KLCI stays in the black, lags regional markets

KUALA LUMPUR (Jan 17): The FBM KLCI managed to stay barely above the 1,510-point level at the mid-day break on Tuesday, and lagged behind key regional markets.

At 12.30pm, the index edged up 1.20 points to 1,510.26.

Losers overtook gainers by 313 to 288, while 314 counters traded unchanged. Volume was 737.43 million shares valued at RM793.79 million.

The ringgit strengthened 0.22% to 3.1318 versus the US dollar; crude palm oil futures for the third month delivery rose RM23 per tonne to RM3,149, crude oil added 43 cents per barrel to US$100.12 while gold jumped US$14.52 an ounce to US$1,658.32.

At the regional markets, Japan’s Nikkei 225 rose 0.77% to 8,442.75, Hong Kong’s Hang Seng Index gained 1.88% to 19,369.90, the Shanghai Composite Index added 0.93% to 2,226.67, Taiwan’s Taiex rose 1.29% to 7,194.93, South Korea’s gained 1.49% to 1,887.00 and Singapore’s Straits Times Index was up 0.91% to 2,781.60.

Among the gainers on Bursa Malaysia this morning, BAT was up 40 sen to RM49.70, Ibraco 21 sen to RM1.44, Petronas Dagangan up 20 sen to RM17.42, Genting 18 sen to RM10.74, Teck Guan 13 sen to 79 sen, Subur Tiasa and Bursa up 12 sen each to RM2.44 and RM6.94, Degem 11.5 sen to RM1.04 and Shell 11 sen to RM9.53.

Proton was the most actively traded counter after Khazanah Nasional Bhd finally put an end to months of speculation and announced it was divesting its 42.72% Proton stake to DRB-HICOM BHD [] for RM5.50 per share or RM1.291 billion cash.

Upon completion of the sale and purchase agreement, DRB-Hicom will be obliged to undertake a mandatory general offer on the remaining Proton shares.

Proton jumped 26 sen to RM5.44 with 53.61 million shares done.

Other actives included Compugates, DRB-Hicom shares and warrants, E&O, Hovid and DGSB.

Decliners at mid-day included GAB, Nestle, United PLANTATION []s, Dutch Lady, Panasonic, MISC and MMHE.



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 further at mid-day break, sentiment stays weak

KUALA LUMPUR (Jan 16): The FBM KLCI fell below the 1,520-point level on Monday as key regional markets retreated, spooked by Standard & Poor’s cut of the sovereign debt rating of nine of the euro zone's 17 countries.

At the mid-day break, the FBM KLCI fell 11.15 points to 1,511.92, weighed by losses at select blue chips including Genting, Petronas Dagangan and Genting PLANTATION []s.

Market breadth was negative with losers beating gainers by 486 to 141, while 256 counters traded unchanged.

The ringgit weakened 0.51% to 3.1481 versus the US dollar; crude palm oil futures fell RM23 per tonne to RM3,125, crude oil gained 18 cents per barrel to US$98.88 while gold slipped US$1.60 an ounce to US$1,637.40.

Asian markets fell as worries that European financial troubles would hurt the global economy and sap appetite for commodities weighed on industrial metals such as copper, while a shift to perceived safe haven assets boosted Japanese government bonds, according to Reuters.

Japan’s Nikkei 225 fell 1.54% to 8,369.23, Hong Kong’s Hang Seng Index lost 0.95% to 19,021.80, South Korea’s Kospi was down 1.56% to 1,846.43, Singapore’s Straits Times Index lost 1.25% to 2,756.74, Taiwan’s Taiex fell 0.87% to 7,118.79 and the Shanghai Composite Index shed 0.56% to 2,231.98.

On Bursa Malaysia, Dutch Lady and BAT fell 52 sen each to RM25.26 and RM49.24, Genting down 24 sen to RM10.64, Milux 21 sen to RM1.23, Petronas Dagangan 20 sen to RM17.20, F&N 18 sen to RM18.72, Degem 16 sne to 90 sen, Parkson 15 sen to RM5.55, Genting Plantations 13 sen to RM8.98 while Mentiga fell 12.5 sen to 67 sen.

Compugates was the most actively traded counter with 114.1 million shares done. The stock added one sen to 8 sen.

Other actives included Asia Media, Ingenuity Solutions, RedTone, Digistar, Can-One, YTL Land, Hubline and Hovid.

Gainers included Can-One, Supermax, Far East, Tasek, Kian Joo, Eng Kah and Aeon.



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 losses at mid-day on bargain hunting

KUALA LUMPUR (Nov 15): The FBM KLCI pared down some of its losses at the mid-day break on Tuesday, Nov 15 as investors nibbled on select blue chip stocks.

Meanwhile, Asian markets mostly remained in the red with investors staying on the sidelines as jittery European credit markets hurt sentiment.

The 30-stock FBM KLCI trimmed its losses to just 0.37 of a point to 1,478.50 at 12.30pm. The index had earlier fallen to its intra-morning low of 1,473.71.

Losers led gainers by 389 to 306, while 237 counters traded unchanged. Volume was 1.8 billion shares valued at RM737.82 million.

The ringgit weakened 0.33% to 3.1460 versus the US dollar; crude palm oil futures for the third month delivery gained RM2 per tonne to RM3,196, crude oil added three cents per barrel to US$98.17 while gold fell US$5.15 an ounce to US$1,775.27.

At the regional markets, Hong Kong’s Hang Seng Index lost 1.09% to 19,295.53, South Korea’s Kospi down 0.64% to 1,890.62, Japan’s Nikkei 225 fell 0.53% to 8,557.92, Taiwan’s Taiex lost 0.50% to 7,488.09, Singapore’s Straits Times Index was down 0.20% to 2,824.44 while the Shanghai Composite Index shed 0.05% to 2,527.50.

On Bursa Malaysia, SHL was the top loser and fell 23 sen to RM1.11; TSH Resources lost 17 sen to RM3.63, Nilai 15 sen to RM1.40, Degem and SYF Resources fell 14.5 sen each to 90.5 sen and 77.5 sen, Carlsberg 13 sen to RM6.96, Subur Tiasa 11 sen to RM2.21 while Batu Kawan was down 10 sen to RM15.90.

Among the gainers, DiGi added 88 sen to RM35.40, Proton 38 sen to RM3.08, Amway 20 sen to RM9, Quality Concrete and Kulim 16 sen each to RM1.43 and RM3.63, while LPI Capital and Dutch Lady rose 10 sen each to RM12.94 and RM21.60.

Tiger Synergy was the most actively traded counter with 171.8 million shares done. The stock rose 1.5 sen to 15 sen.

Other actives included DPS Resources, DBE Gurney, Malton, PDZ, Karambunai, Scan Associates and Sinotop.



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.