KUALA LUMPUR: Bursa Malaysia completed lower as we speak on last-minute selling in heavyweights.
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) moved in optimistic territory earlier however profit-taking in index-linked counters emerged within the final 10 minutes of buying and selling, pushing the important thing index to settle at its intraday low.
At 5 pm, the FBM KLCI fell 1.48 factors to finish at 1,595.70 in contrast with Wednesday’s shut of 1,597.18.
The barometer index moved between 1,595.70 and 1,602.38 all through the day, after opening 3.92 factors higher at 1,601.10.
On the broader market, losers outpaced gainers 465 to 445 with 440 counters unchanged, 903 untraded and 27 others suspended.
Total turnover decreased to three.32 billion models price RM2.0 billion from 3.54 billion models price RM2.42 billion on Wednesday.
Speaking to Bernama, Rakuten Trade Sdn Bhd vice-president of fairness analysis Thong Pak Leng mentioned the index ended flattish after a curler coaster buying and selling session.
“The benchmark index retreated after hitting an intraday excessive of 1,602.38 when buyers started to take income,” he mentioned.
Thong mentioned China hinted that it could loosen its financial coverage additional and the bond market dialled again bets on aggressive rate of interest hikes from the US Federal Reserve inflicting the Shanghai’s SSE Composite Index to leap 1.22 per cent.
Back house, the FBM KLCI trended in a good vary as we speak attributable to lack of shopping for help.
“Market sentiments are nonetheless cautious regardless of the persistent web influx from international funds which topped RM6.9 billion yr to this point.
“Hence, we count on the FBM KLCI to stay in consolidation mode and hovering throughout the 1,585-1,600 vary in direction of the weekend,” he added.
Heavyweights Maybank slid one sen to RM8.83, CIMB misplaced 14 sen to RM5.14, each Public Bank and Petronas Chemicals have been flat at RM4.67 and RM10.26, however IHH Healthcare elevated eight sen to RM6.52.
Of the actives, Pappajack rose 4 sen to 52.5 sen, Sapura Energy ticked up half-a-sen to 4 sen, MNC Wireless slipped half-a-sen to three.5 sen, whereas Key Alliance and Permaju have been flat at one sen and eight.5 sen.
On the index board, the FBMT 100 Index decreased 8.83 factors to 11,101.57 FBM Emas Index was 8.64 factors weaker at 11,454.69, FBM 70 diminished 4.97 factors to 13,805.68, whereas FBM Emas Shariah Index rose 9.57 factors to 12,095.39 and the FBM ACE expanded 22.67 factors to five,846.32.
Sector-wise, the Industrial Products and Services Index edged up 0.82 of-a-point to 214.57, the Financial Services Index contracted 53.42 factors to 16,679.58, and the Plantation Index weakened 40.67 factors to eight,464.91.
The Main Market quantity fell to 2.07 billion shares price RM1.78 billion in contrast with 2.48 billion shares price RM2.0 billion on Wednesday.
Warrants turnover expanded to 256.90 million models valued at RM42.18 million in opposition to 239.55 million models valued at RM41.68 million yesterday.
The ACE Market quantity leaped to 996.20 million shares price RM175.70 million versus 825.48 million shares price RM195.86 million beforehand.
Consumer services counters accounted for 677.98 million shares traded on the Main Market, industrial services (450.37 million), development (199.34 million), know-how (138.20 million), SPAC (nil), monetary providers (58.35 million), property (226.01 million), plantation (46.75 million), REITs (7.56 million), closed/fund (13,500), power (148.82 million), healthcare (38.89 million), telecommunications and media (28.49 million), transportation and logistics (31.26 million), and utilities (16.82 million). – Bernama