KUALA LUMPUR, March 30 (Bernama) -- Bursa Malaysia’s benchmark index closed lower today, in line with most regional markets, as investors adjusted their risk exposure amid spiralling oil prices driven by the ongoing West Asia conflict, now in its second month. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) retreated by 24.75 points or 1.44 per cent to 1,687.90 from Friday’s close of 1,712.65. The market bellwether opened 10.57 points weaker at 1,702.08 and fluctuated between 1,682.79 and 1,702.38. The broader market was bearish, with decliners thumping advancers 956 to 371. A total of 373 counters were unchanged, 1,042 untraded and 134 suspended. Turnover expanded to 3.98 billion units worth RM4.85 billion from last Friday’s 2.97 billion units worth RM3.25 billion.
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| FBM KLCI closed marginally lower |
Malaysians who are in the stock market must be fascinated with the stock market movement because of its volatility. The fluctuation of the market happened in a period of the financial reporting season in the country.
The KLCI fell to 1,674.59 despite a rise in major Asian share markets. Japan's Nikkei 225 rose 0.9% while Hong Kong's Hang Seng added 0.93%.
Across the Malaysian market, 1.62 billion shares worth RM1.64 billion changed hands. Bursa seen the market closed with 468 gainers versus 364 decliners.
Export-driven stocks such as Top Glove Corp Bhd and PIE Industrial Bhd were among the top ten gainers.
The leading decliner was British American Tobacco (M) Bhd.
The most-active stock was APFT Bhd.
Asian share markets rose on Monday, extending last week's gains, as investors awaited a rush of February industry surveys to take the pulse of the global economy, while the sterling stumbled on concerns the UK might yet vote to leave the European Union, according to Reuters.
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