Kuala Lumpur, Mar 17 –Bursa Malaysia inched up following the footprints of US markets as Wall Street performed well after the Fed pushed the interest rates higher by 25bps. The monetary policy declaration by the Fed has resulted in the positive sentiment in the Asian equities market. On top of that, Fed Chairman has injected an adrenaline rush into the Asian equities by stating that the labor market is rock solid. Moving on to the mainland Chinese market, as China’s Vice Premier Liu He has signaled more stimulus to support the second largest economy, this too has resulted in a resurgence of optimism.
** Bursa Malaysia closed broadly higher on Thursday, the FTSE BM KLCI climbed up 19.56 points or 1.24% at 1,590.88.
** The FTSE BM KLCI opened at 1,577.56 . The index fluctuated between 1,577.56 – 1,592.48.
** 756 counters are gainers, 402 counters are unchanged, while 296 counters are losers.
** Total volume of 3,349,363,600 recorded; while Turnover of RM3,711,397,373 .
** The Top 5 Gainers : MPI (35.20, +3.64) ; FANG-2XL (10.50, +1.60) ; NESTLE (135.80, +0.80) ; VITROX (7.22, +0.75) ; CARLSBG (19.88, +0.54)
** The Top 5 Losers : KLK (25.00, -0.82) ; HSI-HA8 (0.83, -0.74) ; HSI-HA2 (1.10, -0.72) ; HSI-HA3 (1.77, -0.66) ; HSI-HMZ (0.955, -0.605)
** The Top 5 Most Active Stocks : DNEX (0.99, -0.01) ; XOX (0.02, UNCHANGED) ; AT (0.02, UNCHANGED) ; BSLCORP (0.20, -0.01) ; HSI-CQV (0.225, +0.105)
** Singapore’s Straits Times Index (STI) rose 30.60 points or +0.93% to 3,321.50 ; Hong Kong’s HSI Index up 1,413.73 points or +7.04% at 21,501.23; Japan’s Nikkei 225 climbed 890.88 points or +3.46% at 26,652.89 ; and Korea’s KOSPI rose 35.28 points or +1.33% to 2,694.51 ; Shanghai’s SSE Index climbed 44.33 points or 1.40% at 3,215.04; Australia’s All Ordinaries up 85.80 or 1.15% to 7,521.60.
