Kuala Lumpur, May 12 –Stocks on the Bursa Malaysia closed broadly lower today as the KLCI fell 1.1%. The consumer staples stocks performed well in general at the closing. Meanwhile, Equities market in the Asia Pacific region all bathed in a sea of red tracking the declines in tech stocks- led heavy selling-off on Wall Street last night. The sell-off could be attributed to the release of price data that was worse than expected. Market sentiment are focusing on inflationary pressure and because it is the indicator of central banks to wind down support for economies.
** The FTSE BM KLCI down 17.13 points or -1.10% at 1,538.80.
** The FTSE BM KLCI opened at 1,556.94 . The index fluctuated between 1,541.98 – 1,559.71.
** 209 counters are gainers, 336 counters are unchanged, while 874 counters are losers.
** Total volume of 3,613,345,200 shares changed hands ; while Turnover of RM2,505,666,302.
** The Top 5 Gainers : HEIM (24.00, +0.68) ; SP500-HZ (1.66, +0.36) ; BJFOOD (4.05, +0.35) ; NDX-H1 (1.62, +0.33) ; SP500-H13 (2.80, +0.31)
** The Top 5 Losers : NESTLE (132.00, -0.70) ; FANG-2XL (6.84, -0.64) ; PETDAG (20.60, -0.64) ; KLK (26.38, -0.52) ; RAPID (11.50, -0.48)
** The Top 5 Most Active Stocks : SERBADK (0.085, +0.025) ; MNC (0.02, -0.005) ; TECHNAX (0.115, UNCHANGED) ; DNEX (0.930, -0.08) ; CSH (0.11, -0.015)
** Singapore’s Straits Times Index (STI) down 51.59 points or -1.6% to 3,174.48 ; Hong Kong’s HSI shed 444.23 points or -2.24% at 19,380.34; Japan’s Nikkei 225 bled 464.92 points or -1.77% at 25,748.72 ; and Korea’s KOSPI dropped 42.19 points or -1.63% to 2,550.08; Shanghai’s SSE Index dropped 3.71 points or -0.12% at 3,054.99; Australia’s All Ordinaries declined 137.80 points or -1.89% to 7,166.60
