Today's KLCI Market Review
The FTSE Bursa Malaysia Kuala Lumpur Composite index lost 4.10 points or 0.25% . The Finance Index fell upto 0.45% to 14189.02 points, the Properties Index up 0.24% to 1158.54 points and the Plantation Index down 0.15% to
6994.46 points. The market traded within a range of 13.17 points.
The KLCI closed down at 1635.37 points more than one-week low as Southeast Asian stock markets mostly fell. Market
sentiment remained bearish after ringgit continues to slide and as crude oil prices dropped.
KLCI COUNTER SPECIFIC NEWS:-
1.Malaysia Development has expressed disappointment with Bank Negara Malaysia Governor who apparently singled out the strategic development company for the ringgit's weakness.
2. Foreign selling of Malaysian equities continued for the second day Tuesday with net selling at –RM185.5mil while the market was supported by local funds with local retailers nibbling.
3. Iris Corp expects to see better performance for its financial year ending March 31, 2016 , mainly driven by its trusted identification division, housing project in Papua New Guinea .
4. JAKS Resources has secured US$1.402 billion (RM5.82 billion) in financing to partly fund the construction of a coal-fired thermal power plant project (IPP project) in Hai Duong province, Vietnam.
The FTSE Bursa Malaysia Kuala Lumpur Composite index lost 4.10 points or 0.25% . The Finance Index fell upto 0.45% to 14189.02 points, the Properties Index up 0.24% to 1158.54 points and the Plantation Index down 0.15% to
6994.46 points. The market traded within a range of 13.17 points.
The KLCI closed down at 1635.37 points more than one-week low as Southeast Asian stock markets mostly fell. Market
sentiment remained bearish after ringgit continues to slide and as crude oil prices dropped.KLCI COUNTER SPECIFIC NEWS:-
1.Malaysia Development has expressed disappointment with Bank Negara Malaysia Governor who apparently singled out the strategic development company for the ringgit's weakness.
2. Foreign selling of Malaysian equities continued for the second day Tuesday with net selling at –RM185.5mil while the market was supported by local funds with local retailers nibbling.
3. Iris Corp expects to see better performance for its financial year ending March 31, 2016 , mainly driven by its trusted identification division, housing project in Papua New Guinea .
4. JAKS Resources has secured US$1.402 billion (RM5.82 billion) in financing to partly fund the construction of a coal-fired thermal power plant project (IPP project) in Hai Duong province, Vietnam.
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