KLCI pares down losses at mid-day break, edges above 1,580-level

KUALA LUMPUR (April 24): The FBM KLCI pared down some of its earlier losses at the mid-day break on Tuesday and moved above the crucial 1,580-point level.

Meanwhile, Asian shares inched up on Tuesday but gains were limited as political uncertainty and disappointing data in Europe raised fears the euro zone could struggle to push through austerity measures and may stay in recession until late in the year, according to Reuters.

A weaker-than-expected reading of consumer inflation in Australia, a day after a weaker producer prices report, set the scene for an local rate cut next week and bolstered local shares up 0.4 percent from a flat early trade, it said.

The FBM KLCI was down 3.11 points to 1,580.69, weighed by losses at select blue chips including Petronas Dagangan, Genting and CIMB. The index had earlier fallen to its intra-morning low of 1,579.04.

Loser ebeat gainers by 379 to 191, while 314 counters traded unchanged. Volume was 727.97 million shares valued at RM608.87 million.

The ringgit weakened 0.009% to 3.0695 versus the greenback, crude palm oil futures for the third month delivery fell RM20 per tonne to RM3,455, crude oil shed 14 cents pare barrel to US$102.97 and gold lost US$2.15 an ounce to US$1,636.68.

At the regional markets, Japan’s Nikkei 225 fell 0.90% to 9,456.13, Hong Kong’s Hang Seng Index was down 0.32% to 20,559.10, the Shanghai Composite Index fell 1.4% to 2,355.17, Taiwan’s Taiex fell 0.23% to 7,464.14, South Korea’s Kospi was down 0.74% to 1,958.04 and Singapore’s Straits Times Index lost 0.34% to 2,972.53.

On Bursa Malaysia, SAM Engineering was the top loser and fell 29 sen to RM3.26, Petronas Dagangan down 24 sen to RM19.30, Jaya Tiasa 14 sen to RM9.62, S P Setia shed 13 sen to RM3.71, Hong Leong Bank 12 sen to RM12.30, while Dutch Lady, Carlsberg, AirAsia, Genting and CIMB fell eight sen each to RM35, RM11.42, RM3.40, RM10.54 and RM7.42 respectively.

Ingenuity Solutions was the most actively trade counter with 732 million shares done. The stock was unchanged at 9.5 sen.

Other actives included Ariantec, TMS, Focus, JCY, Ramunia, Metronic, Sanichi and CSL.

Meanwhile, the gainers in the morning session included Aeon Credit, United PLANTATION []s, Aeon, UMW, Quality Concrete, SapuraCrest, Fiamma, PacifiMas and KrisAssets.



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 eases on fundamental and technical weakness

KUALA LUMPUR (April 24) : Malaysian shares recoup losses, albeit, still in the red on Tuesday morning on weaker fundamental and technical indicators.

Analysts said the near-term outlook for the FBM KLCI is less optimistic after taking into account weaker economic data from the US, China and Europe. In Malaysia, pre-election sentiment has also not helped the local equities benchmark, they said.

“Coupled with overnight losses on Wall Street and Europe markets, and a possible massive Bersih 3.0 rally on April 28, KLCI is likely to face further sell down in the next few days,” Hong Leong Investment Bank Bhd wrote in a note.

At 10am, the FBM KLCI fell 2.86 points to 1,580.94. Across the exchange, some 383 million shares worth RM206 million were traded, leading to 51 gainers versus 204 decliners.

Top gainers United PLANTATION []s Bhd added 50 sen to RM26 while Aeon Co (M) Bhd was up 48 sen to RM9.68.

Among decliners, PETRONAS DAGANGAN BHD [] fell 42 sen to RM19.12 while PETRONAS GAS BHD [] was down 10 sen to RM16.80.

Most active was INGENUITY SOLUTIONS BHD [] which added 0.5 sen to 10 sen with some 46 million shares done.

Among Asian bourses, Japan’s Nikkei 225 fell 0.7% to 9,474.91 points, South Korea’s Kospi was down 0.4% to 1,964.79, while Australia’s S&P/ ASX 200 rose 0.31% to 4,366.1.



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 closes lower in tandem with regional markets

KUALA LUMPUR (APRIL 17: The FBM KLCI fell on Monday, in tandem with its regional peers, as investors spooked by re-emerging worries over the European sovereign debt crisis sold down riskier assets.

The FBM KLCI fell 5.6 points to close lower at 1,597.51 on Monday.

Market breadth was negative with 428 losers, 272 gainers whiel 320 counters traded unchanged. Volume was 1.05 billion shares valued at RM 1.26 billion.

Asian shares and the euro fell on Monday as a surge in Spanish government bond yields renewed concerns about Europe's sovereign debt crisis and undermined investor appetite for riskier assets, according to Reuters.

At the regional markets, Hong Kong’s Hang Seng Index fell 0.44% to 20,610.64, Japan’s Nikkei 225 lost 1.74% to 9,470.64, South Korea’s Kospi fell 0.81% to 1,992.63, Taiwan’s Taiex lost 0.75% to 7,729.86 while, Singapore’s Straits Times Index edged up 0.14% to 2,992.12.

Among the decliners on Monday, Dutch Lady fell 42 sen to RM35.16, United PLANTATION []s down 38 sen to RM24.62, The Store fell 24 sen to RM2.25, Aeon 19 sen to RM9.61, Hibiscus 17 sen to RM1.93, Amway 14 sen to RM9.84, Genting, BAT and Shell lost 12 sen each to RM10.92, RM54.68 and RM10.16 respectively.

Ingenuity Solutions was the most actively traded counter with 59.4 million shares done. The stock fell half a sen to 9.5 sen.

Other actives included Ariantec, Naim Indah Corp, Metronic, CSL, AWC, DVM and SuperComNet.

Gainers included Jaya Tiasa, Tasek, Warisan, PMB Tech, Subur Tiasa, Ta Ann, Iterex, Ekovest and Hong Leong Industries.



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 break

KUALA LUMPUR (APRIL 16): The FBM KLCI pared down some of its losses at the mid-day break on Monday showing some resilience compared to its regional peers, as renewed worries about the euro zone debt crisis took a toll on investor sentiment at global markets.

The FBM KLCI fell 3.35 points to 1,599.77 at the mid-day break. The index had earlier fallen to its intra-morning low of 1,594.63.

Market breadth was weaker, with losers beating gainers by 372 to 198, while 304 counters traded unchanged. Volume was 509.4 million shares valued at RM430.95 million.

The ringgit weakened 0.55% to 3.0741 versus the greenback, crude palm oil futures for the third month delivery slipped RM10 per tonne to RM3,487, crude oil shed 76 cents per barrel to US$102.07, while gold fell US$8.75 an ounce to US$1,649.40.

Asian shares and the euro fell on Monday as a surge in Spanish government bond yields renewed concerns about the euro zone's sovereign debt crisis and undermined investor appetite for riskier assets, according to Reuters.

Spain's government bond yields jumped on Friday and the cost of insuring its debt against default hit an all-time peak as record borrowing by its banks from the European Central Bank highlighted fears about the country's finances.

At the regional markets, Japan’s Nikkei 225 fell 1.4% to 9,502.61, Hong Kong’s Hang Seng Index lost 0.69% to 20,559.00, the Shanghai Composite Index was down 0.22% to 2,353.99, Taiwan’s Taiex lost 0.77% to 7,728.06, South Korea’s Kopsi fell 0.96% to 1,989.55 and singapore’s Straits Times Index edged up 0.03% to 2,988.83.

BIMB Securities Research in a note Monday said traders were now renewing their focus on Spain’s financial position and China’s economic slowdown as the main excuses to sell down equities.

As a result, it said the Dow Jones Industrial Average fell 137 points to below the 13,000 level despite the better than expected batch of earnings from corporate USA.

The research house said European bourses wobbled across the board from Spain’s mounting debts as its 10-year treasury yield jumped to 5.98% (+0.16).

Asian equities fared better as most ended the week higher obviously before the profit takings both in the US and Europe.

“We view China’s decision to expand their trading band for its Yuan as positive showing that its economy is resilient and is able to withstand the vagaries of its currency.

“Locally, the FBM KLCI added a mere 1.85 points to 1,603 signaling that the market may be due for a consolidation and may be expedited from the weaknesses in both the US and Eurozone. We expect the index may severely test the 1,600 mark after which 1,595 would be the next support level,” it said.

ON Bursa Malaysia, Dutch Lady was the top loser and fell 30 sen to RM35.28, Amway and BAT lost 18 sen each to RM9.80 and RM54.62, HLFG doen 10 sen to RM12.34, while, Sungei Bagan, CCK, Shell, Hong Leong bank and Petronas Dagangan fell eight sen each to RM2.90, 91 sen, RM10.20, RM12.48 and RM18.72 respectively.

Ingenuity Solutions was the most actively traded counter with 51.59 million shares done. The stock was down half a sen to 9.5 sen.

Other actives included Naim Indah Corp, AWC, Ariantec, CSL, Sinotop, Hibiscus and Metronic.

Gainers included Jaya Tiasa, Tasek, Ta Ann, Subur Tiasa, BLD PLANTATION []s, Hong Leong Industries and Tradewinds Plantations.



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.

Global economic concerns weigh on KLCI

KUALA LUMPUR (April 16) : Malaysian stocks fell on Monday morning in tandem with regional peers following a weaker close across US markets last Friday. Global equities were hit by fresh concerns on the European debt crisis besides news that China’s first quarter economic growth came in below street forecast.

Analysts foresee a correction in the FBM KLCI this week against a backdrop of weak technical indicators and still-volatile global landscape.

“Moreover, weaker-than-expected economic numbers from the US due to weak jobs growth in March, drop in consumer confidence and more than forecast jobless claims does not augur well for growth in the world's largest economy, hence, increasing correction potential.

“Additional worries in Asia after China's economy expanded by 8.1% in the first quarter, the slowest pace since 2009, could exert further downward pressure for the local market this week,” TA Securities Holdings Bhd wrote in note.

At 10am, the FBM KLCI fell 4.89 points to 1,598.23. Across the exchange, some 184 million shares worth RM109 million were traded, leading to 163 gainers versus 237 decliners.

Among top gainers JAYA TIASA HOLDINGS BHD [] added 60 sen to RM9.68 while TA ANN HOLDINGS BHD [] was up 13 sen to RM6.69.

Decliners HONG LEONG FINANCIAL GROUP BHD [] fell 20 sen to RM12.24 while DUTCH LADY MILK INDUSTRIES BHD [] was down 18 sen to RM 35.40

Most active was INGENUITY SOLUTIONS BHD [] which traded unchanged at 10 sen with some 23 million shares done.

Among Asian bourses, Japan’s Nikkei 225 fell 1.44% to 9,499.33 points while Australia’s S&P/ ASX 200 declined 0.61% to 4,296.9. South Korea’s Kospi was down 1.14% to 1,985.98.



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 still above 1,600 at close

KUALA LUMPUR (April 13): Malaysian stocks exhibited resilience on Friday, with a brief encounter in the red before rising to close in positive territory on the final trading day of the week.

Gains in the FBM KLCI were in tandem with global markets, following positive updates that Italian government bonds have seen better-than-expected demand, although China's first quarter economic growth of 8.1% came in below street estimates.

At 5pm, the FBM KLCI added 1.85 points to close at 1,603.12. Across the exchange, 1.35 billion shares worth RM1.66 billion were traded, leading to 400 gainers versus 325 decliners.

Top gainer Sam Engineering & Equipment (M) Bhd rose 62 sen to RM2.69, while Hibiscus Petroleum Bhd added 41 sen to RM2.10.

Decliners included COUNTRY VIEW BHD [], which fell 31 sen to 73 sen, while Tradewinds PLANTATION [] Bhd was down 21 sen to RM5.69.

Among actively-traded stocks, INGENUITY SOLUTIONS BHD [] added one sen to 10 sen, with some 105 million shares done.

Across Asian bourses, Japan's Nikkei 225 rose 1.19% to close at 9,637.99 points while Australia's S&P/ASX 200 added 1% to 4,323.31. Hong Kong's Hang Seng added 1.84% to 20,701 points, while the Shanghai Composite Index added 0.35% to 2,359.16.



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 erases gains, up 2.3pts at midday

KUALA LUMPUR (April 13): The Malaysian equities barometer erased earlier gains, but still managed to settle in positive territory towards the Friday lunch break.

Gains in the FBM KLCI were in tandem with global markets, which found support from updates that Italian government bonds have seen better than expected demand, although China's first quarter economic growth of 8.1% came in below street estimates.

In technical terms, analysts said dynamics of the FBM KLCI are still weak. In a note on Friday, Kenanga Investment Bank Bhd said that although the index had breached the 1,600-point level, technical dynamics of the index are still deemed weak unless the gauge trades above the all-time high of 1,609.33.

This could result in an uptrend resumption for the FBM KLCI, according to Kenanga.

At 12.30pm, the FBM KLCI added 2.3 points to 1,603.57. Across the exchange, some 653 million shares worth RM612 million were traded, leading to 331 gainers versus 277 decliners.

Top gainer Sam Engineering & Equipment (M) Bhd rose 58 sen to RM2.65, while GUINNESS ANCHOR BHD [] was up 36 sen to RM13.

Decliner Tradewinds PLANTATION [] Bhd fell 21 sen to RM5.69, while KLUANG RUBBER CO (M) BHD [] was down 10 sen to RM2.80.

Most active was INGENUITY SOLUTIONS BHD [], which added one sen to 10 sen with some 100 million shares done.

Among Asian bourses, Japan's Nikkei 225 rose 1.41% to 9,658.66 points, while Australia's S&P/ASX 200 added 0.8% to 4,314.7. The Shanghai Composite was up 0.18% 2,355.14.



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 gains on European debt sale and China outlook

KUALA LUMPUR (April 13) : Malaysian shares gained on Friday morning in tandem with Asian markets following overnight gains across US equity markets.

Global markets had found support from updates that Italian government bonds had seen better than expected demand, apart from the anticipation of China’s first quarter gross domestic product numbers on Friday. Analysts said overnight gains across US stock markets is expected lend to support to Asian equities.

“Back home, the benchmark FBM KLCI will probably show an extended upward bias following a cumulative two-day gain of 10 points. The immediate resistance barrier for the bellwether is currently seen at 1,610,” HwangDBS Vickers Research Sdn Bhd wrote in a note.

At 10am, the FBM KLCI added 2.12 points to 1,603.39. Across the exchange, some 300 million shares worth RM145 million were traded, leading to 262 gainers versus 122 decliners.

Top gainers JAYA TIASA HOLDINGS BHD [] added three sen to RM9.29 while AMWAY (M) HOLDINGS BHD [] was up 24 sen to RM10.

Decliners SARAWAK OIL PALMS BHD [] fell 27 sen to RM6.61 while TRADEWINDS (M) BHD [] was down 10 sen to RM10.10

Most active was INGENUITY SOLUTIONS BHD [] which added one sen to 10 sen with some 73 million shares done.

Among Asian bourses, Japan’s Nikkei 225 rose 1.64% to 9,680.85 points while Australia’s S&P/ ASX 200 added 1.03% to 4,324.6. South Korea’s Kospi was up 1.2% to 2,010.49.



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 stays above 1,600-level at mid-day break

KUALA LUMPUR (April 3): The FBM KLCI stayed above the 1,600-level at the mid-day break on Tuesday, in line with the generally overall positive sentiment at key regional markets.

Asian shares rose on Tuesday on the back of strong gains in global equities overnight, after solid manufacturing data from the United States, and as leading Asian exporters offset signs of mild recession in Europe, according to Reuters.

The stronger-than-expected U.S. factory data pushed U.S. stocks to four-year highs, while European shares recorded their biggest daily gain in three weeks despite sluggish factory activity in the euro zone, it said.

The FBM KLCI rose 3.55 points to 1,607.33 at the mid-day break.

Gainers trailed losers by 323 to 294, while 319 counters trade unchanged. Volume was 591.10 million shares valued at RM55.31 million.

The ringgit strengthened 0.27% to 3,0463 versus US dollar; crude palm oil futures for the third month delivery gained RM27 per tonne to RM3,528, crude oil slipped 34 cents per barrel tp US$104.89 and godl rose US$2.15 an ounce to US$1,679.82.

At the regional markets, Hong Kong’s hamng Seng Idnex rose 0.48% to 20,621.40, the Shanghai Composite Index addd 0.47% to 2,262.79, Taiwan’s Taiex rose 1.65% to 7,733.08, South Korea’s Kosp added 0.85% to 2,046.58, whiel Japan’s Nikkei 225 fell 0.60% to 10,048.70 and Singapore’s Straits Times edged down 0.10% to 3,013.18.

Maybank Investment Bank Bhd research maintained its year-end KLCI target of 1,565 points, based on 13.3 times one-year forward earnings.

In a staretegy report released April 3, Maybank IB Research said while external conditions had improved and global financial markets continue to receive liquidity support, Malaysia was not out of the woods yet as the eurozone debt crisis had yet to fully play out, and there were still downside risks to the global economy.

“On the domestic front, an early 13th General Election (13GE), to be followed by the UMNO party elections this year-end, may lend to cautiousness in trading over the next few months,” it said.

On Bursa Malaysia, Dutch lady was the top gainer in the morning session on Tuesday and rose 52 sen top RM36.02, BAT added 42 sen to RM56.48, Carlsberg up 28 sen to RM10.74, Guan Chong 13 sen to RM2.82, United Malacca, Voir and Sarawak Planatations up 12 sen each to RM7.52, 66 sen and RM3.21 rspectively, while Jaya Tiasa and Nestle rose 11 sen each to RM8.63 and RM56.

Ingenuity Solutions was the most actively traded counter with 85.15 million shares done. The stock fell half a sen to 10 sen.

Other actives included Metronic, Naim Indah Corp, SuperComnet, Hubline, Araintec, Carotech, CIMB and Karambunai.

Decliners included Tahps, Genting PLANTATION []s, Cepco, United Plantations, SMPC, PPB, Petronas Dagangan and Can One.



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.

FBM KLCI closes at all-time high of 1,603.78 points

KUALA LUMPUR (Apr 2): The FBM KLCI erased earlier losses to finish 0.5% or 7.45 points higher at an all-time high of 1,603.78 points on Monday, as sentiments improve ahead of the country's impending general election.

Analysts said technical trading patterns have improved, as investors anticipate the announcement of government projects and other positive updates from policymakers ahead of the election; hence, the anticipation that the gauge could trade higher over the medium and long term.

According to RHB Research Institute Sdn Bhd, the FBM KLCI has the potential to reach fresh highs of between 1,663 and 1,704 points, as buying momentum improves.

"Technically, the gap-up in the index last week and the recent change in the short-term outlook to positive (from negative previously) suggest that the index is resuming its uptrend after a three-week consolidation," RHB wrote in a note on Monday.

The equities barometer had earlier fallen as much as 6.06 points, to an intraday low of 1,590.27 at 9.51am.

Across the local exchange, 1.44 billion shares worth RM1.4 billion changed hands, resulting in 400 gainers and 353 declining stocks, while 324 entities were unchanged.

Top gainer DUTCH LADY MILK INDUSTRIES BHD [] rose RM1.24 sen to close at RM35.50, followed by SMPC Corp Bhd, which was up 35 sen to RM2.20.

Decliners included BRITISH AMERICAN TOBACCO (M) [] Bhd, which fell 56 sen to RM56.06, while MALPAC HOLDINGS BHD [] was down 15 sen to RM1.50.

Most active was INGENUITY SOLUTIONS BHD [], which traded unchanged at 10.5 sen with some 233 million shares done.

Across Asian indices on Monday, Japan's Nikkei 225 rose 0.26% to 10,109.8 points, South Korea's Kospi climbed 0.76% to 2,029.29 while Australia's S&P/ASX 200 was down 0.14% to 4,329.27.

Asian markets had found support from better manufacturing updates in China over the weekend. The world's second largest economy's Purchasing Managers' Index, a barometer of the country's manufacturing activity, had risen to 53.1 in March this year, the highest in about a year, according to the National Bureau of Statistics.



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.

FBM KLCI trades at all-time intraday high 1,599 points

KUALA LUMPUR (April 2) : The FBM KLCI traded at an all-time intraday high of 1,599.25 points in volatile trade at Monday noon as the index sank into the red before erasing losses to settle in positive territory at lunch break. Analysts said the outlook for the FBM KLCI is still deemed uncertain in April after taking into account technical and fundamental dynamics.

OSK Research Sdn Bhd said in technical terms, the index could see more upside as the gauge has been a laggard versus regional peers, apart from the fact that the FBM KLCI has breached a crucial resistance level.

“On the other hand, as news on Europe is again turning less positive, more profit taking could emerge in April,” OSK wrote in a note on Monday.

At 12.30pm, the FBM KLCI was up 1.88 points to settle lower at1,598.21. Some 735 million shares worth RM543.63 million changed hands, resulting in 263 gainers and 347 declining stocks while 238 entities were unchanged.

The equities barometer had earlier fallen as much as 6.06 points to 1,590.27 at 9.51am.

Top gainers DUTCH LADY MILK INDUSTRIES BHD [] rose 90 sen to RM35.16 followed by SMPC Corp Bhd which was up 43 sen to RM2.28.

Decliners include BRITISH AMERICAN TOBACCO (M) [] Bhd which fell RM1.24 to RM55.38 while PPB GROUP BHD [] was down 26 sen to RM16.64

Most active was INGENUITY SOLUTIONS BHD [] which added one sen to 11.5 sen with some 151 million shares done.

Asian markets found support from better manufacturing updates in China over the weekend. The world’s second largest economy’s purchasing managers' index, a barometer of the country’s manufacturing activity, had risen to 53.1 in March this year, the highest in about a year, according to the National Bureau of Statistics.

Across Asian indices on Monday, Japan’s Nikkei 225 rose 0.6% to 10,144.3 points, Australia’s S&P / ASX 200 climbed 0.3% to 4,348.4, although Hong Kong’s Hang Seng was down 0.4% 20,472.4.



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.

FBM KLCI up on China economic data

KUALA LUMPUR (April 2 ) : Malaysian stocks opened in the red on Monday morning before rebounding to positive territory in tandem with gains across Asian markets. Regional stocks had found support from better manufacturing updates in China over the weekend.

Analysts said Malaysia’s FBM KLCI is showing positive technical dynamics, hence, potential upside for the 30-stock index this week. But they also warned of profit-taking activities which could stifle gains in the equities gauge.

“However, given the weak follow through buying momentum on the broader market, selling on strength may increase to limit upside potential, with the two-tier market to persist as lower liners stay in profit-taking congestion while blue chips could likely dip on profit-taking post first-quarter window-dressing,” TA Securities Holdings Bhd wrote in a note.

At 9.28am, the FBM KLCI was up 0.99 point to 1,597.32. Some 195 million shares worth RM78 million changed hands, resulting in 150 gainers and 104 declining stocks while 153 entities were unchanged.

Top gainers DUTCH LADY MILK INDUSTRIES BHD [] rose 14 sen to RM34.40 followed by ALLIANCE FINANCIAL GROUP BHD [] which was up 13 sen to RM4.02.

Decliners include COCOALAND HOLDINGS BHD [] which fell 25 sen to RM2.05 while BRIGHT PACKAGING INDUSTRY BHD [] was down 14.5 sen to 61 sen.

Most active was INGENUITY SOLUTIONS BHD [] which added 2.5 sen to 13 sen with some 35 million shares done.

Across Asia, Japan’s Nikkei 225 rose 0.85% to 10,169.2 points, Australia’s S&P / ASX 200 climbed 0.71% to 4,366.1, while South Korea’s Kospi was up 0.35% to 2,020.99.

China’s Purchasing Managers' Index, a barometer of the country’s manufacturing activity, had risen to 53.1 in March this year, the highest in about a year, according to the National Bureau of Statistics.



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 stays in the black at mid-day break, Asian markets mostly in the red

KUALA LUMPUR (March 23): The FBM KLCI edged up 1.32 points to 1,584.56 at the mid-day break on Friday, lifted by gains including at Genting, Hong Leong Bank, KL Kepong and Petronas Gas.

Gainers trailed losers by 198 to 434, while 326 counters traded unchanged. Volume was 1.27 billion shares valued at RM614.23 million.

Asian shares fell on Friday and growth-linked currencies such as the Australian dollar were shunned after data showing shrinking factory activity in China and the euro zone heightened concerns about a slowdown in the global economy, according to Reuters.

At the regional markets, Japan’s Nikkei 225 fell 1.03% to 10,022.80, Hong Kong’s Hang Seng Index fell 0.96% to 20,701.50, the Shanghai Composite Index lost 0.68% to 2,359.57, Taiwan’ Taiex fell 0.15% to 8,047.84 and South Korea’s Kospi shed 0.02% to 2,025.65, while Singapore’s Straits Times Index was up 0.40% to 2,991.25.

On Bursa Malaysia, Jaya Tiasa rose 65 sen to RM8.34, BAT up 50 sen to RM53.80, Genting added 22 sen to RM10.98, Lipo rose 16 sen to RM1.20, Hong Leong Bank 12 sen to RM12.20, Dutch lady 10 sen to RM30.70, UMW and Subur Tiasa up nine sen each to RM7.22 and RM2.58, whiel KLK and Petronas Gas added eight sen each to RM23.90 and RM16.60.

Ingenuity Solutions was the most actively traded counter with 118.6 million shares done. The stock fell one sen to 12 sen.

Other actives included SAAG, Ariantec, Trinity, Metronic, Flonic, Astral Supreme, and Utopia.

Decliners in the morning session included Ta Win Holdings, QSR shares and warrants, Media Prima, Knusford, Coastal Contracts, SapuraCrest, KAf, Kein Hin and Deleum.



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.

Stocks to watch: Ingenuity, Glomac, Jaya Tiasa, S P Setia. Malaysia AE Models, Lipo

KUALA LUMPUR (March 23) : The resilience of Malaysian stocks will be keenly watched on Friday as investors weigh the impact of weaker global macro updates against the effects of pre-election sentiment in the country.

Analysts believe April will be crucial in anticipation of announcements on potential winners of big-ticket domestic public projects ahead of Malaysia’s coming genera l election.

The anticipation could have spurred the FBM KLCI to close higher on Thursday despite a still-weak global sentiment emanating from the US, Europe and China.

The FBM KLCI which sank into the red earlier, had rebounded to close at 1,583.24, up 0.71 point on Thursday.

Stocks to watch on Friday include INGENUITY SOLUTIONS BHD [], GLOMAC BHD [], JAYA TIASA HOLDINGS BHD [], S P Setia Bhd, Malaysia AE Models Holdings Bhd (Maemode) and LIPO CORPORATION BHD [].

Bursa Malaysia has queried computer software developer Ingenuity on the unusual trading patterns of the stock on Thursday.

Glomac reported a 33% rise in net profit to RM21.89 million in the third quarter ended Jan 31, 2012 from a year earlier despite revenue falling 18% to RM145.29 million. The property developer said lower cost of sales had mitigated the impact of lower revenue and higher operating expenses during the quarter.

Jaya Tiasa said its net profit rose 14% to RM45.52 million in the quarter ended Jan 31, 2012 from a year earlier as revenue fell marginally to RM237.56 million from RM237.64 million a year earlier. Lower tax expenses had offset lower revenue and higher operating costs during the quarter, according to the timber and oil palm PLANTATION [] entity

S P Setia reported a 19% rise in net profit to RM74 million in the first quarter to Jan 31, 2012 from a year earlier as revenue fell 5% to RM491.58 million. The property developer said it had sold RM933 million worth of PROPERTIES [] during the quarter, up 27% from a year earlier.

Maemode has secured a RM61.93 million baggage handling system job at the new low cost carrier terminal. The contract was awarded by UEMC-Bina Puri J.V.

KOBAY TECHNOLOGY [] BHD [] is acquiring full control of its 53.16% subsidiary Lipo via a selective capital reduction and repayment exercise.

Kobay requested Lipo to reduce the paid-up by cancelling one share for every RM1 paid by Lipo to shareholders as capital repayment.

“All entitled shareholders will receive a cash payment amounting to RM1.25 per Lipo share pursuant to the proposed SCR,” it said.



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.

Bursa queries Ingenuity on stock’s unsual trading patterns

KUALA LUMPUR (March 22) : Bursa Malaysia has queried computer software developer INGENUITY SOLUTIONS BHD [] on the unsual trading patterns of the stock on Thursday.

Ingenuity shares had earlier risen as much as 18% or 2.5 sen to an intraday high of 16.5 sen before erasing gains to 14.5 sen at 11.51am.

The second most active stock on the local bourse saw about 131 million shares traded. Shares of Ingenuity has gained 164% this year, outperforming the FBM KLCI’s 4% gain.



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.

FBM KLCI falls in morning trade on China growth concerns

KUALA LUMPUR (March 21) : Malaysians stocks fell on Wednesday morning in tandem with Asian markets due to China’s economic growth concerns. These include costlier retail energy prices in China and an anticipated weaker demand in the world’s second largest economy for raw materials such as iron ore, the primary feed stock for steel manufacturing.

Analysts said the Malaysian equities barometer FBM KLCI is expected to consolidate in the near term and the spotlight will now be directed at companies with smaller market capitalisation.

“Stocks should extend consolidation in the near-term, with trading activity focused on ACE market, small-caps and penny stocks while blue chips maintain their range-bound trading pattern,” TA Securities Holdings Bhd wrote in a note on Wednesday.

In Malaysia, the 30-stock FBM KLCI fell 1.6 points to 1,576.02 at 9.26am with some 273 million shares worth RM81million traded. There were 109 gainers versus 148 decliners while 178 stocks were unchanged.

Top gainers across Bursa Malaysia include Petrol One Resources Bhd which added 20 sen to RM1.08 while Malaysia Airports Holdings Bhd was up eight sen to RM5.68.

Decliners include HONG LEONG FINANCIAL GROUP BHD [] which fell 12 sen to RM11.88 while Genting PLANTATION []s Bhd was down 11 sen to RM9.24.

Most active was INGENUITY SOLUTIONS BHD [] which added three sen to 14 sen with some 58 million shares done.

Asian stock benchmarks declined. Japan’s Nikkei 225 fell 0.21% to 10,120.57 points, Australia’s S&P/ASX 200 was down 0.32% to 4,261.4, while South Korea’s Kospi lost 0.42% to 2,033.5.



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.

KL shares reverses earlier gain

Share prices on Bursa Malaysia turned easier at mid-morning today as investors remained wary over uncertainties in the global market, dealers said.

As at 11.06 am, the FTSE Bursa Malaysia (FBM KLCI) eased 0.9 of a point to to 1,476.32, dragged down by losses, mostly seen in Petronas Chemicals. However, gains in Maybank managed to cap some of the losses.

The Finance Index improved 49.97 points to 13,189.41, the Plantation Index added 7.23 points to 7,642.07 but the Industrial Index slipped 4.65 points to 2,710.67.

The FBM Emas Index shed 0.529 of a point to 10,119.78 but the FBM Mid 70 Index rose 18.94 points to 11,040.33 while the FBM ACE Index declined 8.89 points to 4,262.54.

Losers led gainers by 292 to 275 while 287 counters were unchanged, 627 untraded and 23 others suspended. Turnover stood at 905.911 million shares worth RM497.617 million.

HWANGDBS Vickers Research, in its research note today said key US stock indices ended higher by between 0.1 per cent and 0.5 per cent on Tuesday, on hopes that the new Italian Prime Minister would make progress in resolving the country’s sovereign debt problems.

"The nervous Wall Street performance may spread to our local bourse ahead, with the benchmark FBM KLCI likely to oscillate around the immediate support level of 1,475, pending the emergence of fresh market leads," it said.

Harvest Court, which resumed trading this morning after being declared as designated securities, lost 63 sen to RM1.50 with 660,000 shares changing hands.

Meanwhile, banking groups AMMB Holdings and Alliance Financial Group are scheduled to announce their latest quarterly financial results during lunch today.

For the actives, AsiaEP added half sen to 10 sen, Tiger Synergy was unchanged at 13.5 sen while Ingenuity Solutions shed half sen to 6.5 sen.

For the heavyweights, Maybank gained 13 sen to RM8.40, Sime Darby was flat at RM8.91, CIMB eased one sen to RM7.09 and Petronas Chemicals lost 16 sen to RM6.24. -- Bernama



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.

Market Commentary

The FBM KLCI index gained 10.12 points or 0.69% on Monday. The Finance Index increased 0.16% to 13173.4 points, the Properties Index up 1.31% to 963.95 points and the Plantation Index rose 1.69% to 7646.38 points. The market traded within a range of 6.75 points between an intra-day high of 1484.88 and a low of 1478.13 during the session.

Actively traded stocks include DPS, INGENS, DBE, KBUNAI, SYF, DPS-WA, DBE-WA, TIGER, COMPUGT and INGENS-WA. Trading volume increased to 2849.36 mil shares worth RM1885.20 mil as compared to Friday’s 2068.34 mil shares worth RM1230.49 mil.

Leading Movers were IOICORP (+13 sen to RM5.17), TENAGA (+11 sen to RM5.86), DIGI (+74 sen to RM34.52), GENTING (+12 sen to RM10.70) and GENM (+9 sen to RM3.88). Lagging Movers were CIMB (-4 sen to RM7.18), AMMB (-2 sen to RM5.72) and MAXIS (-1 sen to RM5.30). Market breadth was positive with 647 gainers as compared to 193 losers.-- JF Apex Securities Bhd



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.

KL shares higher at midday

Share prices on Bursa Malaysia remained in positive territory at midday today with investors continuing their buying activities, dealers said.

As at the end of the morning session, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 9.85 points to 1,478.6, with the barometer index moving between 1,478.13 and 1,484.88 during the whole trading session.

The Finance Index improved 26.61 points to 13,179.37, the Plantation Index surged 109.53 points to 7,628.68 and the Industrial Index was 28.13 points higher at 2,713.02.

The FBM Emas Index advanced 79.1 points to 10,118.43, the FBM Mid 70 Index jumped 114.67 points to 10,968.29 and the FBM ACE Index increased 30.09 points to 4,298.7.

Gainers beat losers by 507 to 176 with 248 counters unchanged, 551 untraded and 19 others suspended.

Turnover stood at 1.37 billion shares worth RM800.507 million.

For the actives, Ingens and Karambunai added two sen each to 7.5 sen and 20.5 sen respectively while Compugt was unchanged at 8.5 sen.

Among heavyweights, Maybank edged up one sen to RM8.25, CIMB shed two sen to RM7.20, Sime Darby gained 10 sen to RM8.99 and Petronas Chemicals Group added five sen to RM6.44. -- Bernama



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 stays positive at mid-day, but gains limited

KUALA LUMPUR (Nov 14): The FBM KLCI stayed in positive territory at the mid-day break in line with key regional markets, but sentiment appeared cautious as the 30-stock index pared down some of its gains.

The FBM KLCI was up 9.85 points to 1,478.60 at the mid-day break. The index had earlier risen to an intra-morning high of 1,484.88.

Gainers led losers by 507 to 176, while 248 counters traded unchanged. Volume was 1.37 billion shares valued at RM800.52 million.

The ringgit strengthened 0.29% to 3.1329 versus the US dollar; crude palm oil futures for the third month delivery rose RM36 per tonne to RM3,171, crude oil added 12 cents per barrel to US$99.11 while gold gained US$3.63 an ounce to US$1,792.30.

At the regional markets, Hong Kong’s Hang Seng Index rose 2.4% to 19,595.61, the Shanghai Composite Index added 1.63% to 2,521.44, Taiwan’s Taiex was up 2.22% to 7,530.69, South Korea’s Kospi gained 2.06% to 1,901.85, Singapore’s Straits Times Index rose 1.78% to 2,840.58 and Japan’s Nikkei 225 was up 1.12% to 8,609.82.

On Bursa Malaysia, DiGi rose 74 sen to RM34.52, United PLANTATION []s added 70 sen to RM18.60, Dutch Lady 50 sen to RM21.50, Harvest Court 34 sen to RM1.99, BAT and PPB 30 sen each to RM46 and RM16.92, TSH Resources 26 sen to RM3.71 while Amway added 25 sen to RM8.90.

Among the decliners, Nestle fell 20 sen to RM48.80, BLD Plantations 14 sen to RM6.65, Petrol One Resources seven sen to RM1.05, while Teck Guan, Subur Tiasa, MTD ACPI, Ralco and Hoover fell five sen each to 65 sen, RM2.20, 47 sen, 50 sen and 41.5 sen respectively.

Ingenuity Solutions was the most actively traded counter with 113.2 million shares done. The stock added two sen to 7.5 sen.

Other actives included Karambunai, Compugates, Emico, SYF Resources, DPS and Connect.



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.