Asian Equities Tumbled on Downwardly Revised US Consumer Confidence

Kuala Lumpur, June 29 – Bursa Malaysia closed slightly lower on Wednesday in line with the performance of Asian and overnight Wall Street performance. The barometer index, FBM KLCI inched lower by 0.22% with the negative breadth and thin trading volume. All indices of Asian stock markets were bathed in red today due to the downbeat US Consumer Confidence. This has clearly put a dent on the market sentiment of global investors. The downwardly revised US Consumer Confidence i.e. which is currently reported at 98.7 (lower than the estimates of 100) has brought a significant sell-off in the Wall Street on Tuesday.

** The FTSE BM KLCI ceded 3.26 points or -0.22% at 1,451.48

** The FTSE BM KLCI opened at 1,450.45. The index fluctuated between 1,445.23 – 1,459.86.

** 368 counters are gainers, 399 counters are unchanged, while 461 counters are losers.

** Total volume of 2,377,944,800 shares changed hands; while Turnover of RM 1,774,294,695

** The Top 5 Gainers: HARTA (2.95 +0.30) ; F&N (21.20, +0.22) ; S&P500-H13 (2.80, +0.22) ; S&P500-H11 (1.30, +0.18) ; DIGI (3.42, +0.17)

** The Top 5 Losers: NESTLE (133.30, -2.10) ; MPI (28.00, -0.80) ; PPB (15.70, -0.40) ; BLDPLNT (8.62, -0.40) ; HEIM (23.06, -0.28)

** The Top 5 Most Active Stocks: REACH (0.055, -0.005) ; TOPGLOV (1.12, +0.07) ; HSI-CQW (0.32, -0.10); BORNOIL (0.025, UNCHANGED) ; CYPARK (0.38, -0.07)

** Singapore’s Straits Times Index (STI) down 5.34 points or -0.17% to 3,134.87 ; Hong Kong’s HSI dived 422.08 points or -1.88% at 21,996.89 ;  Japan’s Nikkei 225 ceded 244.87 points or -0.91% at 26,804.60 ; Korea’s Kospi Index shed 44.10 points or -1.82% at 2,377.99 ; Shanghai’s SSE Index dropped 47.69 points or -1.40% at 3,361.52 ; Australia’s All Ordinaries index lowered 75.50 points or -1.09% at 6,877.90.

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