Malaysia Stock Market Poised To Extend Losing Streak

RTTNews | Před 821 dny
Malaysia Stock Market Poised To Extend Losing Streak

(RTTNews) - The Malaysia stock market has moved lower in four straight sessions, sinking more than 35 points or 2.6 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,420-point plateau and it's expected to open under pressure again on Tuesday. The global forecast for the Asian markets is mixed to lower on continuing fears of a financial crisis. The European markets were sharply lower and the U.S. bourses were mixed and little changed and the Asian markets figure to follow the latter lead. The KLCI finished modestly lower on Monday as losses from the telecoms and entertainment stocks were mitigated by support from the plantations and a mixed picture from the financials. For the day, the index shed 11.25 points or 0.79 percent to finish at 1,421.83 after trading between 1,409.93 and 1,423.66.

Among the actives, Axiata slumped 0.97 percent, while CIMB Group advanced 0.57 percent, Dialog Group fell 0.42 percent, Digi.com lost 0.46 percent, Genting eased 0.22 percent, Genting Malaysia stumbled 1.13 percent, IHH Healthcare spiked 1.70 percent, INARI declined 1.23 percent, IOI Corporation surged 2.63 percent, Kuala Lumpur Kepong rose 0.19 percent, Maybank collected 0.48 percent, Maxis tumbled 1.27 percent, MISC dropped 0.69 percent, MRDIY plunged 2.35 percent, Petronas Chemicals rallied 1.43 percent, Press Metal gained 0.40 percent, Public Bank was down 0.25 percent, RHB Capital shed 0.53 percent, Sime Darby Plantations added 0.47 percent, Telekom Malaysia retreated 1.21 percent, Tenaga Nasional sank 0.64 percent and PPB Group, Sime Darby, AMMB Holdings and Petronas Dagangan were unchanged.

The lead from Wall Street offers little clarity as the major averages spent most of Monday bouncing back and forth across the unchanged line before finally ending mixed and little changed.

The Dow dropped 90.50 points or 0.28 percent to finish at 31,819.14, while the NASDAQ added 49.96 points or 0.45 percent to close at 11,188.84 and the S&P 500 dipped 5.83 points or 0.15 percent to end at 3,855.76.

The weakness that emerged on Wall Street came on continued concerns over the fallout from the Silicon Valley Bank collapse - which triggered heavy selling, particularly in the banking sector.

Over the weekend, the U.S. Treasury, Federal Reserve, and Federal Deposit Insurance Corporation said they would "fully protect" depositors, including those with assets above the federally guaranteed $250,000 limit, but traders were not reassured.

Investors are also nervous ahead of the ECB meeting and key inflation data due out later this week.

Crude oil prices fell sharply on Monday amid worries that a U.S. banking debacle may follow last week's collapse of Silicon Valley Bank. West Texas Intermediate Crude oil futures settled lower by $1.88 or 2.4 percent at $74.80 a barrel.

read more
Sensex, Nifty Seen Lower As Investors Monitor Trade, Geopolitical Developments

Sensex, Nifty Seen Lower As Investors Monitor Trade, Geopolitical Developments

Indian shares look set to open lower on Thursday as oil prices climbed on signs of rising tensions in the Middle East and U.S. President Donald Trump said he would notify trading partners within the next one to two weeks about the new unilateral tariff rates, with the choice to accept or reject them.
RTTNews | Před 32 minutami
Rally May Stall For Thai Stock Market

Rally May Stall For Thai Stock Market

The Thai stock market has moved higher in back-to-back sessions, collecting more than 6 points or 0.6 percent along the way. The Stock Exchange of Thailand now rests just above the 1,140-point plateau although it may be stuck in neutral on Thursday.
RTTNews | Před 1 h 6 min
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese market is trading notably lower on Thursday, snapping a four-session winning streak, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling well below the 38,200 level, with weakness across most sectors led by automakers, exporters and technology stocks. Financial stocks are the only bright spot.
RTTNews | Před 1 h 28 min
Indonesia Bourse May Extend Wednesday's Losses

Indonesia Bourse May Extend Wednesday's Losses

The Indonesia stock market on Wednesday ended the three-day winning streak in which it had gained almost 190 points or 2.7 percent. The Jakarta Composite Index now rests just above the 7,220-point plateau and the losses may accelerate on Thursday.
RTTNews | Před 1 h 36 min
Australian Market Slightly Higher

Australian Market Slightly Higher

The Australian market is trading slightly higher on Thursday, extending the gains in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving a tad above the 8,600 level, with gains in gold miners and eergy partially offset by weakness in iron ore miners.
RTTNews | Před 1 h 48 min
Hong Kong Bourse May Hand Back Wednesday's Gains

Hong Kong Bourse May Hand Back Wednesday's Gains

The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had rallied almost 750 points or 3.5 percent. The Hang Seng Index now sits just above the 24,360-point plateau and it's likely to remain rangebound on Thursday.
RTTNews | Před 1 h 51 min
Lower Open Anticipated For Taiwan Stock Market

Lower Open Anticipated For Taiwan Stock Market

The Taiwan stock market has moved higher in three straight sessions, accelerating more than 810 points or 3.6 percent along the way. The Taiwan Stock Exchange now sits just above the 22,470-point plateau although it's expected to open under water on Thursday.
RTTNews | Před 2 h 36 min
Continued Consolidation Called For Singapore Shares

Continued Consolidation Called For Singapore Shares

The Singapore stock market has moved lower in two straight sessions, sinking more than 15 points or 0.4 percent along the way. The Straits Times Index now sits just beneath the 3,920-point plateau and it may take further damage on Thursday.
RTTNews | Před 3 h 6 min