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.
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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…)

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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.
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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

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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.
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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.
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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.
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KUALA LUMPUR, April 20 (Bernama) — The Kuala Lumpur Composite Index (KLCI) futures contracts on Bursa Malaysia Derivatives were lower in early session today, tracking the losses made on the cash market, dealers said.

At 10.10am, the KLCI futures for April 2009 contract fell 3.50 points to 954 and May 2009 lost 5.50 points to 951.

The June 2009 and September 2009 contracts declined 4.50 points each to 946.5 and 933.5, respectively.

A total of 1,571 lots changed hands this morning while open interest stood at 20,252 contracts.

On the cash market, the underlying KLCI lost 7.19 points to 957.98 as at 10.10am today.

– BERNAMA

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It will adopt FTSE global index standard to enhance the quality of the market.

IN these turbulent times, all financial markets are slogging to be more appealing, with the hope of taking full advantage once investor confidence returns and serious dough pours in. Hence, to continue being defensive and to play catch up with regional peers is a losing strategy.
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KUALA LUMPUR: Steady buying interest on Tenaga Nasional Bhd and select banking stocks kept the KL Composite Index inside positive territory at the midday break, as the market heads into its six consecutive days of gains.

Elsewhere in Asia, shares were mixed after China said its economy grew at its slowest pace in the first quarter. In Hong Kong, stocks settled slightly higher at the lunch break, but shares traded in mainland China fell.

The KL Composite index was up 6.13 points, or 0.64% to 962.81. The index had earlier in the morning scaled to a new six months high of 969.93 points.

Market turnover continued to improve, with more than 1.3 billion shares valued about RM820mil changing hands. Advancing stocks outpaced decliners 350 to 247 with 210 counters flat.
(more…)

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