Source: THE STAR ONLINE
KUALA LUMPUR: Local stocks closed higher on Monday, with rubber glove makers posting handsome double digit gains as investors bet that companies like Supermax Corp, Adventa and Rubberex Corp would profit from increased demand and higher prices.
The FBM KLCI closed 3.12 points higher, or 0.28% at 1,188 points - a new high for the year. Total market turnover was 870 million shares worth an estimated RM1.286bil.
Rising stocks outnumbered decliners by a comfortable margin of 416 versus 262, while 218 counters were unchanged. The broader FBM Emas index rose 0.38% to 8,051 points and the FBM Small Cap index jumped 1.3% to 10,201 points.
Commodity related stocks hogged the limelight.
Shares in Supermax jumped 30 sen, or 11% to RM3.03, while Adventa rose 38 sen, or 22% to RM2.11 and Rubberex added 27 sen, or 16% to RM2.00.
Big plantations stocks, however, failed to ride on the bullish industry data that propelled crude palm oil futures contracts on Bursa Derivatives by as much as 3.4% to new two-month highs.
Sime Darby added 2 sen to RM8.28, IOI Corp advanced 1 sen to RM5.14 and KL-Kepong climbed 6 sen to RM12.70.
The Malaysian Palm Oil Board said on Monday that the edible oil stockpile in the country dropped 5.7% in July to 1.3 million tonnes from the previous month, as export surged faster than production.
Most Asian bourses ended higher on Monday, but European equities were down in early trade after four weeks of straight gains.
Showing posts with label KLCI. Show all posts
Showing posts with label KLCI. Show all posts
Monday, August 10, 2009
Friday, July 17, 2009
BURSA MALAYSIA: KL Shares End Firmer On Positive Sentiment
Sources: Bernama.com.my 16th July 2009KUALA LUMPUR, July 16 (Bernama) -- Share prices on Bursa Malaysia ended firmer Thursday with the key index up 1.06 percent, spurred on by the strong performance of major regional bourses and a better-than-expected Chinese economy.
The benchmark FTSE Bursa Malaysia KLCI went up 11.64 points to close at 1,108.88 after trading at an intra-day high of 1,120.41. It had opened unchanged at 1,097.24.
The market saw heavy trading interest in lower liners and penny stocks which pushed the day's volume above 1.0 billion units.However, overall gains were limited as investors were seen locking in some profits.
The Finance Index climbed 69.87 points to 9,012.62, the Industrial Index went up 26.29 points to 2,423.31 and the Plantation Index advanced 23.14 points to 5,379.88.
The FBMEmas Index gained 75.58 points to 7,483.69, the FBM Top 100 firmed up 80.98 points to 7,280.29 and the FBM2BRD Index increased 40.72 points to 4,855.14.
The FBMMesdaq Index, was however, down 46.25 points at 4,030.12.
Advancers led decliners by 398 to 304 while 229 counters were unchanged, 326 untraded and 57 others suspended.
Overall trading volume stood at 1.666 billion shares worth RM2.139 billion, up from the 1.365 billion shares worth RM2.139 billion yesterday.
"The better than expected China's second quarter gross domestic product which expanded 7.9 percent, has helped to shore up investor sentiment,"a dealer said.
He added that the market action marks the end of correction and is ready to embark on a new turnaround.
Topping the actives, KNM Group edged up 1.5 sen to 85 sen while SAAG Consolidated eased half sen to 29 sen and Axiata Group advanced 15 sen to RM2.85.
Jaks Resources rose four sen to 90.5 sen and Talam was unchanged at 9.5 sen.
Among the heavyweights, PPB Group gained 50 sen to RM12.50, Malaysian Pacific Industries rose 20 sen to RM5.35 and AMMB Holdings rose 14 sen to RM3.80.
The Main Board volume went up to 1.398 billion shares worth RM2.076 billion compared with Wednesday's closing of 1.141 billion shares worth RM1.729 billion.
Turnover on the Second Board also increased to 95.502 million shares worth RM35.648 million from the 83.383 million shares worth RM35.725 million previously.
The Mesdaq volume rose slightly to 96.420 million shares worth RM13.654 million from 93.927 million shares worth RM14.511 million yesterday.
Warrants went up to 72.538 million shares worth RM11.887 million from 42.151 million shares worth RM6.507 million.
On a sectoral basis, consumer products accounted for 50.635 million shares traded on the Main Board, industrial products 303.357 million, construction 145.296 million, trade/services 472.862 million, technology 14.219 million, infrastructure 24.103 million, finance 92.461 million, hotels 8.129 million, properties 251.448 million, plantations 32.093 million, mining 87,000, REITs 3.054 million and closed/fund 88,000.
The benchmark FTSE Bursa Malaysia KLCI went up 11.64 points to close at 1,108.88 after trading at an intra-day high of 1,120.41. It had opened unchanged at 1,097.24.
The market saw heavy trading interest in lower liners and penny stocks which pushed the day's volume above 1.0 billion units.However, overall gains were limited as investors were seen locking in some profits.
The Finance Index climbed 69.87 points to 9,012.62, the Industrial Index went up 26.29 points to 2,423.31 and the Plantation Index advanced 23.14 points to 5,379.88.
The FBMEmas Index gained 75.58 points to 7,483.69, the FBM Top 100 firmed up 80.98 points to 7,280.29 and the FBM2BRD Index increased 40.72 points to 4,855.14.
The FBMMesdaq Index, was however, down 46.25 points at 4,030.12.
Advancers led decliners by 398 to 304 while 229 counters were unchanged, 326 untraded and 57 others suspended.
Overall trading volume stood at 1.666 billion shares worth RM2.139 billion, up from the 1.365 billion shares worth RM2.139 billion yesterday.
"The better than expected China's second quarter gross domestic product which expanded 7.9 percent, has helped to shore up investor sentiment,"a dealer said.
He added that the market action marks the end of correction and is ready to embark on a new turnaround.
Topping the actives, KNM Group edged up 1.5 sen to 85 sen while SAAG Consolidated eased half sen to 29 sen and Axiata Group advanced 15 sen to RM2.85.
Jaks Resources rose four sen to 90.5 sen and Talam was unchanged at 9.5 sen.
Among the heavyweights, PPB Group gained 50 sen to RM12.50, Malaysian Pacific Industries rose 20 sen to RM5.35 and AMMB Holdings rose 14 sen to RM3.80.
The Main Board volume went up to 1.398 billion shares worth RM2.076 billion compared with Wednesday's closing of 1.141 billion shares worth RM1.729 billion.
Turnover on the Second Board also increased to 95.502 million shares worth RM35.648 million from the 83.383 million shares worth RM35.725 million previously.
The Mesdaq volume rose slightly to 96.420 million shares worth RM13.654 million from 93.927 million shares worth RM14.511 million yesterday.
Warrants went up to 72.538 million shares worth RM11.887 million from 42.151 million shares worth RM6.507 million.
On a sectoral basis, consumer products accounted for 50.635 million shares traded on the Main Board, industrial products 303.357 million, construction 145.296 million, trade/services 472.862 million, technology 14.219 million, infrastructure 24.103 million, finance 92.461 million, hotels 8.129 million, properties 251.448 million, plantations 32.093 million, mining 87,000, REITs 3.054 million and closed/fund 88,000.
Wednesday, July 15, 2009
KLCI rises to new high
Sources: The Star Online
KUALA LUMPUR: The FTSE Bursa Malaysia Kuala Lumpur Composite Index (KLCI) reached an intra-day high of 1104.87 points buoyed by buying interest in banking and blue chips stocks.
Analysts said the benchmark index continued to thread higher as both market sentiments and economic outlook stay bearish.
“The rising stock prices across Asia lifted sentiment on the local bourse,” an analyst said. He added that positive news flow from overseas provided fresh impetus for the market.
At 5pm, the benchmark index closed 17.61 points higher to 1097.24.
On Bursa Malaysia, gainers outnumbered losers, with 574 stocks going down, 120 gainers and 151 counters remained unchanged. Some 1.36 billion shares valued at RM1.78bil exchanged hands on the local bourse.
Malayan Banking Bhd, which topped the gainers’ list, jumped 25 sen to RM5.90. Bursa Malaysia Bhd and Public Bank Bhd rose 25 sen each to RM7.25 and RM9.95 respectively.
Among other counters, PPB Oil Palms Bhd and Bumiputra-Commerce Holdings Bhd put on 20 sen RM12 and RM9.70 respectively.
Regional markets also gave a favourable performance. The Hang Seng Index was up 2.09% at18,258.66, the Straits Times Index rose 71.56 points to 2,382.11 points, the Nikkei 225 increased 7.44 points to 9,26925 points and the Jakarta Composite Index advanced 66.70 points to 2,123.28 points.
Meanwhile, crude oil advanced 82 cents to US$60.34 while crude palm oil futures rose RM71 to RM2,107
KUALA LUMPUR: The FTSE Bursa Malaysia Kuala Lumpur Composite Index (KLCI) reached an intra-day high of 1104.87 points buoyed by buying interest in banking and blue chips stocks.
Analysts said the benchmark index continued to thread higher as both market sentiments and economic outlook stay bearish.
“The rising stock prices across Asia lifted sentiment on the local bourse,” an analyst said. He added that positive news flow from overseas provided fresh impetus for the market.
At 5pm, the benchmark index closed 17.61 points higher to 1097.24.
On Bursa Malaysia, gainers outnumbered losers, with 574 stocks going down, 120 gainers and 151 counters remained unchanged. Some 1.36 billion shares valued at RM1.78bil exchanged hands on the local bourse.
Malayan Banking Bhd, which topped the gainers’ list, jumped 25 sen to RM5.90. Bursa Malaysia Bhd and Public Bank Bhd rose 25 sen each to RM7.25 and RM9.95 respectively.
Among other counters, PPB Oil Palms Bhd and Bumiputra-Commerce Holdings Bhd put on 20 sen RM12 and RM9.70 respectively.
Regional markets also gave a favourable performance. The Hang Seng Index was up 2.09% at18,258.66, the Straits Times Index rose 71.56 points to 2,382.11 points, the Nikkei 225 increased 7.44 points to 9,26925 points and the Jakarta Composite Index advanced 66.70 points to 2,123.28 points.
Meanwhile, crude oil advanced 82 cents to US$60.34 while crude palm oil futures rose RM71 to RM2,107
KLCI continues its uptrend
Sources: Star Online Business
KUALA LUMPUR: Share prices on Bursa Malaysia closed higher at the midday break on continued buying interest in blue chips counters and lower liners.
At 12.30pm the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) rose 10.52 points to 1,090.15.
Turnover was 619 million shares valued at RM648.2mil. There were 398 gainers, 137 losers and 156 stocks unchanged.
Analysts said investors’ continued bargain-hunting activities especially on index-linked counters helped pushed the benchmark index above the 1,090 level.
A stronger regional performance and overnight gains on Wall Street and Dow Jones have also boosted market sentiments. Banking counters Bumiputra-Commerce Holdings Bhd (BCHB) and Public Bank Bhd led the gainers. Shares in BCHB rose 20 sen to RM9.70 while Public Bank closed 15 sen higher at RM9.85.
PPB Oil Palms Bhd was 20 sen higher at RM12, Sime Darby Bhd rose 10 sen to RM7.30 while IOI Corp Bhd was 4 sen higher at RM4.66.
Among the bigger losers were Ewein Bhd, LPI Capital Bhd and the warrant of Tanjong Offshore Bhd, while the most actively traded counter was KNM Group Bhd.
Elsewhere in the region, the Singapore Straits Times Index added 37.40 points to 2,347.95 while Hong Kong’s Hang Seng Index gained 285.25 to 18,170.98 points.
The Jakarta Composite Index advanced 32.06 points to 2,088.64 and Shanghai’s Composite Index 0.94% up at 3,174.70 points.
However, Japan’s Nikkei 225 fell 5.81 points to 9256 points.
On the commodity markets, crude oil advanced 71 cents to US$60.23 while crude palm oil futures rose RM60 to RM2,096.
KUALA LUMPUR: Share prices on Bursa Malaysia closed higher at the midday break on continued buying interest in blue chips counters and lower liners.
At 12.30pm the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) rose 10.52 points to 1,090.15.
Turnover was 619 million shares valued at RM648.2mil. There were 398 gainers, 137 losers and 156 stocks unchanged.
Analysts said investors’ continued bargain-hunting activities especially on index-linked counters helped pushed the benchmark index above the 1,090 level.
A stronger regional performance and overnight gains on Wall Street and Dow Jones have also boosted market sentiments. Banking counters Bumiputra-Commerce Holdings Bhd (BCHB) and Public Bank Bhd led the gainers. Shares in BCHB rose 20 sen to RM9.70 while Public Bank closed 15 sen higher at RM9.85.
PPB Oil Palms Bhd was 20 sen higher at RM12, Sime Darby Bhd rose 10 sen to RM7.30 while IOI Corp Bhd was 4 sen higher at RM4.66.
Among the bigger losers were Ewein Bhd, LPI Capital Bhd and the warrant of Tanjong Offshore Bhd, while the most actively traded counter was KNM Group Bhd.
Elsewhere in the region, the Singapore Straits Times Index added 37.40 points to 2,347.95 while Hong Kong’s Hang Seng Index gained 285.25 to 18,170.98 points.
The Jakarta Composite Index advanced 32.06 points to 2,088.64 and Shanghai’s Composite Index 0.94% up at 3,174.70 points.
However, Japan’s Nikkei 225 fell 5.81 points to 9256 points.
On the commodity markets, crude oil advanced 71 cents to US$60.23 while crude palm oil futures rose RM60 to RM2,096.
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