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The FBM KLCI staged a relief rally today, breaking a three-day losing streak. The benchmark index climbed 9.65 points or 0.62% to close at 1,571.82, as investors look for oversold counters following the recent sell-down. ....
KLCI down in line with regional weakness following Wall Street drop 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.
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 (Dec 22): The FBM KLCI ended almost 1% lower today on continued profit taking, as sentiment remained jittery on concern over the resurgence of Covid-19 cases. The benchmark index stayed in negative territory throughout the trading session. It closed 0.97% or 15.97 points down at 1,631.92 after hitting an intra-day low of 1,625.39. TA Securities Holdings Bhd senior technical analyst Stephen Soo told theedgemarkets.com that worries over a new strain of Covid-19 in Europe affected market sentiment. He added that the downtrend was also due to profit taking in recovery play on technology, banking and tourism-related stocks. On the broader market, 1,046 counters finished lower versus 251 gainers, while 395 others were unchanged. ....