MONEY MASTER

The Malaysian stock market experienced a modest retreat on Tuesday, with the FBM KLCI index closing down by 6.69 points, or 0.42%. The market fluctuated within a 13.09-point range, hitting an intra-day high of 1589.06 and a low of 1575.97. Sector-wise, the Finance Index fell by 0.34% to 17214.15 points, the Properties Index edged down by 0.12% to 1018.79 points, and the Plantation Index decreased by 0.30% to 7436.76 points. Trading volumes contracted slightly to 4180.48 million shares worth RM3748.22 million, compared to Monday's 4241.70 million shares valued at RM3480.47 million. The list of actively traded stocks was topped by HSI-CVZ, MYEG, ICONIC-WA, CLASSITA, ICONIC, MKHOP, HSI-HUF, FITTERS, YTL, and BPURI. Leading the gains in the KLCI index were AXIATA, TM, MAXIS, SIME, and RHBBANK, with AXIATA up by 3 sen to RM2.83, TM rising by 6 sen to RM6.19, MAXIS increasing by 3 sen to RM3.67, SIME gaining 2 sen to RM2.80, and RHBBANK advancing by 3 sen to RM5.50. On the flip side, YTL...

KUALA LUMPUR (April 24): Bursa Malaysia closed at a two-year high on Wednesday with the key index rising 0.63%, driven by a positive outlook on the local bourse and amid an upbeat performance by regional peers.  At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 9.84 points to 1,571.48 from Tuesday's close of 1,561.64. The benchmark index, which opened 3.85 points higher at 1,565.49, moved between 1,564.89 and 1,572.48 throughout the trading session. On the broader market, gainers surpassed decliners 777 to 327 while 480 counters were unchanged, 780 untraded and 21 others suspended.  Turnover improved to 4.25 billion units worth RM3.03 billion from 3.73 billion units worth RM2.79 billion on Tuesday. Mohd Sedek Jantan, head of wealth research and advisory and designated portfolio manager at UOB Kay Hian Wealth Advisors, said the KLCI was driven by a positive outlook on the Malaysian market.  “This upsurge was primarily propelled by optimism towards the techn...

KUALA LUMPUR (April 23): Bursa Malaysia continued its upbeat momentum to end higher for the fifth consecutive day on Tuesday, thanks to buying from local and foreign institutions, said an analyst.  At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 2.05 points to 1,561.64 from Monday's close of 1,559.59. The benchmark index which opened 0.22 of a point better at 1,559.81, moved between 1,559.81 and 1,567.57 throughout the trading session. On the broader market, gainers thumped decliners 642 to 402, while 507 counters were unchanged, 823 untraded and 22 others suspended.  Turnover improved to 3.73 billion units worth RM2.79 billion from 3.49 billion units worth RM2.53 billion on Monday.  Rakuten Trade Sdn Bhd equity research vice president Thong Pak Leng said key regional indices also finished higher following the positive cue from global equities on hope for strong earnings from tech giants this week. He said strong earnings are expected to help off...