MONEY MASTER

  KUALA LUMPUR (Sept 29): Bursa Malaysia finished at its intra-day high for the second consecutive day on Wednesday, lifted by late buying in selected financial services as well as industrial products and services counters amid concerns over the local and global economic outlook, dealers said. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) added 0.83 of-a-point or 0.05% to 1,547.65 from Tuesday’s close of 1,546.82.  The index, which opened 4.86 points lower at 1,541.96, moved as low as 1,528.69 during the day. Meanwhile, market breadth was negative with decliners surpassing gainers 581 to 398, while 455 counters were unchanged, 870 untraded and 85 others suspended. Turnover declined to 3.67 billion units worth RM2.71 billion from Tuesday’s 5.45 billion units worth RM3.29 million. A dealer said investors’ sentiment turned cautious on Wednesday over the World Bank’s move to revise Malaysia’s 2021 economic growth projection downwards to 3.3% from the 4.5%...

  KUALA LUMPUR (Sept 28): Continuous buying in selected industrial products and services as well as healthcare counters lifted Bursa Malaysia to close at its intraday high on Tuesday, with more investors becoming more confident over the bullish domestic economic outlook, dealers said. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) jumped 13.77 points or 0.9% to 1,546.82, from Monday’s close of 1,533.05.  The index, which opened 0.46 of-a-point higher at 1,533.51, moved to as low as 1,526.28 during the day. However, market breadth was negative with decliners surpassing gainers 594 to 463, while 409 counters were unchanged, 837 untraded and 24 others suspended. Turnover advanced to 5.45 billion units worth RM3.29 billion from Monday’s 4.38 billion units worth RM2.98 billion. A dealer said the 12th Malaysia Plan (12MP) 2021-2025 tabled by Prime Minister Datuk Seri Ismail Sabri Yaakob in the Parliament on Monday seemed to have provided some boost to invest...

KUALA LUMPUR (Sept 27): Late buying in selected heavyweights lifted Bursa Malaysia out of negative territory to end slightly higher on Monday as investors digested the 12th Malaysia Plan (12MP) 2021-2025, dealers said. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 0.99 of-a-point or 0.06% to 1,533.05, from Friday’s close of 1,532.06.  The index, which opened 0.83 of-a-point higher at 1,532.89, moved in a tight range between 1,526.14 and 1,533.51 throughout the day. Market breadth however was negative with decliners outpacing gainers 587 to 424, while 439 counters were unchanged, 863 untraded and 16 others suspended. Turnover fell to 4.38 billion units worth RM2.98 billion from Friday’s 4.78 billion units worth RM3.34 billion. The 12MP roadmap, tabled in parliament by Prime Minister Datuk Seri Ismail Sabri Yaakob on Monday, among others, highlighted that the government's financial position is expected to improve in 2023 with the strengthening of...