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Monday, December 6, 2021

Bursa Malaysia turns mixed at midmorning

KUALA LUMPUR, Sept 8 — Trading on Bursa Malaysia turned uneven at midmorning with the important thing index fluctuating inside a decent vary, whereas shopping for curiosity in chosen heavyweights supported the barometre index, sellers mentioned.

At 11.00am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) edged up 0.89 of-a-point to 1,585.34 from Tuesday’s shut of 1,583.48.

It opened 1.76 factors simpler at 1,581.72

On the broader market, losers surpassed gainers at 566 versus 279, whereas 438 counters had been unchanged, 954 untraded and 25 others suspended.

Turnover stood at 2.65 billion items price RM1.03 billion.

In a be aware right now, Rakuten Trade Sdn Bhd mentioned the FBM KLCI remained resilient as a consequence of steady accumulation from international funds.

“We seen liquidity is starting to shift into the small caps amidst prevailing consolidation of the blue chips, as depicted by the enhancing broader market quantity and FBM Small Cap index.

“We believed the buying and selling momentum on small caps would acquire traction within the close to time period. As for right now, we count on the benchmark index to pattern throughout the 1,580-1,590 vary,” it added.

Among the heavyweights, Maybank and Public Bank added two sen every to RM8.29 and RM4.12, respectively, Petronas Chemicals rose eight sen to RM8.13, IHH Healthcare bagged three sen to RM6.33, whereas Tenaga Nasional shed two sen to RM10.32.

Of the actives, KNM eased 5 sen to 26.5 sen, GIIB warrant slid one sen to 6 sen, Fintec edged up half-a-sen to 2.5 sen, PUC improved three sen to 19.5 sen, whereas Metronic and JAKS Resources had been flat at 3.5 sen and 51.5 sen, respectively.

On the index board, the FBM Emas Index shed 10.89 factors to 11,589.47, the FBMT 100 Index was 1.5 factors simpler at 11,284.78, and the FBM Emas Shariah Index slipped 24.05 factors to 12,687.84.

The FBM 70 dropped 54.24 factors to fifteen,169.44 and the FBM ACE fell 64.20 factors to 7,296.10.

Sector-wise, the Plantation Index rose 35.87 factors to six,657.13, the Industrial Products and Services Index inched up 0.04 of-a-point to 201.32 and the Financial Services Index superior 33.10 factors to fifteen,471.18. — eNM

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