Asian Stocks Dipped As No Easing of Monetary Policy in China

Kuala Lumpur, Apr 15 –Bursa Malaysia closed in negative territory on Friday taking cue the performance of regional market performance. Japanese, Korean and Chinese stocks dipped on Friday as China opted against cutting a key policy interest rate, against the wider expectation of a reduction of interest rates to support an economy hamstrung by lockdown. ASX, HKEX and SGX were closed today for Good Friday holidays. The global forecast for the Asian markets is mixed to lower attributed to hike in crude oil prices and treasury yields. 

** The FTSE BM KLCI shed 6.69 points  or  -0.42% at 1,589.01.

** The FTSE BM KLCI opened at 1,596.58 . The index fluctuated between 1,589.23 – 1,596.62.

** 310 counters are gainers,  448 counters are unchanged, while 487 counters are losers.

** Total volume of 2,156,408,200 shares changed hands ; while Turnover of RM1,408,125,763 .

** The Top 5 Gainers : F&N (23.48, +0.82) ; KLK (27.20, +0.14) ; UMCCA (5.69, +0.14) ; ORIENT (6.70, +0.10); HARISON (5.40, +0.10)

** The Top 5 Losers : FANG-2XL (9.86, -0.66) ; MPI (32.70, -0.50) ; DLADY (34.00, -0.38) ; PANAMY (28.70, -0.30) ; SIMEPLT (5.07, -0.23)

** The Top 5 Most Active Stocks : DSONIC (0.525, +0.03) ; KGROUP (0.01, UNCHANGED) ; TANCO (0.37, -0.065) ; CHOUHUA (0.075, -0.005) ; MNC (0.035, UNCHANGED)

** Japan’s Nikkei 225 dropped 78.81 points  or -0.29% at 27,093.19; and Korea’s KOSPI shed 20.65 points or -0.76% to 2,696.06;  Shanghai’s SSE Index down 14.40 points or -0.45% at 3,211.24;

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