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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Bursa Malaysia , KLCI , equities , trading , stock

Next In Business News

Ringgit likely to trade within 4.04-4.07 range next week
China equities set to shine
Markets look beyond Venezuela shock
Banking on trust
The puzzling MMAG premium exit that wasn’t
Offering luxury for less
Banks snatch up mortgage bonds
EV dreams, petrol reality
Semiconductors still in US crosshairs
Underrated threat of AI-driven inflation�

Others Also Read