KUALA LUMPUR, April 3 (Bernama) -- Bursa Malaysia closed marginally lower on Friday, as cautious sentiment persisted, with investors remaining on the sidelines amid ongoing conflicts in West Asia, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 2.80 points, or 0.16 per cent, to 1,695.50 from Thursday’s close of 1,698.30. The benchmark index opened 5.82 points higher at 1,704.12, and moved between 1,693.65 and 1,708.12 throughout the day. However, market breadth remained positive, with gainers outnumbering losers 634 to 415, while 521 counters were unchanged, 1,077 untraded and 10 suspended. Turnover improved to 3.38 billion units worth RM2.95 billion from yesterday’s 3.20 billion units worth RM3.50 billion.
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| REDDISH START FOR FBMKLCI |
Forget the champagne, the Christmas tree, the gifts, the holidays....2016 kickstart and FBMKLCI brings Malaysian back to reality....39.14 points dropped. That's a 2.31% decline from where we were on 31st December 2015.
Of course, Malaysians will be relief that we are not the only one....most likely, no other countries take it worse than China did....Shanghai Shenzhen CSI 300 Index fell 7% to trigger the "circuit breaker" on the very first day that the trading suspension mechanism came into effect.
Here's a summary for the day:
A total of 1.92 billion shares, worth RM1.734 billion, were done for the whole trading session.
The top losing counter was British American Tobacco Malaysia Bhd, while the top gainer was United Plantations Bhd.
The most actively-traded stock of the day was Instacom Group Bhd, with a trading volume of 85.77 million shares.
So what do you think? Will this red and bear period be a short one or a longer one? Many cites China as the benchmark....let's wait and see how the market in US will perform on the first day of 2016...
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