KUALA LUMPUR • Bursa Malaysia continued its downtrend to end marginally lower today due to a lack of buying interest as investors were cautious amid global economic uncertainties and US inflation data due this week, an analyst said.
At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell by 6.25 points, or 0.45%, to 1,380.57 from yesterday’s close of 1,386.82.
The barometer index opened 1.46 points higher at 1,388.28, before turning negative at mid-morning and stayed in the negative territory during the afternoon session. It was traded between an intraday low of 1,376.54 and an intraday high of 1,391.47.
On the broader market, decliners surpassed gainers 490 to 344, while 384 counters were unchanged, 1,140 untraded and 17 others suspended.
Turnover narrowed to 1.85 billion units worth RM1.56 billion from 2.35 billion units worth RM1.86 billion on Tuesday.
Rakuten Trade Sdn Bhd equity research VP Thong Pak Leng said regional key indices trended mixed as investors were cautious ahead of inflation data from the US due this week.
On the home front, he said the short-term sentiment in FBM KLCI has remained jittery due to various external factors although bargain hunting might emerge going forward.
“We anticipate the FBM KLCI to trend sideways with an upside bias for the remainder of the week within the region of 1,375-1,400,” he told Bernama.
Among the heavyweight counters, Malayan Banking Bhd rose seven sen to RM8.51, Public Bank Bhd added two sen to RM4.22, and CIMB Group Holdings Bhd went up one sen to RM5.30.
Petronas Chemicals Group Bhd inched down four sen to RM8.55 and IHH Healthcare Bhd fell 11 sen to RM5.54.
Of the actives, Citaglobal Bhd gained 3.5 sen to 28.5 sen, Top Glove Corp Bhd and Privasia Technology Bhd both rose one sen to 63.5 sen and 12 sen respectively, while NWP Holdings Bhd and MyEG Services Bhd gave up half-a-sen to 23 sen and 88 sen respectively.
On the index board, the FBM Emas Index trimmed 48.47 points to 9,852.40, the FBM 70 went down 93.41 points to 11,939.36, and the FBM T100 Index contracted 50.98 points to 9,604.01.
The FBM Emas Shariah Index dropped 89.15 points to 9,821.63 and the FBM ACE reduced by 21.47 points to 4,631.37.
Sector-wise, the Financial Services Index was 38.63 points higher at 15,923.77, while the Industrial Products and Services Index eased by 1.35 points to 169.24.
The Plantation Index slipped 11.23 points to 6,364.52, and the Energy Index shaved 0.98 of a point to 674.78.
The Main Market volume narrowed to 1.11 billion shares worth RM1.37 billion versus 1.48 billion shares worth RM1.62 billion on Tuesday.
Warrant turnover rose to 364.45 million units valued at RM48.22 million from 343.11 million units valued at RM53.76 million previously.
The ACE Market volume decreased to 375.39 million shares worth RM140.89 million against 521.01 million shares worth RM184.89 million yesterday.
Consumer products and services counters accounted for 174.28 million shares traded on the Main Market, industrial products and services (316.96 million), construction (39.52 million), technology (111.73 million), SPAC (nil), financial services (71.75 million), property (76.25 million), plantation (23.03 million), REITs (5.18 million), closed/fund (100), energy (132.58 million), healthcare (86.28 million), telecommunications and media (32.77 million), transportation and logistics (24.58 million) and utilities (10.49 million). — Bernama/pic by TMR
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