome Powell's remarks about a slowdown in the pace of monetary tightening.

“Meanwhile, the global forecast for Asian markets is upbeat on the improved outlook for interest rates.

“Additionally, Chinese equities advanced due to better purchasing managers' index data than expected by the market, despite extreme lockdown measures in November by Chinese authorities to contain the Covid-19 epidemic. The economy has managed to display better-than-expected performance,” he told Bernama.

Back home, Rakuten Trade remains positive on local equities driven by strong corporate earnings and improving fundamentals in the local economy.

“Following this, we expect the FBM KLCI to hit the 1,500 resistance,” he added.

Region-wise, Hong Kong's Hang Seng Index rose 0.75% to 18,736.44, the Shanghai Composite Index gained 0.45% to 3,165.47, and the Shenzhen Index added 1.4% to 11,264.16.

Elsewhere in the region, Japan's Nikkei 225 bagged 0.92% to 28,226.08 and Singapore's Straits Times Index increased 0.07% to 3,292.73.

Meanwhile, Malacca Securities Sdn Bhd senior analyst Kenneth Leong expects the positive sentiment to extend towards the end of the year, which typically witnesses the year-end window dressing activities.

“At the same time, investors will also be monitoring closely the political developments in Malaysia, over the appointment of cabinet ministers in near future.

“Technically, the FBM KLCI's immediate resistance is at 1,500, while the near-term support is spotted at 1,465,” Leong told Bernama.

Among the heavyweights, Malayan Banking Bhd (Maybank) fell one sen to RM8.62, Public Bank Bhd dipped three sen to RM4.47, and CIMB Group Holdings Bhd erased five sen to RM5.75, while Petronas Chemicals Group Bhd jumped 13 sen to RM8.67, and Tenaga Nasional Bhd went up eight sen to RM9.50.

Of the actives, Infomina Bhd surged 24 sen to 82 sen, Leform Bhd perked up 3.5 sen to 22 sen, MyEG Services Bhd rose 6.5 sen to 95 sen, Green Packet Bhd climbed 1.5 sen to seven sen, while Advance Synergy Bhd fell 1.5 sen to 17.5 sen.

On the index board, the FBM Emas Index increased 60.77 points to 10,694.47, the FBMT 100 Index gained 52.98 points to 10,405.24, the FBM Emas Shariah Index added 120.17 points to 10,903.26, the FBM 70 expanded 202.18 points to 13,053.27, and the FBM ACE garnered 79.82 points to 5,290.97.

Sector-wise, the Financial Services Index fell 56.48 points to 16,566.86, the Plantation Index put on 93.52 points to 6,821.29, the Energy Index increased 17.8 points to 785.31, while the Industrial Products and Services Index inched up 1.48 points to 183.24.

The Main Market volume decreased to 2.36 billion shares worth RM2.49 billion against 2.68 billion shares worth RM4.09 billion on Wednesday.

Warrants turnover increased to 433.85 million units valued at RM74.16 million from 416.42 million units valued at RM65.11 million.

The ACE Market volume fell to 1.15 billion shares worth RM504.39 million from 1.61 billion shares worth RM258.21 million previously.

Consumer products and services counters accounted for 446.22 million shares traded on the Main Market, industrial products and services (430.61 million), construction (79.9 million), technology (421.96 million), SPAC (nil), financial services (88.54 million), property (198.74 million), plantation (28.59 million), REITs (7.65 million), closed/fund (32,000), energy (298.96 million), healthcare (125.63 million), telecommunications and media (153.36 million), transportation and logistics (48.88 million), and utilities (31.13 million).

Source: The Edge