Hottest Online News Portal

BURSA MALAYSIA: KL Shares Open Mixed

in Latest/Slider

KUALA LUMPUR: Bursa Malaysia opened mixed Thursday despite the weaker overnight performance of Wall Street and as the US Federal Reserve left interest rates unchanged.

At 9.10 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.64 of-a-point lower at 1,627.32 against Wednesday’s close of 1,627.96. It opened 0.91 of-a-point higher at 1,628.89.

On the broader market, gainers led losers 108 to 81, while 142 counters were unchanged, 1,385 untraded and 18 others suspended.

Turnover stood at 82.54 million shares worth RM44.10 million.

The US Federal Reserve (Fed) kept its Federal Funds rate at 0.25-0.50 per cent, unchanged for the fourth consecutive meeting, since raising its policy interest rate by 25 basis points in December 2015.

“While six policymakers now see only one rate hike for 2016, we continue to believe that the Fed will likely stick to two rate hikes for 2016, possibly in July or September and December 2016,” said Affin Hwang Capital Research in a note today.

The FBM Emas Index eased 0.97 of-a-point to 11,395.06, the FBMT 100 Index fell 1.24 points to 11,093.03, but the FBM Emas Shariah Index gained 0.63 of-a-point to 11,960.53.

The FBM 70 rose 9.68 points to 12,932.52 and the FBM Ace was 7.02 points higher at 5,380.02.

Sector-wise, the Finance Index trimmed 6.75 points to 14,065.61, the Plantation Index declined 12.99 points to 7,555.65 and the Industrial Index eased 4.64 points to 3,055.06.

Among heavyweights, Public Bank increased four sen to RM19.18, Axiata added two sen to RM5.61, TNB and IHH Healthcare were flat at RM13.96 and RM6.41 respectively while Maybank declined four sen to RM8.09.

Of the actives, Hiap Teck, Kretam Holdings and AirAsia X inched up half-a-sen each to 31.5 sen, 60.5 sen and 37 sen respectively, while Dufu Technology rose 2.5 sen to 61 sen and Comintel Corp was flat at 94 sen.


Latest from Latest

Go to Top