KUALA LUMPUR, March 10 (Bernama) -- Bursa Malaysia rebounded to end higher today with the benchmark FBM KLCI reclaiming the 1,700 psychological level, supported by improved global sentiment after US President Donald Trump signalled a potential de-escalation of the Iran conflict, alongside Malaysia’s stronger Industrial Production Index (IPI) data. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 27.51 points, or 1.64 per cent, to 1,701.68 from yesterday’s close of 1,674.17. The benchmark index opened 10.68 points higher at 1,684.85, its lowest point today, and hit a high of 1,703.61 in the late afternoon session. Market breadth was positive, with gainers thumping losers 929 to 382. A total of 361 counters were unchanged, 982 untraded and 19 suspended. Turnover declined to 3.60 billion units worth RM3.75 billion from yesterday’s 5.52 billion units worth RM5.87 billion.
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?
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