Limited gains for KLCI

KUALA LUMPUR (May 10): The FBM KLCI reversed its earlier losses and closed higher on Thursday, but the gains were limited in line with the mixed regional markets still weighed by concerns the global economic outlook.

The FBM KLCI rsoe 3.16 points to close at 1,588.06. It had earlier risen to its intra-day high of 1,590.20.

Gainers edged losers by 376 to 358, while 325 counters traded unchanged. Volume was 1.4 billion shares valued at RM1.39 billion.

Asian shares were mixed, as weak Chinese trade data stoked fears of a growth slowdown, further undermining risk appetites already reduced by worries about the health of Spanish banks and deepening political chaos in Greece, according to Reuters.

At the regional markets, Hong Kong’s Hang Seng Index fell 0.51% to 20,227.28, Japan’s Nikkei 225 lost 0.39% to 9,009.65, South Korea’s Kospi was down 0.27% to 1,944.93

Meanwhile, the Shanghai Composite Index added 0.07% to 2,410.23 and Taiwan’s Taiex gained 0.11% to 7,484.01, and Singapore’s Straits Times Index edged up 0.09% to 2,903.60.

On Bursa Malaysia, United PLANTATION []s was the top gainer and added 56 sen to RM26.50, Petronas Gas up 30 sen to RM17.28, Ajinomoto 27 sen to RM4.50, Southern Acids and Aeon Credit gained 24 sen each to RM2.45 and RM11.10, Tradewinds Plantations 12 sen to RM5.89, Hup Seng and AirAsia 11 sen each to RM2.36 and RM3.65, while KrisAssets added 10 sen to RM7.10.

Focus was the most actively traded counter with 146.46 million shares done. The stock gained 1.5 sen to 16 sen.

Other actives included Utopia, Ariantec, Permaju, Naim indah Corp, ManagePay, Astral Supreme and HWGB.

Decliners included BAT, The Store, Panasonic, Tahps, KLK, Aeon, Lafarge Malayan Cement, Dutch Lady, PPB and KESM.



Get your T+10 interest FREE margin trading account NOW. Attractive brokerage for online trading. Contact Mr Ho at +603-5192 0808 or hoxian@sjsec.com.my for more details.

KLCI pares down gains at mid-day as Asian equities turn negative

KUALA LUMPUR (May 10): The FBM KLCI rebounded at the mid-day break on Thursday but pared down its gains as some regional markets turned negative.

Asian shares fell on Thursday, as a weak Chinese trade data stoked fears of a growth slowdown, further undermining risk appetites already reduced by worries about the health of Spanish banks and deepening political chaos in Greece, according to Reuters.

The FBM KLCI gained 3.51 points to 1,588.41 at the mid-day break, lifted by select blue chips. It had earlier risen to its intra-morning high of 1,590.20.

Losers edged gainers by 332 to 256, while 309 counters traded unchanged. Volume was 722.32 million shares valued at RM493.12 million.

The ringgit strengthened 0.11% to 3.0681 versus the greenback; crude palm oil futures for the third month delivery rose RM25 per tonne to RM3,349, crude oil fell 37 cents per barrel tp US$96.44 while gold rose US$4.18 an ounce to US$1,593.75.

At the regional markets, Japan’s Nikkei 225 fell 0.11% to 9,035.48, Hong Kong’s Hang Seng Index lost 0.93% to 20,141.90, the Shanghai Composite Index shed 0.18% to 2,404.15, Taiwan’s Taiex was down 0.16% to 7,487.42, South Korea’s Kospi down 0.10% to 1,948.35 and Singapore’s Straits Times Index fell 0.20% to 2,895.11.

ON Bursa Malaysia, BAT was the top gainer in the morning session and rose 36 sen to RM54.74, Petronas Gas added 30 sen to RM17.28, United PLANTATION []s and Ajinomoto were up 24 sen each to RM26.18 and RM4.47, Petronas Dagangan 16 sen to RM19.86, KrisAssets 12 sen to RM7.12, whiel Hup Seng, RHB Capital and GAB added 10 sen each to RM2.35, RM7.43 and RM13.64.

Focus was the most actively traded counter with 103.8 million shares done. The stock rose two sen to 16.5 sen.

Other actives included Utopia, Ariantec, ManagePay, Naim indah Corp, Astral Supreme, SuperComNet and Permaju.

Decliners included Tahps, The Store, Tradewinds, Panasonic, Dutch Lady, Ekovest, Shell, PPB, KESM and Fiamma.



Get your T+10 interest FREE margin trading account NOW. Attractive brokerage for online trading. Contact Mr Ho at +603-5192 0808 or hoxian@sjsec.com.my for more details.

Asian markets pare down gains as European euphoria fades

KUALA LUMPUR (Dec 12): Asian markets, including at Bursa Malaysia, retreated in the afternoon session on Monday as the initial euphoria over the European leaders’ summit deal to pursue stricter budget rules and a stronger fiscal union did little to abate fears of a deepening financial crisis in the region.

European shares fell on Monday as euphoria over a European Union deal on deeper economic integration faded, weighed by concerns over politicians' response to the debt crisis in the short-term and the likely impact of austerity measures on growth, according to Reuters.

The FBM KLCI could not sustain its earlier gains and closed 0.48% or 6.97 points higher at 1,467.10. The index had earlier risen to its intra-day high of 1,474.55.

Losers overtook gainers by 362 to 357, while 325 counters traded unchanged. Volume was 1.6 billion shares valued at RM1.13 billion.

At the regional markets, Japan’s Nikkei 225 close 1.36% higher at 8,653.82, South Korea’s Kospi up 1.33% to 1,899.76, Taiwan’s Taiex gained 0.81% to 6,949.04 and Singapore’s Straits Times Index edged up 0.26% to 2,701.72.

Meanwhile, the Shanghai Composite Index fell 1.02% to 2,291.54 and Hong Kong’s Hang Seng Index shed 0.06% to 18,575.66.

On Bursa Malaysia, Nestle was the top gainer and rose RM1.52 to RM55.90; Dutch Lady gained RM1.06 to RM25.98, PPB 30 sen to RM16.60, GAB and Tahps 28 sen each to RM12.28 and RM4.48, Proton 24 sen to RM4.23, while Inno, F&N and Genting rose 20 sen each to RM1.50, RM18 and RM10.82.

Among the decliners, MISC and Lafarge Malayan Cement fell 20 sen each to RM5.60 and RM6.66, Ajinomoto, DKSH and BAT lost 10 sen each to RM3.92, RM1.73 and RM47.20 respectively, Quality Concrete down nine sen to RM1.25, Boxpak eight sen to RM1.72 while Malpac lost seven sen to RM1.33.

The actively traded stocks included Utopia, Proton, Sanichi, Compugates and Flonic.



Get your T+10 interest FREE margin trading account NOW. Attractive brokerage for online trading. Contact Mr Ho at +603-5192 0808 or hoxian@sjsec.com.my for more details.

KLCI falls at mid-morning on external woes

KUALA LUMPUR (Nov 15): The FBM KLCI stayed in negative territory at mid-morning on Tuesday, Nov 15 in line with the weaker regional investor sentiment after the overnight fall at Wall Street and European markets.

Asian shares fell on Tuesday, as a rise in euro zone bond yields reflected lingering doubts about the ability of politicians in Italy and Greece to push through painful reforms to resolve their debt crises and win market confidence, according to Reuters.

Financial market turmoil stemming from the euro zone sovereign debt crisis has taken a clear toll on the region's economy, putting a firm cap on the single currency against the dollar, it said.

The FBM KLCI was down 1.92 points to 1,476.95 at mid-morning.

Losers led gainers by 277 to 177, while 209 counters traded unchanged. Volume was 935.72 million shares valued at RM247.10 million.

At the regional markets, Hong Kong’s Hang Seng Index was down 0.59% to 19,394.00, Japan’s Nikkei 225 lost 0.42% to 8,567.58, South Korea’s Kospi fell 0.49% to 1,893.46, Taiwan’s Taiex declined 0.31% to 7,502.14 and Singapore’s Straits Times Index shed 0.06% to 2,828.36.

Meanwhile, the Shanghai Composite Index edged up 0.08% to 2,530.85.

Maybank Investment Bank Bhd head of retail research and chief chartist Lee Cheng Hooi in a note to clients Nov 15 said that due to the US markets’ weak tone last night, there might be an initial decline for the local index, adding that some later nibbling activities could trim the fall in the afternoon session.

He said the Asian markets would gyrate wildly due to the weak tone for the overnight American markets.

“As such we advise clients to trade with a short-term time frame locally.

“It is unwise to join the recent penny stock activity as these stocks do not have any fundamentals and the companies are loss making. Take profits here swiftly,” he said.

On Bursa Malaysia, Degem was the top loser at mid-morning and fell 14.5 sen to 90.5 sen; Edaran lost 11.5 sen to 32 sen, SYF Resources fell 11 sen to 81 sen, Carlsberg and Ajinomoto eight sen each to RM7.01 and RM3.75, Bernas down seven sen to RM3.12, UMW and IOI Corp fell six sen each to RM6.70 and RM5.11, while Esso lost five sen to RM3.51.

DPS Resources was the most actively traded counter with 104.5 million shares done. The stock rose four sen to 35 sen.

Other actives included Tiger, DBE Gurney, PDZ, Sinotop, Scan Associates, CME and NextNation.

Among the gainers, DiGi added 74 sen to RM35.26, Amway 18 sen to RM8.98, Sunchirin 14 sen to RM1.49, Petronas Dagangan and Kulim 12 sen each to RM16.26 and RM3.59, Proton 10 sen to RM2.80, while F&N and Coastal added eight sen each to RM17.46 and RM2.01.



Get your T+10 interest FREE margin trading account NOW. Attractive brokerage for online trading. Contact Mr Ho at +603-5192 0808 or hoxian@sjsec.com.my for more details.