Market Daily Report: Bursa closes at intraday low, down 13.89 points

KUALA LUMPUR (Jan 31): Bursa Malaysia ended at its intraday low on the last trading day of January, echoing the negative performance of regional bourses and poor global market sentiment.

At 5pm on Tuesday (Jan 31), the benchmark FBM KLCI had given up 13.89 points or 0.93% to 1,485.50, from Monday's close at 1,499.39.

It opened 5.60 points lower at 1,493.79, and moved between 1,485.50 and 1,493.89 throughout the day. 

Market breadth was negative, with losers thumping gainers 632 to 325, while 389 counters were unchanged, 861 untraded, and 45 others suspended.

Turnover shrank to 4.03 billion units worth RM2.78 billion, against Monday's 4.56 billion units worth RM2.44 billion.

Commenting on Tuesday's market performance, Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the KLCI closed lower in tandem with the negative performance of regional bourses.

“Key regional indices closed lower with strong selling of tech stocks, following the negative cue from Wall Street, as investors were cautious ahead of key US economic data and major central bank meetings,” he told Bernama.

He explained that investors expect the US Federal Reserve to raise interest rates by 25 basis points on Wednesday, and the European Central Bank by 50 basis points on Thursday.

“As for the local bourse, we believe today's (Tuesday) selldown offers opportunities to bargain-hunt for stocks at lower levels. Hence, we reckon the benchmark index to stage a rebound soon. We maintain our KLCI target for the week at between 1,490 and 1,505,” he added.

Key regional indices were all in the red, with Japan's Nikkei 225 losing 0.39% to 27,327.11, while Hong Kong's Hang Seng Index fell 1.03% to 21,842.33, Singapore's Strait Times Index slid 0.43% to 3,363.70, and South Korea's Kospi erased 1.04% to 2,425.08.

Back home, losers among the heavyweights were led by Petronas Gas Bhd, erasing 78 sen to RM16.82 a share, followed by Hong Leong Bank Bhd, which shed 68 sen to RM20.52, Digi.Com Bhd, which lost 11 sen to RM4.21, Petronas Dagangan Bhd, which declined RM1.08 to RM21.80, and Petronas Chemicals Group Bhd, which was 10 sen easier at RM8.35.

Market Daily Report: Bursa ends slightly higher on late bargain-hunting

 KUALA LUMPUR (Jan 30): The FBM KLCI ended in positive territory on late bargain-hunting, with support in the broader market primarily seen for small-cap energy as well as transportation and logistics stocks.

At 5pm on Monday (Jan 30), the benchmark index had gained 1.84 points to 1,499.39, from last Friday's close at 1,497.55.

The key index opened 2.20 points higher at 1,499.75, and moved between 1,494.15 and 1,500.95 throughout the day.

On the broader market, gainers outpaced losers 478 to 472, while 395 counters were unchanged, 873 untraded, and 54 others suspended.

Turnover slipped to 4.56 billion units worth RM2.44 billion, against last Friday's 4.62 billion units worth RM2.42 billion.

Commenting on Monday's market performance, Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the market bellwether was again stuck in tight consolidation mode due to a lack of fresh catalysts.

“Nonetheless, we reckon the outlook for local equities to remain steady due to prevailing low valuations, while the fundamentals of the local economy remain strong. As such, we anticipate the KLCI to trend within the 1,490 to 1,505 region for the week, with immediate resistance at 1,500 and support at 1,470,” he told Bernama.

On regional stock markets, Thong said the key markets closed broadly lower ahead of the US Federal Reserve's (Fed) meeting and key economic data this week.

“While the Fed is widely expected to raise interest rates by 25 basis points, its outlook on monetary policy will be closely watched,” he added.

Key indices in the region were mixed, with Japan's Nikkei 225 adding 0.19% to 27,433.40, while Hong Kong's Hang Seng Index fell 2.73% to 22,069.73, Singapore's Strait Times Index slid 0.47% to 3,378.29, and South Korea's Kospi erased 1.35% to 2,450.47.

Market Daily Report: Bursa ends mixed

KUALA LUMPUR (Jan 27): Bursa Malaysia ended mixed on Friday (Jan 27) with the barometer index declining for three straight days during the holiday-shortened week, bucking the strong performance of key regional bourses, said a dealer.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.84 of-a-point to 1,497.55 from Thursday’s close of 1,498.39.

The market bellwether opened 1.58 points higher at 1,499.97 and moved between 1,493.07 and 1,500.91 throughout the session.

However, on the broader market, gainers outpaced losers 542 to 385, while 403 counters were unchanged, 917 untraded and 49 others suspended

Turnover rose to 4.62 billion units worth RM2.42 billion against Thursday's 3.75 billion units worth RM2.03 billion.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng told Bernama the local bourse was stuck in a consolidation mode for the holiday-shortened week as sentiments were still cautious from the lack of buying catalysts despite the persistent buying from local institutions and retail investors.

“We noticed that buying activities have shifted to smaller cap stocks, particularly in the construction, transportation and energy sectors.

Market Daily Report: Bursa extends Wednesday's losses to end lower

KUALA LUMPUR (Jan 26): Bursa Malaysia extended Wednesday's (Jan 25) losses to end lower, weighed down by selling in selected heavyweights, led by the financial services sector, said a dealer.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.06 points to end at its intraday high of 1,498.39 from Wednesday’s closing of 1,499.45.

The market bellwether opened 2.04 points lower at 1,497.41 and hit a low of 1,494.03 during the mid-morning session.

However, on the broader market, gainers outpaced losers 565 to 359, while 431 counters were unchanged, 875 untraded and 37 others suspended.

Turnover rose to 3.75 billion units worth RM2.03 billion against Wednesday's 2.83 billion units worth RM1.68 billion.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng told Bernama that the FBM KLCI continued to decline despite the strong regional performance.

Nonetheless, gainers outnumbered losers, indicating some positive sentiment on the broad market, he noted.

"Bursa Malaysia bucked the regional trend whereby key regional indices trended mostly higher with strong gains in Hong Kong while China's market remained closed until next week.

"We believe the selling in the last two days provides a good opportunity for bargain hunting due to prevailing low valuations. The FBM KLCI is expected to hover within the 1,490 to 1,500 range towards the weekend," he added.

Regionally, Hong Kong's Hang Seng Index rose 2.37% to 22,566.78, South Korea’s Kospi increased 1.65% to 2,468.65 and Singapore's Straits Times Index added 0.76% to 3,378.31, while Japan’s Nikkei 225 slid 0.12% to 27,362.75.

Back home, Bursa heavyweights Malayan Banking Bhd shed three sen to RM8.78, Public Bank Bhd eased one sen to RM4.28, CIMB Group Holdings Bhd fell six sen to RM5.72, Petronas Chemicals Group Bhd edged up one sen to RM8.51, while Tenaga Nasional Bhd was flat at RM9.52.

As for the actives, ATA IMS Bhd rose 10 sen to 39.5 sen, Velesto Energy Bhd edged up half-a-sen to 22.5 sen, Cypark Resources Bhd bagged 12 sen to 96 sen, while Sapura Energy Bhd was flat at five sen, and Dataprep Holdings Bhd was unchanged at 26.5 sen.

On the index board, the FBM Emas Index added 12.12 points to 10,880.92, the FBM Emas Shariah Index increased 37.17 points to 11,149.13 and the FBM 70 Index rose 60.6 points to 13,679.47.

The FBMT 100 Index perked up 5.06 points to 10,554.1 and the FBM ACE Index advanced 59.49 points to 5,687.59.  

Market Daily Report: Bursa bucks regional trend to end marginally lower

KUALA LUMPUR (Jan 25): Bursa Malaysia bucked the regional trend to end marginally lower after the long holiday weekend amid profit-taking in selected heavyweights, said a dealer.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.88 of-a-point to 1,499.45 from last Friday’s closing of 1,500.33.

The market bellwether opened 0.97 of-a-point better at 1,501.3 and moved between 1,494.73 and 1,501.86 throughout the session.

However, market breadth was positive with gainers outpacing losers 578 to 262, while 399 counters were unchanged, 957 untraded, and nine others suspended

Turnover rose to 2.83 billion units worth RM1.68 billion against last Friday's 2.34 billion units worth RM1.71 billion.

A dealer said the local bourse opened marginally higher on Wednesday in cautious trading mode before descending into the negative territory at mid-morning on profit-taking.

Market Daily Report: Bursa ends higher on late buying, KLCI breaches 1,500 key level

KUALA LUMPUR (Jan 20): Late buying in telecommunications and media as well as financial services counters lifted Bursa Malaysia to end at its intraday high on Friday (Jan 20), breaking the 1,500 psychological level last seen in November last year, said a dealer.

The FTSE Bursa Malaysia KLCI (FBM KLCI) last touched the 1,500 level at the close of the trading on Nov 24, 2022 at 1,501.88.

At 5pm on Friday, the benchmark FBM KLCI gained 4.11 points, or 0.27%, to 1,500.33 from Thursday’s closing of 1,496.22.

The market bellwether opened 0.66 of-a-point better at 1,496.88 and hit the day's low of 1,495.80 at the midday break.

Market breadth was positive with gainers surpassing losers 501 to 304, while 428 counters were unchanged, 959 untraded, and 10 others suspended.

Turnover slipped to 2.34 billion units worth RM1.71 billion against Thursday's 2.50 billion units worth RM1.90 billion.

Maxis Bhd and CIMB Group Holdings Bhd were the top two gainers among the FBM KLCI constituents. Maxis climbed 12 sen to RM4.10 while CIMB rose eight sen to RM5.77, contributing a combined 2.99 points to the gains on the index.

Market Daily Report: Bursa closes slightly higher on positive sentiment

KUALA LUMPUR (Jan 19): Bursa Malaysia rebounded from Wednesday’s (Jan 18) losses to end slightly higher on Thursday, supported by positive local sentiment following Bank Negara Malaysia’s (BNM) decision to maintain the overnight policy rate (OPR), dealers said.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) grew 0.72 point, or 0.05%, to 1,496.22 from Wednesday’s closing of 1,495.5.

The market bellwether opened 0.7 point lower at 1,494.8, and moved between 1,493.42 and 1,501.71 throughout the day.

Market breadth was positive with gainers surpassing decliners 407 to 387, while 443 counters were unchanged, 955 untraded and 10 others suspended.

Turnover dropped to 2.5 billion units worth RM1.9 billion against Wednesday's 2.7 billion units worth RM2.0 billion.

Tenaga Nasional Bhd (TNB) and Maxis Bhd were the top two gainers among the FBM KLCI constituents. TNB climbed 11 sen to RM9.50 while Maxis rose seven sen to RM3.98, contributing a combined 1.97 points to the gain in the index.

Market Daily Report: Bursa ends lower on continued selling

KUALA LUMPUR (Jan 18): Bursa Malaysia ended lower on Wednesday (Jan 18) on continued selling in selected industrial products and services, telecommunications and media counters despite regional markets closing mostly higher, dealers said.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) dipped 3.88 points, or 0.26%, to 1,495.5 from Tuesday's closing of 1,499.38.

The market bellwether opened 4.07 points lower at 1,495.31 and moved between 1,491.05 and 1,496.63 throughout the day.

Market breadth was also negative with decliners surpassing gainers 423 to 387, while 432 counters were unchanged, 947 untraded, and 10 others suspended.

Turnover dropped to 2.70 billion units worth RM2.0 billion against Tuesday's 2.82 billion units worth RM1.98 billion.

DiGi.Com Bhd and Petronas Chemicals Group Bhd (PetChem) were the top two losers among the FBM KLCI constituents. DiGi.Com declined 10 sen to RM4.18 while PetChem fell 16 sen to RM8.46, contributing a combined 4.09 points to the loss in the index.

Market Daily Report: Late buying lifts Bursa to end at intraday high

KUALA LUMPUR (Jan 17): Bursa Malaysia shook off earlier losses to end at its intraday high on Tuesday (Jan 17), lifted by late buying of selected telecommunications and media, as well as industrial products and services counters, dealers said.

At 5pm, the benchmark FBM KLCI had risen 5.82 points or 0.39% to close at 1,499.38, just a whisker below the 1,500 psychological level, from Monday's closing at 1,493.56.

The market bellwether opened 1.03 points weaker at 1,492.53, and hit a low of 1,488.95 in the early morning session.

Market breadth also turned positive with gainers surpassing losers 423 to 417, while 432 counters were unchanged, 920 untraded, and 18 others suspended.

Turnover decreased to 2.82 billion units worth RM1.98 billion, against Monday's 3.92 billion units worth RM2.03 billion.

Digi.Com Bhd and Petronas Chemicals Group Bhd were the top two gainers among the KLCI constituents. Digi rose 13 sen to RM4.28 a share, while PetChem gained 12 sen to RM8.62, contributing a combined 4.15 points in gains in the index.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said that regionally, the key indices were mostly lower, amid heightened fears of a global recession this year, while mixed economic growth data from China also brewed more uncertainty over the timing of a recovery this year.

“Nonetheless, the republic’s economy still expanded at a better-than-expected pace during the fourth quarter of last year,” he told Bernama.

As for the local bourse, despite the cautious market undertone in the region, Thong expects bargain-hunting to prevail given the cheap valuations of local stocks and persistent support from local institutions.

“We anticipate the KLCI to break the 1,500-point level very soon. After breaching this, the next resistance level is at 1,530,” he added.

Region-wise, Hong Kong's Hang Seng Index inched down 0.78% to 21,577.64, China’s SSE Composite Index slipped 0.10% to 3,224.24, South Korea’s Kospi fell 0.85% to 2,379.39, Singapore's Straits Times Index declined by 0.09% to 3,280.51, while Japan’s Nikkei 225 rose 1.23% to 26,138.68. 

Among other local heavyweights, Malayan Banking Bhd (Maybank) was unchanged at RM8.78, while Public Bank Bhd was flat at RM4.32. CIMB Group Holdings Bhd went up one sen to RM5.77, IHH Healthcare Bhd added two sen to RM5.99, whereas Tenaga Nasional Bhd (TNB) slipped three sen to RM9.42.

As for the actives, Main Market debutant Kumpulan Kitacon Bhd rose seven sen to 75 sen, Serba Dinamik Holdings Bhd perked up half a sen to two sen, Dagang NeXchange Bhd (DNeX) improved 2.5 sen to 58.5 sen, NationGate Holdings Bhd increased four sen to RM1.09, while Yew Lee Pacific Group Bhd climbed five sen to 46 sen.

On the index board, the FBM Emas Index increased 30.58 points to 10,825.07, the FBMT 100 Index put on 32.05 points to 10,521.40, and the FBM Emas Shariah Index was 52.92 points firmer at 11,065.27.

The FBM 70 Index was 3.16 points better at 13,466.25, while the FBM ACE Index fell 16.74 points to 5,483.24. 

Sector-wise, the Energy Index slipped 0.32 of a point to 820.57, the Technology Index eased 0.24 of a point to 66.64, the Industrial Products and Services Index ticked up 1.71 points to 188.64, while the Financial Services Index shed 13 points to 16,546.32, and the Plantation Index gained 2.51 points to 6,901.84.

The Main Market volume declined to 1.87 billion shares worth RM1.54 billion, compared with Monday’s 2.51 billion shares worth RM1.60 billion.

Warrant turnover slid to 246.50 million units worth RM49.65 million, from 323.11 million units worth RM64.50 million on Monday.

The ACE Market volume dwindled to 699.95 million shares worth RM382.15 million, from 1.09 billion shares worth RM366.76 million previously. 

Consumer product and service counters accounted for 225.96 million shares traded on the Main Market, followed by industrial products and services (531.13 million), construction (203.69 million), technology (319.25 million), special purpose acquisition companies (nil), financial services (51.29 million), property (86.01 million), plantation (20.78 million), real estate investment trusts (7.27 million), closed/funds (3,000), energy (281.55 million), healthcare (70.46 million), telecommunications and media (30.20 million), transportation and logistics (33.27 million), and utilities (10.58 million).

Source: The Edge

Market Daily Report: Bursa ends marginally lower in lacklustre trading

KUALA LUMPUR (Jan 16): Bursa Malaysia ended marginally lower on Monday (Jan 16) in lacklustre trading, driven by persistent profit-taking against selected financial services and plantation counters, amid mixed sentiment on regional markets, dealers said.

At 5pm, the benchmark FBM KLCI had slipped 1.47 points or 0.10% to 1,493.56, from last Friday's closing at 1,495.03.

The market bellwether opened 0.22 of a point weaker at 1,494.81, and moved between 1,489.0 and 1,496.05 throughout the day.

Market breadth was negative, with losers surpassing gainers 485 to 411, while 387 counters were unchanged, 919 untraded, and 28 others suspended.

Turnover increased to 3.92 billion units worth RM2.03 billion, against last Friday's 3.40 billion units worth RM2.02 billion.

Malayan Banking Bhd (Maybank) and Kuala Lumpur Kepong Bhd (KLK) were the top two losers among the KLCI constituents. Maybank declined eight sen to RM8.78 a share, while KLK ended 42 sen lower at RM21.76, contributing a combined 2.36 points in losses in the benchmark index. 

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said key regional indices were mixed, as investors were cautiously awaiting the decision by the Bank of Japan on whether it will defend its super-sized stimulus policy in a pivotal meeting this week.

“Meanwhile, Shanghai and Hong Kong stocks resumed their uptrend, as investors expect the Chinese economy to recover eventually this year after relaxing most of its anti-Covid-19 easures, as the republic reopened its borders last week.

“As for the local bourse, we expect bargain-hunting to prevail given the cheap valuations of local stocks, despite the cautious market undertone. As such, we expect the benchmark index to trend higher, and anticipate it to retest the 1,500-point mark this week.

“Technically, we see immediate resistance at 1,500, followed by 1,530, and support at 1,470,” he told Bernama on Monday.

Region-wise, Hong Kong's Hang Seng Index inched up 0.04% to 21,746.72, China’s SSE Composite Index added 1.01% to 3,227.59, South Korea’s Kospi gained 0.58% to 2,399.86, while Singapore's Straits Times Index declined by 0.31% to 3,283.60, and Japan’s Nikkei 225 slid 1.14% to 25,822.32. 

Among other heavyweights, Public Bank Bhd eased one sen to RM4.32, CIMB Group Holdings Bhd dropped two sen to RM5.76 and IHH Healthcare Bhd fell two sen as well to RM5.97, Tenaga Nasional Bhd (TNB) shed three sen to RM9.45, while Petronas Chemicals Group Bhd rose 10 sen to RM8.50.

As for the actives, Sapura Energy Bhd at five sen and Velesto Energy Bhd at 18 sen had perked up half a sen each, ACE Market debutant Wellspire Holdings Bhd jumped 20 sen to 43 sen, while Revenue Group Bhd surged 26.5 sen to 75 sen.

On the index board, the FBM Emas Index increased 8.69 points to 10,794.49, the FBMT 100 Index climbed 6.78 points to 10,489.35, and the FBM Emas Shariah Index was 35.63 points firmer at 11,012.35.

The FBM 70 Index was 82.42 points better at 13,463.09, and the FBM ACE Index garnered 44.50 points to 5,499.98. 

Sector-wise, the Energy Index slipped 2.05 points to 820.89, the Technology Index eased 0.08 of a point to 66.88, the Industrial Products and Services Index ticked up 1.64 points to 186.93, while the Financial Services Index rose 61.83 points to 16,559.32, and the Plantation Index fell 23.58 points to 6,899.33.

The Main Market volume expanded to 2.51 billion shares worth RM1.60 billion, compared with last Friday’s 2.09 billion shares worth RM1.53 billion.

Warrant turnover improved to 323.11 million units worth RM64.50 million, from 317.53 million units worth RM65.01 million. 

The ACE Market volume swelled to 1.09 billion shares worth RM366.76 million, from 987.01 million shares worth RM415.28 million previously. 

Consumer product and service counters accounted for 254.40 million shares traded on the Main Market, followed by industrial products and services (485.16 million), construction (57.10 million), technology (410.13 million), special purpose acquisition companies (nil), financial services (51.62 million), property (101.22 million), plantation (22.72 million), real estate investment trusts (6.58 million), closed/funds (1,000), energy (942.07 million), healthcare (111.06 million), telecommunications and media (26.23 million), transportation and logistics (36.81 million), and utilities (16.75 million).

Source: The Edge

Market Daily Report: Bursa ends little changed on lack of catalysts

KUALA LUMPUR (Jan 12): Bursa Malaysia ended Thursday's (Jan 12) trading session little changed as investors seemed reluctant to make more significant moves due to the absence of buying catalysts amid a better regional market performance, said a dealer.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose marginally by 0.79 of-a-point or 0.05% to 1,488.66 from Wednesday's closing of 1,487.87.

The market bellwether, which opened 0.7 of-a-point firmer at 1,488.57, moved at a narrow range between 1,486.15 and 1,491.35 throughout the day.

Market breadth was negative with losers surpassing gainers 467 to 441, while 403 counters were unchanged, 891 untraded, and 12 others suspended.

Turnover was unchanged at 3.57 billion units worth RM2.75 billion against Wednesday's 3.57 billion units worth RM2.17 billion.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the key regional indices closed mostly higher ahead of the release of the US inflation data on Thursday.

Region-wise, Hong Kong's Hang Seng Index rose 0.36% to 21,514.1, China’s SSE Composite Index added 0.05% to 3,163.45, Japan’s Nikkei 225 improved 0.01% to 26,449.82, South Korea’s Kospi gained 0.24% to 2,365.1, while Singapore's Straits Times Index slid 0.11% to 3,267.78.

"Back home, we reckon the performance of FBM KLCI to remain steady, supported by improving fundamentals of the local economy although resistance remains strong around the 1,500 level," Thong told Bernama.

As such, he anticipates the benchmark index to move within the 1,485-1,500 range towards the weekend.

Among heavyweights, Malayan Banking Bhd (Maybank) slipped three sen to RM8.80, CIMB Group Holdings Bhd lost two sen to RM5.75, Public Bank Bhd was flat at RM4.31, and Tenaga Nasional Bhd was unchanged at RM9.40, while Petronas Chemicals Group Bhd added five sen to RM8.35.

As for the actives, newly listed Nationgate Holdings Bhd rose 62 sen to RM1, Dagang NeXchange Bhd (DNeX) perked up two sen to 58 sen, Artroniq Bhd climbed three sen to 86.5 sen, Borneo Oil Bhd was flat at two sen, while Dolphin International Bhd fell one sen to 1.5 sen.

On the index board, the FBM Emas Index increased 16.38 points to 10,742.76, the FBMT 100 Index inched up 17.16 points to 10,441.08, and the FBM Emas Shariah Index was 27.76 points firmer at 10,944.85.

The FBM 70 Index was 72.16 points better at 13,341.47, and the FBM ACE Index garnered 18.87 points to 5,428.63.   

Sector-wise, the Energy Index climbed 2.37 points to 816.27, the Technology Index put on 1.25 points to 66.29, the Industrial Products and Services Index ticked up 0.51 of-a-point to 183.81, while the Financial Services Index dipped 27.77 points to 16,537.69, and the Plantation Index slid 12.06 points to 6,922.62.

The Main Market volume dwindled to 1.80 billion shares worth RM1.76 billion compared with Wednesday’s 2.36 billion shares worth RM1.83 billion.

Warrants turnover eased to 334.13 million units worth RM81.89 million from 334.68 million units worth RM77.61 million on Wednesday.

The ACE Market volume expanded to 1.43 billion shares worth RM907.77 million from 871.35 million shares worth RM265.24 million previously.

Consumer products and services counters accounted for 225.38 million shares traded on the Main Market, industrial products and services (744.15 million), construction (55.49 million), technology (273.29 million), SPAC (nil), financial services (51.16 million), property (89.31 million), plantation (55.52 million), REITs (7.28 million), closed/fund (7,000), energy (153.44 million), healthcare (66.69 million), telecommunications and media (30.75 million), transportation and logistics (35.13 million), and utilities (15.92 million).

Source: The Edge

Market Daily Report: Bursa ends higher, lifted by energy, tech stocks

KUALA LUMPUR (Jan 11): Bursa Malaysia ended higher on Wednesday (Jan 11), lifted by buying interest in most heavyweights, led by energy and technology stocks, amid improving market sentiment across the region, said a dealer.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) put on 2.74 points or 0.18% to 1,487.87 from Tuesday's closing of 1,485.13.  

The market bellwether opened 1.91 points better at 1,487.04 and moved between 1,484.21 and 1,489 throughout the trading day.

Market breadth was positive with gainers outpacing losers 573 to 340, while 390 counters were unchanged, 898 untraded, and 10 others suspended.

Turnover increased to 3.57 billion units worth RM2.17 billion against Tuesday's 3.19 billion units worth RM1.91 billion.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said regional indices closed broadly higher, boosted by the upbeat performance on Wall Street overnight ahead of market-moving reports due later in the week.

“Meanwhile, investors are buoyed by China’s border reopening, which keeps the market undertone steady,” he told Bernama.

On the domestic front, he reckoned that the local market equities will further improve driven by positive investor sentiment in the region.

“Additionally, buying support from local institutions have been rather apparent, hence, we reckon the index will show a more positive performance and expect it to hover between 1,480 and 1,500 range for the remainder of the week,” he added.

Region-wise, Hong Kong's Hang Seng Index added 0.49% to 21,436.05, Singapore's Straits Times Index rose 0.26% to 3,271.51, Japan’s Nikkei 225 increased 1.03% to 26,446, and South Korea’s Kospi went up 0.35% to 2,359.53.

Among heavyweights, Dialog Group Bhd added three sen to RM2.58, Inari Amertron Bhd gained one sen to RM2.65, Digi.Com Bhd climbed 12 sen to RM4.10, Malayan Banking Bhd (Maybank) perked up four sen to RM8.83, and CIMB Group Holdings Bhd edged up five sen to RM5.77.

As for the actives, Dagang NeXchange Bhd (DNeX) advanced 5.5 sen to 56 sen, Cypark Resources Bhd rose 1.5 sen to 71.5 sen, DS Sigma Holdings Bhd gained 1.5 sen to 65.5 sen, Velesto Energy Bhd ticked up half-a-sen to 16.5 sen, while Citaglobal Bhd shed three sen to 32 sen.

On the index board, the FBM Emas Index rose 33.78 points to 10,726.38, the FBMT 100 Index gained 28.30 points to 10,423.92, and the FBM Emas Shariah Index was 23.75 points higher at 10,917.09.

The FBM 70 Index was 75.47 points firmer at 13,193.84, and the FBM ACE Index inched up 32.93 points to 5,409.76.   

Sector-wise, the Energy Index increased 17.84 points to 813.90, the Technology Index advanced 0.76 of-a-point to 65.04, the Financial Services Index jumped 85.13 points to 16,565.46, the Plantation Index garnered 10.28 points to 6,934.68, and the Industrial Products and Services Index ticked up 0.85 of-a-point to 183.30.

The Main Market volume improved to 2.36 billion shares worth RM1.83 billion compared with Tuesday’s 1.97 billion shares worth RM1.56 billion.

Warrants turnover swelled to 334.68 million units worth RM77.61 million from 261.58 million units worth RM54.45 million on Tuesday.

The ACE Market volume decreased to 871.35 million shares worth RM265.24 million from 950.96 million shares worth RM290 million previously.

Consumer products and services counters accounted for 261.26 million shares traded on the Main Market, industrial products and services (656.81 million), construction (105.65 million), technology (717.99 million), SPAC (nil), financial services (49.81 million), property (135.78 million), plantation (32.28 million), REITs (7.21 million), closed/fund (nil), energy (209.81 million), healthcare (72.69 million), telecommunications and media (39.07 million), transportation and logistics (39.38 million), and utilities (40.84 million).

Source: The Edge

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

KUALA LUMPUR (Jan 10): Bursa Malaysia retreated from Monday’s gains to end lower ton Tuesday (Jan 10) due to profit-taking amid the jittery performance of the regional markets, as investors were cautious ahead of the speech by US Federal Reserve chairman Jerome Powell, scheduled for Tuesday, said a dealer.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) decreased 8.29 points or 0.55% to 1,485.13 from Monday's close of 1,493.42.   

The market bellwether opened 3.02 points weaker at 1,490.40 and moved between 1,480.37 and 1,491.22 throughout the trading day. 

Market breadth was also negative, with decliners outpacing advancers 472 to 368, while 436 counters were unchanged, 935 untraded, and 20 others suspended.

Turnover increased marginally to 3.19 billion units worth RM1.91 billion, against Monday's 3.18 billion units worth RM1.92 billion.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said despite some profit-taking on the domestic front, the outlook is expected to remain positive due to attractive valuations and continuous support from local institutions.

“We view the profit-taking today as a good opportunity to bargain hunt for stocks at lower levels,” he told Bernama.

Thong said investors are likely to remain upbeat on China’s reopening, as it would inject some excitement into the regional economy including Malaysia.

“Hence, we anticipate the FBM KLCI to move higher within the 1,480-1,500 range for the remainder of the week,” he added. 

Region-wise, Hong Kong’s Hang Seng Index shed 0.27% to 21,331.46, China’s SSE Composite Index fell 0.21% to 3,169.51, Singapore’s Straits Times Index slid 1.29% to 3,262.91, while Japan’s Nikkei 225 rose 0.78% to 26,175.56, and South Korea’s Kospi rose 0.05% to 2,351.31.

Among heavyweights, MISC lost 19 sen to RM7.30, Axiata declined seven sen to RM2.90, Inari Amertron slid 16 sen to RM2.64, Digi.com fell four sen to RM3.98, and Nestle shrank RM2 to RM137.50.

As for the actives, L&P Global improved one sen to 58 sen, Cypark added 4.5 sen to 70 sen, Berjaya Corporation increased two sen to 35 sen, Tanco ticked up four sen to 38.5 sen, while Top Glove fell two sen to 85 sen. 

On the index board, the FBM Emas Index declined 43.67 points to 10,692.60, the FBMT 100 Index slid 47.43 points to 10,395.62, and the FBM Emas Shariah Index slipped 68.34 points to 10,893.34.

The FBM 70 Index was 14.33 points weaker at 13,193.84 and the FBM ACE Index inched down 61.34 points to 5,376.83.   

Sector-wise, the Financial Services Index trimmed by 42.13 points to 16,480.33, the Plantation Index decreased by 43.74 points to 6,924.40, the Industrial Products and Services Index eased by 0.06 of-a-point to 182.45, while the Energy Index perked up 0.53 of-a-point to 796.06. 

The Main Market volume shrank to 1.97 billion shares worth RM1.56 billion, compared with Monday’s 2.09 billion shares worth RM1.54 billion.

Warrants turnover dwindled to 261.58 million units worth RM54.45 million, from 315.55 million units worth RM79.81 million on Monday. 

The ACE Market volume surged to 950.96 million shares worth RM290.0 million, from 761.99 million shares worth RM289.73 million previously. 

Consumer products and services counters accounted for 263.68 million shares traded on the Main Market, industrial products and services (474.66 million); construction (43.46 million); technology (661.14 million); SPAC (nil), financial services (48.26 million); property (130.08 million); plantation (30.45 million); REITs (7.18 million), closed/fund (nil); energy (112.36 million); healthcare (99.83 million); telecommunications and media (45.39 million); transportation and logistics (34.19 million); and utilities (26.89 million).

Source: The Edge

Market Daily Report: Bursa ends at intraday high

KUALA LUMPUR (Jan 9): Bursa Malaysia ended at an intraday high of 1,493.42 as the reopening of China's border has bolstered the outlook for global economy, with sustained buying interest seen in selected heavyweight counters led by transportation and logistics stocks, said a dealer.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) increased 12.87 points or 0.87% from Friday's close of 1,480.55.   

The market bellwether opened 4.01 points stronger at 1,484.56.

Market breadth also stayed positive with advancers outpacing decliners 589 to 377, while 358 counters were unchanged, 886 untraded, and 19 others suspended.

Turnover added to 3.18 billion units worth RM1.92 billion against Friday's 3.16 billion units worth RM1.62 billion.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the key regional indices also closed mostly higher following a positive cue from Wall Street last Friday.

“Investors are expecting less aggressive US rate hikes,” he told Bernama.

He also believed the reopening of China would benefit countries within the region as it will stimulate tourism and consumption, and at the same time mitigates the regional supply chain problem.

Thus, he expects Malaysia to benefit from the spillover effects on local equities and anticipated the FBM KLCI to test the 1,500 resistance this week.

“The next resistance will be seen at 1,530, with support at 1,460,” he said.

Among heavyweights, MISC Bhd gained 28 sen to RM7.49, Dialog Group Bhd added 16 sen to RM2.58, Inari Amertron Bhd expanded seven sen to RM2.80, IOI Corp Bhd grew 10 sen to RM4.01, and Petronas Dagangan Bhd rose 40 sen to RM22.70.

As for the actives, Citaglobal Bhd eased half-a-sen to 34 sen, while CSH Alliance Bhd added 1.5 sen to six sen, L&P Global Bhd gained six sen to 57 sen, Cypark Resources Bhd firmed half-a-sen to 65.5 sen, and Nylex (Malaysia) Bhd was four sen higher at 41.5 sen.

On the index board, the FBM Emas Index climbed 103.93 points to 10,736.27, the FBMT 100 Index bagged 100.64 points to 10,443.06, and the FBM Emas Shariah Index advanced 125.81 points to 10,961.68.

The FBM 70 Index was 173.46 points better at 13,208.17, and the FBM ACE Index inched up 60.27 points to 5,438.17.   

Sector-wise, the Transportation and Logistics Index widened 32.3 points to 954.47, and the Technology Index was 1.5 points better to 64.67.

The Financial Services Index rose 106.98 points to 16,522.46, the Plantation Index increased 77.97 points to 6,968.14, the Industrial Products and Services Index ticked up 0.84 of-a-point to 182.51, and the Energy Index perked up 17.94 points to 795.53.

The Main Market volume was flat at 2.09 billion shares worth RM1.54 billion compared to last Friday's 2.09 billion shares worth RM1.19 billion

Warrants turnover rose to 315.55 million units worth RM79.81 million from 279.76 million units worth RM61.91 million previously.

The ACE Market volume shrank to 761.99 million shares worth RM289.73 million from 797.13 million shares worth RM363.43 million last Friday.

Consumer products and services counters accounted for 315.21 million shares traded on the Main Market, industrial products and services (929.17 million), construction (50.53 million), technology (261.06 million), SPAC (nil), financial services (56 million), property (106.07 million), plantation (24.37 million), REITs (10.61 million), closed/fund (400), energy (156.11 million), healthcare (82.42 million), telecommunications and media (27.7 million), transportation and logistics (53.05 million), and utilities (23.98 million).

Source: The Edge

Market Daily Report: Bursa ends almost flat on first trading week of 2023

KUALA LUMPUR (Jan 6): Bursa Malaysia pared most of its earlier losses to end marginally lower on the first trading week of this year on lack of positive catalysts, amid a mixed performance on regional bourses.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.38 of-a-point to 1,480.55 from Thursday's closing of 1,480.93.

The market bellwether opened 1.4 points lower at 1,479.53 and moved between 1,474.48 and 1,482.39 throughout the day.

Market breadth was negative with decliners outpacing advancers 452 to 383, while 408 counters were unchanged, 967 untraded, and nine others suspended.

Turnover eased to 3.16 billion units worth RM1.62 billion against Thursday's 3.31 billion units worth RM1.96 billion.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the benchmark index is trading at around 13 times the price-earnings ratio as compared with its five-year average of around 18 times, hence it still offers potential upsides.

"On the other hand, some investors remain cautious due to the increasingly global market volatility,” he added.

Among heavyweights, IHH Healthcare Bhd advanced five sen to RM6.06, Digi.Com Bhd gained 10 sen to RM3.96, Hong Leong Bank Bhd rose 10 sen to RM20.44, Public Bank Bhd was flat at RM4.30, Petronas Chemicals Group Bhd was unchanged at RM8.40, while Malayan Banking Bhd (Maybank) eased one sen to RM8.77, and CIMB Group Holdings Bhd shed six sen to RM5.67.

As for the actives, ACE Market debutant DS Sigma Holdings Bhd rose seven sen to 62 sen, Cypark Resources Bhd increased 6.5 sen to 65 sen, Zen Tech International Bhd added one sen to 3.5 sen, Borneo Oil Bhd was flat at two sen, Top Glove Corp Bhd slipped 1.5 sen to 89.5 sen, and Citaglobal Bhd slid one sen to 34.5 sen.

On the index board, the FBM Emas Index dipped 2.64 points to 10,632.33, the FBMT 100 Index declined 5.92 points to 10,342.42, and the FBM Emas Shariah Index increased 1.32 points to 10,835.87.   

The FBM 70 Index was 21.39 points easier at 13,034.71, while the FBM ACE Index climbed 5.6 points to 5,377.9.   

Sector-wise, the Financial Services Index fell 8.88 points to 16,415.48, the Plantation Index decreased 74.64 points to 6,890.17, the Industrial Products and Services Index shed 0.19 of-a-point to 181.67, and the Energy Index perked up 3.71 points to 777.59.

The Main Market volume slipped to 2.09 billion shares worth RM1.19 billion from Thursday's 2.28 billion shares worth RM1.60 billion.

Warrants turnover dwindled to 279.76 million units worth RM61.91 million from 319.36 million units valued at RM71.90 million on Thursday.

The ACE Market volume swelled to 797.13 million shares worth RM363.43 million from 707.22 million shares worth RM287.34 million previously.

Consumer products and services counters accounted for 245.91 million shares traded on the Main Market, industrial products and services (698.11 million), construction (40.43 million), technology (703.6 million), SPAC (nil), financial services (32.17 million), property (86.13 million), plantation (23.92 million), REITs (70.4 million), closed/fund (19,000), energy (60.47 million), healthcare (113.28 million), telecommunications and media (16.61 million), transportation and logistics (34.31 million), and utilities (23.89 million).

Source: The Edge

Market Daily Report: Bursa snaps two-day losing streak, KLCI up 0.77%

KUALA LUMPUR (Jan 5): Bursa Malaysia snapped two consecutive days of losses to end higher on Thursday (Jan 5) with the key index rising by 0.77% on bargain-hunting activities.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) jumped 11.38 points or 0.77% to 1,480.93 from Wednesday's closing of 1,469.55.

The market bellwether opened 2.91 points higher at 1,472.46 and moved between 1,471.91 and 1,481.01 throughout the day.

Market breadth was positive with advancers leading decliners 479 to 418, while 404 counters were unchanged, 908 untraded, and nine others suspended.

Turnover increased to 3.31 billion units worth RM1.96 billion from Wednesday's 3.24 billion units worth RM1.71 billion.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the reopening of China’s borders has boosted investor sentiment as it will stimulate tourism and consumption, while at the same time, be able to mitigate the regional supply chain problem.

"We anticipate the index to move higher, within the 1,475-1,490 range towards the weekend,” he added.

Among heavyweights, Malayan Banking Bhd (Maybank) increased seven sen to RM8.78, Public Bank Bhd rose two sen to RM4.30, IHH Healthcare Bhd gained two sen to RM6.01, Digi.Com Bhd was two sen higher at RM3.86, while Petronas Chemicals Group Bhd declined five sen to RM8.40, and Hong Leong Bank Bhd shed two sen to RM20.34.

As for the actives, Citaglobal Bhd bagged three sen to 35.5 sen, Top Glove Corp Bhd improved by five sen to 91 sen, Artroniq Bhd garnered six sen to 78.5 sen, Green Packet Bhd was flat at 6.5 sen, Revenue Group Bhd fell 19 sen to 48.5 sen, and Hong Seng Consolidated Bhd shed one sen to 17 sen.

On the index board, the FBM Emas Index went up 72.57 points to 10,634.97, the FBMT 100 Index climbed 76.54 points to 10,348.34, and the FBM Emas Shariah Index rose 75.81 points to 10,834.55.

The FBM 70 Index was 83.47 points higher at 13,056.1 while the FBM ACE Index dipped 6.23 points to 5,372.3.

Sector-wise, the Financial Services Index soared 103.82 points to 16,424.36, the Plantation Index increased 87.27 points to 6,964.81, the Industrial Products and Services Index put on 0.44 points to 181.86, and the Energy Index slipped 7.35 points to 773.88.

The Main Market volume expanded to 2.28 billion shares worth RM1.60 billion from 2.13 billion shares worth RM1.36 billion on Wednesday.

Warrants turnover declined to 319.36 million units valued at RM71.90 million against 419.08 million units valued at RM90.17 million.

The ACE Market volume swelled to 707.22 million shares worth RM287.34 million from 685.72 million shares worth RM259.92 million previously.

Consumer products and services counters accounted for 324.42 million shares traded on the Main Market, industrial products and services (459.29 million), construction (63.92 million), technology (803.68 million), SPAC (nil), financial services (62.54 million), property (104.62 million), plantation (22.16 million), REITs (9.23 million), closed/fund (15,000), energy (102.31 million), healthcare (152.31 million), telecommunications and media (111.61 million), transportation and logistics (41.78 million), and utilities (23.18 million).

Source: The Edge

Market Daily Report: Bursa ends lower

KUALA LUMPUR (Jan 4): Bursa Malaysia ended lower on Wednesday (Jan 4) on a lack of catalysts, in line with most key regional markets.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased by 4.44 points to 1,469.55 from Tuesday's closing of 1,473.99. The market bellwether opened 1.14 points lower at 1,472.85.

Regionally, Singapore's Straits Times Index eased 0.1% to 3,242.46, and Japan's Nikkei 225 Index trimmed 1.45% to 25,716.86, while Hong Kong's Hang Seng Index jumped 3.22% to 20,793.11.

Rakuten Trade Sdn Bhd vice president of Equity Research Thong Pak Leng said despite the heightened volatility in regional markets, he believes that bargain hunting will emerge due to cheap valuations and improving corporate earnings.

“As such, we see the benchmark index to trend within the 1,465-1,485 range for the remainder of the week," he told Bernama.

Further details on the market movement on Wednesday could not be disclosed at the time of writing as the local bourse operator said the FTSE Bursa Malaysia KLCI is currently unavailable in the price feed.

Source: The Edge

Market Daily Report: Bursa ends lower, KLCI dips 1.44%

KUALA LUMPUR (Jan 3): Bursa Malaysia ended the first trading day in 2023 lower with the key index falling 1.44% on profit-taking due to recent gains.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) dropped 21.5 points to 1,473.99 from last Friday's closing of 1,495.49.

The market bellwether opened 6.95 points lower at 1,488.54 and moved between 1,473.8 and 1,488.54 throughout the day.

The market was closed on Monday as a replacement holiday for New Year's Day, which fell on Sunday.

Turnover increased to 3.72 billion units worth RM1.47 billion from last Friday's 2.43 billion units worth RM2.51 billion.

Rakuten Trade Sdn Bhd believed that the outlook for the local bourse remained positive due to attractive valuations and continuous support from local institutions, despite profit-taking activities on Tuesday, said its vice president of equity research Thong Pak Leng.

"We view the profit-taking activities today as a good opportunity to bargain hunt for stocks at lower levels. For the week, we expect the FBM KLCI to hover between 1,470 and 1,490, with immediate support at 1,460 and resistance at 1,500,” he told Bernama.

Among heavyweights, Malayan Banking Bhd (Maybank) added one sen to RM8.71, Petronas Chemicals Group Bhd was flat at RM8.60, Public Bank Bhd declined four sen to RM4.28, CIMB Group Holdings Bhd slid 10 sen to RM5.70, and Tenaga Nasional Bhd (TNB) lost 33 sen to RM9.30.

As for the actives, ACE Market debutant L&P Global Bhd soared 24.5 sen to 54.5 sen, Citaglobal Bhd rose four sen to 33 sen, Cypark Resources Bhd advanced five sen to 52 sen, while both MMAG Holdings Bhd and Borneo Oil Bhd inched down half-a-sen to two sen.

On the index board, the FBM Emas Index trimmed 114.2 points to 10,587.35, the FBMT 100 Index went down 118.38 points to 10,301.42, and the FBM Emas Shariah Index shrank 141.72 points to 10,796.83.

The FBM 70 Index fell 11.23 points to 13,003.79, and the FBM ACE Index advanced 28.82 points to 5,337.15.

Sector-wise, the Financial Services Index slipped 142.02 points to 16,359.29, the Plantation Index slid 110.85 points to 6,973.83, the Industrial Products and Services Index put on 0.12 points to 181.9, and the Energy Index perked up 5.16 points to 781.35.

The Main Market volume expanded to 1.64 billion shares worth RM1.01 billion from last Friday's 1.50 billion shares worth RM2.20 billion.

Warrants turnover increased to 501.32 million units valued at RM118.68 million against 370.58 million units valued at RM73.08 million previously.

The ACE Market volume jumped to 1.57 billion shares worth RM340.32 million from 563.76 million shares worth RM239.11 million.

Consumer products and services counters accounted for 243.21 million shares traded on the Main Market, industrial products and services (790.07 million), construction (29.94 million), technology (170.86 million), SPAC (nil), financial services (56.23 million), property (61.42 million), plantation (22.89 million), REITs (6.07 million), closed/fund (13,500), energy (93.74 million), healthcare (97.79 million), telecommunications and media (21.02 million), transportation and logistics (39.74 million), and utilities (11.54 million).

Source: The Edge