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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: Bursa closes mixed on late profit-taking, KLCI ends at intraday low

KUALA LUMPUR (Aug 30): Bursa Malaysia ended mixed, with the local benchmark index hitting an intraday low at the close on Wednesday, driven by late profit-taking from selected telecommunications and media counters.  At 5pm, the FBM KLCI had fallen 2.50 points to 1,451.94, from 1,454.44 at Tuesday’s close. The barometer index opened 1.79 points firmer at 1,456.23, and moved slightly up to 1,462.80 during the day, before the decline. On the broader market, gainers and decliners were equal at 499, 423 counters were unchanged, 957 were untraded, and 70 others were suspended. Bursa and its subsidiaries will be closed on Thursday for National Day, and will resume operations on Friday. Turnover advanced to 4.90 billion units worth RM4.75 billion, against Tuesday’s 4.02 billion units worth RM2.85 billion. Axiata Group Bhd and CelcomDigi Bhd were the top two contributors towards the local benchmark index’s downtrend. Axiata lost 22 sen to R...
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Market Daily Report: Bursa rebounds to close higher amid upbeat regional performance

KUALA LUMPUR (Aug 29): Bursa Malaysia rebounded from Monday’s loss to close higher on Tuesday, amid a regional market performance lifted by hopes for more stimulus measures from China. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 10.38 points to 1,454.44 from 1,444.06 at Monday's close. The barometer index opened 0.59 of a point lower at 1,443.47 and moved between 1,441.52 and 1,455.8 throughout the day.  On the broader market, gainers outpaced decliners 535 to 505, while 388 counters were unchanged, 951 untraded and 71 others suspended. Turnover decreased to 4.02 billion units worth RM2.85 billion against Monday’s 4.46 billion units worth RM2.84 billion.  SPI Asset Management managing partner Stephen Innes said the KLCI experienced a decent uptick on Tuesday, ahead of a week of important economic data from the US. Key US economic readings this week could provide further clarity on the US Federal Reserve's (Fed) decision on interest rates.  “Notably, the ...
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Market Daily Report: Bursa ends slightly lower, broader market firmer

KUALA LUMPUR (Aug 28): Bursa Malaysia’s key index ended slightly lower while the broader market was firmer on Monday (Aug 28) on lack of buying interest as investors shifted their focus on small- and mid-cap stocks, said a trader.  Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said, however, Malaysian equities ended higher with buying interests mainly on property and construction stocks. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.35 of a point to 1,444.06 from 1,444.41 at last Friday’s (Aug 25) close. The barometer index opened 0.74 of a point lower at 1,443.67 and moved in a tighter range between 1,441.78 and 1,445.31 throughout the day.   However, the broader market was positive with advancers outpacing decliners 573 to 477, while 387 counters were unchanged, 955 untraded and 23 others suspended. Turnover increased to 4.46 billion units worth RM2.84 billion against Friday’s 3.72 billion units wo...
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