Bursa Malaysia opened lower today on an absence of purchasing interest after yesterday selloff in Us Market
At 9.04am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 8.83 to 1,686.16 from Tuesday’s end of 1,694.99. The list opened 11.41 weaker at 1,683.58.
On the more extensive market, failures conquered gainers 244 to 44, with 103 counters unaltered, 1,478 untraded and 21 others suspended. Volume remained at 107.17 million units esteemed at RM62.01 million.
Techbond Group Bhd, made its introduction on the Main Market of Bursa Malaysia, opening at 80.5 sen and recording a 14.5 sen premium over its 0.66 issue cost. The principal exchange was done at 10.1 million offers.
Among different actives, Hibiscus Petroleum shed three sen to RM1.08, Sapura Energy slipped a large portion of a-sen to 34 sen, Genting Malaysia fell three sen to RM2.93 and Velesto Energy somewhere around one sen to 21.5 sen.
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PC Forms (Malaysia) Bhd’s (CFM) share cost was level at the beginning of today at RM1.27 after investors were prompted by the free consultant to dismiss the changed offer by Tan Sri Datuk Tan Hua Choon.
Utusan is moving a shop part in Petaling Jaya for RM7mil and Parkson’s Singapore-recorded backup has been put under the trade’s watch list because of low exchanging cost.
TRC Synergy has been granted the nearly RM500mil contract to build up an incorporated improvement in Putrajaya.
Tadmax’s CEO has been paring down his stake from 26.4% to 17.1% as of late.
It was quick Wall Street’s excitement for the US-China exchange détente has totally vanished. The Dow dropped 799, or 3.1%, on Tuesday. At a certain point, the record was down 818. The S&P 500 declined 3.2%, while the Nasdaq tumbled 3.8%.
Huge tech stocks fell pointedly. Apple (AAPL) and Alphabet (GOOGL) lost over 4% each. Amazon (AMZN) and Netflix dove over 5%.
The selloff wipes out a lump of a week ago’s an immense rally. The Dow bounced 288 points on Monday on help about the truce between the United States and China on the exchange. Experts are still extremely worried about the exchange war.
Forex Signals: The ringgit withdrew against the US dollar to open lower today as benefit taking developed after the exchanged higher against the greenback in the course of recent days.
At 9.02am, the ringgit exchanged at 4.1540/1590 against the US dollar from Tuesday’s end of 4.1450/1500.
Gold price: Yesterday it trades higher raising another $10 to exchange at $1241.50. Silver is up another 22¢ at $14.63.This week, when the Commitment of Traders of the report is, will give an idea for future price trend what trader expect.
Gold trade in Range of $1230-$1240