Kuala Lumpur, Aug 24 (Wednesday) – Bursa Malaysia extended its losses today as the main index, FBM KLCI shed 15.31 points or -1.03% to 1,467.26. The performance of KLCI was in line with the performance of global bourses. On a wider-scope, Asian bourses extended their losses on Wednesday with the exception of Korea’s Kospi Index and Australia’s S&P/ASX 200. Market participants are jittery on the PMI (purchasing manager index) of the Eurozone, the property sector woe in China, a power shortage in China and a hawkish message from the Fed’s Jackson Hole symposium. Eurozone business activity continued to contract in August as growth in the services sector ground to a near-halt. The flash PMI composite output index for Germany fell to 47.6 in August from 48.1 in July, while for France printed at 49.8, down from 51.7 in July. The inflationary pressures had adversely affected demand in the services sector, while manufacturing remained in a downturn midway through the third quarter of the year.
** The FTSE BM KLCI opened at 1,484.10. The index fluctuated between 1,467.26 – 1,487.97.
** 359 counters are gainers, 400 counters are unchanged, while 506 counters are losers.
** Total volume of 2,892,302,300 shares changed hands; while Turnover of RM 1,738,172,880
** The Top 5 Gainers: KHIND (3.21, +0.32) ; HSI-HKD (0.945, +0.245) ; MPI (33.00, +0.22) ; PMBTECH (3.51, +0.21) ; UTDPLT (14.48, +0.18)
** The Top 5 Losers: NESTLE (133.50, -0.70) ; PPB (16.00, -0.46) ; PETDAG (21.94, -0.40) ; DLADY (32.40, -0.32) ; PETRONM (5.56, +0.30)
** The Top 5 Most Active Stocks: SERBADK (0.045, -0.035) ; EURO (0.125, -0.005) ; TECHNAX (0.03, -0.005) ; MTRONIC (0.065, +0.005) ; HIBISCS (0.96, -0.015)
* Singapore’s Straits Times Index (STI) shed 12.73 points or -0.39% to 3,233.48; Hong Kong’s HSI dived 234.51 points or -1.20% at 19,268.74 ; Japan’s Nikkei 225 Index ceded 139.28 points or -0.49% at 28,313.47 ; Korea’s KOSPI Index up 12.11 points or +0.5% at 2,447.45 ; Shanghai’s SSE Index down 61.02 points or -1.86% at 3,215.20 ; Australia’s S&P/ASX 200 rose 36.30 points or +0.52% at 6,998.10
