Is This A Sign Of Local Investors Starting To Desperate?

thecekodok

 Guided by Wall Street's weak performance, the local market started the trading session in negative territory today.


At the opening, the FBM KLCI index started up 2.57 points at 1,468.99 before falling 0.56 points at 1,471.00 compared to Monday's close at 1,471.56.


In the broader market, losses at 301 outpaced gains at 229, while 295 counters were unchanged, 1,416 untraded and 9 suspended.


Total revenue at 729.65 million units worth RM226.56 million.


Comment from Rakuten Trade Sdn Bhd, even though there is a selling session, buying activity is expected to emerge with the positive situation in China as a catalyst for sentiment.



As a result, the KLCI is predicted to rebound to hover at 1,470-1,490.


Heavyweight stocks saw Petronas Chemicals Group Bhd, Hong Leong Bank Bhd and Press Metal Aluminum Holdings Bhd up 2 sen at RM8.52, RM20.52 and RM4.81, Tenaga Nasional Bhd (TNB) added 6 sen at RM9.13, IHH Healthcare Bhd jumped 5 sen to RM5.90.


Maybank remained at RM8.58, Public Bank Bhd fell 1 sen to RM4.43 and CIMB Group Holdings Bhd fell 3 sen to RM5.61.


Active shares saw Dataprep Holdings Bhd gain 4.5 sen to 32 sen, Euro Holdings Bhd gained 3 sen to 14.5 sen, Sarawak Consolidated Industries Bhd gained 1.5 sen to 16.5 sen, MQ Technology Bhd remained at 7 sen and Advance Synergy Bhd was down 0.5 sen to 18.5 penny


On the index board, the FBM Emas index fell 5.46 points at 10,581.23, the FBMT 100 index lost 4.45 points at 10,274.68, the FBM Emas Shariah index fell 0.60 points at 10,766.85 and the FBM 70 lost 7.76 points at 12,939.41 while the FBM ACE rose 25.70 points at 5,448.87.


In terms of sectors, the Financial Services index fell 12.36 points at 16,433.49, the Products and Services index rose 0.42 points at 181.98, the Plantation index fell 25.38 points at 6,727.68 and the Energy index fell 3.94 points at 810.82.

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