KUALA LUMPUR: Bursa Malaysia remained within the unfavorable territory at midday, dragged primarily by healthcare-related and telco counters.
At 12.30pm, the FBM KLCI declined 1.59 factors to .
There had been 272 gainers, 564 losers and 317 counters traded unchanged on the Bursa Malaysia. Turnover stood at 1.3 billion shares value at RM875.04mil.
Malacca Securities believed revenue taking actions would possibly emerged within the native bourse taking cue from the softer performances on Wall Street following the Fed’s affirmation on the upcoming fee hikes route and steady bond tapering shifting ahead.
“On a side note, the festive season maximum price control scheme for the Chinese New Year may impact the poultry and consumer-related sectors.
“Commodities wise, both the CPO and crude oil prices rose, with the latter closing just slightly below the US$90 per barrel mark,” it stated.
Meanwhile, Rakuten Trade anticipated the index to pattern across the 1,500-1,515 vary as we speak.
“While the Brent crude is inching closer to the US$90 a barrel, the crude palm oil is also set to end January at record high currently hovering at RM5500 per tonne,” it stated.
Hartalega
fell seven sen to RM5.42, Top Glove misplaced 4 sen to RM2.04 and IHH Healthcare declined two sen to RM6.34.
Among the telcos, Digi fell 5 sen to RM3.77, Axiata eased three sen to RM3.64, Telekom Malaysia declined two sen to RM5.04 and Maxis gave up one sen to RM4.24
On the broader market, Dutch Lady fell 50 sen to RM32.10, Vitrox misplaced 28 sen to RM7.67 and Heineken shed 26 sen to RM20.40.
