KUALA LUMPUR, April 3 (Bernama) -- Bursa Malaysia ended lower today, with the benchmark index declining 0.5 per cent, weighed down by selected heavyweights led by Press Metal, IHH Healthcare, and Tenaga Nasional. Press Metal shed 16 sen to RM4.87, IHH Healthcare dipped 14 sen to RM6.75, and TNB slipped 18 sen to RM13.58. These stocks resulted in a 6.12-point decline in the benchmark index. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 7.61 points to 1,518.91 versus Wednesday’s close of 1,526.52. The benchmark index opened 9.22 points lower at 1,517.30 and fluctuated between 1,512.32 and 1,524.41 throughout the day. In the broader market, losers thumped gainers 548 to 357, while 448 counters were unchanged, 994 untraded and eight suspended. Turnover rose to 2.51 billion units valued at RM1.81 billion against Wednesday’s 2.37 billion units valued at RM2.03 billion. ...
Standard & Poor's 500 Index turns positive for 2016 in the wake of a dovish Federal Reserve that helped the gauge post its longest weekly winning streak since November.
The S&P 500 followed the Dow Jones Industrial Average to advance for the year, after a poor start to the year, with The Dow jumping by 12% in 24 days through Thursday, boosted by seven separate daily advances exceeding 1%. It's amazing given that 2016 has started with one of the worst performance so far but a stunning comeback with stocks pushing over the top as US Fed signaled a slower pace of interest-rate increase this week.
The S&P 500 added 0.4% to 2,049 and is now up 0.3% this year after falling as much as 11%.
According to a report from Bloomberg, Friday’s gains were braced by health-care companies, with the group on the way to ending the longest losing streak in two months. Banks were on pace to halt a three-day slide after also lagging a broader rally in the past two weeks.
The Dow average Thursday wiped out a year-to-date decline that swelled to as much as 10% in February. It’s the fastest that a retreat of that size or more has ever been reversed this early in a year, data compiled by Bloomberg show.
The S&P 500 has climbed 1.3% this week, and is less than 4% away from a record set last May.
Energy and raw-materials have led the S&P 500 over the last five weeks.
A tumble in the dollar Thursday brought on by a more dovish Fed helped push the two groups to three-month highs yesterday.
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| One of the greatest comeback in the history |
The S&P 500 added 0.4% to 2,049 and is now up 0.3% this year after falling as much as 11%.
According to a report from Bloomberg, Friday’s gains were braced by health-care companies, with the group on the way to ending the longest losing streak in two months. Banks were on pace to halt a three-day slide after also lagging a broader rally in the past two weeks.
The Dow average Thursday wiped out a year-to-date decline that swelled to as much as 10% in February. It’s the fastest that a retreat of that size or more has ever been reversed this early in a year, data compiled by Bloomberg show.
The S&P 500 has climbed 1.3% this week, and is less than 4% away from a record set last May.
Energy and raw-materials have led the S&P 500 over the last five weeks.
A tumble in the dollar Thursday brought on by a more dovish Fed helped push the two groups to three-month highs yesterday.
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