KUALA LUMPUR, July 9 (Bernama) -- Bursa Malaysia closed lower on Thursday as renewed geopolitical tensions in West Asia weighed on investor sentiment. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 5.97 points, or 0.36 per cent, to 1,677.64 from Wednesday's close of 1,683.61. The benchmark index opened 2.62 points lower at 1,680.99, and moved between 1,676.18 and 1,683.80 throughout the session. However, market breadth was slightly positive, with gainers leading losers 533 to 504, while 547 counters were unchanged, 1,112 untraded, and 12 suspended. Turnover slipped to 2.64 billion units valued at RM2.19 billion from 2.96 billion units valued at RM2.18 billion on Wednesday.
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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