MONEY MASTER

KUALA LUMPUR, Jan 6 (Bernama) -- Bursa Malaysia’s benchmark index closed lower today, mirroring the weak regional performance as major markets worldwide experienced mostly negative trends. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 3.99 points or 0.24 per cent to 1,625.47 compared with Friday’s close of 1,629.46. The index opened 0.28 of-a-point higher at 1,629.74 and moved between 1,623.64 and 1,631.71 throughout the day.  Market breadth was negative with losers outpacing gainers 575 to 505, while 489 counters remained unchanged, 784 untraded and 10 others suspended.  Turnover rose to 3.47 billion units valued at RM2.66 billion against Friday’s 3.70 billion units valued at RM2.87 billion. UOB Kay Hian Wealth Advisors head of investment research Mohd Sedek Jantan said market sentiment was further dampened by concerns over China’s slowing economy, the outlook for US intere...

KUALA LUMPUR: The FBM KLCI erased earlier gains by midday as investors continued to take profit following a six-day rally in the closing days of 2024. At the midday break, the benchmark index was down 2.43 points to 1,630.44. The broader market, however, was positive with 506 gainers compared to 476 decliners, suggesting that investors had turned their attention to picking up bargains among the lower liners. Turnover was 2.4 billion shares valued at RM1.48bil. Investors continue to tread cautiously amid a suggestion by the Federal Reserve that there will be fewer rate cuts this year than initially projected, while the incoming Trump administration will fuel inflation with its growth policies. In China, the Shanghai Composite index dropped 0.46% to 3,247 while Hong Kong's Hang Seng gained 0.87% to 19,794. Singapore's Straits Times fell 1.71% to 3,799. Japan's stock exchange remained closed for a national holiday. On Bursa Malaysia, laggards included Nestle down ...