Bursa Make a 'Drift & Pull the Brake' to Safe From Falling in the Corner

thecekodok

 Profit-taking activities on the transport and logistics and energy counters made the stock market open weak in addition to the United States (US) election factor.


At the opening, the FBM KLCI index started up 3.88 points at 1,442.31 before falling 5.23 points at 1,440.96 compared to Wednesday's close at 1,446.19.


In the broader market, losses at 236 outpaced gains at 66, while 175 counters were unchanged, 1,849 untraded and 28 suspended.


Total revenue at 134.94 million units worth RM42.33 million.


According to Rakuten Trade Sdn Bhd, the KLCI is expected to avoid a fall from its massive sell-off at the end of October with the index possibly hovering in the 1,440-1,455 range.



In addition, banking and telecommunications themed shares will be the choice of investors today.


Heavyweight stocks saw Dialog Group Bhd down 1 sen at RM2.03, IHH Healthcare Bhd and Maxis Bhd down 7 sen at RM5.90 and RM3.79, Maybank down 2 sen at RM8.61 and Petronas Chemicals Group Bhd lost 4 sen at RM8.51.


Active shares showed Euro Holdings Bhd and Avillion Bhd down 0.5 sen at 13 sen and 10 sen, Citaglobal Bhd down 1 sen at 25 sen, Advance Synergy Bhd remained at 11.5 sen and Lingkaran Trans Kota Holdings Bhd up 4 sen at 50 sen.


On the index board, the FBM Emas index fell 35.43 points at 10,224.02, the FBM Emas Shariah index dropped 39.54 points at 10,284.20, the FBM 70 budded 34.42 points at 12,122.82, the FBMT 100 index fell 34.30 points at 9,959.46 and the FBM ACE plunged 34.36 points at 98,897.


In terms of sectors, the transport and logistics index fell 73.44 points to 802.80, the Products and Services index fell 0.68 points to 173.64, the Plantation index fell 12.70 points to 6,836.86, the Financial Services index fell 35.89 points to 16,224.95 and the Energy index fell 9.62 points to 712.01.

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