KUALA LUMPUR, March 30 (Bernama) -- Bursa Malaysia’s benchmark index closed lower today, in line with most regional markets, as investors adjusted their risk exposure amid spiralling oil prices driven by the ongoing West Asia conflict, now in its second month. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) retreated by 24.75 points or 1.44 per cent to 1,687.90 from Friday’s close of 1,712.65. The market bellwether opened 10.57 points weaker at 1,702.08 and fluctuated between 1,682.79 and 1,702.38. The broader market was bearish, with decliners thumping advancers 956 to 371. A total of 373 counters were unchanged, 1,042 untraded and 134 suspended. Turnover expanded to 3.98 billion units worth RM4.85 billion from last Friday’s 2.97 billion units worth RM3.25 billion.
KUALA LUMPUR (Feb 14): The FBM KLCI declined marginally today but stayed above the 1,700 psychological level the entire day, as market sentiment remained bullish after the rally in the previous two trading days.
The benchmark index settled at 1,708.90, down 1.34 points or 0.08% from yesterday, after moving between 1,703.59 and 1,710.08.
Interpacific Securities Sdn Bhd’s senior remisier Sam Ng said the market’s overall trading behaviour today was stable.
“The price behaviour remains resilient today. The KLCI trend seems stable, as bullish sentiment in the past has attracted some investors to enter the market,” he told theedgemarkets.com.
Across the board, there were 2.18 billion shares traded, worth some RM2.56 billion.
A total of 387 stocks gained, 470 counters fell, while 387 stocks finished unchanged.
The biggest loser was KESM Industries Bhd, while the top gainer was British American Tobacco (M) Bhd.
Sterling Progress Bhd was the day’s most actively-traded counter, with 56.35 million shares exchanging hands.
Reuters reported Southeast Asian stock markets fell today, as a stronger dollar weighed on sentiment, while investors awaited the congressional testimony by U.S. Federal Reserve Chair Janet Yellen for clues on the pace of interest rate hikes.
Yellen will present the U.S. central bank's semi-annual report on monetary policy and the economy in testimony to the Senate Banking Committee today, followed by the semi-annual monetary testimony, before the House Financial Committee on Wednesday.
The ringgit weakened slightly to 4.4490 against the U.S. dollar, and to 3.1377 against the Singapore dollar, in late afternoon trading.
Source: The Edge
Comments
Post a Comment