KUALA LUMPUR, Jan 28 (Bernama) -- Bursa Malaysia snapped its five-day winning streak to close lower on Wednesday, as investors took profit following a cumulative gain of 4.25 per cent over the past five sessions, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 14.76 points or 0.83 per cent to 1,756.49 from Tuesday’s close of 1,771.25. The market bellwether opened 1.46 points lower at 1,769.79, marking the day’s high, and hit a low of 1,750.05 during the mid-afternoon session. Market breadth was negative with losers trouncing gainers 876 to 384, while 525 counters were unchanged, 964 untraded and 94 suspended. Turnover improved to 3.65 billion units worth RM4.41 billion from Tuesday's 3.58 billion units worth RM4.46 billion.
KUALA LUMPUR (Jan 3): The FBM KLCI closed 7.72 points or 0.46% higher today on bargain hunting after the substantial decline yesterday.
Today, the KLCI closed at 1,675.83 at 5pm after investors bargain hunted for stocks including Sime Darby Plantation Bhd. Yesterday, the KLCI ended down 22.47 points at 1,668.11.
Today, Malacca Securities Sdn Bhd senior analyst Kenneth Leong told theedgemarket.com: “The positive sentiment was mainly spurred by bargain hunting activities after the more than 20 point selloff in the previous session.”
Across Bursa Malaysia, 1.76 billion shares worth RM1.22 billion were traded. Top gainers included KLCI stocks Hong Leong Financial Group Bhd and and Tenaga Nasional Bhd.
Bursa Malaysia leading decliners included Globetronics Technology Bhd after Apple Inc's revenue warning hit world stock markets. Globetronics closed down 24 sen or 13.95% at RM1.48 while Bursa Malaysia's technology index fell 1.31 points or 4.53% to 27.64.
Globally, Reuters reported that US stock futures fell and Asian shares stumbled on Thursday after a rare revenue warning from Apple added to worries about slowing global growth and weaker earnings and jolted currency markets. It was reported that Apple blamed fewer iPhone upgrades and slowing sales in China in its most recent quarter, its first such warning since 2007. Its shares tumbled in after-hours trade.

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