KUALA LUMPUR, Nov 12 (Bernama) -- Bursa Malaysia extended its losing streak for a fourth consecutive session, closing lower on Thursday amid continued broad-based selling that weighed on market sentiment, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 9.23 points or 0.57 per cent to 1,585.96 from Wednesday's close of 1,595.19. The benchmark index opened 3.61 points lower at 1,591.58 and fluctuated between an intraday low of 1,583.66 and a high of 1,592.89 throughout the day. Market breadth remained negative with losers thumping gainers 799 to 318, while 476 counters were unchanged, 1,181 untraded and 13 suspended. Turnover climbed to 3.06 billion units valued at RM2.56 billion compared with yesterday’s 2.90 billion units valued at RM2.33 billion.
Asian share markets showed mixed performance on Monday, as China’s continued rally contrasted with a sharp drop in Japan's Nikkei . Geopolitical tensions in the Middle East and concerns over Japan’s interest rate policies weighed on investor sentiment. China’s blue-chip CSI 300 Index climbed another 3.0% , adding to last week's impressive 16% surge , while the Shanghai Composite rose 4.4% , continuing its upward momentum. This extended rally was fueled by Beijing's aggressive stimulus measures , including mortgage rate cuts and liquidity support, designed to combat the country’s economic downturn. Meanwhile, the Nikkei tumbled 4.1% amid investor uncertainty over new Prime Minister Shigeru Ishiba’s stance on monetary policy . While Ishiba had previously criticized the Bank of Japan’s (BOJ) easy policies , he adopted a more conciliatory tone over the weekend, stating that monetary policy must remain accommodative given the current state of Japan’s economy. This he...