Kuala Lumpur, July 5 – Bursa Malaysia closed in tight ranged on Tuesday, as the barometer index only moved up slightly by 0.23%. Trading volume remained anemic at best. As expected the KLCI is expected to trade in range-bound with the intersperse of selling pressure and dip-buying. Meanwhile, the Asian stock markets closed mixed as the sentiment remained cautiously optimistic. The US-China trade ties might be heading for better tie, at least for now, which in turn favor the market sentiment as it can be seen by the comments of the Vice Premier of China, LiuHe. The Australian stock market closed higher on Tuesday, extending the gains in the previous session, lifted largely by gold miners, energy and technology. Market participants await the RBA’s policy on Tuesday, the central bank is expected to deliver another half-point rate increase.
** The FTSE BM KLCI climbed 3.29 points or +0.23% at 1,440.81.
** The FTSE BM KLCI opened at 1,441.87. The index fluctuated between 1,435.58– 1,444.67.
** 373 counters are gainers, 438 counters are unchanged, while 423 counters are losers.
** Total volume of 1,990,377,900 shares changed hands; while Turnover of RM 1,205,583,106
** The Top 5 Gainers: NESTLE (134.10, +1.40) ; PETDAG (21.64, +0.94) ; AEONCR (14.00, +0.38) ; PPB (15.82, +0.28) ; SJC (2.49, +0.16)
** The Top 5 Losers: KLK (21.50, -0.78) ; BLDPLNT (8.58, -0.44) ; AMLEX (0.41, -0.26) ; FAREAST (3.35, -0.25) ; CARLSBG (22.00, -0.24)
** The Top 5 Most Active Stocks: ORGABIO (0.34, +0.03) ; NEXGRAM (0.01, UNCHANGED) ; HSI-CQW (0.25, -0.025) ; TOPGLOV (0.945, -0.03) ; HSI-HB5 (0.14, +0.015)
** Singapore’s Straits Times Index (STI) dropped 18.75 points or -0.60% to 3,101.49 ; Hong Kong’s HSI up 22.72 points or +0.10% at 21,853.07 ; Japan’s Nikkei 225 rose 269.66 points or +1.03% at 26,423.47 ; Korea’s Kospi Index climbed 41.44 points or +1.80% at 2,341.78 ; Shanghai’s SSE Index down 1.40 points or -0.04% at 3,404.03 ; Australia’s All Ordinaries index up 21.20 points or +0.31% at 6,818.10.
