KUALA LUMPUR, Jan 28 (Bernama) -- Bursa Malaysia snapped its five-day winning streak to close lower on Wednesday, as investors took profit following a cumulative gain of 4.25 per cent over the past five sessions, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 14.76 points or 0.83 per cent to 1,756.49 from Tuesday’s close of 1,771.25. The market bellwether opened 1.46 points lower at 1,769.79, marking the day’s high, and hit a low of 1,750.05 during the mid-afternoon session. Market breadth was negative with losers trouncing gainers 876 to 384, while 525 counters were unchanged, 964 untraded and 94 suspended. Turnover improved to 3.65 billion units worth RM4.41 billion from Tuesday's 3.58 billion units worth RM4.46 billion.
The FBM KLCI fell 1.51 points or 0.1% after China's weaker external trade numbers continue to hit Asian shares.
At 5pm, the KLCI closed at 1,686.35 points after reaching an intraday low of 1,676.93. The market rebounded strongly in the second half of trading.
According to Bloomberg data, China's Shanghai Composite slid 1.34% while Japan's Nikkei 225 lost 0.84%.
Today, Reuters reported that sharp losses in Chinese stocks pulled Asian equities further away from two-month highs on Wednesday as weak trade figures from the world's second-biggest economy and wobbly oil prices revived concerns about global growth.
Across Bursa Malaysia, there were 446 gainers versus 341 decliners. Trading volume was 1.83 billion shares worth RM1.9 billion.
Both AirAsia Bhd and AirAsia X Bhd dominated the top-active list.
P.I.E. Industrial Bhd led gainers while British American Tobacco (M) Bhd was the top decliner.
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| FBM KLCI closed lower at 1,686.35 |
At 5pm, the KLCI closed at 1,686.35 points after reaching an intraday low of 1,676.93. The market rebounded strongly in the second half of trading.
According to Bloomberg data, China's Shanghai Composite slid 1.34% while Japan's Nikkei 225 lost 0.84%.
Today, Reuters reported that sharp losses in Chinese stocks pulled Asian equities further away from two-month highs on Wednesday as weak trade figures from the world's second-biggest economy and wobbly oil prices revived concerns about global growth.
Across Bursa Malaysia, there were 446 gainers versus 341 decliners. Trading volume was 1.83 billion shares worth RM1.9 billion.
Both AirAsia Bhd and AirAsia X Bhd dominated the top-active list.
P.I.E. Industrial Bhd led gainers while British American Tobacco (M) Bhd was the top decliner.
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