MONEY MASTER

KUALA LUMPUR, Jan 27 (Bernama) -- Bursa Malaysia finished in the negative territory today dampened by subdued trading observed across the board ahead of the upcoming Chinese New Year (CNY) festive holidays, said an analyst. At 5 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 14.76 points, or 0.94 per cent, to end at its intraday low of 1,558.97 compared to Friday’s close of 1,573.73. The benchmark index opened marginally lower by 0.42 of-a-point at its intraday high of 1,573.31 and moved in a downtrend path towards closing. Market breadth was negative with decliners thumping gainers 782 to 235, with 415 counters unchanged, 916 untraded and 60 suspended. Turnover narrowed to 2.76 billion units valued at RM2.38 billion compared to 3.0 billion units valued at RM3.06 billion registered last Friday. UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan noted that the thin trading volume today indicated a clear retreat by investors ...

KUALA LUMPUR, Jan 24 (Bernama) -- Bursa Malaysia ended lower as profit-taking activities persisted for a second consecutive day as investors positioned themselves ahead of next week’s shortened trading schedule, said an analyst. At 5 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 3.47 points, or 0.22 per cent, to 1,573.73 from yesterday’s close of 1,577.20. The index opened 0.30 of-a-point higher at 1,577.50 and moved between 1,566.84 and 1,577.50 duing the day. Market breadth was negative with losers thumping gainers 654 to 314, while 491 counters were unchanged, 962 untraded and 133 suspended. Turnover was lower at 3.0 billion units valued at RM3.06 billion from Thursday’s 3.23 billion units valued at RM2.74 billion. UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said key economic data from China, including the manufacturing PMI an...

KUALA LUMPUR, Jan 23 (Bernama) -- Bursa Malaysia retreated to close lower today following broad-based selling after a four-day rally, primarily due to profit-taking, amid the mostly weaker regional peers, said an analyst. At 5 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 10.60 points, or 0.66 per cent, to 1,577.20 from yesterday’s close of 1,587.80. The index opened 1.28 points lower at 1,586.52 and moved between 1,575.67 and 1,586.52 during the day. Market breadth was negative with losers thumping gainers 671 to 283, while 503 counters were unchanged, 940 untraded and 83 suspended. Turnover climbed to 3.23 billion units valued at RM2.74 billion from Wednesday’s 2.99 billion units valued at RM2.24 billion. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the benchmark index took a breather after four consecutive days of gains as investors locked in profits. ...

KUALA LUMPUR: The FBM KLCI is poised to a fourth straight day of recovery amid an uptick in global investor sentiment as President Donald Trump's trade tariffs had yet to materialise while US technology companies posted positive earnings. At the midday break, the benchmark index was up 6.53 points to 1,589.99. The broader market was evenly spread, with 436 gainers compared to 432 decliners. Turnover was 1.98 billion shares changing hands for RM1.l1bil. According to Reuters, Treasury yields retreated amid relief that Trump did not announced tariffs in the first day of his presidency. Meanwhile, Softbank and Oracle shares surged after Trump announced that Open AI would form a joint venture with the two companies to invest up to US$500bil in AI infrastructure. Asian markets were seen responding positively with Japan's Nikkei gaining 1.34% to 39,549 and Singapore's Straits Times rising 0.1% to 39,537. China's composite index, however, fell 0.84% to 3,215 while Ho...

KUALA LUMPUR, Jan 21 (Bernama) -- Bursa Malaysia closed higher today as bargain hunting persisted, despite ongoing uncertainty surrounding US President Donald Trump's tariff policies. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 8.12 points, or 0.52 per cent, to 1,580.46, anchored mainly by industrial products and services, and utility sectors. The benchmark index opened 2.57 points higher at 1,574.91 from Monday’s close of 1,572.34.  Market breadth remained positive, with gainers outpacing losers 661 to 378 while 505 counters were unchanged, 825 untraded, and nine suspended. Turnover expanded to 3.42 billion units valued at RM2.61 billion from Monday’s 2.95 billion units valued at RM2.45 billion. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the market recovery continued amid cheap valuations after last week’s sharp losses. On top of that, he said Trump's ins...

KUALA LUMPUR, Jan 20 (Bernama) -- Bursa Malaysia closed higher today on continuous bargain hunting following the recent heavy sell-off, amid improved regional sentiment in tandem with the upbeat performance on Wall Street Friday. Additionally, local sentiment was boosted after the release of Malaysia’s total trade data for 2024 earlier today, which recorded RM2.88 trillion, up 9.2 per cent year-on-year, surpassing the RM2 trillion mark for four consecutive years. At 5 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) gained 5.62 points, or 0.36 per cent, to 1,572.34 from Friday’s close of 1,566.72.  The FBM KLCI, which opened 4.42 points higher at 1,571.14, moved between 1,563.48 and 1,575.11 during the day. Market breadth was positive, with gainers trouncing losers 628 to 397, while 473 counters were unchanged, 879 untraded and 19 others suspended. Turnover declined to 2.95 billion units valued at ...

UALA LUMPUR, Jan 17 (Bernama) -- Bursa Malaysia ended the week on a positive note, in line with most of its regional peers, as bargain hunting boosted the FTSE Bursa Malaysia KLCI (FBM KLCI) after a lacklustre performance over the last few days. At 5 pm, the benchmark index increased 11.18 points to 1,566.72 from Thursday’s close of 1,555.54.  The FBM KLCI, which opened 2.11 points easier at 1,553.43, moved between 1,545.67 and 1,569.43 during the day. Market breadth was positive, with gainers leading losers 543 to 434, while 511 counters were unchanged, 889 untraded and 19 others suspended. Turnover decreased to 3.10 billion units valued at RM3.06 billion from Thursday’s 3.57 billion units valued at RM3.15 billion. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the FBM KLCI’s rebound was driven by bargain hunting in utilities, energy, and consumer stocks. ...

KUALA LUMPUR, Jan 16 (Bernama) -- Bursa Malaysia gave up early gains to end at an intraday low on Thursday due to massive foreign selling, and bucking the regional trend in the process. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 6.58 points, or 0.42 per cent, to 1,555.54 from Wednesday’s close of 1,562.12.  The benchmark index opened 10.49 points higher at 1,572.61 and rose to an intraday high of 1,576.57 in the early session before succumbing to selling pressure to hit an intraday low of 1,555.54 at closing. Market breadth was negative, with losers leading gainers 517 to 459, while 487 counters were unchanged, 912 untraded and nine others suspended. Turnover increased to 3.57 billion units valued at RM3.15 billion against Wednesday’s 3.40 billion units valued at RM3.08 billion. Rakuten Trade Sdn Bhd equity research vice-presi...

KUALA LUMPUR, Jan 15 (Bernama) -- Bursa Malaysia reversed its early gains to close broadly lower, with over 900 stocks in the red, reflecting the continuous lack of confidence across the market. The weaker performance was in sync with the downbeat regional market performance, weighed down by cautious sentiment ahead of the release of the US consumer price index (CPI) data later today. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 14.34 points, or 0.91 per cent, to 1,562.12 from Tuesday’s close of 1,576.46.  The FBM KLCI has lost 40.29 points in the last three trading days. The benchmark index opened 5.87 points higher at 1,582.33 and rose to an intraday high of 1,586.21 in the early session before succumbing to selling pressure to hit an intraday low of 1,558.60 in late trading. Market breadth was broadly negative, with losers thumping gainers 964 to 193, while 419 counters were unchanged, 799...

KUALA LUMPUR, Jan 14 (Bernama) -- Bursa Malaysia failed to sustain the buying momentum seen most of the day to end at an intraday low on late selling of selected utilities and plantation heavyweight counters, amid a mixed performance in regional peers. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 9.13 points, or 0.57 per cent, to 1,576.46 from Monday’s close of 1,585.59.  The benchmark index, which opened 7.38 points higher at 1,592.97, moved between 1,576.46 and 1,599.43 during the trading session. The broader market was negative with decliners leading gainers 588 to 400, while 529 counters were unchanged, 842 untraded, and 17 suspended. Turnover increased to 3.45 billion units valued at RM2.72 billion against Monday’s 2.85 billion units valued at RM2.54 billion. UOB Kay Hian Wealth Advisors head of investment research Mohd Sedek Jantan said the index had opened higher, ...

KUALA LUMPUR, Jan 13 (Bernama) -- Bursa Malaysia's benchmark index ended lower today, weighed down by heavy selling in technology and utility blue chips, reflecting the ripple effect from a sell-off on Wall Street last Friday. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 16.82 points, or 1.05 per cent, to 1,585.59 compared with last Friday’s close of 1,602.41. The benchmark index, which opened 3.45 points lower at 1,598.96, moved between 1,578.97 and 1,599.36 during the day. Decliners thumped advancers by 913 to 211, with 450 counters unchanged, 795 untraded and 39 suspended. Turnover increased to 2.85 billion units valued at RM2.54 billion against last Friday’s 2.52 billion units valued at RM2.42 billion. UOB Kay Hian Wealth Advisors head of investment research Mohd Sedek Jantan said investors reacted to lower expectations of interest rate cuts by the US Federal Reserve (Fed)...

KUALA LUMPUR, Jan 10 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) recovered from yesterday's losses to close marginally higher on Friday, driven by bargain hunting in banking and telecommunications stocks, despite the downbeat performance in regional bourses. At 5 pm, the benchmark index edged up 1.60 points, or 0.10 per cent, to 1,602.41 from Thursday’s close of 1,600.81.  The FBM KLCI opened 2.73 points higher at 1,603.54 and moved between 1,599.71 and 1,605.74 throughout the day.  The overall market breadth was slightly negative with 530 losers and 443 gainers, while 551 counters were unchanged, 845 untraded, and 19 others suspended. Turnover narrowed to 2.52 billion units valued at RM2.42 billion against Thursday’s 3.49 billion units valued at RM2.93 billion. UOB Kay Hian Wealth Advisors head of investment research Mohd Sedek Jantan said the barometer...

KUALA LUMPUR, Jan 9 (Bernama) -- The FBM KLCI extended its decline for a second consecutive day, as investor sentiment remained pressured by rising external risks, particularly weak economic growth in China and stronger-than-expected US economic data.  At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 14.02 points, or 0.86 per cent, to 1,600.81 from Wednesday’s close of 1,614.83.  The index opened 3.34 points firmer at 1,618.17 and moved between 1,600.75 and 1,618.17 throughout the day.  Decliners trounced advancers 900 to 231 on the broader market, while 454 counters were unchanged, 785 untraded, and 10 others suspended. Turnover narrowed to 3.49 billion units valued at RM2.93 billion against Wednesday’s 3.59 billion units valued at RM3.06 billion UOB Kay Hian Wealth Advisors head of investment research Mohd Sedek Jantan said the combination of weak Chinese economic data, robust US...

KUALA LUMPUR, Jan 8 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) reversed yesterday’s gains to close lower on Wednesday as investors took profit amid the negative performance of regional peers. At 5 pm, the FBM KLCI fell 14.96 points or 0.92 per cent to end at its intraday low of 1,614.83 from Tuesday’s close of 1,629.79.  The benchmark index opened 0.87 of-a-point easier at 1,628.92 and hit an intraday high of 1,631.15 during the early morning session. Decliners trounced advancers 827 to 285 on the broader market, while 497 counters were unchanged, 761 untraded, and 10 others suspended. Turnover narrowed to 3.59 billion units valued at RM3.06 billion against Tuesday’s 3.91 billion units valued at RM3.29 billion. UOB Kay Hian Wealth Advisors head of investment research Mohd Sedek Jantan noted that major Asian indices followed Wall Street’s downbeat performance, driven by t...

KUALA LUMPUR, Jan 7 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) recovered from yesterday’s losses to close higher Tuesday, driven by bargain-hunting amidst the positive momentum on Wall Street overnight and most regional markets. At 5 pm, the market bellwether increased 4.32 points or 0.26 per cent to 1,629.79 compared with Monday’s close of 1,625.47.  The index opened 0.97 of-a-point lower at 1,624.50 and moved between 1,624.50 and 1,634.27 throughout the day.  However, the broader market was negative with losers outpacing gainers 614 to 490, while 537 counters were unchanged, 712 untraded and 10 others suspended.  Turnover improved to 3.91 billion units valued at RM3.29 billion against Monday’s 3.47 billion units valued at RM2.66 billion. UOB Kay Hian Wealth Advisors head of investment research Mohd Sedek Jantan said optimism in the...

KUALA LUMPUR, Jan 6 (Bernama) -- Bursa Malaysia’s benchmark index closed lower today, mirroring the weak regional performance as major markets worldwide experienced mostly negative trends. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 3.99 points or 0.24 per cent to 1,625.47 compared with Friday’s close of 1,629.46. The index opened 0.28 of-a-point higher at 1,629.74 and moved between 1,623.64 and 1,631.71 throughout the day.  Market breadth was negative with losers outpacing gainers 575 to 505, while 489 counters remained unchanged, 784 untraded and 10 others suspended.  Turnover rose to 3.47 billion units valued at RM2.66 billion against Friday’s 3.70 billion units valued at RM2.87 billion. UOB Kay Hian Wealth Advisors head of investment research Mohd Sedek Jantan said market sentiment was further dampened by concerns over China’s slowing economy, the outlook for US intere...

KUALA LUMPUR: The FBM KLCI erased earlier gains by midday as investors continued to take profit following a six-day rally in the closing days of 2024. At the midday break, the benchmark index was down 2.43 points to 1,630.44. The broader market, however, was positive with 506 gainers compared to 476 decliners, suggesting that investors had turned their attention to picking up bargains among the lower liners. Turnover was 2.4 billion shares valued at RM1.48bil. Investors continue to tread cautiously amid a suggestion by the Federal Reserve that there will be fewer rate cuts this year than initially projected, while the incoming Trump administration will fuel inflation with its growth policies. In China, the Shanghai Composite index dropped 0.46% to 3,247 while Hong Kong's Hang Seng gained 0.87% to 19,794. Singapore's Straits Times fell 1.71% to 3,799. Japan's stock exchange remained closed for a national holiday. On Bursa Malaysia, laggards included Nestle down ...