KUALA LUMPUR: Rakuten Trade Sdn Bhd expects foreign funds to make a U-turn back to Asian markets going forward, particularly emerging markets including Malaysia due to low stock valuations, a cheap ringgit and heightened volatility in the United States and Europe.
KUALA LUMPUR: Sentiment on Bursa Malaysia is expected to improve gradually amid the improving liquidity provided by foreign fund inflows, Rakuten Trade Sdn Bhd said.
KUALA LUMPUR (Feb 8): The FBM KLCI ended down 5.3 points or 0.34% at 1,573.33 today on afternoon selling in an apparent response to Malaysia’s latest industrial output index (IPI) data, which saw the full-year 2020 reading declining 4.2% from a year earlier to register the first drop since 2009.
Bursa Malaysia’s Health Care index fell the most in percentage terms among exchange gauges while the Energy index was the top gainer as crude oil prices topped US$60 a barrel.
At 5pm today, the KLCI closed lower after rising to its intraday high at 1,586.06 in the morning. Apart from selling in shares of KLCI-linked rubber glove manufacturers Top Glove Corp Bhd, Hartalega Holdings Bhd and Supermax Corp Bhd, investors were also seen selling shares in other KLCI constituents including Tenaga Nasional Bhd (TNB) and Hong Leong Financial Group Bhd (HLFG).
Friday, 08 Jan 2021 09:52 AM MYT
At 9.06am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) lost 5.46 points to 1,597.49 after opening one point easier at 1,601.95, compared with yesterday’s close of 1,602.95. ― Picture by Hari Anggara
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KUALA LUMPUR, Jan 8 ― Bursa Malaysia opened lower this morning, reversing its gains yesterday as concerns over the possible lockdown in several states weighed on investors’ sentiment, dealers said.
At 9.06am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) lost 5.46 points to 1,597.49 after opening one point easier at 1,601.95, compared with yesterday’s close of 1,602.95.