KLCI Closed Cautiously Higher; Asian Market Closed Mixed as Debates over Inflation Continues

Kuala Lumpur, Apr 21 –Bursa Malaysia ended higher, albeit slightly on Thursday with lackluster trading volume. Most of the stock markets in the Asia Pacific region closed mixed, as the debate as to whether inflation is peaking continues. With the hike in commodity prices due to the Russia-Ukraine war, it is unlikely to deter monetary policy tightening. However, the gloom is looming over the worries of an economic slowdown in China while U.S. treasury yields fell did offer some temporary relief for the broader market.

** The FTSE BM KLCI climbed 4.57 points or  0.29% at 1,598.32 .

** The FTSE BM KLCI opened at 1,598.30. The index fluctuated between 1,594.13 –  1,599.48.

** 518 counters are gainers,  416 counters are unchanged, while 445 counters are losers.

** Total volume of 2,846,634,500 recorded; while Turnover of RM2,034,180,188.

** The Top 5 Gainers : HONGSENG-PA (3.49, +0.59) ; NESTLE (132.80, +0.50) ; HEIM (24.14, +0.38) ; TEXCHEM (2.80, +0.30) ; KLK (28.28, +0.26)

** The Top 5 Losers : HSI-CJH (0.575, -0.205) ; PETDAG (21.70, -0.20) ; PMBTECH-WA (15.30, -0.20) ; SP500-H13 (1.64, -0.19); HSTECH-CL (0.095, -0.175)

** The Top 5 Most Active Stocks : MNC (0.03,+0.005) ; VIZIONE (0.105, +0.005) ; VIZIONE-WE (0.025, UNCHANGED) ; SAPNRG (0.045, +0.005) ; TANCO (0.355, +0.035)

** Singapore’s Straits Times Index (STI) rose 15.17 points or +0.45% to 3,350.49; Hong Kong’s HSI slumped 262.45 points or -1.25% at 20,682.22;  Japan’s Nikkei 225 surged 335.21 points  or +1.23% at 27,553.06; and Korea’s KOSPI climbed 9.52 points or +0.35% to 2,728.21;  Shanghai’s SSE Index down 71.24 points or -2.26% at 3,079.81; Australia’s All Ordinaries up 17.50 points or 0.22% to 7,887.10.

Previous article52% Increase In International Traffic In March Prior To Border Reopening
Next articlePositive Business Recovery In All Segments And Geographies in FY 21 For CIMB

LEAVE A REPLY

Please enter your comment!
Please enter your name here