Market Closing Update

MALAYSIAN shares ended higher on Monday with the Kuala Lumpur Composite Index adding 8.46 points to close at 1,821.83.

Some 1.92 billion lots, valued at RM1.71 billion were traded. Gainers numbered 400 while losers numbered 383.

Asian Market Update

Asian markets mostly rose Monday after Wall Street's three main indexes ended last week with their first gains in five sessions, while Hong Kong and Shanghai were boosted by hopes for more Chinese economic stimulus.

The euro held its own against the dollar and yen at the beginning of a week of key events, including Greece's bailout reform proposals and the release of US jobs data, which will be pored over for clues about the Federal Reserve's plans for interest rates.

Tokyo edged up 0.26 per cent, with investors brushing off news that Japanese factory output had fallen by more than expected in February.

Market Closing Update

MALAYSIAN shares ended lower on Friday with the Kuala Lumpur Composite Index slipping 5.05 points to close at 1,813.37.

Some 1.64 billion lots, valued at RM1.82 billion were traded. Gainers numbered 354 while losers numbered 391.

Asian markets edge higher after upbeat US data

Asian stocks crawled higher on Friday as upbeat U.S. economic data helped revive some risk appetite lost following air strikes on Houthi militants in Yemen, while the dollar rebounded.

Crude oil prices were slightly lower on the dollar's bounce after surging overnight on the escalating conflict in Yemen.

The euro was flat at $1.0883, knocked off an overnight high of $1.1052 after the encouraging U.S. data boosted the dollar.

The dollar stood was at 119.17 yen after pulling back from a five-week trough of 118.33 struck overnight against the yen, a safe-haven currency that attracts bids in times of geopolitical tension.

U.S. crude was down 1 percent at $50.87 a barrel after rallying 4.5 percent overnight.

Market Closing Update

MALAYSIAN shares ended lower on Thursday with the Kuala Lumpur Composite Index slipping 0.68 points to close at 1,818.42.

Some 2.44 billion lots, valued at RM1.95 billion were traded. Gainers numbered 426 while losers numbered 397.

Asian Market Update

Asian markets wound back on Thursday, in line with a hefty sell-off on Wall Street, after surprisingly weak US data hinted at ongoing weakness in the world's number one economy.

The euro maintained its recent strength against the dollar and yen, boosted by receding expectations of an early US rate hike and upbeat indicators out of the eurozone.

Oil prices also enjoyed support from concerns about unrest in the crude-rich Middle East following news that Saudi Arabian jets had struck rebel positions in neighbouring Yemen.

In early trade Tokyo sank 1.56 per cent from a 15-year high, while Sydney lost 1.30 per cent, Seoul shed 0.74 per cent, Hong Kong shed 0.30 per cent and Shanghai slipped 0.55 per cent.

KLSE Daily Market Commentary

The FBM KLCI index gained 5.06 points or 0.28% on Wednesday. The Finance Index increased 0.48% to 16080.99 points, the Properties Index dropped 0.76% to 1302.55 points and the Plantation Index rose 0.16% to 7807.83 points. The market traded within a range of 11.01 points between an intra-day high of 1823.19 and a low of 1812.18 during the session.

Actively traded stocks include ASIABIO, GENETEC, PRIVA, MPAY, MQTECH, AWC, WINTONI, KRONO, KNM and CLIQ-WA. Trading volume increased to 2039.22 mil shares worth RM2122.13 mil as compared to Tuesday’s 1945.73 mil shares worth RM1833.91 mil.

The KLCI extended yesterday’s gains by ending 5.06 points higher at 1819.10, despite overnight losses in US markets as the US dollar rose after U.S. consumer prices rebounded in February coupled with growth in its manufacturing sector. The gain in our benchmark index was underpinned by buying in heavyweight counters, led by IHH Healthcare, Maybank and Sapura Kencana.

Market Closing Update

MALAYSIAN shares ended higher on Tuesday with the Kuala Lumpur Composite Index adding 18.19 points to close at 1,814.04.

Some 1.95 billion lots, valued at RM1.84 billion were traded. Gainers numbered 400 while losers numbered 415.

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Asian Market Update

Asian equity markets turned lower on Tuesday after a gauge of Chinese manufacturing plunged to an 11-month low in March, while the euro was boosted by hopes of a breakthrough in Greece's bailout talks with Germany.

Comments from the US Federal Reserve's vice chairman suggesting interest rates would rise slower than expected put further downward pressure on the dollar.

Shanghai - which rose Monday for a ninth straight session to a near seven year high - sank 0.60 per cent, while Hong Kong lost 0.33 per cent.

Tokyo shed 0.19 per cent and Seoul was 0.11 per cent lower. Sydney was flat.

Asian Market Update

Asian markets mostly advanced Monday following rallies on Wall Street and in Europe, while the dollar continued to struggle after the Federal Reserve dampened expectations for an early interest rate hike.

Tokyo rose 0.83 per cent, Hong Kong gained 0.37 per cent, Seoul added 0.10 per cent and Shanghai was up 0.63 per cent, marking a ninth successive rise. Sydney eased 0.34 per cent.

With few catalysts to drive business early in the week investors took their lead from their US counterparts, who have been cheered by the Fed's dovish comments on rates.