KUALA LUMPUR: Bursa Malaysia sank into the red at closing with over 1,100 counters falling as heavy selling continued to bash down blue chips and small-cap stocks.
Market breadth turned negative as losers hammered gainers on a ratio of 1,119-to-231 stocks. Traded volumes stood at 7.48 billion shares worth RM5.16bil. Adding to the downbeat note, foreign funds are back in selling mode. Foreign funds turned net sellers last week with net outflow of RM288.13mil against a net buying of RM326.06mil in the preceding week.China’s blue-chip CSI300 index rose 1% to 5,625.92, while the Shanghai Composite Index added 0.5% to 3,624.24. Hong Kong’s Hang Seng index closed 2.4% firmer at 30,159.01, while the China Enterprises Index also gained 2.4% to 11,960.49. South Korea’s Kospi index rose 2.18%, to 3,208.
Well, that’s not good.