Asian Stocks Extend Losing Streak

Kuala Lumpur, Sep 26 (Monday) – Bursa Malaysia ended in red today with the barometer index FBM KLCI shed 11.94 points or -0.84% to 1,413.04. The FBM KLCI progressed south and was dragged by selling pressure on the heavyweights, following the negative cue of Wall Street last Friday. Investors remain concerned over the aggressive monetary tightening by global central banks to quell inflation by push the global economy into a standstill, rendering the bearish mood in the markets.

Meanwhile Asian stocks fell sharply as negative sentiment continues to weigh in on markets. South Korea’s Kospi dived 3.02% to 2,220.94 whilst Japan’s Nikkei 225 slid 2.66% to 26,431.55. Hong Kong’s HSI index declined 0.21%, after major correction last week. This week, China is going to release data on factory activity whereas the Reserve Bank of India’s monetary policy committee is scheduled to meet.

** The FTSE BM KLCI opened at 1,423.83. The index fluctuated between 1,411.48 – 1,423,83

** 164 counters are gainers, 321 counters are unchanged, while 780 counters are losers.

** Total volume of 2,120,539,300 shares changed hands; while Turnover of RM 1,848,912,414

** The Top 5 Gainers: DLADY (32.20, +1.00); F&N (22.30, +0.70); HSCEI-1XI (2.545, +0.365); PPB (15.92, +0.20); SP500-H13 (2.98, +0.19)

** The Top 5 Losers: KLK (20.48, -1.16); BKAWAN (20.08, -1.12); PANAMY (22.82, -0.74) ; UTDPLT (14.28, -0.36); CARLSBG (22.10, -0.28)

** The Top 5 Active : VELESTO (0.12, -0.01); TOPGLOV (0.635, -0.015); HSI-CJO (0.165, -0.01); TAWIN (0.05, -0.01); PBBANK (4.28, -0.06)

* Singapore’s Straits Times Index (STI) dropped 41.14 points or -1.27% to 3,185.96 ; Hong Kong’s HSI slid 78.13 points or -0.44% at 17,855.14; Japan’s Nikkei 225 Index dived 722.28 points or -2.66% at 26,431.55 Shanghai’s SSE Index dropped 37.14 points or -1.2% at 3,051.23; Korea’s KOSPI Index slid 69.06 points or -3.02% at 2,220.94; Australia S&P/ASX 200 Index shed 105.30 or -1.60% at 6,469.40.

Previous articleCFMB Partners Energy Absolute PCL for Driving EV and RE Projects
Next articleAstro GCEO Henry Tan To Step Down, Board Appoints Euan Daryl As Successor

LEAVE A REPLY

Please enter your comment!
Please enter your name here