Kuala Lumpur, July 15 – Bursa Malaysia ended marginally lower Friday with the barometer index dropped slightly, 0.10% or 1.62 points with the closing o 1,418.44. The market breadth was, overall, negative. While trading volume was thin. Meanwhile, Asian stock markets closed mixed following the mixed cues from Wall Street overnight. With inflation soared to a 41-year high, the anticipation is high on the hiking of interest rates by 100 basis points by Fed to rein in inflation. Such expectation of aggressive tightening of monetary policy by central banks have rendered a gloomy mood of investors as the economic growth rate might dip into recessionary mode. The Australian’s All Ordinaries Index closed lower dragged by weakness in materials and energy stocks amid tumbling commodity prices on fears of demand slowdown from top importer China. Hong Kong’s HSI index was the laggard performer of the Asian market, HSI has come to the lowest point in 1-month period. The index was dragged by property stocks. tech stocks and banking stocks. The performance of Hong Kong Stock Exchange was spooked by the Covid cases in mainland China.
Financial stocks are also weak. The increasing COVID-19 cases across the country is also weighing on market sentiment.
** The FTSE BM KLCI opened at 1,420.06. The index fluctuated between 1,415.46 – 1,420.06 .
** 388 counters are gainers, 419 counters are unchanged, while 425 counters are losers.
** Total volume of 2,050,558,100 shares changed hands; while Turnover of RM 1,059,951,521
** The Top 5 Gainers: PETDAG (22.50, +0.66) ; MPI (28.02, +0.46) ; AJI (12.00, +0.20) ; HSI-HEB (1.73, +0.17) ; HSI-HB1 (0.43, +0.155)
** The Top 5 Losers: F&N (20.74, -0.56) ; HSI-CJR (1.26, -0.43) ; PANAMY (26.08, -0.32) ; BKAWAN (21.70, -0.26) ; HEIM (22.34, -0.26)
** The Top 5 Most Active Stocks: BCMALL (0.005, UNCHANGED) ; HSI-CJA (0.205, -0.055) ; SAPNRG -WB (0.04, UNCHANGED) ; KOMARK-WC (0.03, +0.015) ; HSI-HB5 (0.30, +0.08)
** Singapore’s Straits Times Index (STI) up 7.84 points or +0.25% to 3,098.47 ; Hong Kong’s HSI dived 453.49 points or -2.19% at 20,297.72; Japan’s Nikkei 225 climbed 145.08 points or +0.54% at 26,788.47 ; Korea’s Kospi Index rose 8.66 points or +0.37% at 2,330.98; Shanghai’s SSE Index down 53.68 points or -1.64% at 3,228.06; Australia’s All Ordinaries index down 50.60 points or -0.74% at 6,798.00.