Malaysian Equity Market

 Equites

The fortunes of a country’s equity or stock market are closely aligned with its economic well-being, and Malaysia is no exception. Similar to its global peers, Bursa Malaysia been enduring much turbulence in the last few years. Buffeted by strong external and internal headwinds, the market capitalisation of the local bourse had moderated further to RM1.74 trillion as at end-2022 (end-2021: RM1.79 trillion).

Profile of Malaysian Equity Market

Bursa Malaysia has the distinction of being among the biggest bourses in ASEAN with well over 900 listed companies. Investors can choose from a variety of listed products, including equities, derivatives, exchange-traded funds (ETFs), real estate investment trusts (REITs), and exchange traded bonds and sukuk (ETBS). Notably, 789 (81.2%) of the 972 listed entities on the local bourse were Shariah-compliant securities as at end-December 2022. These accounted for RM1.139 trillion or 65.6% of Bursa Malaysia’s overall market capitalisation as at the same date. Despite the tumultuous global markets, a total of RM26.0 billion was raised from the Malaysian equity market in 2022. Of this amount, RM3.5 billion originated from the primary market, i.e., via 35 initial public offering (IPOs). The other RM22.6 billion stemmed from secondary fundraising. The sturdier performance in 2022 was driven by a 52% y-o-y surge in IPOs and a 58% spike in secondary issuances.

Three Types of Markets on Bursa Malaysia

Bursa Malaysia operates through three markets – the Main Market, the ACE Market and the LEAP Market. Each has a different set of listing criteria for aspiring candidates. The following represents some of the most salient points of the respective markets.  

The Main Market is the primary market for larger companies with strong operating and profit track records, with a minimum required market capitalisation of RM500 million upon listing, among other things.

The ACE Market is a sponsor-driven alternative market designed for smaller companies that exhibit strong growth potential. No minimum profit or operating track record is required for listing.

The LEAP Market is a fundraising platform for what are perceived as underserved SMEs, which do not need to demonstrate any operating or financial track record. This adviser-driven market is only available to sophisticated investors.

In 2022, the Main Market hosted the listing of five companies while the ACE Market welcomed 25 and the LEAP Market contributed another five – bringing the total to 35 IPOS for the year. Together, these newly listed entities raised RM3.49 billion.

Listing Process and Platforms

The listing process (from the time the candidate engages an adviser to the day of listing) usually takes four to nine months, depending on the structure and complexity of the listing scheme. Upon approval, the entity will be given six months to complete its IPO exercise.

Bursa Malaysia also offers an end-to-end Shariah-compliant investing platform, along with the world’s first end-to-end Shariah-compliant commodities-trading platform. In recognition of the importance of sustainable and responsible investment, Bursa Malaysia launched the FTSE4Good Index in 2014. This index permits investors to measure domestic companies’ performance based on ESG standards. In July 2021, the local bourse introduced the FTSE4Good Bursa Malaysia Shariah Index – the Shariah-compliant version of the former. This new index will assist fund managers to develop new investment products constituting a portfolio of Shariah-compliant equities, guided by sustainable investing principles.

Investor Profile

The Malaysian stock market benefits from a diverse pool of investors, underscored by sturdy support from local institutional and retail investors. Domestic institutions remained net sellers in 2022, to the tune of RM6.53 billion (2021: RM9.1 billion). Meanwhile, local retail investors infused RM2.31 billion of net funds into the equity market, which paled in comparison to the previous year’s RM12.2 billion. Interestingly, foreign investors pumped in RM4.40 billion net (2021: RM3.15 billion) after four consecutive years as net sellers. Against this backdrop, the participation rate of retail investors declined to an average of 25.7% in terms of transaction value, relative to 34.6% in 2021. Nonetheless, this is still higher than the five-year pre-pandemic average of 18.8%

Trading Procedures

To invest in shares in Malaysia, one must be over the age of 18, open a Central Depository System (CDS) account and a trading account at a stockbroking firm. There are specific steps to follow pursuant to this, as detailed on Bursa Malaysia’s website.

Regulatory System

The Securities Commission Malaysia (SC) is the ultimate regulator of the Malaysian capital markets, including the equity market. As the front-line regulator, Bursa Malaysia, is tasked with safeguarding a fair and orderly market for the trading of securities and derivatives. The SC supervises and monitors Bursa Malaysia on listing, trading, clearing, settlement, and depository operations – to ensure the latter effectively performs its regulatory duties and obligations. Brokers and regulated entities must comply with the various rules set by Bursa Malaysia.

https://www.capitalmarketsmalaysia.com/public-equities/

Structural problems impeding our Malaysian stock market

Malaysian stocks not performing because of serious structural impediments.

-  Increasingly market-dominating government linked companies and government-linked investment companies - with explicit and/or implicit unfair advantages - led to the crowding-out of the private sector.

-  The lower number of banks - after rounds of consolidation - resulted in less diversity in terms of lending strategies, practices and appetite for risks.

- Falling corporate profits and other factors, translated into chronic underinvestment in productive assets, technology, R&D and innovation.

- The quality of the local education system has been in a long-term decline.

-  Companies that relied heavily on cheap, low-skilled foreign labour and failed to move up the value chain were, increasingly, faced with pricing pressure from digitalisation and technology disruption.

- Those that has in the past flourished under government subsidies were by and large unable to fully pass on rising costs, leading to a narrowing of margins.  Unfortunately, many Malaysian companies remain simply rent-seekers.

-  The issue of corporate governance may be another reason.  If controlling shareholders can pay themselves half of the company's profit as annual compensation, which represents 4% to %% of the market capitalisation with no dividend paid to shareholders, surely it must be clear that this amounts to a blatant transfer of wealth of a public company to its controlling shareholders.

Summary

The above are some of the more obvious reasons for the chronic underperformance, in terms of corporate earnings and the stock market.  

They must be addressed urgently and within a holistic framework if we want to see a sustainable turnaround.

But despite all the gloom, investors can still profit by investing wisely and rationally.

Reference:  Tong's Portfolio Investing can be fun and profitable

Bursa Malaysia activities in 2017

• FBM KLCI saw growth of 9.4 per cent.
• Market capitalisation grew by 14.4 per cent year-on-year (y-o-y) to RM1.9 trillion.
• Significant increase in retail participation, which grew by 41 per cent y-o-y.
• RM10.8 billion net foreign inflow in 2017.
• Bursa Malaysia attracted 13 new listings, raising a total of RM7.4 billion.
• Average daily trading value (ADV) for securities market on-market trades grew by 27.7 per cent to RM2.3 billion.
• The average daily contracts traded in the derivatives market in FY2017 were 57,677 contracts.
• A total of 14.0 million contracts was traded in FY2017.
• Islamic capital market, trading revenue in FY2017 fell by 3.7 per cent to RM15.8 million despite an improvement in ADV by 20.2 per cent to RM19.6 billion.

Bursa Malaysia records higher earnings in FY17
February 6, 2018, Tuesday



KUALA LUMPUR: Bursa Malaysia Bhd’s pre-tax profit for financial year ended Dec 31, 2017 (FY17) rose to RM305.88 million from RM270.59 million a year earlier.

Revenue surged to RM556.83 million from RM506.78 million previously.

In a statement yesterday, Bursa Malaysia chief executive officer, Datuk Seri Tajuddin Atan, said 2017 was one of the strongest years for the local equity market.

The FBM KLCI saw growth of 9.4 per cent and market capitalisation grew by 14.4 per cent year-on-year (y-o-y) to RM1.9 trillion, he said.

“There was a significant increase in retail participation, which grew by 41 per cent y-o-y. This was in line with our continued focus to engage and educate by building our retail outreach efforts and financial literacy programmes, further expanding our retail base throughout the year,” he said.

Bursa Malaysia saw a RM10.8 billion net foreign inflow in 2017.

In FY2017, Bursa Malaysia attracted 13 new listings, raising a total of RM7.4 billion compared to RM0.6 billion in 2016.

“We will expand our marketing efforts to build a strong IPO pipeline and look forward to rolling out our initiatives aimed at widening our products and services to create a conducive capital market ecosystem for all market participants,” said Tajuddin.

For the year under review, securities market trading revenue increased by 21.9 per cent to RM259.6 million from higher average daily trading value (ADV) for securities market on-market trades, which grew by 27.7 per cent to RM2.3 billion.

The average daily contracts traded in the derivatives market in FY2017 were 57,677 contracts and a total of 14.0 million contracts was traded in FY2017 compared to 14.2 million contracts in FY2016.

In the Islamic capital market, trading revenue for Bursa Suq Al-Sila’ in FY2017 fell by 3.7 per cent to RM15.8 million despite an improvement in ADV by 20.2 per cent to RM19.6 billion, mainly due to the introduction of volume-based pricing scheme.

“We will continue to work closely with our intermediaries to improve liquidity and increase trading activities,” said Tajuddin.

Bursa Malaysia’s board of directors has approved a second interim dividend of 18.5 sen per share for FY2017, amounting to approximately RM99.4 million, which is payable on March 5, 2018.

With that, the total dividend, including special dividend declared for the year amounted to 53.5 sen per share. — Bernama

Malaysian capital market continues to expand in 2015 despite headwinds — SC

March 11, 2016, Friday

Ranjit said RM86 billion was raised through the issuance of private debt securities (PDS) and RM4 billion via initial public offerings.

KUALA LUMPUR: Notwithstanding various headwinds, the Malaysian capital market continued to expand in 2015 to reach RM2.82 trillion in size compared with RM2.76 trillion in 2014, the Securities Commission said.

Growth was driven by the equity market which grew from RM1,651 billion in 2014 to RM1,695 billion by end-2015 while the bond market improved to RM1,125 billion against RM1,110 billion registered in the previous year, said Chairman Datuk Seri Ranjit Ajit Singh in the SC Annual Report 2015.

“Such expansion attests to the sustained ability of issuers to obtain long-term financing from the Malaysian capital market, as fundraising activity remained robust throughout the year,” he said.

Ranjit said RM86 billion was raised through the issuance of private debt securities (PDS) and RM4 billion via initial public offerings (IPOs), bringing the total funds raised through the primary market to RM90 billion in 2015 compared with RM92 billion in 2014.

Meanwhile, a sustained expansion in buy-side liquidity over the year also contributed towards the relative resilience of the capital market, with assets under management (AUM) by fund management companies rising by six per cent to RM668 billion in 2015 from RM630 billion in 2014.

Unit trust funds continued to be the largest source of clients’ AUM with net asset value of RM347 billion by end-2015 compared with RM343 billion in 2014.

The unit trust industry, which is an important proxy for retail investor confidence in the capital market, also recorded surplus sales over redemptions, with the number of units in circulation growing from 425 billion in 2014 to 458 billion in 2015.

While the capital market recorded net portfolio outflows in 2015 in line with global emerging market trends, the value of foreign ownership in the corporate bond market increased slightly from RM13.9 billion in 2014 to RM14.0 billion by end-2015.

Liquidation of foreign portfolio positions in the equity market also took place at a measured pace, with the FBMKLCI recording a decline of -3.9 per cent compared with the MSCI Emerging Markets index which fell -17 per cent over the same period, said the report.

In 2015, Ranjit said the SC continued to diversify channels for financing and investments while broadening access to the capital market by pursuing measures to deepen existing market segments and nurturing new growth areas.

One such area of focus was the Islamic capital market, where Malaysia had firmly established its reputation as a global leader in Islamic finance and the world’s largest issuer of sukuk.

He said extensive work was underway in formulating a roadmap which articulated the SC’s strategy to establish Malaysia as a global Islamic fund and wealth management hub, the release of which was slated for 2016.

Another key market developmental thrust is SC’s ongoing efforts to facilitate access to market-based financing for early and growth-stage companies.

“One of our first initiatives in this regard is the establishment of a regulatory safe harbour for equity crowdfunding (ECF), a class of fundraising activity which enables entrepreneurs to obtain market-based financing for start-ups and early-stage companies,” Ranjit said.

In February 2015, SC became the first regulator in the region to introduce a framework for ECF, with six applicants subsequently approved to become registered ECF platform operators in Malaysia.

Also, as a long-standing champion of initiatives to strengthen the quality of corporate governance in Malaysia, the SC recently concluded the implementation period of the Corporate Governance Blueprint 2011 with 83 per cent of its recommendations already fully implemented.

Moving forward, near-term deliverables included revisions to the Malaysian Code on Corporate Governance 2012, as well as, the release of the Corporate Governance Priorities 2020 which will detail SC’s initiatives for the next five years, he added. — Bernama

Read more: http://www.theborneopost.com/2016/03/11/malaysian-capital-market-continues-to-expand-in-2015-despite-headwinds-sc/#ixzz43iC2FzXt

Booming Malaysian capital market

12 March 2014| last updated at 01:58AM

Booming local capital market

By HAMISAH HAMID | bt@mediaprima.com.my 

STRONG FUNDAMENTALS: Equities grew 10.5pc to RM2.7tril last year, with key segments posting steady growth

THE Malaysian equity market continues to remain attractive to local and global investors after its strong 2013 performance, says the Securities Commission Malaysia (SC).

The market grew 10.5 per cent to RM2.7 trillion last year, with key market segments posting steady growth on the back of robust local fundamentals.

For this year, a slower earnings outlook, a huge price hike and defensive Malaysian equities could affect the local stock market’s performance, it said in its 2013 annual report released yesterday.

However, the defensive nature of the equity market may raise its relative attractiveness as global investors continue to differentiate the emerging stock markets.

“Growth in earnings per share is expected to drop in 2014 to 7.8 per cent, from 15.7 per cent during 2013. The average estimate for long-term (five-year) earnings per share growth has also moderated, from 11 per cent to 8.7 per cent,” the SC said.

It said investor optimism and central banks’ caution over the world economy’s prospects may result in the capital market exposed to shocks this year.

The SC said stretched valuations and enthusiasm for higher-yielding assets suggest that  investors are convinced that global recovery is imminent and that if it falters, monetary support would be forthcoming.

However, it said central banks have signalled their intention to withdraw such support to solidify their economies.

“Markets may, therefore, be prone to shocks if actual growth rates disappoint or if monetary normalisation takes place at a faster pace than expected,” it said.

The SC expects investors to remain exposed to interest rate volatility due to large funds’ flow into yield-driven assets, as well as growth of certain financing structures over the past few years.

At the same time, markets, financial institutions and certain types of investment structures remain tightly linked through short-term leveraged funding and other financing structures.

 “An interest rate shock, such as a larger-than-expected reduction in asset purchases by central banks, or a preemptive unwinding of an investment position in anticipation of such a shock could prove to be disruptive if markets were slow to adjust as a result of funding and liquidity squeezes, refinancing and rollover constraints or maturity mismatches,” it noted.

  It also said bond markets in emerging markets and Asia re-main vulnerable to interest rate volatility and an increase in cost of funds.

  Meanwhile, in a statement, the SC said the market remained resilient during the year under review, despite volatility affecting emerging markets globally.

   “The breadth and depth of the market underpinned the strongest period of capital-raising on record with a total of RM240 billion raised over the last two years,” it said.

  The Islamic capital market grew by 8.8 per cent to RM1.5 trillion, with syariah-compliant assets representing 56 per cent of the overall capital market. 

“Malaysia maintained its leadership role as the world’s largest sukuk market, accounting for 69 per cent of global sukuk issuances in 2013,” it said.

  The bond market ended 2013 at RM1 trillion and retained its position as the third-largest in Asia, relative to gross domestic product.

  Equity market capitalisation grew to RM1.7 trillion with the benchmark  FTSE Bursa Malaysia KLCI rising 10.5 per cent, making the market one of Asia’s top performers.

   Significant gains of 36.7 per cent were also recorded by the domestic small-capitalised index, following institutional funds’ higher participation and retail investors’ greater interest.

   SC said the capital market continued to be a major source of financing with RM94 billion raised through corporate bonds and initial public offerings.

Bond issuances accounted for 91 per cent of the financing raised.

  During the year under review, the fund management industry continued its major role in mobilising domestic savings, with assets under management (AUM) gro-wing by 16.5 per cent to RM588 billion.

  Unit trust funds continued to be the largest contributor to AUM’s growth, with net asset value rising  to RM336 billion, which is about one-fifth of stock market capitalisation.
  

  

Read more: Booming local capital market - Today's Paper - New Straits Times http://www.nst.com.my/business/todayspaper/booming-local-capital-market-1.509933#ixzz2vqGBAgHa

Top 100 Companies of KLSE 3.1.2014 (Sorted by DY)

Top 100 Companies of KLSE 3.1.2014 (Sorted according to DY)

#Rank		Company		Price		PE		EY %		DY %
66		Kulim		3.38		5		20.0		29.1
54		MBSB		2.17		6.8		14.7		13.3
48		AirAsia		2.37		3.5		28.6		10.1
56		BJToto		4.01		13.8		7.2		7
1		Maybank		9.91		13.6		7.4		6.6
77		SunReit		1.25		8.9		11.2		6.6
93		UOADev		1.87		7.6		13.2		6.4
83		Parkson		2.86		12.9		7.8		6.3
94		CMMT		1.4		9.9		10.1		6
52		Bstead		5.6		13.9		7.2		5.8
8		Maxis		7.13		28.9		3.5		5.6
85		Dlady		47.3		24.5		4.1		5.5
10		DiGi		4.85		31.3		3.2		5.4
72		PavReit		1.32		6.3		15.9		5.2
4		Axiata		6.8		22.7		4.4		5.1
76		Carlsbg		12.24		19.5		5.1		5.1
65		Magnum		3.15		13.3		7.5		5.1
89		Media		2.62		13.5		7.4		5
55		Utd Plant		26.18		15.9		6.3		4.8
46		LAFMSIA		8.41		20.5		4.9		4.4
24		BAT		63.88		22.9		4.4		4.3
62		GAB		15.9		22.1		4.5		4.3
22		TM		5.39		15.3		6.5		4.1
30		UMW		12.28		15.1		6.6		4.1
80		Bintulu Port		7.5		20.5		4.9		4
75		LPI		17.46		23		4.3		3.7
78		MSM		5.1		17.7		5.6		3.7
45		SPSetia		2.95		16.5		6.1		3.7
6		Sime		9.39		15.2		6.6		3.6
50		HapSeng		2.95		15.1		6.6		3.6
13		PetDag		30.4		36.1		2.8		3.5
44		AFG		4.8		13.6		7.4		3.5
51		Affin		4.26		10.1		9.9		3.5
14		IOICorp		4.58		14.9		6.7		3.4
67		Bursa		8.13		28.5		3.5		3.3
47		F&N		18.4		25.7		3.9		3.3
61		GasMsia		3.95		31.2		3.2		3.2
7		Pchem		6.84		15.5		6.5		3.2
16		HLBank		14.24		13.5		7.4		3.2
28		Nestle		67.96		31.5		3.2		3.1
86		Pos		5.57		19.7		5.1		3.1
100		Zhulian		4.93		19.4		5.2		3.1
26		FGV		4.53		15.9		6.3		3.1
5		CIMB		7.51		12.9		7.8		3.1
20		AMBank		7.29		13.4		7.5		3
53		MHB		3.61		23.9		4.2		2.8
70		IGB		2.72		21.8		4.6		2.8
79		Top Glove		5.73		18.1		5.5		2.8
39		Bkawan		19.6		16.8		6.0		2.8
21		RHBCap		7.97		10.1		9.9		2.8
82		Mah Sing		2.27		9.9		10.1		2.7
49		BIMB		4.38		19.5		5.1		2.6
35		Gamuda		4.61		18.2		5.5		2.6
2		PBBank		18.9		17.1		5.8		2.6
99		CMSB		6.78		16		6.3		2.5
3		Tenaga		11		13.3		7.5		2.3
27		HLFG		15.5		10.9		9.2		2.3
43		IJM		5.85		19.2		5.2		2.2
59		DRBHCOM		2.72		9.1		11.0		2.2
9		PetGas		23.6		33.2		3.0		2.1
18		KLK		24.12		28		3.6		2.1
71		Tchong		5.98		24.7		4.0		2
73		KPJ		3.87		24.7		4.0		2
90		IJMPlnt		3.48		23.3		4.3		2
57		Harta		7.23		22.5		4.4		2
17		GENM		4.38		17.7		5.6		2
74		IJMLand		2.52		16.4		6.1		2
64		Sunway		2.75		7.7		13.0		1.9
84		Dayang		5.66		30.5		3.3		1.8
97		BJCorp		0.56		29.6		3.4		1.8
63		Aeon		13.64		22.5		4.4		1.8
98		WCT		2.14		5.5		18.2		1.8
25		YTL		1.6		12.4		8.1		1.6
37		MMCCorp		2.85		9.4		10.6		1.6
87		Shang		6.78		44.3		2.3		1.5
96		Kseng		6.73		28.7		3.5		1.5
69		IGBReit		1.2		26.6		3.8		1.5
33		Airport		8.8		26.5		3.8		1.5
92		Kossan		4.1		25.1		4.0		1.4
23		PPB		15.92		22.4		4.5		1.3
36		UEMS		2.32		22.4		4.5		1.3
29		Astro		2.98		13.4		7.5		1.3
68		BJLand		0.82		124.2		0.8		1.2
81		QL		4.1		25.9		3.9		1.1
42		GENP		10.98		25.5		3.9		1.1
41		Dialog		3.4		42.1		2.4		1
60		Orient		8.39		22.1		4.5		1
91		TSH		2.92		31.4		3.2		0.9
88		SOP		6.65		21.5		4.7		0.9
11		Genting		10.08		9.3		10.8		0.8
32		Armada		4.08		31		3.2		0.7
31		YTLPowr		1.85		12.5		8.0		0.5
15		SKPetro		4.57		43.6		2.3		0
12		IHH		3.91		34.1		2.9		0
95		HLCap		10		26.1		3.8		0
19		MISC		5.51		0		0.0		0
34		KLCC		5.94		0		0.0		0
38		WPRTS		2.53		0		0.0		0
40		UMWOG		3.91		0		0.0		0
58		MAS		0.32		0		0.0		0

# Rank is based on market capitalization

Top 100 Companies of KLSE 3.1.2014 (Market P/E is 17.1 and DY is 3.2%)

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Bursa Malaysia: The Past Years in Review

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Malaysia Rally May Pause After Evening Star: Technical Analysis

Bloomberg

 

September 02, 2010, 12:17 AM EDT

By Chan Tien Hin

 

Sept. 2 (Bloomberg) -- Malaysia’s stock market rally to the highest level in more than 30 months may pause after a chart of the benchmark index formed a so-called Evening Star, signaling a “bearish trend,” according to RHB Research Institute Sdn.

The candle-chart image comprising a line with a long “real body” followed by a line with a short body suggests the prior trend may end. The FTSE Bursa Malaysia KLCI Index, which closed at 1,432.95 yesterday, could retreat to “retest” the 10-day moving average of 1,405 and the “psychological” level of 1,400, RHB said in a report today.

“So long as it can sustain at above these levels with robust daily turnover at between 800 million shares to 1 billion shares, buying momentum can return swiftly to lead another rally,” RHB said. Trading volume averaged 810 million shares in the past six months, according to data compiled by Bloomberg.

The index, Asia’s second-best performer last month, has surged 15 percent since the May 26 low, approaching the 20 percent jump that defines as a bull market for some investors. Stocks will extend gains in September with government reforms and a stronger ringgit drawing investors, OSK Research Sdn. analyst Chris Eng said yesterday.

The stock index may rise to 1,500 by the end of the year, HwangDBS Vickers Research Sdn. said in a report today, raising its earlier forecast of 1,448 amid stronger earnings growth prospects.

The index today climbed for a fifth day, adding 0.1 percent to 1,432.97 as of 11:43 a.m. local time, set for its highest close since Feb. 14, 2008.

Candlestick charts show an index or security’s high, low, open and close each day, and may signal a reversal of a trend or a continuation. In technical analysis, investors and analysts study charts of trading patterns and prices to forecast changes in a security, commodity, currency or index.

--Editor: Reinie Booysen, Linus Chua
To contact the reporter on this story: Chan Tien Hin in Kuala Lumpur at thchan@bloomberg.net
To contact the editors responsible for this story: Linus Chua at lchua@bloomberg.net

http://www.businessweek.com/news/2010-09-02/malaysia-rally-may-pause-after-evening-star-technical-analysis.html

Bursa surpasses psychological 1,400-point level

Tuesday August 24, 2010

Bursa surpasses psychological 1,400-point level

PETALING JAYA: The local bourse surpassed the key 1,400-point level to close 0.58% higher at 1,403.15 on selective buying of blue-chip stocks in the latter part of the trading day by funds as better-than-expected corporate results at home outweigh the lack of fresh leads from abroad.

Analysts were convinced that the benchmark index would face resistance at that level after a spate of macro news which heralded a gloomier second half.

CIMB Group Holdings Bhd became the largest bank after its market capitalisation exceeded that of Malayan Banking Bhd’s (Maybank) yesterday.

CIMB’s market capitalisation stood at RM58.06bil compared to Maybank’s RM57.61bil. CIMB’s share price rose 22 sen to RM7.92 while Maybank’s added 1 sen to RM8.14.

Among other actively traded counters, Genting was up 11 sen to RM8.72, PPB added 40 sen to RM17.36 and TM was three sen higher at RM3.58.

However, investors remained cautious as reflected in the broader market, with 465 counters down compared to 291 gainers while 270 counters were traded unchanged.

Volume was relatively low at 805.11 million shares traded with a total value of RM1.33bil.

The local bourse bucked the trend in the region, where Tokyo’s Nikkei 225 lost two-thirds of a per cent to 9,116.69, Hong Kong’s Hang Seng Index fell 0.44% to 20,889.01 and Singapore’s Straits Times Index was 0.36% lower at 2,925.99.

Meanwhile, the Aussie dollar faced selling pressure after a federal election over the weekend failed to deliver a majority to either incumbent prime minister Julia Gillard nor opposition leader Tony Abbott.

Sydney’s S&P/ASX 200 Index was little change, shedding 0.4%.

http://biz.thestar.com.my/news/story.asp?file=/2010/8/24/business/6907184&sec=business

KLCI over the last 3 months to 17 Years (30.6.2010)

3 months (1.4.2010 - 30.6.2010)






6 months (1.1.2010 - 30.6.2010)







12 months (1.7.2009 - 30.6.2010)




2 Years (1.7.2008 - 30.6.2010)




5 Years (1.7.05 - 30.6.2010)




17 Years (Dec 1993 - 30.6.2010)