BURSA MALAYSIA >>> Market Overview

Please click on images to ENLARGE

Despite the broader market closing lower, the benchmark index settled higher for the fourth straight day Tuesday on lower volume.The FBM KLCI added 4.67 points or 0.36% to 1,288.07 points. It opened 3.00 points higher at 1,286.40 points and traded between 1,285.96 and 1,292.81 points during the day, representing a trading band of 6.85 points.Market breadth was however negative with losers leading gainers 405 to 323 on a lower volume of 839 million shares valued at RM1,550 million against 1,052 million shares worth RM1,747 million Monday.
The Finance Index rose 80.22 to 11341.58 points, the Properties Index fell 3.34 to 778.17 points and the Plantation Index increased 34.13 to 6389.43points.

Dealers said the overall market was cautious, as investors sentiment remained fragile, amid potential volatility in global stock markets. Maybank Investment Bank Equity Research said the FBM KLCI may revisit the 1,300 points and 1,308 points levels.

The CI last hit the 1,300 points on January 19, and went on to see 1,308.36 on January 21 this year.

"However, the FBM KLCI may still remain volatile. We believe clients should adopt a short-term trading approach as global markets are still not steady," a report released by the research house said.

Actively traded stocks include AXIATA, MULPHA-OR, TALAM, RAMUNIA, CIMB, GENTING, KNM, YTLPOWER, MAYBANK and IOI.

Top Gainers were HAIO (+46 sen to RM10.50), KLK (+34 sen to RM17.00), TANJONG (+30 sen to RM17.96), RALCO (+26.5 sen to RM0.95) and CIMB (+26 sen to RM13.72).

Top Losers were LOH&LOH (-36 sen to RM4.60), APM (-22 sen to RM3.78), KASSETS (-17 sen to RM2.82), LDAUN (-16 sen to RM0.53) and LIIHEN (-16 sen to RM1.08).