Chinese investors look at a screen showing stock movements at a stock brokerage house in Beijing, China, 05 January 2016. Shares in China made modest gains 05 January morning, the day after a plunge in the market triggered a halt to trading. The CSI 300 Index was up 0.79 per cent when the market shut for its lunch break. The index comprises 300 shares from the biggest companies on the Shanghai and Shenzhen exchanges. EPA
KUALA LUMPUR: Foreign funds underpinned the blue chips on Bursa Malaysia again on Wednesday with their net buying at RM354.2mil, according to BIMB Securities Research.
It said on Thursday local institutions were net sellers at –RM350.1mil and retail investors were net sellers also at –RM4.1mil.
The FBM KLCI ended flattish, losing 0.20 points or 0.01% to 1,724.55, dragged down by O&G and plantation stocks.
“We expect the local market to remain negative today following overnight losses in US and Europe and negative sentiment on terrorists bombing with the index to hover around 1,715 to 1,720,” said the research house.
In Europe, markets finished lower for a third straight day as a selloff in oil and metals pushed commodity companies lower.
Wall Street also ended lower with energy stocks leading declines as oil settled below US$40 a barrel. The DJIA lost 0.45% to end at 17,502.59 and the S&P 500 lost 0.64% to 2,036.71.
In Asia, key indices ended mixed on thin volume as investors were alert on Brussels’ terrorists attack.
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