Kuala Lumpur, Oct 12 – Bursa Malaysia extended the losing streak today and ended in red. The benchmark index FBM KLCI shed 6.25 points or -0.45% to 1,380.57. Meanwhile most of Asian bourses ended in negative territory, with China’s firm determination to defend the zero-covid policy has caused the Hong Kong’s HSI dipped 0.78% lower. The economic slowdown in the world’s second largest economy has driven investors into risk-on mode. In addition to that, investors are eyeing on FOMC Meeting Minutes for clear directions amid hawkish Fed bets. Also, sluggish yields and an absence of major data/events restrict immediate moves. South Korea’s KOSPI gained 0.47% after the Bank of Korea announced a rate hike.
** The FTSE BM KLCI opened at 1,388.28. The index fluctuated between 1,376.54– 1,391.47.
** 344 counters are gainers, 384 counters are unchanged, while 490 counters are losers.
** Total volume of 1,847,094,500 shares changed hands; while Turnover of RM 1,559,290,516
** The Top 5 Gainers: NESTLE (130.00, +0.50); HSI-HKH (2.20, +0.50); RAPID (14.50, +0.32); KLK (20.10, +0.30); KLUANG (4.00, +0.25)
** The Top 5 Losers: MPI (25.88, -1.22); DIN045801028 (103.00, -0.50); UWC (3.49, -0.45); VITROX (6.80, -0.37); PMBTECH-WA (3.28, -0.30)
** The Top 5 Active : HSI-CJW (0.075, -0.005); CITAGLB (0.285, +0.035); TOPGLOV (0.635, +0.01); HSI-CJO (0.05, -0.005); PRIVA (0.12, +0.01)
* Singapore’s Straits Times Index (STI) ceded 14.60 points or -0.47% to 3,090.40; Hong Kong’s HSI shed 131.33 points or -0.78% at 16,701.03; Japan’s Nikkei 225 Index down 4.42 points or -0.017% at 26,396.83; Shanghai’s SSE Composite Index climbed 45.71 points or +1.53% at 3,025.51; Korea’s Kospi Index rose 10.40 points or +0.47% at 2,202.47; Australia S&P/ASX 200 Index inched up 2.50 points or +0.038% at 6,647.50.
