Kuala Lumpur, May 19 –Bursa Malaysia closed broadly lower on Thursday with losers outnumbered gainers. KLCI dropped marginally by 0.35%; trimmed a much bigger losses from the first-half of the trading session. Bargain-hunting on selected heavyweights e.g. KLK, PPB, BKAWAN, and IHH. Meanwhile, the equities market in the Asia Pacific region tumbled tracking the overnight performance of Wall Street, a steep selloff (biggest drop in 2 years), with Dow Jones dropped 3.57%. Investors’ sentiment remains cautious amid concerns over global inflationary pressure on the global scale, prolonged Russia-Ukraine war, also lackluster earnings results from major US retailers.
Asian stocks dive after Wall Street selloff over inflation, COVID
** The FTSE BM KLCI shed 5.50 point or -0.35% at 1,549.41 .
** The FTSE BM KLCI opened at 1550.24 . The index fluctuated between 1,545.02 – 1,554.53.
** 277 counters are gainers, 380 counters are unchanged, while 692 counters are losers.
** Total volume of 2,689,594,200 recorded; while Turnover of RM2,231,105,506 .
** The Top 5 Gainers : SP500-HZ (1.66, +0.53) ; SP500-H13 (2.86, +0.49) ; NDX-H1 (1.71, +0.42) ; SP500-H11 (1.50, +0.30) ; HSI-HEB (2.16, +0.25)
** The Top 5 Losers : MPI (30.80, -0.82) ; DLADY (33.52, -0.48) ; FANG-2XL (6.68, -0.40) ; SP500-C12 (0.57, -0.335) ; SOP (5.72, -0.33)
** The Top 5 Most Active Stocks : SERBADK (0.145, -0.015) ; SAPNRG (0.065, -0.01) ; TECHNAX (0.055, +0.005) ; MNC (0.025, +0.005) ; CHHB (0.835, UNCHANGED)
** Singapore’s Straits Times Index (STI) down 30.69 points or -1.66% to 3,194.66; Hong Kong’s HSI Index declined 523.60 points or -2.54% at 20,120.58 ; Japan’s Nikkei 225 shed 508.36 points or -1.89% at 26,402.84 ; and Korea’s KOSPI dropped 33.64 points or -1.28% to 2,592.34; Shanghai’s SSE Index rose 10.99 points or +0.36% at 3,096.96; Australia’s All Ordinaries dropped 123.30 points or -1.66% to 7,303.30
