The Asia-Pacific stock market fell more and rose less this morning, and the results of the Malacca state election did not cause ripples in the Malaysian stock market. The FTSE Bursa Malaysia Composite Index continued its sideways trend. As of 10:30 in the morning, it fell slightly by 0.51 points or 0.01% to 1525.03 points.
With the exception of the Chinese stock market and the South Korean stock market, major Asia-Pacific stock markets fell almost across the board this morning, while the South Korean stock market performed better, rising more than 1%.
As for the Malaysian stocks, half of the constituent stocks of the KLCI fell, dragging down the performance of the KLCI. Qili Industrial (PMETAL, 8869, main board industrial stocks) and Dai Le Group (DIALOG, 7277, main board energy stocks) were among the prominent decliners.
The KLCI opened at 1526.76 points and then moved up to 1528.71 points, but the stamina was insufficient, and the KLCI fell sideways and once touched 1522.71 points. The market maintained a trend of more declines and less rises. There were more than 340 rising stocks, but more than 400 declining stocks.
|Source: Spark Global Limited|
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