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Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.

Bursa Malaysia's September Snapshot: Indices Dip Amid Currency Crossroads

 Here’s a summary of the key Bursa Malaysia indices and the ringgit performance as of September 30, 2024: Bursa Malaysia Key Indices FBM KLCI: Closed at 1,648.91 , down 0.67% with a year-to-date (YTD) change of 13.35% . FBM Mid 70: Closed at 17,398.53 , down 0.23% with a YTD change of 19.06% . FBM Small Cap: Closed at 17,358.53 , down 0.19% with a YTD change of 6.15% . FBM ACE: Closed at 5,177.28 , up 0.37% but with a YTD change of -2.72% . Bursa Malaysia Trading Volume and Value Total Volume: 4.06 billion units. Total Value: RM3.22 billion. Total Gainers: 488. Total Losers: 652. Total Unchanged: 492. Ringgit Performance USD/MYR: 4.125 (YTD change: 11.38%). SGD/MYR: 3.2214 (YTD change: 7.97%). Top 10 Movers and Laggards in FBM KLCI Top Gainers: Genting Bhd: RM4.230 (+2.67%) Genting Malaysia Bhd: RM2.420 (+2.54%) QL Resources Bhd: RM4.680 (+1.74%) Top Losers: MISC Bhd: RM7.800 (-3.58%) PPB Group Bhd: RM14.460 (-3.47%) Hong Leong Financial Group Bhd: RM19.320 (-3.21%) ...

FBM KLCI Down 0.52% to 1,621.14 on July 24, 2024

  On Wednesday, the FBM KLCI experienced a decline, closing 0.52% lower at 1,621.14. Below is a summary of the performance of key Bursa Malaysia indices and the ringgit: Key Highlights FBM KLCI Performance : The benchmark index fell by 0.52%, closing at 1,621.14 points. Other Bursa Malaysia Indices : Detailed performance of other indices was not provided in the summary. However, it is indicative of a broader market trend given the decline in the FBM KLCI. Ringgit Performance : Specific details on the ringgit's performance against other currencies were not included in the summary. The overall market performance may influence the currency's valuation. Market Context The decline in the FBM KLCI aligns with the broader regional market sentiment, reflecting global economic uncertainties and investor reactions to corporate earnings reports and macroeconomic data.

KLCI gains 8.62pts as ringgit strengthens with crude oil

The FBM KLCI gained 8.62 points or 0.5%, tracking Asian shares' rise as the ringgit strengthened with crude oil. At the 5pm closing bell, the KLCI settled at 1,654.84 points while the ringgit strengthened to 3.9967 against the US dollar. The KLCI and ringgit gained as Asian shares recovered from the immediate impact of the UK's European Union exit (Brexit) decision. In China, the Shanghai Composite rose 1.91%, while Hong Kong's Hang Seng gained 1.27% and Japan's Nikkei 225 climbed 0.6%. Reuters reported that Hong Kong stocks climbed on Monday for a third straight session of gains, as higher commodity prices and hopes of more stimulus measures from Beijing boosted resources shares, and investors built up positions amid ample liquidity in the market. Oil prices rose on Monday following comments from the Saudi energy minister that the market was heading towards balance, although signs of slowing demand in Asia weighed. Brent crude futures were trading at ...

Market Daily Report: FBM KLCI down for 2nd consecutive days on China's data

The FBM KLCI fell 1.51 points or 0.1% after China's weaker external trade numbers continue to hit Asian shares. FBM KLCI closed lower at 1,686.35 At 5pm, the KLCI closed at 1,686.35 points after reaching an intraday low of 1,676.93. The market rebounded strongly in the second half of trading. According to Bloomberg data, China's Shanghai Composite slid 1.34% while Japan's Nikkei 225 lost 0.84%. Today, Reuters reported that sharp losses in Chinese stocks pulled Asian equities further away from two-month highs on Wednesday as weak trade figures from the world's second-biggest economy and wobbly oil prices revived concerns about global growth. Across Bursa Malaysia, there were 446 gainers versus 341 decliners. Trading volume was 1.83 billion shares worth RM1.9 billion. Both AirAsia Bhd and AirAsia X Bhd dominated the top-active list. P.I.E. Industrial Bhd led gainers while British American Tobacco (M) Bhd was the top decliner.