KUALA LUMPUR: The FBM KLCI began the primary buying and selling day of 2022 with sharp promoting as traders took revenue after a late surge within the earlier session.
At 9.05am, the benchmark index was down 14.62 factors to 1,552.91, staying above the 1,500 psychological stage.
“The FBM KLCI ticked greater on the final buying and selling day of 2021 as bargain-hunting actions primarily in banking and telecommunication heavyweights picked up within the remaining buying and selling hour.
“Following a unstable 12 months of buying and selling, the native bourse might stage a restoration transferring ahead with recovery-themed sectors being the principle focus,” mentioned Malacca Securities Research.
The analysis agency cautioned nevertheless that sentiment might stay dampened by the surging Omicron variant infections all over the world.
In different developments, the return of the share buying and selling stamp obligation cap at RM1,000 might give market gamers motive to cheer, it added.
On the blue-chip index, most counters took a tumble with IHH seeing the heaviest promoting.
The healthcare group skidded 40 sen to RM6.94 whereas telcos Maxis dropped 24 sen to RM4.61 and Axiata dropped 24 sen to RM3.92.
In banks, Maybank slipped two sen to RM8.28, Publilc Bank shed two sne to RM4.14, CIMB was down three sen to RM5.42 and Hong Leong Bank remained untraded.
Plantation counters held agency with Sime Darby Plantation
unchanged at RM3.76 and Kuala Lumpur Kepong additionally flat at RM21.78.
On the broader market there have been 186 decliners versus 178 gainers.
Leading gainers included Genetec including 30 sen to RM39.76, United Plantation gaining 12 sen to RM14 and Kobay climbing 11 sen to RM6.14.
Vitrox shed 10 sne to RM19.82, UWC fell 12 sen to RM6.09 and BIMB was down ight sen to RM2.92.
Of actives, SMTrack was unchanged at 19 sen, AT Systemization flat at three sen to and DGB three unmoved at three sen.
