Bursa ends 2012 with a bang
Despite the sluggish performance most part of yesterday, the local stock market ended the year with a bang as it closed at an all-time high.
The benchmark FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) trended lower until the last one hour. At 4pm, it was about 4 points lower at the 1,676 level.
Buying interest started to pick up after 4.10pm, which led the index to end the day 0.45 per cent or 7.62 points higher at 1,688.95 - a record high.
The strong finish also saw Bursa Malaysia's total market capitalisation (cap) surpassing the RM1.46 trillion mark for a gain of over 10 per cent versus the RM1.28 trillion market cap early this year.
On a full-year perspective, the benchmark index rose by more than 10 per cent, or 158 points. This was mainly driven by the country's economic growth, domestic demand and government spending.
"Despite all the uncertainties and volatility on the global front, the local stock market actually did quite well," said Pong Teng Siew, Interpacific Securities Sdn Bhd head of research.
The local stock market also faired reasonably against its regional peers.
The benchmark index outperformed major Chinese indices like Shanghai Composite Index and Shenzhen Composite Index, which grew less than four per cent so far this year.
The FBM KLCI index underperformed against major indices in the Southeast Asia such as Singapore, Indonesia, Thailand, the Philippines, Vietnam, which registered year-to-date growth of between 12 per cent and 35 per cent.
The best-performing FBM KLCI component stocks were UMW Holdings Bhd (+72 per cent), DiGi.Com Bhd (+36 per cent), Hong Leong Bank Bhd (+35 per cent), YTL Corp Bhd (+32 per cent), Petronas Dagangan Bhd (+32 per cent) and Axiata Group Bhd (+31 per cent).
The component stocks that registered the poorest performances were PPB Group Bhd, YTL Power Bhd, Genting Bhd and UEM Land Holdings Bhd, which fell between 10 per cent and 33 per cent in 2012.
On the broader market, penny stocks continued to dominate the top gainers' and top losers' lists.
Green Ocean Bhd, Microlink Solutions, Scope Industries Bhd, Bright Packaging and Metronic Global - mostly penny stocks - were the top five gainers in terms of percentage, with gains of between 400 per cent (Green Ocean) and 200 per cent (Metronic) in 2012.
SAAG Consolidated Bhd, Key West Global, Hock Lok Siew Bhd, Silverbird Group Bhd, Asiaep Resources Bhd dominated the top five losers' list for 2012, with losses of between 85 per cent and 92 per cent.
The best-performing company with market cap of over RM1 billion was AEON Credit Services Bhd, which saw its share price more than double in 2012.
The worst-performing company with market cap of over RM1 billion was Malaysian Airlines System Bhd, whose share price fell by more than 40 per cent last year.
Buying interest started to pick up after 4.10pm, which led the index to end the day 0.45 per cent or 7.62 points higher at 1,688.95 - a record high.
The strong finish also saw Bursa Malaysia's total market capitalisation (cap) surpassing the RM1.46 trillion mark for a gain of over 10 per cent versus the RM1.28 trillion market cap early this year.
On a full-year perspective, the benchmark index rose by more than 10 per cent, or 158 points. This was mainly driven by the country's economic growth, domestic demand and government spending.
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The local stock market also faired reasonably against its regional peers.
The benchmark index outperformed major Chinese indices like Shanghai Composite Index and Shenzhen Composite Index, which grew less than four per cent so far this year.
The FBM KLCI index underperformed against major indices in the Southeast Asia such as Singapore, Indonesia, Thailand, the Philippines, Vietnam, which registered year-to-date growth of between 12 per cent and 35 per cent.
The best-performing FBM KLCI component stocks were UMW Holdings Bhd (+72 per cent), DiGi.Com Bhd (+36 per cent), Hong Leong Bank Bhd (+35 per cent), YTL Corp Bhd (+32 per cent), Petronas Dagangan Bhd (+32 per cent) and Axiata Group Bhd (+31 per cent).
The component stocks that registered the poorest performances were PPB Group Bhd, YTL Power Bhd, Genting Bhd and UEM Land Holdings Bhd, which fell between 10 per cent and 33 per cent in 2012.
On the broader market, penny stocks continued to dominate the top gainers' and top losers' lists.
Green Ocean Bhd, Microlink Solutions, Scope Industries Bhd, Bright Packaging and Metronic Global - mostly penny stocks - were the top five gainers in terms of percentage, with gains of between 400 per cent (Green Ocean) and 200 per cent (Metronic) in 2012.
SAAG Consolidated Bhd, Key West Global, Hock Lok Siew Bhd, Silverbird Group Bhd, Asiaep Resources Bhd dominated the top five losers' list for 2012, with losses of between 85 per cent and 92 per cent.
The best-performing company with market cap of over RM1 billion was AEON Credit Services Bhd, which saw its share price more than double in 2012.
The worst-performing company with market cap of over RM1 billion was Malaysian Airlines System Bhd, whose share price fell by more than 40 per cent last year.
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