KUALA LUMPUR, Sept 28 (Bernama) -- Bursa Malaysia ended marginally lower on Monday amid selling activity as the market lacked fresh catalysts to spur investors’ buying interest, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.60 points, or 0.09 per cent, to 1,670.02, from Friday’s close of 1,671.62. The benchmark index, which opened 0.93 of-a-point higher at 1,672.55, moved between 1,668.61 and 1,674.11 throughout the trading session. Market breadth was negative as losers surpassed gainers 748 to 388, while 517 counters were unchanged, 1,271 untraded and 91 suspended. Turnover slipped to 3.11 billion units worth RM2.40 billion from 4.07 billion units valued at RM2.69 billion on Friday.
KUALA LUMPUR (June 8): The FBM KLCI closed 0.35 point or 0.02% lower at 1,785.57, as investors keep an eye on global events, including the UK elections, the upcoming testimony by former FBI director James Comey and the developments in the Middle East.
Public Investment Bank Bhd head of research Ching Weng Jin said market participants are taking a wait-and-see attitude, amid the various global uncertainties.
“Investors are not taking any risks amid the UK elections, Comey’s testimony in the US and the diplomatic row in the Middle East. With all these external uncertainties, people are not willing to take any chances,” he said.
Ching noted the low volume of trades today, but said these external factors should not significantly impact the local market.
Across the board, some 1.95 billion shares, worth RM2.15 billion, were traded. Decliners beat gainers at 459 versus 419, while 389 counters were unchanged.
United Plantations Bhd led decliners, while Hartalega Holdings Bhd was top gainer. The top actively-traded counter was AT Systematization Bhd.
Elsewhere in Asia, Hong Kong’s Hang Seng rose 0.34%, South Korea’s Kospi gained 0.15%, while Japan’s Nikkei fell 0.38%.
Reuters reported Asian shares wobbled today, as investors braced for surprises from the UK election, a European Central Bank policy meeting and Comey’s testimony.
MSCI's broadest index of Asia-Pacific shares outside Japan was little changed, though China edged up on unexpectedly solid trade data.
Source: The Edge
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