KUALA LUMPUR, Jan 8 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) reversed yesterday’s gains to close lower on Wednesday as investors took profit amid the negative performance of regional peers. At 5 pm, the FBM KLCI fell 14.96 points or 0.92 per cent to end at its intraday low of 1,614.83 from Tuesday’s close of 1,629.79. The benchmark index opened 0.87 of-a-point easier at 1,628.92 and hit an intraday high of 1,631.15 during the early morning session. Decliners trounced advancers 827 to 285 on the broader market, while 497 counters were unchanged, 761 untraded, and 10 others suspended. Turnover narrowed to 3.59 billion units valued at RM3.06 billion against Tuesday’s 3.91 billion units valued at RM3.29 billion. UOB Kay Hian Wealth Advisors head of investment research Mohd Sedek Jantan noted that major Asian indices followed Wall Street’s downbeat performance, driven by t...
KUALA LUMPUR (Jan 21): Bursa Malaysia ended the week lower, with the key index easing by 0.05% amid cautious investors’ sentiment.
At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) shed 0.69 of-a-point to 1,527.06 from 1,527.75 at Thursday’s close after opening 1.06 points higher at 1,528.81.
The key index fluctuated between 1,520.8 and 1,531.25 throughout the trading session.
The overall market breadth was negative with decliners outpacing advancers 575 to 334, while 442 counters were unchanged, 884 untraded, and 12 others suspended.
Total turnover eased to 2.64 billion units worth RM1.98 billion versus Thursday’s 3.39 billion units worth RM2.25 billion.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the FBM KLCI continued to trend lower as a result of regional selldown.
“Regionally, key indices closed broadly lower as Wall Street took a knock overnight, hurt by lingering concerns over the US Federal Reserve’s tightening and weaker-than-expected economic and earnings data,” he told Bernama.
Hong Kong’s Hang Seng Index added 0.05% to 24,965.55, Singapore’s Straits Times Index eased 0.19% to 3,288.87 and Japan’s Nikkei 225 fell 0.9% to 27,522.26.
Among Bursa Malaysia’s heavyweights, Public Bank Bhd gained one sen to RM4.18, IHH Healthcare Bhd rose two sen to RM6.57, CIMB Group Holdings Bhd advanced five sen to RM5.30, Tenaga Nasional Bhd went up three sen to RM9.10, Malayan Banking Bhd was flat at RM8.28, Petronas Chemicals Group Bhd trimmed six sen to RM8.89 and Hong Leong Bank Bhd slipped 14 sen to RM19.20.
Of the actives, Dagang NeXchange Bhd was two sen higher at 98.5 sen, Matang Bhd firmed one sen to 10 sen, G3 Global Bhd and Ageson Bhd were flat at eight sen and 2.5 sen respectively, while SMTrack Bhd fell three sen to 19 sen and Sapura Energy Bhd inched down half-a-sen to 4.5 sen.
On the index board, the FBM Emas Index decreased 21.36 points to 10,959.25, the FBM Emas Shariah Index slid 41.15 points to 11,661.2, the FBM ACE reduced 36.61 points to 6,124.52, the FBM 70 went down 90.47 points to 13,474.83, and the FBMT 100 Index slipped 19.77 points to 10,665.45.
Sector-wise, the Financial Services Index decreased 2.22 points to 15,776.61, the Industrial Products and Services Index inched down 0.41 of-a-point to 200.83, and the Plantation Index expanded by 20.29 points to 6,699.28.
The Main Market volume went down to 1.68 billion shares worth RM1.74 billion from Thursday’s 2.11 billion shares worth RM1.88 billion.
Warrants turnover declined to 327.74 million units worth RM33.17 million from 378.96 million units worth RM43.54 million on Thursday.
The ACE Market volume dwindled to 623.79 million shares worth RM206.02 million against 897.06 million shares worth RM324.49 million on Thursday.
Consumer products and services counters accounted for 302.6 million shares traded on the Main Market, industrial products and services (405.26 million), construction (99.12 million), technology (406.15 million), SPAC (nil), financial services (47.51 million), property (119.23 million), plantation (9.8 million), REITs (7.12 million), closed/fund (11,000), energy (172.13 million), healthcare (44.67 million), telecommunications and media (25.58 million), transportation and logistics (27.8 million), and utilities (16.86 million).
Source: The Edge
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