Kuala Lumpur, Aug 29 (Monday) – Bursa Malaysia bucked regional and global trend, and closed just above 1,500 point level. The barometer index, FBM KLCI climbed slightly by 1.28 points or +0.09% to 1,501.57. It was supported by buying interests on selected heavyweights such as the consumer staples, plantation, plantation stocks. Meanwhile, the Asian bourses dipped in a sea of red as indices plunged as house of cards. The Asian indices tracked the negative cue of DJIA dived 3.03% and Nasdaq bled 3.94%, as Fed’s Chair Powell had delivered a hawkish statement i.e. to choose price stability over growth at the Jackson Hole Economic Symposium on last Friday. Japan’s Nikkei 225 Index, Korea’s Kospi Index both shrank more than 2% whereas Australia’s S&P/ASX 200 dropped 1.9%. Shanghai Composite, SSE Index managed to hold its ground and gained 0.14% at the closing.
** The FTSE BM KLCI opened at 1,486.52. The index fluctuated between 1,481.79 – 1,506.55
** 278 counters are gainers, 387 counters are unchanged, while 616 counters are losers.
** Total volume of 1,945,000,700 shares changed hands; while Turnover of RM 1,589,265,093
** The Top 5 Gainers: PETDAG (21.82, +0.40) ; HARISON (6.00, +0.40) ; SP500-H13 (1.99, +0.39) ; PPB (17.00, +0.22) ; HLFG (19.52, +0.22)
** The Top 5 Losers: MPI (33.00, -1.00) ; HEIM (24.20, -0.40) ; NESTLE (135.40, -0.40) ; SP500-C14 (1.02, -0.32) ; F&N (22.94, -0.32)
** The Top 5 Most Active Stocks: MYEG (0.715, -0.04) ; DNEX (0.85, -0.025) ; TOPGLOV (0.80, -0.03) ; AGMO (0.92, +0.025) ; HSI-HEM (0.20, UNCHANGED)
* Singapore’s Straits Times Index (STI) down 24.02 points or -0.74% to 3,225.51; Hong Kong’s HSI ceded 146.82 points or -0.73% at 20,023.22 ; Japan’s Nikkei 225 Index dived 762.42 points or -2.66% at 27,878.96; Korea’s KOSPI Index shed 54.14 points or -2.18% at 2,426.89 ; Shanghai’s SSE Index rose 4.50 points or +0.14% at 3,240.73 ; Australia’s S&P/ASX 200 declined 138.60 points or -1.95% at 6,965.50
