MONEY MASTER

  KUALA LUMPUR: (Aug 30): Bursa Malaysia continued its upward momentum to close higher, driven by persistent buying support in selected utilities as well as telecommunications and media counters, in line with bullish sentiment on the regional market, dealers said. The FBM KLCI jumped 11.22 points to end at 1,601.38 from Friday’s close of 1,590.16. The benchmark index opened 3.03 points better at 1,593.19 and moved between 1,592.1 and 1,604.9 throughout the session. Market breadth was positive with gainers surpassing decliners 537 to 503, while 460 counters were unchanged, 746 untraded and 50 others suspended. Turnover was higher at 4.43 billion units worth RM3.67 billion compared with 4.08 billion units worth RM2.96 billion on Friday. A dealer said Asian stock markets were traded mostly higher today, responding to the broadly positive cues from Wall Street on Friday following US Federal Reserve chairman Jerome Powell's remarks at the Jackson Hole symposium on the same d...

  KUALA LUMPUR (Aug 27): The FBM KLCI rose 0.28% today, its highest in almost three months, as the positive market sentiment continued to hold amid the temporary resolution to the political turmoil in recent weeks. At 5pm, the benchmark index gained 4.42 points or 0.28% to close at 1,590.16, after earlier touching an intraday high of 1,594.52. On a week-on-week basis, the index was up 4.8% since last Friday’s closing of 1,518.03 points. The local bourse saw a total of 4.08 billion shares worth RM2.96 billion traded, lower than yesterday’s 4.38 billion worth RM3.25 billion. Market breadth was negative, as 620 decliners outnumbered 393 gainers. Meanwhile, 444 counters were unchanged. In a note, Hong Leong Investment Bank analyst Ng Jun Sheng said the KLCI may continue to rise, although the upside may be capped. “Driven by foreign funds buying in anticipation of easing political risk and confidence in policy continuity, the reopening of more economic sectors amid pro...

  KUALA LUMPUR (Aug 26): Bursa Malaysia continued to hover at a two-month-high level on Thursday, with the benchmark composite index rallying to the 1,585-level. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 15.94 points to 1,585.74 from Wednesday’s close of 1,569.80.    The market bellwether opened 0.92 point higher at 1,570.72, which was also the lowest level for the day, and climbed as high as 1,590.91. Market breadth was positive with gainers outpacing losers 580 to 506, while 419 counters were unchanged, 747 untraded and 23 others suspended. Turnover, however, was lower at 4.38 billion units worth RM3.25 billion compared with 4.55 billion units valued at RM2.89 billion yesterday. Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said Bursa Malaysia outperformed most Asian peers such as Hong Kong, China, South Korea and Indonesia that recorded losses. "Perhaps the anticipated announcement of the Cabinet Ministers line-up continued to reins...