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Market Daily Report: Bursa Malaysia Ends Lower On Cautious Sentiment

KUALA LUMPUR, May 21 (Bernama) -- Bursa Malaysia ended at its intraday low on Thursday as investor sentiment remained cautious amid ongoing foreign outflows, although the recent weakness may present bargain-hunting opportunities in fundamentally sound blue-chip counters. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 9.33 points, or 0.54 per cent, to 1,708.36, from yesterday’s close of 1,717.69. The benchmark index, which opened 3.74 points higher at 1,721.43, hit an intraday high of 1,722.50 in early trade before losing momentum for the rest of the day. Market breadth was negative, with losers outpacing gainers 656 to 508, while 565 counters were unchanged, 989 untraded and 32 suspended. Turnover fell to 3.49 billion units worth RM3.70 billion compared with 4.15 billion units worth RM4.29 billion on Wednesday.

China’s Liquidity Wave Fuels Metals Boom as Real Economy Struggles

Quick Summary Surplus liquidity in China is flooding into metals markets , pushing gold, copper and silver to record highs Money supply is growing far faster than the real economy , reflecting weak consumption and investment Speculation, not physical demand , is driving much of the rally Gold stands out as a cultural and financial safe haven  for Chinese households What’s Driving the Metals Surge With  easy money and shrinking investment options , Chinese capital is pouring into commodities. Key forces at play: Ample liquidity  as the  People’s Bank of China  continues to support growth M2 money supply grew 8.5% YoY , far outpacing  nominal GDP growth of just 3.9% Property, equities, and deposits  offer unattractive returns Result:  Speculative trading explodes in metals futures Trading volumes in  silver, copper, aluminum, nickel and tin  on Chinese exchanges have surged to record levels. A Disconnect From the Real Economy Despite soari...