KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day. The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
KUALA
LUMPUR (Aug 16): The FBM KLCI rose 1.36 points or 0.1% as the
geopolitical tension between the US and North Korea receded. The KLCI
erased losses after falling with index-linked plantation shares.
At 5pm, the KLCI closed at 1,773.75 points after falling to its intraday low at 1,771.6 points.
“The market today is quite flat, no local catalysts in sight except for more corporate results coming in [within these two weeks]...also markets seem to have calmed down from the US and North Korea tensions earlier,” JF Apex Securities Bhd senior analyst Lee Cherng Wee told theedgemarkets.com.
Reuters reported that the dollar hoarded hefty gains on Wednesday after strong US retail sales revived the chance of another Federal Reserve rate hike this year, while Asia stocks inched ahead as tensions in the Korean peninsula went off the boil.
It was reported that North Korean leader Kim Jong Un has delayed a decision to fire missiles towards Guam while he waits to see what the United States does, as Washington said any dialogue was up to Kim.
At Bursa Malaysia, the KLCI fell earlier as investors sold plantation shares on news Malaysian crude palm oil (CPO) futures dropped more than 1% today. Malaysian CPO had tracked overnight soyoil losses on the Chicago Board of Trade as both commodities are substitutes to each other.
CPO's price drop had an apparent impact on Malaysian shares as plantation companies topped Bursa Malaysia decliners. United Plantations Bhd shares topped decliners followed by Genting Plantations Bhd warrants.
Across Bursa Malaysia, 1.72 billion shares valued at RM1.8 billion were traded. Gainers outweighed decliners at 498 against 283 respectively.
Source: The Edge
At 5pm, the KLCI closed at 1,773.75 points after falling to its intraday low at 1,771.6 points.
“The market today is quite flat, no local catalysts in sight except for more corporate results coming in [within these two weeks]...also markets seem to have calmed down from the US and North Korea tensions earlier,” JF Apex Securities Bhd senior analyst Lee Cherng Wee told theedgemarkets.com.
Reuters reported that the dollar hoarded hefty gains on Wednesday after strong US retail sales revived the chance of another Federal Reserve rate hike this year, while Asia stocks inched ahead as tensions in the Korean peninsula went off the boil.
It was reported that North Korean leader Kim Jong Un has delayed a decision to fire missiles towards Guam while he waits to see what the United States does, as Washington said any dialogue was up to Kim.
At Bursa Malaysia, the KLCI fell earlier as investors sold plantation shares on news Malaysian crude palm oil (CPO) futures dropped more than 1% today. Malaysian CPO had tracked overnight soyoil losses on the Chicago Board of Trade as both commodities are substitutes to each other.
CPO's price drop had an apparent impact on Malaysian shares as plantation companies topped Bursa Malaysia decliners. United Plantations Bhd shares topped decliners followed by Genting Plantations Bhd warrants.
Across Bursa Malaysia, 1.72 billion shares valued at RM1.8 billion were traded. Gainers outweighed decliners at 498 against 283 respectively.
Source: The Edge
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