KLCI ends on flat note ahead of Budget 2020


  • Markets
  • Thursday, 10 Oct 2019

KUALA LUMPUR: Bursa Malaysia ended mixed on Thursday, with the FBM KLCI ending 0.04% higher ahead of the Budget 2020.

At 5pm, the KLCI was up 0.64 of-a-point or 0.04% to 1,5451.87. The benchmark index charted a new four-year low of 1,548.45 in mid-afternoon, beating yesterday’s intra-day low of 1,548.62. The benchmark index opened 0.53 point weaker this morning.

Turnover was 2.17 billion shares valued at RM2.18bil. There were 339 gainers, 384 losers and 478 counters unchanged.

Analysts said investors stayed on sidelines ahead of Budget announcement tomorrow. In addition, the volatile US-China trade tensions continued to weigh on investor sentiment and whether there would be a progress in the talks remain to be seen.

British American Tobacco was the top loser on Bursa Malaysia, falling 34 sen to RM17.28, Petronas Dagangan fell 20 sen to RM23.10, GUAN CHONG BHD shed 19 sen to RM4.38 while HEINEKEN MALAYSIA declined 18 sen to RM24.06.

Among the heavyweights, Maybank added one sen to RM8.39, Tenaga added six sen to RM13.66, Public Bank advanced six sen to RM19.18 and CIMB added one sen to RM4.86.

Elsewhere in the region, China’s stocks climbed to a two-week high on Thursday as investors hoped for a partial trade deal between US and China.

The Shanghai Composite index closed up 0.8% at 2,947.71 points, its highest level since September 26. The blue-chip CSI300 index also gained 0.8%.

Hong Kong’s Hang Seng index was up 0.1% at 25,707.93 points, while the Hang Seng China Enterprises index closed 0.5% higher.

Japan’s Nikkei 225 index ended up 0.45% at 21,551.98 while South Korea’s benchmark index KOSPI ended down 18.10 points, or 0.88%, at 2,028.15.


Markets , KLCI , Bursa Malaysia

   

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