Kuala Lumpur, July 28 – Bursa Malaysia closed in euphorically positive note on Thursday as the barometer index FBM KLCI climbed 20.49 points or +1.39% to 1,491.20. The performance of local bourse was said to be lifted by the inflows of foreign funds on battered, selected heavyweights. Meanwhile, the stocks markets in Asia mostly closed higher with the exception of Hong Kong’s HSI. It is not hard to find out that the strength displayed by the Asian equities was modest as a risk-on mood has improved the risk appetite of market participants. The announcement of rate hike by the Fed coupled with less-than-expected hawkish guidance has dragged the US dollar index (DXY) significantly. Fed chairman also highlighted the softening retail demand. The capped strength of the stock markets performance could be interpreted as investors are on a cautious mood on release of the US GDP on Thursday plus a softening in overall demand will result in less business for the Asian markets and therefore lower corporate earnings for exporting businesses.
** The FTSE BM KLCI opened at 1,472.39. The index fluctuated between 1,472.39– 1,491.20.
** 653 counters are gainers, 393 counters are unchanged, while 264 counters are losers.
** Total volume of 2,827,471,900 shares changed hands; while Turnover of RM 1,812,847,131
** The Top 5 Gainers: MPI (32.26, +1,36) ; SAM (3.50, +0.58) ; BKAWAN (23.20, +0.40) ; KESM (7.30, +0.32) ; NESTLE (134.80, +0.30)
** The Top 5 Losers: SP500-H13 (2.18, -0.17) ; HEIM (22.60, -0.16) ; AEONCR (14.26, -0.14) ; ASTRO-C37 (0.015, -0.135) ; RAPID (12.98, -0.12)
** The Top 5 Most Active Stocks: MTRONIC-WB (0.025, -0.01) ; ZENTECH (0.04, -0.005) ; MYEG (0.765, +0.02); MTRONIC (0.145, +0.015) ; BINTAI (0.12, UNCHANGED)
* Singapore’s Straits Times Index (STI) rose 15.51 points or +0.48% to 3,220.65 ; Hong Kong’s HSI ceded 47.36 points or -0.23% at 20,622.68 ; Japan’s Nikkei 225 up 99.73 points or +0.36% at 27, 815.48 ; Korea’s Kospi Index climbed 19.74 points or +0.82% at 2,435.27; Shanghai’s SSE Index rose 6.82 points or +0.21% at 3,282.58; Australia’s All Ordinaries index climbed 77.80 points or +1.11% at 7,115.90.
