KLSE (MYR): WPRTS (5246)
You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!
Last Price
4.25
Today's Change
-0.01 (0.23%)
Day's Change
4.20 - 4.28
Trading Volume
327,200
Posted by Sheridan Sulik Suleiman > 2013-10-27 18:48 | Report Abuse
Posted by Sheridan Sulik Suleiman > 2013-10-28 08:45 | Report Abuse
2024-08-30
2024-08-30
2024-08-30
2024-08-29
2024-08-29
2024-08-29
2024-08-28
2024-08-28
2024-08-28
2024-08-28
2024-08-27
2024-08-27
2024-08-27
2024-08-27
2024-08-26
2024-08-26
2024-08-26
2024-08-26
2024-08-23
2024-08-23
2024-08-23
2024-08-23
2024-08-23
2024-08-22
2024-08-22
2024-08-22
2024-08-22
2024-08-22
2024-08-21
2024-08-21
2024-08-21
2024-08-21
2024-08-21
2024-08-20
2024-08-20
2024-08-20
SANG-JERO
3,980 posts
Posted by SANG-JERO > 2013-10-26 21:15 | Report Abuse
Shares on Bursa Malaysia are expected to trend higher next week with the FTSE Bursa Malaysia KLCI (FBM KLCI) possibly hitting a new record high beyond the 1,826.22 level on the fiscally prudent
Budget 2014, rising foreign inflows and significantly improved global sentiment.
Affin Investment Bank vice president and head of retail research Dr Nazri Khan said the delivery of Budget 2014 and fiscal structural reforms are likely to boost sentiment and spur more foreign buying ahead.
"This is primarily due to the tough unpopular measures like implementation of Goods and Services Tax by April 2015, set to improve the nation's fiscal credibility and avoid the sovereign credit rating downgrades.
"Through lowering of the corporate tax, we expect the Budget 2014 will attract more investors, spur stronger private sector participation while addressing the deficit by boosting revenue, lowering operating costs and development expenditures," he told Bernama.
Nazri said in the first two weeks of October, foreign buying of
Malaysian-listed equities already jumped to a net buying of RM490 million compared with net buying of only RM82.5 million in the last two weeks of September.
"Sector-wise, Budget 2014 brings cheer to the equity market through incentives for private investment and more targeted allocation for oil and gas exploration, utilities, construction and export competitiveness," he added.
On the international front, Nazri said expectations that the Federal Reserve would maintain its quantitative easing programme into first quarter 2014 will continue to underpin bullish investor sentiment.
"This is supported by the eurozone's resilient performance which was the hottest market bed last week.
"Given the rise in eurozone's Gross Domestic Product, the European Central Bank's continued backstop, the rising euro currency and Spain emerging from a two-year recession, we expect more momentum to favour more trading partners which includes Malaysia," he added.
During the week just ended, shares continued to gain starting Monday and registered a two-day all-time high on Wednesday (1,814.11) and Thursday (1,818.93).
However, on Friday the local bourse declined after its seven-day rally on concerns over the Budget 2014 announcement.
On a Friday-to-Friday basis, the FBM KLCI rose 17.98 points to 1,817.57, the Finance Index surged 45.74 points to 16,854.8, the Plantation Index advanced 112.01 points to 8,541.76 and the Industrial Index improved 32.99 points to 3,127.91.
The FBM Emas Index jumped 105.25 points to 12,636.42, the FBMT100 Index went up 101.66 points to 12,363.67, the FBM 70 Index was 32.92 points higher at 14,368.85 and the FBM ACE Index rose 16.88 points to 5,546.37.
Weekly total turnover rose to 8.599 billion shares worth RM8.409 billion from last week's 6.172 billion shares valued at RM6.707 billion.
Main market volume added to 6.567 billion units valued at RM8.028 billion from 4.822 billion units worth RM6.406 billion previously.
Warrants turnover increased to 182.172 million shares worth RM20.543 million from last Friday's 99.263 million units worth RM10.603 million.
The ACE market volume improved to 1.832 billion shares valued at RM353.765 million from 1.199 billion shares valued at RM279.502 million previously.