KLCI falls 25.72 points in April

KUALA LUMPUR (April 30): The FBM KLCI closed higher on Monday but fell some 25.72 points in April, as investor sentiment took a beating given rising external and domestic uncertainties.

The FBM KLCI rose 2.81 points to close at 1,570.61 on Monday.

Gainers trailed losers by 297 to 388, while 318 counters traded unchanged. Volume was 945.42 million shares valued at RM1.38 billion.

Asian shares were mixed on Monday as weaker-than-expected U.S. growth data left open the possibility for more monetary stimulus from the Federal Reserve, but trading was subdued with Japanese and Chinese markets closed, according to Reuters.

At the regional markets, Hong Kong’s Hang Seng Index rose 1.7% to 21,094.21, South Korea added 0.34% to 1,981.99, Taiwan’s Taiex was up 0.28% to 7,601.72 while Singapore’s Straits Times Index shed 0.26% to 2,973.91.

ON Bursa Malaysia, BAT was the top gainer and rose 74 sen to RM55.54, Aeon Credit added 64 sen to RM10.70, Shell rose 36 sen to RM10.28, Petronas Dagangan 30 sen to RM19.36, Nestle and Panasonic gained 20 sen each to RM55.30 and RM22.70, OSK 15 sen to RM1.71, Tradewinds and Knusford added 14 sen each to RM9.78 and RM1.94, while Toyo Ink gained 12 sen to RM1.53.

Ariantec was the most actively traded counter with 399.1 million shares done. The stock fell one sen to 24.5 sen.

Other actives included Utopia, Metronic, CSL, Astral Supreme, Focus, DRB-Hicom, Bumi Armada and BIMB warrants.

Decliners on Monday included SAM Engineering, Dutch Lady, Petronas Gas, MMHE, Kluang, Dayang Enterprise, Subur Tiasa. UAC and Bumi Armada.



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KLCI up at mid-day break, moves above 1,570-level

KUALA LUMPUR (April 30): The FBM KLCI brushed off the concerns arising from last weekend’s Bersih 3.0 rally that turned ugly and inched higher on Monday, in line with the gains at most regional markets, lifted by select blue chips in early trade.

The FBM KLCI was up 4.01 points to 1,571.81 at the mid-day break.

Gainers trailed losers by 229 to 285, while 299 counters traded unchanged. Volume was 398.95 million shares valued at RM422 million.

Asian shares rose on Monday as weaker-than-expected U.S. growth data left open the possibility for more monetary stimulus from the Federal Reserve, but trading was subdued with Japanese and Chinese markets closed, according to Reuters.

At the regional markets, Hong Kong’s Hang Seng Index rose 1.12% to 20,974.40, south Korea’s added 0.14% to 1,978.20, while Singapore’s Straits Times Index fell 0.20% to 2,975.62 and Taiwan’s Taiex shed 0.09% to 7,473.49.

MIDF Research in its weekly fund flow analysis said Malaysian stocks continued to attract foreign money last week.

It said foreign investors bought on net basis, Malaysian-listed shares amounted to RM356.1 million compared with RM408.8 million the week before. Foreign investors have now been net buyers of Malaysian stocks for 11 consecutive weeks now.

“We cross over to May this week.

“The adage “Sell in May and go away” is certainly not uncorroborated — the KLCI had recorded negative return for the month in six out of the last 10 years, averaging -3.2%. We therefore begin the month with a historical obstacle to surmount,” it said on Monday.

On Bursa Malaysia, Petronas Dagangan was the top gainer and added 24 sen to RM19.30, Aeon Credit and Nestle gained 20 sen each to RM10.26 and RM55.30, Tasek and Takaful was up 15 sen each to RM8.70 and RM4, Tradewinds PLANTATION []s up 14 sen to RM5.84, Toyo Ink and Carlsberg added 12 sen each to RM1.53 and RM11.60.

Meanwhile, RHB Capital and OSK Holdings rose on gaining the ministry of finance nod for a merger. RHB Capital rose 11 sen to RM7.36 whiel OSK was up 13 sen to RM1.69.

Ariantec was the most actively traded counter with 201.62 million shares done. The stock fell half a sen to 25 sen.

Other actives included Utopia, DRB-Hicom, CSL, Focus, Daya Materials, Bumi Armada and YTL Corp.

Decliners at mid-day included Dutch Lady, Jaya Tiasa, PacificMas, UAC, Amway, Bumi Armada and MMHE.



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KLCI finishes in red on pre-election sentiment

KUALA LUMPUR (April 27) : The FBM KLCI stayed in the red till the market closed on Friday as pre-election sentiment gets an upper hand in dictating the direction of local equities. This comes ahead of the much-anticipated Bersih 3.0 rally on Saturday.

The less-optimistic sentiment across the local bourse was despite a stronger overnight close across US markets as global investors responded positively to improving US real estate and corporate earnings updates.

At 5pm, the FBM KLCI fell 11.89 points to close at 1,567.8. Across the exchange, 1.3 billion shares worth RM1.4 billion were traded, leading to 286 gainers versus 409 decliners.

Among top gainers, NCB HOLDINGS BHD [] was up 49 sen to RM4.39, while MALAYAN BANKING BHD [] added 12 sen to RM8.64.

Decliners include NESTLE (M) BHD [] which fell 80 sen to RM55.10 while BRITISH AMERICAN TOBACCO (M) [] Bhd was down 70 sen to RM54.80.

Most active was Ariantec Global Bhd which gained two sen to 25.5 sen with some 300 million shares done.



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KLCI in red till noon, focus on general election concerns

KUALA LUMPUR (April 27) : The FBM KLCI stayed in the red till lunch break on Friday as the local market takes the cue from domestic concerns ahead of the coming general election. Crucial highlights include the much-anticipated Bersih 3.0 rally on Saturday.

The less-optimistic sentiment across the local bourse was despite a stronger overnight close across US markets as global investors responded positively to improving US real estate and corporate earnings updates.

At 12.30pm, the FBM KLCI fell 8.01 points to 1,571.68.Across the exchange, some 759 million shares worth RM543 million were traded, leading to 216 gainers versus 356 decliners.

Top gainers NCB HOLDINGS BHD [] was up 46 sen to RM4.36 while COUNTRY VIEW BHD [] added 19 sen to 85 sen.

Among decliners, Sam Engineering & Equipment Bhd fell 37 sen to RM3 while United PLANTATION []s Bhd was down 24 sen to RM25.70.

Most active was Ariantec Global Bhd which gained 1.5 sen to 25 sen with some 267 million shares done.

Across Asia, Japan’s Nikkei 225 rose 0.12% to 9,573.64, Australia’s S&P/ASX 200 fell 0.05% to 4,373.2, while South Korea’s Kospi was up 0.48% to 1,973.55.



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Malaysian stocks weighed down by pre-election sentiment

KUALA LUMPUR (April 27) : Malaysian stocks traded in negative territory on Friday morning as domestic pre-election sentiment gains an upper hand in dictating the direction of the FBM KLCI.

The local market may take the cue from domestic concerns ahead of the coming general election as investors assess the impact of the much-anticipated Bersih 3.0 rally on Saturday. Analysts said while US equities registered a stronger close in overnight trade, Asian stock markets could trade in an opposite direction on Friday.

“This is because sentiment will likely be affected by the negative vibes arising from S&P’s downgrade of Spain’s sovereign credit rating yesterday.

“Reflecting investors’ adverse reaction, the DJIA June futures contract tumbled this morning to hover at a 91-point discount to the spot rate,” HwangDBS Vickers Research Sdn Bhd wrote in a note.

At 9.59am, the FBM KLCI fell 9.28 points to 1,570.41. Across the exchange, some 455 million shares worth RM195 million were traded, leading to 163 gainers versus 208 decliners.

Top gainers NCB HOLDINGS BHD [] was up 45 sen to RM4.35 while PARKSON HOLDINGS BHD [] gained seven sen to RM5.29.

Among decliners, BRITISH AMERICAN TOBACCO (M) [] Bhd lost 76 sen to RM54.74, while Bumi Armada Bhd fell 18 sen to RM4.04.

Among actively-traded stocks, Ariantec Global Bhd gained two sen to RM25.5 sen with some 222 million shares done.

Across Asia, Japan’s Nikkei 225 rose 0.15% to 9,575.82, Australia’s S&P/ASX 200 climbed 0.08% to 4,378.8, while South Korea’s Kospi was up 0.78% to 1,979.43.



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KLCI gains on US policy, corporate updates

KUALA LUMPUR (April 26) : Malaysian shares erased gains, albeit, still in positive territory in tandem with gains across Asian bourses on Thursday morning. This follows a stronger overnight close across US equities.

Global markets found support from US lawmakers’ commitment to maintain accommodative policies to sustain growth, besides improving corporate earnings from the world’s largest economy.

At 10am, the FBM KLCI added 1.31 points to 1,580.66. Across the exchange, some 343 million shares worth RM160 million were traded, leading to 167 gainers versus 182 decliners.

Top gainers Panasonic Manufacturing Malaysia Bhd was up 40 sen to RM23 while DUTCH LADY MILK INDUSTRIES BHD [] gained 24 sen to RM33.94.

Among decliners, KUALA LUMPUR KEPONG BHD [] fell 14 sen to RM23.68 while SEG INTERNATIONAL BHD [] was down eight sen to RM1.73.

Among actively-traded stocks, Ariantec Global Bhd fell 1.5 sen to RM24.5 sen with some 21 million shares done.



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KLCI closes lower, but pares down loses

KUALA LUMPUR (April 24): The FBM KLCI closed lower on Tuesday, but pared down it losses to move above the 1,580-point mark in line with the slight recovery at most key regional and European markets.

European share markets and the single currency staged modest recoveries on Tuesday, after steep losses caused by the worsening performance of the euro zone economy and a sharp rise in concern over the political will to fix its fiscal problems, according to Reuters.

The FBM KLCI fell 1.52 points to close at RM1,582.28. The index had earlier fallen to its intra-day low of 1,579.04.

Market breadth remained weak with 409 losers, 273 gainers and 348 counters trading unchanged. Volume was 1.42 billion shares valued at RM1.55 billion.

At the regional markets, Hong Kong’s hang Seng Index gained 0.26% to 20,677.16, Taiwan’s Taiex added 0.24% to 7,498.84, the Shanghai Composite Index edged up 0.01% to 2,388.83 and Singapore’s Straits Times Index

Meanwhile, South Korea’s Kospi fell 0.47% to 1,963.42 and Japan’s Nikkei 225 shed 0.78% to 9,468.04.

Among the decliners on Bursa Malaysia, Petronas dagangan fell 26 sen to RM19.28, Jaya Tiasa down 22 sen to RM9.54, Carlsberg 20 sen to RM11.30, SAM Engineering 17 sen to RM3.38, APM Automotive down 14 sen to RM4.50, Tradewinds 13 sen to RM9.52, S P Setia 11 sen to RM3.73, while Subur Tiasa and Ta Ann lost 10 sen each to RM2.85 and RM6.50.

Ariantec was the most actively trade counter with 142.38 million shares done. The stock gained one sen to 25 sen.

Other actives included Ingenuity Solutions, Metronic, Focus, CSL, Ramunia, TMS, JCY and Astral Supreme.

Gainers included Aeon Credit, Top Glove, CSL, Panasonic, MMC Corp, Three-A Resources, Quality Concrete, UMW and JCY.



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KLCI in volatile trade on global weakness, local pre-election sentiment

KUALA LUMPUR (April 20) : Malaysian stocks exhibited volatility on the first trading day of the week as the stock benchmark erased gains and sank into the red on Monday morning.

Analysts said global economic data and Malaysia’s pre-election sentiment could curb gains across the FBM KLCI. Crucial global highlights this week include potential indications of further quantitative easing by US policymakers, and China’s monetary policy, results from which, will influence the direction of global financial markets.

“Downside pressure remains for the FBM KLCI,” TA Securities Holdings Bhd wrote in a note.

“Against the backdrop of mixed economic data, it remains to be seen whether the Federal Reserve will provide any clue on a third quantitative easing when the policy makers start a two-day meeting tomorrow. Signs of another round of liquidity injection will drive up equity markets and the opposite could trigger some profit-taking pressure,” TA added.

At 9.59am, the FBM KLCI fell 9.24 points to 1,582.61. Across the exchange, some 424 million shares worth RM208 million were traded, leading to 160 gainers versus 263 decliners.

Top gainers DUTCH LADY MILK INDUSTRIES BHD [] added 38 sen to RM35.26 while Panasonic Manufacturing Malaysia Bhd was up 30 sen to RM22.30.

Among decliners, BRITISH AMERICAN TOBACCO (M) [] Bhd fell 76 sen to RM55.72 while KUALA LUMPUR KEPONG BHD [] was down 22 sen to RM23.90.

Most active was Ariantec Global Bhd which rose one sen to 23 sen with some 13 million shares done.

Among Asian bourses, Japan’s Nikkei 225 rose 0.2% to 9,580.16 points, South Korea’s Kospi was down 0.32% to 1,968.34, while Australia’s S&P/ ASX 200 declined 0.33% to 4,352.2.



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KLCI ends lower, but hangs on above 1,590-level

KUALA LUMPUR (April 20): The FBM KLCI extended its losses to close lower on Friday, as external factors weighed on investor sentiment and dragged stocks lower.

The index fell 4.77 points to close at 1,591.85, weighed by losses including at Petronas Chemicals, Genting, RHB Capital and CIMB.

Market breadth was negative with 364 losers, 317 gainers and 361 counters unchanged. Volume was 1.63 billion shares valued at RM1.48 billion.

Meanwhile, Asian shares fell and commodity-linked currencies such as the Australian dollar slipped on Friday after disappointing U.S. economic data stirred doubts about the strength of the recovery, according to Reuters.

Renewed worries on the euro zone debt crisis also kept riskier assets under pressure, as a better-than-feared Spanish bond auction failed to allay concerns that Spain may follow Greece, Ireland and Portugal in needing an international bailout, it said.

A weekend featuring a potentially rocky meeting of the International Monetary Fund, which is seeking to boost its funds to help contain Europe's problems, and the first round of a French presidential election have heightened the nervousness, said Reuters.

At the regional markets, Japan’s Nikkei 225 was down 0.28% to 9,561.23, Taiwan’s taiex lost 1.52% to 7,507.15, South Korea’s Kospi fell 1.26% to 1,974.65 and Singapore’s Straits Times Index xx

Meanwhile, the Shanghai Composite Index rose 1.19% to 2,406.86 and Hong Kong’s Hang Seng Index edged up 0.07% to 21,010.64.

On Bursa Malaysia, Aeon fell 19 sen to RM9.41, Manulife and Petronas Chemicals fell 14 sen each to RM3.22 and RM6.56, MISC down 13 sen to RM5.03, Genting and Bursa fell 12 sen each to RM10.80 and RM6.85, while SAM Engineering, Litrak, Lafarge Malayan Cement and Kian Joo fell 10 sen each to RM3.55, RM4, RM7.21 and RM2.04 respectively.

Ariantec was the most actievely traded counter with 436.8 million shares done. The stock rose 4.5 sen to 22 sen.

Other actives included Metronic, Focus, Naim indah Corp, CSL, Astral Supreme, AWC and SuperComNet.

Gainers included BAT, Dutch Lady, Aeon Credit, KLK, Jaya Tiasa, Panasonic, Country View, Carlsberg, CBIP and GAB.



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KLCI stays below 1,600-level at mid-day break, global woes weigh

KUALA LUMPUR (April 20); The FBM KLCI stayed in negative territory at the mid-day break on Friday in line with generally weaker performance at regional markets.

The FBM KLCI was down a marginal 1.14 points to 1,595.48 at 12.30pm, weighed by losses including at Genting and RHB Capital and CIMB.

Gainers trailed losers by 242 to 313, while 322 counters traded unchanged. Volume was 950.42 million shares valued at RM600.85 million.

The ringgit weakened 0.12% to 3.0693 versus the greenback, crude palm oil futures for the third month delivery fell RM16 per tonne to RM3,461, crude oil gaind 34 cents per barrel to US$102.61 while gold added US$1 an ounce to US$1,643.93.

Asian shares fell and commodity-linked currencies such as the Australian dollar slipped on Friday after disappointing U.S. economic data stirred doubts about the strength of the recovery, according to Reuters.

Renewed worries on the euro zone debt crisis also kept riskier assets under pressure, as a better-than-feared Spanish bond auction failed to allay concerns that Spain may follow Greece, Ireland and Portugal in needing an international bailout, it said.

At the regional markets, Japan’s Nikkei 225 fell 0.35% to 9,555.17, Hong Kong’s Hang Seng Index was down 0.24% to 0.24% to 20,944.10, the Shanghai Composite Index shed 0.60% to 2,392.92, Taiwan’s Taiex fell 1.12% to 7,537.58, South Korea’s Kospi lost 1.25% to 1,974.93 and Singapore’s Straits Times Index was down 0.20% to 3,002.14.

On Bursa Malaysia, Manulife was the top loser in the morning session and fell 14 sen to RM3.22, Batu Kawan and genting fell 10 sen each to RM18.80 and RM10.82, RHB Capital fell nine sen to RM7.43, Mentiga 7.5 sen to 68.5 sen, while SAM Engineering, Pintaras, S P Setia, Guan Chong and CIMB fell seven each to RM3.58, RM2.96, RM3.81, RM2.85 and RM7.56 respectively.

Ariantec was the most actively traded counter with 325.08 million shares traded. The stosk rose six sen to 23.5 sen.

Other actives included Metronic, Focus, CSL, SuperComNet, Astral Supreme, AWC and Utopia.

Gainers included BAT, Aeon Credit, KLK, Panasonic, Country View, Jaya Tiasa, Dutch Lady, Far East, Ta Ann and CBIP.



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Malaysian stocks ease on global weakness

KUALA LUMPUR (April 20) : Malaysians stocks fell on Friday morning in tandem with regional peers following a weaker overnight close across US markets. Global markets had reacted negatively to less-optimistic employment updates in the US, and rising yields for Spain government bonds.

Analysts said external factors could have the upper hand in dictating the FBM KLCI, prompting the anticipation of a further decline in the 30-stock benchmark.

“External headwinds will probably persist to push down our Malaysian bourse today,” HwangDBS Vickers Research Sdn Bhd wrote in note.

At 10am, the FBM KLCI fell 2.52 points to 1,594.1. Across the exchange, some 257 million shares worth RM148 million were traded, leading to 163 gainers versus 167 decliners.

Top gainers KUALA LUMPUR KEPONG BHD [] added 36 sen to RM24.16, while JAYA TIASA HOLDINGS BHD [] was up 32 sen to RM10.

Among decliners, GENTING BHD [] fell 12 sen to RM10.80 while HONG LEONG INDUSTRIES BHD [] was down 10 sen to RM4.12.

Most active was Ariantec Global Bhd which rose 1.5 sen to 19 sen with some 42 million shares done.

Among Asian bourses, Japan’s Nikkei 225 fell 0.44% to 9,545.96 points, South Korea’s Kospi was down 1.25% to 1,974.93, while Australia’s S&P/ ASX 200 declined 0.17% to 4,355.4.



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KLCI closes lower as investors remain jittery

KUALA LUMPUR (April 19): The FBM KLCI closed lower on Thursday, in line with the mixed sentiment at regional bourses underpinned by concerns of the Euro zone sovereign debt crisis.

Markets have grown jittery about the euro zone's capacity to prevent Spain's fiscal woes in particular from spreading to other vulnerable peripheral euro zone economies, despite massive liquidity injections by the European Central Bank, according to Reuters.

The FBM KLCI shed 2.24 points on Thursday to close at 1,596.62.

Market breadth turned negative with 429 losers, 281 gainers and 350 counters trading unchanged. Volume was 1.71 billion shares valued at RM1.56 billion.

At the regional markets, Japan’s Nikkei 225 fell 0.82% to 9.588.38, South Korea’s Kospi down 0.23% to 1,999.86 and the Shanghai Composite Index shed 0.09% to 2,378.63.

Meanwhile, Taiwan’s Taiex gained 0.23% to 7,622.69.

On Bursa Malaysia, Dutch Lady fell 60 sen to RM34.38, KLK down 40 sen to RM23.80, BAT shed 20 sen to RM55, Country View down 18 sen to 64 sen, CSL 15 sen to RM1.53, SAM Engineering 14 sen to RM3.65, Tradewinds and KESM down 13 sen each to RM9.69 and RM2.05, while Subur Tiasa lost 10 sen to RM2.98.

Ariantec was the most actively traded couter with 266.8 million shares done. The stock fell 1.5 sen to 17.5 sen.

Other actives included Utopia, CSL, Metronic, DBE Gurney, Compugates, Managed Pay, Iris Corp and Astral Supreme.

Gainers on Thursday included Pintaras, F&N, GAB, Metal Reclamation, Tan Chong, Can-One, Kian Joo, Bintulu Port and Genting.



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KLCI slips into the red at mid-day break

KUALA LUMPUR (April 19): The FBM KLCI gave up some ground to slip into negative territory at the mid-day break on Thursday, in line with the generally tepid sentiment at key regional markets.

Asian shares and the euro traded in tight ranges on Thursday ahead of a Spanish bond sale seen as a key test of investors' risk appetite amid renewed concerns over the euro zone's debt crisis, according to Reuters.

Meanwhile, U.S. stocks slipped on Wednesday, a day after Wall Street's best gains in a month, as uninspiring earnings from tech bellwethers IBM and Intel gave investors a reason to take profits, according to Reuters

The FBM KLCI fell 2.80 points to 1,596.06 at 12.30pm, weighed by losses at select blue chips including CIMB, KLK, Maybank and Genting.

Losers beat gainers by 358 to 221, while 311 counters traded unchanged. Volume was 1.02 billion shares valued at RM661.94 million.

The ringgit weakened 0.13% to 3.0686 versus the greenback, crude palm oil futures for the third month delivery fell RM30 per tonne to RM3,449, crude oil shed 11 cents per barrel to US$102.56 while gold lost US$4.50 an ounce to US$1,637.60.

At the regional markets, Japan’s Nikkei 225 fell 0.89% to 9,580.90, the Shanghai Composite Index down 0.14% to 2,377.57, Singapore’s Straits Times Index fell 0.08% to 2,998.17, south Korea’s Kospi lost 0.33% to 1,997.92, Taiwan’s Taiex edged down 0.01% to 7,604.367 while Hong Kong’s Hang Seng Index gained 0.36% to 20,856.40.

Among the major losers on Bursa Malaysia, Dutch Lady lost 38 sen to RM34.60, KLK 24 sen to RM23.96, Country View 21 sen to 61 sen, Tradewinds 16 sen to RM9.66, KESM and SAM Engineering down 12 sen each to RM2.06 and RM3.67, CSL 10 sen to RM1.68, Subur Tiasa eight sen to RM3 and Nice seven sen to 31 sen.

Meanwhile, CIMB lost three sen to RM7.64, Maybank and Genting down two sen each to M8.85 and RM10.80, and DiGi was down one sen to RM3.92.

Ariantec was the most actively traded counter with 143.99 million shares done. The stock was unchanged at 19 sen.

Other actives included Utopia, CSL, metronic, DBE Gurney, Compugates, Iris Corp and Astral Supreme.

Gainers included Can-One, Tan Chong, F&N, Pintaras, Jaya Tiasa, Bintulu Port, Aeon Credit, Utusan and GAB.



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Ariantec at 7-year high

KUALA LUMPUR (April 18) : Shares of Ariantec Global Bhd rose to its highest in almost seven years on news that Datuk Raymond Chan Boon Siew has emerged as a substantial shareholder in the information TECHNOLOGY [] firm.

Ariantec, one of the most-actively traded, rose as much as 25% or five sen to 25 sen on Wednesday morning, the highest since May 2005. The stock had traded lower at 22 sen 10.59am with some 195 million shares changing hands.

Updates to the exchange indicate that Chan had acquired 26.5 million shares in the open market on Tuesday. Following the purchase, he has 29 million shares or 5.1% in Ariantec.



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KLCI gains on Spanish bond sale, US corporate earnings

KUALA LUMPUR (April 18) : Malaysian stocks rose on Wednesday morning in tandem with Asian markets on strong demand for Spain government bonds and better US corporate earnings.

Analysts expect the FBM KLCI to register gains on Wednesday following a stronger overnight close across US markets.

“While increased speculation on ACE market and penny stocks lifted trading activity above the two billion shares mark yesterday, the lower traded value implies that the broader market and blue chips are likely to remain in consolidation mode on cautious trade,” TA Securities Holdings Bhd wrote in a note.

At 10.01am, the FBM KLCI added 5.25 points to 1,601.44. Across the exchange, some 519 million shares worth RM227 million were traded, leading to 265 gainers versus 136 decliners.

Top gainers Sam Engineering & Equipment (M) Bhd rose 29 sen to RM3.88 while SUBUR TIASA HOLDINGS BHD [] was up 20 sen to RM3.02.

Decliners SARAWAK OIL PALMS BHD [] fell 11 sen to RM6.77 while PETRONAS DAGANGAN BHD [] was down 10 sen to RM18.68.

Most active was Ariantec Global Bhd which rose two sen to 22 sen with some 157 million shares done.

Among Asian bourses, Japan’s Nikkei 225 climbed 1.64% to 9,619.46 points while Australia’s S&P/ ASX 200 rose 1.38% to 4,347.8. South Korea’s Kospi was up 1.01% to 2,005.43.



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Stocks to Watch Ariantec, V S Industry, Grand-Flo, United Plantations, APM

KUALA LUMPUR (April 17): External factors may continue to have an upper hand in dictating the direction of Malaysian stocks on Wednesday. For now, dynamics of the European sovereign debt market will be closely watched, on concerns that Spain's rising bond yields could threaten the stability of the region's economy.

That, together with the landscape in the US and China, could have an impact on Asian financial markets, as investors evaluate the effects of these major global importers on emerging exporting nations like Malaysia.

The FBM KLCI of 30 stocks fell 1.32 points to close at 1,596.19 on Tuesday.

Stocks to watch Wednesday include Ariantec Global Bhd, V.S INDUSTRY BHD [], GRAND-FLO SOLUTION BHD [], United PLANTATION []s Bhd, and APM AUTOMOTIVE HOLDINGS BHD [].

Bursa Malaysia has queried information TECHNOLOGY [] firm Ariantec on the unusual trading patterns of the stock. It was the most actively traded stocks in the morning session on Tuesday.

V S Industry shares go ex-dividend on Wednesday. The electronic products contract manufacturer plans to pay a second interim single-tier dividend of two sen a share for financial year ending July 31, 2012.

Grand-Flo, an enterprise data collection and collation system solutions provider, plans to reward shareholders with a final dividend of 1.2 sen a share for financial year ended Dec 31, 2011. The firm said that the dividend proposed is in line with its dividend policy, which aims to distribute to its shareholders a minimum of 20% of the group's net profits for each financial year.

United Plantations plans to reward shareholders with a special and final dividend with a combined value of 60 sen a share for financial year ended December 31, 2011. United Plantations said the special portion comprises a 50% gross payment of the stock's par value of RM1 less 25% tax. This translates into 37.5 sen a share. The final dividend of 30% less tax, translates into 22.5 sen.

APM has established a wholly-owned subsidiary, PT APM Auto Components Indonesia, to undertake production and sale of automotive heat exchange products on an industrial lot at Suryacipta Industrial City in Karawang, West Java. It said the Indonesian authorities had approved the deed of establishment of the subsidiary, and that completion of the facility was expected by the end of 2012. Operations would commence in the second quarter of 2013.



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KLCI succumbs to global economic woes

KUALA LUMPUR (APRIL 17): The FBM KLCI succumbed to the mounting concerns over the euro zone sovereign debt crisis that kept most regional markets in negative territory on Tuesday.

The FBM KLCI closed 1.32 points lower at 1,596.19.

Gainers edged losers by 355 to 341, while 351 counters traded unchanged. Volume was 2.08 billion shares valued at RM1.63 billion.

Hong Kong shares fell on Tuesday, dragged lower by large-cap bank and materials shares as nervous investors awaited a bond auction which could see a further jump in Spain's borrowing costs, threatening a new crisis in the euro zone, according to Reuters.

On the mainland, the Shanghai Composite fell 0.94% to 2,334.98, while the CSI300 index was off 1.3 percent, it said.

Elsewhere, Hong Kong’s Hang Seng Index fell 0.23% tyo 20,562.31, Japan’s Nikkei 225 shed 0.06% to 9,464.71, Taiwan’s taiex lost 1.86% to 7,585.87, South Korea’s Kospi down 0.37% to 1,985.30 and Singapore’s Straits Times Index shed 0.18% to 2,986.59.

Among the decliners on Bursa Malaysia, Dutch Lady fell 56 sen to RM34.60, Warisan down 30 sen to RM2.33, Tahps fell 27 sen to RM4.53, BAT lost 22 sen to RM54.46, SMPC 21 sen to RM1.12, MISC 13 sen to RM5.17, while KLuang and Ta Ann fell 12 sen each to RM2.68 and RM6.57.

Ariantec Global was the most actively traded counter with 515.66 million shares done. The stock jumped 8.5 sen to 20 sen. It had earlier been issued an unusual market activity (UMA) query by Bursa Malaysia Securities Bhd to Ariantec Global Bhd over the sharp rise in the price and high volume in the company’s shares recently.

Other actives included Metronic, Focus, Astral Supreme, Ingenuity Solutions, SuperComNet, CSL, Naim Indah Corp and Winsun.

Meanwhile, the gainers on Tuesday included SAM Engineering, Carlsberg, CSL, Subur Tiasa, Y&G, Golsta, Southern Acids, Rapid, Manulife and The Store.



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Bursa queries Ariantec

KUALA LUMPUR (April 17): Bursa Malaysia Securities Bhd has issued an unusual market activity (UMA) query to Ariantec Global Bhd over the sharp rise in the price and high volume in the company’s shares recently. Ariantec was the most actively traded stocks in the morning session on Tuesday on Bursa Malaysia with 315.47 million shares done. The stock rose 5.5 sen to 17 sen.



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HDBSVR: Malaysian market could come under selling pressure

KUALA LUMPUR (March 23): Hwang DBS Vickers Research (HDBSVR) said with Wall Street showing signs of weakness, investors could be tempted to take profit across Asia on Friday.

It said that key US equity indices were down between 0.4% and 0.7% last night following a weaker-than-expected manufacturing growth data in China.

“Our Malaysian bourse will probably come under selling pressures too. Technically speaking, the benchmark FBM KLCI will likely lose ground to dip below the resistance-turned-support level of 1,580 ahead,” said the research house.

HDBSVR said stocks that may be hit on Friday include Metronic Global and Ariantec Global, amid one press report saying that proprietary day traders have been temporarily barred by some stock broking firms from trading in these two counters.

Hoping to get a lift is Lipo Corporation after its major shareholder Kobay TECHNOLOGY [] has proposed to undertake a selective capital reduction and repayment exercise involving a cash offer price of RM1.25 per share.

Separately, Malaysian AE Models has been awarded a sub-contract job worth RM62m at the new low cost carrier terminal in KLIA.



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Quality of buying declines on Bursa

KUALA LUMPUR (March 20): The quality of buying in the morning session on Tuesday declined, with trading interest focused on penny stocks, while the broader market showed some signs of weakness.

Investors were staying on the sidelines, as evidenced by the small gains and cautious regional markets. Most of the most active stocks were penny counters.

At 12.30pm, the FBM KLCI was up 3.48 points to 1,577.08. Turnover was 1.28 billion shares valued at RM676.65 million. Decliners led advancers 382 to 245 while 333 counters were unchanged.

Hong Kong’s Hang Seng Index slipped 0.67% to 20,974.03, Taiwan’s Taiex shed 0.69% to 7,988.42, South Korea’s Kospi 0.26% lower at 2,041.59 but Singapore’s Straits Times Index added 0.58% to 3,006.53. Japan was closed.

At Bursa Malaysia, dealers said retail investors were staying on the sideline while some who had already bought blue chips and mid-cap stocks were awaiting fresh news. They said the retail investors were not ready to rush in.

According to Bursa Malaysia, local retail participation had declined to about 26%, local institutions were at 54.6% and foreigners at about 19.4%.

Focus, which was queried by Bursa Securities over the sharp rise and heavy volume, added 3.5 sen to 23 sen. There were 112.93 million shares done. It warrants, WA added 4.5 sen to 8.5 sen and WB 2.5 sen to 15 sen.

Dutaland-LB added 15 sen to RM1.05, BCorp-LR 15.5 sen to 13 sen. Index-linked stock BAT rose 14 sen to RM52.52, HLFG 10 sen to RM11.98 and PetGas eight sen to RM16.48.

Ta Ann added 12 sen to RM5.87, PIE 11 sen to RM4.88 and IGB seven sen to RM2.87.

Share prices of Metronic Global and its 17%-owned unit Ariantec Global slipped in active trade. Ariantec fell three sen to 10.5 sen and it was the most active with 121.23 million shares done while Metronic eased one sen to 12 sen.

HL Industries was the top loser, down 12 sen to RM4.06, Batu Kawan and United PLANTATION []s shed 10 sen each to RM18.40 and RM25. EPMB extended its decline, down 6.5 sen to 90 sen.



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