Kuala Lumpur, Oct 25 – Bursa Malaysia ended in a slightly downbeat note today with the barometer index FBM KLCI ceded 2.01 points or -0.14% at 1,444.41. The index was dragged by selling pressure on selected heavyweights as the Hong Kong’s HSI hit its 13-year low.
Most Asian bourses rebounded from recent selloff, tracked the recovery in Wall Street as investors are betting a less hawkish stance taken by Fedeal Reserve as obvious signs of economic slowdown will pressure the central bank to go slow on its rate hikes. On the other hand, market participants’ sentiment towards mainland China remained cautious as Beijing has reiterated its commitment to its strict zero-COVID policy which would disrupt the economic growth.
Japan’s Nikkei 225 Index outperformed the peers, as the index gained 1.02%. It was lifted by the Transportation Equipment, Electrical/Machinery and Precision Instruments sectors.
Hong Kong’s HSI down almost 0.1% with heavyweight HSBC falling more than 5% after reporting a drop in profits. Meanwhile, Hang Seng Tech index was nearly 2.96% higher.
Singapore’s inflation increased 7.5% in September, with core inflation rising 5.3%, according to official data.
** The FTSE BM KLCI opened at 1,449.14. The index fluctuated between 1,442.36– 1,454.06.
** 420 counters are gainers, 384 counters are unchanged, while 445 counters are decliners.
** Total volume of 2.26 billion shares changed hands; while Turnover of RM1.76 billion
** The Top 5 Gainers: IMASPRO (6.30, +0.73); F&N (20.40, +0.70); HEXTECH (10.50, +0.50); PANAMY (23.10, +0.50); BKAWAN (21.08, +0.48)
** The Top 5 Losers: SP500-H13 (2.51, -0.56); MPI (24.92, -0.42); PETDAG (20.88, -0.42); CARLSBG (21.84, -0.36); CHINAETF-MYR (3.99, -0.33)
** The Top 5 Active : HSI-CLJ (0.23, -0.12); HSI-JC5 (0.045, -0.025); EDUSPEC (0.015, -0.005); VINVEST (0.215, -0.005); TOPGLOV (0.715, -0.015)
* Singapore’s Straits Times Index (STI) rose 14.13 points or +0.48% to 2,984.08; Hong Kong’s HSI down 15.10 points or -0.099% at 15,165.50; Japan’s Nikkei 225 Index surged 275.38 points or +1.02% at 27,250.28; Shanghai’s SSE Composite Index dropped 1.27 points or -0.043% at 2,976.28; Korea’s Kospi Index down 1.09 points or -0.049% at 2,235.07; Australia S&P/ASX 200 Index gained 19.20 points or +0.28% at 6,798.60.
