KUALA LUMPUR, Aug 18 (Bernama) -- Bursa Malaysia ended higher on Tuesday, outperforming most regional markets as investors continued to rotate towards commodity and plantation-related stocks, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 7.47 points, or 0.43 per cent, to 1,733.36 compared with Monday’s close of 1,725.89. The benchmark index opened 1.63 points higher at 1,727.52, and fluctuated between 1,723.60 and 1,734.53 throughout the day. On the broader market, losers outpaced gainers 762 to 438, while 576 counters were unchanged, 1,075 untraded and 16 suspended. Turnover expanded to 3.74 billion units valued at RM2.91 billion from 3.45 billion units valued at RM2.74 billion on Monday.
Bursa Malaysia's benchmark, FBM KLCI suffered a drop of 10.07
points or 0.6% as China’s data disappoints the market. At market close, FBM
KLCI was at 1,687.86 points.
 |
| FBM KLCI closed 10.07 points lower |
Reuters reported that global stock markets fell on Tuesday after
another batch of weak data from China reinforced persistent concerns about a
possible slowdown in the global economy.
China's February exports disappointed analysts'
expectations, falling 25.4% from a year earlier, while imports fell by 13.8%.
The pan-European FTSEurofirst 300
index fell 1 percent while the MSCI All-Country World index weakened 0.3
percent.
Japan's safe-haven yen notched up
gains while the low-yielding euro moved up against the dollar on Tuesday as
appetite for riskier assets and currencies waned following the weak Chinese
data.
The soft Chinese exports figures
also impacted oil and metals prices.
The MSCI Emerging Market index
fell 0.7 percent while U.S. stock index futures also declined.
Across Bursa Malaysia, 2.01 billion shares worth RM2.07 billion
were traded. Decliners overtook gainers at 568 against 286.
The top gainer was Carlsberg Brewery Malaysia Bhd while the top
decliner was British American Tobacco (M) Bhd.
The most-active counters included Chin Hin Group Bhd and AirAsia
X Bhd.
Comments
Post a Comment