KUALA LUMPUR, Oct 16 (Bernama) -- Bursa Malaysia closed lower on Friday as buying interest shifted from index heavyweights to smaller-cap technology and telecommunications stocks as well as real estate investment trusts (REITs). At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 15.94 points, or 0.98 per cent, to 1,607.76 from Thursday’s close of 1,623.70. The benchmark index, which opened 1.13 points higher at 1,624.83, moved between 1,602.98 and 1,626.34 throughout the session. On the broader market, gainers outnumbered decliners 597 to 470, while 518 counters were unchanged, 1,258 untraded and 33 suspended. Turnover rose 3.13 billion units worth RM3.27 billion from 3.06 billion units worth RM3.03 billion on Thursday.
2016 definitely didn't start off brightly. For those who were concern about the economic outlook in 2016, things are already looking pretty muddled.
Emerging-market shares slumped the most since August as evidence of slowing manufacturing in China triggered a selloff that halted trading in Shanghai.
China’s CSI 300 Index fell 7 percent and triggered a circuit-breaker that suspended trading for the rest of the day. Hong Kong’s Hang Seng China Enterprises Index, which tracks mainland shares traded in the city, slid 3.6 percent. Benchmark gauges in South Korea, Taiwan, Malaysia, South Africa and Poland lost more than 2 percent.
The MSCI All-Country World Index fell 2.1 percent by 5 p.m. in New York, topping its slide of 1.5 percent at the start of 2001. The S&P 500 dropped to 2,012.66, after the gauge ended 2015 down 0.7 percent.
In short, the whole market seems to be on the downside.
According to marketwatch, odds of a losing year based on Dow's performance on the first trading day. What do you think?
Emerging-market shares slumped the most since August as evidence of slowing manufacturing in China triggered a selloff that halted trading in Shanghai.
China’s CSI 300 Index fell 7 percent and triggered a circuit-breaker that suspended trading for the rest of the day. Hong Kong’s Hang Seng China Enterprises Index, which tracks mainland shares traded in the city, slid 3.6 percent. Benchmark gauges in South Korea, Taiwan, Malaysia, South Africa and Poland lost more than 2 percent.
The MSCI All-Country World Index fell 2.1 percent by 5 p.m. in New York, topping its slide of 1.5 percent at the start of 2001. The S&P 500 dropped to 2,012.66, after the gauge ended 2015 down 0.7 percent.
In short, the whole market seems to be on the downside.
According to marketwatch, odds of a losing year based on Dow's performance on the first trading day. What do you think?
Comments
Post a Comment