KUALA LUMPUR, April 3 (Bernama) -- Bursa Malaysia ended lower today, with the benchmark index declining 0.5 per cent, weighed down by selected heavyweights led by Press Metal, IHH Healthcare, and Tenaga Nasional. Press Metal shed 16 sen to RM4.87, IHH Healthcare dipped 14 sen to RM6.75, and TNB slipped 18 sen to RM13.58. These stocks resulted in a 6.12-point decline in the benchmark index. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 7.61 points to 1,518.91 versus Wednesday’s close of 1,526.52. The benchmark index opened 9.22 points lower at 1,517.30 and fluctuated between 1,512.32 and 1,524.41 throughout the day. In the broader market, losers thumped gainers 548 to 357, while 448 counters were unchanged, 994 untraded and eight suspended. Turnover rose to 2.51 billion units valued at RM1.81 billion against Wednesday’s 2.37 billion units valued at RM2.03 billion. ...
KUALA
LUMPUR (Feb 2): The FBM KLCI traded sideways today as investing
interest subsided in the holiday-shortened week. Furthermore, selling
pressure on Wall Street has also curbed interest in the local bourse, in
addition to absence of local buying impetus.
The benchmark index was nearly flat to close at 1,870.48 points, up barely 1.9 points against the closing on Tuesday.
Hong Leong Investment Bank Bhd head of retail research Loui Low told theedgemarkets.com today’s market showed little movement given the uncertainties on Wall Street after some selling pressure in the earlier of the week.
“After the two days of holiday, the market is digesting news of the selldown seen in US over the past few days,” said Low.
He commented that it is wise for investors to take profit on the small cap stocks considering the uncertainties in the US market.
Across Bursa Malaysia, a total of 2.61 billion shares worth RM3.25 billion were done. Market breadth was negative at a ratio of 610 decliners versus 404 advancers, while 404 other counters closed flat.
Top decliners were Malaysian Pacific Industries Bhd, Tasek Corp Bhd, and British American Tobacco (M) Bhd.
Top gainers included consumer-related stocks Nestle (M) Bhd, Carlsberg Brewery Malaysia Bhd, and Dutch Lady Milk Industries Bhd, in line with the recovery of the ringgit.
As at press time, ringgit was trading at 3.8885 against the greenback.
The regional bourses also headed south today, taking the cue from Wall Street. Japan’s Nikkei 225 slid 0.9%, South Korea’s Kospi closed 1.68% down, while the Hong Kong Hang Seng Index ended 0.12% lower.
Reuters reported Wall Street had seen a rocky week with mostly robust earnings met by rising bond yields, as central banks around the world are expected to tighten monetary policy.
Source: The Edge
The benchmark index was nearly flat to close at 1,870.48 points, up barely 1.9 points against the closing on Tuesday.
Hong Leong Investment Bank Bhd head of retail research Loui Low told theedgemarkets.com today’s market showed little movement given the uncertainties on Wall Street after some selling pressure in the earlier of the week.
He commented that it is wise for investors to take profit on the small cap stocks considering the uncertainties in the US market.
Across Bursa Malaysia, a total of 2.61 billion shares worth RM3.25 billion were done. Market breadth was negative at a ratio of 610 decliners versus 404 advancers, while 404 other counters closed flat.
Top decliners were Malaysian Pacific Industries Bhd, Tasek Corp Bhd, and British American Tobacco (M) Bhd.
Top gainers included consumer-related stocks Nestle (M) Bhd, Carlsberg Brewery Malaysia Bhd, and Dutch Lady Milk Industries Bhd, in line with the recovery of the ringgit.
As at press time, ringgit was trading at 3.8885 against the greenback.
The regional bourses also headed south today, taking the cue from Wall Street. Japan’s Nikkei 225 slid 0.9%, South Korea’s Kospi closed 1.68% down, while the Hong Kong Hang Seng Index ended 0.12% lower.
Reuters reported Wall Street had seen a rocky week with mostly robust earnings met by rising bond yields, as central banks around the world are expected to tighten monetary policy.
Source: The Edge
Comments
Post a Comment