Kuala Lumpur: Bursa Malaysia started Monday on an attentive note. The stock prices opened lower on Monday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 3.27 points to 1,773.88 at 9:06 am.
The trading volume was 56.7 million lots worth RM20.4 million. There were 70 gainers, 189 losers and 155 counters unchanged. After the week-long holiday the Asian markets ahead of the renewal of trade in China bourses.
At the KLSE stock loser index, GAMUDA BHD was the top loser, sliding 71 sen to RM2.50 and its warrants, Gamuda-WE down 8.5 sen to 35 sen. The fall in Gamuda was after the government terminated MRT 2’s underground scope, which CIMB Research said was a negative surprise.
The Press Metal Aluminium Holdings Bhd fell 12 sen to RM4.96, MMC Corp 12 sen to RM1.23, Petronas Chemical also 12 sen lower at RM9.27. Maxis lost eight sen to RM5.61.
Hartalega lost 13 sen to RM6.25 and Supermax 10 sen to RM2.96 after analysts viewed the stocks were overvalued.
The KLSE stock gainer list including IHH Healthcare rose 10 sen to RM5.20 while Willowglen’s recent contract saw it climbing four sen to 60.5 sen.
Asia-Pacific shares outside Japan Nikkei was down 0.3% after major stock markets around the world fell for a second straight day on Friday MSCI’s broadest index. The HANG SENG index open with 26,717.60 and previous close was 26,572.57 and Nasdaq was changed to -91.1 on Bursa Index.
Forex Signals: The ringgit opened lightly against the US dollar early Monday among the higher US rate and a stronger greenback. The local currency stood at 4.1470/1500 against 4.1440/1490 recorded at Friday’s closing. and was traded lower against other major currencies.
It decreased against the Singapore dollar from 2.9975/3.0022 to 2.9981/0014 on Friday and slid versus the Japanese yen to 3.6425/6461 from 3.6383/6443. The local note went down against the Euro from 4.7639/7714 to 4.7773/7816 and fell against the British pound from 5.4017/4091 to 5.4409/4456.
The trade was remained favorable due to the oil prices, Brent crude was traded at US$83.20 per barrel, down by 1.14 percent.