FBM KLCI - down on selling pressure
Stocks on Bursa Malaysia closed lower yesterday with the benchmark FBM KLCI ended 20.12 points or 1.13% lower, weighed down by losses in heavyweights as market sentiment took a hit on worries Tenaga Nasional may buy 1MDB’s power assets at lofty prices. Adding to the woes of the local market was in the afternoon session on news about the fall in European equities, tracking Friday's losses on Wall Street, on growing worries about Greece. At close, the FBM KLCI stood at 1,767.38 points, after hovering between 1,764.63 and 1,787.64 throughout the day. Market breadth was negative with losers outpacing gainers by 808 to 129, while 224 counters were unchanged. Total volume rose to 1.85 billion units worth RM1.9 billion from 1.59 billion units worth RM1.94 billion recorded last Friday.
Stocks on Bursa Malaysia ended lower last Friday as foreign funds took profits in selected blue chips, led by Tenaga Nasional Berhad on concerns the state-controlled utility may take over 1Malaysia Development Berhad's (1MDB) power-generation assets. The local market bucked regional trends as most Asia Pacific bourses were in positive territory. The benchmark FBM KLCI fell 7.54 points or 0.42% to close at 1,787.5 after hovering between 1,780.11 and 1,798.46 throughout the day. On a weekly basis, the benchmark index shed 24.42 points from 1,811.92 previously. Losers outpaced gainers by 498 to 296, while 342 counters were unchanged. Total volume slipped to 1.59 billion units worth RM1.94 billion from 2.45 billion units worth RM2.28 billion on Thursday. Weekly turnover rose to 10.26 billion units worth RM9.94 billion from 6.66 billion units worth RM8.95 billion, previously.
Stocks on Bursa Malaysia ended lower yesterday on profit-taking activities and subdued buying support in line with regional bourses. The unveiling of the 11th Malaysia Plan to steer the country towards a developed nation by 2020 did not provide the spark for the equities market due to weaker external sentiment, as investors remained on the sidelines, adopting a wait-and-see approach. At close, the benchmark FBM KLCI fell 15.07 points or 0.83% to 1,795.04, after hovering between 1,793.34 and 1,810.71 throughout the day. Losers thumped gainers by 628 to 259, with 284 counters unchanged. Total volume was higher at 2.45 billion units worth RM2.28 billion from Wednesday’s 1.92 billion shares worth RM1.94 billion.
Stocks on Bursa Malaysia traded sideways yesterday on lack of catalysts in line with most regional markets, as markets will look at the US Federal Reserve meeting minutes later in the night for any indication of an early rate hike. At close, the benchmark FBM KLCI settled at 1,810.11, up 0.39 point or 0.02%, after fluctuating between 1,807.95 and 1,812.59 throughout the day. Losers outpaced gainers by 413 to 341, with 350 counters unchanged. Total volume stood at 1.92 billion shares worth RM1.94 billion, down from Tuesday’s 2.09 billion units worth RM1.99 billion.