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 31): Bursa Malaysia ended its half-day trading session on Monday (Jan 31) mixed as investors remained on the sidelines ahead of the Chinese New Year celebrations, an analyst said.
At 12.30pm, the benchmark FBM KLCI settled down 0.51% or 7.75 points at 1,512.27 from 1,520.02 at last Friday's close.
The key index, which opened 0.3 of a point lower at 1,519.72, moved between 1,512.27 and 1,523.63 during the session.
Overall market breadth was positive with gainers outpacing losers 452 to 324, while 372 counters were unchanged, 1,100 untraded, and 52 others suspended.
Total turnover declined to 1.21 billion units valued at RM1.09 billion versus the two billion units worth RM1.54 billion recorded for last Friday’s full-day session.
A dealer said among the indices, the plantation index dropped 114.64 points to 6,535.47, mainly dragged by Sime Darby Plantation Bhd (SDP).
Last Friday, the US Customs and Border Protection issued a notice of finding which determined that certain SDP palm oil products were produced using convict, forced or indentured labour.
SDP shares slid 30 sen to RM3.53, with 5.89 million shares transacted, at Monday’s close.
Among other heavyweights, Malayan Banking Bhd (Maybank) fell four sen to RM8.27, Public Bank Bhd and Petronas Chemicals Group Bhd (PetChem) eased one sen each to RM4.21 and RM8.89 respectively, while IHH Healthcare Bhd advanced five sen to RM6.45.
Of the most active stocks, SMTrack Bhd and AHB Holdings Bhd stayed flat at 16 sen and 13 sen respectively, while Hibiscus Petroleum Bhd gained six sen to RM1.01, Opcom Holdings Bhd rose one sen to RM1.06 and Pertama Digital Bhd added 12 sen to 78.5 sen.
On the index board, the FBM ACE gained 31.18 points to 6,090.21, FBM 70 increased 21.25 points to 13,382.46, FBM Emas Index dropped 28.81 points to 10,872.23, FBMT 100 Index declined 38.25 points to 10,568.91 and the FBM Emas Shariah Index fell 11.49 points to 11,569.10.
Sector-wise, the Financial Services Index perked up 15.52 points to 15,779.64, the Industrial Products and Services Index was 0.86 of a point firmer at 200.41, and the Plantation Index climbed 17.93 points to 6,650.11.
Main Market volume decreased to 796.41 million shares worth RM951.35 million from last Friday’s 1.21 billion shares valued at RM1.3 billion.
Warrant turnover narrowed to 128.98 million units valued at RM15.01 million, compared with 259.79 million units valued at RM31.15 million last Friday.
ACE Market volume narrowed to 286.891 million shares worth RM124.71 million against 524.78 million shares worth RM202.22 million previously.
Consumer products and services counters accounted for 237.44 million shares traded on the Main Market, followed by industrial products and services (148.24 million), construction (28.46 million), technology (93.06 million), special purpose acquisition companies (nil), financial services (39.12 million), property (39.02 million), plantation (26.39 million), real estate investment trusts (3.29 million), closed/fund (5,000), energy (106.64 million), healthcare (39.41 million), telecommunications and media (15.11 million), transportation and logistics (14.63 million), and utilities (5.61 million).
Bursa will be closed on Tuesday and Wednesday for the Chinese New Year holiday, and resume trading on Thursday (Feb 3).
Source: The Edge
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