Tag: Bursa Malaysia
Bursa Malaysia shares opens low today with a cautious market undertone.
Shares on Bursa Malaysia are higher at the opening thanks to positive overnight developments on US-China trade front.
Bursa Malaysia opens flat trading cautiously ahead of US Federal Reserves's two-day policy meeting.
Despite global weaknesses and sluggish Chinese industrial data amidst the US-China trade war, Bursa Malaysia opens easier today.
Bursa Malaysia is likely to trade firmer with an upside bias next week, on the expected return of risk appetite backed by external and local factors.
Malacca Securities Sdn Bhd says rising geopolitical concerns in the Middle East and the unresolved trade dispute between the US and China will leave sentiments on the wary side.
The Malaysian stock exchange trends lower at mid-morning, pressured by selling in heavyweight stocks, led by Tenaga and IHH Healthcare.
Bursa Malaysia opens lower in consolidation mode, taking the cue from weaker performance on Wall Street, which snapped its longest winning streak in two months.
The easing of trade disputes and potential US monetary policy support has added a measure of stability in the market which contributed to the uptrend on Bursa Malaysia.
However, market watchers will be waiting to see if the US cuts interest rates.
At 9.07am, the key FBM KLCI perked 4.9 points to 1,648.99 from 1,644.56 at 5 pm on Tuesday.
At 9.40am, the key FBM KLCI eased 3.08 points to 1,652.23 from 1,655.31 at 5 pm yesterday.
Institusi tempatan menguasai 41.36% pasaran minggu ini, manakala pelabur asing pada 41.17% dan peruncit tempatan sebanyak 17.27%.
Malacca Securities Sdn Bhd sees the gains as bargain hunting activities after the key index dipped below the 1,600 points.
Malacca Securities Sdn Bhd says the recent gains on Bursa Malaysia are superficial as there are not accompanied by improved fundamental outlooks.
Malacca Securities Sdn Bhd believes the market weakness is set to return which will see the index linked stocks retreating again.
The US-Sino trade spat is causing the overall market environment to remain insipid amid the increasingly thin market participation.
Bursa Malaysia opens higher today in line with talks over President Donald Trump's plan to lower restrictions against Huawei.
At 9.13am, the FBM KLCI was down 4.83 points to 1,597.04 after opening 7.71 points lower at 1,594.16.
At 9.13am, the FBM KLCI was down 12.81 points to 1,590.93 after opening 3.8 points lower at 1,599.94.
MIDF Research attributes this to escalating tensions between the US and China ahead of President Donald Trump's meeting with his counterpart Xi Jinping at the G20 summit in June.
Losers outpaced gainers 160 to 80, with 141 counters unchanged, 1,531 untraded and 38 others suspended.
KLCI up 3.09 points, led mainly by Public Bank, Dialog and Digi in line with US equity markets.
Malacca Securities Sdn Bhd says the market’s undertone is still cautious, undermined by the US-China trade spat.