KLCI advances as Asian markets fall

KUALA LUMPUR (May 4) : Malaysian stocks rose on Friday morning as Asian peers declined following a weaker overnight performance by US equities.

Global markets have taken the cue from weaker updates on the US’ services industry and private sector hiring, deemed crucial indicators of the health of the world’s largest economy and major importer of goods from emerging Asian countries.

In Malaysia, analysts have cautioned investors that gains in the 30-stock FBM KLCI could be curbed by domestic pre-election sentiment and global factors. As such, it will be interesting to see if the benchmark can sustain its gains.

“A strong rally above 1,600 would give the bulls the momentum to test the historical high at 1,609,” Hong Leong Investment Bank Bhd wrote in a note.

At 9.59am, the FBM KLCI added 5.28 points to 1,588.45. Across the exchange, some 318 million shares worth RM188 million were traded, leading to 261 gainers versus 155 decliners.

Top gainers BRITISH AMERICAN TOBACCO (M) [] Bhd added RM1.76 to RM57 while NESTLE (M) BHD [] was up 30 sen to RM55.80.

Among decliners, SOUTHERN ACIDS (M) BHD [] fell 21 sen to RM2.21 while GRAND HOOVER BHD [] was down 10.5 sen to 20 sen

Among actively-traded stocks, ASTRAL SUPREME BHD [] fell one sen to 31.5 sen with some 15 million shares done.

Across Asia, Australia’s S&P/ASX 200 added 0.5% to 4,406.9 points while South Korea’s Kospi fell by a similar quantum to 1,985.23. Singapore’s Straits Times was down 0.3% to 2,992.02. The Japan bourse is closed for a public holiday.



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Malaysian stocks gain on US economic data

KUALA LUMPUR (May 2) : Malaysian shares gained on Wednesday morning in tandem with Asian peers following a stronger close across US stock markets in overnight trade.

World markets have reacted positively to better US manufacturing data in April, during which, the growth rate was the strongest in 10 months , according to the Institute for Supply Management.

In technical terms, analysts, however, foresee downside possibilities for Malaysia’s stock benchmark FBM KLCI as the index had failed to close above the 50-day moving average of 1,584 points as of last Monday. As such, it will be interesting to see if the 30-stock FBM KLCI will be able to sustain its gains on Wednesday.

At 9.59am, the gauge added 6.07 points to 1,576.88. Across the exchange, some 269 million shares worth RM161 million were traded, leading to 222 gainers versus 126 decliners.

Top gainers NESTLE (M) BHD [] rose 62 sen to RM55.92 while AEON CREDIT SERVICE (M) BHD [] added 30 sen to RM11.

Among decliners, BRITISH AMERICAN TOBACCO (M) [] Bhd fell 44 sen to RM55.10, while DUTCH LADY MILK INDUSTRIES BHD [] was down 30 sen to RM33.10.

Among actively-traded stocks, ASTRAL SUPREME BHD [] added one sen to 34 sen with some 14 million shares done.



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Astral rises on RM12.5m order

Astral Supreme Bhd, a maker of electronic toys and games, climbed 4.6 per cent to 23 sen. The company won a RM12.5 million (US$4 million) order from Sphairon Technologies GmbH, Astral said in a statement.-- Bloomberg



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Stocks to watch: Harvest, Can-One, Astral Supreme, Muhibbah

KUALA LUMPUR (Jan 7): Stocks on Bursa Malaysia could start on a cautious note next week, Jan 9, on continuing worries about a looming recession in Europe and the eurozone crisis, but fresh corporate news could provide some support.

On the local political front, the court is set to deliver its ruling on Parti Keadilan Rakyat (PKR) advisor Datuk Seri Anwar Ibrahim’s sodomy trial on Monday morning.

On Friday, the police agreed to allow PKR supporters to gather peacefully at the car park outside the Jalan Duta court complex here when the court is scheduled to deliver the verdict in Anwar's sodomy case.

On Wall Street, U.S. stocks rose in the first week of 2012, even though news that the U.S. jobless rate neared a three-year low did not whet interest in equities on Friday.

For the week, the Dow Jones Industrial Average rose 1.2%, the S&P gained 1.6% and the Nasdaq added 2.7% for the week, with most gains coming from cyclical sectors tied to growth.

Reuters reported on Friday that fears a capital black hole are spreading over the euro zone's banking sector threatens to overshadow the first meeting in 2012 of German Chancellor Angela Merkel and French President Nicolas Sarkozy next week to discuss the region's debt crisis.

European banks technically have until Jan. 20 to say how they will raise the estimated 115 billion euro ($147.12 billion)of capital needed by the end of June to repair balance sheets devastated by the euro zone's sovereign debt crisis.

But investors' nerves have become frayed after seeing Italian bank UniCredit forced to deeply discount a planned one-for-one equity rights issue, and calls for more details on how others plan to raise funds are set to grow, Reuters said

At Bursa Malaysia, among the stocks to watch include HARVEST COURT INDUSTRIES BHD [], CAN-ONE BHD [], KIAN JOO CAN FACTORY BHD [], ASTRAL SUPREME BHD [] and Muhibbah Engineering Bhd.

Bursa Malaysia Securities Bhd is removing the trading curbs on Harvest Court Industries Bhd’s shares and warrants with effect from Monday – nearly eight weeks after they were imposed on Nov 16.

Can-One Bhd won the legal tussle to acquire the 146.13 million Kian Joo Can Factory Bhd held by Kian Joo Holdings Sdn Bhd after a Federal Court ruled in its favour on Thursday.

Can-One announced to Bursa Malaysia that the apex court had allowed its appeal to proceed with the completion of the acquisition of the 32.9% stake for RM241.11 million.

Astral Supreme secured a €2.96 million (RM12.45 million) contract from Germany’s Sphairon Technologies GmbH.

What would interest investors is that based on the company’s annual revenue for financial year ended Dec 31, 2010 of RM13.36 million, the order value was about 93.2% of the latest annual revenue.

Muhibbah’s shares could be given a boost after CIMB Bank Bhd, which is the financier of the Asia Petroleum Hub Sdn Bhd (APH) project, has appointed PricewaterhouseCoopers (PwC) as receivers and managers over APH to facilitate a restructuring exercise.

Muhibbah maintained the APH project was viable and it was “working with various financiers, including CIMB, and other relevant parties towards an amicable solution”.



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Astral Supreme secures RM12.45m orders for Vodafone

KUALA LUMPUR (Jan 6): ASTRAL SUPREME BHD [] has received a boost with the securing of a €2.96 million (RM12.45 million) contract from Germany’s Sphairon Technologies GmbH.

It said on Friday its electronic contract manufacturing division Singatronics (M) Sdn Bhd had received orders to produce 70,000 units of its EasyBox product for Vodafone.

Astral Supreme said under the contract, the expected delivery was 5,000 units every two weeks.

“The company’s latest annual revenue for financial year ended Dec 31, 2010 was RM13.36 million and the order value is approximately 93.2% of its latest annual revenue,” it said.

Astral Supreme expected the order to contribute positively to the consolidated earnings of Astral Supreme for the financial year ending Dec 31, 2012.

Sphairon is involved in telecommunication development and production in Bautzen, Germany. The products include terminals for ISDN, ADSI and VDSL networks.



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KL shares firmer at midday

Share prices on Bursa Malaysia ended the morning session firmer, despite regional markets winding down ahead of the festive holidays, dealers said.

Window dressing activities dominated trade as investors sought after quality stocks for their portfolio ahead of the year-end.

At 12.30pm, the FBM KLCI ended at 1,494.94, up 3.48 points.

The Finance Index rose 21.89 points to 13,391.85, the Plantation Index increased 25.53 points to 7,948.78 but the Industrial Index softened by 1.93 points to 2,664.75. The FBM Emas Index added 23.96 points to 10,238.89, FBM Mid 70 Index gained
21.511 points to 11,257.98 but the FBM ACE Index declined 4.410 points to 4,023.39.

Gainers led losers 304 to 279 while 320 counters were unchanged. Turnover stood at 451.738 million shares worth RM363.868 million.

Among actives, Astral Supreme Bhd added one sen to 19.5 sen, Perisai Petroleum Teknologi rose 4.0 sen to 72.5 sen and TMC Life Sciences Bhd-Warr increased 2.5 sen to 14 sen.

In heavyweights, Maybank declined one sen to RM8.44, Sime Darby eased two sen to RM8.98 and CIMB firmed nine sen to RM7.09. -- BERNAMA



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KL shares lower at mid-afternoon

KUALA LUMPUR: Share prices on Bursa Malaysia were lower at midafternoon today, tracking losses in plantation and finance stocks, dealers said.

At 2.45pm, the FBM KLCI lost 8.25 points or 0.558 per cent to 1,469.53.

The Finance Index fell 50.43 points to 13,128.57, the Plantation Index dropped 32.85 points to 7,855.22 and the Industrial Index eased 16.53 to 2,648.81.

The FBM Emas Index decreased 38.90 points to 10,078.01 but the FBM Mid 70 Index added 11.0 points to 11,091.55 while the FBM ACE Index declined 25.30 points to 4,075.47.

Losers led gainers by 381 to 286 while 273 counters were unchanged.

Turnover stood at 957.56 million shares worth RM107.308 million.
Astral Supreme lost half a sen to 21.5 sen, Utopia was unchanged at 10.5 sen and JCY gained 5.5 sen to 93.5 sen.

Among heavyweights, Maybank added two sen to RM8.24, CIMB fell nine sen to RM6.96, Sime Darby shed two sen to RM8.99 and Axiata was down two sen at RM4.98. -- BERNAMA



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Bursa queries Astral over price jump

Bursa Malaysia Securities Bhd has issued an unusual market activity query to Astral Supreme Bhd today due to the sharp increase in the price and high volume of the company’s shares recently.

At 12.30pm, Astral's share price rose by half sen to 22.5 sen.

"Investors are advised to take note of the company’s reply to the query which would be posted on Bursa Malaysia’s website under company announcements," it said in a statement today. -- Bernama



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Astral Supreme pares gains after Bursa Securities query

KUALA LUMPUR (Dec 20): The securities of ASTRAL SUPREME BHD [] pared their gains in afternoon trade on Tuesday after Bursa Malaysia Securities queried the company over the unusual market activity.

At 3.15pm, the shares were unchanged at 22 sen with 88.88 million shares done after closing at 27 sen at midday.

The warrants were just 0.5 sen higher at 11.5 sen with 40.96 million units done. The warrants climbed to 13 sen at midday

The FBM KLCI fell 8.81 points to 1,468.97. Turnover was 1.06 billion units done valued at RM717.6 million. Losers beat gainers 408 to 286.

Bursa Securities queried Astral Supreme over the sharp increase in the price and high volume of the company’s securities recently.

The regulator had on Tuesday issued the unusual market activity query to Astral Supreme before the midday break.



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KL shares ended morning session lower

KUALA LUMPUR: Share prices on Bursa Malaysia ended the morning session lower as investors remained sidelined amidst wobbly global economic progress, dealers said.

At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was down 5.14 points at 1,472.64, after opening lower at 1,475.87.

Hong Leong Investment said given the persistent negative headlines from Europe and thin volume ahead of the year-end holidays, the local bourse remained volatile, albeit, with an upward bias due to window dressing activities.

The Finance Index erased 24.46 points to 13,154.54, the Plantation Index fell 27.24 points to 7,860.83 while the Industrial Index lost 17.40 points to 2,647.94.

The FTSE Bursa Malaysia Emas Index decreased 25.021 points to 10,091.89, the Ace Index declined 24.79 points to 4,075.98 but the Mid 70 Index rose 6.521 points to 11,087.07.

Losers led gainers 352 to 274 while 277 counters were unchanged.
Trading volume stood at 849.184 million shares valued at RM509.99 million.

For actives, Astral Supreme added half-a-sen to 22.5 sen, Utopia was unchanged at 10.5 sen and JCY gained four sen to 92 sen.

Among heavyweights, Maybank added two sen to RM8.24, CIMB fell one sen to RM7.04, Sime Darby shed two sen to RM8.99 and Axiata was flat at RM5.00. -- BERNAMA



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Bursa Securities queries Astral Supreme over unusual market activity

KUALA LUMPUR (Dec 20): Bursa Malaysia Securities has queried ASTRAL SUPREME BHD [] over the sharp increase in the price and high volume of the company’s securities recently.

The regulator had on Tuesday issued the unusual market activity query to Astral Supreme before the midday break.

As at 12,30pm, the share price was up five sen to 27 sen with 44.17 million shares done while the warrants added two sen to 13 sen with 26.58 million units transacted.



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KL shares open marginally lower

Share prices on Bursa Malaysia were marginally lower today reflecting the bearish sentiment in external markets, dealers said.

After 30 minutes of trading, the FBM KLCI fell 3.37 points to 1,474.41.

HwangDBS Vickers Research said US equity indices fell between 0.8 and 1.3 per cent at the closing bell, following news of North Korean ruler Kim Jong Il’s death and its effects on the future North Korean government and economic policies as his son, Kim Jong Un, begins his succession to power.

"Compounding this were lingering concerns over the Eurozone debt crisis," it added.

Back home, HwangDBS said local bourse would likely trend downwards to its immediate support level of 1,475 as the market continued to mull over North Korea's fate and progress on the International Monetary Fund Eurozone rescue scheme.

The Finance Index dropped 21.66 points to 13,157.34, the Plantation Index was up 2.09 points at 7,890.16 and the Industrial Index fell 6.12 points 2,659.22.

The FBM Emas Index was down 16.08 points to 10,100.83, the FBM Mid 70 Index added 6.16 points to 11,086.71 and the FBM ACE Index gained 5.38 points to 4,106.15.

Gainers led losers 134 to 135 while 167 counters were unchanged.
Turnover stood at 1.707 million lots worth RM64.146 million.

Among the active counters, Utopia earned one sen to RM11.5, Gamuda-CS rose three sen to nine sen and Astral Supreme added two sen to 24 sen.

Among the heavyweights, Maybank was unchanged at RM8.22, CIMB fell three sen to RM7.02 and Sime Darby erased two sen to RM8.99. -- BERNAMA



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KL shares lower at midafternoon

KUALA LUMPUR -- Share prices on Bursa Malaysia were mixed at midafternoon today, tracking mild gains in selected bluechips, dealers said.

At 3pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.94 points or 0.132 per cent to 1,468.16.

The Finance Index fell 25.33 points to 13,133.26 but the Plantation Index rose 14.09 points to 7,878.20 and the Industrial Index rose 2.03 points to 2,651.55.

The FBM Emas Index increased 9.14 points to 10,063.63, the FBM Mid 70 Index added 0.2 of a point to 11,060.78 and the FBM ACE Index declined 49.17 points to 4,084.08.

Losers led gainers by 430 to 208, while 272 counters were unchanged.

Turnover stood at 1.012 billion shares worth RM554.36 million.

Among actives, 1 Utopia rose 1.5 sen to 11.5 sen, Wijaya-Wa fell 3.5 sen to 41 sen and Astral Supreme gained one sen to 22 sen.

Among heavyweights, Maybank and CIMB declined one sen each to RM8.20 and RM6.99 respectively while Sime Darby rose one sen to 8.97. -- Bernama



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KL shares lower in cautious trade

Share prices on Bursa Malaysia turned lower at midday today in cautious trade.

The FBM KLCI fell 0.68 of a point to 1,465.54. Dealers said the local bourse moved in line with weaker sentiment in key regional markets.

Meanwhile, key equity indices on the Wall Street ended mixed last Friday as Fitch Ratings lowered France's credit outlook.

"Trading volume to taper off ahead of Christmas and going into the new year in anticipation of investors taking a break," said OSK Research in a research note.

The Finance Index fell 31.399 points to 13,127.19 and the Plantation Index rose 1.69 points to 7,865.8 and the Industrial Index rose 1.19 points to 2,650.71. The FBM Emas Index declined 4.26 points to 10,050.23, the FBM Mid 70 Index added 3.81 points to 11,064.39 and the FBM ACE Index fell 29.74 points to 4,103.51.

Losers led gainers by 403 to 201 with 249 counters traded unchanged. Turnover stood at 886.79 million shares worth RM458.08 million.

Dutch Lady lost 78 sen or 3.2 per cent to RM23.66 on profit taking. For the actives, Utopia rose 1.5 sen to 11.5 sen, Wijaya-Wa fell 3.5 sen to 41 sen and Astral Supreme gained 1.5 sen to 22.5 sen.

Among heavyweights, Maybank declined one sen to RM8.20, Sime Darby was flat at 8.96 and CIMB was down one sen at RM6.99. -- Bernama



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KL shares open marginally higher

Share prices on Bursa Malaysia opened slightly higher today.

At 9.15am, the FBM KLCI edged up 1.17 points to 1,467.39 after opening at 1,466.78.

Dealers said investors remained cautious due to mixed performance on Wall Street last Friday as Fitch Ratings lowered France’s credit outlook.

Fitch Ratings also put Spain, Italy, Belgium, Slovenia, Ireland and Cyprus on a “Rating Watch Negative” review, which is expected to be completed by end-January, dealers said.

HwangDBS Vickers Research said the Malaysian bourse might trade with a downward bias today towards its immediate support level of 1,445.

The Finance Index dropped 18.83 points to 13,139.76, the Plantation Index surged 1.32 points to 7,865.43 and the Industrial Index perked up 5.87 points to 2,655.39.

The FBM Emas Index was up 11.67 points to 10,066.16, the FBM Mid 70 Index jumped 31.39 points to 11,091.97 and the FBM ACE Index declined 0.06 of a point to 4,133.19.

Gainers led losers by 105 to 72 while 117 counters were unchanged.

Turnover stood at 112.34 million shares worth RM40.909 million.

Among the active counters, Wijaya Baru Global-Wa added half a sen to 45.5 sen, Astral Supreme rose 1.5 sen to 22.5 and Kurnia Asia was flat at 60.5 sen.

Among the heavyweights, Maybank fell one sen to RM8.20, CIMB was unchanged at RM7.00 but Sime Darby rose two sen to RM8.98. -- Bernama



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OSK Research: Strong rising volume in Astral Supreme

KUALA LUMPUR (Dec 16): OSK Research said since August this year, Astral Supreme has been sustaining its posture at above the prior key low of 14 sen with heavy volume.

It said on Friday the volume has seen an increasing trend, which could be a sign of share accumulation at the bottom.

“Traders could consider accumulating the shares at the current level or closer to the 14 sen level.

“A break above the 100-week MAV line is expected to draw stronger upward momentum, which could potentially carry the stock to the next major resistance of the 200-week MAV line. Our cut-loss point is pegged at below the key low of 14 sen,” it said.



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Market Commentary

The FBM KLCI index gained 9.18 points or 0.62% on Wednesday. The Finance Index increased 0.19% to 13282.17 points, the Properties Index up 0.90% to 959.54 points and the Plantation Index rose 0.37% to 7586.04 points. The market traded within a range of 9.53 points between an intra-day high of 1490.74 and a low of 1481.21 during the session.

Actively traded stocks include HIBISCS-WA, TEJARI, ASUPREM, DATAPRP, EMICO, HIBISCS, COMPUGT, GPRO, JCY and JCY-CD. Trading volume increased to 2677.72 mil shares worth RM1818.10 mil as compared to Tuesday’s 1812.89 mil shares worth RM1538.64 mil.

Leading Movers were AXIATA (+13 sen to RM4.96), SIME (+12 sen to RM8.92), GENTING (+14 sen to RM11.00), PETCHEM (+7 sen to RM6.48) and CIMB (+4 sen to RM7.36). Lagging Movers were KLK (-6 sen to RM21.14), GENM (-1 sen to RM3.86), AMMB (-1 sen to RM5.83), UMW (-2 sen to RM6.85) and HLFG (-2 sen to RM11.88). Market breadth was positive with 562 gainers as compared to 222 losers.-- JF Apex Securities Bhd

KL shares higher at mid-afternoon

Share prices on Bursa Malaysia sustained the uptrend at mid-afternoon today on continued buying momentum following the firmer overnight Wall Street, dealers said.

The dealers also said the improved sentiment on regional markets was driven by the latest news on developments in Italy's debt crisis.

News of Italian Prime Minister Silvio Berlusconi's impending resignation lifted confidence that a new leader will act more effectively to tackle the country's debt woes.

As at 3.46 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 5.69 points higher at 1,486.15 after opening 0.75 of a point better at 1,481.21.

The Finance Index gained 9.69 points to 13,267.28, the Plantation Index improved 15.51 points to 7,573.23 and the Industrial Index increased 12.69 points to 2,719.18.

The FBM Emas Index advanced 45.61 points to 10,135.25, the FBM Mid 70 Index perked 46.84 points to 10,903.55 and the FBM ACE Index advanced 27.69 points to 4,248.47.

Gainers beat losers 532 to 192 with 275 counters unchanged, 470 untraded and 21 others suspended. Turnover stood at 2.177 billion shares worth RM1.292 million.

Of the actives, Hibiscus Petroleum warrant gained 5.5 sen to 47 sen, Tejari Technologies rose half a sen to nine sen, Astral Supreme rose 1.5 sen to 19.5 sen and Emico Holdings increased 19.5 sen to 39.5 sen.

Among heavyweights, Maybank was unchanged at RM8.22, CIMB slipped one sen to RM7.31, Sime Darby added eight sen to RM8.88 and Petronas Chemicals Group earned three sen to RM6.44. -- Bernama

KL shares bullish at midday

Share prices on Bursa Malaysia sustained the uptrend at midday today in line with gains on regional Asian markets and a firmer overnight Wall Street, dealers said.

The dealers also said the improved sentiment on regional markets was driven by the latest news on developments in Italy's debt crisis.

News of Italian Prime Minister Silvio Berlusconi's impending resignation lifted confidence that a new leader will act more effectively to tackle the country's debt woes.

The FTSE Bursa Malaysia KLCI (FBM KLCI) was 5.98 points higher at 1,486.44 after opening 0.75 of a point better at 1,481.21.

The Finance Index gained 7.41 points to 13,265 and the Plantation Index slipped 6.02 points to 7,551.70 but the Industrial Index increased 13 points to 2,719.49.

The FBM Emas Index advanced 46.101 points to 10,135.74, the FBM Mid 70 Index perked 46.15 points to 10,902.86 and the FBM ACE Index advanced 18.61 points to 4,239.39.

Gainers beat losers 441 to 186 with 277 counters unchanged, 565 untraded and 19 others suspended. Turnover stood at 1.597 billion shares worth RM902.023 million.

Of the actives, Hibiscus Petroleum warrant gained seven sen to 48.5 sen, Tejari Technologies rose half a sen to nine sen, Astral Supreme rose two sen to 20 sen and Emico Holdings increased 22 sen to 42 sen.

Among heavyweights, Maybank rose one sen to RM8.23, CIMB slipped three sen to RM7.29, Sime Darby added eight sen to RM8.88 and Petronas Chemicals Group earned seven sen to RM6.48. 09/11/2011. - Bernama