KUALA LUMPUR, Oct 16 (Bernama) -- Bursa Malaysia closed lower on Friday as buying interest shifted from index heavyweights to smaller-cap technology and telecommunications stocks as well as real estate investment trusts (REITs). At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 15.94 points, or 0.98 per cent, to 1,607.76 from Thursday’s close of 1,623.70. The benchmark index, which opened 1.13 points higher at 1,624.83, moved between 1,602.98 and 1,626.34 throughout the session. On the broader market, gainers outnumbered decliners 597 to 470, while 518 counters were unchanged, 1,258 untraded and 33 suspended. Turnover rose 3.13 billion units worth RM3.27 billion from 3.06 billion units worth RM3.03 billion on Thursday.
KUALA LUMPUR (May 4): The FBM KLCI fell 9.97 points or 0.5% to close at its intraday low today as investor risk appetite weakened ahead of Malaysia's 14th General Election (GE14) polling day on Wednesday (May 9, 2018).
At 5pm today, the KLCI finished at 1,841.83 points as KLCI-linked banking stocks CIMB Group Holdings Bhd, Hong Leong Financial Group Bhd and Public Bank Bhd fell among Bursa Malaysia top decliners.
Across Bursa Malaysia, trading volume was 1.61 billion shares worth RM2.12 billion. Inter-Pacific Securities Sdn Bhd head of research Pong Teng Siew told theedgemarkets.com : “It was a very ‘down’ trading day, no one seems to be prepared to take fresh positions. There are no big moves in the index stocks, and active stocks too were mostly down than up."
Pong said investor sentiment was dampened ahead GE14. According to him, expectations are that a win for Barisan Nasional (BN) would mean a surge in the stock market.
Today, Malaysian shares fell with Asian bourses as investors looked ahead at the US employment data due later today. Investors closely watch the US employment data for clues on the pace of US interest rate hikes.
In China, Hong Kong’s Hang Seng lost 1.28% while the Shanghai Stock Exchange Composite fell 0.32%.
South Korea’s Kospi closed down 1.04% while Japan markets remained closed today for the Greenery Day holiday. Yesterday, Japan markets were closed for the Constitution Day holiday.
Source: The Edge

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