Bursa Malaysia snaps six-day winning streak to end lower

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KUALA LUMPUR: Bursa Malaysia snapped a six-day winning streak to shut lower on Thursday, taking cues from the combined world market efficiency amid reasonable profit-taking actions.

As at 5 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) dipped 1.43 factors to end at 1,543.61 in contrast with 1,545.04 yesterday.

The index opened 0.31 of-a-point weaker at 1,544.73 this morning, went via uneven buying and selling all through the day, and moved between 1,539.57 and1,547.75.

On the broader market, gainers led losers 448 to 408 whereas 436 counters have been unchanged, 1,019 untraded, and 53 others suspended.

Turnover fell to 2.24 billion models valued at RM1.51 billion from Wednesday’s 2.41 billion models valued at RM1.83 billion.

Key regional indices have been largely within the pink following a combined Wall Street in a single day.

Japan’s Nikkei 225 misplaced 0.40 per cent to 28,791.71, South Korea’s KOSPI fell 0.52 per cent to 2,977.65 and Singapore’s Strait Times Index was down 0.36 per cent to 3,126.64, however Hong Kong’s Hang Seng rose 0.11 per cent to 23,112.01.

Among the heavyweights, Petronas Chemicals erased 10 sen to RM8.79, Public Bank misplaced 4 sen to RM4.15, Hong Leong Bank fell 24 sen to RM18.44, and Maybank was three sen lower at RM8.30.

Of the actives, SMTrack added two sen to 17.5 sen, AT Systematization misplaced half-a-sen to three sen, XOX and DGB have been flat at three sen respectively, whereas NWP superior one sen to 25 sen. – Bernama



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