KUALA LUMPUR, Aug 19 (Bernama) -- Bursa Malaysia ended lower on Wednesday, as elevated United States (US) Treasury yields and weakness in technology stocks weighed on investor sentiment, an analyst said. However, gains in healthcare and telecommunications stocks provided some support to the broader local market. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 2.04 points, or 0.12 per cent, to 1,731.32 compared with Tuesday’s close of 1,733.36. The benchmark index opened 1.39 points weaker at 1,731.97, and fluctuated between 1,725.95 and 1,733.44 throughout the day. On the broader market, losers outpaced gainers 701 to 478, while 563 counters were unchanged, 1,131 untraded and 16 suspended. Turnover shrank to 3.31 billion units valued at RM2.92 billion from 3.74 billion units valued at RM2.91 billion on Tuesday.
KUALA LUMPUR (Jan 17): The FBM KLCI rose 2.6 points or 0.1% after an 11th-hour spike and as the ringgit strengthened against major currencies.
At 5pm, the KLCI closed at 1,828.63 points after falling to its intraday low at 1,821.54. The KLCI reversed losses as KLCI-linked Hong Leong Bank Bhd and Genting Bhd shares rose among Bursa Malaysia top gainers.
Bursa Malaysia small-capitalisation (small cap) stocks fell. The FBM Small Cap Index fell 150.53 points or 0.85% to close at 17,528.90 points.
Across Bursa Malaysia, 4.97 billion shares valued at RM2.79 billion were traded. Hong Leong Bank was the top gainer while Genting Bhd was the eighth-largest advancer.
AmInvestment Bank Bhd analyst Lim Sae Wai told theedgemarkets.com :
“The small-cap index is going through a steeper correction, but its
recent peak in early January was pretty overboard, so it is not
surprising to see a bit of a pullback. There is a perceived negative
sentiment on the weaker dollar towards selected export-oriented
companies.”
The ringgit strengthened against the US dollar and Singapore dollar. Compared to the US dollar, the ringgit appreciated to its strongest level today at 3.9435. Over the last one-year, the exchange rate was between 3.9435 and 4.4618.
Against the Singapore dollar today, the ringgit apreciated to its firmest point at 2.9833. Over the last one-year, the exchange rate was between 2.9833 and 3.1786.
Source: The Edge
The ringgit strengthened against the US dollar and Singapore dollar. Compared to the US dollar, the ringgit appreciated to its strongest level today at 3.9435. Over the last one-year, the exchange rate was between 3.9435 and 4.4618.
Against the Singapore dollar today, the ringgit apreciated to its firmest point at 2.9833. Over the last one-year, the exchange rate was between 2.9833 and 3.1786.
Source: The Edge
Comments
Post a Comment