Market Daily Report: Bursa Malaysia dips slightly on last trading day of third quarter, with key index down

KUALA LUMPUR (Sept 30): Bursa Malaysia ended the last trading day of the third quarter of the year on a slight dip, after roller-coaster trading all day long. 

At 5pm on Friday (Sept 30), the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 2.87 points or 0.21% to settle at 1,394.63, from Thursday’s close of 1,397.50.   

The benchmark index opened 2.21 points easier at 1,395.29 and subsequently moved between 1,390.41 and 1,402.23 throughout the day.     

On the broader market, decliners outpaced gainers 462 to 358, while 408 counters were unchanged, 1,155 untraded, and 37 others suspended.

Total turnover decreased to 2.08 billion units worth RM1.91 billion, from 2.28 billion units worth RM1.86 billion on Thursday.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the near term market sentiment remains jittery due to uncertain regional and global performance.

“However, we believe bargain hunting may prevail going forward, as the FBM KLCI remains in an oversold position,” he told Bernama.

Regionally, Singapore’s Straits Times Index rose 0.63% to 3,134.56, Japan’s Nikkei 225 Index slid 1.83% to 25,937.21, and Hong Kong’s Hang Seng Index advanced 0.33% to 17,222.83.

Among Bursa Malaysia’s heavyweight stocks, Maybank grew two sen to RM8.58, Public Bank gained three sen to RM4.23, and Hong Leong Bank advanced 22 sen to RM20.50.

Petronas Chemicals was flat at RM8.39, while CIMB and IHH Healthcare declined two sen each, CIMB to RM5.13 and IHH Healthcare to RM5.90.

Of the actives, Top Glove increased four sen to 62.5 sen, PT Resources went up 2.5 sen to 46 sen, AT Systematization was flat at one sen and MY E.G. Services Bhd (MyEG) inched down half-a-sen to 85 sen.

On the index board, the FBM Emas Index declined 4.58 points to 9,976.86, the FBM 70 improved 46.23 points to 12,201.81, and the FBMT 100 Index declined 6.41 points to 9,728.7.  

The FBM Emas Shariah Index trimmed 33.82 points to 10,008.03, and the FBM ACE eased 2.18 points to 4,657.87.    

Sector-wise, the Energy Index slipped 1.32 points to 670.18, the Plantation Index dropped 30.74 points to 6,473.76, the Financial Services Index went up 40.11 points to 15,922.45, and the Industrial Products and Services Index trimmed 0.10 of-a-point to 169.87.   

The Main Market volume depreciated to 1.19 billion shares worth RM1.65 billion, against Thursday’s 1.46 billion shares worth RM1.57 billion.

Warrants turnover stood at 258.61 million units valued at RM50.33 million, from 228.98 million units valued at RM41.72 million on Thursday.  

The ACE Market volume increased to 626.22 million shares worth RM209.75 million, from 583.68 million shares worth RM251.01 million.    

Consumer products and services counters accounted for 160.85 million shares traded on the Main Market, industrial products and services (329.09 million), construction (61.80 million), technology (111.89 million), SPAC (nil), financial services (78.19 million), property (71.39 million), plantation (22.33 million), REITs (7.60 million), closed/fund (nil), energy (74.53 million), healthcare (160.48 million), telecommunications and media (43.54 million), transportation and logistics (36.171 million), and utilities (32.99 million).

Source: The Edge

Market Daily Report: Bursa Malaysia reverses earlier gains to end lower on Sept 29, KLCI drops below 1,400 mark

KUALA LUMPUR (Sept 29):  Bursa Malaysia reversed earlier gains to close in negative territory on Thursday (Sept 29), with the benchmark index falling below the 1,400-psychological mark due to a lack of buying support, said an analyst.   

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 4.39 points or 0.31% to settle at 1,397.5, after opening 5.5 points higher at 1,407.39. 

The benchmark index, which opened 5.5 points higher at 1,407.39, moved between 1,395.81 and 1,410.76 throughout the day.     

On the broader market, decliners outpaced gainers 499 to 343, while 412 counters were unchanged, 1,147 untraded, and 57 others suspended.

Total turnover increased to 2.28 billion units worth RM1.86 billion, from Wednesday’s 2.14 billion units worth RM2.06 billion.   

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng expects investors’ sentiment to remain jittery for the moment due to continuous selling by foreign funds and external factors such as increasing market risks and volatility in global markets, amid the multi-year high inflation in the United States.

“On the other hand, the FBM KLCI remained in an oversold position after recent heavy selldowns. We expect the benchmark index to consolidate within the range of 1,390-1,405 towards the weekend,” he told Bernama.

Meanwhile, key regional indices ended mixed despite overnight gains on Wall Street. 

“Gains are capped by growing fears that aggressive interest rate hikes this year by the US Federal Reserve and central banks in Europe and Asia to cool inflation that is at multi-decade highs, might tip the global economy into recession,” said Thong. 

Regionally, Singapore’s Straits Times Index rose 0.14% to 3,120.79, Japan’s Nikkei 225 Index widened 0.95% to 26,422.05, Hong Kong’s Hang Seng Index declined 0.49% to 17,165.87, and Indonesia’s Jakarta Composite Index went down 0.58% to 7,036.20.

Among Bursa Malaysia’s heavyweight stocks, Petronas Chemicals added two sen to RM8.39, CIMB advanced four sen to RM5.15, Maybank and Press Metal were flat at RM8.56 and RM4 respectively, while Public Bank slipped six sen to RM4.20, IHH Healthcare shed one sen to RM5.92, and TNB dipped 15 sen to RM8.25.

Of the actives, PT Resources and MY E.G. Services Bhd (MyEG) went up two sen each to 43.5 sen and 85.5 sen, NWP was flat at 24.5 sen, Top Glove and Velesto both edged down half-a-sen to 58.5 sen and 11 sen, while Cnergenz gave up four sen to RM1.04. 

On the index board, the FBM Emas Index declined 28.01 points to 9,981.44, the FBM 70 eased 11.07 points to 12,155.58, and the FBMT 100 Index declined 25.40 points to 9,735.11. 

The FBM Emas Shariah Index trimmed 31.92 points to 10,041.85, and the FBM ACE gained 4.15 points to 4,660.05.   

Sector-wise, the Energy Index added 1.18 points to 671.5, the Plantation Index advanced 45.42 points to 6,504.5, the Financial Services Index tumbled 41.28 points to 15,882.34, and the Industrial Products and Services Index eased 0.18 of-a-point to 169.97.   

The Main Market volume appreciated to 1.46 billion shares worth RM1.57 billion, from Wednesday’s 1.31 billion shares worth RM1.77 billion.  

Warrants turnover stood at 228.98 million units valued at RM41.72 million, from 295.14 million units valued at RM45.78 million the day before.  

The ACE Market volume increased to 583.68 million shares worth RM251.01 million, from 541.51 million shares worth RM243.68 million on Wednesday.    

Consumer products and services counters accounted for 222.70 million shares traded on the Main Market, industrial products and services (412.36 million), construction (37.38 million), technology (132.18 million), SPAC (nil), financial services (78.13 million), property (89.33 million), plantation (18.75 million), REITs (6.04 million), closed/fund (20,000), energy (203.97 million), healthcare (184.92 million), telecommunications and media (24.09 million), transportation and logistics (30.91 million) and utilities (20.44 million).

Source: The Edge

Market Daily Report: Bursa Malaysia ends broadly lower amid global recession concerns

KUALA LUMPUR (Sept 28): Bursa Malaysia ended broadly lower on Wednesday (Sept 28), with the benchmark index heading towards the 1,400 psychological level, in tandem with regional markets amid growing concerns about a global recession.  

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 8.98 points or 0.64% to settle at 1,401.89, from Tuesday’s close of 1,410.87.   

The benchmark index, which opened 3.55 points easier at 1,407.32, moved between 1,400.41 and 1,409.13 throughout the day.     

 On the broader market, decliners trounced gainers 644 to 233, while 344 counters were unchanged, 1,177 untraded, and 38 others suspended.

Total turnover eased to 2.14 billion units worth RM2.06 billion, from Tuesday’s 2.28 billion units worth RM1.92 billion.   

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said market sentiment in the domestic market has remained jittery, given the heightened market volatility, although bargain hunting may prevail.

“However, we believe the FBM KLCI remained in an oversold position at the present level.

“Hence, we expect the FBM KLCI to trend within the range of 1400-1,420 for the remaining of the week.

“From a technical point of view, immediate support will be seen at 1,400, while resistance at 1,465,” he told Bernama.

Regionally, Singapore's Straits Times Index fell 1.49% to 3,117.30, Japan’s Nikkei 225 Index slid 1.50% to 26,173.98, and Hong Kong’s Hang Seng Index tumbled 3.41% to 17,250.88. 

“Regional key indices closed sharply lower, as the US Treasury yields have advanced sharply on expectations of further acceleration in the interest rates by the US Federal Reserve,” said Thong. 

Among Bursa Malaysia’s heavyweight stocks, Public Bank advanced five sen to RM4.26, Petronas Chemicals and IHH Healthcare added two sen each to RM8.37 and RM5.93 respectively, while Press Metal Aluminium was flat at RM4. Maybank eased one sen to RM8.56.  

Of the actives, PT Resources rallied 4.5 sen to 41.5 sen, Serba Dinamik was flat at 2.5 sen, and Top Glove declined two sen to 59 sen. SNS Network discounted one sen to 27 sen, and Sapura Energy inched down half a sen to four sen. 

On the index board, the FBM Emas Index declined 70.49 points to 10,009.45, the FBM 70 eased 80.66 points to 12,166.65, and the FBMT 100 Index declined 63.0 points to 9,760.51.

The FBM Emas Shariah Index fell 102.79 points to 10,073.77, and the FBM ACE shed 52.48 points to 4,655.9.  

Sector-wise, the Energy Index was 16.83 points easier at 670.32, the Plantation Index tumbled 121.0 points to 6,459.08, the Financial Services Index gave up 30.94 points to 15,923.62, and the Industrial Products and Services Index eased 1.54 points to 170.15.  

The Main Market volume eased slightly to 1.31 billion shares worth RM1.77 billion, against Tuesday's 1.34 billion shares worth RM1.54 billion. 

Warrants turnover stood at 295.14 million units valued at RM45.78 million, from 272.64 million units valued at RM40.33 million on Tuesday.  

The ACE Market volume decreased to 541.51 million shares worth RM243.68 million, from 667.40 million shares worth RM340.86 million.    

Consumer products and services counters accounted for 187.63 million shares traded on the Main Market, industrial products and services (330.44 million), construction (46.98 million), technology (127.22 million), SPAC (nil), financial services (94.21 million), property (103.23 million), plantation (32.66 million), REITs (11.95 million), closed/fund (nil), energy (153.90 million), healthcare (142.29 million), telecommunications and media (27.13 million), transportation and logistics (28.80 million), and utilities (20.23 million).

Source: The Edge

Market Daily Report: KLCI ends lower in mixed session

KUALA LUMPUR (Sept 27): Trading on Bursa Malaysia ended mixed on Tuesday (Sept 27), with the benchmark index declining by 0.15%.

At 5pm, the benchmark FBM KLCI settled 2.17 points lower at an intraday low of 1,410.87, from Monday's close at 1,413.04.  

The benchmark index, which opened 0.18 of a point easier at 1,412.86, had reached an intraday high of 1,420.27.

On the broader market, gainers led decliners 427 to 392, while 406 counters were unchanged, 1,172 untraded, and 20 others suspended.

Total turnover increased to 2.28 billion units worth RM1.92 billion from Monday's 2.12 billion units worth RM1.85 billion.  

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the local bourse remained in cautious mode, but bargain-hunting activities took place, given the attractive valuations at the moment.

"The KLCI remains in an oversold position at the present level. In view of the greater volatility, we anticipate the KLCI to trend within a wider range of 1,410-1,440 for the remaining of the week, with immediate support at 1,410 and resistance at 1,465,” he told Bernama.

Among the heavyweights, Petronas Chemicals Group Bhd advanced three sen to RM8.35, Tenaga Nasional Bhd (TNB) gained two sen to RM8.72, and Press Metal Aluminium Holdings Bhd added one sen to RM4.

Malayan Banking Bhd (Maybank) fell two sen to RM8.57, Public Bank Bhd reduced seven sen to RM4.21, CIMB Group Holdings Bhd slipped five sen to RM5.25, and IHH Healthcare Bhd lost four sen to RM5.91.

Of the actives, ACE Market debutant PT Resources Holdings Bhd rose one sen to 37 sen, CSH Alliance Bhd edged up half a sen to 3.5 sen, and Cnergenz Bhd jumped 10 sen to RM1.12. 

UMediC Group Bhd advanced seven sen to 87 sen, Top Glove Corp Bhd fell 2.5 sen to 61 sen, and Velesto Energy Bhd inched down half a sen to 11.5 sen.  

On the index board, the FBM Emas Index declined 13.76 points to 10,079.94, the FBM 70 eased 22.96 points to 12,247.31, and the FBMT 100 Index declined 15.95 points to 9,823.51.

The FBM Emas Shariah Index widened by 24.6 points to 10,176.56, and the FBM ACE improved 47.26 points to 4,708.38. 

Sector-wise, the Energy Index was 4.8 points higher at 687.15, the Plantation Index shrank 22.09 points to 6,580.08, the Financial Services Index dipped 134.63 points to 15,954.56, and the Industrial Products and Services Index gained 1.79 points to 171.69. 

The Main Market volume eased to 1.34 billion shares worth RM1.54 billion, against 1.42 billion shares worth RM1.64 billion on Monday.  

Warrant turnover stood at 272.64 million units valued at RM40.33 million, from Monday’s 272.54 million units valued at RM43.63 million. 

The ACE Market volume increased to 667.4 million shares worth RM340.86 million, from 422.84 million shares worth RM162.81 million.   

Consumer product and service counters accounted for 139.71 million shares traded on the Main Market, followed by industrial products and services (467.8 million), construction (32.04 million), technology (123.36 million), special purpose acquisition companies (nil), financial services (88.74 million), property (95.89 million), plantation (20.61 million), real estate investment trusts (8.80 million), closed/funds (nil), energy (124.30 million), healthcare (174.71 million), telecommunications and media (27.96 million), transportation and logistics (22.08 million), and utilities (16.54 million).

Source: The Edge

Market Daily Report: Bursa ends broadly lower, mirroring regional markets

KUALA LUMPUR (Sept 26): Bursa Malaysia ended broadly lower on Monday (Sept 26), tracking regional peers amid the weak sentiment globally, said an analyst. 

At 5pm, the benchmark FBM KLCI had slipped 11.94 points, or 0.84%, to 1,413.04 from last Friday’s close at 1,424.98. 

The benchmark index opened 1.15 points easier at an intraday high of 1,423.83, and reached an intraday low of 1,411.48 in early trading. 

On the broader market, decliners hammered gainers 780 to 164, while 321 counters were unchanged, 1,132 untraded, and nine others suspended.

Total turnover swelled to 2.12 billion units worth RM1.85 billion, compared with 1.84 billion units worth RM1.57 billion last Friday. 

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said key regional indices closed broadly lower on Monday due to continuing global recession fears.

He noted that concerns about the outlook for the global economy continued to weigh on equity markets after aggressive interest rate hikes by central banks around the world.

“We remain cautious, and believe that the near-term direction of the local market is still very much dependent on global [factors]. Notwithstanding this, we reckon that the local market is oversold, hence providing opportunities for investors to accumulate stocks at attractive levels given their cheaper valuations.

“We anticipate the index to trend within the range of 1,410 to 1,440 for the week, with immediate support at 1,410 and resistance at 1,465,” he told Bernama. 

Regionally, Japan's Nikkei 225 tumbled 2.66% to 26,431.55, Hong Kong's Hang Seng Index fell 0.44% to 17,855.14, and Singapore’s Straits Times Index lost 1.31% to 3,183.69. 

Meanwhile, Bursa heavyweight counters IHH Healthcare Bhd jumped 15 sen to RM5.95, Tenaga Nasional Bhd (TNB) was flat at RM8.70, and Malayan Banking Bhd (Maybank) contracted 10 sen to RM8.59.

Public Bank Bhd eased six sen to RM4.28, Petronas Chemicals Group Bhd slid three sen to RM8.32, and CIMB Group Holdings Bhd trimmed nine sen to RM5.30. 

Of the actives, Aimflex Bhd was flat at 15 sen, Velesto Energy Bhd eased one sen to 12 sen and Ta Win Holdings Bhd too dropped by one sen to five sen, while Hibiscus Petroleum Bhd shed four sen to 86 sen.

On the index board, the FBM Emas Index dipped 103.68 points to 10,093.70, the FBM 70 dropped 161.52 points to 12,270.27, and the FBMT 100 Index declined 94.16 points to 9,839.46.

The FBM Emas Shariah Index fell 86.24 points to 10,151.96, and the FBM ACE plunged 105.51 points to 4,661.12.

Sector-wise, the Energy Index was 30.29 points easier at 682.35, the Plantation Index shrank 162.54 points to 6,602.17, the Financial Services Index went down 179.38 points to 16,089.19, and the Industrial Products and Services Index gave up 2.30 points to 169.90.

The Main Market volume stood at 1.42 billion shares worth RM1.64 billion against 1.29 billion shares worth RM1.37 billion last Friday. 

Warrants turnover widened to 272.54 million units valued at RM43.63 million from 197.29 million units valued at RM29.44 million previously.

The ACE Market volume advanced to 422.84 million shares worth RM162.81 million from 353.22 million shares worth RM177.11 million last Friday.  

Consumer product and service counters accounted for 209.17 million shares traded on the Main Market, followed by industrial products and services (362.21 million), construction (33.56 million), technology (138.14 million), special purpose acquisition companies (nil), financial services (90.1 million), property (88.25 million), plantation (31.69 million), real estate investment trusts (75.25 million), closed/funds (4,800), energy (264.90 million), healthcare (110.05 million), telecommunications and media (25.64 million), transportation and logistics (40.25 million), and utilities (21.95 million).

Source: The Edge

Market Daily Report: Bursa ends at intraday low on worries over global economic outlook

KUALA LUMPUR (Sept 23): Bursa Malaysia ended at an intraday low on Friday (Sept 23), with selling pressure seen across the board on concerns over the global economic outlook amid rising interest rates worldwide, a dealer said.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 14.18 points, or 0.99%, to 1,424.98 from Thursday's close of 1,439.16.

The benchmark index opened 0.05 of a point easier at 1,439.11, hitting a high of 1,440.29 in early trading.

On the broader market, decliners thumped gainers 540 to 278, while 378 counters were unchanged, 1,202 untraded, and nine others suspended.

Total turnover fell to 1.84 billion units worth RM1.57 billion compared with 2.17 billion units worth RM1.68 billion on Thursday.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said regional key indices fell further as rising interest rates across the globe threatened to destabilise economic growth, weighing on risk appetite.

The FBM KLCI trended lower in thin volume as investors seemed reluctant to make more significant moves in the absence of buying catalysts as the market undertone remained jittery amid heightened global market risks and volatility, he told Bernama.

"Weaker crude oil and commodity prices took a toll on energy and commodity-related shares, weighing on market sentiment.

"We prefer to stay cautious over the short term although bargain hunting may prevail as the FBM KLCI is nearing oversold. As such, we see the benchmark index trending within a wider range of between 1,420 [and] 1,450 next week," he said.

Regionally, Hong Kong's Hang Seng Index fell 1.18% to 17,933.27, and Singapore’s Straits Times Index was 0.95% lower at 3,231.95.

South Korea’s Kospi slipped 1.81% to 2,290 while Shanghai’s SSE index fell 0.66% to 3,088.37.

Bursa heavyweight counters Malayan Banking Bhd (Maybank) dropped two sen to RM8.69, Public Bank Bhd shed five sen to RM4.34, Petronas Chemicals Group Bhd fell 15 sen to RM8.35, and IHH Healthcare Bhd lost 20 sen to RM5.80. CIMB Group Holdings Bhd improved one sen to RM5.39.

Of the actives, Top Glove Corp Bhd improved two sen to 65 sen, Velesto Energy Bhd edged up half-a-sen to 13 sen, while Cypark Resources Bhd rose half-a-sen to 43 sen. Ta Win Holdings Bhd's warrants eased half-a-sen to 1.5 sen, and Sapura Energy Bhd was flat at four sen.

On the index board, the FBM Emas Index decreased 96.17 points to 10,197.38, the FBM 70 dropped 122.51 points to 12,431.79, the FBMT 100 Index declined 98.63 points to 9,933.62, the FBM Emas Shariah Index fell 120.02 points to 10,238.2, and the FBM ACE gave up 52.02 points to 4,766.63.

Sector-wise, the Energy Index was 7.23 points easier at 712.64, the Plantation Index shrank 79.98 points to 6,764.71, the Financial Services Index dipped 65.88 points to 16,268.57, and the Industrial Products and Services Index shed 2.04 points to 172.2.

The Main Market volume stood at 1.29 billion shares worth RM1.37 billion compared to 1.29 billion shares worth RM1.32 billion on Thursday.

Warrants turnover shrank to 197.29 million units valued at RM29.44 million from 232.67 million units valued at RM34.08 million previously.

The ACE Market volume fell to 353.22 million shares worth RM177.11 million from 646.22 million shares worth RM320.02 million on Thursday.

Consumer products and services counters accounted for 158.79 million shares traded on the Main Market, industrial products and services (405.51 million), construction (39.46 million), technology (114.95 million), SPAC (nil), financial services (67.81 million), property (74.33 million), plantation (16.08 million), REITs (8.83 million), closed/fund (20,000), energy (209.22 million), healthcare (126.61 million), telecommunications and media (19.22 million), transportation and logistics (40.92 million) and utilities (11.23 million).

Source: The Edge

Market Daily Report: Bursa ends lower after US rate hike spurs global selldown

KUALA LUMPUR (Sept 22): Bursa Malaysia ended lower on Thursday (Sept 22), joining the global selldown on equities after the US Federal Reserve (Fed) hiked interest rates to curb rampant inflation.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 8.02 points, or 0.55%, to 1,439.16 from Wednesday's close of 1,447.18.

The benchmark index opened 2.31 points lower at 1,444.87, subsequently moving between 1,435.76 and 1,448.51 throughout the session.

On the broader market, decliners led gainers 447 to 372, while 424 counters were unchanged, 1,147 untraded, and nine others suspended.

Total turnover fell to 2.17 billion units worth RM1.68 billion compared with 2.34 billion units worth RM1.66 billion on Wednesday.

The local bourse extended Wednesday's loss to open lower on Thursday and stayed mostly in negative territory throughout the trading session with the sentiment remaining cautious after the 75-basis-point interest rate hikes by the Fed.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said key indices regionally also closed lower following broadly negative cues from Wall Street overnight.

"Sentiment took an additional hit from Russia’s escalation of its war with Ukraine.

"Back home, we believe the short-term market sentiment will remain cautious with greater volatility due to uncertainties in global equities.

“We reckon the FBM KLCI will see some headwinds as the support at 1,450 has been broken, and the next support level will be at 1,430 followed by 1,400 while resistance is at 1,480," he told Bernama.

Regionally, Japan's Nikkei 225 declined 0.58% to 27,153.83, Hong Kong's Hang Seng Index fell 1.61% to 18,147.95, and South Korea’s Kospi slipped 0.63% to 2,332.31. Shanghai’s SSE index slid 0.27% to 3,108.91 while Singapore’s Straits Times Index was 0.04% better at  3,263.24.

Back home among Bursa heavyweights, Malayan Banking Bhd (Maybank) shed two sen to RM8.71, Public Bank Bhd eased one sen to RM4.39, and Petronas Chemicals Group Bhd dropped 11 sen to RM8.50. CIMB Group Holdings Bhd declined seven sen to RM5.38, and IHH Healthcare Bhd fell 10 sen to RM6.

Of the actives, Top Glove Corp Bhd slid 1.5 sen to 63 sen, Vinvest Capital Holdings Bhd reduced four sen to 19 sen, RGB International Bhd improved one sen to 14 sen, and Ecoscience International Bhd perked up 1.5 sen to 31.5 sen, while Sapura Energy Bhd was flat at four sen.

On the index board, the FBM Emas Index went down 36.54 points to 10,293.55, the FBMT 100 Index lost 38.38 points to 10,032.25, and the FBM Emas Shariah Index slipped 31.67 points to 10,358.22.

The FBM ACE bagged 40.53 points to 4,818.65, and the FBM 70 gained 21.75 points to 12,554.3.

Sector-wise, the Energy Index was 5.71 points easier at 719.87, the Plantation Index shed 1.13 points to 6,844.69, the Financial Services Index shrank 65.4 points to 16,334.45, and the Industrial Products and Services Index shaved 1.44 points to 174.24.

The Main Market volume decreased to 1.29 billion shares worth RM1.32 billion from 1.59 billion shares worth RM1.4 billion on Wednesday.

Warrants turnover expanded to 232.67 million units valued at RM34.08 million from 224.96 million units valued at RM34.11 million previously.

The ACE Market volume rose to 646.22 million shares worth RM320.02 million from 528.82 million shares worth RM227.6 million on Wednesday.

Consumer products and services counters accounted for 232.42 million shares traded on the Main Market, industrial products and services (322.66 million), construction (30.96 million), technology (86.17 million), SPAC (nil), financial services (57.01 million), property (96.09 million), plantation (18.47 million), REITs (8.38 million), closed/fund (6,000), energy (225.88 million), healthcare (133.37 million), telecommunications and media (23.3 million), transportation and logistics (39.72 million) and utilities (13.5 million).

Source: The Edge

Market Daily Report: Bursa ends sharply lower at intraday low

KUALA LUMPUR (Sept 21): Bursa Malaysia ended at an intraday low of 1,447.18, with selling pressure seen across the board, said a dealer.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) declined by 13.92 points compared to Tuesday's close of 1,461.1.

The benchmark index opened 1.65 points lower at 1,459.45, hitting a high of 1,459.89 in early trading.

On the broader market, losers thumped gainers 530 to 296, while 439 counters were unchanged, 1,125 untraded and nine others suspended.

Total turnover rose to 2.34 billion units worth RM1.66 billion compared with 2.12 billion units worth RM1.65 billion on Tuesday.

A dealer said the local bourse remained in the red throughout the day, tracking overnight losses on Wall Street as investors were jittery due to concerns over the US Federal Reserve’s (Fed) interest rate decision later on Wednesday.

Rakuten Trade Sdn Bhd vice-president of Equity Research Thong Pak Leng said key regional indices were also on the downtrend following the broadly negative cues from global markets overnight, with investors widely positioning for a hefty interest rate hike after a hawkish statement from the Fed.

He said the Fed is widely expected to raise interest rates by another 75 basis points (bps), noting that some have predicted a 100bps rate hike following the hotter-than-expected US inflation data last week, and reckoned that the sentiment in the local bourse would remain jittery due to external factors.

“Having said that, we believe bargain hunting may emerge as the cheaper market valuations and the weakened ringgit may seem attractive to foreign funds.

“Hence, we maintain our FBM KLCI target of 1,445-1,470 for the remainder of the week. From the technical point of view, we shall see immediate support at 1,430 and resistance at 1,480," he told Bernama.

Regionally, Japan's Nikkei 225 fell 1.36% to 27,313.13, Hong Kong's Hang Seng Index declined 1.79% to 18,444.62, South Korea’s Kospi slipped 0.87% to 2,347.21, and Shanghai’s SSE Index slid 0.17% to 3,117.18, while Singapore’s Straits Times Index improved 0.01% at 3,267.43.

Back home, Bursa heavyweights Public Bank Bhd shed five sen to RM4.40, Petronas Chemicals Group Bhd fell by nine sen to RM8.61, CIMB Group Holdings Bhd eased three sen to RM5.45, and IHH Healthcare Bhd slid four sen to RM6.10, while Malayan Banking Bhd (Maybank) added three sen to RM8.73.

Of the actives, Top Glove Corp Bhd slipped by six sen to 64.5 sen, and Borneo Oil Bhd slid half-a-sen to 2.5 sen, while Velesto Energy Bhd added one sen to 12.5 sen, SNS Networks Technology Bhd edged up half-a-sen to 27.5 sen, and China Automobile Parts Holdings Ltd was flat at five sen.

On the index board, the FBM Emas Index went down 93.81 points to 10,330.09, the FBMT 100 Index lost 96.12 points to 10,070.63, the FBM Emas Shariah Index dropped 131.54 points to 10,389.89, the FBM 70 decreased 116.6 points to 12,532.55 and the FBM ACE gave up 29.18 points to 4,778.12.

Sector-wise, the Plantation Index contracted 61.72 points to 6,845.82, the Industrial Products and Services Index slid 3.31 points to 175.68 and the Financial Services Index declined 53.84 points to 16,399.85, while the Energy Index was 5.39 points better at 725.58.

The Main Market volume increased to 1.59 billion shares worth RM1.40 billion from 1.42 billion shares worth RM1.42 billion on Monday.

Warrants turnover shrank to 224.96 million units valued at RM34.11 million from 232.78 million units valued at RM31.46 million previously.

The ACE Market volume expanded to 528.82 million shares worth RM227.6 million from 457.46 million shares worth RM192.08 million on Monday.

Consumer products and services counters accounted for 161.96 million shares traded on the Main Market, industrial products and services (518.91 million), construction (27.3 million), technology (81.87 million), SPAC (nil), financial services (56.97 million), property (135.14 million), plantation (16.83 million), REITs (7.87 million), closed/fund (15,000), energy (220.2 million), healthcare (273.82 million), telecommunications and media (19.19 million), transportation and logistics (48.1 million) and utilities (20.03 million).

Source: The Edge

Market Daily Report: Bursa snaps four-day losing streak to end in the green

KUALA LUMPUR (Sept 20): Bursa Malaysia has snapped its four-day losing streak to end in the green, supported by bargain hunting in selected heavyweight stocks, said a dealer.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 9.58 points to 1,461.1 from Monday's close of 1,451.52.

The benchmark index opened 2.9 points better at 1,454.42, subsequently moving between 1,454.42 and 1,465.58 throughout the day.

On the broader market, advancers led decliners 414 to 385, while 428 counters were unchanged, 1,139 untraded and nine others suspended.

Total turnover fell to 2.12 billion units worth RM1.65 billion compared with 2.19 billion units worth RM1.76 billion on Monday.

A dealer said the local bourse maintained its positive note throughout the day, buoyed by bargain hunting in selected heavyweights, led by the financial services and telecommunications and media stocks.

Rakuten Trade Sdn Bhd vice-president of Equity Research Thong Pak Leng said the positive momentum on the local bourse was in tandem with regional peers’ uptrend, tracking the late rally on Wall Street.

“However, sentiments have been jittery ahead of the US Federal Reserve’s interest rate decision tomorrow, on whether the central bank’s plans to cool the hottest US inflation in four decades might be too aggressive and throw the economy into a recession.

“Back home, we reckon the short-term outlook would remain volatile due to uncertainties in global markets,” he told Bernama, adding that the FBM KLCI is expected to trend sideways within the range of between 1,450 and 1,470 for the rest of the week.

Regionally, Japan's Nikkei 225 rose 0.44% to 27,688.42, Hong Kong's Hang Seng Index advanced 1.16% to 18,781.42, Singapore’s Straits Times Index added 0.31% to 3,266.48, South Korea’s Kospi gained 0.52% to 2,367.85 and Shanghai’s SSE index perked up by 0.22% to 3,122.41.

Back home, Bursa heavyweights Malayan Banking Bhd (Maybank) gained seven sen to RM8.70, Petronas Chemicals Group Bhd rose 11 sen to RM8.70 and CIMB Group Holdings Bhd advanced six sen to RM5.48, while IHH Healthcare Bhd eased two sen to RM6.14 and Public Bank Bhd was flat at RM4.49.

Of the actives, Borneo Oil Bhd edged up half-a-sen to three sen, and SNS Network Technology Bhd eased 2.5 sen to 27 sen. Top Glove Corp Bhd stood at 70.5 sen, followed by Velesto Energy Bhd at 11.5 sen and Metronic Global Bhd at two sen, as all three counters were flat.

On the index board, the FBM Emas Index went up 62.66 points to 10,423.9, the FBMT 100 Index bagged 63.3 points to 10,166.75, the FBM Emas Shariah Index increased by 69.96 points to 10,521.43, the FBM 70 advanced 65.26 points to 12,649.15, and the FBM ACE expanded 47.9 points to 4,807.3.

Sector-wise, the Financial Services Index surged 84.07 points to 16,453.69, the Industrial Products and Services Index inched up 0.95 of-a-point to 178.99, and the Plantation Index added 33.61 points to 6,907.54, while the Energy Index was 3.29 points easier at 720.19.

The Main Market volume increased to 1.42 billion shares worth RM1.42 billion from 1.40 billion shares worth RM1.55 billion on Monday.

Warrants turnover shrank to 232.78 million units valued at RM31.46 million from 242.78 million units valued at RM26.69 million previously.

The ACE Market volume declined to 457.46 million shares worth RM192.08 million from 536.45 million shares worth RM184.92 million on Monday.

Consumer products and services counters accounted for 182.17 million shares traded on the Main Market, industrial products and services (463.25 million), construction (34.57 million), technology (88.31 million), SPAC (nil), financial services (60.92 million), property (111.04 million), plantation (15.44 million), REITs (25.96 million), closed/fund (2,000), energy (183.65 million), healthcare (164.58 million), telecommunications and media (20.77 million), transportation and logistics (61.41 million) and utilities (9.98 million).

Source: The Edge

Market Daily Report: Bursa ends sharply lower on persistent selling in heavyweights

KUALA LUMPUR (Sept 19): Bursa Malaysia ended sharply lower on Monday (Sept 19), weighed down by persistent selling in heavyweight stocks, in tandem with the weakness in most regional peers.

Asian shares took their cue from Wall Street’s losses on Friday amidst concerns about the global economic outlook and monetary policy tightening by central banks around the world, said a dealer.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell by 15.79 points to 1,451.52 from Thursday's close of 1,467.31.

The benchmark index opened 7.8 points lower at 1,459.51, and subsequently moved between 1,446.04 and 1,460.91 throughout the session.

On the broader market, losers thumped gainers 706 to 217, while 349 counters were unchanged, 1,101 untraded and 17 others suspended.

Total turnover fell to 2.19 billion units worth RM1.76 billion compared with 2.62 billion units worth RM2.67 billion on Thursday.

Rakuten Trade Sdn Bhd vice-president of Equity Research Thong Pak Leng said key regional indices also trended lower as investors are wary that the US Federal Reserve and other central banks might overshoot their policy targets, triggering a global recession.  

"As for the local bourse, we reckon the local market would see some headwinds amidst the heightening global volatility. Nonetheless, we believe the accumulation of stocks would persist on dips.

"As such, we expect the FBM KLCI to trade within a wider range of between 1,440 and 1,470 for the week. The support at the 1,470-level has been broken and the next support level will be at 1,430 followed by 1,400, while resistance is at 1,480," he added.

Regionally, Hong Kong's Hang Seng Index slipped 1.04% to 18,565.97, Singapore’s Straits Times Index slid 0.36% to 3,256.48, South Korea’s Kospi dropped 1.14% to 2,355.66 and Shanghai’s SSE Index eased by 0.35% to 3,115.6.

Back home, Bursa heavyweights Malayan Banking Bhd (Maybank) gained five sen to RM8.63, while CIMB Group Holdings Bhd, too, rose five sen to RM5.42. Public Bank Bhd shed two sen to RM4.45, Petronas Chemicals Group Bhd slid three sen to RM8.59, and IHH Healthcare Bhd fell 16 sen to RM6.16.

Of the actives, Top Glove Corp Bhd slipped six sen to 70.5 sen, SNS Network Technology Bhd eased half-a-sen to 29.5 sen, and Hartalega Holdings Bhd fell 11 sen to RM1.49, while XOX Bhd edged up half-a-sen to two sen, and Metronic Global Bhd was flat at two sen.

On the index board, the FBM Emas Index gave up 113.34 points to 10,361.24, the FBMT 100 Index fell 111.2 points to 10,103.45, the FBM Emas Shariah Index decreased 127.35 points to 10,451.47, the FBM 70 dropped 143.69 points to 12,583.89, and the FBM ACE was 74.35 points lower at 4,759.4.

Sector-wise, the Energy Index was 14.14 points easier at 723.48, the Financial Services Index tumbled 121.86 points to 16,369.62, and the Industrial Products and Services Index shed 3.43 points to 178.04, while the Plantation Index added 15.81 points to 6,873.93.

The Main Market volume fell to 1.4 billion shares worth RM1.55 billion from 1.73 billion shares worth RM2.35 billion last Thursday.

Warrants turnover rose to 242.78 million units valued at RM29.69 million from 188.3 million units valued at RM27.73 million previously.

The ACE Market volume declined to 536.45 million shares worth RM184.92 million from 706.18 million shares worth RM293.68 million.

Consumer products and services counters accounted for 187.68 million shares traded on the Main Market, industrial products and services (382.64 million), construction (47.59 million), technology (123.78 million), SPAC (nil), financial services (77.77 million), property (120.41 million), plantation (22.87 million), REITs (7.86 million), closed/fund (6,000), energy (153.86 million), healthcare (190.61 million), telecommunications and media (20.94 million), transportation and logistics (53.02 million) and utilities (15.2 million).

Source: The Edge

Market Daily Report: Bursa Malaysia ends broadly lower on absence of buying catalyst

KUALA LUMPUR (Sept 15): Bursa Malaysia has reversed its gains earlier to end broadly lower on Thursday (Sept 15) after a lacklustre trading session, as investors seem reluctant to make more significant moves due to the absence of buying catalysts, said an analyst. 

At 5pm, the benchmark FBM KLCI eased by 1.13 points to 1,467.31, from Wednesday's close of 1,468.44.

The benchmark index opened 4.92 points higher at 1,473.36, subsequently moving between 1,466.33 and 1,478.54 throughout the day.

Market breadth was negative with decliners surpassing advancers 415 to 378, while 433 counters were unchanged, 1,125 untraded and 21 others suspended.

Total turnover stood at 2.62 billion units worth RM2.67 billion, compared with 2.63 billion units worth RM1.63 billion on Wednesday.

Meanwhile, Rakuten Trade Sdn Bhd vice-president of Equity Research, Thong Pak Leng said key regional indices were mostly higher following the broadly positive cues from Wall Street overnight, supported by gains in energy stocks on spiking crude oil prices. 

“Nonetheless, investors remain cautious amid persisting worries about inflation and tighter policy stance of global central banks," he told Bernama. 

Bursa Malaysia and its subsidiaries will be closed on Friday (Sept 16), in conjunction with Malaysia Day 2022, and will resume its operation on Monday (Sept 19). 

At the close, Bursa heavyweights Malayan Banking Bhd (Maybank) improved by one sen to RM8.86, Public Bank Bhd increased three sen to RM4.47, and IHH Healthcare Bhd added 12 sen to RM6.32, while Petronas Chemicals Group Bhd dipped eight sen to RM8.62, and CIMB Group Holdings Bhd shrank two sen to RM5.37.

Of the actives, Velesto Energy Bhd firmed one sen to 11.5 sen, Top Glove Corp Bhd shed two sen to 76.5 sen, while SNS Network Technology Bhd, Metronic Global Bhd and Dagang NeXchange Bhd were flat at 30 sen, two sen and 82.5 sen, respectively. 

On the index board, the FBM Emas Index declined 0.62 of-a-point to 10,474.58, the FBMT 100 Index dwindled by 2.35 points to 10,214.65, the FBM Emas Shariah Index decreased 13.97 points to 10,578.82, and the FBM ACE was 11.15 points lower at 4,833.75, while the FBM 70 climbed 19.41 points to 12,727.58.

Sector-wise, the Plantation Index lost 86.92 points to 6,858.12, and the Industrial Products and Services Index eased 0.28 of-a-point to 181.47, while the Energy Index was 18.68 points stronger at 737.62, and the Financial Services Index went up by 7.43 points to 16,491.48.

The Main Market volume rose to 1.73 billion shares worth RM2.35 billion, from 1.70 billion shares worth RM1.30 billion on Wednesday.

Warrants turnover fell to 188.30 million units valued at RM27.73 million, from 298.73 million units valued at RM47.18 million previously.

The ACE Market volume climbed to 706.18 million shares worth RM293.68 million, from 632.45 million shares worth RM288.92 million on Wednesday. 

Consumer products and services counters accounted for 168.66 million shares traded on the Main Market, industrial products and services (520.46 million), construction (44.66 million), technology (168.23 million), SPAC (nil), financial services (94.58 million), property (137.64 million), plantation (37.63 million), REITs (9.19 million), closed/fund (5,100), energy (300.99 million), healthcare (135.95 million), telecommunications and media (35.86 million), transportation and logistics (50.70 million), and utilities (23.01 million).

Source: The Edge

Market Daily Report: Bursa Malaysia ends at intraday low amid heavy regional selldown after Wall St tumble

KUALA LUMPUR (Sept 14): Bursa Malaysia ended broadly lower for the second consecutive day on Wednesday (Sept 14), dragged down by persistent selling across the board, in tandem with the heavy selldown seen in regional bourses after a tumble on Wall Street overnight.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) dropped 19.40 points or 1.30% to finish at its intraday low of 1,468.44, from Tuesday's close of 1,487.84.

The benchmark index, which opened 12.60 points lower at 1,475.24, reached its highest at 1,480.55 in early trade. 

Market breadth was negative with decliners thumping advancers 595 to 256, while 387 counters were unchanged, 1,113 untraded, and 13 others suspended.

Total turnover was marginally lower at 2.63 billion units worth RM1.63 billion from 2.64 billion units worth RM1.74 billion on Tuesday.

UOB Kay Hian Wealth Advisors Sdn Bhd head of wealth research and advisor Mohd Sedek Jantan said the Malaysian stock market fell after the sell-off on Wall Street overnight. 

"Volatility increased due to the unexpectedly high US inflation report last night. Volatility in regional equity, bond, and currency markets is set to return after the relative calm in the past few sessions. The fall (in regional markets) was influenced by the sell-off in US markets.

"On the other hand, the hot inflation eliminates the possibility that the US Federal Reserve (Fed) would do a 50 basis points (bps) hike next week, but (the inflation rate) isn't disastrous enough to prompt a major push for a 100 bps hike," he told Bernama. 

Mohd Sedek reckons that the Fed will raise interest rates by 75 bps next week, hence he expects the market to continue to be volatile till this week, with all the negative sentiment.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the consumer price index (CPI) reading showed that the Fed is likely to keep raising interest rates at a sharp pace this year to combat inflation, a scenario that is negative for stock markets. 

He reckons the short-term outlook of the local market will remain cautious. "While valuations remain cheap, we do not expect the FBM KLCI to see any major movement, thus, we anticipate it moving within the 1,460 (points) to 1,480 points range towards the weekend," he said.

Meanwhile, Bursa heavyweights Maybank fell seven sen to RM8.85, Public Bank dropped eight sen to RM4.44, Petronas Chemicals dipped one sen to RM8.70, and CIMB shrank six sen to RM5.39, while IHH Healthcare was flat at RM6.20.

Of the actives, both Metronic Global and Aimflex eased half-a-sen to two sen and 15 sen respectively, Velesto Energy trimmed one sen to 10.5 sen, and Top Glove was down by two sen to 78.5 sen, while SNS Network improved one sen to 30 sen.

On the index board, the FBM Emas Index declined 123.06 points to 10,475.20, the FBMT 100 Index slid 123.22 points to 10,217.00, the FBM Emas Shariah Index weakened 127.69 points to 10,592.79, the FBM 70 went down 106.26 points to 12,708.17, and the FBM ACE slipped 55.82 points to 4,844.90.

Sector-wise, the Energy Index shed 8.73 points to 718.94, the Plantation Index dropped 53.86 points to 6,945.04, the Industrial Products and Services Index eased 1.70 points to 181.75, and the Financial Services Index gave up 182.94 points to 16,484.05.

The Main Market volume inched up to 1.70 billion shares worth RM1.30 billion, from 1.69 billion shares worth RM1.40 billion on Tuesday.

Warrants turnover expanded to 298.73 million units valued at RM47.18 million, from 250.05 million units valued at RM38.34 million previously.

The ACE Market volume declined to 632.45 million shares worth RM288.92 million, from 697.23 million shares worth RM296.15 million on Tuesday. 

Consumer products and services counters accounted for 176.80 million shares traded on the Main Market, industrial products and services (650.43 million), construction (24.64 million), technology (121.87 million), SPAC (nil), financial services (50.33 million), property (131.81 million), plantation (26.26 million), REITs (4.97 million), closed/fund (10,000), energy (345.32 million), healthcare (97.30 million), telecommunications and media (18.60 million), transportation and logistics (39.53 million), and utilities (11.50 million).

Source: The Edge

Market Daily Report: Bursa snaps three-day winning streak to end lower

KUALA LUMPUR (Sept 13): Bursa Malaysia snapped its three-day winning streak to end in the red on Tuesday (Sept 13), dragged by profit taking in selected heavyweight counters, particularly banking stocks.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) dropped 10.12 points, or 0.68%, to 1,487.84 from Monday's close of 1,497.96.

The benchmark index, which opened 0.56 points lower at 1,497.4, moved between 1,482.38 and 1,497.88 throughout the day.

Market breadth was negative with decliners outnumbering advancers 449 to 351, while 449 counters were unchanged, 1,092 untraded, and nine others suspended.

Total turnover was marginally higher at 2.64 billion units worth RM1.74 billion from 2.63 billion units worth RM1.55 billion on Monday.

Rakuten Trade Sdn Bhd vice-president of Equity Research Thong Pak Leng said Tuesday's selldown provides more upsides for investors, given the undervalued FBM KLCI.

“As such, we expect the benchmark index to trend higher for the remainder of the week, hovering within the 1,480-1,510 region, with immediate support at 1,480 and resistance at 1,500," he told Bernama.

Key regional indices closed mostly higher, buoyed by optimism ahead of the release of the US inflation reading which is expected to have improved in August, he said.

"Nonetheless, gains were limited as investors are cautious on the slowdown in China's economic activity due to the recent Covid-19-related restrictions," said Thong.

Meanwhile, Bursa heavyweights Malayan Banking Bhd (Maybank) fell seven sen to RM8.92, Public Bank Bhd reduced 10 sen to RM4.52, Petronas Chemicals Group Bhd shed 18 sen to RM8.71, CIMB Group Holdings Bhd slid two sen to RM5.45, and IHH Healthcare Bhd trimmed one sen to RM6.20.

Of the actives, Metronic Global Bhd eased half-a-sen to 2.5 sen while CSH Alliance Bhd, too, slipped half-a-sen to four sen. Aimflex Bhd improved 2.5 sen to 15.5 sen, Velesto Energy Bhd gained 1.5 sen to 11.5 sen, and MyEG Services Bhd advanced two sen to 87.5 sen.

On the index board, the FBM Emas Index declined 57.33 points to 10,598.26, the FBMT 100 Index contracted 59.38 points to 10,340.22, the FBM Emas Shariah Index fell 2.47 points to 10,720.48 and the FBM 70 lost 29.54 points to 12,814.43, but the FBM ACE was 6.53 points higher at 4,900.72.

Sector-wise, the Industrial Products and Services Index eased 1.73 points to 183.45, the Financial Services Index dropped 218.83 points to 16,666.99, while the Plantation Index rose 21.48 points to 6,998.9, and the Energy Index bagged 11.21 points to 727.67.

The Main Market volume slipped to 1.69 billion shares worth RM1.4 billion from 1.79 billion shares worth RM1.18 billion on Monday.

Warrants turnover expanded to 250.05 million units valued at RM38.34 million from 70.67 million units valued at RM7.85 million previously.

The ACE Market volume declined to 697.23 million shares worth RM296.15 million from 761.86 million shares worth RM362.57 million on Monday.

Consumer products and services counters accounted for 228.54 million shares traded on the Main Market, industrial products and services (746.9 million), construction (27.58 million), technology (191.45 million), SPAC (nil), financial services (60.14 million), property (98.26 million), plantation (23.65 million), REITs (5.52 million), closed/fund (nil), energy (166.81 million), healthcare (91.44 million), telecommunications and media (16.48 million), transportation and logistics (22.82 million) and utilities (12.88 million).

Source: The Edge

Market Daily Report: Bursa ends marginally higher in line with regional peers

KUALA LUMPUR (Sept 12): Bursa Malaysia ended marginally higher on Monday (Sept 12), in line with the strong performance of regional bourses as investors’ sentiments continued to improve across the region, an analyst said.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) edged up 1.43 points to 1,497.96 compared with Friday's close of 1,496.53.

The benchmark index opened 1.13 points firmer at 1,497.66 and moved between 1,496.05 and 1,501.87 throughout the day.

On the broader market, gainers led decliners 444 to 347, while 410 counters were unchanged, 1,114 untraded and nine others suspended.

Total turnover rose to 2.63 billion units worth RM1.55 billion from 2.36 billion units worth RM1.48 billion on Friday.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said key regional indices closed higher following the broadly positive cues from global markets on Friday.

"Investors took the opportunity to pick up stocks that had taken a severe beating in recent sessions," he told Bernama.

Singapore's Straits Times Index rose 0.44% to 3,277.23, while Japan's Nikkei widened 1.16% to 28,542.11.  

Back home, the FBM KLCI faced strong resistance as it has failed to breach the 1,500 mark in several attempts, Thong said.

Nonetheless, overall market sentiment is improving, and Thong anticipates the benchmark index to trend within the range of 1,490 to 1,510 for the week.

Meanwhile, Bursa heavyweights Malayan Banking Bhd (Maybank) added two sen to RM8.99, Public Bank Bhd climbed one sen to RM4.70, CIMB Group Holdings Bhd gained three sen to RM5.47, and IHH Healthcare Bhd firmed four sen to RM6.21, while Petronas Chemicals Group Bhd declined five sen to RM8.89.

Of the actives, CSH Alliance Bhd edged up half-a-sen to 4.5 sen, SNS Network Technology Bhd widened two sen to 28 sen, Velesto Energy Bhd gained 1.5 sen to 10 sen, and Top Glove Corp Bhd perked up 2.5 sen to 82 sen, while Metronic Global Bhd fell half-a-sen to three sen.

On the index board, the FBM Emas Index appreciated 27.37 points to 10,655.59, the FBMT 100 Index was stronger by 24.15 points to 10,399.6, and the FBM ACE expanded 35.71 points to 4,894.19.

The FBM 70 climbed 87.15 points to 12,843.97 and the FBM Emas Shariah Index pushed up 29.47 points to 10,722.95.

Sector-wise, the Energy Index gained 9.3 points to 716.46 and the Financial Services Index was higher by 68.64 points to 16,885.82.

The Plantation Index was 16.55 points weaker at 6,977.42 while the Industrial Products and Services Index fell 0.42 of-a-point to 185.18 and the Telecommunications and Media Index shaved 0.35 of-a-point to 592.51.

The Main Market volume grew to 1.79 billion shares worth RM1.18 billion from 1.56 billion shares worth RM1.14 billion on Friday.

Warrants turnover contracted to 70.67 million units valued at RM7.85 million from 285.34 million units valued at RM48.2 million previously.

The ACE Market volume expanded to 761.86 million shares worth RM362.57 million from 515.45 million shares worth RM291.44 million.

Consumer products and services counters accounted for 159.63 million shares traded on the Main Market, industrial products and services (808.98 million), construction (53.23 million), technology (174.89 million), SPAC (nil), financial services (38.64 million), property (171.21 million), plantation (16.7 million), REITs (3.96 million), closed/fund (nil), energy (199.09 million), healthcare (109.8 million), telecommunications and media (15.42 million), transportation and logistics (32.31 million), and utilities (7.67 million).

Source: The Edge

Market Daily Report: Bursa ends the week on positive note on improved market sentiment

KUALA LUMPUR (Sept 9): Bursa Malaysia closed the trading session higher as market sentiment continues to improve across the region due to recovery in Wall Street, with technology counters leading the gainers, a dealer said.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) gained 1.8 points, or 0.12%, to 1,496.53 compared with Thursday’s close of 1,494.73.

The benchmark index opened 1.02 points firmer at 1,495.75 and moved between 1,493.15 and 1,498.32 throughout the trading session.

On the broader market, gainers led decliners 456 to 336, while 407 counters were unchanged, 1,106 untraded and nine others suspended.

Total turnover slipped marginally to 2.36 billion units worth RM1.48 billion from 2.39 billion units worth RM1.86 billion on Thursday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said key regional indices closed higher in line with the positive sentiment on Wall Street as the US dollar and Treasury yields came off recent highs.

“As for the local bourse, we believe the buying momentum will continue as valuations of local equities are still cheaper than their regional peers,” he said.

Meanwhile, Bursa heavyweights Inari Amertron Bhd stood at RM2.75, followed by DiGi.Com Bhd at RM3.60 and Public Bank Bhd at RM4.69, as all three counters rose five sen. CIMB Group Holdings Bhd added four sen to RM5.44, while Malayan Banking Bhd (Maybank) climbed two sen to RM8.97.

Of the actives, Metronic Global Bhd fell one sen to 3.5 sen, Ta Win Holdings Bhd shed half-a-sen to six sen, Cnergenz Bhd recovered 11 sen to RM1.02, Tanco Holdings Bhd expanded 2.5 sen to 28.5 sen, and Dagang NeXchange Bhd increased half-a-sen to 82.5 sen.

On the index board, the FBM Emas Index appreciated 14.32 points to 10,628.22, the FBMT 100 Index was stronger by 11.78 points to 10,375.45, the FBM ACE expanded 56.38 points to 4,858.58, the FBM 70 climbed 11.72 points to 12,756.82 and  the FBM Emas Shariah Index fell 10.89 points to 10,693.48.

Sector-wise, the Plantation Index was 29.23 points weaker at 6,993.97, the Energy Index gained 0.66 of-a-point to 707.16, the Financial Services Index higher by 82.13 points to 16,817.18, the Industrial Products and Services Index added 0.27 of-a-point to 185.6 and the Telecommunications and Media Index improved 3.11 points to 592.86.

The Main Market volume grew to 1.56 billion shares worth RM1.14 billion from 1.46 billion shares worth RM1.43 billion on Thursday.

Warrants turnover expanded to 285.34 million units valued at RM48.2 million from 227.16 million units valued at RM37.89 million previously.

The ACE Market volume decreased to 515.45 million shares worth RM291.44 million from 696.75 million shares worth RM388.99 million on Thursday.

Consumer products and services counters accounted for 226.01 million shares traded on the Main Market, industrial products and services (688.89 million), construction (52.74 million), technology (153.04 million), SPAC (nil), financial services (37.34 million), property (179.06 million), plantation (22.48 million), REITs (5.3 million), closed/fund (1,000), energy (61.87 million), healthcare (56.56 million), telecommunications and media (20.26 million), transportation and logistics (40.8 million), and utilities (12.58 million).

Source: The Edge

Market Daily Report: Bursa ends higher amid improved regional market sentiment after Wall St rally

KUALA LUMPUR (Sept 8): Bursa Malaysia closed the trading session higher on Thursday (Sept 8) amid the improved regional market sentiment after a rally on Wall Street overnight, with sustained buying interest seen in selected heavyweight counters led by telecommunication and media stocks, a dealer said.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) earned 3.38 points, or 0.23%, to 1,494.73 from Wednesday’s close of 1,491.35.

The benchmark index opened 0.48 of a point lower at 1,490.87 and moved between 1,486.98 and 1,497.66 throughout the trading session.

On the broader market, gainers led decliners 416 to 373, while 450 counters were unchanged, 1,051 untraded, and nine others suspended.

Total turnover rose marginally to 2.39 billion units worth RM1.86 billion from 2.36 billion units worth RM1.61 billion on Wednesday.

According to Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng, regional key indices closed broadly higher after Wall Street surged overnight.

"Investors see that interest rate concerns have been priced into the markets and are picking up stocks at reduced levels following recent weakness," he told Bernama.

He reckons that the overall market sentiment will further improve as falling commodity prices, especially crude oil, could ease inflationary risks for the global economy.

"As such, we anticipate the FBM KLCI to test the 1,500-mark towards the weekend," he said.

Meanwhile, Bursa heavyweights Maxis Bhd added six sen to RM3.82, Telekom Malaysia Bhd (TM) jumped nine sen to RM5.90, DiGi.Com Bhd increased two sen to RM3.55, Tenaga Nasional Bhd (TNB) added 10 sen to RM8.85 and Petronas Dagangan Bhd surged 48 sen to RM21.88.

Of the actives, Metronic Global Bhd fell 1.5 sen to 4.5 sen, UMediC Group Bhd lost one sen to 75 sen, and SNS Network Technology Bhd was flat at 26 sen. Agmo Bhd advanced 2.5 sen to 94.5 sen, while Cnergenz Bhd, too, rose 2.5 sen to 91 sen.

On the index board, the FBM Emas Index went up 28.53 points to 10,613.9, the FBMT 100 Index firmed 30.37 points to 10,363.67, the FBM Emas Shariah Index bagged 39.79 points to 10,704.37, the FBM ACE inched up 28.48 points to 4,802.1 and the FBM 70 grew 65.13 points to 12,745.1.

Sector-wise, the Plantation Index was 5.63 points lower at 7,023.2, the Energy Index slid 2.69 points to 706.5, the Financial Services Index rose 22.02 points to 16,735.05, the Industrial Products and Services Index added 0.28 of-a-point to 185.33 and the Telecommunication and Media Index widened 3.81 points to 589.75.

The Main Market volume declined to 1.46 billion shares worth RM1.43 billion from 1.54 billion shares worth RM1.34 billion on Wednesday.

Warrants turnover fell to 227.16 million units valued at RM37.89 million from 264.82 million units valued at RM38.42 million previously.

The ACE Market volume increased to 696.75 million shares worth RM388.99 million from 559.39 million shares worth RM238.12 million on Wednesday.

Consumer products and services counters accounted for 169.69 million shares traded on the Main Market, industrial products and services (591.01 million), construction (36.99 million), technology (141.15 million), SPAC (nil), financial services (59.79 million), property (166.24 million), plantation (24.51 million), REITs (3.88 million), closed/fund (nil), energy (123.48 million), healthcare (73.58 million), telecommunications and media (20.98 million), transportation and logistics (39.73 million), and utilities (15.35 million).

Source: The Edge

Market Daily Report: Bursa closes mixed, FBM KLCI up 3.08 points

KUALA LUMPUR (Sept 7): Bursa Malaysia ended mixed on Wednesday (Sept 7) with the key index rising slightly on bargain-hunting activities led by industrial products and services counters.

A downbeat regional performance also weighed on sentiment.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) added 3.08 points, or 0.21%, to 1,491.35 compared with Tuesday’s close of 1,488.27.

The benchmark index opened 2.35 points weaker at 1,485.92 and moved between 1,483.29 and 1,492.19 throughout the trading session.

On the broader market, decliners led advancers 477 to 348, while 428 counters were unchanged, 1,021 untraded, and eight others suspended.

Total turnover rose to 2.36 billion units worth RM1.61 billion from 2.19 billion units worth RM1.65 billion on Tuesday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng reckons that the FBM KLCI would remain steady, supported by the improving fundamentals of the local economy.

"Nonetheless, market sentiments are still cautious given the increasing market volatility, both locally and regionally,” he told Bernama.

Hence, he expects the FBM KLCI to trend sideways, hovering in the 1,480-1,500 range for the remaining of the week with immediate support at 1,470 and resistance at 1,500.

Meanwhile, Bursa heavyweights Malayan Banking Bhd (Maybank) rose three sen to RM8.93, Petronas Chemicals Group Bhd jumped 26 sen to RM9, IHH Healthcare Bhd climbed five sen to RM6.20, Public Bank Bhd shed two sen to RM4.64, and CIMB Group Holdings Bhd lost six sen to RM5.40.

Of the actives, Metronic Global Bhd fell 1.5 sen to six sen, Sapura Energy Bhd was one sen lower at four sen, while MyEG Services Bhd perked up two sen to 85.5 sen, Cengild Medical Bhd pushed up 3.5 sen to 54.5 sen, and UMediC Group Bhd grew four sen to 76 sen.

On the index board, the FBM Emas Index edged up 16.47 points to 10,585.37, the FBMT 100 Index strengthened 15.76 points to 10,333.3,  the FBM Emas Shariah Index increased 30.53 points to 10,664.58, the FBM ACE inched down 26.77 points to 4,773.62 and the FBM 70 dipped 3.26 points to 12,679.97.

Sector-wise, the Plantation Index was 0.48 of-a-point lower at 7,028.83, the Energy Index shrank 12.25 points to 709.19, the Financial Services Index slid 21.86 points to 16,713.03, while the Industrial Products and Services Index firmed 1.42 points to 185.05.

The Main Market volume climbed up to 1.54 billion shares worth RM1.34 billion from 1.32 billion shares worth RM1.38 billion on Tuesday.

Warrants turnover widened to 264.82 million units valued at RM38.42 million from 253.12 million units valued at RM38.21 million previously.

The ACE Market volume decreased to 559.39 million shares worth RM238.12 million from 612.76 million shares worth RM238.73 million on Tuesday.

Consumer products and services counters accounted for 152.63 million shares traded on the Main Market, industrial products and services (673.07 million), construction (50.9 million), technology (119.45 million), SPAC (nil), financial services (44.77 million), property (132.6 million), plantation (16.81 million), REITs (1.88 million), closed/fund (nil), energy (145.64 million), healthcare (99.61 million), telecommunications and media (39.72 million), transportation and logistics (44.29 million), and utilities (19.29 million).

Source: The Edge

Market Daily Report: Bursa ends at day's low on last-minute selling

KUALA LUMPUR (Sept 6): Bursa Malaysia erased earlier gains to close marginally lower on Tuesday (Sept 6) at its intraday low due to profit-taking activities, particularly in financial services stocks in the last 10 minutes of trading, a dealer said.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) trimmed 1.53 points or 0.1% to 1,488.27 from Monday’s close of 1,489.8.

The benchmark index opened 2.78 points firmer at 1,492.58 and moved between 1,488.27 and 1,497 throughout the trading session.

However, on the broader market, advancers led decliners 470 to 348, while 424 counters were unchanged, 1,032 untraded and seven others suspended.

Total turnover expanded to 2.19 billion units worth RM1.65 billion from 2.08 billion units worth RM1.25 billion on Monday.

Despite the fall, Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said key regional bourses closed higher after China pledged to make renewed efforts to boost its economy.

“Meanwhile, foreign fund investments continued to flow into the region as prices of commodities, especially that of crude oil and crude palm oil, have fallen in recent weeks, easing worries over inflation and supporting views that central banks will go easy with interest rate hikes,” he told Bernama.

Back home, he believed bargain hunting would emerge given the cheap valuations while foreign funds are flowing into the region, hence the spillover effect would be positive for local equities.

“As such, we anticipate the benchmark index to trend within the 1,480-1,500 range for the remainder of the week,” he said.

From a technical point of view, he reckoned immediate support at 1,470 with resistance at 1,500.

Bursa heavyweights Malayan Banking Bhd (Maybank) shed four sen to RM8.90, Public Bank Bhd slid one sen to RM4.66, CIMB Group Holdings Bhd lost two sen to RM5.46, IHH Healthcare Bhd fell five sen to RM6.15, while Petronas Chemicals Group Bhd gained 17 sen to RM8.99.

Of the actives, both Metronic Global Bhd was unchanged at 7.5 sen, while Sanichi Technology Bhd, too, was flat at 2.5 sen, MyEG Services Bhd added 2.5 sen to 83.5 sen, Jade Marvel Group Bhd lost two sen to 27 sen, and South Malaysia Industries Bhd was 7.5 sen lower at 18 sen.

On the index board, the FBM Emas Index added 15.13 points to 10,568.9, the FBMT 100 Index firmed 9.51 points to 10,317.54, the FBM ACE edged up 40.24 points to 4,800.39, the FBM Emas Shariah Index increased 38.11 points to 10,634.05 and the FBM 70 rose 92.75 points to 12,683.23.

Sector-wise, the Plantation Index was 27.73 points better at 7,029.31, the Industrial Products and Services Index firmed 2.36 points to 183.63, the Energy Index grew 20.71 points to 721.44, while the Financial Services Index shrank 35.93 points to 16,734.89.

The Main Market volume perked up to 1.32 billion shares worth RM1.38 billion from 1.13 billion shares worth RM996.74 million on Monday.

Warrants turnover fell to 253.12 million units valued at RM38.21 million from 258.23 million units valued at RM42.74 million  previously.

The ACE Market volume decreased to 612.76 million shares worth RM238.73 million from 694.6 million shares worth RM212.1 million on Monday.

Consumer products and services counters accounted for 149.15 million shares traded on the Main Market, industrial products and services (473.92 million), construction (43.52 million), technology (164.62 million), SPAC (nil), financial services (43.96 million), property (138.84 million), plantation (16.96 million), REITs (3.64 million), closed/fund (nil), energy (132.29 million), healthcare (77.86 million), telecommunications and media (22.68 million), transportation and logistics (37.06 million), and utilities (16.32 million).

Source: The Edge

Market Daily Report: Bursa ends easier, taking cues from regional markets

KUALA LUMPUR (Sept 5): Bursa Malaysia closed lower on Monday (Sept 5) as investors seemed reluctant to make more significant moves due to the absence of buying catalysts, amid the weaker regional market performance, a dealer said.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 1.38 points or 0.09% to 1,489.8 from Friday’s close of 1,491.18.

The key index opened 0.85 of-a-point better at 1,492.03, and moved between 1,486.79 and 1,494.81 throughout the trading session. 

On the broader market, decliners outpaced advancers 499 to 367, while 389 counters were unchanged, 1,031 untraded, and 19 others suspended.

Total turnover fell to 2.08 billion units worth RM1.25 billion from 2.18 billion units worth RM1.57 billion last Friday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the market sentiment remained cautious despite the persistent net inflow from foreign funds which topped RM8.1 billion year-to-date. 

"Given the increasing market volatility globally, we anticipate the FBM KLCI to trend in greater range, hovering at the 1,470-1,500 level for the week,” he told Bernama.

Regionally, he said most key indices trended lower as investors remained concerned over the global economic outlook, amid the energy crisis in Europe and reports of fresh Covid-19 related lockdowns in China.

Back home, heavyweights Malayan Banking Bhd (Maybank) gained one sen to RM8.94, Petronas Chemicals Group Bhd added five sen to RM8.82, while IHH Healthcare Bhd, too, rose five sen to RM6.20. Public Bank Bhd was flat at RM4.67, and CIMB Group Holdings Bhd lost two sen to RM5.48.

Of the actives, SNS Network Technology Bhd slid half-a-sen to 26 sen, and Focus Dynamics Group Bhd, also, slipped half-a-sen to 1.5 sen. Vortex Consolidated Bhd stood at 16.5 sen, followed by Aimflex Bhd at 12.5 sen, as both counters were flat. Jade Marvel Group Bhd added 2.5 sen to 29 sen.

On the index board, the FBM Emas Index lost 1.76 points to 10,553.77, the FBMT 100 Index slid 1.73 points to 10,308.03, the FBM ACE slipped 46.53 points to 4,760.15, the FBM Emas Shariah Index declined 3.68 points to 10,595.94, while the FBM 70 rose 29.33 points to 12,590.48.

Sector-wise, the Plantation Index was 43.74 points higher at 7,001.58, the Industrial Products and Services Index firmed 1.05 points to 181.27, the Energy Index increased 3.66 points to 700.73, and the Financial Services Index rose 6.81 points to 16,770.82.

The Main Market volume fell to 1.13 billion shares worth RM996.74 million from 1.16 billion shares worth RM1.25 billion on Friday.

Warrants turnover widened to 258.23 million units valued at RM42.74 million from 197.21 million units valued at RM32.4 million previously.

The ACE Market volume decreased to 694.6 million shares worth RM212.1 million from 818.7 million shares worth RM291.65 million last Friday.

Consumer products and services counters accounted for 169.16 million shares traded on the Main Market, industrial products and services (293.66 million), construction (55.07 million), technology (101.46 million), SPAC (nil), financial services (37.45 million), property (161.67 million), plantation (16.74 million), REITs (4.38 million), closed/fund (1,000), energy (153.78 million), healthcare (78.66 million), telecommunications and media (11.71 million), transportation and logistics (28.36 million), and utilities (19.8 million).

Source: The Edge

Market Daily Report: Bursa ends marginally lower in range-bound trade

KUALA LUMPUR (Sept 2): Bursa Malaysia ended marginally lower after moving cautiously in a tight range ahead of the release of US jobs data later on Friday (Sept 2), and tracking the weakness in most regional peers, said a dealer.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) shaved off 0.77 of a point to 1,491.18 from Thursday’s close of 1,491.95.

The barometer index opened 1.17 points better at 1,493.12, and subsequently moved between 1,489.23 and 1,498.61 throughout the trading session.

On the broader market, decliners outpaced advancers 474 to 316, while 420 counters were unchanged, 1,079 untraded, and 32 others suspended.

Total turnover fell to 2.18 billion units worth RM1.57 billion from 2.44 billion units worth RM2.02 billion on Thursday.

Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the FBM KLCI closed in the negative territory after a roller coaster trading session.

Regionally, key indices ended broadly lower as investors were wary ahead of US jobs report for August which may stir expectations for another sharp Federal Reserve interest rate hike.

Meanwhile, he noted that the weaker crude oil and commodity prices also took a toll on energy and commodity-related shares and weighed on market sentiment.

"As for the local bourse, we believe bargain hunting will emerge due to cheap valuations despite the heightened volatility of regional markets. As such, we anticipate the FBM KLCI to move within the 1,490 to 1,510 range for next week, with immediate resistance at 1,530 and support at 1,470," he told Bernama.

Regionally, Japan's Nikkei 225 eased 0.04% to 27,650.84, Hong Kong's Hang Seng Index slipped 0.74% to 19,452.09, Singapore’s Straits Times Index shed 0.43% to 3,210.37, and South Korea’s Kospi declined 0.26% to 2,409.41.

Back home, heavyweights Malayan Banking Bhd (Maybank) added two sen to RM8.93, while CIMB Group Holdings Bhd, too, rose two sen to RM5.50. Public Bank Bhd improved one sen to RM4.67, Petronas Chemicals Group Bhd slid one sen to RM8.77, and IHH Healthcare Bhd shed three sen to RM6.15.

Of the actives, ACE Market debutant SNS Network Technology Bhd gained 1.5 sen to 26.5 sen, Metronic Global Bhd edged up half-a-sen to eight sen while South Malaysia Industries Bhd, also, gained half-a-sen to 51.5 sen. Dagang NeXchange Bhd trimmed one sen to 81 sen, and Jade Marvel Group Bhd shed 4.5 sen to 26.5 sen.

On the index board, the FBM Emas Index lost 5.7 points to 10,555.53, the FBMT 100 Index slid 4.77 points to 10,309.77, the FBM 70 shrank 3.45 points to 12,561.15, the FBM ACE slipped 18.36 points to 4,806.68, and the FBM Emas Shariah Index declined 14.98 points to 10,599.63.

Sector-wise, the Plantation Index was 38.55 points lower at 6,957.84, the Industrial Products and Services Index eased 0.36 of-a-point to 180.22, the Energy Index shed 14.26 points to 697.07, while the Financial Services Index rose 20.64 points to 16,764.01.

The Main Market volume fell to 1.16 billion shares worth RM1.25 billion from 1.52 billion shares worth RM1.73 billion on Thursday.

Warrants turnover dwindled to 197.21 million units valued at RM32.4 million from 333.8 million units valued at RM50.75 million on Thursday.

The ACE Market volume increased to 818.7 million shares worth RM291.65 million from 585.32 million shares worth RM243.51 million previously.

Consumer products and services counters accounted for 143.27 million shares traded on the Main Market, industrial products and services (345.93 million), construction (37.11 million), technology (167.27 million), SPAC (nil), financial services (47.84 million), property (136.28 million), plantation (23.09 million), REITs (4.53 million), closed/fund (2,900), energy (92.11 million), healthcare (103.84 million), telecommunications and media (10.76 million), transportation and logistics (35.99 million), and utilities (13.79 million).

Source: The Edge