Kuala Lumpur, Apr 25 –Mirroring the rout in Asian equities market, Bursa Malaysia traded lower on Monday. The bellweathered index was supported by heavyweights of plantation sector/ pure plays of palm oil, making the KLCI one of the best performers today. Asian stocks were bleeding as investors are on a risk-on mode calculating the impact of more aggressive interest hikes on the economy. Fed Chairman Powell endorsed a 50 bps increase in May 2022 last week. Meanwhile, the ECB is also sending stronger tightening signals. The Euro strengthened after pro-European centrist Macron’s victory in the French presidential election.
** The FTSE BM KLCI shed 11.99 points or -0.75% at 1,589.98 .
** The FTSE BM KLCI opened at 1,599.38 . The index fluctuated between 1,590.20 – 1,599.38.
** 236 counters are gainers, 303 counters are unchanged, while 876 counters are losers.
** Total volume of 3,133,609,000 recorded; while Turnover of RM2,636,547,568 .
** The Top 5 Gainers : BKAWAN (29.08, +1.28) ; KLK (29.00, +1.00) ; BLDPLNT (9.43, +0.43) ; HSI-HM3 (0.995, +0.305) ; IOICORP (4.73, +0.30)
** The Top 5 Losers :NESTLE (132.50, -1.20) ; PETDAG (21.08, -0.84) ; MPI (31.00, -0.82) ; AEONCR (15.08, -0.50) ; HEIM (23.52, -0.48)
** The Top 5 Most Active Stocks : TECHNAX (0.110,+0.005) ; VIZIONE (0.10, -0.005) ; HSI-CQW (0.195, -0.075) ; TWL (0.085, -0.005) ; SIAB (0.215, -0.04)
** Singapore’s Straits Times Index (STI) shed 19.77 points or -0.59% to 3,341.34 ; Hong Kong’s HSI bled 769.18 points or -3.73% at 19,869.34; Japan’s Nikkei 225 declined 514.48 points or -1.90% at 26,590.78 ; and Korea’s KOSPI dropped 47.58 points or -1.76% to 2,657.13; Shanghai’s SSE Index dropped 158.41 points or 5.13% at 2,928.51.
