Malaysia's blue-chip index hovers below 1,500


KUALA LUMPUR: The FBM KLCI remained capped by the 1,500 psychological level as investors anticipated another bout of volatility tonight as the US markets reopened from an extended weekend.

At midday, the benchmark index was down 2.72 points to 1,496.68, slipping back after a buying surge last Friday.

The broader market retreated with a declining issue to advancing ratio of 1.86-to-1. The day's trading volume remained thin with 867.1 million shares exchanged for RM517.72mil.

Asian markets were mostly firm after bouncing back from early-morning weakness as Trump attacked Federal Reserve chair Jerome Powell in a move that was seen to undermine the independence of the central bank.

The Shanghai composite inedx was up 0.3% to 3,286 while Hong Kong's Hang Seng remained closed for the Easter holiday.

Japan's Nikkei dropped 1.19% to 34,318. Singapore's Straits Times index rose 1.03% to 3,758.

Most actively traded shares on Bursa Malaysia included Ingenieur flat at four sen, NEXG up one sne ot 33 sen and SumiSaujana unchanged at 18.5 sen.

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Bursa Malaysia , KLCI , equities , trading , stock

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