Bursa Malaysia falls as worries over Ukraine nuclear disaster spooks investors

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KUALA LUMPUR: Bursa Malaysia ended decrease immediately attributable to profit-taking actions throughout the board amid the weaker regional market sentiment on stories that Russia has seized a Ukrainian nuclear energy plant, the biggest in Europe, a supplier stated.

Markets within the area had been additionally spooked by earlier stories {that a} constructing within the nuclear complicated had caught fireplace throughout combating between Russian and Ukrainian forces, though the newest report is that the fireplace had been extinguished.

At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 14.6 factors to 1,603.94 from 1,618.54 at yesterday’s shut.

The barometer index, which opened 2.54 factors decrease at 1,616.00, moved between 1,598.17 and 1,616.28 all through the buying and selling session.

The broader market was detrimental with decliners beating gainers 849 to 239, whereas 341 counters had been unchanged, 811 untraded, and 9 others suspended.

Turnover improved to three.44 billion models valued at RM3.29 billion from Thursday’s 3.43 billion models valued at RM3.76 billion.

Rakuten Trade Sdn Bhd vice-president of fairness analysis Thong Pak Leng stated the Russia-Ukraine disaster has continued to harm market sentiment following the combating at Europe’s largest nuclear energy station in Ukraine, with stories {that a} constructing had caught fireplace and that Russia has seized management of the plant.

“Investors are additionally anxious that sanctions imposed on Russia, together with the following surge in oil costs, may derail financial restoration even as the US Federal Reserve prepares to start elevating rates of interest,” he advised Bernama.

Despite the market correction, the FBM KLCI stays nicely supported to remain above the 1,600 stage, he added.

Among the heavyweights, Maybank misplaced 12 sen to RM9.0, Public Bank eased one sen to RM4.42, Petronas Chemicals gained 4 sen to RM10.04, Press Metal stayed at RM7.22 and IHH Healthcare rose three sen to RM6.60. Of the actives, SMTrack slid half-a-sen to 19.5 sen, Dagang Nexchange shed six sen to RM1.02 and China Automobile gained one sen to 2 sen.

On the index board, FBM ACE was down 168.53 factors to five,508.06, FBM 70 lowered 250.90 factors to 13,187.19, FBM Emas Index fell 136.16 factors to 11,341.51, FBMT 100 Index slipped 123.061 factors to 11,031.13, and FBM Emas Shariah Index contracted 162.28 factors to 12,079.37.

Sector-wise, the Financial Services Index gave up 114.25 factors to 16,393.23, the Industrial Products and Services Index was 1.10 factors weaker at 213.22, and the Plantation Index lowered 235.08 factors to eight,547.51.

The Main Market quantity expanded to three.44 billion shares value RM3.29 billion from 2.55 billion shares value RM3.53 billion on Thursday.

Warrants turnover rose to 374.88 million models value RM41.36 million in contrast with 326.85 million models value RM37.66 million yesterday.

The ACE Market quantity widened to 689.71 million shares valued at RM213.64 million versus 547.28 million shares valued at RM186.60 million beforehand.

Consumer services counters accounted for 268.13 million shares traded on the Main Market, industrial services (751.93 million), development (109.24 million), know-how (295.17 million), SPAC (nil), monetary companies (85.86 million), property (165.26 million), plantation (245.81 million), REITs (7.69 million), closed/fund (86,500), vitality (275.41 million), healthcare (70.51 million), telecommunications and media (30.15 million), transportation and logistics (34.22 million), and utilities (33.70 million). – Bernama



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