Cautious Mood Loomed Large, Asia Stocks Dipped as Eyes on US Inflation

Kuala Lumpur, Apr 12 –Bursa Malaysia closed broadly lower on Tuesday taking cue the performance of equities markets in Asia Pacific. Most of the Asia-Pacific stock markets ended in negative territory on Tuesday as investors remain cautious while waiting for U.S. inflation data amid unease about aggressive monetary tightening measures, Russia’s war on Ukraine that dragged the whole world to face unprecedented inflationary pressure and economic woes, as well as the newly released PPI and CPI figures of China and its efforts to contain coronavirus outbreaks.

** FTSE BM KLCI shed 7.48 points  or  -0.47% at 1,597.13.

** The FTSE BM KLCI opened at 1,603.87. The index fluctuated between 1,598.17 –  1,603.98.

** 340 counters are gainers,  444 counters are unchanged, while 578 counters are losers.

** Total volume of 3,907,428,600 shares changed hands; while Turnover of RM2,437,694,894 .

** The Top 5 Gainers : HARISON (5.23, +0.35) ; KLK (27.20, +0.20) ; BLDPLNT (9.20, +0.19) ; COMPLET (4.48, +0.17) ; SOP (6.20, +0.16)

** The Top 5 Losers : FANG-2XL (10.24, -2.66) ; MPI (32.34, -0.74) ; SP500-C12 (1.70, -0.56) ; NESTLE (133.70, -0.50) ; HEIM (24.34, -0.36)

** The Top 5 Most Active Stocks : VIZIONE (0.105, +0.025) ; CSH (0.14, UNCHANGED); VIZIONE-WE (0.025, +0.005) ; TANCO (0.555, +0.16) ; VC (0.195, +0.03)

** Singapore’s Straits Times Index (STI) shed 26.85 points  or  -0.80% to 3,336.76 ; Hong Kong’s HSI up 110.83 points or +0.52% at 21,319.13;  Japan’s Nikkei 225 declined 486.54 points  or -1.81% at 26,334.98; and Korea’s KOSPI dropped 26.34 points or -0.98% to 2,666.76;  Shanghai’s SSE Index rose 46.20 points or +1.46% at 3,213.33; Australia’s All Ordinaries down 37.70 points or -0.49% to 7,735..50

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