Kuala Lumpur, Sep 7 (Wednesday) – Bursa Malaysia closed inched up marginally today with the bell-weathered index FBM KLCI shed 3.08 points or +0.21% to 1,491.35, bucked the performance of regional bourses. Generally, Asian stocks dipped to a two-year low on the back of disappointing China’s trade numbers. China’s export growth softened in August as inflationary pressure crimped demand in overseas, simultaneously the Covid-curbs in China dampened local consumption and capped appetite for imports. The US dollar, on the other hand, appreciated against other currencies as this would reinforce expectations for hawkish rate hikes by US Federal Reserve.
** The FTSE BM KLCI opened at 1,485.92. The index fluctuated between 1,483.29 – 1,492.19
** 348 counters are gainers, 428 counters are unchanged, while 477 counters are losers.
** Total volume of 2,365,033,610 shares changed hands; while Turnover of RM 1,617,469,998
** The Top 5 Gainers: PMBTECH-LA (19.62, +3.12); PETDAG (21.52, +0.62); PCHEM (9.00, +0.26); F&N (22.00, +0.22); PMETAL (4.99, +0.19)
** The Top 5 Losers: DIN045801028 (102.00, -0.50); MPI (29.16, -0.34); HENGYUAN (4.59, -0.27); FANG-2XL (6.57, -0.16); PETRONM (4.78, -0.16)
** The Top 5 Most Active Stocks: MTRONIC (0.06, -0.015); SAPNRG (0.04, -0.01); MYEG (0.855, +0.02) ; CENGILD (0.545, +0.035) ; UMC (0.76, +0.04)
* Singapore’s Straits Times Index (STI) down 10.45 points or -0.32% to 3,213.73; Hong Kong’s HSI declined 158.43 points or -0.83% at 19,044.30; Japan’s Nikkei 225 Index ceded 196.21 points or -0.71% at 27,430.30; Korea’s KOSPI Index shed 33.56 points or -1.39% at 2,376.46; Shanghai’s SSE Index up 2.85 points or +0.09% at 3,246.29; Australia’s S&P/ASX 200 dropped 97.20 points or -1.42% at 6,729.30.
