KUALA LUMPUR, Feb 11 (Bernama) -- Bursa Malaysia ended higher today as buying on selected blue chips continued, said a brokerage. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 8.85 points or 0.51 per cent to 1,756.39 from Tuesday’s close of 1,747.54. The barometer index opened 3.69 points higher at 1,751.23 before moving as low as 1,745.51 in early trade to as high as 1,757.15 during the mid-afternoon session. Market breadth was positive with gainers leading losers 575 to 474, while 549 counters were unchanged, 1,087 untraded and 11 suspended. Turnover expanded to 2.55 billion units valued at RM3.06 billion from yesterday’s 2.19 billion units valued at RM2.35 billion.
KUALA LUMPUR (April 13): The benchmark FBM KLCI index slipped 0.34% today, following weak cues from Wall Street after U.S. President Donald Trump’s comment on the U.S. currency being too strong, which kept the U.S. markets nervous.
At the closing bell, the KLCI closed 5.90 points lower to 1,738.18, with 3.9 billion shares worth RM2.6 billion traded.
Market breadth was negative with only 220 gainers compared with 765 decliners, while 305 counters were unchanged. Malayan United Industries Bhd continued to be the most actively-traded counter. Eita Resources Bhd was the top gainer, while Nestle (M) Bhd was the leading decliner.
Etiqa Insurance & Takaful Head of research Chris Eng said the lackluster performance in the stock market is mainly due to the U.S. stock performance as seen by the S&P 500 index that closed below its 50-day moving average for the first time since Nov 8.
“I think moving forward, the market will take a cue from the U.S. stock market performance,” Eng told theedgemarkets.com.
Reuters reported Japanese stocks slumped to fresh four-month lows on Thursday, as the yen spiked against the U.S. dollar, after Trump said the U.S. dollar was too strong, hitting exporters and financial stocks hard.
Across the region, Japan’s Nikkei 225 fell by 0.68%, while Hong Kong’s Hang Seng closed lower by 0.21%. South Korea’s Kospi however gained by 0.93%.
Closer to home, both Singapore’s STI and Indonesia’s Jakarta Composite Index also fell by 0.65% and 0.49% respectively.
Source: The Edge

Comments
Post a Comment