KUALA LUMPUR: Bursa Malaysia ended barely lower at the moment on last-minute promoting that halted the important thing index’s restoration as buyers adopted a wait-and-see perspective earlier than taking additional place forward of the tabling of Budget 2024 subsequent week, a vendor mentioned.
Apex Securities Bhd head of analysis Kenneth Leong reckoned the FTSE Bursa Malaysia KLCI (FBM KLCI) might discover stability as bargain-hunting actions could emerge over the near-term.
“Investors may monitor the US unemployment information to be launched tomorrow night time to gauge the well being of the world’s largest economic system,” he instructed eNM.
With the FBM KLCI searching for stability alongside the assist degree of 1,413, Rakuten Trade Sdn Bhd vice-president of fairness analysis Thong Pak Leng mentioned, any restoration might be measured in direction of the near-term resistance at 1,424.
“Should or not it’s unable to carry on the 1,413 degree, additional correction could ship the important thing index in direction of the subsequent assist at 1,395,” he mentioned.
At 5pm, the FBM KLCI eased 0.24 of-a-point to 1,415.60 from yesterday’s closing of 1,415.84.
The index, which opened 2.4 factors lower at 1,413.44, moved between 1,412.17 and 1,420.61 in the course of the day.
However, market breadth was constructive with gainers outpacing decliners 453 to 355, whereas 503 counters have been unchanged, 977 untraded and 15 others suspended.
Turnover elevated to three.11 billion models value RM2.25 billion from 3.02 billion models value RM2.23 billion yesterday.
Among heavyweight counters, Maybank gained three sen to RM8.76, CIMB added one sen to RM5.41, Petronas Chemicals was flat at RM7.10 and Public Bank shed one sen to RM4.04.
Of the actives, KNM edged up one sen to 17.5 sen, Sarawak Consolidated firmed two sen to 49.5 sen, Ekovest improved 0.5 sen to 54 sen, Boustead Plantations perked 13 sen to RM1.40, and UEM Sunrise slid 3.5 sen to 78.5 sen.
On the index board, the FBM Emas Index shaved 0.05 of-a-point to 10,493.79, the FBMT 100 Index trimmed 2.47 factors to 10,162.29, and the FBM Emas Shariah Index dropped 1.84 factors to 10,780.24.
The FBM 70 Index eased 6.62 factors to 13,990.07 and the FBM ACE Index weakened 8.78 factors to five,111.64.
Sector-wise, the plantation index inched up by 11.78 factors to six,837.61 and the monetary companies index elevated 31.54 factors to fifteen,863.67, whereas the vitality index retreated 8.78 factors to 849.27 and the commercial services and products index slid 0.2 of-a-point to 169.91.
The Main Market quantity elevated to 2.06 billion models value RM2.02 billion from 1.92 billion models value RM1.96 billion yesterday.
Warrants turnover dropped to 291.8 million models valued at RM34.6 million towards 318.23 million models valued at RM41.74 million beforehand.
The ACE Market quantity shrank to 730.9 million shares value RM193.29 million from 785.42 million shares value RM231.29 million beforehand.
Consumer services and products counters accounted for 254.43 million shares traded on the Main Market, industrial services and products (394.02 million); development (156.71 million); expertise (135.23 million); SPAC (nil); monetary companies (108.41 million); property (269.06 million); plantation (102.13 million); REITs (10.25 million), closed/fund (50,000); vitality (430.89 million); healthcare (51.33 million); telecommunications and media (29.91 million); transportation and logistics (64.37 million) and utilities (59.65 million).
