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Market Daily Report: Bursa Malaysia Ends Marginally Lower Amid Lack Of Fresh Catalysts

KUALA LUMPUR, Sept 28 (Bernama) -- Bursa Malaysia ended marginally lower on Monday amid selling activity as the market lacked fresh catalysts to spur investors’ buying interest, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.60 points, or 0.09 per cent, to 1,670.02, from Friday’s close of 1,671.62. The benchmark index, which opened 0.93 of-a-point higher at 1,672.55, moved between 1,668.61 and 1,674.11 throughout the trading session. Market breadth was negative as losers surpassed gainers 748 to 388, while 517 counters were unchanged, 1,271 untraded and 91 suspended. Turnover slipped to 3.11 billion units worth RM2.40 billion from 4.07 billion units valued at RM2.69 billion on Friday.

Market Daily Report: KLCI dips 15.26 points as China, Japan data hit Asian shares

KUALA LUMPUR (Feb 28): The FBM KLCI fell 15.26 points or 0.8% with Asian shares as investors responded to weaker China and Japan manufacturing data amid anticipation of speedier US interest rate hikes. At 5pm, the KLCI closed at 1,856.20. Across Asia, Japan’s Nikkei 225 fell 1.44%. In China, Hong Kong’s Hang Seng dropped 1.36% while the Shanghai Stock Exchange Composite was 0.99% lower. Reuters reported that China's official Purchasing Managers' Index (PMI) released on Wednesday fell to 50.3 in February, from 51.3 in January. But it remained just above the 50-point mark that separates growth from contraction on a monthly basis. In Japan, trade ministry data out on Wednesday showed factory output fell 6.6 percent in January from the previous month. It was also reported that most emerging Asian currencies fell on Wednesday, while the dollar held firm near a three-week high after US Federal Reserve chairman Jerome Powell struck a hawkish tone in his ...

Market Daily Report: KLCI up 11.38 points, lifted by banking stocks

KUALA LUMPUR (Feb 27): The FBM KLCI gained 11.38 points or 0.61%, lifted mainly by banking stocks. At 5pm, the KLCI closed at 1,871.46 points. Bursa Malaysia's finance index rose 201.41 points or 1.11% to settle at 18,299.16 points as Hong Leong Financial Group Bhd and Hong Leong Bank Bhd shares emerged among Bursa Malaysia's top 10 gainers. “On a technical basis, the KLCI should continue to see an uptrend to about 1,880 level. If there is any negative external surprise, we should see a support level at about 1,840 to 1,850,” Hong Leong Investment Bank head of retail research Loui Low said. Across Asian markets, Japan’s Nikkei 225 gained 1.07%, Hong Kong’s Hang Seng fell 0.73% while South Korea’s Kospi slipped 0.06%. Reuters reported that global shares held firm near three-week highs on Tuesday as US borrowing costs eased ahead of Federal Reserve Chairman Jerome Powell's awaited first congressional testimony later in the day. Powell's debut app...

Market Daily Report: KLCI down as Genting, Nestle slips

KUALA LUMPUR (Feb 26): The FBM KLCI slipped 1.42 points or 0.1% as investors evaluated Malaysia's corporate financials and after a last-minute selling of Genting Bhd shares dragged the KLCI lower. At 5pm, the KLCI closed at 1,860.08. Genting shares dropped 18 sen to RM8.92 to become one of the biggest decliners on Bursa Malaysia. Inter-Pacific Securities Sdn Bhd head of research Pong Teng Siew said: “Generally (Malaysia corporate) results have not been too encouraging, but we do see better profits." Across Bursa Malaysia, 2.72 billion shares worth RM2.74 billion were traded. Top decliners included KLCI-linked stocks Nestle (M) Bhd and Hong Leong Financial Group Bhd. Top gainers included Dutch Lady Milk Industries Bhd and KLCI component Hong Leong Bank Bhd. Source: The Edge