FBM KLCI - likely to stay range-bound with a bearish bias
Stocks on Bursa Malaysia closed slightly lower last Friday amid a sluggish performance in line with the poor performance on regional markets. The lack of domestic catalyst had led the trading volume to decline, as most retail investors preferred to remain on the sidelines. The FBM KLCI ended at 1,720.76, down 1.68 points, or 0.10%, after fluctuating between 1,712.49 and 1,721.45 throughout the day. On a weekly basis, the benchmark index was down 5.97 points or 0.34% from previous week’s 1,726.73. Gainers led losers by 423 to 416 with 305 counters unchanged. Total volume slipped to 1.74 billion units valued at RM1.5 billion from Thursday’s 1.76 billion units valued at RM1.68 billion. Weekly turnover rose to 8.35 billion units worth RM7.93 billion from last week’s 5.13 billion units worth RM5.87 billion.
Stocks on Bursa Malaysia ended lower yesterday on late selling on selected heavyweights. The local stock market has been trading sideways this week on lack of market drivers amid the absence of positive local leads. The FBM KLCI finished 7.09 points or 0.41% lower at 1,722.44, after fluctuating between 1,722.44 and 1,731.18 throughout the day. Gainers outnumbered losers by 491 to 317 with 320 counters unchanged. Total volume rose to 1.76 billion units valued at RM1.68 billion from Wednesday’s 1.66 billion units valued at RM1.68 billion.
Stocks on Bursa Malaysia closed lower yesterday in line with the bearish regional stock market sentiment following a weaker overnight Wall Street performance after a lacklustre US corporate earnings report including from technology giants Apple Inc. and Microsoft. The FBM KLCI ended 6.66 points or 0.7% lower at 1,729.53, after fluctuating between 1,725.52 and 1,732.54 throughout the day. Losers edged gainers by 409 to 403 with 301 counters unchanged. Total volume stood at 1.66 billion units valued at RM1.68 billion against 1.66 billion units valued at RM1.51 billion on Tuesday.
Stocks on Bursa Malaysia ended higher yesterday, lifted by renewed buying support and gains in selected heavyweights, especially in the finance and trade and services sectors. This was in sync with most Asian bourses which were modestly higher after an encouraging US earnings report boosted sentiment. The FBM KLCI rose 12.06 points or 0.69% to close at 1,736.19, after fluctuating between 1,722.61 and 1,736.19 throughout the day. Gainers led losers by 556 to 261 with 287 counters unchanged. Total volume increased to 1.66 billion units valued at RM1.51 billion from 1.52 billion units valued at RM1.55 billion on Monday.
Stocks on Bursa Malaysia ended on a subdued note yesterday on lack of fresh leads as most players were away on Hari Raya holidays. The local market was dragged down by losses in heavyweights which affected market sentiment. At close, the FBM KLCI stood at 1,724.13, down 2.60 points, or 0.15%, after fluctuating between 1,720.02 and 1,735.75 throughout the day. Gainers led losers by 452 to 319 with 321 counters unchanged. Total volume rose to 1.52 billion units valued at RM1.55 billion from 841.03 million units valued at RM1.03 billion on last Thursday.