Oops Fall Back! Exchanges Failed to Maintain Momentum Yesterday

thecekodok

 At 9.00am the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was down 1.68 points at 1,596.20 from Wednesday's close of 1,597.88.


The index opened 2.03 points weaker at 1,595.85.


It opened lower following the emergence of moderate profit-taking activity after the barometer index closed 0.76% higher as investors remained in cautious sentiment over geopolitical tensions.


On the broader market, investors saw losers outpacing gainers by 194 to 135, while 195 counters were unchanged, 1,778 untraded and 12 suspended.

Total turnover at 178.28 million units worth RM84.12 million.


Malacca Securities Sdn Bhd's note stated that the rebound in the Wall Street market was stunted due to profit-taking activity factors that spilled over into the local bourse, especially on technology stocks.



He added that investors are in a cautious sentiment over sanctions on Russia that will affect commodity prices.


Heavyweights saw Malayan Banking Bhd (Maybank) and CIMB Group Holdings Bhd up 2 sen at RM8.96 and RM5.39, Petronas Chemicals Group Bhd up 5 sen at RM9.64 and Public Bank Bhd up 1 sen at RM4.66 respectively IHH Healthcare Bhd fell 7 sen to RM6.47.


Active stocks saw CSH Alliance Bhd remain at 16.5 sen while Focus Dynamics Group Bhd, Velesto Energy Bhd, Siab Holdings Bhd and Sapura Energy Bhd rose 0.5 sen at 3.5 sen, 11 sen, 22 sen and 3.5 sen.


On the index board, the FBM 70 rose 24.27 points at 13,676.52, the FBM Emas Index added 18.18 points at 11,411.19, the FBM Emas Shariah index peaked 10.36 points at 12,016.44 and the FBMT 100 Index jumped 14.91 points at 11,099.20 while the FBM ACE lost 26.45 points at 5,556.23.


In terms of sectors, the Products and Services Industry index jumped 0.98 points at 204.92, the Plantation Decreasing index jumped 10.79 points at 8,059.19 and the Financial Services index expanded 43.10 points at 16,791.92.

Tags