Kuala Lumpur, January 17 – Bursa Malaysia closed in bullish note on Tuesday with the FBM KLCI climbed 5.82 points or +0.39% at 1,499.38. Reversed its earlier negative movement, the main index shrugged off earlier losses and trended northward into the positive territory.
The index was lifted by buying interest on selected heavyweights towards the end of the trading day.
Meanwhile, Asian stocks markets ended mixed amidst respective developments, as market participants remain cautious as US Treasury yields have extended their gains on early Tuesday.
Japanese bourse led the gains in the region as it snapped the losing streak and jumped 1.23% today. Reversed the losses made yesterday. The volatility in the Japanese equities was anticipated as uncertainty for the Bank of Japan (BOJ)’s first monetary policy of 2023 is high. Investors are keenly waiting for a commentary on the expression of exit from decade-long ultra-loose monetary policy.
China’s Shanghai SSE Composite dropped a mere 0.1% whilst Hong Kong’s HSI shed 0.78% after the news on the economic growth of China was printed at a mere 3%. However, the HSI was down due to profit-taking activities after a sharp bullish movement for these 2 months.
** The FTSE BM KLCI opened at 1,492.53. The index fluctuated between 1,488.95 – 1,495.55
** 423 counters are gainers, 432 counters are unchanged, while 417 counters are decliners.
** Total volume of 2.819 billion shares changed hands; while Turnover of RM 1.976 billion
** The Top 5 Gainers: PETGAS (17.38, +0.32); RAPID (16.26, +0.28); DIN 045801028 (102.25, +0.25); CARLSBG (23.66, +0.18); DLADY (29.92, +0.16)
** The Top 5 Losers: MPI (32.50, -1.48); F&N (23.80, -0.70); HEXTECH (24.52, -0.58); AJI (14.04, -0.18); PETDAG (22.26, -0.18)
** The Top 5 Active: KITACON (0.75, +0.07); SERBADK (0.02, +0.005); DNEX (0.585, +0.025); NATGATE (1.09, +0.04); SAPNRG (0.05, 0.00)
Singapore’s Straits Times Index (STI) shed 5.58 points or -0.17% to 3,278.02; Hong Kong’s HSI slid 169.08 points or -0.78% at 21,577.64; Japan’s Nikkei 225 index jumped 316.36 points or +1.23% at 26,138.68; Shanghai’s SSE Composite Index dropped 3.35 points or -0.1% at 3,224.24; Korea’s Kospi Index shed 20.47 points or -0.85% at 2,379.39; Australia’s S&P/ASX 200 Index down 1.90 points or -0.03% at 7,386.30.
