Bursa Malaysia falls 2.09% to close at intra-day low
KUALA LUMPUR : Bursa Malaysia finished at an intra-day low today as investor sentiments were affected by the weaker manufacturing data amidst straggling crude oil prices. The local bourse’s performance was also tracking that of its regional peers. At 5pm, the FBM KLCI fell 28.23 points, or 2.09 per cent, to close at 1,322.66 from 1,350.89 at Tuesday’s close. The key index opened 5.99 points lower at 1,344.90 and hovered between 1,322.66 and 1,344.90 throughout the day. Market breadth was negative with losers outpacing gainers 523 to 355, while 358 counters were unchanged, 685 untraded and 19 others suspended. Turnover widened to 4.74 billion shares worth RM2.77 billion compared with 3.52 billion shares worth RM2.87 billion yesterday. A dealer said the less than encouraging IHS Markit Malaysia Purchasing Managers’ Index (PMI) -- which fell to 48.4 in March 2020 from 48.5 in February 2020 -- had stymied risk sentiment in the market. “Investor confidence was also hampered by the sliding crude oil prices which saw the benchmark Brent Crude trading below US$25 per barrel today on oversupply worries,” he said.
Bursa Malaysia falls 2.09% to close at intra-day low
KUALA LUMPUR : Bursa Malaysia finished at an intra-day low today as investor sentiments were affected by the weaker manufacturing data amidst straggling crude oil prices. The local bourse’s performance was also tracking that of its regional peers. At 5pm, the FBM KLCI fell 28.23 points, or 2.09 per cent, to close at 1,322.66 from 1,350.89 at Tuesday’s close. The key index opened 5.99 points lower at 1,344.90 and hovered between 1,322.66 and 1,344.90 throughout the day. Market breadth was negative with losers outpacing gainers 523 to 355, while 358 counters were unchanged, 685 untraded and 19 others suspended. Turnover widened to 4.74 billion shares worth RM2.77 billion compared with 3.52 billion shares worth RM2.87 billion yesterday. A dealer said the less than encouraging IHS Markit Malaysia Purchasing Managers’ Index (PMI) -- which fell to 48.4 in March 2020 from 48.5 in February 2020 -- had stymied risk sentiment in the market. “Investor confidence was also hampered by the sliding crude oil prices which saw the benchmark Brent Crude trading below US$25 per barrel today on oversupply worries,” he said.