Bursa Malaysia bucks regional trend, dragged by negative sentiment | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 69 sec. here
  • 3 min. at publisher
  • 📊 Qulity Score:
  • News: 31%
  • Publisher: 86%

KUALA LUMPUR, April 10 — Bursa Malaysia ended lower today, bucking the trend of its regional peers after being dragged by negative investor sentiment following several announcements made on the local front, including Fitch Ratings’ move to revise the country’s outlook from “stable” to...

Malaysia Headlines News

Malaysia Latest News, Malaysia Headlines

File picture shows an investor monitoring stock prices in the gallery of the RHB Investment Bank Bhd headquarters, July 16, 2018. — Bernama pic

At 5pm, key index FTSE Bursa Malaysia KLCI fell 12.26 points or 0.89 per cent to 1,357.50 from 1,369.76 at Thursday’s close. Turnover decreased to 3.72 billion shares worth RM1.67 billion from 4.71 billion shares worth RM2.25 billion yesterday. It said the agency opined that the economic impact from the Covid-19 pandemic is likely to be significant, and that there is a high level of uncertainty in terms of the growth outlook and public finances, given the downside risks to revenue and a higher need for fiscal spending to cushion the economic fallout.

“The market is likely to be in a glut as global demand is not going to be forthcoming. We could see retracement in oil and gas-related stocks,” he told Bernama.However, Mohd Afzanizam said the move by the United States Federal Reserves to provide a cash injection of up to US$2.3 trillion to the financial system are likely to help the smooth functioning of the credit markets.

On the index board, the FBM Emas Index depreciated 77.86 points to 9,392.05, the FBMT 100 Index decreased 72.14 points to 9,288.66 and the FBM Emas Shariah Index fell 40.97 points to 10,363.11.Sector-wise, the Financial Services Index lost 196.21 points to 12,278.91, the Industrial Products and Services Index inched down 0.94 of-a-point to 109.50 and the Plantation Index was 36.20 points lower at 6,247.65.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bursa Malaysia 1Q20 earnings likely to impress, says Alliance DBS | Malay MailKUALA LUMPUR, April 9 — Bursa Malaysia is expected to record impressive first quarter results supported by strong performance in the equity and derivatives markets, says Alliance DBS. In a note today, it said the average daily value traded (ADVAL) was at a five-year high, while volatile crude...
Source: malaymail - 🏆 1. / 86 Read more »

Bursa Malaysia rebounds at opening, tracking overnight surge on Wall Street | Malay MailKUALA LUMPUR, April 9 ― Bursa Malaysia rebounded at the opening, tracking the overnight surge on Wall Street on hopes that the Covid-19 pandemic is nearing its peak in the United States. Dow Jones Industrial Average closed at 23,433, up by almost 780 points or 3.44 per cent. At 9.02am, key index...
Source: malaymail - 🏆 1. / 86 Read more »

Bursa Malaysia higher at lunch break | Malay MailKUALA LUMPUR, April 9 ― Consistent buying in heavyweight counters kept the FBM KLCI index firmer at lunch break, in sync with positive sentiment in regional stock markets. At 12.30pm, key index FTSE Bursa Malaysia KLCI (FBM KLCI) rose 7.02 points, or 0.516 per cent to 1,368.41 from 1,361.39 at...
Source: malaymail - 🏆 1. / 86 Read more »

Bursa opens lower on selling pressure | Malay MailKUALA LUMPUR, April 10 — Bursa Malaysia opened lower on the last trading day of the week, due to some selling pressure after its decent performance over the last few days. At 9.02am, key index FTSE Bursa Malaysia KLCI (FBM KLCI) erased 9.56 points, or 0.698 per cent to 1,360.20 from 1,369.76 at...
Source: malaymail - 🏆 1. / 86 Read more »

Bursa Malaysia rebounds at openingNSTbusiness: Market breadth turned positive with gainers leading losers 336 to 35, while 125 counters were unchanged, 1,423 untraded and 20 others suspended. BursaMalaysia KLCI Covid19 coronavirus
Source: NST_Online - 🏆 17. / 53 Read more »

Bursa Malaysia higher at lunch break | Malay MailKUALA LUMPUR, April 9 ― Consistent buying in heavyweight counters kept the FBM KLCI index firmer at lunch break, in sync with positive sentiment in regional stock markets. At 12.30pm, key index FTSE Bursa Malaysia KLCI (FBM KLCI) rose 7.02 points, or 0.516 per cent to 1,368.41 from 1,361.39 at...
Source: malaymail - 🏆 1. / 86 Read more »