Kuala Lumpur, June 10 – Bursa Malaysia closed broadly lower on Friday, FBM KLCI almost shrank 1%. Dragged by profit-taking of heavyweights. Overall the local bourse was dominated with negative market breadth and sentiment, losers outnumbered gainers coupled with very thin trading volume. Elsewhere in Asia, the equities markets in the region mostly closed in negative territory, as Japan’s Nikkei 225 leading the pack by ceding almost 1.50% as investors are cautious over the release of the US inflation. The US CPI is expected to sustain above 8% consecutively for the third month. Hence the probability of a prolonged hawkish stance by the Fed would be higher.
Shanghai’s SSE Index ended higher today due to lower than expected China’s annual inflation, which is reported to be at 2.1%. It came a little lower than the estimates of 2.2%. Meanwhile, the Producer Price Index (PPI) has come in line with the forecast of 6.4% and is significantly lower than the prior print of 8%. This has delighted the People’s Bank of China (PBOC) to keep up with the prudent monetary policy.
** The FTSE BM KLCI ceded shed 15.76 points or -1.04 % at 1,493.95 .
** The FTSE BM KLCI opened at 1,505.68. The index fluctuated between 1,493.32 – 1,505.68 .
** 254 counters are gainers, 400 counters are unchanged, while 667 counters are losers.
** Total volume of 2,262,024,700 shares changed hands; while Turnover of RM 1,693,005,311
** The Top 5 Gainers : DIN045801028 (101.30, +0.30) ; SP500-HZ (0.95, +0.285) ; RAPID (12.70, +0.24) ; NDX-H1(1.27, +0.22) ; QUALITY(1.39, +0.21)
** The Top 5 Losers : PETDAG (21.06, -0.60) ; MPI (31.94, -0.44) ; CARLSBG (22.38, -0.40) ; HENGYUAN (5.80, -0.40) ; PETRONM (6.99, -0.35)
** The Top 5 Most Active Stocks: BORNOIL (0.025, UNCHANGED); HSI-HA8 (0.220, UNCHANGED) ; LGMS (0.755, +0.04) ; MQTECH (0.05, -0.005) ; MNC (0.015, UNCHANGED)
** Singapore’s Straits Times Index (STI) dropped 29.20 points or -0.91% to 3,180.42 ; Hong Kong’s HSI ceded 62.87 points or -0.29% at 21,806.18 ; Japan’s Nikkei 225 shed 422.24 points or -1.49% at 27,824.29 ; Korea’s Kospi Index dipped 29.57 points or -1.13% at 2,595.87 ; Shanghai’s SSE Index climbed 45.88 points or +1.42% at 3,284.83 ; Australia’s All Ordinaries down 95.20 points or -1.31% to 7,145.20.
