Kuala Lumpur, Mar 1 –Bursa Malaysia closer lower on Tuesday and ended in negative territory. Breached the 1,600 support level. While most of Asian stock markets have rebounded today, but this does not indicate investors are back to risk-on mode. It is expected that risks of more sanctions will prevail and commodity prices may climb higher as the first round of negotiation between Ukraine and Russia did not offer any significant escalation with ongoing bombing activities. Hence, the demand for safe heavens e.g. gold is still high.
** Bursa Malaysia ended lower on Tuesday, the FTSE BM KLCI declined 11.84 or -0.74% at 1,596.44 .
** The FTSE BM KLCI opened at 1,608.56 . The index fluctuated between 1,593.57 – 1,620.44.
** 404 counters are gainers, 424 counters are unchanged, while 566 counters are losers.
** Total volume of 3,214,962,200 shares changed hands ; while Turnover of RM3,246,862,415 .
** The Top 5 Gainers : NESTLE (135.50, +1.50) ; BKAWAN (26.46, +1.02) ; FANG-2XL (11.32, +0.52) ; HLFG (19.70, +0.38) ; SAM (21.90, +0.36)
** The Top 5 Losers : PETDAG (20.40, -1.12) ; MPI (35.22, -0.56) ; TAANN (5.05, -0.44) ; CIMB (5.29, -0.42) ; IMASPRO (2.06, -0.33)
** The Top 5 Most Active Stocks : SMTRACK (0.225, -0.015) ; CIMB (5.29, -0.42) ; ARMADA (0.465, -0.01) ; HIBISCS (1.22, +0.02) ; VELESTO (0.125, +0.005)
** Singapore’s Straits Times Index (STI) rose 37.60 or +1.16% to 3,279.84 ; Hong Kong’s HSI Index up 48.69 points or +0.21% at 22,761.71; Japan’s Nikkei 225 up 317.90 or 1.20% at 26,844.72; and Korea’s KOSPI rose 22.42 points or +0.84% to 2,699.18 ; Shanghai Stock Exchange up 26.53 points or +0.77% at 3,488.84 ; Australia’s All Ordinaries advanced 62.10 points or +0.85% to 7, 385.30
