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 (June 28): The FBM KLCI erased earlier gains today to close down 0.4 points or 0.02% amid thin trading activity as investors stayed on the sidelines ahead of the first half window dressing activities.
Malaysian stocks extended their loss for the fourth consecutive day to end the day at 1,665.68 points, after climbing to an intraday high of 1,670.85. Trading volume fell to 1.56 billion shares worth RM1.66 billion compared with yesterday’s 2.01 billion shares worth RM1.99 billion.
"The market was a bit quiet. There was an absence of foreign sellers, but the bad news was the volume among bargain hunters was weak," TA Securities Research analyst Stephen Soo told theedgemarkets.com.
"One possible explanation could be that investors are saving their bullets for the upcoming window dressing for the first half of the year," he added.
Decliners led gainers by 419 counters against 365, while 650 counters were unchanged.
British American Tobacco (M) Bhd led gainers, followed by United Plantations Bhd and Padini Holdings Bhd. Lagging movers were Carlsberg Brewery (M) Bhd, Panasonic Manufacturing (M) Bhd and Tenaga Nasional Bhd.
Regionally, Japan's Nikkei 225 slipped 0.01%, South Korea's Kospi fell 1.19% while Hong Kong's HSI rose 0.5%.
Reuters reported that Asian stocks slumped to nine-month lows on Thursday after Wall Street retreated overnight on renewed uncertainty regarding the US stance on Chinese investments in American technology companies.
In other markets, the ringgit extended its retreat against the US dollar. At the time of writing, the local currency was trading at 4.0445 against the greenback.
Source: The Edge
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