The FBM KLCI finished the first day of March lower, with declines in rubber glove counters pushing the benchmark index downwards. At market close, the index was down 0.67% or 10.61 points at 1,567.14.
At 9.08am, the FBM KLCI dipped 0.11 points to 1,581.43.
The early decliners inluded Malaysian Pacific Industries Bhd, Carlsberg Brewery Malaysia Bhd, KESM Industries Bhd, Euro Holdings Bhd, Unisem (M) Bhd, Ajinomoto (M) Bhd, Pentamaster Corp Bhd, Sarawak Oil Palms Bhd and UWC Bhd.
Bloomberg said global bonds continued to sell off and Asian stocks retreated after a bruising session for US shares and Treasuries.
The dollar strengthened, it said.
Rakuten Trade said fears over higher rates returned to haunt traders as the US 10-year Treasury yield topped 1.6% prompting a sell-off on Wall Street.
The research house said the Dow Jones Industrial Average lost 560 points to close at 31,400 mark while the Nasdaq bore the brunt of the selling declined over 3% to just above the 13,100 level.
KUALA LUMPUR (Feb 26): The main index of Bursa Malaysia remained muted in the mid-morning, while market breadth turned negative in line with lower regional markets.
At 10am, the FBM KLCI was up 0.30 points at 1,581.84. The index earlier slipped to a low of 1,578.92.
Market breadth was negative with 711 losers and 271 gainers, while 349 counters traded unchanged. Trading volume was 2.66 billion shares valued at RM1.43 billion.
The gainers included D&O Green Technologies Bhd, Hong Leong Financial Group Bhd (HLFG), UEM Edgenta Bhd, Press Metal Aluminium Holdings Bhd, Industronics Bhd and MSM Malaysia Holdings Bhd.
The actively traded stocks included XOX Bhd, Puncak Niaga Holdings Bhd, ManagePay Systems Bhd, Industonics, Lion Industries Corp Bhd and MSM Malaysia.
KUALA LUMPUR (Feb 26): The main index at Bursa Malaysia pared some of its loss at the midday break Friday, against the backdrop of skidding regional markets, while technology-related stocks on Bursa Malaysia came under selling pressure.
The fate of technology stocks mirrored the overnight performance at Wall Street where tech darlings all suffered, with Apple Inc, Tesla Inc, Amazon.com Inc, NVIDIA Corp and Microsoft Corp the biggest drags.
At 12.30pm, the FBM KLCI was down 3.78 points to 1,577.76. The index had earlier slipped to a low of 1,577.53.
Market breadth was negative with 617 losers and 202 gainers, while 716 counters traded unchanged. Trading volume was 6.04 billion shares valued at RM3.29 billion.
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