FTSE BM KLCI Buckled Under Heavy Selling Pressure; Asian Equities Markets in Bloodbath

Kuala Lumpur, Mar 8 –Bursa Malaysia ended in red on Tuesday following heavy selling pressure on the market as the mood of investors turned risk-averse with increasingly worries over the high energy and commodity prices due to the geopolitical crisis. All major Asian equities markets tumbled amid the war in Ukraine, as oil soared to USD139 and gold hit USD2,000 as other metals also climbed amid fears over stagflation.

** Bursa Malaysia closed in negative territory on Tuesday, the FTSE BM KLCI down 25.69 or  -1.63% at 1,546.87 .

** The FTSE BM KLCI opened at 1,566.45. The index fluctuated between 1,540.90 –  1,566.84.

** 272 counters are gainers,  369 counters are unchanged, while 794 counters are losers.

** Total volume of 3,962,432,500  recorded; while Turnover of RM3,771,058,106 .

** The Top 5 Gainers : HSI-HA3 (1.87, +0.33) ; NYLEX (0.305, +0.30) ; HSI-HB1 (0.65,+0.25) ; FAREAST (3.45, +0.22) ; HSI-HM5 (0.41, +0.22)

** The Top 5 Losers : MPI (27.10, -3.76) ; HEIM (20.76, -1.08) ; VITROX (5.90, -0.90) ; AEONCR (13.20, -0.84) ; NESTLE (135.20, -0.70)

** The Top 5 Most Active Stocks : SMTRACK (0.105, -0.065) ; DNEX (0.935, +0.005) ; HIBISCS (1.31, -0.03) ; G3 (0.08, +0.005) ; TAWIN (0.135, UNCHANGED)

** Singapore’s Straits Times Index (STI) dropped 40.39 points or  -1.27% to 3,147.43 ; Hong Kong’s HSI down 291.76 points or -1.39% at 20,765.87;  Japan’s Nikkei 225 declined 430.46 points or -1.71% at 24,790.95; and Korea’s KOSPI dropped 28.91 points or -1.09% to 2,622.40;  Shanghai Stock Exchange dropped 79.33 points or -2.35% at 3,293.53.

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