bursa malaysia ends higher
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ONDON, Oct 16 — A sharp sales slowdown in Hong Kong and China led Britain’s Burberry to miss sales growth forecasts yesterday and warn of an increasingly challenging environment for luxury goods sales, hammering its shares to a near three-year low.The brand, famous for its trench coats and cashmere scarves, highlighted increased Chinese and global stock market volatility, currency swings and concerns over slowing economic growth as negative factors.“We believe this affected the confidence of and thus demand from luxury consumers, and especially the Chinese customers in some of our key markets,” Chief Financial Officer Carol Fairweather told reporters.Burberry shares, down more than 8 per cent at 1,303 pence by 1345 GMT, had fallen as low as 1,236p, their lowest since December 2012 and wiping about £700 million (RM4.45 billion) off its market value.Comparable store sales fell 4 per cent in the three months to the end of September after a rise of 6 per cent in the previous quarter.For the six months to the end of September, comparable store sales growth was 1 per cent versus analysts’ consensus of 5 per cent.Burberry saw a mid single-digit per centage decline in comparable-store sales in Asia Pacific, which includes Hong Kong and mainland China, where sales were down more than 20 per cent and around 5 per cent respectively.Hong Kong and Chinese shoppers account for between- See more at: http://www.themalaymailonline.com/money/article/burberry-shares-tumble-as-china-slowdown-hits-sales-growth#sthash.gmrB6EQt.dpufTRANSCRIPT
Bursa Malaysia ends higherThursday October 15, 201506:38 PM GMT+8ICYMIProjekMMO: Siapakah idola TMJ? Sultan Johor dan Fidel CastroThe Edit: Watch what happens when pills dissolve in waterThe Edit: Selena Gomez loved being linked to Cara DelevingneIndonesia launches biggest operation to combat firesAdvertisement0001TOOLS INCREASE TEXT DECREASE TEXT RESET TEXT PRINT ARTICLEAt 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was up 2.11 points to 1,713.25 after moving between 1,706.87 and 1,721.34 throughout the day. Reuters picKUALA LUMPUR, Oct 15 Bursa Malaysia ended higher today on foreign buying interest in selected heavyweights, dealers said.At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was up 2.11 points to 1,713.25 after moving between 1,706.87 and 1,721.34 throughout the day.A dealer said the positive trend in the local bourse was in tandem with the uptrend in regional bourses.According to Standard Chartereds special report, titled Equity flows A break from the gloom, Malaysia, which had seen bigger relative outflows in equity previously, has attracted greater inflows in the past week.A reversal in risk sentiment had led to inflows into Malaysia and across the region, the financial institution said, adding that Malaysia, together with Indonesia and Taiwan, were attracting the biggest inflows relative to foreign exchange volume, after seeing the biggest relative outflows in the period since June 2015.The bank said flows into Asian equities had turned positive after the weak September US payrolls report.Among the heavyweights, Gas Malaysia rose 10 sen to RM2.49, Axiata expanded seven sen to RM6.45, MAHB improved 16 sen to RM5.42, Top Glove appreciated 39 sen to RM8.44, while Maxis was flat at RM6.82.Among actives, Xox Bhd went up three sen higher to 19 sen, Frontken added 1.5 sen to 21.5 sen, AirAsia rose one sen to RM1.46, while Ecofirst and Iris Corp were both flat at 28 sen and 26 sen, respectively.Market breadth was positive with gainers outpacing losers by 476 to 376, while 323 counters were unchanged, 632 untraded and 17 others were suspended.Volume decreased to 2.40 billion shares worth RM2.53 billion from 2.47 billion shares worth RM2.45 billion yesterday.Among top gainers were Ajiya Bhd (+53 sen to RM3.69), British American Tobacco (+38 sen to RM63.10), Nestle (+32 sen to RM73.92) and Kossan Rubber (+29 sen to RM8.31) while top losers were Gamuda (-14 sen to RM4.65), Scientex (-10 sen to RM7.60) and Lii Hen Industries (-10 sen to RM2.25).On the scoreboard, the FBM Emas Index rose 10.35 points to 11,781.1, FBM Ace advanced 68.18 points to 6,030.01 and the FBMT100 Index surged 10.72 points to 11,488.52.The FBM Emas Shariah Index rose 1.59 points to 12,532.44. The FBM 70 fell 0.93 of-a-point to 12,705.58.Sector-wise, the Finance Index increased 75.42 points to 14,660.65 and the Industrial Index advanced 1.35 points to 3,320.78.The Plantation Index, however, eased 35.44 points to 7,461.94.Main Market volume fell to 1.26 billion units worth RM2.3 billion from 1.45 billion units worth RM2.25 billion yesterday.Turnover on the ACE Market rose to 673.97 million shares valued at RM150.06 million from 638.87 million shares valued at RM137.74 million previously.Warrants expanded to 458.62 million units worth RM78.81 million from 372.91 million units worth RM63.11 million yesterday.Consumer products accounted for 66.09 million shares traded on the Main Market, industrial products (234.87 million), construction (95.91 million), trade and services (562.83 million), technology (28.92 million), infrastructure (23.89 million), SPAC (15.14 million), finance (64.04 million), hotel (1.43 million), properties (138.82 million), plantations (27.61 million), mining (21,000), REITs (seven million) and closed/fund (25,000). Bernama0001by TaboolaRecommended
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