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 (May 22): The FBM KLCI fell 8.55 points or 0.5% as investors took cue from Malaysian corporate financial results during the current reporting season.
These include financial results from KLCI-linked companies Telekom Malaysia Bhd (TM) and Petronas Chemicals Group Bhd.
At 5pm, the KLCI closed at 1,845.03 points. TM dropped 50 sen to RM4.20 while Petronas Chemicals fell 27 sen to RM8.43.
Public Investment Bank Bhd head of research Ching Weng Jin told theedgemarkets.com: "Investors are now closely monitoring the delivery of promises by the new (Malaysian) government, and the delivery of results by the corporates."
Across Bursa Malaysia, volume stood at 2.36 billion shares worth RM2.74 billion. Top decliners included TM, Tenaga Nasional Bhd and Petronas Chemicals.
The most-active stocks included YTL Power International Bhd, which saw some 63 million shares traded. YTL Power closed 4.5 sen lower at 77.5 sen.
Source: The Edge
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