Today’s KLSE Stock Signal
Malaysia Stock Market News
- Key Asian markets including Bursa Malaysia closed lower on Tuesday as investors locked in gains after the previous day’s surge.At 5pm, the KLCI was down 5.58 points or 0.32% to 1,719. Turnover was 2.64 billion shares valued at RM2.20bil. The broader market weakened with decliners beating advancers about two to one or 674 losers to 285 gainers and 294 counters unchanged.
- Chinese stocks fell in heavy volume as some investors took profits on heavyweight financial shares, betting the market’s recent spectacular surge is unsustainable. The CSI300 index fell 1.2% while the Shanghai Composite Index fell 0.7%, Reuters reported.Hong Kong stocks closed lower, tracking a correction in Asian markets, as investors waited to see if Washington and Beijing can clinch a trade deal. The Hang Seng index fell 0.7% while the China Enterprises Index lost 0.8%.
- The ringgit weakened against the US dollar, down 0.12% to 4.0718; it weakened 0.62% to the pound sterling to 5.3503, lost 0.15% against the euro to 4.6231 and shed 0.08% against the Singapore dollar to 3.0162.Oil inched lower to extend losses of more than 3% from the previous session, easing after US President Donald Trump called on Opec to rein in its efforts to boost prices. US light crude oil fell 14 cents to US$55.34 while Brent managed to eke out a three cents gain to US$64.79.