FBM KLCI - 20150702Stocks on Bursa Malaysia ended higher yesterday on better sentiment due to the Fitch Ratings’ decision to upgrade the country’s credit rating from negative to stable. However, the market was still nervous over the Greece’s debt crisis which was unlikely to be resolved before Sunday’s referendum. The FBM KLCI finished at 1,733.88, up by 5.92 points, or 0.34%, after moving between 1,728.43 and 1,738.67 throughout the day. Gainers thumped losers by 388 to 351, with 334 counters unchanged. Total volume dropped to 1.46 billion units worth RM1.85 billion from Wednesday’s 1.94 billion units worth RM2.17 billion.

FBM KLCI - 20150701Stocks on Bursa Malaysia closed on a firm note in buoyant trading yesterday with the benchmark index surging higher as the market reacted positively to the “stable” outlook status accorded by Fitch Ratings on the Malaysian economy. The US-based ratings agency affirmed Malaysia’s long-term foreign currency rating at “A-” and revised upwards its outlook to “stable” from “negative”. At close, the FBM KLCI stood at 1,727.96, up by 21.32 points, or 1.25%, after moving between 1,709.77 and 1,737.67 throughout the day. Market breadth was positive with gainers thumping losers by 678 to 192, with 251 counters unchanged. Total volume firmed to 1.94 billion units worth RM2.17 billion from Tuesday’s 1.75 billion units worth RM2.25 billion.

FBM KLCI - 20150630Stocks on Bursa Malaysia ended higher yesterday on technical rebound after Monday’s steep decline, bolstered by gains in consumer and key finance counters on mid-year window dressing, in line with most regional bourses. At close, the benchmark FBM KLCI was up 14.72 points or 0.87% to 1,706.64 but year-to-date, it is down 3.1% and the second worst performer after Jakarta’s Composite Index which fell 6.05% since January. Market breadth was positive with gainers thumping losers by 495 to 309, while 309 counters were unchanged. Total volume increased to 1.75 billion units worth RM2.25 billion from Monday’s 1.67 billion units worth RM1.71 billion.

FBM KLCI - 20150629Stocks on Bursa Malaysia ended on a bearish note yesterday with the benchmark index closed at its lowest level so far this year on persistent selling pressures across the board, in line with the bearish performance of regional markets, impacted by concerns over Greece’s debt default. Sentiment was also affected by the likelihood of Fitch Ratings credit-rating downgrade of Malaysia. The ringgit also hit a 10-year low of 3.7830 per US dollar, its weakest since July 2005. At close, the FBM KLCI fell 18.55 points or 1.08% to settle at 1,691.92, after hitting an intra-day low of 1,688.44. Losers thumped gainers by 823 to 126, with 188 counters unchanged. Total volume increased to 1.67 billion units worth RM1.71 billion from Friday’s 1.35 billion units worth RM1.43 billion.

FBM KLCI - 20150626wkStocks on Bursa Malaysia ended last Friday on a bearish note with losses in heavyweights continuing to weigh on market sentiment. The local market was tracking the sluggish regional markets amid concerns of a potential Greece debt default and the country exiting the European Union after days of talks in Brussels failed to yield a breakthrough, the 7% plunge in China markets while the ringgit continued to weaken against the US dollar. At close, the FBM KLCI was down 6.34 points or 0.37% to 1,710.47, the lowest since Jan 7, after fluctuating between 1,709.87 and 1,716.64 throughout the day. On a weekly basis, the benchmark index eased 11.3 points or 0.65% from 1,721.77. Losers thumped gainers by 441 to 345, with 320 counters unchanged. Total volume decreased to 1.35 billion units, worth RM1.43 billion, from Thursday’s 1.65 billion units worth RM2.08 billion. Weekly turnover decreased to 7.35 billion units worth RM8.19 billion from 7.72 billion units worth RM9.18 billion previously.