Bursa Malaysia ends 2.24pts up on final minute shopping for

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KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) closed 2.24 factors up on the intra-day excessive of 1,525.13 at present after erasing losses on last-minute shopping for in heavyweights, primarily Prime Glove, KL Kepong and Petronas Dagangan.

The index, which opened 0.47 of-a-point simpler at 1,522.42, moved between 1,519.07 and 1,523.13 all through the buying and selling session.

On the broader market, losers thumped gainers 715 to 260, whereas 417 counters had been unchanged, 939 untraded and 48 others suspended.

Turnover stood at 3.15 billion shares value RM2.46 billion from yesterday’s 3.15 billion shares value RM2.26 billion.

Financial institution Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid stated the FBM KLCI remained lacklustre at present consistent with the regional bourses.

“From a technical standpoint, the FBM KLCI is already within the oversold place with the present assist and resistant stage at 1,483.75 and 1,533.82 factors respectively.

“Concern over the opportunity of a sooner-than-expected rise in the USA rate of interest coupled with the rising variety of COVID-19 instances might have restricted the upside potential for the FBM KLCI for the time being,” he informed Bernama.

As such, he stated the FBM KLCI is anticipated to vary between 1,520 and 1,530 within the quick time period.

Among the many heavyweights, Maybank fell two sen to RM8.07 and Public Financial institution rose three sen to RM4.05, whereas Petronas Chemical substances and IHH Healthcare had been flat at RM8.31 and RM6.55 respectively.

Prime Glove improved 9 sen to RM2.51, KL Kepong superior 30 sen to RM20.44 and Petronas Dagangan climbed 24 sen to RM19.88.

As for the actives, VSolar was flat at 1.5 sen, Brahims erased eight sen to 14 sen and Dagang Nexchange was one sen decrease at 82 sen.

On the index board, the FBM Emas Index eased 12.09 factors to 11,251.38, the FBMT 100 Index decreased 1.41 factors to 10,901.37, the FBM Emas Shariah Index dipped 35.95 factors to 12,230.54, the FBM ACE weakened 54.09 factors to six,804.14, and the FBM 70 was 69.82 factors decrease at 14,825.49. Sector-wise, the Monetary Companies Index rose 38.76 factors to fifteen,192.75, the Industrial Merchandise and Companies Index trimmed 1.55 factors to 198.50, and the Plantation Index bagged 22.54 factors to six,543.90.

The Predominant Market quantity decreased to 2.0 billion shares value RM2.09 billion from 2.12 billion shares value RM1.95 billion on Tuesday.

Warrants turnover rose to 301.88 million models value RM61.42 million versus 278.47 million models value RM58.72 million beforehand.

Quantity on the ACE Market improved to 824.87 million shares valued at RM308.96 million from yesterday’s 758.86 million shares valued at RM251.03 million.

Client services counters accounted for 367.02 million shares traded on the Predominant Market, industrial services (658.31 million), development (61.86 million), know-how (325.63 million), SPAC (nil), monetary providers (59.43 million), property (145.25 million), plantation (12.17 million), REITs (11.87 million), closed/fund (3,000), power (159.98 million), healthcare (78.55 million), telecommunications and media (18.57 million), transportation and logistics (72.97 million), and utilities (28.11 million). – Bernama



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