KUALA LUMPUR: Bursa Malaysia ceded earlier positive aspects to complete within the unfavourable territory as we speak as a consequence of profit-taking actions within the late buying and selling session, ending its seven-day winning streak.
Rakuten Trade fairness analysis vice-president Thong Pak Leng mentioned the important thing regional indices closed blended however had been largely greater earlier, buoyed by the upbeat Wall Street in a single day and the Bank of Japan’s resolution to maintain its rate of interest on maintain which is anticipated to lend help to Japanese shares.
“Meanwhile, buyers are awaiting a slew of financial information from the US later this week to agency up their gauges on charge,” he advised eNM.
On the native entrance, Thong mentioned the FTSE Bursa Malaysia KLCI (FBM KLCI) failed to carry above the essential 1,465 resistance line.
“We hope for a breakout from this line, if not, the benchmark index will additional consolidate round that degree for a brief interval, pending new catalysts.
“If the FBM KLCI is ready to get away from the 1,465-resistance degree for an prolonged interval and holds strongly, we anticipate stronger potential upwards within the close to time period.
“We anticipate the important thing index to pattern inside the 1,460-1,470 vary for the remainder of the week, with quick help at 1,450 and resistance at 1,500,” he added.
At 5pm, the FBM KLCI dipped 1.11 factors to 1,464.56 from yesterday’s shut of 1,465.67.
The benchmark index opened 0.76 of-a-point higher at 1,466.43 and moved between 1,464.09 and 1,470.79 all through the day.
In the broader market, losers surpassed gainers 465 to 411, whereas 491 counters had been unchanged, 950 untraded, and 23 others suspended.
Turnover rose to three.84 billion items price RM2.67 billion from 3.72 billion items price RM2.42 billion yesterday.
Among the heavyweights, Petronas Chemicals elevated 9 sen to RM7.18, Maybank slid one sen to RM8.97, Public Bank went down two sen to RM4.32, CIMB misplaced six sen to RM5.90, whereas Tenaga Nasional was flat at RM10.
Of the actives, TWL Holdings inched up 0.5 sen to three.5 sen, Jati Tinggi added 4 sen to 31 sen, Leform rose two sen to 41 sen, Top Glove fell 3.5 sen to 90.5 sen, and Careplus dropped 2.5 sen to 44 sen.
On the index board, the FBM Emas Index shed 5.51 factors to 10,859.05, the FBMT 100 Index decreased 3.44 factors to 10,527.08, the FBM 70 Index climbed 13.89 factors to 14,547.91, the FBM ACE Index inched up 10.74 factors to five,193.87, and the FBM Emas Shariah Index edged up 11.99 factors to 10,996.68.
Sector-wise, the monetary companies index eased 53.75 factors to 16,451.95, the vitality index was 0.73 of-a-point weaker at 817.72, the plantation index slipped 6.05 factors to six,998.55, whereas the economic services index perked up 0.26 of-a-point to 171.9.
The Main Market quantity improved to 2.28 billion items valued at RM2.32 billion towards 2.2 billion items valued at RM2.11 billion yesterday.
Warrants turnover shrank to 596.06 million items price RM66.46 million from 695.52 million items price RM78.32 million beforehand.
The ACE Market quantity expanded to 917.97 million shares valued at RM284.93 million versus 817.79 million shares valued at RM228.89 million yesterday.
Consumer services counters accounted for 277.81 million shares traded on the Main Market, industrial services (485.62 million); building (102.47 million); expertise (217.81 million); SPAC (nil); monetary companies (121.86 million); property (393.74 million); plantation (16.39 million); REITs (6.77 million), closed/fund (68,700); vitality (140.99 million); healthcare (390.08 million); telecommunications and media (36.03 million); transportation and logistics (33.59 million); and utilities (59.71 million).
