Bursa Malaysia ends flat on lack of catalysts

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KUALA LUMPUR: Bursa Malaysia ended blended as we speak, with the benchmark index barely transferring attributable to an absence of catalysts, stated an analyst.

At 5 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) inched up 1.33 factors, or 0.09 per cent, to complete at 1,526.87. The important thing index moved between 1,522.71 and 1,529.26 all through the day.

The index opened 1.22 factors higher at 1,526.76 in contrast with 1,525.54 at Friday’s shut.

On the broader market, decliners led gainers 569 to 373, whereas 449 counters have been unchanged, 931 untraded and 19 others suspended.

Turnover fell to 2.45 billion shares value RM1.99 billion from Friday’s 2.67 billion shares value RM2.01 billion.

Rakuten Commerce Sdn Bhd vice-president of fairness analysis Thong Pak Leng stated buyers have been involved in regards to the resurgence of COVID-19 circumstances and that contemporary lockdowns in Europe may have an effect on the worldwide financial restoration.

“On the home entrance, the FBM KLCI trended in a good consolidation mode for greater than per week, therefore we desire to stay cautious. As such, we anticipate the FBM KLCI to hover throughout the vary of 1,525-1,535 for subsequent week,” he advised Bernama.

From a technical perspective, fast assist is unchanged at 1,520, adopted by psychological assist at 1,500, whereas resistance at 1,565, he stated.

Among the many heavyweights, Maybank strengthened seven sen to RM8.15, IHH Healthcare jumped eight sen to RM6.62, CIMB elevated six sen to RM5.16, Public Financial institution was flat at RM4.07, Petronas Chemical substances eased one sen to RM8.30 and TNB shed 5 sen to RM9.50.

Of the actives, Dagang Nexchange went up 2.5 sen to 85 sen, NWP added one sen to 35.5 sen, JAG rose 1.5 sen to 35.5 sen, PDZ and Metronic have been one sen simpler to 5 sen and 1.5 sen, respectively, whereas CTOS slipped 10 sen to RM1.87.

On the index board, the FBMT 100 Index elevated 0.9 of-a-point to 10,896.48, the FBM Emas Index inched down 0.38 of-a-point to 11,245.26, and the FBM Emas Shariah Index discounted 15.98 factors to 12,211.77, the FBM ACE weakened 21.49 factors to six,793.57, and the FBM 70 fell 32.32 factors to 14,751.24.

Sector-wise, the Monetary Companies Index bagged 56.41 factors to fifteen,281.99, the Industrial Merchandise and Companies Index inched up 0.72 of-a-point to 200.51, and the Plantation Index expanded by 80.33 factors to six,685.43.

The Predominant Market quantity eased to 1.67 billion shares value RM1.74 billion, from 1.86 billion shares value RM1.75 billion on Friday.

Warrants turnover fell to 243.42 million items value RM33.50 million, from 298.96 million items value RM73.11 million beforehand.

The amount on the ACE Market elevated to 536.41 million shares valued at RM219.11 million from Friday’s 512.95 million shares valued at RM191.04 million.

Client services and products counters accounted for 234.41 million shares traded on the Predominant Market, industrial services and products (512.93 million), building (41.78 million), know-how (242.47 million), SPAC (nil), monetary providers (56.88 million), property (151.09 million), plantation (25.18 million), REITs (11.49 million), closed/fund (83,100), vitality (142.33 million), healthcare (52.75 million), telecommunications and media (19.47 million), transportation and logistics (165.18 million), and utilities (12.59 million). – Bernama



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