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Market Daily Report: Bursa Malaysia's Key Index Ends At Intraday High

KUALA LUMPUR, July 30 (Bernama) -- Bursa Malaysia's key index closed at an intraday high today, supported by continued buying interest even as renewed geopolitical tensions and a weaker overnight lead from Wall Street following the US Federal Reserve's (Fed) decision to stand pat on interest rates weighed on broader sentiment. The Fed has decided to hold rates steady for the fifth consecutive meeting, with the Federal Funds Rate unchanged between 3.50 per cent and 3.75 per cent. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.84 points to 1,720.40 from yesterday’s close of 1,715.56. The benchmark index, which opened 1.14 points lower at 1,714.42, hit its lowest level of 1,710.69 in early trade before gaining momentum for the rest of the day. However, the broader market was negative with losers outpacing gainers 581 to 411, while 612 counters were unchanged, 1,173 untraded, and 87 suspended. Turnover declined to 2.49 billion units valued at RM2.25 billion from ...
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Market Daily Report: FBM KLCI gains 7.11 points, propped up by institutional window dressing

KUALA LUMPUR (March 30): The FBM KLCI closed up 7.11 points or 0.4% on what appeared to be institutional investors' window-dressing activities at the end of 2018’s first quarter. At 5pm today, the KLCI closed at 1,863.46. Across Bursa Malaysia, 1.82 billion shares were traded for RM1.9 billion. “Most government-linked companies seem to be the ones being traded higher, which could be due to window dressing,” Hong Leong Investment Bank Bhd head of retail research Loui Low told theedgemarkets.com. He said sentiment across Bursa Malaysia seemed subdued as the total volume of shares traded remained below the two billion mark. Yesterday's share trade volume was about 1.88 billion shares. Today, Bursa Malaysia top gainers included KLCI-linked stocks Nestle (M) Bhd and Petronas Dagangan Bhd. The most-actively traded stocks included Sapura Energy Bhd, PUC Bhd and SKH Consortium Bhd. Across Asia, Japan's Nikkei 225 rose 1.4% while South Korea's Kos...
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Market Daily Report: FBM KLCI down after rising with Asian shares

KUALA LUMPUR (March 29): The FBM KLCI closed 1.52 points or 0.1% lower on profit taking after rising with Asian shares earlier. Reuters reported that Asian shares erased losses to close higher on media reports that Japan had sounded out North Korea's government about a bilateral summit, and that Pyongyang had also discussed the possibility of a broader meeting with other global leaders. It was reported that Beijing had said on Wednesday that North Korea's leader Kim Jong Un had pledged his commitment to denuclearisation at a meeting with Chinese President Xi Jinping. At Bursa Malaysia today, the KLCI closed at 1,856.35 at 5pm after volatile trade. The KLCI's intraday high and low were at 1,860.56 and 1,854.50 respectively. At 5pm, the KLCI ended lower after investors sold index-linked stocks including Press Metal Aluminium Holdings Bhd and Genting Bhd. Across Bursa Malaysia, 1.89 billion shares worth RM2.09 billion were traded. ...
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Market Daily Report: FBM KLCI pares losses as China-US trade spat concerns ebb

KUALA LUMPUR (March 26): The FBM KLCI pared losses to close 5.31 points or 0.3% lower while Asian shares erased losses to end higher. World markets took cue from US stock futures' rise as China-US trade spat concerns ebbed. Reuters reported that world stocks came off six-week lows and US stock futures jumped on Monday on optimism that the United States and China are set to begin negotiations on trade, easing fears about a trade war between the world's two largest economies. MSCI's world equity index, which tracks shares in 47 countries, turned positive on the day, having earlier hit its lowest level since Feb 9, after The Wall Street Journal reported that US Treasury Secretary Steven Mnuchin was considering a visit to Beijing to begin negotiations. US stock futures rose more than 1 percent on the news. At Bursa Malaysia today, the KLCI closed at 1,859.91 at 5pm after the index fell to its intraday low at 1,852.55 points. Across Asia, Japan'...
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