Kuala Lumpur, July 4 – Bursa Malaysia closed broadly lower on Monday, by shrinking 0.84% with anemic thin trading volume. Market breadth remained negative with decliners outpacing gainers. The FBM KLCI is expected to whipsaw within tight range as the overall market sentiment is still shrouded with gloom. Equities markets in the Asian region closed mixed exhibiting mixed responses to falling S&P 500 futures. Last week, the US dollar index (DXY) asset witnessed a steep fall on the weekend as the downbeat US Institute of Supply Management (ISM) triggered worries over recession. The economic data looked gloomy on all fronts: Manufacturing PMI, Employment Index, and New Orders Index – has trimmed the odds of a hawkish rate hike announcement by the Fed.
In the latest report by Bloomberg, it says “Foreign Investors Drained $40 Billion From Emerging Asia Last Quarter, and It Could Get Worse with Taiwan, South Korea, India saw biggest outflows last quarter.”
** The FTSE BM KLCI dropped 12.22 points or -0.84% at 1,437.52.
** The FTSE BM KLCI opened at 1,449.50. The index fluctuated between 1,437.97– 1,449.50.
** 220 counters are gainers, 386 counters are unchanged, while 657 counters are losers.
** Total volume of 1,740,585,100 shares changed hands; while Turnover of RM 1,079,685,065
** The Top 5 Gainers: AMLEX (0.67, +0.30) ; HLFG (18.64, +0.24) ; KLK (22.28, +0.18) ; AHEALTH (2.83, +0.13) ; HLBANK (20.48, +0.12)
** The Top 5 Losers: NESTLE (132.70, -1.90) ; MPI (27.40, -0.54) ; PPB (15.54, -0.32) ; AEONCR (13.62, -0.28) ; TEXCHEM (2.59, -0.27)
** The Top 5 Most Active Stocks: HSI-CQW (0.275, -0.015) ; REACH (0.05, -0.005) ; TOPGLOV (0.975, -0.035) ; HSI-HB5 (0.125, -0.025) ; JADEM (0.910, UNCHANGED)
** Singapore’s Straits Times Index (STI) climbed 26.42 points or +0.85% to 3,122.01 ; Hong Kong’s HSI dropped 29.44 points or -0.13% at 21,830.35 ; Japan’s Nikkei 225 rose 218.19 points or +0.84% at 26,153.81 ; Korea’s Kospi Index shed 5.08 points or -0.22% at 2,300.34 ; Shanghai’s SSE Index rose 17.79 points or +0.53% at 3,405.43 ; Australia’s All Ordinaries index up 76.50 points or +1.14% at 6,796.90.
