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Monday, February 22, 2016

Market Daily Report: Volatile trade seen KLCI closed marginally lower

FBM KLCI closed marginally lower

Malaysians who are in the stock market must be fascinated with the stock market movement because of its volatility. The fluctuation of the market happened in a period of the financial reporting season in the country.

The KLCI fell to 1,674.59 despite a rise in major Asian share markets. Japan's Nikkei 225 rose 0.9% while Hong Kong's Hang Seng added 0.93%.

Across the Malaysian market, 1.62 billion shares worth RM1.64 billion changed hands. Bursa seen the market closed with 468 gainers versus 364 decliners.

Export-driven stocks such as Top Glove Corp Bhd and PIE Industrial Bhd were among the top ten gainers. 

The leading decliner was British American Tobacco (M) Bhd.

The most-active stock was APFT Bhd.

Asian share markets rose on Monday, extending last week's gains, as investors awaited a rush of February industry surveys to take the pulse of the global economy, while the sterling stumbled on concerns the UK might yet vote to leave the European Union, according to Reuters.

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