MONEY MASTER

  KUALA LUMPUR (Dec 6): Fears over Omicron’s possible impact on global economic recovery dragged Bursa Malaysia’s key market barometer to its lowest in 13 months on Monday. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 18.29 points or 1.22% to 1,483.45 compared with 1,501.74 at Thursday’s close. The market bellwether opened 1.92 points better at 1,503.66 and reached its intraday high of 1,503.76 in the early morning. On the broader market, losers trounced gainers 789 to 242, while 369 counters were unchanged, 876 untraded, and 20 others suspended. Turnover decreased to 3.66 billion units valued at RM2.57 billion from Thursday’s 3.73 billion units valued at RM3.06 billion. The new Covid-19 variant has been detected in 38 countries, according to World Health Organisation on Friday. Following this, Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said key regional markets closed broadly lower as worries about the Omicron variant continue while...

  KUALA LUMPUR (Dec 2): The FBM KLCI ended the week on a higher note due to some bargain hunting towards the late trading session ahead of the long weekend, said analysts.  At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 0.32% or 4.81 points to end just a whisker above the 1,500 key level at 1,501.74 compared with 1,496.93 at Wednesday’s closing.  The market bellwether opened 1.41 points higher at 1,498.34, and moved between 1,491.83 to its intraday high of 1,501.74 throughout the trading session. On the broader market, however, losers trounced gainers 716 to 272, while 394 counters were unchanged, 895 untraded, and 22 others suspended. Turnover increased slightly to 3.73 billion units valued at RM3.06 billion from Wednesday’s 3.64 billion units worth RM2.74 billion. Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the local bourse’s performance on Thursday was mostly driven by plantation and glove counters. Howeve...

  KUALA LUMPUR (Dec 1): Bursa Malaysia succumbed to heavy selling pressure on Wednesday with the benchmark index falling below the 1,500 psychological level amid fears that the Omicron variant could possibly halt global economic recovery, said an analyst.  At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 1.13% or 17.05 points to end at 1,496.93 from 1,513.98 at Tuesday’s closing.  The market bellwether opened 6.5 points lower at 1,507.48 and moved between 1,495.75 and 1,509.9 throughout the trading session. On the broader market, losers trounced gainers 679 to 293, while 390 counters were unchanged, 915 untraded, and 21 others suspended. Turnover dwindled to 3.64 billion units worth RM2.74 billion from Tuesday’s 5.67 billion units valued at RM7.97 billion. Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the local equity market’s performance on Wednesday was dragged down mainly by banks, telecommunications, and glove c...