Bursa Malaysia ends morning session in red, CI down by 0.1%


KUALA LUMPUR – Bursa Malaysia ended the morning trading session in the red following moderate profit-taking, echoing most regional equity markets.

At 12.30 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) lost 1.6 points to 1,538.29 from 1,539.89 yesterday.

The index opened 0.5 of-a-point higher at 1,536.45, oscillating between 1,536.45 and 1,542.80 throughout the session.

On the broader market, losers led gainers 378 to 339, while 431 counters were unchanged, 1,163 untraded and 37 others suspended.

Turnover stood at 1.29 billion units worth RM927.38 million.

Rakuten Trade Sdn Bhd said the market sentiment turned cautious amidst the surge in COVID-19 Omicron variant cases globally, resulting in heightened market volatility.

“On the home front, the FBM KLCI ended on a two-month high yesterday, and though we expect ongoing bargain hunting to continue, sentiments may turn lukewarm ahead of a more volatile regional performance.

“As such, we expect the index to trend around the 1,535-1,545 range today,” it said in a note.

At 12.38 pm, Japan’s Nikkei lost 0.78 per cent to 28,842.73, South Korea’s KOSPI fell 0.94 per cent to 2,991.77 and Hong Kong’s Hang Seng fell 0.95 per cent to 23,059.85, while Singapore’s Strait Times advanced 0.19 per cent to 3,134.33.

Among the heavyweights, Maybank and Public Bank fell one sen each to RM8.29 and RM4.17, respectively, and CIMB was four sen lower at RM5.38, while both PChem and IHH were two sen higher at RM8.90 and RM6.78, respectively.

Of the actives, Swift added four sen to 99 sen, Ataims accumulated two sen to 63.5 sen and Atech was 22 sen better at RM2.49, while XOX, AT and SMTrack were all flat at three sen, 3.5 sen and 14.5 sen, respectively.   

On the index board, the FBM Emas Shariah Index increased 7.98 points to 12,020.28 and the FBM ACE gained 11.04 points to 6,334.53.

The FBM Emas Index was 8.06 points easier at 11,155.65, the FBMT 100 Index erased 9.01 points to 10,855.29 and the FBM 70 fell 1.93 points to 14,202.07.

Sector-wise, the Plantation Index eased 45.63 points to 6,531.82 and the Financial Services Index went down 19.36 points to 15,553.13, while the Industrial Products and Services Index edged up 0.28 points to 201.31.