Asian Bourses Mostly Ended Higher on Wall Street’s Positive Cue

Kuala Lumpur, Sep 13 (Tuesday) – Bursa Malaysia closed in negative territory today with the bell-weathered index FBM KLCI dropped 10.12 points or -0.68% to 1,487.84. The index was dragged by profit-taking and selling pressure near the resistance level at 1,500-point. Bucked the performance of regional and Wall Street. Whereas the Asian stock markets mostly closed higher tracking the broadly positive cues from global markets overnight, as investors remain cautiously optimistic over a slowdown in inflation pressure while waiting for the release of the U.S. inflation data for more clues about the Fed’s interest rate move at the upcoming policy meeting. The best performer of today is Korea’s KOSPI Index, which jumped 2.74%. The surge was attributed to buying interests among the foreign funds.

** The FTSE BM KLCI opened at 1,497.40. The index fluctuated between 1,482.38 – 1,497.88

** 351 counters are gainers, 449 counters are unchanged, while 450counters are losers.

** Total volume of 2,640,035,700 shares changed hands; while Turnover of RM 1,738,227,454

** The Top 5 Gainers: PMBTECH-LA (21.30, +1.00); NESTLE (131.30, +0.30); PMBTECH-WA (3.74, +0.24); TENAGA (8.95, +0.17); LYSAGHT (1.85, +0.15)

** The Top 5 Losers: PETDAG (21.46, -0.40); UTDPLT (15.00, -0.30); PCHEM (8.71, -0.18) ; GENP (6.40, -0.16); HEIM (23.80, -0.16)

** The Top 5 Active : MTRONIC (0.025, -0.005); CSH (0.04, -0.005); AIMFLEX (0.155, +0.025); VELESTO (0.115, +0.015); MYEG (0.875, +0.02)

* Singapore’s Straits Times Index (STI) rose 14.51 points or +0.44% to 3,289.23 ; Hong Kong’s HSI down 35.39 points or -0.18% at 19,326.86; Japan’s Nikkei 225 Index climbed 72.52 points or +0.25% at 28,614.63; Shanghai’s SSE Index up 1.74 points or +0.05% at 3,263.80; Korea’s KOSPI Index jumped 65.26 or 2.74% at 2,449.54 ; Australia’s S&P/ASX 200 climbed 45.20 points or +0.65% at 7,009.70.

Previous articleAPAC Corporates to Shift to More Onshore Debt Amid Rising Interest Rates
Next articleWestlite Plans to Expand Worker Accommodation Capacity to Address Needs of Employers

LEAVE A REPLY

Please enter your comment!
Please enter your name here