Market Review

Index lifted by last minutes buying. FBM KLCI gained 3.90 pts to close at 1,495.95 on late buying in recent decliners. Decliners outpaced advancers by 463 to 293 while 274 counters were unchanged. Among the key market news today, Chow Chee Kin was removed as Jetson director at EGM, Handal inks a pact with Indonesia partner, sources say Petra Energy is a front runner for Petronas job, and MISC sells its older liner vessels. Meanwhile, sources said Tan Sri Abdul Aziz Shamsuddin is a new partner of Carrefour, Perak Corp acquires a 6.65% stake in Integrax, RHB Cap’s 3Q net profit jumps and Petronas Chemical’s 2Q net profit fell 8.9%. Overnight, the DJIA slid 39.61 pts to 11,052.5 as Ireland’s bailout failed to ease concerns that the EU’s most-indebted nations will need further aid. Taking the cue from the Dow’s weak performance, we expect the local bourse to trade range bound pending any fresh leads.

Technical View

The FBM KLCI rebounded from as much as an 18.03-pt loss at the day-low to close the day with a 3.90-pt gain. It was a 21.93-pt rebound that will go down in history as one of the most impressive rebounds for the 2009/2010 bull market.
As a result, the market ended the day at above the key recent low of 1,488 pts. Yesterday’s price action once again proves the importance of the 1,488 pt-level. Nevertheless, the benchmark is still stuck within the potential downtrend channel. Remember the downtrend channel will guide us as to when the consolidation phase will end.
There is still a possibility of the key index retracing towards uptrend line 1 as long as it remains stuck within the potential downtrend channel. Note that a break below the 1,488 pt-level will likely invite strong selling pressure and confirm the breakdown from uptrend line 2. However, the market can still avoid from falling further by maintaining a posture at above the 1,488 pt-level and stage a breakout from the downtrend channel.
Anyhow, our view towards the near-term market has been the same, that is, its technical landscape will remain bullish as long as the index is still trading at above uptrend line 1.
We are still eyeing the 1,500 pt-level as the next resistance, followed by the 1,512-1,514 pt-area.Immediate support is now seen at the 1,488 pt-level, followed by the 1,479 pt-level.

Belian lewat dagangan Bursa kukuh

KUALA LUMPUR 29 Nov - Harga saham di Bursa Malaysia mengakhiri dagangan pada paras lebih tinggi hari ini, ekoran belian lewat di kaunter-kaunter yang jatuh baru-baru ini, sekaligus menebus kejatuhan terdahulu, kata peniaga. Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia naik 3.90 mata kepada 1,495.95.

Ia dibuka 3.26 mata lebih rendah pada 1,488.57.Sepanjang hari ini, indeks utama itu bergerak di antara 1,474.02 dengan 1,495.95.Seorang peniaga berkata minat terhadap kaunter-kaunter mewah, termasuk Petronas Chemicals, CIMB, Sime Darby dan Tenaga Nasional, membantu pasarana menebus kejatuhan dalam sesi pagi.

"Kegiatan mencari saham murah dan membeli bagi mencukupkan pegangan menjadi penyumbang kepada pemulihan ini.

Tetapi kenaikan dihadkan oleh pengambilan untung dan kebimbangan tentang zon euro dan Korea Utara," katanya.

Indeks Kewangan meningkat 18.56 mata kepada 13,623.88 dan Indeks Perusahaan mengukuh 7.54 mata kepada 2,858.80. Indeks Perladangan, bagaimanapun, susut 18.96 mata kepada 7,648.27.

Indeks FBM Emas menokok 11.27 mata kepada 10,129.46 dan Indeks FBM Ace meningkat 7.56 mata kepada 4,276.29. Indeks FBM 70 turun 37.48 mata kepada 10,404.25.

Jumlah dagangan susut kepada 1.05 bilion saham bernilai RM1.93 bilion daripada 1.57 bilion saham bernilai RM4.91 bilion Jumaat lepas.

Saham rugi mengatasi saham untung dengan jumlah 463 berbanding 293 manakala 274 kaunter tidak berubah.

Antara kaunter cergas, Petronas Chemicals naik sembilan sen kepada RM5.40, KNM Group meningkat tiga sen kepada 54 sen dan Karambunai Corp mengukuh dua sen kepada 19 sen.

Jumlah dagangan dalam Pasaran Utama mengecil kepada 926.26 juta saham bernilai RM1.89 bilion daripada 1.45 bilion saham bernilai RM4.88 bilion Jumaat lepas.

Waran susut jumlahnya kepada 61.96 juta unit bernilai RM9.77 juta daripada 65.9 juta unit bernilai RM11.17 juta sebelumnya.Pasaran ACE mencatatkan peningkatan jumlah dagangan kepada 53.97 juta saham bernilai RM23.3 juta daripada 50.42 juta saham bernilai RM13.73 juta.

Barangan pengguna menyumbang 36.54 juta saham yang diniagakan dalam Pasaran Utama, barangan perusahaan 354.23 juta, pembinaan 60.71 juta, perdagangan dan perkhidmatan 221.08 juta, teknologi 27.62 juta, prasarana 18.36 juta, kewangan 60.02 juta, hotel 1.01 juta, harta 121.09 juta, perladangan 20.85 juta, perlombongan 1.16 juta, REIT 3.44 juta dan dana tertutup 167,200. - Bernama

Technical View

The market lost 4.44 pts last Friday but ended the day at above the key 1,488 pt-level. After two weeks of price action in the vicinity of 1,488 pts, we have identified a potential downtrend channel as is being portrayed in the above daily chart. This downtrend channel would be able to show us when the current consolidation phase will come to an end. The importance of the 1,488 pt-level has become increasingly obvious since the market has been trying to sustain a posture at above this level since the 28.2-pt drop on the 11th and 12th of this month.
This week, we will see if the index can actually hold up the 1,488 pt-level and eventually rebound back above uptrend line 2. At the current level, although the index has returned back above the 1,488 pt-level, it is still vulnerable to a pullback and possibly fall back towards uptrend line 1.

We are still waiting for the confirmation signal to see if uptrend line 2 has been decisively violated and would need to see a clean violation at the 1,488 pt-level to confirm it. We have seen many times in the last few months how the index experienced a very short retracement period after violating a short-term uptrend line. Hence, further confirmation is needed in order to gauge if the FBM KLCI would eventually retrace towards uptrend line 1.
Meanwhile, our view towards the near-term market has been the same, that is, its technical landscape will remain bullish as long as the index is still trading at above uptrend line 1.
We are still eyeing the 1,500 pt-level as the next resistance, followed by the 1,512-1,514 pt-area.
Immediate support is now seen at the 1,488 pt-level, followed by the 1,479 pt-level.

Market Review

Lower closed. The FBM KLCI fell 4.44 points to close at 1,492.05 last Friday. The news headlines are the CPI for October rose 2% y-o-y to 114.7, Hong Leong Bank Bhd had extended the deadline for EON Capital Bhd to accept its offer to acquire the entire assets and liabilities to 30 Apr 2011 and Petronas Chemicals Group Bhd shares closed at RM5.31, 11 sen higher than its IPO price of RM5.20 on the stock’s debut as South-East Asia’s largest IPO on Bursa Maklaysia’s Main Market. Meanwhile, Sime Darby
Bhd has set a net profit target of RM2.5bn for FY11, with its plantation division remaining as a key earnings driver supported by the industrial, property and motors divisions. Syarikat Prasarana Negara Bhd has awarded contracts worth RM1.7bn for the first phase (Package A) of the RM7bn light rail transit (LRT) extension project involving the Kelana Jaya and Ampang lines. Ireka Corp Bhd has secured a RM232.8m
contract for the proposed development of offices and a hotel in Kuala Lumpur. Finally,both the US markets and crude oil price ended lower on Friday, with crude oil price was marginally down by USD0.10 to USD83.76/barrel.

Harga saham dijangka bergerak dalam jajaran kecil

KUALA LUMPUR 28 Nov. - Harga- harga saham dijangka bergerak dalam julat kecil minggu ini di celah-celah sentimen yang berhati-hati ekoran faktor luaran, terutamanya dasar monetari China, kata seorang peniaga.

Beliau berkata, China mungkin menaikkan Nisbah Rizab Diperlukan (RRR) dan khabar angin dalam lingkungan perkara ini, telah menyebabkan kebimbangan yang berlanjutan di pasaran.

"Kami juga akan meninjau angka-angka ekonomi AS yang akan mencurah-curah masuk minggu depan. Diikuti dengan situasi tidak menentu global seperti konflik Korea dan kebimbangan hutang euro, ia dijangka terus mempengaruhi pasaran," tambah beliau.

Sementara itu, Ketua Penyelidik Runcit Affin Investment Bank, Dr. Nazri Khan berkata, beliau menjangkakan yang pasaran saham tempatan akan terus bergerak mendatar dalam lingkungan antara 1,490 hingga 1,510 minggu ini, di tengah-tengah urus niaga yang lebih berhati-hati.

"Pada mana-mana hampir di bawah 1,460, kami berpendapat sebarang kelemahan sebagai peluang untuk memasuki semula mendapatkan saham murah memandangkan trend menaik bulanan kekal tidak berubah.

"Pada pandangan kami, komen positif yang dibuat oleh Amerika Syarikat (AS) dan China, mahukan keamanan bermakna ia boleh menangani kemudahruapan dan campur tangan oleh Bank Of Korea untuk menyuntik lebih banyak mudah tunai, mungkin berjaya mengelak urus niaga panik dan ketegangan yang berlanjutan," kata beliau dalam e-mel kepada Bernama.

Nazri berkata, faktor-faktor penting ini menyediakan pasaran tempatan situasi yang lebih stabil dan perlahan-lahan meningkat minggu ini.

Beliau menambah, terdapat juga tanda-tanda data ekonomi yang telah mendapat momentum dengan keputusan pendapatan yang positif seperti YTL, DRB Hicom dan AirAsia, yang lebih baik daripada dijangkakan.

OSK Research berkata: "Minggu ini, kita akan melihat sama ada indeks boleh benar-benar kekal sehingga paras 1,488 mata dan lambat-laun melantun semula melepas trend menaik.

"Pada paras semasa, walaupun indeks telah kembali melepasi 1,488 mata, ia masih lagi 'rapuh' kepada sebarang kemungkinan penurunan," kata syarikat itu.

Untuk minggu baru berakhir, Indeks FBM KLCI ditutup pada 1,492.05, susut 4.44 mata daripada 1,506.05 Jumaat lepas.

Berdasarkan perbandingan Jumaat-Jumaat, FBM KLCI ditutup pada 1,489.86, naik 8.45 mata daripada 1,481.41 sebelumnya.

Indeks FMB Emas menokok 94.22 mata kepada 10,118.19 tetapi FBM70 merosot 27.86 mata kepada 10,441.73 dan Indeks FBM Ace berkurangan 315.68 mata kepada 4,268.73.

Indeks Kewangan turun 151.16 mata kepada 13,605.32, Indeks Perusahaan kerugian 24.26 mata kepada 2,851.26 dan Indeks Perladangan mengecil 91.51 mata kepada 7,667.23.

Jumlah dagangan mingguan mengukuh kepada 6.179 bilion saham bernilai RM11.315 bilion berbanding 4.56 bilion saham bernilai RM6.166 bilion minggu sebelumnya. - BERNAMA

Market View

Market inches up. The FBM KLCI held firmly above 1,490 pts and closed at 1,496.49 or 7.95 pts higher as steadier sentiment in key regional markets spurred buying interest. Gainers thumped losers 463 to 291 while 287 counters were unchanged, 347 untraded and 42 others were suspended. Among the key market news today are Carlyle making a 18% higher bid for QSR at RM6.70 a share, sources say the LRT extension jobs would be awarded soon, Datuk Seri Idris Jala said PM is to announce new projects next week and foreign workers are required to have medical insurance coverage from next year Among the key results released, local airlines MAS and AirAsia reported sterling 3Q results, YTL’s net profit surged 34%, DRB-HICOM doubles net profit in 2Q, Genting’s 3Q net profit soared 106% and Proton’s profit fell on a oneoff provision. The US market was closed for the Thanksgiving holiday yesterday. We expect the market to trade higher with the generally good set of numbers released by Malaysian corporates as well as excitement from the listing of Petronas Chemicals

Technical View

The FBM KLCI managed to claw its way back above the crucial support floor at the 1,488 pt-level. This is a meaningful level as it was where the market had been trying to establish a new floor after the 28.2-pt drop on the 11th and 12th of this month.
Today and next week, we will see if the index can actually hold up the 1,488 pt-level and eventually rebound back above uptrend line 2. At the current level, although the index has returned back above the 1,488 pt-level, it is still vulnerable to a pullback and possibility fall back towards uptrend line 1.
We are still waiting for the confirmation signal to see if uptrend line 2 has been decisively violated and need to see a clean violation at the 1,488 pt-level to confirm it. We have seen many times in the last few months how the index experienced a very short retracement period after violating a shortterm uptrend line. Hence, further confirmation is needed in order to gauge if the FBM KLCI would eventually retrace towards uptrend line 1. Off course, at the same time, we are also monitoring the possibility that the index could eventually rebound above the uptrend line 2 after yesterday’s return back above the 1,488 pt-level.
Meanwhile, our view towards the near-term market has been the same, that is, its technical landscape will remain bullish as long as the index is still trading at above uptrend line 1.
We are now eyeing the 1,500 pt-level as the next resistance followed by the 1,512-1,514 pt-area. Immediate support is now seen at the 1,488 pt-level, followed by the 1,479 pt-level.

Bursa kukuh di akhir dagangan

KUALA LUMPUR 25 Nov - Harga-harga saham di Bursa Malaysia ditutup tinggi hari ini, dengan Indeks Komposit FTSE Bursa Malaysia Kuala Lumpur (FBM KLCI) meneruskan pengukuhan dengan melepasi paras 1,490 mata, kata peniaga.

Pada 5 petang, Indeks Komposit FTSE Bursa Malaysia Kuala Lumpur (FBM KLCI) ditutup 7.95 mata lebih tinggi kepada 1,496.49 selepas dibuka 4.67 mata lebih tinggi pada 1,493.21.

Seorang peniaga berkata penutupan positif semalaman Wall Street serta sentimen lebih padu dalam pasaran utama serantau, merangsang minat belian dalam pasaran tempatan.

Indeks Perusahaan Bursa Malaysia meningkat 12.51 mata kepada 2,848.55, Indeks Kewangan menokok 29.859 mata kepada 13,656.8 dan Indeks Perladangan meningkat 50.25 mata kepada 7,707.63.

Indeks FBM Emas meningkat 61.97 mata kepada 10,155.31 manakala FBM70 menokok 98.24 mata kepada 10,478.15.

Kaunter untung mengatasi kaunter rugi sebanyak 463 berbanding 291 manakala 287 kaunter tidak berubah, 347 tidak diniagakan manakala 42 yang lain digantung.

Jumlah dagangan sebanyak RM1.424 bilion saham berbanding 1.065 bilion saham bernilai RM1.812 bilion semalam.

Peneraju dengan jumlah dagangan terbanyak, Talam Corporation, Compugates, Saag Consolidated dan Jo Tech-Wa, tidak berubah dengan harga saham masing-masing sebanyak 10 sen, 6.0 sen, 7.0 sen dan 3.5 sen.

Kaunter berwajaran tinggi, CIMB menokok lima sen kepada RM8.39, Sime Darby menambah empat sen kepada RM8.73, Maybank tidak berubah pada RM8.70 manakala Maxis rugi dua sen kepada RM5.28.

Jumlah dagangan di Pasaran Utama berkurangan kepada 853.466 juta saham bernilai RM1.388 bilion berbanding 915.791 juta saham bernilai RM1.771 bilion semalam.

Perolehan dagangan di Pasaran ACE berkurangan kepada 70.710 juta saham bernilai RM20.115 juta berbanding 81.488 juta saham bernilai RM27.211 juta semalam.Perolehan dagangan waran bagaimanapun meningkat kepada 73.423 juta unit bernilai RM12.859 juta berbanding 64.475 juta unit bernilai RM11.579 juta sebelumnya.

Barangan pengguna menyumbang sebanyak 38.206 juta saham yang diurusniagakan di Pasaran Utama, barangan perusahaan sebanyak 282.806 juta, pembinaan 102.466 juta, perdagangan dan perkhidmatan 198.242 juta, teknologi 14.748 juta, infrastruktur 12.963 juta, kewangan 44.647 juta, hotel 4.511 juta, hartanah 117.271 juta, perladangan 29.775 juta, perlombongan 748,500, REIT 7.060 juta dan dana tertutup 24,000. - Bernama

Technical View

We have been highlighting the importance of the recent low at the 1,488 pt-level. The market has been trying hard to establish a new floor at this level after the 28.2-pt drop on the 11th and 12th of this month. However, tensions between North and South Korea continued to dog the market and the index violated the 1,488 pt-level right after the market opened yesterday. Nevertheless, we saw the market display an obvious intention to hold up the recent low as the index rebounded off the intra-day low and eventually closed marginally above it.
We will see if the market can maintain a posture at above this level. Note that the bears have the upper hand at the current level as the market is now trading below the uptrend line 2. We have said before that a clean violation of the 1,488 pt-level would confirm the breakdown from the uptrend line 2. And we have seen many times in the last few months how the index experienced a very short retracement period after violating a short-term uptrend line. Hence, further confirmation signals are needed in order to gauge if the FBM KLCI will eventually retrace towards uptrend line 1.
Our view towards the near-term market has been the same, that is, its technical landscape will remain bullish as long as the index is still trading at above uptrend line 1.
Now, look for the 1,479 pt-level as the immediate support. Should this level be taken out, we are eyeing the 1,445 pt-level as the next support. To the upside, the 1,500 psychological mark is now the immediate resistance while next resistance is seen at the 1,512-1,514 pt-area.

Market Review

Resilient. The FBM KLCI managed to eke out a 1-point gain to close at 1488.54 points yesterday. The broader market was also higher with 537 gainers against 267 losers. Asian markets were mixed with the Sensex and Nikkei traded lower but Shanghai and Hong Kong registering gains. European bourses as well as the US charged higher last night. News headlines: Sunway City and Sunway Holdings receive offer from Sunway Sdn Bhd to acquire all their businesses for RM5.10 per share and RM2.60 per share respectively in an attempt to create a RM4.5bn merger, a slew of financial results namely from Axiata, QSR/KFC, MMC Corp, Sunway group of companies, MISC. Local stocks are likely to take cue from the rise on Wall Street and follow through with yesterday's gains. Immediate resistance is at the 1500-point psychological level.

Bursa kukuh seiring pasaran Asia

KUALA LUMPUR 24 Nov - Harga-harga saham kebanyakannya ditutup tinggi di Bursa Malaysia hari ini apabila saham-saham Asia kembali stabil selepas jualan besar-besaran susulan tindakan Korea Utara membedil pulau di Korea Selatan, kata peniaga.

Seorang peniaga berkata pasaran memberi reaksi berlebihan terhadap isu Korea, dan hari ini ia kembali meningkat.

Indeks Komposit FTSE Bursa Malaysia Kuala Lumpur (FBM KLCI) meningkat 1.01 mata untuk ditutup pada 1,488.540, selepas dibuka 7.63 mata lebih rendah pada 1,479.9.

Indeks Kewangan menokok 3.971 mata kepada 13,626.94 dan Indeks Perladangan meningkat 26.7 mata kepada 7,657.38. Indeks Perusahaan bagaimanapun susut 0.93 mata kepada 2,836.04.

Indeks FBM Emas meningkat 24.63 mata kepada 10,093.34, Indeks FBM Ace menokok 82.49 mata kepada 4,384.89 dan Indeks FBM 70 menambah 66.87 mata kepada 10,379.91.

Kaunter untung mengatasi kaunter rugi sebanyak 537 berbanding 267 manakala 235 kaunter tidak berubah, 352 tidak diniagakan manakala 43 yang lain digantung.

Jumlah dagangan berkurangan kepada 1.065 bilion saham bernilai RM1.812 bilion berbanding 1.175 bilion saham bernilai RM2.009 bilion semalam.

Bagi saham berwajaran tinggi, Maybank susut sembilan sen kepada RM8.70 dan Sime turun satu sen kepada RM8.69 manakala CIMB menokok tiga sen kepada RM8.34. Maxis tidak berubah pada RM5.30.

Jumlah dagangan di Pasaran Utama berkurangan kepada 915.791 juta saham bernilai RM1.771 bilion berbanding 996.689 juta saham bernilai RM1.96 bilion.

Perolehan dagangan di Pasaran ACE juga turun kepada 81.488 juta saham bernilai RM27.211 juta berbanding 95.046 juta saham bernilai RM33.672 juta pada Selasa.Jumlah dagangan waran susut kepada 64.475 juta unit bernilai RM11.579 juta berbanding 77.137 juta saham bernilai RM12.378 juta.

Barangan pengguna menyumbang sejumlah 38.103 juta saham yang diniagakan di Pasaran Utama, barangan perusahaan 235.486 juta, pembinaan 73.431 juta, perdagangan dan perkhidmatan 230.532 juta, teknologi 16.005 juta, infrastruktur 32.837 juta, kewangan 71.138 juta, hotel 1.431 juta, hartanah 177.887 juta, perladangan 25.637 juta, perlombongan 1.297 juta, REIT 11.966 juta dan dana tertutup 41,700. - Bernama

Market Review

Jittery sentiment. The KLCI slumped 15.67 points, weighed down by concerns over tensions in the Korea  peninsula and ongoing debt woes in Ireland. Today’s corporate news include IJM Land and MRCB announcing plans to merge, YLT Corporation intends to streamline all the group’s property assets under YTL Land & Development and Parkson Holdings has acquired a 100% stake in Shantou Parkson for RM37m. Overnight the Dow Jones extended its losses and closed 142.2 points lower, dragged down by a series of daunting events ranging from renewed tensions between the two Koreas to a flare-up in Europe's debt crisis to a growing insider-trading probe on hedge funds. We expect further downside to our market today given the slew of negative news weighing down sentiment.

Faktor luaran rangsang Bursa lemah

KUALA LUMPUR 23 Nov - Harga-harga saham ditutup rendah di Bursa Malaysia Sekuriti dengan sentimen dirangsang oleh faktor luaran seperti masalah hutang Ireland serta konflik antara Korea Utara dan Selatan.

"Banyak pelabur berhati-hati terhadap pasaran, menunggu arah tuju pasti, selain hakikat bahawa angka keluaran dalam negara kasar suku ketiga yang tidak memihak kepada pasaran.

Pada penutup, Indeks Komposit FTSE Bursa Malaysia Kuala Lumpur susut 15.67 mata untuk ditutup pada 1,487.53, selepas dibuka 3.64 mata lebih tinggi pada 1,506.84.

Indeks Perladangan susut 108.19 mata kepada 7,630.68, Indeks Kewangan turun ketara sebanyak 156.53 mata kepada 13,622.97 dan Indeks Perusahaan susut 33 mata kepada 2,836.97.

Indeks FBM Emas susut 128.63 mata kepada 10,068.71, FBM70 turun 154.11 mata kepada 10,313.04 dan Indeks FBM Ace susut 176 mata kepada 4,302.4.

Jumlah dagangan meningkat kepada 1.175 bilion saham bernilai RM2.009 bilion berbanding 968.588 juta saham bernilai RM1.165 bilion yang direkodkan semalam.

Kaunter untung mengatasi kaunter rugi sebanyak 785 berbanding 96 manakala 195 kaunter tidak berubah, 338 kaunter tidak diniagakan dan 76 yang lain digantung.

Mengetuai senarai saham aktif ialah Karambunai yang susut satu sen kepada 19 sen, diikuti Axiata dan Jo tech yang masing-masing susut satu sen kepada RM4.48 dan 10.5 sen.

Jumlah dagangan di Pasaran Utama meningkat kepada 996.689 juta saham bernilai RM1.96 bilion berbanding 858.210 juta saham bernilai RM1.130 bilion yang direkodkan semalam.

Perolehan dagangan di Pasaran ACE meningkat kepada 95.046 juta saham bernilai RM33.672 juta berbanding 61.155 juta saham bernilai RM25.816 juta pada Isnin.

Jumlah dagangan waran meningkat kepada 77.137 juta saham bernilai RM12.378 juta berbanding 42.124 juta unit bernilai RM7.817 juta transaksi semalam.

Barangan pengguna menyumbang sejumlah 58.233 juta saham yang didagangkan di Pasaran Utama, barangan perusahaan 217.122 juta, pembinaan 25.938 juta, perdagangan dan perkhidmatan 324.870 juta, teknologi 21.422 juta, infrastruktur 14.77 juta, kewangan 86.200 juta, hotel 1.501 juta, hartanah 165.323 juta, perladangan 35.555 juta, perlombongan 2.511 juta, REIT 2.798 juta dan dana tertutup 23,400.

- Bernama

Technical View

It is obvious that the FBM KLCI has been trying to sustain a posture at above the recent low of 1,488 pts after creating three candlesticks with long lower shadow lines. These shadow lines portray the market’s intention to construct a new support at the 1,488 pt-level.
As we mentioned last week, as long as the FBM KLCI is able to hold above the 1,488 pt-level, this level will  prevent the index from retracing towards uptrend line 1. However, the market is still very vulnerable to selling pressure at this level after violating the uptrend line 2, and there is still a possibility that it might eventually retrace towards uptrend line 1.
Meanwhile, the breakdown from uptrend line 2 still needs to be confirmed as it was a breakdown from a short-term uptrend line. We have seen many times in the last few months how the index experienced a very short retracement period after violating a short-term uptrend line. A break below the 1,488 pt-level would be the confirmation signal.
No matter which of the scenarios mentioned above turns out to be true, our view towards the nearterm market has been the same, that is the index will continue to rise until uptrend line 1 is taken out.
From the current level, there is immediate support at the 1,500 pt-psychological support while next support is seen at the 1,488 pt-level, followed by the 1,479 pt-level. To the upside, an overhead hurdle now lies at the 1,512-1,514 pts area, and the record high of 1,532 pts.

Market Review

Off the low. The FBM KLCI closed just off the low on the first trading day of the week with the number of gainers to losers about equal. Investors could be weighing the downside from the mostly negative external  newsflows with that of domestic leads with the reporting season well underway. Some of more notable headlines: (i) the PM has refuted claims of a Cabinet reshuffule and early elections; (ii) MRCB revealed that it is mulling various corporate proposals in a statement to Bursa with its shares suspended along IJM Land from trading until  end today; (iii) Salcon inked a deal to dispose of its 40% stake in a China water concession. CIMB reported another sterling quarter with a special dividend of 13.45sen declared while both Sunway and SunCity are suspended. We expect the range bound trading pattern to continue with sentiment likely to get a lift from more M&A announcements later during the week.

Bursa rendah di akhir dagangan

KUALA LUMPUR 22 Nov - Harga saham di Bursa Malaysia diniagakan lebih rendah pada umumnya, apabila pelabur mengambil sikap berhati-hati menjelang pengumuman data-data keluaran dalam negara kasar (KDNK) kerana pakar-pakar ekonomi menjangkakan pertumbuhan yang lebih lembap, kata seorang peniaga.

Pada pukul 5 petang, Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia (FBM KLCI) mengakhiri dagangan 2.85 mata lebih rendah pada 1,503.20 setelah dibuka 0.67 mata lebih tinggi pada 1,506.72.

"Jika keputusan suku ketiga di bawah purata 5.5 peratus KDNK, ini akan menjejaskan pasaran kerana negara jatuh di bawah kategori ekonomi berprestasi lemah," katanya.

Indeks Kewangan naik 23.02 mata kepada 13,779.50, Indeks Perladangan susut 19.87 mata kepada 7,738.87, Indeks Perusahaan turun 5.55 mata kepada 2,869.97 dan Indeks FBM Emas merosot 15.07 mata kepada 10,197.34.

Indeks FBM 70 turun 2.439 mata kepada 10,467.15 dan Indeks FBM Ace jatuh 106.01 mata kepada 4,478.40.

Jumlah dagangan mengecil kepada 968.588 juta saham bernilai RM1.165 bilion daripada 1.024 bilion saham bernilai RM1.436 Jumaat lepas.

Saham turun mengatasi saham naik dengan jumlah 397 berbanding 347 manakala 289 kaunter tidak berubah, 358 tidak diniagakan dan 49 yang lain digantung urus niaga.

Antara saham cergas, Time Dot Com naik 5.5 sen kepada 71 sen, HWGB menokok sesen kepada 37 sen, Time Engineering menambah 1.5 sen kepada 44 sen dan Salcon turun 4.5 sen kepada 78 sen.

Jumlah dagangan Pasaran Utama susut kepada 858.210 juta saham bernilai RM1.130 bilion berbanding 859.364 juta saham bernilai RM1.392 bilion pada Jumaat.

Waran mengecil jumlahnya kepada 42.124 juta unit bernilai RM7.817 juta daripada 64.692 juta unit bernilai RM11.399 juta yang dicatatkan minggu lepas.Pasaran ACE menyaksikan penyusutan jumlah dagangan kepada 61.155 juta saham bernilai RM25.816 juta daripada 96.765 juta saham bernilai RM31.717 juta Jumaat lepas.

Barangan pengguna menguasai 62.210 juta saham yang diniagakan dalam Pasaran Utama, barangan perusahaan 220.206 juta, pembinaan 54.435 juta, perdagangan dan perkhidmatan 263.217 juta, teknologi 15.79 juta, prasarana 49.09 juta, kewangan 43.95 juta, hotel 1.987 juta, harta 111.564 juta, perladangan 22.551 juta, perlombongan 7.87 juta, REIT 5.18 juta, dan dana tertutup 151,100. - Bernama

Market Review

Finishing higher. The FBM KLCI jumped 9.4 points to close at 1,506.05 on last minute buying on selected blue chips. Kulim, QSR and KFC stocks were suspended on Friday as Tan Sri Halim Saad made an offer to acquire Pizza Hut restaurant operator QSR Brands’ entire business, including its controlling stake in KFC. YTL Communication SB, a unit of YTL Power International Bhd, will roll out its 4G mobile internet-with-voice service, Yes, covering 80% of the population by end-2011. Motor vehicle sales for October rose 13% y-o-y to 52,297 units on improved supply as production increased. Bank Negara’s international reserves amounted to RM326.5bn as at 15 Nov 2010. Finally, the US market ended marginally higher while crude oil price was lower on Friday. Crude oil price fell USD0.44 to close at USD81.98/barrel. Malaysia’s 3QGDP results will be announced this evening.

Technical View

The CPO market is now consolidating the aggressive price rally it enjoyed after violating the RM2,700- RM2,800 major resistance level. CPO price has added about RM800 / tonne in a matter of a month.
Although the market gapped down by RM75 / tonne last Thursday and the price continued to tumble further by as much as RM151 / tonne, bargain hunters subsequently entered the market to support prices. The rebound was aggressive as the market even closed the intra-day gap during the day and ended only RM53 / tonne lower, recouping more than 50% of its losses from the worst level.
Last Thursday’s price action could potentially be a reversal signal for the recent consolidation phase. We have drawn a dotted downtrend line in the above daily chart. A break above this trend line would signal the end of  the price consolidation and also confirm the market’s intention to stay above the RM3,000 / tonne mark, as indicated by last Thursday’s impressive rebound from the day-low.
Anyhow, whether the market will continue to rebound from here and eventually break above the downtrend line, or the price may continue to retrace further, will not alter our bullish bias view towards the CPO futures market. Both near-term and mid-term technical outlooks of the CPO market will remain bullish as long as prices stay above the RM2,700-RM2,800 / tonne area. The fast appreciation of CPO prices of late basically reaffirms our view that the breakout from the RM2,800 / tonne level had substantially improved the futures market’s technical landscape.

From the current level, there is immediate resistance at the recent high of RM3,452 / tonne while the next very tough resistance for the CPO market is seen at the RM3,750 / tonne level. On the downside, there is initial support at the RM3,114 / tonne level, followed by the psychological RM3,000-mark.

Harga saham diramal meningkat

KUALA LUMPUR, 21 Nov. - Harga-harga saham di Bursa Malaysia dijangka diniagakan tinggi minggu depan berdasarkan petunjuk positif bahawa ekuiti Asia kini kembali stabil apabila kebimbangan bahawa China akan menaikkan kadar faedah semakin pudar.

Krisis hutang Eropah juga dibendung dengan berkesan oleh pembuat dasar di Eropah, kata seorang penganalisis, yang menambah ia bagaimanapun akan mengambil masa sebelum keyakinan pelabur dan aliran dana kembali ke benua itu.

Ketua Bahagian Penyelidikan Runcit Affin Investment Bank, Dr. Nazri Khan dalam e-mel kepada Bernama berkata, FBM KLCI dijangka stabil dalam lingkungan 1,500 dan 1,520 mata minggu depan berikutan sentimen yang semakin meningkat terhadap pasaran tempatan dan serantau.

Beliau berkata, kebanyakan pengurus dana mendapat rangsangan menerusi data ekonomi terbaharu, namun enggan memasuki pasaran sementara menunggu impak tindakan Amerika Syarikat yang mengurangkan langkah-langkah kuantitatifnya.

Dr Nazri juga berkata, empat pemangkin utama yang dijangka menggerakkan pasaran tempatan, dalam tempoh terdekat, dengan kemasukan dana asing yang semakin meningkat, berita mengenai kemungkinan penggabungan MRCB-IJML, UEMLand-Sunrise dan Maybank-OSK selain tawaran awam permulaan Petronas Chemicals Group.

"Berdasarkan carta, kami mendapati kedudukan teknikal FMKLCI semakin meningkat dengan sasaran serta-merta yang berikut ditambat pada 1,520 mata," katanya.

Bagi minggu yang baru berakhir, pasaran bergerak dalam jajaran kecil namun ditutup tinggi pada Jumaat dengan sentimen meningkat susulan rali di Wall Street serta minat belian yang kukuh saham-saham mewah.

Pasaran ditutup pada Rabu sempena sambutan Hari Raya Aidiladha.

Mengikut perbandingan Jumaat ke Jumaat, FBM KLCI ditutup 6.24 mata lebih tinggi pada 1,506.05 berbanding 1,499.81 sebelumnya.

Indeks Kewangan susut 60.13 mata kepada 13,756.48, Indeks Perladangan susut 13.02 mata kepada 7,758.74 namun Indeks Perusahaan menokok 15.94 mata kepada 2,875.52.

Indeks FMB Emas meningkat 34.57 mata kepada 10,212.41, FBM 70 menokok 69.28 mata kepada 10,469.59 namun Indeks FBM Ace berkurangan 70.43 mata kepada 4,584.41.

Jumlah dagangan mingguan berkurangan kepada 4.56 bilion saham bernilai RM6.166 bilion, berbanding 8.204 bilion saham bernilai RM11.334 bilion, yang diurusniagakan minggu lepas.

Jumlah dagangan di Pasaran Utama susut kepada 3.932 bilion unit, bernilai RM6.006 bilion, berbanding 7.067 bilion unit bernilai RM11.048 bilion sebelumnya.

Jumlah dagangan di Pasaran ACE berkurangan kepada 330.090 juta saham, bernilai RM104.408 juta, berbanding 566.774 juta saham, bernilai RM150.52 juta direkodkan minggu lepas.

Waran berkurangan kepada 280.945 juta unit bernilai RM50.685 juta berbanding 577.634 juta unit, bernilai RM117.75 juta yang direkodkan sebelumnya.

- Bernama

Technical View

The market was down by nearly 10 pts during the session but managed to recoup about 50% of the losses towards the last 10 minutes of trading on Tuesday. Nevertheless, the index surprisingly ended 1.98 pts higher after calculating the component stocks’ theoretical closing prices. We shall see if these gains are sustainable for the rest of the week.

Meanwhile, the FMB KLCI is still maintaining a safe posture at above last Friday’s low of 1,488 pts. Being able to sustain itself at above this level would prevent the index from retracing towards uptrend line 2. Having said that, remember the index has violated the uptrend line 1 and as long as it continues to trade at below the breakdown level, there is still a possibility of the market eventually retracing towards uptrend line 1. In the meantime, the breakdown from uptrend line 2 still needs to be confirmed as it was a breakdown from a short-term uptrend line. We have seen many times in the last few months how the index experienced a very short retracement period after violating a shortterm uptrend line.

No matter which of the scenarios mentioned above turns out to be, our view towards the near-term market has been the same, that is the index will continue to rise until the uptrend line 1 is taken out.

From the current level, there is immediate support at the 1,500-psychological mark, followed by the 1,488 pt-level and the 1,479 pt-level. To the upside, an overhead hurdle lies at the 1,512-1,514 pts area, followed by the record high of 1,532 pts.

Market Review

Broadly weaker. The FBM KLCI managed to claw back from a low of 1491.76 points to a 2-point gain to 1503.54 on Tuesday despite the meltdown in the global markets. Market breadth was however overwhelmingly negative, with 645 losers against 203 gainers. Asian bourses fell further yesterday but Europe managed to end the day without much change as did Wall Street. The laggard effect of the local market which was closed yesterday, should see some further weakness today. Today’s news headlines are Petronas will announce incentives for the oil and gas industry in due course, Faber reported a 53% jump in 3Q net profit, Sime Darby is considering selling off some businesses and seven directors resigned at its AGM, and Proton seeks to expand its relationship with Renault-Nissan alliance into passenger cars.

Pengambilan untung Bursa ditutup rendah

KUALA LUMPUR 11 Nov - Harga saham di Bursa Malaysia ditutup rendah hari ini dengan indeks penanda aras turun sebanyak hampir satu peratus apabila para pelabur mengambil keuntungan, dengan penurunan diterajui oleh saham-saham kewangan, kata para peniaga.

Pada 5 petang, Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia (FBM KLCI) turun sebanyak 14.31 mata atau 0.937 peratus ke paras terendahnya hari ini pada 1,513.7.FBM KLCI dibuka 1.39 mata lebih rendah pada 1,526.62 pada sesi pagi.

Selain pengambilan untung berikutan kenaikan baru-baru ini, pelabur juga mengambil pendekatan berhati-hati menjelang mesyuarat dasar monetari Bank Negara Malaysia esok, kata seorang penganalisis.

Pada sesi penutup hari ini, Indeks Kewangan turun 136.479 mata kepada 13,866.82, Indeks Perladangan susut 14.42 mata kepada 7,857.08 dan Indeks Perusahaan jatuh 35.17 mata kepada 2,876.96.

Indeks FBM Emas berkurangan 73.8 mata kepada 10,278.19, Indeks FBM 70 turun 41.29 mata kepada 10,482.88 tetapi Indeks FBM Ace meningkat 48.5 mata kepada 4,717.64.

Jumlah dagangan turun kepada 1.576 bilion saham bernilai RM2.279 bilion daripada 1.741 bilion saham bernilai RM2.274 bilion semalam.

Kaunter rugi mengatasi kaunter untung sebanyak 447 berbanding 381 manakala 287 kaunter tidak berubah, 280 tidak diniagakan dan 34 yang lain digantung.

Menerajui kaunter rugi ialah PPB Group yang turun 86 sen kepada RM18.50, British American Tobacco yang susut 80 sen kepada RM46.68, Hong Leong Bank yang berkurangan 25 sen kepada RM9.55 dan Hong Leong Financial Group yang jatuh 21 sen kepada RM8.90.

Jumlah dagangan Pasaran Utama turun kepada 1.375 bilion saham bernilai RM2.232 bilion daripada 1.504 bilion saham bernilai RM2.223 bilion semalam.

Waran susut kepada 96.791 juta unit bernilai RM21.151 juta daripada 114.529 juta unit bernilai RM21.717 juta sebelumnya.Perolehan dagangan di Pasaran ACE berkurangan kepada 96.152 juta saham bernilai RM23.257 juta daripada 112.350 juta saham bernilai RM26.171 semalam.

Barangan pengguna menyumbang 69.737 juta saham yang diniagakan di Pasaran Utama; barangan perusahaan 342.672 juta; pembinaan 110.260 juta; perdagangan dan perkhidmatan 408.598 juta; teknologi 27.461 juta; prasarana 23.859 juta; kewangan 110.187 juta; hotel 5.623 juta; hartanah 222.943 juta; perladangan 46.215 juta; perlombongan 1.446 juta; REITs 5.962 juta; dan dana tertutup 31,000. - Bernama

Technical View

Things continued to turn out as expected after the CPO market experienced the most important technical breakout since December 2008 after violating the massive “Ascending Triangle”. To re-cap, the market had previously experienced no less than seven failed breakout attempts at the resistance line of the “Ascending Triangle”, which was not taken out until last month.
CPO prices have been rallying aggressively since breaking above the “Ascending Triangle”. Not surprisingly,  the futures market was stuck at around the RM2,000-RM2,800 / tonne level for more than a year and a break above such a long period of consolidation would normally lead to aggressive price action.
The fast appreciation of CPO prices over the last 3 weeks or so basically reaffirms our view that the breakout  from the RM2,800 / tonne level had substantially improved the futures market’s technical landscape. Both near-term and mid-term technical outlooks of the CPO market are now aligned with a bullish bias.
The next very tough resistance for the CPO market is situated at the RM3,750 / tonne level. To the downside, there is initial strong support at the RM3,191-RM3,296 / tonne gap created two days ago. Another support is situated at the RM3,112 / tonne level.

Market Review

A record high. The FBM KLCI reached a new high, trending up 6.69 points to close at 1,526.5 on the back of strong buying interest in Maybank, CIMB and YTL group. Turnover surged to 1.6bn shares traded from 1.52bn shares the previous day. Today’s corporate news include IJM Bhd has secured a RM690m construction contract for a new hospital block in the Cancer Institute, PLUS Expressway has accepted the revised offer of RM4.60/share from UEM-EPF to acquire all the assets and liabilities of PLUS with the proposal now progressing for a shareholder vote, Hartalega reported a 42.3% y-o-y increase in 2QFY11 net profit and Supermax has set a targeted 15% to 20% earnings growth for FY11. The market is also rife with a number of  privatization rumours. Taking the cue from Dow Jones’ weaker close overnight, we expect some profit taking to creep into the local bourse today after three consecutive days of gains.

Lonjakan bersejarah bursa

KUALA LUMPUR 9 Nov. - Pasaran saham tempatan hari ini terus cemerlang apabila indeks penanda arasnya mencatatkan paras tertinggi baharu dalam sejarahnya, didorong oleh prospek pertumbuhan tinggi dan aliran cergas dana asing memasuki Bursa Malaysia.

Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia (FBM KLCI) menokok 6.69 mata kepada 1,526.53 berbanding 1,519.84, semalam.

Selepas meningkat selama enam minggu berturut-turut, FBM KLCI, semalam ditutup mengatasi paras tertinggi yang dicatatkan pada Januari 2008 apabila mencecah paras 1,516 mata.

Pengarah Eksekutif Urusniaga Jupiter Securities Sdn. Bhd., Nazzary Rosli berkata, pasaran modal tempatan kini berada dalam dimensi baharu yang memungkinkan terciptanya satu penanda aras baharu.

"Paras hari ini menjadi persoalan kepada semua kerana ia merupakan satu persimpangan.

"Apakah ia akan terhenti di sekitar angka itu atau terus meningkat sekali gus mencipta satu penanda aras yang baharu kepada Bursa Malaysia?" katanya.

Beliau berpendapat, untuk tempoh terdekat, FBM KLCI masih mempunyai ruang meningkat lebih tinggi sekiranya semua faktor positif itu kekal berterusan.

Nazzary bagaimanapun berkata, sukar untuk diramalkan aliran berkenaan kerana persekitaran ekonomi global amat terdedah kepada sebarang kemungkinan.

"Saya menjangkakan ia mungkin mampu meningkat 50 mata lagi dalam tempoh terdekat, tetapi harus diingat iklim ekonomi Amerika Syarikat (AS) masih tidak menentu dan segala kemungkinan perlu diambil kira," katanya.

Beliau juga menambah, pengukuhan indeks utama juga tidak menyeluruh tetapi hanya bergantung kepada beberapa sektor terutama saham-saham mewah yang kukuh asasnya.

Selain itu, kata Nazzary, pengukuhan ringgit juga menjadi antara faktor peningkatan aliran dana ke Bursa Malaysia apabila pelabur asing menukar dolar AS kepada ringgit sebelum membeli saham terutama di kaunter-kaunter mewah.

"Mereka membuat keuntungan berganda apabila menukar dolar AS kepada ringgit yang semakin mengukuh dan kemudiannya melabur di dalam kaunter-kaunter mewah yang sekali gus meningkatkan harga saham tersebut," tambahnya.

Manakala aliran cergas penglibatan pelabur asing pula, dilihat hasil daripada langkah Rizab Persekutuan AS menyuntik dana bernilai AS$600 bilion bagi merangsang ekonomi Amerika Syarikat sekali gus meningkatkan kecairan di dalam pasaran.

"Lebihan kecairan mendorong pelabur mencari aset berkualiti terutama di pasaran yang sedang berkembang seperti Malaysia dan negara-negara serantau," kata Ketua Pakar Ekonomi RAM Holdings Bhd., Dr. Yeah Kim Leng.

Beliau juga berpendapat, prospek pertumbuhan ekonomi Malaysia yang positif adalah hasil Program Transformasi Ekonomi yang dilaksanakan.

''Ia menjadi menjadi faktor penyumbang ke arah peningkatan dana ke dalam Bursa Malaysia,'' kata Kim Leng lagi..

Sementara itu, Ketua Ekonomi Sime Darby Bhd., Azrul Azwa berkata, kadar faedah di negara ini yang lebih tinggi berbanding Eropah dan Amerika mendorong pelabur untuk memilih Malaysia selain prospek pertumbuhan yang menggalakkan.

"Kadar faedah yang tinggi di Malaysia membolehkan pelabur-pelabur ini mengaut keuntungan berbanding jika mereka melabur di Amerika dan Eropah," katanya.

Dari LT International Futures (M) Sdn Bhd

PHMSM melonjak 4% lebih tinggi di awal dagangan ekoran dari gugusan bahawa akan berlakunya masalah bekalan akibat banjir yang melanda dan peningkatan harga minyak soya. Tindakan AS terhadap polosi kewangam mereka yang kelihatan akan mengekalkan kadar faedah hampir pada 0% telah mengalihkan pelaburan kepada pasaran kewangan dan komoditi dan mengarahkan kecenderungan kepada inflasi. Dorap Mistry telah mengatakan bahawa pasaran minyak sawit akan didagangkan di paras RM3,300 an pada masa terdekat akibat daripada keadaan cuaca yang tak menentu. Analisa teknikal telah memberi indikasi bahawa pasaran berkecenderungan untuk menuju ke paras RM3387 berdasarkan keadaan momentum yang kuat.

Market Review

A new record. The market raced to a record closing high of 1519.84 pts as the latest dose of quantitative easing (QE2) in the US raised optimism of more money flowing into emerging markets and the region. Market  breadth was overwhelmingly positive from the opening bell, with gainers thumping losers 2-to-1 with a brisk 1.5m shares exchanging hands. Supermax reported a decline in 3Q earnings due to the combined effects of the weakening USD and high latex prices; AZRB exits its 21.3% stake in EPIC while F&N shareholders will  receive a windfall dividend of RM1.38 per share. We would not be surprised if the FBM KLCI takes a short-term breather today with US markets retreating yesterday, snapping a 5-week winning streak on the S&P on concerns over Irish debt potentially dampening demand for riskier assets.

Dagangan Bursa Malaysia kukuh

KUALA LUMPUR 8 Nov - Harga-harga saham di Bursa Malaysia ditutup kukuh hari ini di celah-celah sentimen menggalakkan saham-saham perladangan dan kerancakan harga minyak sawit mentah tetapi kegiatan pengambilan untung telah menyekat keuntungan seterusnya, kata seorang peniaga.

Pada pukul 5 petang, Indeks Komposit FTSE Bursa Malaysia Kuala Lumpur (FBM KLCI) menokok 8.1 mata kepada 1,519.84 selepas dibuka 5.27 mata lebih tinggi pada 1,517.01.

Ia mencecah paras tinggi sesi pagi pada 1,522.77, mengukuh 11.03 mata.

Indeks Kewangan melonjak 55.34 mata kepada 13,815.72, Indeks Perladangan menambah 169.97 mata kepada 7,886.3, Indeks Perusahaan lebih tinggi 16.74 mata kepada 2,921.62 dan Indeks FBM Emas Index mengukuh 64.99 mata kepada 10,296.42.Indeks FBM 70 pula 73.31 mata lebih tinggi pada 10,491.29 dan Indeks FBM Ace menokok 164.63 mata kepada 4,608.72.

Jumlah dagangan menambah kepada 1.520 bilion saham bernilai RM2.252 bilion daripada 1.278 bilion saham bernilai RM1.61 bilion Khamis lepas. Pasaran ditutup pada hari Jumaat sempena sambutan Hari Deepavali.

Saham-saham untung mengatasi saham rugi dengan 592 berbalas 289 sementara 253 kaunter tidak berubah, 262 tidak diniagakan dan 34 yang lain digantung.

Saham perladangan menguasai senarai yang mengaut keuntungan hari ini dengan Kulim mengukuh sebanyak 96 sen kepada RM12.90, KL Kepong bergerak naik 82 sen kepada RM20.62. Yang lain-lainnya, IOI Corp mengembang 11 sen kepada RM5.97 dan Sime Darby menokok 10 sen kepada RM9.03.

Di kalangan saham aktif, Jotech meningkat satu sen kepada 11.5 sen sementara Sunrise menambah 70 sen kepada RM3.22 selepas UEM Land memperolehi 40 peratus bagi bidaannya untuk mengambilalih syarikat.

Jumlah dagangan di pasaran ACE menambah kepada 124.332 juta saham bernilai RM33.125 juta daripada 102.287 juta saham bernilai RM18.85 juta pada Khamis.

Produk pengguna menguasai 64.454 juta saham yang diniagakan di Pasaran Utama; produk perindustrian 295.912 juta; pembinaan 65.328 juta; urus niaga dan perkhidmatan 385.253 juta; teknologi 20.841 juta; infrastruktur 28.291 juta; kewangan 72.745 juta; perhotelan 3.076 juta; hartanah 278.080 juta; perladangan 72.418 juta; perlombongan 5.657 juta; REIT 6.495 juta; dan dana tertutup 62,900. - Bernama

Market Review

Trending higher. The FBM KLCI rose 4.14 points to 1,511.74. UEM Land Holdings Bhd’s proposed takeover of Sunrise Bhd for RM1.39bn or RM2.80/share has received an acceptance level of 40.3%.  Elsewhere, MCA bought a 42.4% stake in Star Publication (M) Bhd for RM1.28bn, or RM4.09/share, from its 100% subsidiary, Huaren Holdings SB. Finally, both the US market and crude oil price ended marginally higher last Friday, with crude oil price closing at USD86.85, up by USD0.36/barrel.

Harga kekal meningkat

KUALA LUMPUR 7 Nov. - Harga-harga saham di Bursa Malaysia dijangka meneruskan aliran meningkatnya minggu depan, disokong oleh aliran masuk modal berpotensi ke rantau ini.

Para peniaga berkata, pasaran sudah hampir mencecah paras kemuncak sebelum ia ditutup pada Jumaat sempena Deepavali.

Indeks Komposit FTSE Bursa Malaysia Kuala Lumpur (FBM KLCI) ditutup pada 1,511.74, atau 6.08 mata lebih tinggi berbanding 1,505.66 minggu lepas. Paras tertingginya ialah 1,516, yang direkodkan pada 11 Jan, 2008.

Indeks FBM Emas meningkat 59.50 mata kepada 10,231.36 mata berbanding 10,171.86 dan Indeks FBM Ace melonjak 113.78 mata kepada 4,444.09 daripada 4,330.31.

Indeks Kewangan menokok 40.96 mata kepada 13,760.38 mata berbanding 13,719.42, Indeks Perusahaan meningkat 7.84 mata kepada 2,904.88 berbanding 2,897.04 manakala Indeks Perladangan menokok 130.76 mata kepada 7,716.33 daripada 7,585.57.

Jumlah dagangan mingguan meningkat kepada 5.075 bilion saham bernilai RM6.168 bilion berbanding 6.275 bilion saham bernilai RM8.958 bilion minggu lepas.

Pasaran Utama berkurangan kepada 4.428 bilion unit bernilai RM4.610 bilion berbanding 5.478 bilion unit bernilai RM8.794 bilion.

Jumlah dagangan di Pasaran ACE Market berkurangan kepada 302.470 juta saham bernilai RM93.093 juta berbanding 426.184 juta saham bernilai RM78.601 juta.

Waran berkurangan kepada 208.815 juta unit bernilai RM38.549 juta berbanding 324.157 juta unit bernilai RM64.835 juta. - Bernama

Nota dari LT International Futures (M) Sdn Bhd