KUALA LUMPUR, Aug 24 (Bernama) -- Bursa Malaysia ended marginally lower on Monday as investors awaited further corporate earnings results for clearer market direction, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.15 of a point to 1,736.33 from last Friday’s close of 1,736.48. The benchmark index opened 1.83 points higher at 1,738.31, and fluctuated between 1,733.07 and 1,739.47 throughout the day. On the broader market, losers trounced gainers 714 to 482, while 539 counters were unchanged, 1,139 untraded and 46 suspended. Turnover decreased to 3.60 billion units valued at RM3.03 billion from 3.91 billion units valued at RM3.32 billion last Friday.
KUALA LUMPUR (Dec 4): US President Donald Trump's renewed tough trade and tariff rhetoric nudged the FBM KLCI down 0.09% or 1.34 points to the 1,560.93 level.
Malacca Securities Head of Research Victor Wan told the theedgemarkets.com that Trump's trade tariff talk had affected both global and regional markets.
"There is a spillover from regional markets," he said, adding that recent corporate earnings had not been particularly encouraging either, leading to an absence of catalysts in the local stock market.
A total of 2.14 billion shares worth RM1.7 billion were traded across the bourse today. Top actives included Impiana Hotels Bhd, Mudajaya Group Bhd and Bumi Armada Bhd.
Top gainers included IGB Bhd, Aeon Credit Service (M) Bhd and Tenaga
Nasional Bhd. Among the top losers were Nestle (M) Bhd, Dutch Lady Milk
Industries Bhd and Chin Teck Plantations Bhd.
According to Reuters, global markets have been spooked by Trump's comments that a prospective US-China trade deal would only possibly materialise after the 2020 US Presidential Election. In addition, US tariffs on Brazilian and Argentine aluminium and steel imports also cast a dark cloud on global equity markets, as did trade tensions between the US and France over potential US tariffs on French goods.
In regional markets, the Shanghai Composite fell by 6.58 points or 0.23% to 2,878.12 points while Hong Kong's Hang Seng declined by 328.74 points or 1.25% to 26,062.56 points.
South Korea's Kospi fell 0.73% or 15.18 points to 2,068.89 points, while Japan's Nikkei shrank 1.05% or 244.58 points to 23,135.23 points.
Source: The Edge
According to Reuters, global markets have been spooked by Trump's comments that a prospective US-China trade deal would only possibly materialise after the 2020 US Presidential Election. In addition, US tariffs on Brazilian and Argentine aluminium and steel imports also cast a dark cloud on global equity markets, as did trade tensions between the US and France over potential US tariffs on French goods.
In regional markets, the Shanghai Composite fell by 6.58 points or 0.23% to 2,878.12 points while Hong Kong's Hang Seng declined by 328.74 points or 1.25% to 26,062.56 points.
South Korea's Kospi fell 0.73% or 15.18 points to 2,068.89 points, while Japan's Nikkei shrank 1.05% or 244.58 points to 23,135.23 points.
Source: The Edge
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