Bursa Malaysia Market Trade Lower After Sell Off In Blue Chips Stocks And Cues From Global Market

KLSE Stock News

Kuala Lumpur: Bursa Malaysia share prices opens lower early on Monday. The FBM KLCI dragged 0.23% lower at early morning, following weaker global markets. At 10 am, the FBM KLCI fell 3.91 points to 1,691.97.

Decliners drove gainers by 277 to 198, while 229 counters exchanged unaltered. Volume was 408.6 million offers esteemed at RM205.11 million.

The top decliners included Nestle (M) Bhd, Hong Leong Bank Bhd, Kian Joo Can Factory Bhd, Ornapaper Bhd, PETRONAS Gas Bhd, Hengyuan Refining Company Bhd, Dufu Technology Corp Bhd, KESM Industries Bhd, and Computer Forms (M) Bhd.

The gainers included AirAsia Group Bhd, United Plantations Bhd, MISC Bhd, Petronas Dagangan Bhd, Muhibbah Engineering (M) Bhd, Lotte Chemical Titan Holding Bhd, Hap Seng Consolidated Bhd, and Scicom (MSC) Bhd.

KLSE Stock Gainers

Stock Last Change
CARLSBG 19.28 0.2
HEIM 19.46 0.2
UTDPLT 27 0.18
AIRASIA 3.07 0.18
PETDAG 27.06 0.16

KLSE Stock Losers

Stock Last Change
NESTLE 146.8 -0.7
BAT 37.84 -0.32
HLFG 19.12 -0.08
AEONCR 15.56 -0.14
TENAGA 14.72 -0.08

The stock which remains in focus early trade on Monday:

AirAsia picked up 13 sen to RM3.02 on desires for a guard profit, LC Titan added six sen to RM4.91, Cocoaland and EITA increased five sen each to RM2.05 and RM1.43 while WTK added 4.5 sen to 52.5 sen.

IOI Properties Group Bhd shares fell 1.8% at early in the day today after the gathering detailed its net benefit declined 54.3% to RM111.96 million for the principal quarter finished Sept 30 (1QFY19).

Bumi Armada Bhd shares fell 4.69% toward the beginning of today after it posted a second from last quarter net loss of RM502.83 million versus a net benefit of RM123.73 million per year sooner as it perceived essentially higher resource debilitations.

 Global Market

The Dow dropped to its most four months lows, while the S&P 500 slid to a six-month low. The all finished the day in negative domain. The Dow drooped 178.74 focuses or 0.7 percent to 24,285.95, the Nasdaq fell 33.28 focuses or 0.5 percent to 6,938.98 and the S&P 500 tumbled 17.37 focuses or 0.7 percent to 2,632.56.

Apple (AAPL) stocks news weighed on the sectors, with the tech mammoth drooping by 2.5 percent to its least shutting dimension in well more than a half year.

Apple extended downtrend after a report from the Wall Street Journal said the organization is moving to offer appropriations to portable system administrators in Japan, successfully cutting the cost of its as of late discharged iPhone XR.

Index Last Change%
Dow 30 24,285.90 -0.73
S&P 500 2,632.56 -0.66
Nasdaq 100 6,938.98 -0.48
FTSE 100 6952.86 -0.11
DAX 11192.7 0.49
 
Currency Market
Forex Signals: Ringgit trades lower after crude oil slips below US$60 a barrel. The ringgit opened lower today against the US dollar early today as oil costs proceeded with their downtrend, achieving an 11-month low.

At 9.00 am, the ringgit remained at 4.1940/1990 versus the US dollar from 4.1920/1960 on Friday. As of 9 am, benchmark Brent unrefined remained at US$59.48 per barrel contrasted and S$62.60 per barrel last Friday.

Commodity Market
Gold prices trade swift as lack of volume and positive developments from EU bring some softness in higher prices. A December gold future is trading at $1222.

Daily Gold trading Range: $1220-$1229