Bursa Malaysia ends lower
At the close, the FTSE Bursa Malaysia KLCI decreased 2.12 points to end at 1,674.49 compared to yesterday’s close of 1,676.61. — Bernama pic
The index, which opened 2.38 points lower at 1,674.23, moved between a low of 1,672.59 and a high of 1,677.17 throughout the day. Inter-Pacific Securities head of research Pong Teng Siew said the market was holding on at the current level with trading being thin compared to the daily average, as most investors were away from the market.“Investors are also getting defensive, not really much buying into the most volatile stocks. Usually retail investors are very active in buying most volatile penny stocks but today not much is happening in that area.
“Stocks took a knock and the US dollar rowed back from three-month lows after US central bankers tempered expectations of a larger-than-usual rate cut and as sentiment remained cautious ahead of a meeting between American and Chinese leaders later this week,” Nazri said. “On the domestic front, we saw an encouraging growth in foreign direct investment in the first quarter .
From the technical perspective, immediate support is seen at 1,658 points, supported by the meaningful support at 1,600 points.Among the heavyweights, Maybank was one sen lower at RM8.92, Public Bank was flat at RM23.02 and Tenaga was 22 sen weaker at RM13.78.As for the active stocks, Lambo and Impiana were unchanged at 6.5 sen and four sen, respectively.The FBM Emas Index fell 14.57 points to 11,792.65, the FBMT 100 Index was down 15.47 points at 11,646.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bursa Malaysia remains lower at mid-afternoon | Malay MailKUALA LUMPUR, June 26 — Bursa Malaysia stayed lower at mid-afternoon today on mild selling, with losses led by Tenaga, Press Metal Aluminium and MISC. At 3.00pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 1.95 points to 1,674.66 from yesterday’s close of 1,676.61. Overall, market...
Read more »
Bursa in see-saw trade at mid-morning | Malay MailKUALA LUMPUR, June 25 — Shares on Bursa Malaysia saw see-saw trade at mid-morning today with the key benchmark FBM KLCI moving in and out of the negative territory. At 11.00am, the FTSE Bursa Malaysia KLCI (FBM KLCI) added 0.07 of-a-point to 1,676.20 from Monday’s close of 1,676.13, as gains in...
Read more »
Bursa slightly lower at mid-afternoon | Malay MailKUALA LUMPUR, June 25 — Bursa Malaysia stayed lower at mid-afternoon, bogged down by selling led by Hong Leong and Maxis. At 3.03pm, the key FTSE Bursa Malaysia KLCI (FBM KLCI) declined slightly by 1.99 points to 1,674.14 from yesterday's close of 1,676.13. Losers outpaced gainers 413 to 298,...
Read more »
Bursa Malaysia remains lower at mid-afternoon | Malay MailKUALA LUMPUR, June 26 — Bursa Malaysia stayed lower at mid-afternoon today on mild selling, with losses led by Tenaga, Press Metal Aluminium and MISC. At 3.00pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 1.95 points to 1,674.66 from yesterday’s close of 1,676.61. Overall, market...
Read more »
Bursa slightly lower at mid-afternoon | Malay MailKUALA LUMPUR, June 25 — Bursa Malaysia stayed lower at mid-afternoon, bogged down by selling led by Hong Leong and Maxis. At 3.03pm, the key FTSE Bursa Malaysia KLCI (FBM KLCI) declined slightly by 1.99 points to 1,674.14 from yesterday's close of 1,676.13. Losers outpaced gainers 413 to 298,...
Read more »
Ringgit ends lower against US dollar on cautious sentiment | Malay MailKUALA LUMPUR, June 25 — The ringgit closed lower against the US dollar today on cautious sentiment. At 6pm, the local currency stood at 4.1440/4470 versus the greenback compared with 4.1380/1420 on Monday. A dealer said risk sentiment was dampened by a senior US official’s remark that US...
Read more »