KUALA LUMPUR, Sept 19 (Bernama) — The FTSE Bursa Malaysia Kuala Lumpur Composite Index futures on Bursa Malaysia Derivatives are likely to move higher next week following the positive market sentiment on the cash market, dealers said.

A rally on the US stocks and Asian bourses drove the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) to a 52-week high of 1,218 on Thursday.

Dealers said renewed confidence of a global economic recovery will also spur interest for the FBM KLCI futures.

During the week, the FBM KLCI futures traded mostly higher and ended on a good note, tracking the steadier cash market.

Dealers said although the market next week will see shorter trading hours due to the Hari Raya holidays, the positive uptrend would stay.

The market will re-open on Wednesday after the Hari Raya holidays.
(more…)

Posted by trader | No Comments »

KUALA LUMPUR, Sept 18 (Reuters) - Following is a list of
events in Malaysia as well as news stories and press reports
which may influence financial markets.
(Reuters News welcomes your feedback and for any queries
please contact David Chance in Kuala Lumpur editorial on +603
2333 8033 or via email at david.chance@thomsonreuters.com or on
Reuters messaging david.chance.reuters.com@reuters.net)
WHAT IS HAPPENING IN MALAYSIA, ALL TIMES LOCAL FOLLOWED BY
GMT
(The inclusion of diary items does not necessarily mean that
Reuters will cover the event)
- Dutch Lady Milk Industries Bhd EGM at Armada Hotel,
Petaling Jaya at 0900am (0100).
- Focus Dynamics Technologies Bhd EGM at Bukit Jalil Golf &
Country Resort at 1000am (0200).
- Unico Holdings Bhd AGM at The Federal Hotel, Kuala Lumpur
at 1500pm (0700).
MARKET SNAPSHOTS
* Malaysia’s benchmark stock index .KLSE ended 0.5 percent
higher at 1,218.8 points on Thursday. [.KLSE]
* U.S. stocks slipped on Thursday after a three-day runup on
concern recent gains were overextended despite the latest round
of solid economic data. [.N]
* Oil prices slipped slightly in seesaw trading Thursday as
U.S. equities fell, again raising concern about the economy and
a rebound in energy demand. [O/R]
* For global market news, click on [MKTS/GLOB]
* Malaysian crude palm oil futures were little changed
Thursday, taking a breather after a two-day rally, as investors
squared positions ahead of a long holiday weekend, traders
said. [POI/] (more…)

Posted by trader | No Comments »

KUALA LUMPUR, Sept 12 (Bernama) — The FTSE Bursa Malaysia Kuala Lumpur Composite Index futures on Bursa Malaysia Derivatives is likely to succumb to downside risk after the underlying cash index hit the 1,200-points level this week, dealers said.

Overall, market sentiment remains positive as the global economy showed signs of recovery.

” However, the market could come under selling pressure next week after the FBM KLCI’s recent sharp gains,” said one dealer, adding that investors would remain sidelined ahead of the Hari Raya public holidays.

On a week-to-week basis, the September contract rose 28.5 points to 1,210.5 while October 2009 climbed 30.5 points to 1,210.

December 2009 advanced 31.5 points to 1,207.5 while March 2010 shored up 32 points to 1,201.5.
(more…)

Posted by trader | No Comments »

KUALA LUMPUR: The FBM KLCI remained in positive territory at midday Friday as investors pick up heavyweights such as Malayan Banking Bhd, Genting Bhd and Bumiputra Commerce Holdings Bhd.

At 12.30pm the benchmark composite index was up 3.93 points to 1,177.59.

Regional markets, however, were mixed at midday.

Tokyo’s Nikkei 225 lost 0.20% to 10,194.30 while Seoul’s Kospi Index was marginally lower, slipping 0.12% to 1,611.57.

Shanghai’s A share Index added 0.20% to 2,850.75 and Hong Kong’s Hang Seng Index rose 0.53% to 19,867.37.
(more…)

Posted by trader | No Comments »

TREND ANALYSIS
By K.M. LEE

REVIEW: Bursa Malaysia kicked off the week on a dull note, with the benchmark FBM KL Composite Index (FBM KLCI) losing 0.75 point at 1,067.01 on extended consolidation amid dearth of fresh market-stimulating leads.

Overnight Wall Street eased 36.65 points to 8.146.52 the previous Friday while world crude oil prices sustained downward pressure to below US$60 a barrel. Besides that, the poor showing in Asian equities also was not helping the local sentiment.

Hence, the local bourse drifted sideways to marginally easier in thin volume, touching an intra-day of 1,060.96 on lack of support before bouncing off slightly to end at 1,063.66, down 4.10 points in lacklustre mode on Monday.

Then, overnight Dow staged an unexpected steep rebound, rising 185.16-point to 8,331.68, as bullish analyst comments on the financial sector revived investors’ appetite for stocks.

Apparently, the wake of fresh hopes that US corporate earnings may not be as weak as initially feared, sparked a stock rally in the region and against the bullish backdrop, Bursa Malaysia was not left out this time, which saw the FBM KLCI gaping up a commendable 7.43-point to 1,071.09 in initial deals on renewed buying interest.

Business was robust, with the core blue chips topping the most up list. Elsewhere, other quality issues outside the FBM KLCI radar, also posted decent gains on greater retail participation. At the end of Tuesday’s trading, the key index rebounded some 15.97 points to 1,079.63.

Thereafter, the local sentiment continued to improve, tracking the bullish momentum in offshore stock exchanges on optimism about the global economic recovery story after a couple of giant corporations in the US churned out a better-than-expected earnings result.

Goldman Sachs reported a 33% rise in quarterly earnings, while Intel Corp’s results soared past street’s expectations.

In another hectic day, big advances, led by the banking issues helped push the FBM KLCI up 17.61 points to 1,097.24 in mid-week.

It tacked on an extra 11.64 points to 1,108.88 on Thursday and 12.02 points to 1,120.90 yesterday on follow-through interest, also the best closing level since August last year, spurred by a steadier offshore equities.

Statistics: On a weekly basis, the FBM KLCI advanced 53.14 points, or 5% to settle at 1,120.90 yesterday, against 1,067.076 on July 10.
(more…)

Posted by trader | No Comments »

KUALA LUMPUR - Share prices on Bursa Malaysia were higher during morning trade on Monday on continued buying interest in bluechips, a dealer said.

The benchmark FTSE Bursa Malaysia Kuala Lumpur Composite Index rose 15.62 points or 1.39 per cent to 1,136.52. In the broader market, gainers outperformed losers 2.3 to 1 on volume of 465.44 million shares valued at RM666.56 million (US$186.35 million). — BT ONLINE

Posted by trader | No Comments »

KUALA LUMPUR: The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI), which opened higher today slipped into the red briefly around 10.30 am and fell as much as 5.03 points before recovering.

At 5pm, the benchmark index closed 12.02 points higher at 1,120.90. About 939.3 million shares changed hands, valued at some RM1.45bil. Gainers outpaced losers by 295 to 277 while 277 counters were unchanged.

Far East Holdings Bhd was the top gainer, rising 50 sen to RM6.20, while Bumiputra-Commerce Holdings Bhd and BAT added 25 sen each to RM9.95 and RM45 respectively. Genting rose 15 sen to RM5.75 and EON Capital Bhd added 16 sen to RM4.80.
(more…)

Posted by trader | No Comments »

KUALA LUMPUR: The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) breached the 1120-point level in active trading but mild profit-taking saw the index closed at 1,108.88 points for an impressive 11.64 point or 1.06% gain.

Gainers were ahead of losers 398 to 304 with 229 counters unchanged. Some 1.67 billion shares were traded, valued at RM2.14bil.

Gains on Bursa Malaysia were led by blue chips PPB Group Bhd, Amtel Holdings Bhd, Malaysian Pacific Industries Bhd (MPI) and Puncak Niaga Bhd

PPB’s share price jumped 50 sen to RM12.50 on volume of 2.7 million shares. Amtel rose 28 sen to 78 sen while MPI closed 20 sen higher at RM5.35. Puncak advanced 16 sen to RM3.12.

Sime Darby Bhd, the country’s biggest planter gained 10 sen to RM7.45.
(more…)

Posted by trader | No Comments »

KUALA LUMPUR: Shares in IJM Corp and Lafarge Cement tumbled on Friday, on worries that the counters exclusion from the new main stock index would limit their appeal to investors.

The exchange will introduce a trimmed down market benchmark called the FTSE Bursa Malaysia KLCI on Monday. The new index consisting selected top 30-counters will replace the old 102-strong KL Composite Index (KLCI).

The KLCI closed 6.02 points lower at 1,072.69 on its last day. The new FBM KLCI, which is essentially the re-branding of the existing FBM 30 index, will start at a reference price based on KLCI’s Friday close.

The exchange is expecting a “seamless” transition on Monday.

In the market, shares in IJM Corp dropped 50 sen, or 8.6% to RM5.30 on volume of 3.1 million shares transacted. Lafarge Cement sagged 25 sen, or 4.2% to RM5.75.
(more…)

Posted by trader | No Comments »

KUALA LUMPUR, June 24 (Bernama) — Bursa Malaysia on Wednesday reminded the market that its benchmark index, the Kuala Lumpur Composite Index (KLCI) will adopt FTSE’s global index methodology and will be renamed as FTSE Bursa Malaysia KLCI, starting July 6.

The FTSE Bursa Malaysia KLCI will be free-float adjusted and liquidity-screened to give investors an investable and tradable index which will remain characteristic of the underlying market.

Constituents of the FTSE Bursa Malaysia KLCI will be made up of Bursa Malaysia’s 30 largest eligible Main Board companies initially, the stock exhange operator said in a statement Wednesday.

The computation will be based on investable market capitalisation.

The calculation of FTSE Bursa Malaysia KLCI will be on a 15 second basis compared with 60 seconds adopted by KLCI currently.

This improvement in speed of index calculation will essentially benefit the investors as they will be able to closely track the pulse of trading activities, Bursa Malaysia said.
(more…)

Posted by trader | No Comments »