Kuala Lumpur: Bursa Malaysia stock prices continues to decline on Tuesday due to rising US bond yields and the state of the Chinese economy. The market was opened lower with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 3.18 points to 1,772.57.
The trading volume was 61.68 million lots worth RM23 million. There were 94 gainers versus 89 decliners and 148 counters unchanged.
Among the most KLSE active stock, the rapid fluctuations were seen in Gamuda Bhd to its share price but held firm following the 24% plunge in yesterday’s session. the stock stayed unchanged at RM2.43 in the early morning session.
The top KLSE gainers stock list including, Iris, up 0.5 sen to 16.5 sen and VC, losing 0.5 sen to 8.5 sen. Among heavy cap stocks, Genting Malaysia rose four sen to RM4.96, Genting gained three sen to RM7.84 and Ambank added five sen to RM4.05.
The KLSE loser stock list shows, KLK fell 26 sen to RM24.74, Press Metal dropped eight sen to RM4.85 and Hartalega slid six sen to RM6.25.
The Southeast Asian stock markets were depressed on Tuesday, tracking weakness in broader Asia as China allowed its currency to slip past a psychological bulwark amid sharp losses in domestic share markets. The Japan Nikkei opens today WITH 26,202.57 And previous close at 23,783.72 and HANG SENG index open at 26,194.17 and its previous close was 26,202.57.
The little change was seen in Oil prices on Tuesday, the crude exports from Iran are declining in the run-up to the reimposition of U.S. sanctions, while a hurricane moved across the Gulf of Mexico.
Brent crude was down seven cents at US$83.84 a barrel while US crude was down by one cent at US$74.28 a barrel, having fallen as low as US$73.07 in the previous session.
Forex Signals: The RINGGIT was weakened against the US dollar, down 0.03% to 4.1565.