Malaysia’s benchmark index retreated as profit-taking in key heavyweights weighed on sentiment, while overall market activity remained active. Summary FBM KLCI fell 0.83% to 1,684.93 , dragged by losses in banking and selected large-cap names, despite steady trading participation. Market Performance FBM KLCI : 1,684.93 (-0.83%) FBM Mid 70: -0.00% (flat) FBM Small Cap: -0.23% FBM ACE: +0.20% Broad market was mixed , with weakness concentrated in large caps. Market Breadth & Trading Activity Total volume: 3.54 billion shares Total value: RM4.19 billion Gainers: 456 Losers: 678 Unchanged: 550 Market breadth turned negative , reflecting cautious sentiment. Top Movers – KLCI Gainers Axiata (6888.MY) +1.54% Petronas Gas (6033.MY) +1.18% Sunway (5211.MY) +1.15% Losers Hong Leong Bank (5819.MY) -3.29% Maybank (1155.MY) -3.02% CIMB (1023.MY) -2.47% Banking sector weakness was the main ...
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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