Kuala Lumpur, May 17 –Bursa Malaysia closed broadly higher today with positive market breadth whereby gainers outnumbered losers. KLCI moved slightly higher buoyed by heavyweights like PMetal, Nestle, HLFG. Meanwhile, the equities markets in Asia Pacific region edged higher, it could be explained by a bet on officials to unwind lockdown in Shanghai after Shanghai reported three days of zero community transmission. The performance of the Asia Pacific stock markets is uplifting despite global growth data that could trigger worries, that is to say global economic recovery may be more fragile than expected when inflationary pressures have a negative impact on the disposal income. Hong Kong’s HSI rose almost 3.3% today lifted by tech stocks eg Meituan, Xiaomi, Alibaba, and automotive stocks eg Geeli, BYD and banking stocks. While All Ordinaries Index rose maunly due to mining, banking and energy stocks.
** The FTSE BM KLCI inched up slightly 4.19 points or +0.27% at 1,548.60 .
** The FTSE BM KLCI opened at 1,555.68 . The index fluctuated between 1,548.02 – 1,558.11.
** 575 counters are gainers, 408 counters are unchanged, while 424 counters are losers.
** Total volume of 5,511,744,900 recorded; while Turnover of RM 2,788,376,538.
** The Top 5 Gainers : NESTLE (132.80, +1.30) ; PETRONM (6.71, +0.69) ; HENGYUAN (7.40, +0.42) ; PMETAL (5.38, +0.34) ; HEIM (24.70, +0.30)
** The Top 5 Losers : F&N (21.28, -0.64) ; BKAWAN (27.32, -0.38) ; HSI-HEN (0.825, -0.315) ; SP500-HZ (1.14, -0.31) ; SP500-H13 (2.40, -0.28)
** The Top 5 Most Active Stocks : SERBADK (0.165, +0.045) ; SAPNRG (0.075, +0.03) ; SERBADK-WA (0.055, +0.015) ; TECHNAX (0.08, -0.035) ; SAPNRG-WA (0.05, +0.025)
** Singapore’s Straits Times Index (STI) rose 11.07 points or +0.35% to 3,202.23; Hong Kong’s HSI jumped 652.31 points or +3.27% at 20,602.52; Japan’s Nikkei 225 climbed 112.70 points or +0.42% at 26,659.75; and Korea’s KOSPI up 23.86 points or +0.92% to 2,620.44 ; Shanghai’s SSE Index rose 19.95 points or 0.65% at 3,093.70; Australia’s All Ordinaries inched up 24.40 points or 0.33% to 7,350.60
