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Here are the latest trading levels for Asia's major stock markets:
Tokyo (Nikkei Average NIK, +0.46% ) up 0.4%
Hong Kong (Hang Seng Index HSI, +0.00% ) down 0.1%
Shanghai (Shanghai Composite Index SHCOMP, +0.30% ) down 0.3%
Sydney (S&P/ASX 200 XJO, +0.56% ) up 0.5%
Seoul (Kospi SEU, -0.09% ) up 0.1%
Taipei (Taiex Y9999, -0.85% ) down 0.4%
MALAYSIA share prices opened lower on Friday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 4.37 points to 1814.05 as at 9.30am.
Volume was about 164 million lots worth RM72 million.
Losers outnumbered gainers 134 to 81.
MALAYSIAN shares ended lower on Thursday with the Kuala Lumpur Composite Index slipping 0.68 points to close at 1,818.42.
Some 2.44 billion lots, valued at RM1.95 billion were traded. Gainers numbered 426 while losers numbered 397.
MARKET UPDATES :
The FBM KLCI index gained 5.06 points or 0.28% on Wednesday. The Finance Index increased 0.48% to 16080.99 points, the Properties Index dropped 0.76% to 1302.55 points and the Plantation Index rose 0.16% to 7807.83 points. The market traded within a range of 11.01 points between an intra-day high of 1823.19 and a low of 1812.18 during the session.
STOCK RECOMMENDATION :
BUY FOCUS LUMBER AT 1.500 – 1.505 TARGET 1.550 1.650 SL 1.450
Public Bank, Eco World Development, Managepay Systems, Poh Kong and Tanjung Offshore could see trading interest on Thursday amid tough market conditions after the overnight plunge on Wall Street, says JF Apex Research.
It said US markets plunged after February durable goods order dropped, indicating weak global demand and stronger US dollar. Similarly, European stocks fell sharply despite better-than-expected business sentiment data in Germany.
At Bursa Malaysia, the FBM KLCI closed up 5.06 points to 1,819.10 to extend its winning streak.
