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.



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 extends losses, stays below 1,520-level

KUALA LUMPYR (Jan 19): The FBM KLCI extended its losses on Thursday and stayed below the 1,520-point level, lagging behind most Asian markets.

The index closed 0.57 of a point lower at 1,516.81.

Gainers edged losers by 378 to 370, while 325 counters traded unchanged. Volume was 1.94 billion shares valued at RM1.62 billion.

At the regional markets, the Shanghai Composite Index rose 1.31% to 2,296.08, Hong Kong’s Hang Seng Index added 1.3% to 19,942.95, Japan’s Nikkei 225 was up 1.04% to 8,639.68, South Korea’s Kospi up 1.19% to 1,914.97 and Singapore’s Straits Times Index edged up 0.57% to 2,811.20.

On Bursa Malaysia, Y&G fell 23 sen to 77 sen, Batu Kawan lost 20 sen to RM18.66, Triplc and Genting down 18 sen each to 41.5 sen and RM10.82, Nadayu 12 sen to RM1.06, Southern Acids and Kossan 11 sen each to RM2.21 and RM3.50, Asia File nine sen to RM3.65 while Amway and BIMB lost eight sen each to RM9.40 and RM2.16.

Among the gainers, MPI jumped 36 sen to RM3.15 after RHB Research upgraded the stock to Market Perform (from underperform) and raised its target price to RM2.79.

Other gainers include APM Automotive that added 20 sen to RM4.68, Glenealy 18 sen to RM6.55, Chin Teck 16 sen to RM8.76, TDM 15 sen to RM3.97, Coastal Contracts 12 sen to RM2.05, whiel Knusford, Hong Leong Bank and BRDB added 10 sen each to RM1.70, RM11 and RM2.23 respectively.

DBE Gurney was the most actively traded counter with 314.65 million shares done. The stock jumped 2.5 sen to 13.5 sen.

Other actives included TMS, JCY, Axiata, MBSV, Nextnation, Telekom and BIMB.



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 extends loss as renewed eurozone worries weigh on global markets

KUALA LUMPUR (Jan 4): The FBM KLCI reversed its earlier gains and extended its losses on Wednesday as key regional markets retreated on renewed concerns over the eurozone debt crisis.

The FBM KLCI fell 9.32 points to 1,504.22, down from its intra-day high of 1,525.14.

Losers overtook gainers by 404 to 387, while 318 counters traded unchanged. Volume was 1.66 billion shares valued at RM1.53 billion.

Asian shares closed mixed, while European shares broke a four-session rally on Wednesday as concerns over the euro zone's huge refinancing needs lead investors to cash in on recent gains, according to Reuters.

Banking stocks, many of which are heavily exposed to euro zone debt, fell 0.9% ahead of a German debt auction later in the session, it said.

At the regional markets, the Shanghai Composite Index fell 1.37% to 2,169.39, Hong Kong’s Hang Seng Index lost 0.80% to 18,727.31, and South Korea’s Kospi was down 0.49% to 1,866.22.

Meanwhile, Japan’s Nikkei 225 rose 1.24% to 8,560.11, Taiwan’s Taiex up 0.42% to 7,082.97 and Singapore’s Straits Times Index added 0.84% to 2,711.02.

On Bursa Malaysia, Petronas Dagangan lost 44 sen to RM17, Y&G down 24.5 sen to 75.5 sen, HLFG shed 22 sen to RM11.52, APM 20 sen to RM4.30, Mah Sing and UEM Land lost 15 sen each to RM1.95 and RM2.23, CIMB 14 sen to RM7.10, Ibraco 13 sen to RM1.23 and GAB fell 12 sen to RM13.22.

Among the gainers, Dutch Lady gained 58 sen to RM24, KLK 50 sen to RM23.50, Batu Kawan 48 sen to RM17.98, BAT 36 sen to RM49.80, BHIC 23 sen to RM3.85, Allianz 18 sen to RM4.94, Lafarge Malayan Cement 16 sen to RM7.14, Shell 15 sen to RM9.30 while MISC gained 13 sen to RM5.73.

The actives included HWGB, JCY, Hibiscus, Astral Supreme, Maxbiz and Nextnation.



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 starts 2012 in negative territory as rally fizzles out

KUALA LUMPUR (Jan 3): The FBM KLCI fell into negative territory on the first trading day of 2012 as the rally fizzled out and profit taking activities chipped off its gains made during the final week of 2011.

The 30-stock index fell 1.12% or 17.19 points to 1,513.54, weighed by losses at banking and key blue chips.

The broader market sentiment however was mixed with gainers leading losers by 446 to 325, while 278 counters traded unchanged. Volume was 1.6 billion shares valued at RM1.41 billion.

Meanwhile, better-than-expected data from China's giant manufacturing sector boosted global stocks and the euro on Tuesday and pushed safe-haven bets like German bonds lower, according to Reuters.

Europe's debt crisis still clouds the outlook ahead of a daunting first quarter of borrowing which is expected to push the euro lower and undermine demand for the region's lower-rated sovereigns, it said.

Signs of improved growth in the United States may also cool any speculation about another round of money-printing by the Federal Reserve, improving the outlook for the dollar, it said.

At the regional markets, Hong Kong’s Hang Seng Index jumped 2.4% to 18,877.41, South Korea’s Kospi rose 2.69% to 1,875.41, Taiwan’s Taiex gained 1.46% to 7,053.38 and Singapore’s Straits Times Index added 1.59% to 2,688.36.

The China and Japan markets were closed today for holidays.

Banking stocks were among the major losers, with Maybank falling 24 sen to RM8.34, Public Bank down 22 sen to RM13.16, CIMB 20 sen to RM7.24, RHB Capital 17 sen to RM7.31, AMMB 15 sen to RM5.80 and Hong Leong Bank 14 sen to RM10.76.

Other losers included BAT that fell 48 sen to RM49.44, Petronas Dagangan 36 sen to RM17.44, Petronas Gas 30 sen to RM14.90, Nestle 20 sen to RM56, while JT International and PPB fell 18 sen each to RM7.21 and RM16.98.

Gainers included KLK that added 30 sen to RM23, Y&G 25 sen to RM1, Genting 24 sen to RM11.24, Hibiscus 22.5 sen to RM1.17, Glenealy, Toyo Ink, IGB and SOP up 20 sen each to RM6.22, RM1.80, RM2.66 and RM5.79, while KPower added 19.5 sen to 47 sen.

Meanwhile, the actives included Hibiscus, Maxbiz, XDL, JCY, Sanichi and DBE Gurney.



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 above 1,500 in late push, bucks regional trend

KUALA LUMPUR (Dec 27): The FBM KLCI bucked the regional trend on Tuesday and rose in late trade to close above the crucial 1,500-point level for the first time since Aug 18 this year.

The 30-stock index rose 4.76 points to close at 1,500.91, lifted by gains at select blue chips.

Gainers overtook losers by 378 to 341, while 289 counters traded unchanged. Volume was 993.76 million shares valued at RM743.83 million.

Meanwhile, Japan's Nikkei average dropped below a key support level in holiday-thinned trade on Tuesday, on track for a flat performance in December and double-digit losses for the year, according to Reuters.

With many overseas investors on year-end holidays, market participants said it had been difficult to buy risk assets though the re-opening of stock trading in the United States later in the day could provide more direction, it said.

China stocks fell 1.1% on Tuesday to their lowest close since March 2009, led by a drop in small caps, although trade remained light as investors were cautious over tight liquidity conditions ahead of the year-end, it said.

At the regional markets, the Shanghai Composite Index fell 1.09% to 2,166.21, South Korea’s Kospi lost 0.79% to 1,842.02, Japan’s Nikkei 225 was down 0.46% to 8,440.56, Taiwan’s Taiex shed 0.11% to 7,085.03 and Singapore’s Straits Times Index xxx

On Bursa Malaysia, Proton was the top gainer and rose 41 sen to RM4.79; UMW added 38 sen to RM6.98, KLK was up 36 sen to RM22.56, Petronas Gas 26 sen to RM14.40, BLD PLANTATION []s 23 sen to RM7.35, Batu Kawan and F&N added 22 sen each to RM17.50 and RM18.22, while Ta Ann and Nestle gained 20 sen each to RM5.25 and RM56.80.

Among the decliners, BAT lost 20 sen to RM49, Y&G 18.5 sen to 78 sen, Dutch Lady 16 sen to RM23.20, while JT International, Petronas Dagangan, Hong Leong Bank and Aeon fell 10 sen each to RM6.89, RM17.20, RM10.84 and RM7.10 respectively.

Meanwhile, the actives included Proton, MBF Holdings warrants, Astral Supreme, Sanichi and Utopia.



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.

Asian markets ease ahead of US data, KLCI pares down losses

KUALA LUMPUR (Dec 27): Asian markets were mostly in negative territory at mid-day on Tuesday, ahead of home prices and consumer confidence data set to be released later in the day in the US.

The FBM KLCI was down 1.34 points to 1,494.81 at the mid-day break.

Losers beat gainers by 301 to 257, while 293 counters traded unchanged. Volume was 445.83 million shares valued at RM232.02 million.

The ringgit weakened 0.37% to 3.1592 versus the US dollar; crude palm oil futures for the third month delivery fell RM22 per tonne to RM3,148, crude oil added eight cents per barrel to US$99.76 while gold fell US$12.07 an ounce to US$1,594.88.

At the regional markets, Japan’s Nikkei 225 was down 0.43% to 8,442.73, South Korea’s Kospi fell 1.02% to 1,837.84, Taiwan’s Taiex lost 0.48% to 7,058.71 and Singapore’s Straits Times Index shed 0.15% to 2,672.54.

The Shanghai Composite Index edged up 0.05% to 2,191.23 while European and some Asian markets, including Hong Kong and Australia, were closed on Tuesday.

On Bursa Malaysia, Y&G fell 28.5 sen to 68 sen, BAT and Dutch Lady lost 20 sen each to RM49 and RM23.16, JT International and Hong Leong Bank down 12 sen each to RM6.87 and RM10.82, Petronas Dagangan 10 sen to RM17.20 while Petra Energy and EKIB was down eight sen each to RM1.05 and 46 sen.

Among the gainers, Boxpak rose 29 sen to RM2.14, KLK 26 sen to RM22.46, F&N 20 sen to RM18.20, AIC and Top Glove 12 sen each to RM1.30 and RM4.86, Kretam, Far East and Ta Ann added 10 sen each to RM2.50, RM7.15 and RM5.15 respectively, while Nestle and BLD PLANTATION []s gained eight sen each to RM56.68 and RM7.20.

The actives included MBF Holdings warrants, Proton, Karambunai, Astral Supreme and Sanichi.



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.