KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
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.
 |
| 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.
Comments
Post a Comment