KUALA LUMPUR (April 6): Bursa Malaysia ended the morning session lower, tracking the performance of its regional peers, despite an overnight rally on Wall Street buoyed by optimism about an economic recovery following streaks of positive economic data.
A survey by the Institute for Supply Management (ISM) yesterday showed activity in the US services industry reaching its highest level on record in March. This came after the country’s positive jobs report last Friday, which beat the forecast with 916,000 jobs added last month.
At the lunch break today, the FBM KLCI was 5.46 points weaker at 1,578.78 from yesterday’s close at 1,584.24.
The index opened 4.03 points higher at 1,588.27, and moved between 1,575.18 and 1,589.06 throughout the morning session.
On the broader market, losers beat gainers 581 versus 350, while 456 counters were unchanged, 744 untraded and nine others suspended.
Total volume stood at 3.71 billion shares worth RM1.75 billion.
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