KUALA LUMPUR, July 21 (Bernama) -- Bursa Malaysia’s key index closed marginally lower on Tuesday, weighed down by continued profit-taking, although the positive market breadth indicated that selective buying interest remained intact. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.92 points, or 0.11 per cent, to close at 1,720.37 from Monday's close of 1,722.29. The index opened 3.33 points higher at 1,725.62, and moved between 1,712.66 and 1,726.88 throughout the day. On the broader market, advancers beat decliners 579 to 512, while 539 counters were unchanged, 1,105 untraded, and 12 suspended. Turnover increased to 3.48 billion units valued at RM2.79 billion from 3.27 billion units valued at RM2.21 billion on Monday.
KUALA LUMPUR, July 21 (Bernama) -- Bursa Malaysia’s key index closed marginally lower on Tuesday, weighed down by continued profit-taking, although the positive market breadth indicated that selective buying interest remained intact.
At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.92 points, or 0.11 per cent, to close at 1,720.37 from Monday's close of 1,722.29.
The index opened 3.33 points higher at 1,725.62, and moved between 1,712.66 and 1,726.88 throughout the day.
On the broader market, advancers beat decliners 579 to 512, while 539 counters were unchanged, 1,105 untraded, and 12 suspended.
Turnover increased to 3.48 billion units valued at RM2.79 billion from 3.27 billion units valued at RM2.21 billion on Monday.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said regional equities advanced as improving prospects for diplomatic negotiations in West Asia eased crude oil prices and boosted overall risk appetite.
“Looking ahead, investors will closely monitor earnings from major US technology companies, including Alphabet, Tesla and Intel, for confirmation that heavy artificial intelligence (AI)-related investments are translating into stronger revenue growth and profitability,” he told Bernama.
On the domestic front, Thong expects the benchmark index to remain in a consolidation phase within the 1,710–1,740 range this week.
He said investors are likely to stay selective ahead of key US corporate earnings, while improving global risk sentiment and softer crude oil prices could provide near-term support.
“Nevertheless, sustained foreign fund inflows, resilient domestic economic fundamentals and continued accumulation of fundamentally strong large-cap stocks should help cushion downside risks.
“We expect sector rotation to remain active, with investors favouring companies offering resilient earnings growth and attractive valuations,” he said.
Among the heavyweight counters, Maybank and IHH Healtcare were both flat at RM11.02 and RM8.50, respectively, Public Bank inched up one sen to RM5.20, Tenaga Nasional gained 26 sen to RM14.56, while CIMB slid seven sen to RM7.68.
Among active stocks, Main Market debutant Stratus Global surged RM1.31 to RM2.11, VS Industry added 2.5 sen to 25 sen, Zetrix AI edged up one sen to 73 sen, Dagang NeXchange gained two sen to 46.5 sen, and Aimax was unchanged at one sen.
Among top gainers, Malaysian Pacific Industries garnered RM2.18 to RM46.84, Mi Technovation soared RM1.05 sen to RM5.92, Nestle advanced 46 sen to RM93.12, UMS Integration rose by 41 sen to RM8.19, and Unisem was 37 sen higher at RM4.85.
United Plantations led the decliners, slipping 86 sen to RM33.74, Kuala Lumpur Kepong dipped 44 sen to RM21.14, Fraser & Neave lost 34 sen to RM28.80, Petronas Gas fell 22 sen to RM17.40, and Petronas Dagangan erased 16 sen to RM19.50.
Among the broader indices, the FBM Emas Shariah Index climbed 14.80 points to 12,544.45, the FBM Emas Index was 8.58 points higher at 12,709.76, and the FBM Top 100 Index put on 5.97 points to 12,538.13.
The FBM Mid 70 Index increased by 93.89 points to 18,008.78 and the FBM ACE Index advanced 56.09 points to 4,966.86.
By sector, the Financial Services Index inched up 1.95 points to 20,300.13, the Industrial Products and Services Index perked up 0.05 of a point to 187.24, while the Energy Index shed 5.36 points to 770.40.
The Plantation Index tumbled 136.53 points to 9,357.01.
The Main Market volume improved to 1.86 billion units valued at RM2.48 billion compared to 1.62 billion units valued at RM1.93 billion on Monday.
Warrants turnover slipped to 1.11 billion units worth RM138.80 million versus 1.20 billion units worth RM141.55 million previously.
The ACE Market volume expanded to 496.93 million units valued at RM171.87 million from 422.86 million units valued at RM135.92 million yesterday.
Consumer products and services counters accounted for 122.01 million shares traded on the Main Market, industrial products and services (405.41 million), construction (102.13 million), technology (657.64 million), financial services (68.45 million), property (154.60 million), plantation (29.86 million), real estate investment trusts (10.23 million), closed-end fund (44,200), energy (147.26 million), healthcare (73.57 million), telecommunications and media (18.83 million), transportation and logistics (34.38 million), utilities (42.91 million), and business trusts (8,300).
Source: Bernama
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