KUALA LUMPUR, March 30 (Bernama) -- Bursa Malaysia’s benchmark index closed lower today, in line with most regional markets, as investors adjusted their risk exposure amid spiralling oil prices driven by the ongoing West Asia conflict, now in its second month. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) retreated by 24.75 points or 1.44 per cent to 1,687.90 from Friday’s close of 1,712.65. The market bellwether opened 10.57 points weaker at 1,702.08 and fluctuated between 1,682.79 and 1,702.38. The broader market was bearish, with decliners thumping advancers 956 to 371. A total of 373 counters were unchanged, 1,042 untraded and 134 suspended. Turnover expanded to 3.98 billion units worth RM4.85 billion from last Friday’s 2.97 billion units worth RM3.25 billion.
Expect the similar story these days if you are following the market. There isn't much indication of a rebound and with the oil price continue to go down, FBM KLCI continues to fall.
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| FBM KLCI drop by 11.58 pts to 1,732.990 |
Today, the market close at 1,732.99, falls by 11.58 pts. This is also the lowest close for the index in the last 6 months. Reports have emerged that the US crude futures continued to drop, after it has fallen below US$60 a barrel. This is the first time that it happened in 5 years.
Sapura Kencana Petroleum Malaysia is one of the top decliners. Other top decliners include Astro Malaysia Holdings Bhd, Petronas Gas Bhd, F&N Holdings Bhd, and Selangor Properties Bhd.
Malaysia Airline System Bhd (MAS) was the top active counter for the day on it's final trading day. Investors scrambled MAS shares, as today offered the last chance for buyers to own the shares, which will entitle them to the 27 sen a share privatisation offer by Khazanah Nasional Bhd.
On the regional front, Japan's Nikkei rose by 0.66% while Hong Kong's Hang Seng weakened by 0.27%.
Here are the Top 10 Gainers and Top 10 Losers for the day:
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| Top 10 Gainers |
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| Top 10 Losers |
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