KUALA LUMPUR: Shares on Bursa Malaysia settled lower on Thursday, on profit-taking, mirroring the performance of its regional peers.
The benchmark index closed down 10.29 points, or 0.67% to 1,514.95 after moving between 1,524.68 and 1,513.78.
There were 634 decliners, 334 gainers and 451 counters unchanged. Turnover stood at 3.29 billion shares worth RM1.98bil.
Dealers noted that the key index languished in the negative territory as investors took profits off the table after recent gains.
They expect the key index to trade sideways as investors remain cautious in view of the country’s political development.
Asia benchmarks finished mostly lower today as Hang Seng Index and Shanghai Composite shed 2.13% and 0.57% respectively.
South Korea’s Kospi ended down 61.10 points, or 1.93%, at 3,097.83, marking the lowest close since April 1.
The Nikkei 225 slid 1.1% or 304.74 points to 27,281.17.
Reuters reported that Japan’s Nikkei share average fell sharply on Thursday to hit a seven-month low following a report that Toyota Motor plans to slash its global output by 40% next month due to chip shortages.
Data on Bursa Malaysia showed foreign funds and retailers were net buyers at RM32mil and RM21mil on Wednesday. Local institutions were net sellers at RM53mil.
On Bursa Malaysia, Nestle was the top gainer, rising 80 sen to RM134, followed by Bintulu Port, which climbed 30 sen to RM4.60, and Computer Forms, which rose 30 sen to RM1.11.
ViTrox fell 66 sen to RM18.84, Carlsberg lost 56 sen to RM21.54, Heineken gave up 54 sen to RM22.26 and KESM shed 36 sen to RM12.30.
Among the banks, Maybank fell five sen to RM8.09, Public Bank declined three sen to RM3.91, CIMB fell one sen to RM4.60, Hong Leong Bank lost two sen to RM18.30 and RHB Bank closed two sen lower at RM5.28.
