Vigilant Mood Hovering on Asian Equities as PBOC Inaction and Ukraine Woes Dragged On

Kuala Lumpur, Mar 21 –Bursa Malaysia closed in negative territory on Monday as the index as dragged by the slump of heavyweights eg Tenaga, KLK, Maybank. Investors stay on the sideline as the trading volume was thin. Regional equities markets closed mixed as concerns over China’s economic momentum as it faced rising COVID infections. Coupled that with the escalation in the Russia-Ukraine crisis joining geopolitical risks from Saudi Arabia, investors’ are in risk-off mode. It should be noted that firmer oil prices and no monetary policy change by the People’s Bank of China restricts the positive market moves.

** Bursa Malaysia ended lower on Monday, the FTSE BM KLCI shed 4.10 points  or  -0.26% at 1,587.16 .

** The FTSE BM KLCI opened at 1,588.07 . The index fluctuated between 1,579.31 –  1,589.49.

** 558 counters are gainers,  402 counters are unchanged, while 398 counters are losers.

** Total volume of 2,444,836,800 shares changed hands; while Turnover of RM 2,269,489,384 .

** The Top 5 Gainers : MPI (36.02, +2.22) ; F&N (22.36, +1.16) ; HEIM (22.44, +0.76) ; KOBAY (4.10, +0.60) ; VITROX (7.65, +0.40)

** The Top 5 Losers : KLK (24.98, -0.32) ; HAPSENG (7.46, -0.30) ; PMBTECH (16.88, -0.28) ; MAYBANK (8.85, -0.17); TENAGA (9.25, -0.17)

** The Top 5 Most Active Stocks : NYLEX (0.46, +0.02); DNEX (1.03, +0.04) ; FITTERS (0.18, -0.005) ; NWP (0.26, +0.005) ; XOX (0.02, UNCHANGED)

** Singapore’s Straits Times Index (STI) rose 21.65 points  or  +0.65% to 3,352.28 ; Hong Kong’s HSI Index down 191.06 points or -0.89% at 21,221.34;  Japan’s stock market is closed today; and Korea’s KOSPI dropped 20.97 points or -0.77% to 2,686.05;  Shanghai’s SSE Index climbed 2.61 points or +0.08% at 3,253.69; Australia’s All Ordinaries shed 12.30 points or -0.16% to 7,558.90.

Previous articleMudabala Petroleum Commences Gas Production From Pegaga Gas Field Malaysia
Next articleJuniper Research: Consumer Credit Card Rewards to Exceed $108 Billion

LEAVE A REPLY

Please enter your comment!
Please enter your name here