KUALA LUMPUR, March 28 (Bernama) -- Bursa Malaysia closed lower today on profit-taking after a strong three-day rally, and investor sentiment was further shaken in the late afternoon session following news of an earthquake in Myanmar with tremors felt in neighbouring Thailand, said Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 1.44 per cent or 22.08 points to 1,513.65, its intraday low, from Thursday’s close of 1,535.73. The benchmark index opened 4.16 points lower at 1,531.57 and hit an intraday high of 1,533.52 during the midday session. On the broader market, decliners outpaced gainers 563 to 395, while 408 counters were unchanged, 1,106 untraded, and 133 suspended. Turnover slipped to 2.25 billion units valued at RM2.13 billion from 2.52 billion units worth RM2.41 billion on Thursday.
KUALA LUMPUR, March 25 (Bernama) -- Bursa Malaysia closed higher today, boosted by bargain hunting following yesterday’s weakness and supported by positive cues from Wall Street overnight.
At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 9.78 points, or 0.65 per cent, to 1,513.60 from Monday’s close of 1,503.82.
The benchmark index opened 6.25 points higher at 1,510.07, and moved between 1,509.40 and 1,515.87 throughout the day.
On the broader market, gainers led decliners 523 to 392, while 416 counters were unchanged, 1,105 untraded and 16 suspended.
Turnover improved to 3.12 billion units worth RM2.50 billion from 3.01 billion units worth RM1.92 billion yesterday.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said that the FBM KLCI ended on a positive note, lifted by bargain hunting after several lacklustre sessions.
“Asian markets broadly advanced, following a positive lead from Wall Street overnight, buoyed by speculation that the tariffs proposed by US President Donald Trump for implementation on April 2 will be less aggressive than initially expected.
“On the local front, we remain cautious in the near term, as market volatility is expected to remain elevated both globally and locally,” he said.
Meanwhile, UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan noted that China’s stock market saw heavy selling today, particularly in tech-related stocks.
However, the decline did not spill over to the Malaysian market as the sell-off was primarily driven by China’s shift in its monetary policy approach.
“For Malaysia, the impact of China’s policy shift remains limited for now. The way the FBM KLCI reacted today suggests that investors are shifting their focus to Malaysian stocks, seeing them as a safer alternative amid China’s volatility.
“Large-cap stocks with strong fundamentals benefitted from this sentiment, with banking, telecommunications, and consumer sectors among the top gainers today,” he added.
Among the heavyweights, Maybank added 6.0 sen to RM10.22, CIMB Group gained 8.0 sen to RM7.00, and Tenaga Nasional perked up 4.0 sen to RM13.60.
Public Bank slipped 4.0 sen to RM4.44, and IHH Healthcare eased 5.0 sen to RM6.90.
Among the actives, ACE market debutant Wawasan Dengkil eased 2.0 sen to 23 sen, Saudigold fell half-a-sen to 1.0 sen, while Borneo Oil, EA Holdings, and Kinergy Advancement were flat at 1.0 sen, half-a-sen, and 33 sen respectively.
On the index board, the FBM Emas Index climbed 88.41 points to 11,351.50, the FBMT 100 Index expanded 85.83 points to 11,108.42, the FBM Emas Shariah Index jumped 106.42 points to 11,090.19, the FBM 70 Index surged 181.91 points to 16,306.56, and the FBM ACE Index added 3.29 points to 4,745.80.
Sector-wise, the Financial Services Index put on 69.71 points to 18,423.77, the Industrial Products and Services Index edged up 1.27 points to 153.32, and the Energy Index advanced 7.48 points to 754.58.
Meanwhile, the Plantation Index fell 9.24 points to 7,437.67.
The Main Market volume increased to 1.35 billion units worth RM2.18 billion from 1.03 billion units worth RM1.53 billion on Monday.
Warrants turnover slipped to 1.41 billion units worth RM224.60 million against 1.56 billion units worth RM263.35 million previously.
The ACE Market volume declined to 349.96 million units worth RM101.92 million from 409.06 million units worth RM118.37 million yesterday.
Consumer products and services counters accounted for 239.66 million shares traded on the Main Market, industrial products and services (253.92 million), construction (79.63 million), technology (209.19 million), SPAC (nil), financial services (121.48 million), property (103.50 million), plantation (17.64 million), REITs (8.41 million), closed/fund (205,200), energy (121.50 million), healthcare (63.12 million), telecommunications and media (51.62 million), transportation and logistics (29.87 million), utilities (51.86 million), and business trusts (36,600).
Source: Bernama
Comments
Post a Comment