Tuesday, October 1, 2019

Malaysia Positive Today amidst a Muted Trading Environment

Bursa Malaysia was mildly positive on Tuesday amid a muted trading environment as China's week-long holiday for its national day celebrations left investors with few leads.
At 12.30pm, the FBM KLCI was up 1.49 points to 1,585.4. Over the broader stock exchange, trading volume was 943.88 million shares valued at RM464.7mil. There were 332 gainers versus 266 decliners and 343 counters unchanged.




The market was bearish last week and the FBMKLCI fell to its lowest level in 4 years. The bearish performance was in line with bearish global markets performances. Falling commodities prices and weaker Ringgit has contributed to the bearish market sentiment. The FBMKLCI declined 0.8% in a week to 1,584.14 points last Friday.



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