KUALA LUMPUR, March 30 (Bernama) -- Bursa Malaysia’s benchmark index closed lower today, in line with most regional markets, as investors adjusted their risk exposure amid spiralling oil prices driven by the ongoing West Asia conflict, now in its second month. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) retreated by 24.75 points or 1.44 per cent to 1,687.90 from Friday’s close of 1,712.65. The market bellwether opened 10.57 points weaker at 1,702.08 and fluctuated between 1,682.79 and 1,702.38. The broader market was bearish, with decliners thumping advancers 956 to 371. A total of 373 counters were unchanged, 1,042 untraded and 134 suspended. Turnover expanded to 3.98 billion units worth RM4.85 billion from last Friday’s 2.97 billion units worth RM3.25 billion.
KUALA
LUMPUR (March 29): The FBM KLCI closed 1.52 points or 0.1% lower on
profit taking after rising with Asian shares earlier.
Reuters reported that Asian shares erased losses to close higher on media reports that Japan had sounded out North Korea's government about a bilateral summit, and that Pyongyang had also discussed the possibility of a broader meeting with other global leaders. It was reported that Beijing had said on Wednesday that North Korea's leader Kim Jong Un had pledged his commitment to denuclearisation at a meeting with Chinese President Xi Jinping.
At Bursa Malaysia today, the KLCI closed at 1,856.35 at 5pm after volatile trade. The KLCI's intraday high and low were at 1,860.56 and 1,854.50 respectively.
At 5pm, the KLCI ended lower after investors sold index-linked stocks including Press Metal Aluminium Holdings Bhd and Genting Bhd. Across Bursa Malaysia, 1.89 billion shares worth RM2.09 billion were traded.
Inter-Pacific Securities Sdn Bhd research head Pong Teng Siew told theedgemarkets.com that trading value across Bursa Malaysia today was below last year's average. “My guess is that retail investors have stayed at the sidelines in this kind of choppy environment with no sustained gains. The retail investors seem to be staying away from the market for now,” Pong said.
Across Asia, Japan's Nikkei 225 climbed 0.61%, South Korea's Kospi rose 0.71% while Hong Kong’s Hang Seng was up 0.24%.
Hong Kong markets will be closed for the Good Friday holiday tomorrow (March 30) and will remain closed on Monday (April 2) for Easter Monday break.
Source: The Edge
Reuters reported that Asian shares erased losses to close higher on media reports that Japan had sounded out North Korea's government about a bilateral summit, and that Pyongyang had also discussed the possibility of a broader meeting with other global leaders. It was reported that Beijing had said on Wednesday that North Korea's leader Kim Jong Un had pledged his commitment to denuclearisation at a meeting with Chinese President Xi Jinping.
At Bursa Malaysia today, the KLCI closed at 1,856.35 at 5pm after volatile trade. The KLCI's intraday high and low were at 1,860.56 and 1,854.50 respectively.
At 5pm, the KLCI ended lower after investors sold index-linked stocks including Press Metal Aluminium Holdings Bhd and Genting Bhd. Across Bursa Malaysia, 1.89 billion shares worth RM2.09 billion were traded.
Inter-Pacific Securities Sdn Bhd research head Pong Teng Siew told theedgemarkets.com that trading value across Bursa Malaysia today was below last year's average. “My guess is that retail investors have stayed at the sidelines in this kind of choppy environment with no sustained gains. The retail investors seem to be staying away from the market for now,” Pong said.
Across Asia, Japan's Nikkei 225 climbed 0.61%, South Korea's Kospi rose 0.71% while Hong Kong’s Hang Seng was up 0.24%.
Hong Kong markets will be closed for the Good Friday holiday tomorrow (March 30) and will remain closed on Monday (April 2) for Easter Monday break.
Source: The Edge
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