The Stock Finally Loses At The End Of The Weekend

thecekodok

 At 9am the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was up 3.83 points at 1,537.32 from Thursday's close of 1,541.15.


The index opened 0.45 points lower at 1,540.70.


The bourse opened this weekend morning on a weak performance due to moderate profit-taking activity on selected heavyweights, despite a positive trend in regional markets.


On the broader market, investors saw losers at 378 outpacing gainers at 293, while 328 counters were unchanged, 1,321 untraded and 40 suspended.


Total turnover at 951.39 million units worth RM442.93 million.



A note from Malacca Securities Sdn Bhd noted the rebound and buying interest on Wall Street spilled over to local tech stocks.


He added that investors may need to pay attention to technology stocks as part of their earnings have stabilized in the recent reporting season.


Heavyweights saw Malayan Banking Bhd (Maybank) fall 1 sen to RM8.97, Public Bank Bhd fell 2 sen to RM4.58 and Petronas Chemicals Group Bhd (PetChem) rose 10 sen to RM9.97 while IHH Healthcare Bhd and CIMB Group Holdings Bhd remained at RM6.49 and RM5.01, respectively.


Active stocks saw Sapura Energy Bhd and Cnergenz Bhd add 1 sen at 8.5 sen and 68.5 sen, and Techna-X Bhd gained 0.5 sen at 5.5 sen while Ta Win Holdings Bhd remained at 12.5 sen.


On the index board, FBM ACE declined 27.91 points at 5,178.07, FBM Emas Shariah index declined 3.54 points at 11,350.28, FBM Emas index declined 16.03 points at 10,968.51, FBMT100 index declined 16.05 points at 10,659.76 and FBM70 strengthened 22.89 points at 13,18.98.


In terms of sectors, the Products and Services Industry index recovered 0.24 points at 198.58, the Financial Services index reached 19.25 points at 16,570.6 and the Plantation index drove 1.26 points at 7,989.95.

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