KUALA LUMPUR, June 22 (Bernama) -- Bursa Malaysia ended on a softer note today as investors engaged in profit-taking following the recent rebound in the local market, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined by 0.65 per cent, or 11.19 points, to 1,700.84 from last Friday's close of 1,712.03. The benchmark index opened 1.56 points lower at 1,710.47 and moved between 1,699.94 and 1,712.32 throughout the trading session. Market breadth was negative, with decliners outnumbering gainers 560 to 481. A total of 608 counters were unchanged, 1,649 untraded, and 14 suspended. Turnover slipped to 3.29 billion units worth RM2.40 billion from 3.45 billion units worth RM3.79 billion on Friday.
Hong Kong has reclaimed its position as Asia's top financial center, surpassing Singapore in the latest Global Financial Centres Index. Globally, Hong Kong ranked third, behind New York and London, while Singapore slipped to fourth place. The index, released on Monday, marks a significant rebound for Hong Kong's finance sector, which had been impacted by pandemic restrictions and an ailing property market.
Other key movements in the rankings include Dublin, Chicago, and Dubai rising in the list, while Shanghai, Beijing, and Geneva moved down. Additionally, Shenzhen overtook San Francisco to rank third in the fintech category. Geopolitical challenges were highlighted as a key risk by respondents to the survey.
The Global Financial Centres Index, compiled by Z/Yen Partners and the China Development Institute, evaluates 121 financial centers based on data and feedback from thousands of financial professionals.
Here are the top five global financial centers:
- New York
- London
- Hong Kong
- Singapore
- San Francisco
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