KUALA LUMPUR, April 2 (Bernama) -- Bursa Malaysia’s benchmark index ended higher, amid an overall cautious market sentiment, on bargain-hunting activities, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 12.87 points or 0.85 per cent to the day’s high of 1,526.52 from Friday’s close of 1,513.65. The benchmark index had opened 3.49 points higher at 1,517.14 and reached an intraday low of 1,514.08. In the broader market, decliners thumped gainers 637 to 288, while 428 counters were unchanged, 995 untraded and nine suspended. Turnover went up to 2.37 billion units valued at RM2.03 billion from Friday’s 2.25 billion units valued at RM2.13 billion. The market was closed on March 31 and April 1 for the Hari Raya public holidays.
It felt like it's the same story everyday.
And that's probably what the bear market looks like....making everyone run and too afraid to invest.
I felt that the picture below as captured from Microsoft's Money app described the current market in a very simple and clear manner.
The oil rallied but this time, another bad news. Apparently, disappointing services data raised the risk that weakness in manufacturing is spreading.
The Standard & Poor’s 500 Index fell a third day after data showed service industries expanded at the slowest pace in nearly two years. Banks led losses in America and dragged European equities to a third day of declines. The dollar plunged to a three-month low versus the euro.
The plunge happens even as the oil market rallies.
The S&P 500 fell 1.2 percent at 11:08 a.m. in New York, headed for a third straight drop after a 1.9 percent slide Tuesday. The index is looking for its first gain in February following a 5.1 percent drop last month that delivered the weakest start to a year since 2009.
Financial firms in the S&P 500 plunged 2.2 percent, bringing the loss this year past 13 percent. Legg Mason Inc. and Charles Schwab Corp. have lost more than 29 percent to pace declines, while investment bank Morgan Stanley is down 25 percent.
The Stoxx Europe 600 Index fell 2 percent, trimming losses of more than 1 percent as miners and real-estate companies paced gains. Italian banks slumped, as Banca Popolare di Milano Scarl, Banco Popolare Societa Cooperativa and Banca Monte dei Paschi di Siena SpA fell more than 5 percent.
The Hang Seng China Enterprises Index retreated 2.5 percent while the Shanghai Composite Index ended the day 0.4 percent lower after falling 1.9 percent. Chinese financial markets will be closed next week for the Lunar New Year. Japan’s Topix index sank 3.2 percent. Stocks around the world have lost $6.5 trillion of value so far this year.
What a way to start 2016....is this just the beginning of things to come? Hmmm...food for thought!
And that's probably what the bear market looks like....making everyone run and too afraid to invest.
I felt that the picture below as captured from Microsoft's Money app described the current market in a very simple and clear manner.
 |
| It's almost painful to watch the daily decline |
The Standard & Poor’s 500 Index fell a third day after data showed service industries expanded at the slowest pace in nearly two years. Banks led losses in America and dragged European equities to a third day of declines. The dollar plunged to a three-month low versus the euro.
The plunge happens even as the oil market rallies.
The S&P 500 fell 1.2 percent at 11:08 a.m. in New York, headed for a third straight drop after a 1.9 percent slide Tuesday. The index is looking for its first gain in February following a 5.1 percent drop last month that delivered the weakest start to a year since 2009.
Financial firms in the S&P 500 plunged 2.2 percent, bringing the loss this year past 13 percent. Legg Mason Inc. and Charles Schwab Corp. have lost more than 29 percent to pace declines, while investment bank Morgan Stanley is down 25 percent.
The Stoxx Europe 600 Index fell 2 percent, trimming losses of more than 1 percent as miners and real-estate companies paced gains. Italian banks slumped, as Banca Popolare di Milano Scarl, Banco Popolare Societa Cooperativa and Banca Monte dei Paschi di Siena SpA fell more than 5 percent.
The Hang Seng China Enterprises Index retreated 2.5 percent while the Shanghai Composite Index ended the day 0.4 percent lower after falling 1.9 percent. Chinese financial markets will be closed next week for the Lunar New Year. Japan’s Topix index sank 3.2 percent. Stocks around the world have lost $6.5 trillion of value so far this year.
What a way to start 2016....is this just the beginning of things to come? Hmmm...food for thought!
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