Cautious market sentiment drags Bursa decrease

KUALA LUMPUR: The FBM KLCI ended decrease on Tuesday, with shopping for curiosity interspersed with profit-taking.

The benchmark index edged down 1.35 factors to 1,585.81 at closing.

On the broader market, gainers outnumbered losers by 504 to 403 whereas 441 counters traded unchanged.

Buying and selling quantity was increased at 3.09 billion shares value RM2.84bil in opposition to 2.44 billion shares valued at RM2.26bil on Monday.

Based on information on Bursa Malaysia, overseas traders and retailers disposed of RM9mil and RM51mil of native equities respectively yesterday. Native establishments acquired RM59mil value of equities.

Kuala Lumpur Kepong was the highest gainer on Bursa Malaysia, rising 72 sen to RM25.70, adopted by PMB Expertise, which climbed 48 sen to RM17.36 and

Farm Contemporary made its debut on the Essential Market of Bursa Malaysia immediately. The itemizing, with a market capitalization of RM2.5bil is the most important IPO on the Bursa Malaysia since June 2021.

Nestle shed 70 sen to RM135.50, F&N misplaced 64 sen to RM21.72 and Press Steel fell 36 sen to RM5.99.

Maybank and RHB Financial institution fell two sen every to RM8.83 and RM8.93 respectively. Public Financial institution declined one sen to RM4.62 and CIMB eased 5 sen to RM5.30.

In the meantime, crude oil costs prolonged good points as some European Union members had been reported to be contemplating imposing sanctions on Russian oil.

Brent crude futures fell by 0.61%, to US$114.92 a barrel whereas the US West Texas Intermediate (WTI) fell 1.02%, to US$110.98 per barrel.

On the exterior entrance, Japan’s Nikkei 225 closed up 1.48% to 27,224.11 whereas South Korea’s Kospi added 23.95 factors, or 0.89%, at 2,710.00.

Hong Kong’s Dangle Seng superior 3.15% to 21,889.28.

China’s CSI300 index was 0.08% decrease at 4,255.30 whereas the Shanghai Composite Index completed 0.18% increased at 3,259.86.


Source link

Leave a Comment