Bursa Malaysia market stayed on a downtrend today and in accordance with worldwide companions.
The key FTSE Bursa Malaysia KLCI (FBM KLCI) fell 4.56 focuses to 1,683.71 from Wednesday’s end of 1,688.27.
The record opened 4.92 weaker at 1,683.35. On the more extensive market, washouts were marginally higher than gainers at 100 to 60, with 119 counters unaltered, 1,590 untraded and 23 others suspended.
Volume remained at 115.82 million units esteemed at RM34.17 million.
Among different actives, Tatt Giap climbed a large portion of a-sen to 1.5 sen, Astro expanded nine sen to RM1.38, Techbond added 2.5 sen to 88.5 sen and Bumi Armada was a large portion of a-sen better at 16 sen.
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Berjaya Food Bhd shares rose 2.26% toward the beginning of today after its net benefit developed 21% year-on-year in its second quarter finished Oct 31, 2018 (2QFY19) to RM7.03 million from RM5.81 million. Berjaya Food added 3 sen to RM1.36 with 125,900 offers exchanged.
Astro Malaysia Holdings Bhd shares rose 6.98% after its net benefit climbed hardly to RM153.21 million for the second from last quarter net benefit of as of Oct 31, up 4.45% from RM146.68 million in the past comparing quarter.
Techbond Group Bhd rose 25% in dynamic exchange early at the beginning of today upon its posting on the Main Market of Bursa Malaysia Securities Bhd. Techbond rose 16.5 sen to 82.5 sen with 24.08 million offers exchanged.
Padini Holdings Bhd’s offer value kept on dropping for the third sequential exchanging day. The stock fell 15 sen or 3.4% to RM4.28 as at 4.30pm today, as the most recent quarterly money related profit, which experienced edge crush, painted a melancholy standpoint.
The U.S. securities exchange is closed yesterday, however, advertises somewhere else are open for business—and not doing as such well.
Europe’s Stocks 600 has fallen 0.7% to 355.93, while the Asia Dow has dropped 1% to 3,242.77. And keeping in mind that those business sectors are down, the harm is far not as much as that endured by U.S. stocks yesterday: The Dow Jones Industrial Average dropped almost 800.
That is ascribed to remarks from the China Ministry of Commerce, which said that it will establish the understandings came to with the U.S., conveying somewhat more conviction to the market about the condition of exchange.
Actually, U.S. fates have even been exchanging also and making back a modest part of yesterday’s misfortunes. S&P 500 prospects have risen 0.5%, while Dow Jones Industrial Average fates have progressed 0.4%.
Forex Signals: The ringgit stretched out yesterday’s misfortunes to open hardly bring down against the US dollar today and in the midst of weaker raw petroleum costs.
In morning trade it at 4.1550/1600 against the US dollar from Wednesday’s end of 4.1525/1555.
Gold Price: Gold traded below yesterday’s 5-week high trading near $1240 per ounce as Asian and European stock markets extended Wall Street’s steep drop amid forecasts of a US economic recession after the yield curve on Washington’s debt briefly inverted.
Gold trade in Range of $1230-$1242