KUALA LUMPUR (March 4): The FBM KLCI closed down 7.19 points or 0.45% today tracking the negative performance of Asian equities after an overnight surge in bond yields again dragged shares on Wall Street.
At 5pm, the benchmark index closed at 1,581.26 points. Today, the index had mostly traded in negative territory, ranging between 1,577.39 and 1,590.46 compared with yesterday’s closing of 1,588.45.
Malacca Securities Sdn Bhd senior analyst Kenneth Leong told theedgemarkets.com the weakness in the local bourse performance today was in line with regional markets after Wall Street dropped yesterday due to rising Treasury yield.
The rising yield has sparked investors concerns that this may prompt central banks to raise ultra-low interest rates, which is bad for the equity market.
KUALA LUMPUR (March 2): The FBM KLCI closed higher by 0.17% or 2.73 points as investors engaged in stock-picking amid sector rotational play, while the positive sentiment generated from Wall Street’s overnight surge has also spilt over to the local market.
At 5pm, the benchmark index closed at 1,569.87 points. Today, the index had only been trading in the positive territory throughout the trading session, ranging between 1,568.67 and 1,583.43.
Among the 30 FBM KLCI constituents, 18 stocks were higher, nine were lower while three traded flat. Gains were led by IHH Healthcare Bhd, which jumped 21 sen or 3.97% to RM5.50, followed by Dialog Group Bhd and MISC Bhd.
KUALA LUMPUR (Feb 26): The main index of Bursa Malaysia remained muted in the mid-morning, while market breadth turned negative in line with lower regional markets.
At 10am, the FBM KLCI was up 0.30 points at 1,581.84. The index earlier slipped to a low of 1,578.92.
Market breadth was negative with 711 losers and 271 gainers, while 349 counters traded unchanged. Trading volume was 2.66 billion shares valued at RM1.43 billion.
The gainers included D&O Green Technologies Bhd, Hong Leong Financial Group Bhd (HLFG), UEM Edgenta Bhd, Press Metal Aluminium Holdings Bhd, Industronics Bhd and MSM Malaysia Holdings Bhd.
The actively traded stocks included XOX Bhd, Puncak Niaga Holdings Bhd, ManagePay Systems Bhd, Industonics, Lion Industries Corp Bhd and MSM Malaysia.
KUALA LUMPUR (Feb 26): The main index at Bursa Malaysia pared some of its loss at the midday break Friday, against the backdrop of skidding regional markets, while technology-related stocks on Bursa Malaysia came under selling pressure.
The fate of technology stocks mirrored the overnight performance at Wall Street where tech darlings all suffered, with Apple Inc, Tesla Inc, Amazon.com Inc, NVIDIA Corp and Microsoft Corp the biggest drags.
At 12.30pm, the FBM KLCI was down 3.78 points to 1,577.76. The index had earlier slipped to a low of 1,577.53.
Market breadth was negative with 617 losers and 202 gainers, while 716 counters traded unchanged. Trading volume was 6.04 billion shares valued at RM3.29 billion.
KLCI closes lower as investor sentiment weighed by overnight tech sell-off on Nasdaq theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.