Asian Bourses Advance As China Rolled Back Covid Measures

Kuala Lumpur, December 27 – Bursa Malaysia closed flat on Tuesday with the bell-weathered index, FBM KLCI gained 0.01 point or 0.00% at 1,474.69.

Following the lack of cues from major global markets overnight due to Christmas day and Boxing day holidays, the main index remained directionless today.

While Hong Kong and Australia stock markets still closed today for holidays, market participants expect that U.S. inflation may be receding after economic data showed consumer spending and inflation slowed in November. Most of the Asian bourses ended higher in thin trading on today, with the investors remain hopeful on China’s easing its quarantine requirements for inbound visitors, further easing three-year border controls aimed at curbing COVID-19.

** The FTSE BM KLCI opened at 1,474.39. The index fluctuated between 1,468.15– 1,477.43.

** 392 counters are gainers, 375 counters are unchanged, while 491 counters are decliners.

** Total volume of 3.055 billion shares changed hands; while Turnover of RM 1.848 billion

** The Top 5 Gainers: KLK (21.74, +0.54); GENP (6.40, +0.37); F&N (21.40, +0.26); HEIM (25.62, +0.26); BKAWAN (21.64, +0.26)

** The Top 5 Losers: HSI-HE2 (0.02, -0.17); DJIA-C6 (0.64, -0.17); INFOTEC (0.835, -0.165); SIGN (2.39, -0.15); MAYBANK (8.64, -0.14)

** The Top 5 Active: TOPGLOV (0.925, +0.105); BORNOIL (0.025, 0.00); MTRONIC (0.02, -0.005); ASB (0.175, 0.00); CYPARK (0.44, +0.055)

Singapore’s Straits Times Index (STI) gained 11.78 points or +0.36% to 3,269.48; Japan’s Nikkei 225 Index rose 42 points or +0.16% at 26,447.87; Shanghai’s SSE Composite Index climbed 30.01 points or +0.98% at 3,095.57; Korea’s Kospi Index up 15.65 points or +0.68% at 2,332.79.

Previous articleDNB’s UK Consultant Rational For SWN Model Only Raises More Questions
Next articleMoH Steps Up Readiness Amidst Surge of COVID Cases in China

LEAVE A REPLY

Please enter your comment!
Please enter your name here