KLCI stays above 1,590-level at mid-day break

KUALA LUMPUR (March 30): the FBM KLCI stayed above the 1,590-point level at the mid-day break on Friday, lifted by blue chips including Maybank, CIMB, Petronas gas and KLK.

Meanwhile, Asian shares steadied on Friday as the region's benchmark indices marked their best first quarter in over 20 years and investors awaited a meeting on a possible euro zone firewall and Chinese data that may dictate market trends in coming months.

The FBM KLCI rose 6.44 points to 1,591.88 at the mid-day break.

Gainers trailed losers by 268 to 317, while 354 counters traded unchanged. Volume was 563.26 million shares valued at RM612.26 million.

The ringgit was unchanged at 3.0683 versus the US dollar; crude palm oil futures for the third month delivery fell RM26 per tonne to RM3,430, crudd oil added 62 cents per barrel top US$103.40 while godl shed 45 cents an ounce to US$1660.13.

On Bursa Malaysia, KLK added 42 sen to RM24.56, Takaful up 25 sen to RM3.37, Carlsberg 18 sen to RM10.38, Batu Kawan 14 sen to RM18.74, SEGi 11 sen to RM1.83, Petronas Gss 10 sen to RM16.84, Maybank nine sen to RM8.89, CIMB seven sen to RM7.67 and Ibraco eight sen to RM1.29.

Carotech was the most actively traded counter with 812.94 million shares done. The stiock fell 2.5 sen to 2.5 sen.

Other actives included Metronic, Focus, Key West, Tiger Synergy, SuperComnet, Ariantec, IFCA MSC and CIMB.

Decliners included Dutch Lady, genting, PPB, Shangri-La, TDM, Delloyd, Rapid, HELP, Kluang and Teo Seng.



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Blue chips close slightly lower, Tenaga, MMHE weigh

KUALA LUMPUR (Jan 18): Blue chips closed slightly lower on Wednesday, weighed down by declines in heavyweights Tenaga and MMHE but the broader market was mixed, with strong trading interest in small caps and penny stocks.

At 5pm, the FBM KLCI was down 1.98 points to 1,517.38. Turnover was 1.49 billion shares valued at RM1.60 billion. There were 368 gainers, 364 losers and 359 stocks unchanged.

Among key regional markets, Japan’s Nikkei 225 rose 0.99% to 8,550.58, Hong Kong’s Hang Seng Index added 0.30% at 19,686.92 but South Korea’s Kospi shed 0.02% to 1,892.39 and Singapore’s Straits Times Index fell 0.79% to 2,793.53.

European markets were in the red as investors were worried about Greek bond talks and government debt sales, a day after economic data had raised hopes the global economy wouldn't slowdown as much as feared.

Reuters reported international creditors are set to meet the Greek government to resume the talks that broke down last week over the interest rate Greece will offer on new bonds and a plan to enforce investor losses. A deal with the private sector is vital to cash-strapped Athens if it is to avoid going bankrupt when 14.5 billion euros ($18.5 billion) of bond redemptions fall due in late March.

At Bursa Malaysia, the KLCI was trading between 1,513 and 1,519 and managed to close off its intra-day low of 1,513.

A fund manager said the markets had priced in the eurozone crisis and he expected to see more upside for the markets, albeit intermittent swings in trading conditions depending on the newsflow.

At Bursa Malaysia, he said there was some profit taking ahead of the Chinese New Year next week, especially on stocks which had run-up recently. He expected the market to hold steady at the current levels.

Among the heavyweights, Tenaga fell 13 sen to RM6.10 after reporting net losses in the first quarter ended Nov 30, 2011. MMHE shed 12 sen to RM5.32 on concerns about the uncertainties about its projects and delays.

Petronas Dagangan and Petronas Gas fell 10 sen each to RM17.40 and RM15.28.

EUPE was the top loser, down 14.5 sen to 48.5 sen, Ibraco 14 sen lower at RM1.30 and Ireka 12.5 sen to 66.5 sen in thin trade.

Poultry stock DBE was the most active with 138.96 million shares done, adding two sen to 11 sen while its warrants rose 1.5 sen to 6.5 sen.

BIMB, seen as the only Syriah-compliant banking stock, jumped 22 sen to RM2.24 in heavy trade with 10.21 million units done. BIMB-CB added 1.5 sen to 9.0 sen and BIMB-CC six sen to 17.5 sen. The two warrants accounted for 100 million units transacted.



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KLCI pares down losses at mid-day

KUALA LUMPUR (Jan 18): The FBM KLCI pared down some of its losses at the mid-day break on Wednesday as key regional markets steadied on favourable economic data from China a day earlier.

However, cautioned reigned as focus returned to Europe with Portugal testing investor confidence in a debt sale and Greece resuming talks on its debt restructuring.

The FBM KLCI shed 0.14 of a point to 1,519.22 at the mid-day break on Wednesday. It had earlier fallen to its intra-morning low of 1,514.39.

Gainers trailed losers by 288 to 316, while 316 counters traded unchanged. Volume was 733.89 million shares valued at RM584.19 million.

The ringgit strengthened 0.25% to 3,1175 versus the US dollar; crude palm oil futures for the third month delivery fell RM8 per tonne to RM3,156, crude oil added 62 cents per barrel to US$101.33 while gold gained US$1.97 an ounce to US$1,654.02.

At the regional markets, Japan’s Nikkei 225 rose 1.42% to 8,586.73, Hong Kong’s Hang Seng Index gained 0.30% to 19,685.80, South Korea’s Kospi was up 0.29% to 1,898.18, Taiwan’s Taiex rose 0.20% to 7,235.27 and Singapore’s Straits Times Index gained 0.19% to 2,821.27.

Meanwhile, the Shanghai Composite Index fell 0.33% to 2,290.81.

On Bursa Malaysia, Eupe fell 14.5 sen to 48.5 sen, Ibraco and MMHE lost 14 sen each to RM1.30 and RM5.30, Ireka lost 13 sen to 66 sen, Petronas Gas 12 sen to RM15.26, Tenaga 11 sen to RM6.12, Metrod 10 sen to RM2, Perduren down 7.5 sen to 75 sen, while Fututec and Maybank fell seven sen each to 72 sen and RM8.22.

Among the gainers, GAB added 40 sen to RM12.20, KLK 24 sen to RM24.88, Far East 20 sen to RM7.20, MPHB 14 sen to RM2.86, Sungei Bagan and Petronas Chemicals up 12 sen each to RM2.94 and RM6.63, Degem 10.5 sen to RM1.05, while Batu Kawan and BAT added 10 sen each to RM18.66 and RM49.90.

DBE Gurney was the most actively traded counter with 70.3 million shares done. The stock gained one sen to 10 sen.

Other actives included Compugates, Wijaya, XDL, E&O, BIMB and MPHB.



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China data lifts Asian markets, KLCI stages firm rebound

KUALA LUMPUR (Jan 17): The FBM KLCI staged a firm rebound on Tuesday as Asian markets mostly rose after data suggested the world's second-largest economy grew faster than expected in the last quarter of 2011 with a year-on-year growth of 8.9%.

The FBM KLCI rose 10.30 points to close at 1,519.36, lifted by select blue chips.

Gainers led losers by 433 to 330, while 305 counters traded unchanged. Volume was 1.44 billion shares valued at RM1.79 billion.

At the regional markets, the Shanghai Composite Index jumped 4.18% to 2,298.38, Hong Kong’s Hang Seng Index rose 3.24% to 19,627.75, South Korea’s Kospi was up 1.8% to 1,892.74, Taiwan’s Taiex added 1.65% to 7,221.08, Japan’s Nikkei 225 gained 1.05% to 8,466.40 and Singapore’s Straits Times Index gained 2.2% to 2,815.85.

On Bursa Malaysia, BAT was the top gainer and added 50 sen to RM49.80; Genting rose 44 sen to RM11, Dutch Lady 40 sen to RM25.90, Petronas Dagangan 28 sen to RM17.50, KLK 26 sen to RM24.64, Ibraco 21 sen to RM1.44, Ireka 18 sen to 79 sen and Genting PLANTATION []s 16 sen to RM9.10.

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 rose 23 sen to RM5.41 with 57.5 million shares done. Meanwhile, DRB-Hicom fell seven sen to RM2.10.

Other actives included Maybulk, Compugates, E&O, RedTone, CIMB and DRB-Hicom.

Losers included Tradewinds, GUH, Fiamma, PacificMas seven sen to RM3.48, while Kawan Food and Lysaght lost six sen each to 87 sen and RM1.64.



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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.



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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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Ibraco rises most in a week

Ibraco Bhd, a Malaysian property and construction group, rose the most in a week in Kuala Lumpur trading after saying it will acquire land in Sarawak state for RM41.6 million for a property development project. The stock gained 2.3 per cent to RM1.35 at 9:42 a.m. local time, set for its steepest increase since Nov. 8. -- Bloomberg



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