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 (Sept 19): The FBM KLCI slid 0.39% today, as renewed caution shadowed the market ahead of the two-day US Federal Reserve policy meeting, which will begin later today.
On market close, the KLCI settled at 1,776.66 points, down seven points.
Malacca Securities Sdn Bhd senior analyst Kenneth Leong told theedgemarkets.com that the mood turned cautious as investors are waiting for updates from the Fed meet for clues on its plans to pare its balance sheet.
The market has largely been in the negative zone throughout the trading day. "The lower liners were also in the negative, in tandem with the local board," said Leong.
Across the board, Bursa Malaysia saw 2.01 billion shares worth RM1.92 billion traded. Decliners led gainers by 485 to 309.
Panasonic Manufacturing Malaysia Bhd topped the gainers list, closing 2.72% higher at RM38.50, while CIMB Group Holdings Bhd led the decliners as it fell 3.44% to close at RM6.46.
Hubline Bhd was the most active counter, with over 191.14 million shares traded. It closed 8.33% higher at 6.5 sen.
Across Asia, Japan's Nikkei 225 was up 1.96%; South Korea's Kospi fell 0.09% while Hong Kong's Hang Seng slid 0.38%.
Reuters reported that Japan's Nikkei share average surged 2% on Tuesday to hit its highest close in more than two years as investors drew confidence from a weakening yen and gains on Wall Street, while hopes of a snap election underpinned the market.
Source: The Edge
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