The Malaysian stock market was classified as rangebound on Monday

[ASEAN NOW Content Team]

 

Since the end of a seven-day losing streak in which it lost more than 70 points or 4.1 percent, the Malaysian stock market has alternated between positive and negative finishes in the last four trading days.
The Kuala Lumpur Composite Index is now hovering just above the 1,530-point mark, and it's expected to stay there on Monday.

Following recent volatility, the global outlook for Asian markets is hazy, with crude oil prices providing support in an otherwise difficult month.
The European markets were lower, while the stock markets in the United States were mixed and flat, with Asian markets expected to make up the gap.

 

Following losses in banking sectors and plantation companies, the KLCI finished slightly lower on Friday.

After trading between 1,525.64 and 1,543.35, the index fell 7.28 points, or 0.47 percent, to finish the day at 1,532.06.
A total of 4.785 billion shares worth 3.342 billion ringgit were traded.

 

There were 561 losers and 425 winners among the 561 decliners.
Axiata and Public Bank both fell 0.49 percent, while CIMB Group and Press Metal both fell 1.23 percent. Dialog Group rose 1.28 percent, Digi.com rose 0.22 percent, Genting fell 0.79 percent, Genting Malaysia fell 0.97 percent, Hartalega Holdings fell 2.98 percent, IOI Corporation fell 0.53 percent, Kuala Lumpur Kepong fell 1.68 percent, and Maybank fell 0.61 percent, Petronas Chemicals was up 0.37 percent, RHB Capital was down 0.55 percent, Sime Darby Plantations was down 1.63 percent, Telekom Malaysia was down 0.86 percent, Tenaga Nasional was down 1.30 percent, Top Glove was up 3.00 percent, and PPB Group, Sime Darby, IHH Healthcare, and Hong Leong Bank were all flat.

Wall Street's lead is hazy, as the major averages opened lower on Friday, then bounced back and forth across the unaltered line before finishing mixed and little changed.

 

The Dow finished at 34,798.00, up 33.18 points or 0.10 percent, while the NASDAQ fell 4.54 points or 0.03 percent to 15,047.70 and the S&P 500 increased 6.50 points or 0.15 percent to 4,455.48.
The Dow gained 0.6 percent this week, the NASDAQ gained 0.1 percent, and the S&P 500 gained 0.5 percent.

The poor showing on Wall Street was due to concerns about the market's future prospects following recent turbulence.