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 10): The FBM KLCI closed down 1.58 points or 0.1% today at its intraday low of 1,579.90 on profit taking in the final trading hour as global investors waited for the US inflation data and the European Central Bank's (ECB) interest rate decision.
In Malaysia, analysts and fund managers sald investors are observing keenly the nation’s political developments involving meetings between political party heads with the King.
Areca Capital Sdn Bhd chief executive officer Danny Wong said investors are taking a wait-and-see approach while TA Securities Holdings Bhd analysts wrote in a note today that the local market should trade sideways given the recent domestic political development with regard to the meetings involving political party heads with Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah "as investors stay aside pending more certainty”.
It was reported that ongoing developments in the country, in particular the Covid-19 pandemic, were the main agendas discussed when political party leaders were granted an audience with the King at Istana Negara here yesterday.It was reported that this ended speculation that the meetings had to do with the current political landscape.
"Prime Minister Tan Sri Muhyiddin Yassin was the first to be granted an audience at 8am for the pre-Cabinet meeting, which usually takes place every Wednesday, to provide updates on the development of the country's administration. The meeting lasted an hour.
"Opposition leader Datuk Seri Anwar Ibrahim, who was also granted an audience, was spotted entering the main gate of the palace at 10:40am and left an hour later,” Bernama reported.
Across Bursa Malaysia today, there were 520 gainers versus 436 decliners. A total of 4.91 billion securities were traded for RM2.74 billion today compared with six billion shares valued at RM3.2 billion yesterday.
According to Wong, investors are waiting to see later today what the latest round of US inflation data reveals, as well as the ECB’s interest rate decision.
“At the same time, we are now at the tail end of (the corporate financial) reporting season for the first quarter, with many companies already having disclosed their results,” he told theedgemarkets.com.
Source: The Edge
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