Local market sentiment to remain jittery given the ongoing geopolitical conflict, says analyst.
KUALA LUMPUR: Bursa Malaysia extends yesterday’s gains to end at an intraday high today, after recouping earlier losses.
“Back home, we anticipate market sentiment to remain jittery given the ongoing geopolitical conflict in the West Asia region, which has created a wait-and-see sentiment, subsequently impacting market performance negatively. Singapore’s Straits Times Index fell 1.11% to 3,136.62, Hong Kong’s Hang Seng Index trimmed 0.23% to 17,732.52 and China’s SSE Composite slipped 0.80% to 3,058.71.At 5pm, the FBM KLCI rose 2.41 points to end at an intraday high of 1,446.54 from yesterday’s closing of 1,444.13.
Turnover increased to 3.41 billion units worth RM2.71 billion from 2.67 billion units worth RM1.92 billion yesterday. The Main Market volume increased to 2.34 billion units worth RM2.44 billion from 1.4 billion units worth RM1.58 billion yesterday.
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