Kuala Lumpur, Mar 15 –Bursa Malaysia closed broadly lower on Tuesday with losers outnumbered gainers. Trading volume was thin as investors were staying on the sideline. The CI slumped as rising Covid-19 cases in the mainland China. Lockdown was imposed in Shenzhen city to contain the galloping cases of the Omicron variant. Equities markets in Asia ended mixed with risk appetite kept in check by expectations of a U.S. interest rate hike this week, and the Russia-Ukraine crisis. It is notable that Shanghai Stock Exchange and HKSE have witnessed a carry-forward selling despite upbeat Retail Sales and Industrial Production numbers. China’s Retail Sales printed at 6.7% outperformed the preliminary estimates of 3%. While, the Industrial Production recorded at 7.5%, improved significantly than the market consensus.
** Bursa Malaysia ended lower on Tuesday, the FTSE BM KLCI shed 10.03 or 0.64% at 1,557.41 .
** The FTSE BM KLCI opened at 1,564.17. The index fluctuated between 1,554.17 – 1,566.74.
** 234 counters are gainers, 356 counters are unchanged, while 759 counters are losers.
** Total volume of 2,696,756,520 shares changed hands; while Turnover of RM2,504,800,841.
** The Top 5 Gainers : HSI-HMZ (2.35, +0.59) ; HSI-HM1 (2.82, +0.50) ; HSI-HMY (1.42, +0.485) ; HSI- HM7 (1.04, +0.45) ; HSI- HEG (1.48, +0.43)
** The Top 5 Losers : PMBTECH (16.28, -1.78) ; PMBTECH-WA (13.08, -1.70) ; MPI (29.78, -1.32) ; NESTLE (136.00, -0.90) ; FANG-2XL (8.44, -0.72)
** The Top 5 Most Active Stocks : HSI-CQW (0.19, -0.10) ; DNEX (0.92, -0.06) ; ARMADA (0.375, -0.025) ; HIBISCS (1.02, -0.09) ; PASUKGB (0.02, UNCHANGED)
** Singapore’s Straits Times Index (STI) down 2.60 points or -0.08% to 3,229.43 ; Hong Kong’s HSI shed 1,116.58 points or -5.72% at 18,415.08; Japan’s Nikkei 225 rose 38.63 or +0.15% at 25,346.48; and Korea’s KOSPI dropped 24.12 points or -0.91% to 2,621.53; Shanghai Stock Exchange dropped 159.57 points or -4.95% at 3,063.96; Australia’s All Ordinaries down 66.10 points or -0.89% to 7,356.10.
