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.
It seems like the short rally is indeed short as we were greeted with another downward trend today.
The FBM KLCI closed at 1,658.16 despite having a rather good start to the day when the market hit the intraday high at 1,672.56 before falling down, tracking the regional trend.
Reuters reported that Asian shares slipped on Thursday as crude oil prices see-sawed and Chinese shares dived, rekindling anxiety about the impact of high market volatility on the global economy on the eve of a G20 meeting in Shanghai.
Crude oil prices fell on Thursday as downward pressure from global overproduction and slowing economic growth outweighed strong gasoline demand and lower US crude output.
Brent crude benchmark was trading at US$34.07 per barrel at 0804 GMT, down 34 US cents from its last close.
On Bursa Malaysia, decliners were more than gainers by about half at 565 compared to gainers at 271. There were a total of 1.65 billion shares traded, worth RM1.86 billion.
The top losers include Petronas Gas Bhd and Petronas Chemicals Group Bhd while British American Tobacco (M) Bhd is the top gainer for the day.
APFT Bhd and Genting Malaysia Bhd are the most active stocks for the day.
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| FBM KLCI falls by 6.01 points to 1,658.16 |
The FBM KLCI closed at 1,658.16 despite having a rather good start to the day when the market hit the intraday high at 1,672.56 before falling down, tracking the regional trend.
Reuters reported that Asian shares slipped on Thursday as crude oil prices see-sawed and Chinese shares dived, rekindling anxiety about the impact of high market volatility on the global economy on the eve of a G20 meeting in Shanghai.
Crude oil prices fell on Thursday as downward pressure from global overproduction and slowing economic growth outweighed strong gasoline demand and lower US crude output.
Brent crude benchmark was trading at US$34.07 per barrel at 0804 GMT, down 34 US cents from its last close.
On Bursa Malaysia, decliners were more than gainers by about half at 565 compared to gainers at 271. There were a total of 1.65 billion shares traded, worth RM1.86 billion.
The top losers include Petronas Gas Bhd and Petronas Chemicals Group Bhd while British American Tobacco (M) Bhd is the top gainer for the day.
APFT Bhd and Genting Malaysia Bhd are the most active stocks for the day.
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