Malaysia’s benchmark index retreated as profit-taking in key heavyweights weighed on sentiment, while overall market activity remained active. Summary FBM KLCI fell 0.83% to 1,684.93 , dragged by losses in banking and selected large-cap names, despite steady trading participation. Market Performance FBM KLCI : 1,684.93 (-0.83%) FBM Mid 70: -0.00% (flat) FBM Small Cap: -0.23% FBM ACE: +0.20% Broad market was mixed , with weakness concentrated in large caps. Market Breadth & Trading Activity Total volume: 3.54 billion shares Total value: RM4.19 billion Gainers: 456 Losers: 678 Unchanged: 550 Market breadth turned negative , reflecting cautious sentiment. Top Movers – KLCI Gainers Axiata (6888.MY) +1.54% Petronas Gas (6033.MY) +1.18% Sunway (5211.MY) +1.15% Losers Hong Leong Bank (5819.MY) -3.29% Maybank (1155.MY) -3.02% CIMB (1023.MY) -2.47% Banking sector weakness was the main ...
KUALA LUMPUR (April 11): The FBM KLCI rose 8.91 points or 0.5% while volume across Bursa Malaysia exceeded four billion shares amid certainty on Malaysia's 14th general election (GE14) timing.
Yesterday, the Election Commission announced that GE14's polling date will be on May 9 while the nomination date is on April 28. At a press conference, Election Commission chairman Tan Sri Mohd Hashim Abdullah said the election writ would be issued today (April 11) while early voting will be held on May 5.
Today, the Prime Minister's Office said in a statement the Government has declared GE14 polling day on May 9 as an additional public holiday to enable Malaysians to fulfill their obligation as voters.
At 5pm, the KLCI closed at 1,869.89 as Bursa Malaysia's small-cap and technology indices gained 1.43% and 2.07% respectively. Across Bursa Malaysia, 4.65 billion shares worth RM3.21 billion changed hands.
Areca Capital Sdn Bhd chief executive officer Danny Wong told theedgemarkets.com that as "GE14's date is now certain, the market is moving ahead strongly.”
Rakuten Trade Sdn Bhd vice president of research Vincent Lau said the "strong momentum seen in the Malaysian stock market is across the board and is led by the small and mid-cap stocks."
Source: The Edge
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