Kuala Lumpur, Feb 22 – Malaysian shares dropped today as most of the major stock markets in the Asia region also ended broadly lower. KLCI is expected lost some ground amid a healthy correction while expected to trade range-bound above the 1,600 level. The ongoing geopolitical tensions in Ukraine continued to haunt the performance of Wall Street last Friday and continued to dominate market directions in a negative way today.
** Bursa Malaysia dropped on Monday, the FTSE BM KLCI shed 20.36 points or –1.27% to 1,582.69.
** The FTSE BM KLCI opened at 1,601.66. The index fluctuated between 1,578.61 – 1,603.38.
** 338 counters are gainers, 378 counters are unchanged, while 719 counters are losers.
** Total volume of 4,016,610,000 shares changed hands; while Turnover of RM3,076,849,510.
** The Top 5 Gainers : MSC (4.40, +0.32) ; UMW-C36 (0.395, +0.205) ; RAPID (9.35, +0.18) ; HSI-HM1 (0.83, +0.16) ; MAYBANK (8.80, +0.14)
** The Top 5 Losers : KLK (25.20, -1.26) ; BKAWAN (25.30, -1.26) ; FANG-2XL (11.42, -1.22) ; GREATEC (4.25, -0.76) ; PMBTECH (18.88, -0.62)
** The Top 5 Most Active Stocks : SMTRACK (0.26, +0.02) ; TAWIN (0.10, -0.005) ; DNEX (1.18, -0.09); KNM (0.18, UNCHANGED) ; BSLCORP (0.20, -0.055)
** Singapore’s Straits Times Index (STI) up 5.65 or 0.16% to 3,434.55 ; Hong Kong’s Hang Seng Index declined 157.64 points or -0.65% at 24,170.07; Japan’s Nikkei 225 dropped 211.20 or -0.78% at 26,910.87; and Korea’s KOSPI ended lower 0.72 points or -0.026% to 2,,743.61; Shanghai’s SSE Composite Index down 0.15 points or -0.0042% to 3,490.61.
