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…)

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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.
(more…)

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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…)

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