KUALA LUMPUR, Feb 10 (Bernama) -- Gains in Axiata, Tenaga Nasional, and Maybank helped Bursa Malaysia’s main index pare earlier losses, ending marginally lower amid the ongoing concerns about US inflation and President Donald Trump’s reciprocal tariff threat. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 0.96 of-a-point to 1,589.95 compared with last Friday’s close of 1,590.91. The benchmark index opened 3.26 points lower at 1,587.65 and moved between 1,584.20 and 1,590.49 during the session. The broader market remained negative, with losers outpacing gainers 589 to 366, while 503 counters were unchanged, 872 untraded and 22 suspended. Turnover improved to 3.0 billion units worth RM1.85 billion from 2.93 billion units valued at RM2.22 billion on Friday. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said investors have shifted their attention to smaller-cap stocks, partic...
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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