Business News - 23 Feb, 2015

Maybank, KLK and Uzma top losers in early trade after the long break for the Chinese New Year

Maybank, Kuala Lumpur Kepong and Uzma were among the biggest decliners in early Monday trade as investors awaited more fresh leads after the long break for the Chinese New Year holidays.
At 9.21am, the FBM KLCI was down 1.12 points or 0.06% to 1,806.75. Turnover was 291.59 million shares valued at RM112.88mil. There were 180 gainers, 132 losers and 194 counters unchanged.

Little respite for the ringgit

Cheap airfare is a boon for holidaymakers going overseas, but Malaysians can’t help but feel a little short-changed after a trip to money changers.
Take the Thai baht, which had advanced 13.2% over the past six months. At 8.93 last week, the baht is at its most expensive against the ringgit since 2007.

KLCI to trend higher as sentiment perks up.

BIMB Securities Research expects the FBM KLCI to trend higher on Monday after the long break for the Chinese New Year holidays, in line with the improved buying sentiment.
In its market outlook, the research house sees the 1,810 to 1,820 as the immediate resistance level.

Bursa welcomes ‘Chinese New Year’ on a positive note

Bursa Malaysia opened on a positive note in welcoming the year of the goat in the Chinese calendar bolstered by buying interest in certain bluechips, dealers said.
At 9.11 am, the key index stood at 1,808.56, up 0.69 of-a-point, after opening 3.14 points higher at 1,811.01. The bullish sentiment was also in tandem with an upbeat overnight Wall Street on Friday.

FTSE Bursa Malaysia update: 11.30am

At 11.30 a.m. today, there were 333 gainers, 275 losers and 261 counters traded unchanged on the Bursa Malaysia.
The FBM-KLCI was at 1,808.38 up 0.51 of a point, the FBMACE was at 6,635.59 up 26.81 points, and the FBMEmas was at 12,471.00 up 18.50 points.


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