KUALA LUMPUR: The FBM KLCI ended 0.35% decrease on Thursday as threat sentiment soured as buyers have been involved over the world financial slowdown.
At 5pm, the benchmark index closed down 5.50 factors, or 0.35% to 1,549.41. The index hit an intraday low of 1,545.02 and an intraday excessive of 1,554.91.
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Market breadth turned adverse as losers overpowered the gainers on a ratio of 692-to-272 shares. Traded volumes stood at 2.68 billion value RM2.23bil.
Along with buyers’ profit-taking, sellers stated buyers have been additionally involved about financial recession because of inflationary pressures.
On Bursa Malaysia, Malaysian Pacific Industries tumbled 82 sen to RM30.80, Dutch Lady fell 48 sen to RM33.52, Sarawak Oil Palms misplaced 33 sen to RM5.72 and Carlsberg declined 28 sen to RM22.
Among the gainers, Genting jumped 22 sen to RM4.86, Kuala Lumpur Kepong added 20 sen to RM26.90, PPB rose 20 sen to RM17.12 and Petron Malaysia superior 18 sen to RM7.13.
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Serba Dinamik
, the most actively traded counter on Bursa Malaysia, fell 1.5 sen to 14.5 sen with 186.17 million shares traded.
Sapura Energy declined one sen to six.5 sen with 166.53 million shares performed.
Meanwhile, the ringgit was quoted at 4.4043, down 0.17% towards the US greenback.
The ringgit hit a document low on March 23, 2020 when it reached RM4.447.
SPI Asset administration managing associate Stephen Innes stated it will be attention-grabbing to see whether or not the US greenback offers again a few of its current features.
“Despite the ongoing stock market malaise, the US dollar hardly fires on all cylinders. US slowdown concerns could be undermining the dollar, with a rally in fixed income supporting that idea,” he stated.
On the exterior entrance, MSCI’s Asia ex-Japan inventory index was decrease by 2.21%.
Japan’s Nikkei 225 fell 1.89% to 26,402.84 whereas South Korea’s Kospi index closed down 1.28%, at 2,592.34.
Hong Kong’s Hang Seng index fell 2.54% to twenty,120.68.
China’s CSI300 index closed up 0.19% at 3,999.60 whereas the Shanghai Composite index rose 0.36% to three,096.96.
