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 (June 18): The FBM KLCI finished 21.41 points or 1.4% lower today at 1,504.91, as concerns over the resurgence of Covid-19 cases in China and the U.S. dented global stock market sentiment.
Across Bursa Malaysia at 5pm, a total of 5.12 billion shares worth RM3.87 were traded. There were 685 decliners and 300 gainers, after broad-based selling across the exchange.
“Concerns over Covid-19 and the potential of a second wave of infections continue to dominate investor sentiment,” Rakuten Trade Sdn Bhd research vice president Vincent Lau told theedgemarkets.com.
All Bursa indices ended lower. Worst hit, in percentage terms, was the healthcare index, which usually rises on news of Covid-19 outbreaks.
The healthcare index, which tracks share prices of companies including rubber glove manufacturers, closed down 3.16%.
Across Bursa-listed stocks, top decliners included Top Glove Corp Bhd, Bursa Malaysia Bhd and Fraser & Neave Holdings Bhd. Leading decliner Top Glove's share price closed down RM1 or 6.37% at RM14.70.
Notable stocks in the top gainer and most-active lists included Datasonic Group Bhd. Datasonic's share price rose 12 sen or 8.57% to RM1.52, with some 92 million units traded.
Globally, Reuters reported Asian stocks and Wall Street futures fell on Thursday, as spiking coronavirus cases in some U.S. states and in China dented hopes of a quick global economic comeback from the pandemic.
It was reported that S&P 500 mini futures fell as much as 1.4% in early Asian trade and last traded down 0.7%, while MSCI's broadest index of Asia-Pacific shares outside Japan shed as much as 1% before paring losses to 0.15%.
Source: The Edge
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