MONEY MASTER

  KUALA LUMPUR (Jan 29): The FBM KLCI fell 14.22 points or 0.9% to close at 1,566.40 today as Bursa Malaysia tracked losses in regional markets. Malacca Securities head of research Loui Low said the negative regional trend and the possibility of the current lockdown being extended contributed to the index’s decline. “The KLCI’s movement next week should remain negative as investors are waiting to hear whether the movement control order (MCO) will be extended,” Low told theedgemarkets.com. He said the market will show further weakness if the MCO is expanded. Across Bursa, 6.53 billion securities were traded for RM6.37 billion, compared with 5.64 billion securities worth RM4.98 billion yesterday. Losers led gainers by 869 to 367, while 384 counters closed unchanged. Among the 30 index-linked stocks, the top losers were Nestle (Malaysia) Bhd (down RM1.50 or 1.08% to RM137), Hong Leong Financial Group Bhd (down 50 sen or 2.97% to RM16.36), and MISC Bhd (down 33...

  KUALA LUMPUR (Jan 27): The FBM KLCI finished 5.31 points or 0.34% higher at 1,580.62, snapping a two-day losing streak. However, Hong Leong Investment Bank's head of retail research Ng Jun Seng opined that volatility remains. The index rose to a high of 1,593.08 earlier. Ng said investors were still assessing the impact of the recent Movement Control Order on the economy and corporates. He also reckoned that buying interest was weak ahead of the holidays (Thaipusam on Jan 28 and Federal Territory Day on Feb 1). “There is a cap on the upside at this juncture. Based on technical terms, if the market can’t reclaim above the 1,600 psychological level, the KLCI will be stuck at range bound,” he told thedgemarkets.com. He also noted the market was lacking a catalyst to move on as Covid-19 cases remained elevated. “Volatility will remain for a while, investors should be more short-term trading oriented,” he added. Across Bursa Malaysia, 5.64 billion securities were traded for RM...

  KUALA LUMPUR (Jan 26): The FBM KLCI erased earlier gains and ended the day on a flat note, as investors remained cautious amid the rising Covid-19 cases. The FBM KLCI closed 1.31 points or 0.083% lower at 1,575.31 after rising to a high of 1,609.19 earlier. Rakuten Trade Sdn Bhd head of research Kenny Yee told theedgemarkets.com that bargain hunting was driving the market up earlier but sentiment remained jittery. He said the market is still volatile, as investor confidence remained low amid the rising Covid-19 cases. Across Bursa Malaysia, 5.93 billion securities were traded for RM4.74 billion, compared with 7.48 billion securities worth RM5.17 billion yesterday. Gainers led losers by 601 to 537, while 490 counters closed unchanged. Glove makers which surged yesterday saw profit taking today. Top Glove Corp Bhd fell 32 sen or 4.91% to RM6.20; Supermax Corp Bhd slipped 35 sen or 5% to RM6.65; Hartalega Holdings Bhd slid 56 sen or 4.31% to RM12.44. Meanwhile, bank...