Kuala Lumpur, Nov 3 – Bursa Malaysia ended the day in negative note with the barometer index FBM KLCI dived 31.23 points or -2.15% at 1,420.38 which was in line with the performance of Wall Street overnight as well as regional peers. Bank Negara Malaysia also announced another 25 basis points hike.
Asian bourses tumbled in red after the US Federal Reserve heightened the recession fears by saying it was not finished hiking the country’s interest rates to tame inflation. However, Powell’s speech propelled the fears as he cited the need to bring down inflation “decisively” while also suggesting a bit longer play for the restrictive policy.
The jittery mood could also be linked to China’s covid woes and slowdown.
Japanese stock market was closed for a holiday.
** The FTSE BM KLCI opened at 1,448.32. The index fluctuated between 1,420.98 – 1,448.32.
** 238 counters are gainers, 361 counters are unchanged, while 660 counters are decliners.
** Total volume of 2,625,476,100 shares changed hands; while Turnover of RM 1,886,888,464
** The Top 5 Gainers: SP500-H13 (2.67, +0.46); IMASPRO (5.58, +0.26); KLCC (6.86, +0.22); HEIM (23.14, +0.20); HSI-HET (0.935, +0.175)
** The Top 5 Losers: NESTLE (130.80, -2.20); PETDAG (21.16, -1.04); FANG-2XL (4.65, -0.43); MPI (24.20, -0.40); HLBANK (20.44, -0.40)
** The Top 5 Active : TOPGLOV (0.72, -0.09); ASB (0.065, -0.005); SPSETIA-PR (0.005, UNCHANGED); HEXIND (0.625, -0.04); CITAGLB (0.29, +0.015)
* Singapore’s Straits Times Index (STI) rose 45.70 points or -1.45% to 3,095.43; Hong Kong’s HSI dived 490.47 points or -3.10% at 15,336.70; Shanghai’s SSE Composite Index dropped 5.56 points or -0.19% at 2,997.81; Korea’s Kospi Index down 7.70 points or -0.33% at 2,329.17; Australia’s S&P/ASX 200 Index slid 128.80 points or -1.84% at 6,857.90.
