Exchange too much moves, now 'bleed'

thecekodok

 At 9am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 2.12 points at 1,547.78 from Thursday's closing at 1,549.90.


The index opened 1.34 points at 1,551.24.


The exchange opened slightly but retreated due to the sale of several counters during the mixed market sentiment despite Wall Street strengthened.


In the widespread market, investors saw a profit counter at 239 over the loss counter in 137, while 237 counters were unchanged, 1,633 were untraded and 12 suspended.


Total procurement at 313.43 million units worth RM105.21 million.



Note Malacca Securities Sdn Bhd stated that Wall Street suffered a bounce that recovered losses with poor labor data.


As a result, they expect Bargain-Hunting activities to emerge in all local sectors based on Wall Street's overnight performance.


High weight shares saw Malayan Banking Bhd (Maybank) and Petronas Chemicals Group Bhd lost 3 sen at RM8.91 and RM9.96, IHH Healthcare Bhd and CIMB Group Holdings Bhd fell 4 sen at RM6.50 and RM5.14 while Public Bank Bhd Add 1 cent to RM4.62.


Active shares show Dynamic Holdings Bhd rose 2.5 sen to 13 sen while his warrant reached 1 sen at 5 sen, MQ Technology Bhd and Dagang Nexchange Bhd (DNEX) added 0.5 sen to 5.5 sen and RM1 while Sapura Energy Bhd fell 0.5 sen at 5.5 sen .


On the Index board, FBM Ace scored 27.34 points at 5,263.74, the Shariah Gold FBM Index rose 2.85 points at 11,399.45 and The FBM 70 jumped 37.12 points at 13,304.17 while the FBM Gold Index spread 1.86 points at 11,056.04 and the FBMT 100 index of 4.26 points at 10,751.95.


In terms of sector, the product and services industry index of 0.22 points at 200.13, the financial services index decreased 19.59 points at 16,726.30 while the plantation index increased 19.02 points at 7,921.07.

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