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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.
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Market Daily Report: KLCI finishes 0.68% lower on impending lockdown

  KUALA LUMPUR (May 31): The FBM KLCI finished the trading day 0.68% or 10.89 points lower today at 1,583.55, with glove makers leading the decline among the index’s component companies today. The biggest losers among the headline index’s components were Supermax Corp Bhd, Hartalega Holdings Bhd and Hap Seng Consolidated Bhd. The KLCI was not the only index to see a decline today as only four indices present on Bursa Malaysia posted gains. Market breadth was broadly negative today, with 841 counters posting declines vis-a-vis 353 that were unchanged and 264 that posted gains today. The top active counters on the local bourse today were Kumpulan Jetson Bhd, HB Global Ltd and ManagePay Systems Bhd. Making podium finishes on the top value gainer list were Malaysian Pacific Industries Bhd (MPI), Pharmaniaga Bhd and Panasonic Manufacturing Malaysia Bhd. Conversely, the three biggest value losers were Serba Dinamik Holdings Bhd, Hengyuan Refining Co...
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Market Daily Report: Final-hour nudge helps KLCI finish higher

  KUALA LUMPUR (May 28): The FBM KLCI closed up 0.54 point or 0.03% at 1,594.44 today after a final-hour nudge helped the 30-stock index finish in positive territory as investors weighed corporate financial results during the ongoing reporting season and after major Asian equity indices ended higher. Across Bursa Malaysia at 5pm, there were 577 decliners versus 472 gainers. A total of 8.82 billion securities were traded for RM4.19 billion today. Yesterday, 8.61 billion securities were transacted for RM7.33 billion. The KLCI had languished in negative territory for almost the entire trading session today before closing up shortly before markets closed. The KLCI had earlier today fallen to its intraday low of 1,580.78 points and rose to its intraday high of 1,594.62. At a glance, the share price rise in KLCI-linked financial services providers including Hong Leong Bank Bhd and CIMB Group Holdings Bhd had partly helped erase losses in the final trading hour. TA Securit...
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Market Daily Report: KLCI rises 1.02% on technical rebound as Covid-19 woes priced in

    KUALA LUMPUR (May 27): The FBM KLCI staged a firm technical rebound today, boosted by late buying support in several index-linked stocks. The index closed up 16.08 points or 1.02% at the day's high of 1,593.9, helped by last-minute buying in stocks like Public Bank Bhd, Axiata Group Bhd and Maxis Bhd. When contacted, remisier Jeffry Azizi Jaafar said the KLCI staged a “solid technical rebound” as investors positioned themselves towards the blue-chips counters. “I believe this was also partly due to the market having priced in all the negative news, mainly in relation to the spike in Covid-19 cases in the country,” he added. Market observers said the fresh buying was also  prompted by encouraging corporate results for the January to March quarter Across Bursa Malaysia 8.61 billion shares were traded, up 36% compared with 6.34 billion shares on Tuesday. Trading value jumped 92% to 7.32 billion from RM3.82 billion. The market breadth was mixed with 555 gai...
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