Bursa opens in the red
Of the actively-traded stocks, Ekovest inched down 3.5 sen to 80.5 sen, Bumi Armada decreased half-a-sen to 18.5 sen and Daya Materials was unchanged at one sen. — Bernama pic
At 9.10am, the benchmark FTSE Bursa Malaysia KLCI lost 26.49 points to 1,574.60 from yesterday’s close of 1,601.09.Losers beat gainers 491 to 41, with 122 counters unchanged, 1,255 untraded and 24 others suspended.Malacca Securities Sdn Bhd said the escalating US-Sino trade war is dampening market sentiments with global equities reacting negatively to the above event overnight.
“The ongoing market uncertainties will leave the key index further in the red as fresh buying interest remains thin amid the increasingly challenging economic undertone and insipid earnings growth prospects,” it said in a note today. Having said that, Malacca Securities views the FBM KLCI is still largely fairly valued as its price-to-earnings ratio are still within its historical range, thus leaving little room for a strong recovery.
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 opens lower on cautious sentiment | Malay MailKUALA LUMPUR, May 9 ― Bursa Malaysia opened lower amid cautious sentiment, due to the escalating US-China trade war. At 9.02am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 4.29 points to 1,629.26, from yesterday's close of 1,633.55. The index opened 3.94 points easier at 1,629.61....
Read more »
Bursa Malaysia to trend lower next week | Malay MailKUALA LUMPUR, May 11 ― Bursa Malaysia is expected to trend lower next week, under pressure by a weak ringgit, commodities prices and Wall Street’s performance. However, analysts remain optimistic that the weaknesses, including the ongoing US and China trade war as well as bearish technical...
Read more »
Bursa Malaysia ends morning session lower | Malay MailKUALA LUMPUR, May 8 ― Bursa Malaysia and its regional peers finished the morning session lower, tracking losses on Wall Street, with cautious investors eyeing the next US-China trade talks tomorrow. At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 7.22 points to 1,632.15 from...
Read more »
Bursa Malaysia lower at mid-afternoon | Malay MailKUALA LUMPUR, May 8 ― Bursa Malaysia was lower at the mid-afternoon session today in line with regional equities amid renewed threats of a trade war between China and the US, as well as the prospects of an economic downtrend. At 3pm, the index down 8.81 points to 1,630.56 after opening 3.81...
Read more »
Bursa Malaysia ends lower in tracking Asian shares | Malay MailKUALA LUMPUR, May 9 — Bursa Malaysia ended the day in the red on persistent selling across the board, amid weaker regional equities, and the recent reduction in the overnight policy rate (OPR) by Bank Negara Malaysia. The benchmark FTSE Bursa Malaysia KLCI lost 15.02 points to 1,618.53 against...
Read more »
Bursa Malaysia ends higher | Malay MailKUALA LUMPUR, May 7 — Bursa Malaysia ended higher amid concerns over the US-China trade tensions, with Digi and Axiata in the limelight over their merger plan. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 6.57 points to 1,639.37 from yesterday’s...
Read more »
Bursa Malaysia ends trading on negative note | Malay MailKUALA LUMPUR, May 10 — Bursa Malaysia finished trading today on a negative note, in sync with some key regional bourses amid mounting worries over the global economy outlook. The jitters in the external market sparked by the ongoing US-China two-day trade meeting have spilled over into...
Read more »
Bursa Malaysia remains in the red at mid morning | Malay MailKUALA LUMPUR, May 8 ― Bursa Malaysia remained in the red on persistent selling in blue chips over the uncertainties of US-China trade war. At 11am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) lost 10.83 points to 1,628.54, from yesterday's close of 1,639.37. The benchmark index eased 3.81...
Read more »
Bursa Malaysia ends weaker on broad selloff | Malay MailKUALA LUMPUR, May 13 — Bursa Malaysia suffered a broad decline today amid worries over the weak first-quarter earnings season and liquidity as well as the escalation in the US-China trade war. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) tumbled to its lowest since June 2016 to 1,601.09, a...
Read more »
Bursa Malaysia lower in early trade, Ringgit opens lowerUncertainties on the US-China trade negotiations has affected Bursa Malaysia too while the Ringgit opens slightly lower suggesting a downtrend. bursamalaysia
Read more »
Bursa Malaysia opens lower on cautious sentimentThe decision by US President Donald Trump to raise tariffs on Chinese goods will keep stocks on Bursa Malaysia muted longer, says Malacca Securities Sdn Bhd.
Read more »