Kuala Lumpur, Mar 28 – Bursa closed in negative territory today as the pullbacks were due to profit-taking. Most of the Asian Pacific equities markets ended in negative territory. The negativity is due to Shanghai lockdowns announced by the Chinese authorities over the weekend, would enter a two-stage lockdown to stymie surging COVID cases and allow mass testing. A worsening Covid-19 situation in China, and wider restrictions, would be a serious headwind for Asian equities as a whole. Investors are waiting at the sideline, hoping for progress in ceasefire talks between Russia and Ukraine this week.
** Bursa Malaysia ended lower on Monday, the FTSE BM KLCI down 5.35 points or -0.33% at 1,597.95.
** The FTSE BM KLCI opened at 1,606.14 . The index fluctuated between 1,596.90 – 1,606.14.
** 393 counters are gainers, 409 counters are unchanged, while 582 counters are losers.
** Total volume of 2,400,015,100 shares changed hands; while Turnover of RM1,890,780,932.
** The Top 5 Gainers : BLDPLNT (9.41, +0.31) ; COMPLET (3.45, +0.18) ; PCHEM (9.78, +0.18) ; HTPADU (1.19, +0.17) ; ALLIANZ-PA (12.64, +0.16)
** The Top 5 Losers : MPI (37.48, -1.42) ; PMBTECH-WA (14.20, -0.80) ; PETDAG (21.36, -0.64) ; NESTLE (136.00, -0.60) ; PMBTECH (17.26, -0.52)
** The Top 5 Most Active Stocks : BSLCORP (0.185, -0.015) ; HSI-HM2 (0.205, -0.08) ; PRLEXUS-WB (0.165, -0.02) ; TANCO (0.32, +0.08) ; HEXIND (0.32, +0.025)
** Singapore’s Straits Times Index (STI) rose 17.43 points or +0.51% to 3,431.12 ; Hong Kong’s HSI Index up 280.09 points or +1.31% at 21,684.97; Japan’s Nikkei 225 down 205.95 points or -0.73% at 27,943.89; and Korea’s KOSPI dropped 0.42 points or -0.015% to 2,729.56; Shanghai’s SSE Index climbed 2.26 points or +0.07% at 3,214.50 ; Australia’s All Ordinaries shed -0.60 or -0.0078% to 7,689.30
