Malaysia was the only beneficiary of inflows have also attracted the comeback of foreign funds and also, foreign participation remained robust.

Malaysia: Foreign inflows into stocks listed on Bursa Malaysia took a breather last week but marked its fourth week of inflows, with net amount acquired amounted to RM24.6 million, said MIDF Research.

The foreign inflows last week marked the longest streak since the week ended December 29, 2017 to February 2, 2018.

MIDF said it was a modest start to the week as foreign investors bought RM35.9 million net of local equities on Monday. However, panic conquered markets on Tuesday fueled by worries of increasing US Treasury yields could prompt more outflows from emerging markets.

As a consequence, global funds withdrew RM191.4 million net of equities on Tuesday, the highest since March 28.

MIDF said the FBMKLCI followed suit to decline the most in two weeks by 0.8 per cent on the same day.

It said although concerns on rising US Treasury yields continue to linger, attrition on Bursa Malaysia gradually receded thereafter until RM9.2 million net on Thursday, buoyed by stable crude oil prices.

MIDF said global investors returned strongly to Malaysia on Friday, snapping up RM277.3 million net while the FBMKLCI was back above 1,860 points after two days remaining below that level.

“Among the four Asean exchanges we track, Malaysia was the only beneficiary of inflows that day. We opine that investors took cue from the positive vibes of the meeting between the two Koreas which also attracted the comeback of foreign funds into North Asia, namely South Korea and Taiwan,” it said.

MIDF said with only one-trading day left, April is set to be the first month of inflows since January 2018 as the month-to-date figure shows an inflow of RM1.26 billion net, bringing the year-to-date inflow of RM3.46 million net.

MIDF said foreign participation remained robust as the average daily trade value (ADTV) stood above the RM1 billion level for the 16th week this year.

The retail market meanwhile took a hit as its Average Daily Trading Volume (ADTV) reached the lowest in 10 weeks at RM772.8 million.

During the week, Genting Malaysia Bhd registered the highest net money inflow of RM27.42 million, followed by Tenaga Nasional Bhd at RM9.55 million and British American Tobacco Bhd at RM9.48 million.

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Malaysia Ringgit opened easier, However, the local note depreciates on a bullish testing level against a basket of other major currencies.

Malaysia: The ringgit opened easier against the US dollar today as the greenback is “on a bullish testing level,” a dealer said.

At 9am, the local unit was quoted at 3.9190/9220 from 3.9150/9200 at Thursday’s close.

Meanwhile, the ringgit traded higher against a basket of other major currencies.

It rose against the Singapore dollar to 2.9508/9538 from 2.9512/9554; improved to 5.4533/4594 from 5.4567/6649 vis-a-vis the British pound; and advanced to 4.7439/7488 from 4.7669/7742 compared to the euro.

However, the local note depreciated versus the yen to 3.5855/5893 from 3.5812/5874.

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#Ringgit opened mostly higher; marginally against Singapore dollar, improved against Japanese yen, rose slightly against British pound, increased versus euro

Malaysia: The ringgit extended losses from yesterday to open lower against the US dollar, as the greenback continued its rise on the back of improving US bond yields.

At 9am, the local note was quoted at 3.9150/9200 compared to 3.9100/9130 on Wednesday.

However, the ringgit opened mostly higher against a basket of other major currencies.

It eased marginally against the Singapore dollar to 2.9480/9529 from 2.9474/9508 on Wednesday, but improved against the Japanese yen to 3.5776/5832 from 3.5839/5876.

The local unit rose slightly against the British pound to 5.4571/4645 from 5.4576/4629, and increased versus the euro to 4.7653/7722 from 4.7718/7770.

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Bursa on the broader market, losers led gainers follows current lack of catalysts to boost investors’ appetite weigh down.

Malaysia: Bursa Malaysia opened lower this morning in tracking the weaker performance of regional bourses and amid continued concerns over rising US bond yields.

At 9.05 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) traded at 1,862.71, down 2.63 points from Tuesday’s 1,865.34.

The index opened 1.86 points easier at 1,863.48.

On the broader market, losers led gainers 218 against 55, while 114 counters were unchanged, 1,525 untraded and 30 others suspended.

Volume stood at 102.29 million units valued at RM38.55 million.

Maybank IB Research said the FBM KLCI fell for the third consecutive day yesterday in plunging 15.02 points to 1,865.34, spooked by rising US yields.

“The weaker overnight performance of US markets, could continue to weigh down domestic sentiment, as well as the current lack of catalysts to boost investors’ appetite.

“Technically, we expect the FBM KLCI to trade between 1,850 and 1,880 today. Downside supports are 1,857 and 1,833,” it added.

Among heavyweights, Maybank fell four sen to RM10.58, CIMB eased one sen to RM7.21, Public Bank bagged two sen to RM24.12, while Tenaga and Petronas Chemicals were flat at RM15.88 and RM8.49 respectively.

For actives, Sapura Energy shed 2.5 sen to 68 sen, Hibiscus fell 3.5 sen to 79 sen, Hibiscus warrant slid two sen to 37.5 sen, while Xinghe and Globaltec eased half-a-sen each to five sen and 4.5 sen respectively.

The FBM Emas Index was 39.86 points lower at 12,934.55, the FBMT 100 Index fell 36.88 points to 12,753.71 and the FBM Emas Shariah Index slipped 49.64 points to 13,082.06.

The FBM 70 dropped 101.13 points to 15,185.11 and the FBM Ace eased 27.48 points for 5,294.98.

Sector-wise, the Industrial Index gained 3.21 points to 3,215.0 and the Plantation Index improved 0.06 of a point to 7,992.02 while the Finance Index slipped 36.03 points to 18,269.01.

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#Ringgit traded higher against major currencies on the back of higher US Treasury yields to move even higher.

Malaysia: The ringgit opened easier against the US dollar today on the back of higher US Treasury yields, a dealer said. At 9.25 am, the local unit was quoted at 3.9060/9090 from 3.8965/8995 recorded at Monday’s close.

OANDA Head of Trading Asia-Pacific, Stephen Innes said Malaysian local bonds continued to sell off throughout yesterday’s session, around weakening risk sentiment embracing the upcoming general elections and rising US Treasury yields.

“The Malaysian bond market look poised to continue declining ahead of the elections and even more so, as US Treasury yields look poised to move even higher,” he told Bernama.

Innes said despite the long-term supportive underlying structure from higher oil prices, the short-term election drivers and a broadly stronger greenback will continue to put downward pressure on the ringgit, near term.

“We could see a test of the critical RM3.90 per dollar level,” he added.

The ringgit traded higher against a basket of major currencies.Against the Singapore dollar, it rose to 2.9433/9473 from 2.9452/9481 and appreciated versus the yen to 3.5884/5915 from 3.6005/6043.

The ringgit improved to 5.4387/4433 from 5.4411/4464 vis-a-vis the British pound and advanced to 4.7630/7678 from 4.7658/7706 when compared with the euro.

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Bursa bullish outlook on Bursa Malaysia remains intact has also, Volume stood at 77.21 million reinforced by the positive trending indicators.

Malaysia: Bursa Malaysia opened higher this morning after taking a breather on last Friday on profit-taking.

At 9.06 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) traded at 1,890, up 2.31 points from last Friday’s 1,887.75.

The index opened 2.71 points higher at 1,890.46.

On the broader market, losers led gainers 102 against 88, while 167 counters were unchanged, 1,557 untraded and 18 others suspended.

Volume stood at 77.21 million units valued at RM26.39 million.

A dealer said the bullish outlook on Bursa Malaysia remains intact after scoring an all-time high of 1,895.18, up 15.86 points on Thursday and despite closing lower on Friday.

“The technical outlook of the FBM KLCI remains with a bullish-bias. The upside-bias outlook is also reinforced by the positive trending of momentum indicators,” he added.

TA Securities said the immediate uptrend support on pullbacks was at 1,874 and looking ahead, a convincing breakout above 1,896 high should aim for 1,921.

Among heavyweights, Maybank fell six sen to RM10.66, Public Bank shed two sen to RM24.18, Tenaga bagged four sen to RM15.96, while Petronas Chemicals and CIMB gained two sen each to RM8.50 and RM7.32 respectively.

For actives, Panpage bagged 1.5 sen to 28 sen, Sapura Energy eased half-a-sen to 75 sen, while Borneo Oil, K-Star warrant and Hubline were flat at eight sen 4.5 sen and 12 sen.

The FBMT 100 Index rose 10.15 points to 12,986.17, the FBM Emas Shariah Index gained 23.35 points to 13,373.42, the FBM Ace grabbed 16.42 points for 5,460.54 and the FBM Emas Index was 6.45 points better at 13,174.99.

The FBM 70 slid 7.35 points to 15,609.68.

Sector-wise, the Industrial Index bagged 9.31 points to 3,294.01 and the Plantation Index improved 19.15 points to 8,013.04.But, the Finance Index declined 30.58 points to 18,457.26.

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Lack of market demand causes ringgit opened easier against the US dollar. Also, the local unit was quoted at 3.8900/8950 from 3.8890/8920 recorded

Malaysia: The ringgit opened easier against the US dollar today on lack of market demand.

At 9.01am, the local unit was quoted at 3.8900/8950 from 3.8890/8920 recorded at Thursday’s close.

However, the ringgit traded higher against a basket of other major currencies.

It rose against the Singapore dollar to 2.9627/9683 from 2.9694/9728, and appreciated versus the yen to 3.6203/6260 from 3.6214/6252.

The local note improved to 5.4787/4861 from 5.5204/5263 vis-a-vis the British pound, and advanced to 4.8026/8095 from 4.8103/8144 compared to the euro.

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Bursa market could consolidate sideways on profit-taking that was 152 gainers against 69 losers, while 134 counters unchanged, 1,557 untraded and 26 others suspended.

Malaysia: Bursa Malaysia opened higher this morning supported by buying in key heavyweight counters.

At 9.05 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) improved 6.60 points to 1,885.92 from Wednesday’s closing of 1,879.32.

The index opened 9.50 points better at 1,888.83.

On the broader market, there were 152 gainers against 69 losers, while 134 counters were unchanged, 1,557 untraded and 26 others suspended.

Volume stood at 162.63 million units valued at RM66.12 million.

Maybank Investment Bank Research said yesterday’s late buying support on selected blue chips helped to narrow losses, however, negative sentiment remained in the broader market.

“For today, the market could consolidate sideways in the near term as profit-taking accelerates near the 1,880 level, which is our end-2018 KLCI target.

“Technically, we expect the FBM KLCI to trade between 1,870 and 1,900 today,” it said in a note.

Among heavyweights, Maybank gained two sen to RM10.62, PBBank bagged four sen to RM24.04, PChem added 12 sen to RM8.57, while Tenaga and CIMB were both unchanged at RM15.92 and RM7.30, respectively.

Among the advancers, Allianz and KLK both rose 36 sen to RM11.00 and RM25.86, respectively, PetDag added 24 sen to RM27.10, PetGas improved 18 sen to RM18.70 while F&N and PPB both increased 16 sen to RM33.16 and RM18.62, respectively.

For actives, SapNRG was up two sen to 75 sen, Sumatec, Perisai and MMAG inched up half-a-sen each to seven sen, five sen and 25.5 sen, respectively, while Nexgram shed half-a-sen to six sen.

The FBMT 100 Index added 38.91 points to 12,979.33, the FBM Emas Shariah Index gained 50.77 points to 13,337.84, the FBM 70 rose 24.56 points to 15,675.57 and the FBM Ace put on 18.58 points to 5,530.96.

The FBM Emas Index was 38.93 points better at 13,176.13,

Sector-wise, the Finance Index increased 8.17 points to 18,379.77, the Industrial Index bagged 21.64 points to 3,259.62 and the Plantation Index added 22.91 points to 8,069.62.

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Bursa Malaysia is expected to trend as trade worries dominated & pace of growth could slow amid encouraging corporate earnings releases.

Malaysia: Bursa Malaysia extended gains from yesterday to open higher this morning and in taking the lead from the bullish sessions on US, European stock markets, while outweighing lingering concerns over geopolitical and global trade tensions.

At 9.05 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) improved 3.07 points at 1,883.56 from Tuesday’s close of 1,880.49.

The index opened 3.5 points better at 1,883.99.

Public Investment Bank Bhd said Bursa Malaysia is expected to trend higher as hefty gains by the technology sector led Wall Street higher for a second consecutive day, amid encouraging corporate earnings releases.

“Meanwhile, Chinese stocks fell to a year-low as trade worries dominated. Official data showed Chinese economic growth holding steady in the first quarter, although many in the markets argued that the pace of growth could slow later this year,” it said in a note.

China’s gross domestic product grew 6.8 per cent in the first quarter over the same period last year, above the government’s 6.5 per cent expectation.

Market breadth was positive with 162 gainers as compared to 59 losers, while 137 counters were unchanged, 1,554 untraded and 26 others suspended.

Volume stood at 124.43 million units valued at RM43.63 million.

Among heavyweights, Maybank eased two sen to RM10.60, PBBank and IHH bagged two sen each to RM24.0 and RM6.11 respectively, while Tenaga and PChem both gained four sen each to RM15.98 and RM8.55.

Among the advancers, Nestle climbed RM1.80 to RM149.80, KLK increased 36 sen to RM25.90, PetronM improved 19 sen to RM8.69, HengYuan added 13 sen to RM8.87, while GTronic, Vitrox and GenP all improved eight sen each to RM4.41, RM5.52 and RM10.06.

For actives, Iris was one sen higher at 19 sen, PUC and SapNRG both inched up half-a-sen to 27.5 sen and 77.5 sen, while SKH and Vizione were both flat at nine sen and 14.5 sen.

The FBMT 100 Index added 23.36 points to 12,978.90, the FBM Emas Shariah Index gained 32.09 points to 13,392.04 and the FBM 70 rose 35.74 points to 15,729.13 and the FBM Ace rose 62.36 points to 5,597.05.

But the FBM Emas Index was 24.04 points lower at 13,181.80,

Sector-wise, the Finance Index increased 5.80 points for 18,355.04, the Industrial Index bagged 5.09 points to 3,246.02 and the Plantation Index added 7.62 points to 8,047.58.

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Ringgit received mild buying support from locals market it's positioning itself for a stronger & re-engage for RM positions.

Malaysia: The ringgit opened slightly higher against the US dollar on buying support for the local note, a dealer said.

At 9.01 am, the ringgit was quoted at 3.8850/8900 from Monday’s close of 3.8865/8905.

The dealer said the ringgit received some mild buying support from locals ahead of the 14th General Election (GE14).

“The market is positioning itself for a stronger ringgit into the election, so with a base forming around 3.87, the logical move it to reduce shorts and wait for the better level to re-engage long RM positions.

“So, we should expect the US dollar/RM to trade within and continue to revert to the upper levels of the current ranges,” he added.

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Ringgit appeal while risk sentiment remained fragile & prospects of trade and tariff; Asia continued lower against the US dollar.

Malaysia: The ringgit opened lower against the US dollar today as the greenback received some boost following the launch of military strikes on Syria over the weekend.

At 9.02 am, the ringgit was quoted at 3.8800/8850 compared with Friday’s close of 3.8785/8815.

The US and European allies launched airstrikes against Syrian research, storage and military targets in the early hours of Saturday morning to punish the Bashar al-Assad regime for a suspected chemical weapons attack.

Head of trading in Asia-Pacific at OANDA Stephen Innes said while risk sentiment remained fragile and the prospects of trade and tariff war reconciliation improving, Asia continued to trade in a disorderly fashion.

“Much of the ringgit appeal comes from its undervalued call, and this should continue to gain interest among investors.

“But with Bank Negara likely to stay neutral the remainder of the year in the wake of tepid inflation readings, it will be up to the US dollar to do the heavy lifting for the ringgit reach the 3.80 level,” he said.

Innes said inflows ahead of the 14th general election remained tepid, hence, the local note should remain confined to the upper end of its recent trading ranges.

The ringgit was traded mostly lower against a basket of major currencies, except with the British pound, whereby it rose to 5.5337/5412 from 5.5393/5451.

It eased against the Singapore dollar to 2.9584/9625 from 2.9573/9603 and depreciated against the yen to 3.6103/6160 from 3.6042/6080.

The ringgit declined against euro to 4.7875/7945 from 4.7837/7878 previously.

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