Kuala Lumpur, Mar 25 –Bursa Malaysia KCLI closed in positive territory and breached the 1,600-point psychological resistance level. Most of the equities markets in the region remain in the back foot, as the sentiment remain somewhat gloomy over a broad jump in inflation and mounting Ukraine-Russia crisis mount. Policymakers from the ECB and BoJ coupled with the hawkish stance taken by Fed also conveyed inflation woes of late, which in turn propel fears of faster monetary policy normalization. Rally in the metal prices lifted Australia’s All Ordinaries, their key earner iron ore, helped the index to perform well in these 2 weeks. The metals and mining sub-index, which gained 0.9% to hit its highest in more than two weeks, was set for a 6% surge this week on strong iron ore and nickel prices.
** Bursa Malaysia ended higher on Friday, the FTSE BM KLCI up 4.33 or 0.27% at 1,603.30.
** The FTSE BM KLCI opened at 1,596.63 . The index fluctuated between 1,596.63 – 1,603.69.
** 592 counters are gainers, 429 counters are unchanged, while 378 counters are losers.
** Total volume of 2,785,667,100 shares changed hands; while Turnover of RM2,216,107,413 .
** The Top 5 Gainers : MPI (38.90, +1.32) ; NESTLE (136.60,+0.60) ; PMBTECH-WA (15.00, +0.50) ; HSI-HM1 (1.90, +0.38) ; HSI-HMZ (1.02, +0.295)
** The Top 5 Losers : HONGSENG-WA (2.51, -0.37) ; HEIM (22.62, -0.28) ; KESM (8.85, -0.20) ; CHINAETF-MYR (4.98, -0.17) ; ADVPKG (2.45, -0.16)
** The Top 5 Most Active Stocks : DNEX (1.06, +0.02) ; BSLCORP (0.20, -0.005) ; AHB (0.165, UNCHANGED) ; HSI-HM2 (0.285, +0.07); SAPNRG (0.03, UNCHANGED)
** Singapore’s Straits Times Index (STI) rose 11.60 points or +0.34% to 3,411.30 ; Hong Kong’s HSI Index shed 541.07 points or -2.47% at 21,404.88; Japan’s Nikkei 225 up 39.45 points or 0.14% at 28,149.84; and Korea’s KOSPI rose 0.32 points or +0.012% to 2,729.98; Shanghai’s SSE Index dropped 38.02 points or -1.17% at 3,212.24 ; Australia’s All Ordinaries up 20.90 or 0.27% to 7,689.90
