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Market Daily Report: Bursa Malaysia Gives Up Earlier Gains To End Mixed

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
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Market Daily Report: Weak China's data KO stock market

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.
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