Kuala Lumpur, Aug 22 (Monday) – Bursa Malaysia extended its loss today with the barometer index, FBM KLCI ceded 17.07 points or -1.13%% to 1,487.37. Meanwhile, most the Asian bourses dipped in red today as the concerns for economic slowdown and an increase in interest rates. On the global bourses last Friday, S&P 500, Nasdaq 100 and European contracts suffered losses – which signal further signs of market participants mildly pessimistic mood. Key data for markets this week is the Fed’s conference at Jackson Hole, Wyoming. Most economists say it is likely that Fed Chair Powell will remain hawkish in dealing with inflation. Today, China’s PBOC has trimmed rate again today to revive its sagging economy. The world’s second-largest economy faces the economic threats of property-sector woes, a power crunch in Sichuan province (which is one of key manufacturing hubs).
** The FTSE BM KLCI opened at 1,501.61. The index fluctuated between 1,486.37– 1,502.07.
** 219 counters are gainers, 377 counters are unchanged, while 670 counters are losers.
** Total volume of 2,187,940,500 shares changed hands; while Turnover of RM 1,561,128,403
** The Top 5 Gainers: PANAMY (26.90, +0.28) ; SP500-H13 (1.65, +0.15) ; CHINHIN (2.54, +0.14) ; HENGYUAN (4.30, +0.11) ; MISC (6.99, +0.09)
** The Top 5 Losers: MPI (32.90, -1.58) ; NESTLE (134.20, -0.80) ; PPB (16.46, -0.40) ; HLFG (19.24, -0.38) ; PETDAG (22.30, -0.36)
** The Top 5 Most Active Stocks: SAPNRG (0.04, -0.01) ; MTRONIC (0.055, UNCHANGED) ; CNERGEN (0.885, UNCHANGED) ; AGMO (0.78, -0.03) ; HSI-HB9 (0.25, UNCHANGED)
* Singapore’s Straits Times Index (STI) rose 19.95 points or +0.61% to 3,266.46 ; Hong Kong’s HSI dropped 116.05 points or -0.59% at 19,656.98; Japan’s Nikkei 225 Index ceded 135.83 points or -0.47% at 28,794.50 ; Korea’s KOSPI Index down 30.19 points or -1.21% at 2,462.50 ; Shanghai’s SSE Index up 19.72 points or +0.61% at 3,277.79 ; Australia’s S&P/ASX 200 down 67.60 points or -0.95% at 7,046.90
