Kuala Lumpur, Aug 15 (Monday) – Bursa Malaysia closed in negative territory today with the barometer index, FBM KLCI down 2.18 points or -0.14% to 1,504.01. Most of the Asian stock markets closed lower today, as the bearish momentum was dragged by the slowdown in China’s economy. China’s central bank PBOC has cut the key interest rates by 10 bps on Monday in an unexpected move. The move was read as a bearish signal in an attempt to prop up the sagging economy. Meanwhile, Australia’s ASX 200 closed higher following the positive cue of the performance of Wall Street overnight. The ASX 200 was buoyed by mining stocks. Hong Kong’s HSI reversed its early gain in the morning session and ended 0.67% lower with the news from the rate cut by PBOC. HSI was dragged by semiconductor makers.
** The FTSE BM KLCI opened at 1,506.42. The index fluctuated between 1,503.02 – 1,510.11.
** 319 counters are gainers, 496 counters are unchanged, while 442 counters are losers.
** Total volume of 2,544,521,600 shares changed hands; while Turnover of RM 1,727,721,143
** The Top 5 Gainers: CARLSBG (24.00, +0.72) ; MPI (32.40, +0.36) ; HEIM (24.70, +0.30) ; PETDAG (22.26, +0.22) ; DKSH (4.36, +0.20)
** The Top 5 Losers: IMASPRO (4.22, -0.28) ; CHINHIN (5.00, -0.23) ; F&N (23.04, -0.16) ; HARTA (1.86, -0.14) ; PETRONM (4.61, -0.14)
** The Top 5 Most Active Stocks: TOPGLOV (0.795, -0.06) ; SAPNRG (0.05, -0.005) ; DNEX (0.89, UNCHANGED); BORNOIL (0.025, UNCHANGED) ; TAWIN (0.08, -0.01)
* Singapore’s Straits Times Index (STI) down 11.29 points or -0.35% to 3,257.98; Hong Kong’s HSI shed 134.76 points or -0.67 % at 20,040.86; Japan’s Nikkei 225 Index jumped 324.80 point or +1.14% at 28,871.78 : Korea’s stock market is closed today ; Shanghai’s SSE Index dropped 0.80 points or -0.02% at 3,276.09; Australia’s ASX 200 rose 31.80 points or +0.45% at 7,064.30.
