Daily Archives: March 28, 2019

28Mar

KLCI limits losses, ringgit dips towards growing greenback

The FBM KLCI fell as a lot as four points in intra-morning trade even though it managed to halve losses by using midday break.

KLCI report

 

At 12.30pm, the local index used to be 2.03 factors lower at 1,640.70. Trading used to be sluggish in the morning session with a total of 950.36 million shares replacing arms for a price of RM616.91mil.

Asian markets grew weaker over Thursday change as the recession fears hooked up on falling 10-year US Treasury yields.

In Greater China, the Shanghai Composite Index slipped 0.25% though the CSI300 and Hong Kong’s Hang Seng were marginally higher.

Japan’s Nikkei fell 1.3% whilst South Korea’s Kospi slid 0.5%. On Bursa Malaysia, fantastic charge motion used to be led by means of client stocks Nestle rising RM2 to RM147, Panasonic gaining 98 sen to RM38.48 and BAT adding 34 sen to RM35.34.

Leading decliners were Petronas Dagangan falling 16 sen to RM24.82, Rapid dropping 10 sen to RM5.60 and Hengyuan dipping 10 sen to RM5.80. Most active counters had been Sapura Energy losing 0.5 sen to 32.5 sen, MyEG slipping one sen to RM1.38 and Destini adding one sen to 31 sen. Oil fees prolonged losses for a second straight session as US investories confirmed an surprising increase. US crude fell 17 cents to US$59.24 a barrel and Brent crude dipped 10 cents to US$67.73 a barrel. The ringgit was 0.1% weaker towards a strengthening dollar at 4.0770. It was flat against the pound sterling at 5.3783 and marginally greater over the Singapore dollar at 3.0089.

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