KUALA LUMPUR, Sept 28 (Bernama) -- Bursa Malaysia ended marginally lower on Monday amid selling activity as the market lacked fresh catalysts to spur investors’ buying interest, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.60 points, or 0.09 per cent, to 1,670.02, from Friday’s close of 1,671.62. The benchmark index, which opened 0.93 of-a-point higher at 1,672.55, moved between 1,668.61 and 1,674.11 throughout the trading session. Market breadth was negative as losers surpassed gainers 748 to 388, while 517 counters were unchanged, 1,271 untraded and 91 suspended. Turnover slipped to 3.11 billion units worth RM2.40 billion from 4.07 billion units valued at RM2.69 billion on Friday.
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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