Kuala Lumpur, December 6 – Bursa Malaysia closed in flattish mode on Tuesday with the main index FBM KLCI left almost unchanged by -0.01 points or 0.00% at 1,471.55. The KLCI remains directionless at this point as investors are staying on the sideline for the newly formed-government to unveil its initiatives and economic plan, on the other hand, by the Federal Reserve meeting due next week.
Asian bourses mostly ended in negative territory taking negative cue from the volatility in the European and the United States markets on Monday. The Asian equities are under the renewed fears of a bigger rate hike by the Federal Reserve in its monetary policy meeting next week.
Wall Street faced immense pressure after the release of the US ISM Services PMI as it indicated that the US economy is in pink and demand is resilient. Hence the Fed may have high chances to tighten policy extremely to propel a slowdown. The upbeat service sector has fueled optimism in the US economy.
** The FTSE BM KLCI opened at 1,468.99. The index fluctuated between 1,467.13– 1,472.52.
** 504 counters are gainers, 371 counters are unchanged, while 479 counters are decliners.
** Total volume of 4.911 billion shares changed hands; while Turnover of RM 2.551 billion
** The Top 5 Gainers: COMCORP (0.69, +0.30); KESM (7.49, +0.29); KLK (21.00, +0.22); HSI-CLX (0.36, +0.20); INFOM(1.07, +0.195)
** The Top 5 Losers: NESTLE (134.50, -3.10); BKAWAN (20.52, -0.26); PANAMY (23.20, -0.20); SFPTECH (1.80, -0.15); FANG-2XL (5.55, -0.15)
** The Top 5 Active: DATAPREP (0.31, +0.035); MTRONIC (0.02, -0.005); EURO (0.145, +0.03); MQTECH (0.065, -0.005); AT (0.02, +0.01)
Singapore’s Straits Times Index (STI) declined 18.43 points or -0.56% to 3,249.11; Hong Kong’s HSI dropped 77.11 points or -0.40% at 19,441.18; Japan’s Nikkei 225 Index up 65.47 points or +0.24% at 27,885.87; Shanghai’s SSE Composite Index rose 0.72 point or +0.02% at 3,212.53; Korea’s Kospi Index shed 26.16 points or -1.08% at 2,393.16; Australia’s S&P/ASX 200 Index ceded 34.30 points or -0.47% at 7,291.30.
