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Showing posts with the label Circuit breaker

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Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.

CHAOTIC 29 MINUTES in China

China's market just made a record....and that's a CHAOTIC 29 Minutes in China . The market open at 9.30am local time and in 29 minutes, it was all over.  The share prices went into a free fall as soon as local exchange opened. One manager of $46 million in Shanghai liquidated all his holdings. Other investors, including a top-performing hedge fund, tried in vain to cash out as circuit breakers brought trading to an abrupt halt. 29 minutes, the market is close. And let's not forget...it's only the 7th January 2015...the 4th day the market opens in 2016...and it's already the second time that the circuit breakers were triggered.  It was a chaotic day for the China's market. Even after the market were close, a lot of phone calls were made. Flood of angry phone calls from clients on the market plunge and the circuit breaker. It was abrupt on Monday...it was even worse today. Imagine if you're going to watch a football game....the game was supposed to last ...