news

Bursa Malaysia ends week on bearish note

KUALA LUMPUR: Bursa Malaysia, which remained in the red today, ended the week on a bearish note as negative regional sentiment continued to weigh on the market.

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was down 2.61 points to close at its intra-day high of 1,840.5, after hitting an intra-day low of 1,829.24 points earlier in the day.

Market breadth was negative with losers edging gainers by 475 to 322 while 327 counters remained unchanged, 507 untraded and 38 others suspended.

Total volume increased to 2.49 billion shares worth RM1.79 billion from 2.39 billion shares worth RM1.84 billion yesterday. Of the heavyweights, Maybank fell 3.0 sen to RM9.85, Public Bank lost 4.0 sen to RM18.90, CIMB eased 1.0 sen to RM6.99 while Tenaga Nasional added 2.0 sen to RM12.28.

Among active counters, Berjaya Corporation added 5.5 sen to 57 sen and Asia Bioenergy gained 1.0 sen to 18.5 sen.

Meanwhile, Formis Resources Bhd, which will be renamed Omesti Bhd effective 9am on September 30, closed unchanged at 65.5 sen with 100,000 shares traded.

On the scoreboard, the Industrial Index rose 6.37 points to 3,207.99, the Plantation Index edged up 2.18 points to 8,416.7, while the FBM Emas Shariah Index was down 8.89 points to 13,178.59 and the Finance Index fell 98.89 points to 17,144.77.

The FBM Emas Index was 20.33 points weaker at 12,897.05, FBMT100 Index edged down 17.32 points to 12,477.75, the FBM 70 shed 18.42 points to 14,314.01 and the FBM Ace slipped 44.99 points to 7,293.16.

Main Market volume increased to 1.8 billion units worth RM1.84 billion from 1.75 billion units worth RM1.72 billion on Thursday.

Turnover on the ACE Market rose to 623.1 million shares worth RM123.21 million from 605.53 million shares worth RM112.63 million previously.

Warrants expanded to 59.04 million units worth RM8.51 million from 33.33 million units worth RM5.42 million yesterday.

Consumer products accounted for 165.27 million shares traded on the Main Market, industrial products (231.67 million), construction (38.43 million), trade and services (1.07 billion), technology (78.42 million), infrastructure (15.12 million), SPAC (31.55 million), finance (41.15 million), hotels (791,800), properties (82.21 million), plantations (32.54 million), mining (1.67 million), REITs (7.96 million), and closed/fund (7,400).-- Bernama

Most Popular
Related Article
Says Stories