KLCI closes lower as Asian markets dip

KUALA LUMPUR (March 28): The FBM KLCI closed lower on Wednesday as Asian markets slipped into the red, led by the Shanghai Composite Index that fell more than 2.5%.

The FBM KLCI fell 4.35 points to close at 1,583.75. Market breadth was negative with losers beating gainers by 491 to 244, while 350 counters traded unchanged. Volume was 1.56 billion shares valued at RM1.31 billion.

Asian markets were mostly in the red, as Hong Kong and China shares ended lower on Wednesday, as weak corporate earnings reports increased worries over the domestic economy, according to Reuters.

At the regional markets, the Shanghai Composite Index lost 2.65% to 2,284.88, Hong Kong’s Hang Seng index fell 0.77% to 20,885.42, Japan’s Nikkei 225 was down 0.71% to 10,182.57, South Korea’s Kopsi fell 0.39% to 2,031.74 and Singapore’s Straits Times Index shed 0.10% to 3,015.98.

On Bursa Malaysia, Southern Acids was the top loser and fell 20 sen to RM2.30, Hartalega fell 15 sen to RM7.95, Petronas Gas 14 sen to RM16.76 and MPI, 13 sen to RM3.12.

Fima Corp, Y&G, Toyo Ink and Coastal Contracts lost 12 sen each to RM6.11, 58 sen, RM1.46 and RM1.98 respectively.

Shares of Supercomnet extended their losses in active trade for the second day on Wednesday after the proposed disposal of an 18.66% stake by several major shareholders fell through. Supercomnet fell 15 sen to 21 sen with 110.9 million shares traded.

Other actives included Metronic, Utopia, Ariatec, IFCA MSC, Silver Bird, Ingenuity Solutions and Naim Indah Corp.

Gainers included Dutch Lady, BAT, Bintulu Port, Takaful, BLD PLANTATION []s, MAHB, Sungai Bagan, Manulife and SMPC.



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Market down, weighed by big cap plantations, Greece worries, high oil prices

KUALA LUMPUR (Feb 22): Big cap PLANTATION [] stocks weighed on the 30-stock FBM KLCI in the morning session on Wednesday, with PPB emerging as the top loser.

At 12.30pm, the FBM KLCI was down 2.46 points to 1,561.32. Turnover was 1.15 billion shares valued at RM744.330 million, reflecting the lower quality of trading with interest seen in lower liners and penny stocks. There were 283 gainers, 450 losers and 287 stocks unchanged.

The broader market was cautious as investors were still nervous about Greece’s ability to stick to the austerity plan. High crude oil prices also posed another major concern, with Brent crude for April at US$121.21 a barrel and US crude for April at US$105.80 a barrel.

Regional markets were mostly higher with Japan’s Nikkei 225 up 0.77% to 9,536.34, Shanghai’s Composite Index added 0.45% to 2,392.16, Taiwan’s Taiex 0.92% to 7,994.53, South Korea’s Kospi 0.04% to 2,025.01. However, Hong Kong’s Hang Seng Index fell 0.8% to 21,460.90 and Singapore’s Straits Times Index 0.43% lower at 3,012.06.

Crude palm oil third-month futures rose RM13 to RM3,281 while the ringgit weakened to 3.0255 to the US dollar.

PPB fell 46 sen to RM17.18, dragging the 30-stock KLCI down 0.86 of a point , IOI Corp fell five sen to RM5.39, pushing the index down 0.76 of a points while KLK fell 30 sen to RM23.70, shaving 0.5 of a point of the index.

Batu Kawan shed 32 sen to RM18.60 and Genting Plantations 15 sen to RM9.25. However, Chin Tek rose 24 sen to RM8.90 and Far East added 12 sen to RM7.40.

PPB’s 18.3% associate Wilmar International Ltd -- the world's largest listed palm oil firm -- reported fourth-quarter profit that missed analysts’ estimates.

BAT was the top loser, down 70 sen to RM52.30, Harrison 52 sen to RM3.18, Fima Corp 43 sen to RM6.32 and YTL Cement 26 sen to RM4.54. Loss-making Perwaja fell 14 sen to 77 sen.

Among the gainers were Dutch Lady, up 40 sen to RM25.80, RHB Cap 30 sen sen to RM7.85, Kris Assets 17 sen to RM6.60, F&N 16 sen to RM18, Hartalega 13 sen to RM7.89 and Genting 10 sen to RM10.84.



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KLCI reverses earlier losses, closes up 7.7 points

KUALA LUMPUR (Jan 30): The FBM KLCI reversed its earlier losses and rose in the final minutes of trade on Tuesday in line with the higher closing at regional markets, lifted by gains including at Petronas-linked counters and Genting.

The FBM KLCI rose 7.74 points to close at 1,521.29. For the month, however, the index fell 9.44 points from its closing of 1,530.73 on Dec 30 last year.

Gainers overtook losers by 415 to 394, while 353 counters traded unchanged. Volume was 1.78 billion shares valued at RM2.18 billion.

At the regional markets, the Shanghai Composite Index edged up 0.33% to 2,292.61, Hong Kong’s Hang Seng Index rose 1.14% to 20,390.49, Japan’s Nikkei 225 was up 0.11% to 8,802.51, South Korea’s Kospi was up 0.79% to 1,955.79 and Taiwan’s Taiex added 1.48% to 7,517.08, while Singapore’s Straits Times Index rose 0.64% to 2,906.69.

Meanwhile, European shares rose on Tuesday on hopes Greece was nearing a debt swap deal needed to avoid a messy default, while European leaders agreed on stricter budget discipline measures to help prevent further debt accumulation in the region, according to Reuters.

On Bursa Malaysia, Petronas Gas rose 48 sen to RM15.68, Petronas Dagangan 30 sen to RM18, Glenealy 24 sen to RM7.37, FIma Corp and Coastal Contracts 23 sen each to RM6.45 and RM2.30, Genting 22 sen to RM11.12, BLD PLANTATION []s and GAB 20 sen each to RM8.59 and RM12.40, while Malayan Flour Mills added 19 sen to RM4.33.

Among the decliners, MPI fell 20 sen to RM3.48, Perstima down 18 sen to RM3.72, United Plantations 16 sen to RM20.34, Advanced Packaging and Hong Leong Bank 14 sen each to RM1.18 and RM11.36, Nestle, APM Automotive, Lafarge Malayan Cement and Uzma lost 10 sen each to RM55.70, RM4.50, RM6.68 and RM1.76 respectively, while Asia File lost nine sen to RM3.61.

The actives included Coastal Contracts, DRB-Hicom, Compugates, Axiata, DBE Gurney, TMS and Mudajaya.



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KLCI remains in the red at mid-day as Asian markets pause

KUALA LUMPUR (Jan 27): The FBM KLCI remained in the red at the mid-day break on Friday, as regional markets paused after the recent rally in line with the mixed overnight trade at the US markets.

The FBM KLCI fell 2.12 points to 1,521.74 at the mid-day break, weighed by select blue chips.

Gainers edged losers by 357 to 345, while 297 counters traded unchanged. Volume was 1.21 billion shares valued at RM893.67 million.

The ringgit weakened 0.01% to 3.0408 versus the US dollar; crude palm oil futures for the third month delivery rose RM2 per tonne to RM3,133, crude oil added 14 cents per barrel to US$99.84 while gold fell 33 cents an ounce to US$1,720.32.

At the regional markets, Japan’s Nikkei 225 fell 0.24% to 8,828.48, Hong Kong’s Hang Seng Index down 0.04% to 20,431.90 and South Korea’s Kospi shed 0.02% to 1,956.75, while Singapore’s Straits Times Index edged up 0.04% to 2,895.55.

On Bursa Malaysia, HLFG fell 26 sen to RM12, Tahps lost 25 sen to RM4.25, Genting PLANTATION []s down 20 sen to RM9.45, Hong Leong Industries down 18 sen to RM4.21, Triplc 15 sen to 39 sen, Fima Corp 12 sen to RM6.14, Warisan and MPI lost 11 sen each to RM2.55 and RM3.58, while Sunchirin lost 10 sen to RM1.65.

Gainers this morning included Bintulu Port, IJM Corp, Hartalega, Southern Acids, Puncak Niaga, Batu Kawan, Hong Leong Bank, Esso, AZRB and DRB-Hicom.

The actives included TMS, Karyon, DRB-Hicom and Palette.



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KLCI slips at mid-morning as regional rally takes a breather

KUALA LUMPUR (Jan 27): The FBM KLCI slipped at mid-morning on Friday, in line with the weaker sentiment at key regional bourses as markets took a breather from the recent rally.

At the global markets, a broad asset rally inspired by the US Federal Reserve's pledge to keep rates low paused on Friday, as investors sought to gauge how sustainable the burst of optimism will be while waiting for the outcome of crucial Greek debt talks, according to Reuters.

The FBM KLCI fell 3.74 points to 1,520.12 at 10am, weighed by losses at select blue chips.

Gainers edged losers by 235 to 205, while 252 counters traded unchanged. Volume was 538.98 million shares valued at RM369/81 million.

At the regional markets, Japan’s Nikkei 225 edged down 0.02% to 8,847.62 and South Korea’s Kospi shed 0.14% to 1,954.48, while Hong Kong’s Hang Seng Index added 0.24% to 20,487.90 and Singapore’s Straits Times Index gained 0.25% to 2,901.54.

BIMB Securities Research in a note Jan 27 said it was a mixed trading day on Wall Street on Thursday from a mixed batch of earnings and economic data in the US.

Lower new home sales, higher durable goods orders and higher jobless claims had all placed investors on an indecisive mode, it said.

As a consequence, the Dow Jones Industrial Average erased early gains to end the session 22 points lower, it said.

The research house said whilst negotiations in Athens are still ongoing, most European indices reversed their losses from the past few sessions to chalk up impressive gains possibly on a technical rebound.

As for Asia, equity performances remain strong with almost all closed on a high, it said.

“Locally, the FBM KLCI gained 4 points to close above the 1,520 mark with interests again centred on the lower liners and we expect the same for today.

“It is interesting to note that the MYR is gaining momentum against the greenback hovering at RM3.04/US$1 indicating that funds may be flowing back into the country again.

“Recent calls to overweight the PLANTATION [] sector are bearing fruits and our top calls are Hap Seng Plantations and TH Plantations which are still low on valuations,” it said.

Among the decliners on Bursa Malaysia, Genting Plantations fell 25 sen to RM9.40, TDM 13 sen to RM4.29, Fima Corp 12 sen to RM6.14, Hong Leong Industries nine sen to RM4.30, Public Bank eight sen to RM13.32, Kossan seven sen to RM3.40, while Aeon, Delloyd and Can-One fell six sen each to RM7.40, RM3.44 and RM2.03.

Gainers included IJM Corp, Scicom, Nestle, Hartalega, DRB-Hicom, AZRB, Amway, Shell and MISC, while the actives included TMS, Karyon, DBE Gurney, Jotech, UEM Land and DRB-Hicom.



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KLCI starts year of the Dragon in the red as banks, blue chips weigh

KUALA LUMPUR (Jan 25): The FBM KLCI reversed its earlier gains and closed lower on its first trading day of the Lunar year of the Dragon, weighed by losses at key blue chips including banking and Petronas-linked stocks.

The FBM KLCI shed 2.90 points to 1,519.76, as some investors are still on extended post-Chinese New Year holidays.

Gainers led losers by 389 to 315, while 296 counters traded unchanged. Volume was 1.34 billion shares valued at RM1.54 billion.

At the regional markets, Japan’s Nikkei 225 was up 1.12% to 8,883.69, Australia’s S&P/ASX 200 Index rose 1% to 4,329.10, South Korea’s Kospi added 0.12% to 1,952.23 and Singapore’s Straits Times Index rose 1.48% to 2,891.64.

The China, Hong Kong and Taiwan markets remained closed for the Chinese New Year holidays.

Meanwhile, European shares were lower in early trade on Wednesday, weighed by the tech sector after a sharp post-results decline for Ericsson, according to Reuters.

The mobile telecoms network gear maker sank 14% after its fourth quarter earnings came in well below forecast. That compared with more bullish results from U.S. peer Apple overnight, it said.

On Bursa Malaysia, CIMB led the losses at banking stocks and fell 12 sen to RM6.99; Maybank and Affin lost six sen each to RM8.20 and RM3.16, AMMB five sen to RM5.79, while AFG and RHB Capital shed two sen each to RM3.87 and RM7.27.

Petronas Dagangan fell 10 sen to RM17.50, Petronas Chemicals down eight sen to RM6.60 and Petronas Gas shed four sen to RM15.20.

Other decliners included Tahps, Dutch Lady, Harvest Court, LPI Capital, Toyo Ink and KESM.

Among the gainers, BAT rose 50 sen to RM50, KLK 42 sen to RM25.90, MPI 39 sen to RM3.67, Tradewinds PLANTATION []s and Malayan Flour Mills 27 sen each to RM4.53 and RM8.07, BHIC 23 sen to RM3.80, Fima Corp 21 sen to RM6.25, Hong Leong Bank 20 sen to RM11.30 and DKSH 18 sen to RM2.16.

Hibiscus, which was the most actively trade counter, was issued with an unusual market activity query.

Hibiscus rose 32 sen to RM1.52 with 53.5 million shares done while its warrants added 14.5 sen to 85 sen with 176.11 million units traded.

Other actives included DBE Gurney, JCY, Hubline, Maybulk, Compugates and CIMB.



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KLCI slips at mid-day break, blue chips weigh

KUALA LUMPUR (Jan 25): The FBM KLCI slipped into negative territory at the mid-day break on Wednesday, weighed by losses at key blue chips including CIMB, Genting and Petronas-linked stocks.

At 12.30pm, the FBM KLCI fell 2.37 points to 1,520.29.

Losers overtook gainers by 305 to 270, while 243 counters traded unchanged. Volume was 502.97 million shares valued at RM566.35 million.

The ringgit strengthened 0.23% to 3.0798 versus the US dollar; crude palm oil futures for the third month delivery rose RM12 per tonne to RM3,177, crude oil gained 21 cents per barrel to US$99.16 while gold rose US$1 an ounce to US$1,666.68.

At the regional markets, Japan’s Nikkei 225 rose 1.21% to 8,891. 89, Australia’s S&P/ASX 200 Index gained 0.88% to 4,261.40, Singapore’s Straits Times Index added 0.83% to 2,872.90 and South Korea’s Kospi was up 0.33% to 1,956.41.

The China, Hong Kong and Taiwan markets remained closed for the Chinese New Year holidays.

On Bursa Malaysia, Nestle fell 30 sen to RM55.70, Dutch Lady 20 sen to RM25.78, CIMB 12 sen to RM6.99, Golsta and KESM 10 sen each to 39 sen and RM2, Affin nine sen to RM3.13, Petronas Chemicals and Genting eight sen each to RM6.60 and RM10.90, Petronas Gas four sen to RM15.20 while Genting PLANTATION []s was down three sen RM9.25.

DBE Gurney was the most actively traded counter with 46.72 million shares done. The stock was unchanged at 12.5 sen.

Other actives included JCY, Compugates, MBSB, Maybulk, CIMB, Unisem and DRB-Hicom.

Among the gainers, BAT was up 46 sen to RM49.96, MPI 35 sen to RM3.63, Malayan Flour Mills 24 sen to RM8.04, Hong Leong Bank and BHIC 20 sen each to RM11.30 and RM3.77, Tradewinds Plantations and Fima Corp 17 sen each to RM4.43 and RM6.21, KLK 16 sen to RM25.64 while NSOP and Batu Kawan added 14 sen each to RM5.84 and RM18.84.



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Asian markets stay in the black but pare down some gains

KUALA LUMPUR (Dec 21): Asian markets stayed in the black on Wednesday on upbeat mood as China and Taiwan upped the ante to support their respective stock markets, while encouraging US and German data and strong demand for Spanish debt tempered risk-aversion.

However, some of the indices pared down their gains as Japan exports fell at their fastest annual pace in six months in November as a strong yen, the Eurozone debt crisis and a slowdown in emerging economies weighed on overseas demand.

The FBM KLCI was up 16.14 points to 1,481.31 at the mid-day break, lifted by gains including at Genting and banking stocks.

Gainers led losers by 361 to 226, while 308 counters traded unchanged. Volume was 824.31 million shares valued at RM535.75 million.

The ringgit strengthened 0.40% to 3.1684 versus the US dollar; crude palm oil futures for the third month delivery rose RM18 per tonne to RM3,038, crude oil added 50 cents to US$97.74 and gold gained US$8.22 an ounce to US$1,624.13.

At the regional markets, Japan’s Nikkei was up 1.28% to 8,443.56, Hong Kong’s Hong Seng Index added 1.6% to 18,368.66, the Shanghai Composite Index edged up 0.24% to 2,221.14, Taiwan’s Taiex jumped 4.23% to 6,944.65, South Korea’s Kospi gained 3.10% to 1,848.56 and Singapore’s Straits Times Index was up 1.52% to 2,654.17.

On Bursa Malaysia, PPB and Genting rose 28 sen each to RM16.98 and RM10.64, BAT up 24 sen to RM48.24, KAF 23 sen to RM1.71, HLFG 20 sen to RM11.62, Public Bank 16 sen to RM13.16, Fima Corp and AMMB 15 sen each to RM5.90 and RM5.85, while F&N was up 14 sen to RM18.08.

Among the decliners, Batu Kawan fell 20 sen to RM17, JT International 14 sen to RM6.86, MPI 11 sen to RM2.62, Nestle 10 sen to RM56.20, Uzma and IGB nine sen each to RM1.61 and RM2.33, Ho Hup 6.5 sen to 62.5 sen and Vastalux 6.5 sen to 2 sen.

The actives included Utopia, TMS, Maxbiz, JCY, Vastalux, Focus and Nova MSC.



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KLCI higher at mid-morning, but gains likely limited; Proton in focus

KUALA LUMPUR (Dec 5): The FBM KLCI remained in positive territory at mid-morning on Monday but gains would likely be capped as global investor sentiment remained cautious with the eurozone debt crisis situation still remaining a worrying factor.

Asian shares and the euro firmed on Monday on hopes European leaders would agree on a definitive rescue plan to solve the euro zone's debt crisis at a crucial summit this week, with sentiment getting a lift from Italy unveiling austerity steps, according to Reuters.

But investors were expected to tread cautiously and cap the markets' upside ahead of an eventful week, which also includes the European Central Bank's last monetary policy meeting for the year on Thursday, with an expectation for a rate cut, it said.

The FBM KLCI was up 1.66 points to 1,490.68 at 10am.

Gainers led losers by 213 to 169 while 206 counters traded unchanged. Volume was 478.86 million shares valued at RM206.81 million.

At the regional markets, Japan’s Nikkei edged up 0.41% to 8,679.34.

Elsewhere, the Shanghai Composite Index fell 1.03% to 2,336.38, Taiwan’s Taiex lost 0.95% to 7,073.13, Singapore’s Straits Times was down 0.71% to 2,753.80, Hong Kong’s Hap Seng fell 0.28% to 18,986.59 and South Korea’s Kospi shed 0.11% to 1,913.87.

Maybank Investment Bank Bhd Research in a market strategy report on Monday said 3Q11 results reporting saw more misses than hits with major dismals from the aviation, CONSTRUCTION [] and building material sectors.

The research house said it now looked towards a 9.3% growth in 2011 core earnings for the KLCI, 7.7% in 2012 and 7.9% in 2013.

“We continue to peg the market to 13.3 times one-year forward earnings deriving an unchanged 2012 YE KLCI target of 1,500 pts.

“We expect volatility in global equities to persist into 2012 while traction on ETP implementation and an early general election will keep the market bouyant. We stay defensive,” said the research house.

On Bursa Malaysia, Proton shares were actively traded on Monday and rose after the Edge weekly reported that state investment arm Khazanah Nasional Bhd was likely to ask for proposals from interested parties for its stake in the carmaker.

Proton rose 59 sen to RM4.20 with 6.4 million shares traded.

Among the other gainers, Nestle added 60 sen to RM53.20, United PLANTATION []s 48 sen to RM18.58, BAT 44 sen to RM47.54, Tradewinds Plantations 16 sen to RM4.33, Fima Corp and Toyo Ink 15 sen each to RM5.80 and RM1.75, while Amway and Kretam added 14 sen each to RM9.10 and RM2.50.

The decliners included Batu Kawan, IJM Corp, Litrak, Parkson, Perak Corp, Carlsberg, Petronas Gas and Sime Darby.

Meanwhile, the actives included Proton, Compugates, DPS Resources, Sanichi and SYF Resources.



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KLCI falls 1.4% to close below 1,440-level

KUALA LUMPUR (Nov 21): The FBM KLCI fell below the 1,440-point level and extended its losses for the fifth day running on Monday, as global markets retreated, weighed by the uncertainties surrounding the world’s economy.

The 30-stock index fell 1.4% or 20.32 points to 1,434.08, dragged by key blue chips including Genting, MISC and index-linked PLANTATION [] stocks.

Market breadth was negative with losers thumping gainers by 661 to 176, while 194 counters traded unchanged. Volume was 1.42 billion shares valued at RM1.16 billion.

Regional markets extended their losses on growing worries over the health of the global economy, as Chinese Vice-Premier Wang Qishan warned on Monday that the global economy remains in a grim state.

Meanwhile, European stocks fell early on Monday, hitting a six-week low, as the expected failure of a U.S. congressional committee to agree on how to slash the deficit revived fears about the country's finances and rattled investors, according to Reuters.

At the Asian markets, Hong Kong’s Hang Seng Index fell 1.44% to 18,255.85, Taiwan’s Taiex lost 2.64% to 7,042.64, South Korea’s Kospi was down 1.04% to 1,820.03, Japan’s Nikkei 225 lost 0.32% to 8,348.27, the Shanghai Composite Index shed 0.06% to 2,415.13 and Singapore’s Straits Times Index fell 1.19% to 2,697.98.

On Bursa Malaysia, PPB was the top loser and fell 46 sen to RM16.06; Jaya Tiasa, KLK, MISC and Genting lost 38 sen each to RM6.10, RM20.70, RM6.07 and RM10.22, Fima Corp down 37 sen to RM5.73, GAB 30 sen to RM10.62, Tan Chong lost 24 sen to RM4.18, BLD Plantations 23 sen to RM6.73 while Hong Leong Bank shed 22 sen to RM10.32.

DPS Resources was the most actively traded counter with 49.3 million shares done. The stock fell 4.5 sen to 18 sen.

Other actives included Sumatec, Compugates, Tiger Synergym Flonic, Karambunai, Fastrak and Extol.

Among the gainers, Dutch Lady added 60 sen to RM23.40, KrisAssets rose 22 sen to RM4.60, Sarawak Oil Palms 21 sen to RM4.66, Panasonic 16 sen to RM19.96, CBIP and Tasek nine sen each to RM4.05 and RM8, while TSH Resources added eight sen to RM3.67.



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Asian markets mired in red over grim economic outlook

KUALA LUMPUR (Nov 21): Asian equity markets, including Bursa Malaysia, remained in negative territory on as Chinese Vice-Premier Wang Qishan warned on Monday that the global economy remains in a grim state.

Global markets have been on the retreat since last week as uncertainty remained over how euro zone leaders would respond to mounting funding difficulties for European banks.

At the mid-day break, the FBM KLCI was down 14.38 points to 1,440.02, weighed by losses at select blue chips.

Market breadth was negative with losers leading gainers by 582 to 110, while 194 counters traded unchanged. Volume was 707.77 million shares valued at RM491.99 million.

The ringgit fell 0.24% to 3.1727 versus the US dollar; crude palm oil futures for the third month delivery fell RM28 per tonne to RM3,220, crude oil slipped four cents per barrel to US$97.63 while gold shed US$1.05 an ounce to US$1,722.90.

Asian stocks fell as Wang’s warning, made at the annual U.S.-China Joint Commission on Commerce and Trade, or JCCT, in the southwest Chinese city of Chengdu, echoed his comments over the weekend that a long-term global recession was certain and China must focus on its domestic problems, according to Reuters.

Policymakers globally are expressing increasing alarm at the risks facing the world economy, mainly stemming from financial contagion in Europe. Several central banks, including those in the euro zone, Australia, Brazil and Indonesia, have cut official interest rates to support their economies, it said.

At the regional markets, Japan’s Nikkei 225 shed 0.23% to 8,355.43, Hong Kong’s Hang Seng Index lost 1.83% to 18,152.99, the Shanghai Composite Index was down 0.37% to 2,407.74, Taiwan’s Taiex lost 2.19% to 7,075.25, South Korea’s Kospi fell 1.37% to 1,814.02 and Singapore’s Straits Times Index was down 0.80% to 2,708.39.

On Bursa Malaysia, PPB fell 38 sen to RM16.14, KLK lost 36 sen to RM20.72, Nestle and Fima Corp 30 sen each to RM49.70 and RM5.80, GAB 28 sen to RM10.64, MISC 26 sen to RM6.19, Hong Leong Bank 24 sen to RM10.30, BLD PLANTATION []s 23 sen to RM6.73 while Panasonic and Petronas Gas fell 20 sen each to RM19.60 and RM13.02.

Compugates was the most actively traded counter with 33.1 million shares done. The stock was unchanged at 8 sen.

Other actives included Fastrak, Flonic, DPS Resources, Tiger, Karambunai, Sumatec, Extol, SYF Resources and Frontken.

Meanwhile, gainers included Harvest Court, DiGi, RHB Capital, KrisAssets, Sarawak Oil Palms, Glenealy and Dutch Lady.



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KLCI continues to fall for fifth day

KUALA LUMPUR (Nov 21): External economic uncertainties and tepid investor sentiment at global markets dragged the FBM KLCI lower for the fifth day running on Monday.

At 10am, the FBM KLCI fell 17.02 points to 1,437.38, weighed by losses at select blue chips.

Losers beat gainers by 394 to 79, while 168 counters traded unchanged. Volume was 354.53 million shares valued at RM186.79 million.

Asian shares fell on Monday as uncertainty remained over how euro zone leaders would respond to mounting funding difficulties for European banks, according to Reuters.

U.S. stock index futures opened lower on Sunday, with Dow Jones and S&P 500 futures briefly dropping more than 1 percent as the U.S. congressional deficit-reduction committee looked set to fail to bridge partisan differences over taxes and spending going into the 2012 elections, it said.

At the regional markets, Hong Kong’s Hang Seng Index lost 2.09% to 18,103.86, Taiwan’s Taiex fell 1.84% to 7,100.96, South Korea’s Kospi was down 1.43% to 1,812.82, Singapore’s Straits Times Index lost 0.99% to 2,703.26, the Shanghai Composite Index fell 0.40% to 2,406.82 while Japan’s Nikkei 225 shed 0.22% to 8,356.07.

Maybank Investment Bank Bhd head of retail research and chief chartist Lee Cheng Hooi in a note to clients Nov 21 said that although the tone of the global indices had improved, worries on high borrowing costs for the Italian and Spanish governments could eventually put those countries into a downward “Grecian-like” spiral.

As such, he advised investors to trade with a relevant index and stock level stop-loss.

“We particularly do not like the speculative penny stock plays, as these stocks generally do not have any fundamentals at all.

“Also, we do note some foreign selling on shares on stocks (like CIMB and Genting), and this might not bode well for the FBM KLCI and ringgit, too,” he said.

Among the losers on Bursa Malaysia at mid-morning, Nestle fell 50 sen to RM48.50, PPB down 42 sen to RM16.10, Panasonic down 40 sen to RM19.40, KLK 36 sen to RM20.72, MISC 29 sen to RM6.16, Hong Leong Bank 28 sen to RM10.26, Petronas Gas 22 sen to RM13, while Fima Corp, BAT and UMW fell 20 sen each to RM5.90, RM46.50 and RM6.23.

Compugates was the most actively traded counter with 30.7 million shares done. The stock gained half a sen to 8.5 sen.

Other actives included Fastrak, Flonic, DPS Resources, Tiger, Extol, Frontken, SYF Resources, Karambunai and Sanichi.

Gainers included Aturmaju, DiGi, Harvest Court, RHB Capital, MAHB, Glenealy, Ekovest and BRDB.



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KLCI ends lower for 4th day, below 1,460-level

KUALA LUMPUR (Nov 18): The FBM KLCI fell below the 1,460-point level on Friday, Nov 18 in line with the weaker sentiment at global markets, as contagion fears from the eurozone debt crisis kept investors on the sidelines.

Regional markets remained mired in the red as European shares fell in early trade on Friday, extending a decline from the previous session, on mounting worries that borrowing costs in several euro zone countries are at unsustainable levels, according to Reuters.

The FBM KLCI fell 11.07 points to 1,454.40, weighed by losses including at PPB, MISC and Public Bank.

Losers beat gainers by 588 to 197, while 258 counters traded unchanged. Volume was 1.46 billion shares valued at RM1.19 billion.

At the regional markets, Japan’s Nikkei 225 fell 1.23% to 8,374.91, the Shanghai Composite Index lost 1.89% to 2,416.56, Hong Kong’s Hang Seng Index was down 1.73% to 18,491.23, Taiwan’s Taiex lost 2.08% to 7,233.78, South Korea’s Kospi fell 2% to 1,839.17 and Singapore’s Straits Times shed 1.72% to 2,730.34.

On Bursa Malaysia, PPB was the too loser and fell 28 sen to RM16.52; MISC lost 24 sen to RM6.54, HLFG 22 sen to RM11.34, UMW 17 sen to RM6.43, Aeon Credit, Gamuda, AirAsia, Lafarge Malayan Cement and MMHE fell 15 sen each to RM5.50, RM3.11, RM3.65, RM6.60 and RM5.85 respectively, while Public Bank fell 14 sen to RM12.54.

Frontken was the most actively traded counter with 56.63 million shares traded. The stock fell one sen to 13 sen.

Other actives included Compugates, DPS Resources, Extol, SYF Resources, Karambunai, Tiger and SAAG.

Among the gainers, Nestle added 50 sen to RM50, BAT up 40 sen to RM46.70, Harvest Court 32 sen to RM1.36, Fima Corp 30 sen to RM6.10, Tradewinds 19 sen to RM9.22, BLD PLANTATION []s 16 sen to RM6.96 while Boxpak and DiGi added 14 sen each to RM1.34 and RM34.96.



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KLCI extends losses, Asian mkts mired in red

KUALA LUMPUR (Nov 18): Growing fears of deepening funding difficulties in Europe that has kept Asian equity markets for four days in a row sent the FBM KLCI lower at the mid-day break on Friday, Nov 18.

The FBM KLCI fell 2.84 points to 1,462.63 at 12.30pm, with losses at select blue chips as investors stayed on the sidelines ahead of the weekend.

Gainers trailed losers by 164 to 471, while 248 counters traded unchanged. Volume was 763.77 million shares valued at RM562.01 million.

The ringgit weakened 0.15% to 3.1630 versus the US dollar; crude palm oil futures for third month delivery rose RM16 per tonne to RM3,228, crude oil fell 27 cents per barrel to US$98.55 while gold added US$2.33 an ounce to US$1,724.10.

At the regional markets, South Korea’s Kospi fell 2.02% to 1,838.73, Hong Kong’s Hang Seng Index lost 1.81% to 18,476.24, Taiwan’s Taiex was down 1.67% to 7,264.65, the Shanghai Composite Index lost 1.35% to 2,429.86, Japan’s Nikkei 225 fell 1.25% to 8,373.52 and Singapore’s Straits Times Index shed 1.14% to 2,746.69.

On Bursa Malaysia, HLFG was the top loser this morning and fell 20 sen to RM11.36; Kluang, Ibraco, Public Bank, AIC and UMW lost 10 sen each to RM2.50, RM1.27, RM12.58, RM1.16 and RM6.50 respectively, Aeon Credit, MISC and TDM lost nine sen each to RM5.56, RM6.60 and RM3.27 respectively, while Edaran fell 8.5 sen to 31 sen.

Frontken was the most actively traded counter with 44.8 million shares done. The stock fell half a sen to 13.5 sen.

Other actives included Compugates, Extol, DPS Resources, SAAG, Envair and SYF Resources.

Among the gainers, BAT rose 32 sen to RM46.62, Fima Corp 30 sen to RM6.10, Tradewinds and Harvest Court 16 sen each to RM9.19 and RM1.20, Tradewinds PLANTATION []s 14 sen to RM3.74, DiGi 12 sen to RM34.94, Ewein 9.5 sen to RM1.06, Ekovest nine sen to RM2.70 while KrisAssets added eight sen to RM4.38.



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Late buying nudges KLCI up nearly 8pts

KUALA LUMPUR: Late fund buying of selected key stocks nudged the FBM KLCI to a strong close on Tuesday, Oct 25 after a lacklustre trading performance throughout the day.

The KLCI closed up 7.78 points or 0.54% to 1,457.80 after spending half the day in the red. Volume traded was 850.64 million shares valued at RM1.076 billion. The broader market sentiment improved, with 299 gainers versus 373 losers and 289 counters unchanged.

Shanghai's Composite Index closed up 1.66% at 2,409.67 led by financials and energy counters. Hong Kong's Hang Seng rose 1.05% to 18,968.20 and Singapore's Straits Index 0.33% to 2,769.94.

However, South Korea’s Kospi fell 0.51%to 1,888.65 and Japan's Nikkei 225 fell 0.92% to 8,762.31 as some Japanese market players were sceptical on whether European policymakers were doing enough to contain the debt crisis.

Reuters reported investors were cautious as fresh political uncertainties a day ahead of the eurozone leaders meeting to resolve the region’s two year old debt crisis.

At Bursa Malaysia, Malaysia Airports Holdings Bhd’s strong 3Q11 results saw the share price climb 33 sen to RM5.88.

Other index-linked stocks which closed higher were Sime Darby, up 21 sen to RM8.85, Tenaga Nasional 19 sen to RM5.78 and Malaysia Marine and Heavy Engineering 14 sen to RM6.08.

Meanwhile, crude palm oil futures for January rose RM61 or 2.1% to RM2,951 a tonne, the highest since Sept 26. IOI Corp rose seven sen to RM5.10,

KLK rose four sen to RM20.62 but KLK’s major shareholder Batu Kawan lost 18 sen to RM15.32.

The worst performer was TAHPS, down 40 sen to RM4.10, Fima Corp 18 sen to RM5.55, MFlour 15 sen to RM7.15 and Yahorng 12 sen to 50 sen.