KUALA LUMPUR, Nov 19 (Bernama) -- Bursa Malaysia gave up earlier gains to end mixed today, amid a higher regional market showing, as property, construction, and healthcare counters attracted buying interests, while plantation, banking, and telecommunication stocks saw some profit-taking, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.70 points to close at 1,602.34 from yesterday’s close of 1,604.04. The benchmark index, which opened 0.86 of-a-point lower at 1,603.18, moved between 1,601.02 and 1,608.88 during the trading session. However, the broader market was mixed to higher, with gainers leading decliners by 565 to 438 while 502 counters remained unchanged, 961 untraded, and 14 suspended. Turnover narrowed to 2.83 billion units valued at RM2.08 billion versus 2.96 billion units valued at RM2.23 billion yesterday. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the benchmark index remained range-bound and it required a dec
Wall Street fell late on Thursday morning after a three-day rally. A slump in Wal-Mart weighed on consumer stocks and as oil prices retreated, sectors that drove the three-day rally gave up some gains.
Crude oil prices, whose performance has been tightly tied to the stock market, dropped from session highs after a report showed U.S. crude stocks rose last week. Brent crude was flat.
Wal-Mart (WMT.N) slumped 4.4 percent to $63.23 after the retailer reported a lower quarterly profit and gave a lackluster sales outlook.
The stock was the biggest drag on the Dow and also dragged down other consumer stocks.
Reuters reported that limiting the losses were shares of IBM (IBM.N), which rose 5.7 percent to $133.35 after Morgan Stanley upgraded the stock to "overweight" and the company made another health-related acquisition.
At 11:11 a.m. ET, the Dow Jones industrial average .DJI was down 35.44 points, or 0.22 percent, at 16,418.39.
The S&P 500 .SPX was down 8.76 points, or 0.45 percent, at 1,918.06 and the Nasdaq Composite index .IXIC was down 33.08 points, or 0.73 percent, at 4,500.99.
A three-day rally, led by financial stocks, boosted the benchmark S&P 500 5.3 percent. But such has been the rout since the start of the year that the index is still down about 6.1 percent in 2016.
Economic data provided some relief. A report showed U.S. jobless claims unexpectedly fell to 262,000 last week, pointing to labor market strength that could keep a Federal Reserve rate hikes on the table this year.
Advancing issues outnumbered decliners on the NYSE by 1,529 to 1,309. On the Nasdaq, 1,248 issues rose and 1,238 fell.
The S&P 500 index showed six new 52-week highs and one new low, while the Nasdaq recorded 12 new highs and 21 new lows.
Crude oil prices, whose performance has been tightly tied to the stock market, dropped from session highs after a report showed U.S. crude stocks rose last week. Brent crude was flat.
Wal-Mart (WMT.N) slumped 4.4 percent to $63.23 after the retailer reported a lower quarterly profit and gave a lackluster sales outlook.
The stock was the biggest drag on the Dow and also dragged down other consumer stocks.
Reuters reported that limiting the losses were shares of IBM (IBM.N), which rose 5.7 percent to $133.35 after Morgan Stanley upgraded the stock to "overweight" and the company made another health-related acquisition.
At 11:11 a.m. ET, the Dow Jones industrial average .DJI was down 35.44 points, or 0.22 percent, at 16,418.39.
The S&P 500 .SPX was down 8.76 points, or 0.45 percent, at 1,918.06 and the Nasdaq Composite index .IXIC was down 33.08 points, or 0.73 percent, at 4,500.99.
A three-day rally, led by financial stocks, boosted the benchmark S&P 500 5.3 percent. But such has been the rout since the start of the year that the index is still down about 6.1 percent in 2016.
Economic data provided some relief. A report showed U.S. jobless claims unexpectedly fell to 262,000 last week, pointing to labor market strength that could keep a Federal Reserve rate hikes on the table this year.
Advancing issues outnumbered decliners on the NYSE by 1,529 to 1,309. On the Nasdaq, 1,248 issues rose and 1,238 fell.
The S&P 500 index showed six new 52-week highs and one new low, while the Nasdaq recorded 12 new highs and 21 new lows.
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