Bursa Malaysia (KLSE) Stock Investment Portal

walau blue chip also drop... pls dont buy contra for ALL shares!! KUALA LUMPUR (June 8): The FBM KLCI pared some of its loss at the midday break today while the ringgit fell to a nine-year low versus the US dollar.

The ringgit dropped to a nine-year low versus the US dollar, weakening to as low as RM3.7630 against the US dollar, as the dollar strengthened on better US nonfarm payrolls data.

At 12.30pm, the FBM KLCI was down 6.75 points to 1,738.58. The index had earlier fallen to its intra-morning low of 1,727.01.

Market breadth turned negative with losers outpacing gainers by 482 to 185 while 297 counters traded unchanged. Volume was 668.36 million shares valued at RM553.69 million.

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Stock: [IFCAMSC]: IFCA MSC BHD

2015-06-08 15:05 | Report Abuse

Fund Flow - YTD foreign selling rises to RM6.7 billion, says MIDF Research

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Stock: [IFCAMSC]: IFCA MSC BHD

2015-06-08 10:11 | Report Abuse

U.S. stocks closed narrowly mixed on Friday as investors eyed developments in Greece and weighed a bond yield rally on a strong jobs report, which supports the case for a rate hike this year.

us Non-farm payrolls increased 280,000 last month, the largest gain since December, above the 225,000 that economists polled by Reuters had expected. Also, unemployment slightly above forecasts at 5.5%.

€ European stocks were down at a 4-week low on Greek bankruptcy concerns after Greece deferred a 300 million euro debt payment due to the IMF on Friday until the end of the month. Also pressuring stocks was the strong U.S. jobs report.

Greece's ASE Stock Index tumbled -4.55% and the 10-year Greek bond yield rose 40 bp to a three-session high of 11.32% on the news.

de German Apr factory orders rose +1.4% m/m and +0.4% y/y, stronger than expectations of +0.5% m/m and -0.6% y/y.

cn China's Shanghai Composite Index climbed +1.54% to a 7-1/3 year high amid speculation the government will boost stimulus measures to bolster the economy along with cross-borders sales of mutual funds that may widen access to financial markets and increase equity inflows.

Oil prices jumped on Friday after Baker Hughes reported the number of rigs drilling for oil in the United States fell for the 26th consecutive week.

Gold hit an 11-week low on Friday, heading for a third straight weekly slide, as the dollar extended its gains after better-than-expected U.S. employment data bolstered prospects for an interest rate increase this year. Now, $1,172.60.

FCPO (RM2,341) continue found support in the afternoon and close higher. The Bloomberg and Reuter polls on MBOP data to be release on 10 June was slightly positive, with lower stocks although within expectation. Market will be looking toward global weather developments and exports number for further directions.

Ringgit has fallen near the six-year low as the concerns of the sovereign investment company 1MDB remain escalated. Technically, the USD/MYR pair has strong resistance near 3.75 area which it failed to break through in March 2015 and in 2009 (3.7550). If breaking that level, Ringgit will push to its lowest level since early 2006.