Source: Fintan Ng (The Star Online)
KUALA LUMPUR: The local bourse’s benchmark FBM KLCI index may see more upside ahead following higher crude oil and commodity prices boosting investors’ confidence.
Nymex crude oil and the local crude palm oil futures settled at higher prices last Friday.
OSK Research Sdn Bhd analyst Shin Kao Jack said in a report that the market could be establishing a new uptrend after rallying for eight out of the last 10 sessions and adding 95 points in the process.
HwangDBS Vickers Research Sdn Bhd said in another report that the index would be eyeing to test the 1,160 resistance level again anytime soon.
“A convincing breakout will then lift the benchmark index towards the next resistance mark of 1,190,” it said.
At 9.30am, the index was down 2.32 points to 1,153.56 while in Bursa Malaysia, 161 counters were up, 103 were down and 121 others were traded unchanged.
There were 110.44 million shares done with a total value of RM79.89 million.
Among plantation counters, IOI fell 8 sen to RM4.78, Kulim dropped 10 sen to RM7.10 while PPB gained 40 sen to RM14.
IJM dropped 10 sen to RM6.20, Genting was up 10 sen to RM6.45, Public Bank’s foreign tranche lost 10 sen to RM10.10 and TNB shed 10 sen to RM8.05.
Nymex crude oil in electronic trade was up 9 cents to US$68.14 per barrel.
Spot gold gained 17 cents to US$951.52 per ounce
Showing posts with label FBM KLCI. Show all posts
Showing posts with label FBM KLCI. Show all posts
Monday, July 27, 2009
Tuesday, July 21, 2009
FBM KLCI ends lower on profit-taking
Source: The Star Online
KUALA LUMPUR: Shares on Bursa Malaysia ended the day lower after a gain in morning trade due to profit-taking activities.
The benchmark FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) closed 4.55 points, or 0.40% lower to 1,134.70 at 5pm while most markets in the region were in positive territory.
The Asian stocks rose, lifting the MSCI Asia Pacific Index to a nine-month high, after Australia’s treasurer said the global economy may have bottomed and Goldman Sachs Group Inc raised its Standard.
Tokyo’s Nikkei 225 gained 2.73% to 9,652.02 and Hong Kong’s Hang Seng Index unchanged at 19,501.73.
Shanghai’s A share index fell 1.64% to 3,213.21, Seoul’s Kospi Index advanced 0.71% to 1,488.99 while Singapore’s Straits Times Index was 0.7% lower at 2,454.33.
At Bursa Malaysia, 209 counters were up, 427 counters were down and 239 others were trade unchanged. There were 912.65 million shares changed hands with a total value of RM1.49 billion.
Among top gainers, PPB Group gained 40 sen to RM13.00, BAT surged 25 sen to RM45.25, KFC added 15 sen to RM7.15 and Panasonic Manufacturing Msia rose 10 sen to RM12.00.
Losers included DIGI plunged 30 sen to RM22.00, Top Glove fell 20 sen to RM7.05, DFZ Capital and MAS lost 12 sen to RM4.78 and RM3.04 respectively.
The most actively traded stocks included KNM down 1 sen to RM83 sen, Axiata fell 9 sen to RM2.87, Jaks Resources lost 1.5 sen to RM92 sen, IOI Corp up 4 sen to RM4.84, AMDB shed 3.5 sen to 16.5 sen, Kinsteel was 3 sen lower at 94.5 sen, Astro down 14 sen to RM3.28 and UEM Land remained unchaged at RM1.65.
Among bank stocks, Maybank rose 20 sen to RM6.40, BCHB fell 15 sen to RM9.950, Public Bank down 20 sen to RM10.10 and Hong Leong Bank was 5 sen lower at RM5.85.
Plantation stocks, United Plantations lost 30 sen to RM12.10, KL Kepong gained 20 sen to RM12.30, United Malacca up 5 sen to RM7.90 and Sime was unchanged at RM7.55.
Crude palm oil shed RM15 to RM2,145 per tonne.
Nymex crude oil added 1 cent to US$63.99 per barrel.
The ringgit was quoted at 3.542 to the US dollar.
KUALA LUMPUR: Shares on Bursa Malaysia ended the day lower after a gain in morning trade due to profit-taking activities.
The benchmark FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) closed 4.55 points, or 0.40% lower to 1,134.70 at 5pm while most markets in the region were in positive territory.
The Asian stocks rose, lifting the MSCI Asia Pacific Index to a nine-month high, after Australia’s treasurer said the global economy may have bottomed and Goldman Sachs Group Inc raised its Standard.
Tokyo’s Nikkei 225 gained 2.73% to 9,652.02 and Hong Kong’s Hang Seng Index unchanged at 19,501.73.
Shanghai’s A share index fell 1.64% to 3,213.21, Seoul’s Kospi Index advanced 0.71% to 1,488.99 while Singapore’s Straits Times Index was 0.7% lower at 2,454.33.
At Bursa Malaysia, 209 counters were up, 427 counters were down and 239 others were trade unchanged. There were 912.65 million shares changed hands with a total value of RM1.49 billion.
Among top gainers, PPB Group gained 40 sen to RM13.00, BAT surged 25 sen to RM45.25, KFC added 15 sen to RM7.15 and Panasonic Manufacturing Msia rose 10 sen to RM12.00.
Losers included DIGI plunged 30 sen to RM22.00, Top Glove fell 20 sen to RM7.05, DFZ Capital and MAS lost 12 sen to RM4.78 and RM3.04 respectively.
The most actively traded stocks included KNM down 1 sen to RM83 sen, Axiata fell 9 sen to RM2.87, Jaks Resources lost 1.5 sen to RM92 sen, IOI Corp up 4 sen to RM4.84, AMDB shed 3.5 sen to 16.5 sen, Kinsteel was 3 sen lower at 94.5 sen, Astro down 14 sen to RM3.28 and UEM Land remained unchaged at RM1.65.
Among bank stocks, Maybank rose 20 sen to RM6.40, BCHB fell 15 sen to RM9.950, Public Bank down 20 sen to RM10.10 and Hong Leong Bank was 5 sen lower at RM5.85.
Plantation stocks, United Plantations lost 30 sen to RM12.10, KL Kepong gained 20 sen to RM12.30, United Malacca up 5 sen to RM7.90 and Sime was unchanged at RM7.55.
Crude palm oil shed RM15 to RM2,145 per tonne.
Nymex crude oil added 1 cent to US$63.99 per barrel.
The ringgit was quoted at 3.542 to the US dollar.
FBM KLCI touches year new high in morning
Source: The Star Online
KUALA LUMPUR: The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) touches year new high of 1,143.26 at the opening Tuesday on active trading on bluechips.
HwangDBS Vickers Research Sdn Bhd said the positive vibes generated overnight are expected to spread on across the region today.
Local investors may be on the lookout for laggard plays following a cumulative gain of 75.6 points or 7.1% over five straigh days as measured by its bellwether FBM KLCI, according to the brokerage.
“FBM KLCI, which back to where it was in early August last year, has probably signaled a fresh wave of upward bias after breaking past the 1,125 resistance mark yesterday,” it said.
OSK Research analyst Shin Kao Jack said local bourse has gone up by at least 10 points daily for five consecutive trading days.
He expects there is still a great possibility that the market will take a breather this week.
“From the current level, an immediate resistance lies at the 1,165-point level followed by the 1,187-point level,” he said, noting that immediate support is seen at the 1,135-point level, followed by the 1,120 points and 1,108 points.
On regional, Asian stocks advanced in the morning trade following news on CIT Group Inc obtained a loan to allow the company to avoid bankruptcy and Goldman Sachs Group Inc raised its estimates for the US Standard & Poor’s 500 Index on improving earnings.
At 9.45am, the FBM KLCI down 0.14% to 1,137.66 while Singapore’s Straits Times Index dropped 0.01% to 2,455.96.
Tokyo’s Nikkei 225 gained 1.45% to 9,531.75. Shanghai’s A share index rose 0.19% to 3,273.23.
Hong Kong’s Hang Seng Index climbed 3.70% to 19,502.37 and Seoul’s Kospi Index added 0.84 to 1,490.95.
At Bursa Malaysia, 122 counters rose, 167 counters fell while 205 others were traded unchanged. There were 202.76 million shares done with a total value of RM230.14 million.
Among gainers, Tanjong up 20 sen to RM14.40, MPI and Superlon added 10 sen each to RM5.55 and 50 sen respectively.
Property counters, Landmarks was up 7 sen to RM1.38, Berjaya Land advanced 6 sen to RM3.80 and UEM Land rose 1 sen to RM1.66.
Plantation stocks, Kulim added 10 sen to RM7.15, Sime gained 10 sen to RM7.65, Astral Asia rose 7 sen to RM1.03 and TSH Resources was 6 sen higher at RM1.70.
Among losers, Nestle fell 25 sen to RM31.50, BCHB dropped 15 sen to RM9.95, Astro was 12 sen lower at RM3.30, DIGI down 10 sen to RM22.20 and Public Bank lost 10 sen to RM10.20.
Nymex crude oil rose 32 cents to US$64.30 per barrel.
Spot gold climbed 84 cents to US$947.85 per ounce.
The ringgit was quoted at 3.544 to the US dollar.
KUALA LUMPUR: The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) touches year new high of 1,143.26 at the opening Tuesday on active trading on bluechips.
HwangDBS Vickers Research Sdn Bhd said the positive vibes generated overnight are expected to spread on across the region today.
Local investors may be on the lookout for laggard plays following a cumulative gain of 75.6 points or 7.1% over five straigh days as measured by its bellwether FBM KLCI, according to the brokerage.
“FBM KLCI, which back to where it was in early August last year, has probably signaled a fresh wave of upward bias after breaking past the 1,125 resistance mark yesterday,” it said.
OSK Research analyst Shin Kao Jack said local bourse has gone up by at least 10 points daily for five consecutive trading days.
He expects there is still a great possibility that the market will take a breather this week.
“From the current level, an immediate resistance lies at the 1,165-point level followed by the 1,187-point level,” he said, noting that immediate support is seen at the 1,135-point level, followed by the 1,120 points and 1,108 points.
On regional, Asian stocks advanced in the morning trade following news on CIT Group Inc obtained a loan to allow the company to avoid bankruptcy and Goldman Sachs Group Inc raised its estimates for the US Standard & Poor’s 500 Index on improving earnings.
At 9.45am, the FBM KLCI down 0.14% to 1,137.66 while Singapore’s Straits Times Index dropped 0.01% to 2,455.96.
Tokyo’s Nikkei 225 gained 1.45% to 9,531.75. Shanghai’s A share index rose 0.19% to 3,273.23.
Hong Kong’s Hang Seng Index climbed 3.70% to 19,502.37 and Seoul’s Kospi Index added 0.84 to 1,490.95.
At Bursa Malaysia, 122 counters rose, 167 counters fell while 205 others were traded unchanged. There were 202.76 million shares done with a total value of RM230.14 million.
Among gainers, Tanjong up 20 sen to RM14.40, MPI and Superlon added 10 sen each to RM5.55 and 50 sen respectively.
Property counters, Landmarks was up 7 sen to RM1.38, Berjaya Land advanced 6 sen to RM3.80 and UEM Land rose 1 sen to RM1.66.
Plantation stocks, Kulim added 10 sen to RM7.15, Sime gained 10 sen to RM7.65, Astral Asia rose 7 sen to RM1.03 and TSH Resources was 6 sen higher at RM1.70.
Among losers, Nestle fell 25 sen to RM31.50, BCHB dropped 15 sen to RM9.95, Astro was 12 sen lower at RM3.30, DIGI down 10 sen to RM22.20 and Public Bank lost 10 sen to RM10.20.
Nymex crude oil rose 32 cents to US$64.30 per barrel.
Spot gold climbed 84 cents to US$947.85 per ounce.
The ringgit was quoted at 3.544 to the US dollar.
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