KUALA LUMPUR (May 20): Bursa Malaysia extended its weakness in early trade today on the back of weak sentiment due to the hike in new Covid-19 cases yesterday.
At 9.07am, the benchmark FBM KLCI had eased 1.66 points to 1,578.86 from yesterday’s close at 1,580.52.
The index opened 2.67 points easier at 1,577.85.
On the broader market, losers outpaced gainers 262 to 166, while 252 counters were unchanged, 1,525 untraded and 18 others suspended.
Total volume stood at 380.36 million worth RM228.29 million.
Rakuten Trade Sdn Bhd said the KLCI saw more weaknesses on record high Covid-19 cases and many fear of a more stringent lockdown.
“Anyhow, we expect the key index to trend within the 1,575-1,585 [range],” it said in a research note.
KUALA LUMPUR (April 26): Bursa Malaysia extended last week s gains to open higher today, in line with positive sentiment on regional bourses, dealers said.
At 9.22am, the FBM KLCI had risen 1.84 points to 1,610.27, compared with 1,608.43 at last Friday s close.
The market bellwether opened 2.31 points higher at 1,610.74.
Overall market breadth was positive with gainers leading losers at 384 to 279, while 363 counters were unchanged, 1,171 untraded and 41 others suspended.
Total volume stood at 1.13 billion shares worth RM597.71 million.
Malacca Securities, in a research note, opined that the key index may continue to trend sideways in the holiday-shortened week without a significant catalyst in the market.
KUALA LUMPUR (April 26): Malaysia secured committed investment of RM8.9 billion for 2021 from the recently concluded trade and investment mission (TIM) to South Korea and Japan, which was led by Senior Minister cum International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali.
The TIM was held from March 31 to April 6, 2021.
Malaysian Investment Development Authority (MIDA) chief executive officer (CEO) Arham Abdul Rahman said Malaysia continues to welcome high-quality foreign direct investment (FDI) from around the world.
He said South Korea and Japan will continue to be major investor countries in Malaysia.
“These investments assume an important role in the development of Malaysia due to their multiplier impact on the economy and will continue to do so in the post-[Covid-19] pandemic era.
KUALA LUMPUR (April 26): Bursa Malaysia ended the morning trading session mixed, tracking an uptrend on most regional bourses and supported by consistent buying of selected healthcare counters, dealers said.
At 12.30pm, the FBM KLCI settled 7.56 points higher at 1,615.99, compared with last Friday’s close at 1,608.43.
The market bellwether opened 2.31 points higher at 1,610.74, and moved between 1,609.44 and 1,616.90 throughout the session.
However, the overall market breadth was slightly negative as losers surpassed gainers at 532 versus 494, while 412 counters were unchanged, 759 untraded and 41 suspended.
Total volume stood at 5.07 billion shares worth RM3.26 billion.
In a research note today, Kenanga Research said that the local bourse remains vulnerable to pressure.
KUALA LUMPUR (April 15): While much has been said about the growth of glove stocks and tech counters on Bursa Malaysia, two companies in different sectors Press Metal Aluminium Holdings Bhd and Petronas Chemicals Group Bhd (PetChem) have emerged as dark horses in the list of largest companies.
Press Metal was the 28th largest company on the exchange on March 31, 2020 with a market capitalisation of RM13.29 billion, according to Bloomberg data. It rose to 22nd place on Sept 30, 2020 with a market value of RM20.77 billion, and has now climbed to eighth place with a value RM40.46 billion.
In short, between March 31, 2020 and today, the aluminium supplier has added some RM27.17 billion in market capitalisation.