Bursa Alert
Global Market
NewsMarket Close KLCI rises 0.03% to new high
Page 1 of 1
Market Close KLCI rises 0.03% to new high
by Cals Wed 15 May 2013, 00:37
Market Close KLCI rises 0.03% to new high
Business & Markets 2013
Written by Kamarul Anwar of theedgemalaysia.com
Tuesday, 14 May 2013 17:32
A + / A - / Reset
KUALA LUMPUR (May 14): The FBM KLCI rose 0.53 point or 0.03% to continue its streak of record close today.
At 5pm, the benchmark settled at 1,788.43 points after exhibiting a teetering trading pattern.
The KLCI was nudged up by IOI Corp Bhd after it announced its plans to list its property business. Gains Kuala in Lumpur Kepong Bhd (KLK) and SIME DARBY BHD [] had also supported the KLCI.
An analyst from a broking firm told theedgemalaysia.com that when the benchmark hit its day high of 1,793.15 points at 9:55am, investors scaled up selling to avoid reaching the 1,800-point psychological level.
“These traders who had bought early started to take profit when it reached the (psychological) level,” the analyst said.
The analyst said when there were more sellers than buyers, the stocks saw a pullback. As such, investors had to sell at lower prices.
Across the exchange, a total of 2.25 billion shares worth RM2.68 billion were traded. Losers thumped gainers at 504 and 398 respectively.
Naim Indah Corp Bhd was today’s most-active stock, followed by CLIQ Energy Bhd warrants and Ariantec Global Bhd.
Top gainers were BRITISH AMERICAN TOBACCO (M) [] Bhd, GUINNESS ANCHOR BHD [] and NESTLE (M) BHD [].
Top losers included CAN-ONE BHD [], Lafarge Malaysian Cement Bhd and BATU KAWAN BHD [].
Across Asia Pacific, Japan’s Nikkei closed 23.79 points or 0.16% lower, Hong Kong’s Hang Seng dropped 59.53 points or 0.26% while China’s Shanghai Composite was down 24.8 points or 1.11%.
Australia’s ASX 200 rose 10.65 points or 0.2%, South Korea’s Kospi gained 20.13 points or 1.03% while Singapore’s Straits Times closed 3.09 points or 0.09% higher.
According to Reuters, Asian shares steadied on Tuesday, snapping a two-day losing streak as a suprising rise in US retail sales boosted optimism about the recovery in the world's largest economy, but the dollar took a breather after recent broad gains ahead of more data.
Business & Markets 2013
Written by Kamarul Anwar of theedgemalaysia.com
Tuesday, 14 May 2013 17:32
A + / A - / Reset
KUALA LUMPUR (May 14): The FBM KLCI rose 0.53 point or 0.03% to continue its streak of record close today.
At 5pm, the benchmark settled at 1,788.43 points after exhibiting a teetering trading pattern.
The KLCI was nudged up by IOI Corp Bhd after it announced its plans to list its property business. Gains Kuala in Lumpur Kepong Bhd (KLK) and SIME DARBY BHD [] had also supported the KLCI.
An analyst from a broking firm told theedgemalaysia.com that when the benchmark hit its day high of 1,793.15 points at 9:55am, investors scaled up selling to avoid reaching the 1,800-point psychological level.
“These traders who had bought early started to take profit when it reached the (psychological) level,” the analyst said.
The analyst said when there were more sellers than buyers, the stocks saw a pullback. As such, investors had to sell at lower prices.
Across the exchange, a total of 2.25 billion shares worth RM2.68 billion were traded. Losers thumped gainers at 504 and 398 respectively.
Naim Indah Corp Bhd was today’s most-active stock, followed by CLIQ Energy Bhd warrants and Ariantec Global Bhd.
Top gainers were BRITISH AMERICAN TOBACCO (M) [] Bhd, GUINNESS ANCHOR BHD [] and NESTLE (M) BHD [].
Top losers included CAN-ONE BHD [], Lafarge Malaysian Cement Bhd and BATU KAWAN BHD [].
Across Asia Pacific, Japan’s Nikkei closed 23.79 points or 0.16% lower, Hong Kong’s Hang Seng dropped 59.53 points or 0.26% while China’s Shanghai Composite was down 24.8 points or 1.11%.
Australia’s ASX 200 rose 10.65 points or 0.2%, South Korea’s Kospi gained 20.13 points or 1.03% while Singapore’s Straits Times closed 3.09 points or 0.09% higher.
According to Reuters, Asian shares steadied on Tuesday, snapping a two-day losing streak as a suprising rise in US retail sales boosted optimism about the recovery in the world's largest economy, but the dollar took a breather after recent broad gains ahead of more data.
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Market Close KLCI rises 27.42pts to close at intraday high
» Market Close KLCI rises 0.9% to new record close on continuous post-election rally
» Flash KLCI rises 3% to close at new high of 1752.02 pts
» Market Close KLCI gains 1.41% to new high
» Market Close KLCI gains 1% to day's high
» Market Close KLCI rises 0.9% to new record close on continuous post-election rally
» Flash KLCI rises 3% to close at new high of 1752.02 pts
» Market Close KLCI gains 1.41% to new high
» Market Close KLCI gains 1% to day's high
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum