KUALA LUMPUR, April 3 (Bernama) -- Bursa Malaysia closed marginally lower on Friday, as cautious sentiment persisted, with investors remaining on the sidelines amid ongoing conflicts in West Asia, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 2.80 points, or 0.16 per cent, to 1,695.50 from Thursday’s close of 1,698.30. The benchmark index opened 5.82 points higher at 1,704.12, and moved between 1,693.65 and 1,708.12 throughout the day. However, market breadth remained positive, with gainers outnumbering losers 634 to 415, while 521 counters were unchanged, 1,077 untraded and 10 suspended. Turnover improved to 3.38 billion units worth RM2.95 billion from yesterday’s 3.20 billion units worth RM3.50 billion.
KUALA LUMPUR (Jan 4): The FBM KLCI closed 6.05 points or 0.36% lower today after US stocks fell substantially overnight on Thursday amid weaker outlook on China's and US' economies.
At 5pm, the KLCI closed at 1,669.78. Overnight in the US, Reuters reported the Dow Jones Industrial Average fell 660.02 points or 2.83 percent, to 22,686.22, the S&P 500 lost 62.14 points, or 2.48 percent, to 2,447.89 and the Nasdaq Composite dropped 202.43 points, or 3.04 percent, to 6,463.50.
It was reported that a survey from the Institute for Supply Management (ISM) on Thursday showed US factory activity hit the brakes in December as new orders slowed sharply. It was reported that the dismal report came after Chinese data on Monday showed its manufacturing activity contracted in December for the first time in more than two years.
In Malaysia today, Malacca Securities Sdn Bhd head of research Victor Wan told theedgemarkets.com that "weak global market sentiment, mainly due to the China-US trade war, weighed on Malaysian stocks."
Across Bursa Malaysia, the bourse saw 2.2 billion shares worth RM1.29 billion traded. Top decliners included Tenaga Nasional Bhd and Malaysia Airports Holdings Bhd.
Bursa Malaysia small market capitalisation (small-cap) stocks rose. Bursa Malaysia's small-cap index closed up 129.84 points or 1.16% at 11,333.73.
Wan said small-cap stocks saw a reprieve today after being “severely beaten down” for a year.
Source: The Edge

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