KUALA LUMPUR, Oct 15 (Bernama) -- Bursa Malaysia’s key index retreated four days of gains to close lower on Thursday, following profit-taking in selected heavyweight stocks and tracking regional and Wall Street losses. The S&P 500 and Nasdaq dropped 1.1 per cent and 1.9 per cent, respectively, while the Dow dipped just 0.1 per cent. Regionally, the Hang Seng decreased 1.03 per cent to 24,062.72, while STI Index fell 0.37 per cent to 5,403.50. The KOSPI Composite Index slipped 7.57 per cent to 5,554.22, and the Nikkei 225 shed 4.90 per cent to 64,425.95. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 4.02 points, or 0.24 per cent, to 1,623.70 from Wednesday’s close of 1,627.72. The benchmark index, which opened 2.62 points lower at 1,625.10, moved between 1,617.14 and 1,625.61 throughout the session. On the broader market, decliners outnumbered gainers 852 to 294, while 485 counters were unchanged, 1,212 untraded and 9 suspended. Turnover declined to 3.06 billion units ...
Market Daily Report: Bursa Malaysia Extends Winning Streak To Four Days As Bargain Hunting Continues
KUALA LUMPUR, Oct 14 (Bernama) -- Bursa Malaysia’s index extended its winning streak to four consecutive days, ending higher on Wednesday, as bargain hunting continued in banking heavyweights, with the market remaining largely in positive territory throughout the trading session. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.37 points, or 0.26 per cent, to 1,627.72 from Tuesday’s close of 1,623.35. The benchmark index, which opened 0.59 points firmer at 1,623.94, recorded an intraday low at that level before hitting a high of 1,628.01. On the broader market, gainers outnumbered decliners 541 to 532, while 566 counters were unchanged, 1,216 untraded and 21 suspended. Turnover declined to 3.25 billion units worth RM3.03 billion from 3.60 billion units worth RM3.32 billion on Tuesday. Financial services counters Public Bank rose five sen to RM4.75 and AMMB Holdings gained seven sen to RM6.34, while Maybank added two sen to RM9.98.