KUALA LUMPUR: Bursa Malaysia ended the week marginally higher right now on account of late buying, significantly in telecommunications and banking stocks, a supplier stated.
Rakuten Trade fairness analysis vice-president Thong Pak Leng stated the uncertainty concerning the regional outlook arose on account of combined financial information from China, resulting in nervousness amongst traders.
“On the native entrance, we anticipate the near-term outlook to be optimistic, supported by the first rate earnings efficiency for the third quarter of 2023 and steady international buying,” he informed eNM.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) improved 0.25% or 3.64 factors to 1,456.38 from yesterday’s shut of 1,452.74.
The benchmark index opened 0.74 of-a-point decrease at 1,452 and moved between 1,450.09 and 1,456.52 all through the buying and selling session.
However, market breadth was unfavorable, with decliners main gainers by 467 to 432, whereas 435 counters have been unchanged, 988 untraded, and 27 others suspended.
Turnover shrank to three.23 billion items value RM2.26 billion from 4.25 billion items value RM4.97 billion yesterday.
Among the heavyweights, Maybank gained two sen to RM9.00, Public Bank added 5 sen to RM4.32, CIMB rose 12 sen to RM5.77, Maxis improved six sen to RM3.96, and Telekom Malaysia perked up three sen to RM5.30.
As for essentially the most energetic counters, Velesto, Reneuco and Widad put on 0.5 sen every to 22.5 sen, 19.5 sen and 47 sen respectively, Leform ticked up two sen to 34 sen, whereas Sarawak Consolidated was unchanged at 77 sen.
On the index board, the FBM Emas Index was 1.75 factors weaker at 10,725.65, the FBMT 100 Index slid 1.77 factors to 10,394.78 and the FBM Emas Shariah Index slipped 51.78 factors to 10,877.58.
The FBM 70 Index tumbled 123.84 factors to 14,048.05 whereas the FBM ACE Index climbed 67.71 factors to five,133.16.
Sector-wise, the monetary providers index rose 157.62 factors to 16,379.57, the commercial merchandise and providers index shed 0.28 of-a-point to 171.99, the power index sank 13.50 factors to 815.60, and the plantation index declined 51.00 factors to six,990.41.
The Main Market quantity decreased to 1.9 billion items valued at RM1.98 billion from 2.68 billion items valued at RM4.65 billion yesterday.
Warrants turnover dwindled to 639.84 million items value RM68.94 million towards 806.07 million items value RM99.02 million beforehand.
The ACE Market quantity declined to 686.81 million shares valued at RM205.18 million versus 758.2 million shares valued at RM221.65 million yesterday.
Consumer merchandise and providers counters accounted for 342.1 million shares traded on the Main Market, industrial merchandise and providers (413.96 million); building (97.14 million); know-how (180.31 million); SPAC (nil); monetary providers (108.75 million); property (168.36 million); plantation (22.96 million); REITs (10.29 million), closed/fund (3,500); power (292.02 million); healthcare (119.57 million); telecommunications and media (35.67 million); transportation and logistics (37.89 million); and utilities (74.51 million).
