Asian Stocks Tumbled On Renewed Lockdown Worries, and Energy Shortage in Europe

Kuala Lumpur, July 12 – Bursa Malaysia closed mixed on Monday, with the barometer barely moved up by 0.02%. The performance of local bourse tracked the performance of Wall Street and regional market. Asian stock markets mostly bled in red as the market sentiment is haunted by the lockdown worries in the Chinese economy on the resurgence of Covid-19. Sentiment also weighed down by the prospect of monetary policy tightening by central banks, energy shortage in Europe and the possibility of a supply-chain disruption due to the COVID outbreak in China.

** The FTSE BM KLCI opened at 1,426.19. The index fluctuated between 1,418.50 – 1,426.19.

** 292 counters are gainers, 357 counters are unchanged, while 569 counters are losers.

** Total volume of 2,364,703,100 shares changed hands; while Turnover of RM 1,271,253,775

** The Top 5 Gainers: AJI (12.18, +0.46) ; PPB (16.00, +0.40) ; KLK (21.00, +0.38) ; HSI-HEB (1.52, +0.32) ; HSI-HBG (0.805, +0.305)

** The Top 5 Losers: MPI (27.82, -0.38) ; CHINAETF-MYR (5.49, -0.34) ; PANAMY (26.24, -0.32) ; HSI-CJC (0.795, -0.285) ; BYD-C10 (0.565, -0.28)

** The Top 5 Most Active Stocks: TWL (0.07, +0.005) ; MTRONIC (0.08, -0.015) ; YONGTAI (0.06, -0.02) ; TOPGLOV (1.01, +0.02) ; HSI-CJB (0.49, -0.215)

** Singapore’s Straits Times Index (STI) up 11.11 points or +0.35% to 3,142.37 ;  Hong Kong’s HSI ceded 279.46 points or -1.32% at 20,844.74; Japan’s Nikkei 225 dived 475.64 points or -1.77% at 26,336.66 ; Korea’s Kospi Index dropped 22.51 points or -0.96% at 2,317.76; Shanghai’s SSE Index down 32.12 points or -0.97% at 3,281.47 ; Australia’s All Ordinaries index down 5.80 points or -0.085% at 6,786.86.

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