Kuala Lumpur, Apr 8 –Bursa Malaysia ended slightly higher on Friday, consolidated just slightly above the 1,600 psychological level. The KLCI was buoyed by consumer defensives. While the economic recovery might mitigate the downside risk, it is expected that investors are tiptoeing for new leads. On the regional front, most of Asian stocks ended in positive territory (except SGX’s STI) as investors snapped up beaten-down shares during the second half of the trading session. By contrast, SGX ended in negative territory as stories highlighting softening property markets and the big banks’ stocks lower. The U.S. dollar climbed to its highest in nearly two years and the U.S. Treasury 10-year yield touched a three-year high following hawkish signals from the Federal Reserve.
** The FTSE BM KLCI up 6.50 points or 0.41% at 1,607.29 .
** The FTSE BM KLCI opened at 1,603.73 . The index fluctuated between 1,599.20 – 1,608.11.
** 535 counters are gainers, 436 counters are unchanged, while 396 counters are losers.
** Total volume of 2,928,198,300 recorded; while Turnover of RM 1,857,963,191.
** The Top 5 Gainers :HEIM (24.80, +1.80) ; PMBTECH-WA (15.78, +0.98) ; PMBTECH (19.00, +0.72) ; DLADY (33.00,+0.40) ; NESTLE (134.40, +0.30)
** The Top 5 Losers : MPI (35.28, -0.22) ; TOCEAN (3.04, -0.19) ; HONGSENG-CG (0.18, -0.125) ; A50CHIN-H69 (0.56, -0.12) ; YNHPROP (2.68, -0.12)
** The Top 5 Most Active Stocks : BRAHIMS (0.035, -0.08) ; YTLPOWR (0.775, +0.1) ; TWL (0.09, +0.01) ; WIDAD (0.365, UNCHANGED) ; TECHNAX (0.095, UNCHANGED)
** Singapore’s Straits Times Index (STI) dropped 18.12 points or -0.53% to 3,386.11 ; Hong Kong’s HSI Index climbed 63.03 points or +0.29% at 21,872.01; Japan’s Nikkei 225 up 97.23 points or +0.36% at 26,985.80; and Korea’s KOSPI rose 4.53 points or +0.17% to 2,700.39; Shanghai’s SSE Index climbed 15.16 points or +0.47% at 3,251.85; Australia’s All Ordinaries rose 37.20 points or 0.48% to 7,772.00
