close
Stock & Shares

Malaysian shares end week lower as China data dampens sentiment

shares

Malaysian shares ended lower this week as China’s disappointing trade data hurt risk appetite, even as buying in select blue chips prevented steeper losses on the benchmark index.

The nation’s benchmark FTSE Bursa Malaysia KLCI fell 0.4% to 1,658.97 points Friday, its lowest since Sept. 30. The index shed 0.4% for the week after trading in a narrow 1,658 to 1,672 range, as investors awaited further cues from the July-September corporate results season.

Telecommunication stocks, IHH Healthcare and CIMB Group Holdings led losses on the KLCI this week, while advance Genting Malaysia, Tenaga Nasional and Petronas Chemicals Group limited the losses

The ringgit ended 0.3% higher at 4.198 against the dollar Friday, but fell 1% for the week weighed down by increasing expectations of a Federal Reserve rate increase this year.

Risk Warning:

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Paul

The author Paul