Malaysia: The escalation in tension
between North Korea and US amid the holiday-shortened trading week on the local
front has pushed Bursa Malaysia to open 2.55 points lower at 1,758.59 at the
opening bell.
At 9.05 am, the FTSE Bursa Malaysia
KLCI (FBM KLCI) was 1.54 points easier at 1,759.60. The index finished at
1,761.14 points on Tuesday.
Overall, gainers, however, were
slightly higher at 127 to 107 with 129 counters unchanged, 1,476 untraded and
46 others were suspended.
Alliance DBS, in its note, said the
FBMKLCI would likely trade below the 1,764.07 level today.
Kenanga Investment Bank Bhd said the
local bourse joined other Asian markets to sink into the red yesterday as
investors retreated to safe haven assets after North Korea launched a ballistic
missile test over Japan.
"Yesterday's movement brought the
composite index closer to the 1,764 support level which could potentially woo
bargain hunters to enter the market," it said.
Regionally, equity markets were mixed
except the countries that were directly impacted by North Korea's military move
which were higher this morning.
Japan's Nikkei 225 rose 0.72 per cent
to 19,502.54 while South Korea's Kospi advanced 0.17 per cent at 2,368.69.
Singapore's Straits Times fell 0.56
per cent to 3,249.34 and Hong Kong's Hang Seng declined 0.35 per cent to
27,765.01.
Of the index-linked counters, Maybank
eased three sen to RM9.43, Tenaga lost six sen to RM14.24, Public Bank was two
sen lower at RM20.56 and Sime was one sen better at RM8.99.
CIMB gained three sen to RM6.73.
Among actives, Hubline, KGroup and
Palette were flat at six sen, three sen and 15.5 sen, respectively while Huann
rose 4.5 sen at 8.5 sen, Iris and AAX added half-a-sen each to 17.5 sen and
37.5 sen, respectively.
MPI added 26 sen to RM13.96, PetronM
rose 15 sen to RM8.75, HengYuan edged up 11 sen at RM7.54 while Genting and
MISC both added seven sen each to RM9.72 and RM7.32, respectively.
The FBM Emas Index fell 9.31 points
to 12,519.46, FBMT 100 Index eased 8.68 points to 12,188.89 and the FBM Emas
Shariah Index lost 15.45 points to 12,686.96.
The FBM Ace edge up 40.04 points to
6,555.35 and the FBM 70 was 3.2 points lower at 14,950.38.
Sector-wise, the Industrial Index
rose 3.74 points to 3,187.39 while the Plantation Index contracted 11.46 points
to 7,824.44 and the Finance Index eased 4.18 points to 16,580.25.
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