KUALA LUMPUR, April 2 (Bernama) -- Bursa Malaysia’s benchmark index ended higher, amid an overall cautious market sentiment, on bargain-hunting activities, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 12.87 points or 0.85 per cent to the day’s high of 1,526.52 from Friday’s close of 1,513.65. The benchmark index had opened 3.49 points higher at 1,517.14 and reached an intraday low of 1,514.08. In the broader market, decliners thumped gainers 637 to 288, while 428 counters were unchanged, 995 untraded and nine suspended. Turnover went up to 2.37 billion units valued at RM2.03 billion from Friday’s 2.25 billion units valued at RM2.13 billion. The market was closed on March 31 and April 1 for the Hari Raya public holidays.
As crude oil slids further down to a new low since May 2009, the FBM KLCI follow suits with a drop of 1.15%.
As at time of writing of this post, the Brent crude oil was at US$51.57 a barrel while US crude oil was at US$48.81.
The FBM KLCI closed at 1,716.580 pts, a drop of 20.04 pts or 1.15%. With the oil price slump continued, analysts are not being too optimistic. TA Research chartist Stephen Soo told theedgemarkets.com that he did not see the market rebounding over the immediate term, and that it was possible the market could test new lows this year.
For the Top 10 Active, Top 10 Gainers and Top 10 Losers, you may find as below:
 |
| Iris leads the Top active counter for the day |
 |
| United Plantation Bhd, DKSH Bhd, Ibraco Bhd and Muda Holdings Bhd are among the top 10 gainers today |
 |
| The decliners were lead by British American Tobacco (BAT), Syarikat Takaful Malaysia Bhd |
Regionally, market is also on a downtrend as oil price slump continued to present a negative and volatile environment....with Hong Kong's Hang Seng slipped 0.99%, Japan's Nikkei 225 was down 3.02%, while the Singapore's Straits Times Index shed 1.39%.
Comments
Post a Comment