Bursa ends lower on profit-taking

Bursa ends lower on profit-taking

The market struggled this morning due to selling in index-linked companies, says analyst.

bursa
KUALA LUMPUR: Bursa Malaysia ended lower today on profit-taking after the key index hit a three-year high yesterday and in line with the key regional market performance.

Japan’s Nikkei 225 gained 0.2% to 41,275.08, Singapore’s Straits Times Index declined 0.34% to 3,487.91, and Hong Kong’s Hang Seng Index slid 1.6% to 17,727.98.

A dealer said the local bourse struggled to maintain its upward momentum this morning due to selling activities in index-linked companies.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 3.86 points, or 0.24%, to 1,625.96 from yesterday’s close of 1,629.82.

The benchmark index opened 1.91 points higher at 1,631.73 and moved between 1,624.39 and 1,633.97 throughout the day.

Losers trounced gainers 795 to 413, with 494 counters unchanged, 747 untraded, and 6 others suspended.

Turnover decreased to 4.66 billion units worth RM3.52 billion versus yesterday’s 5.36 billion units worth RM3.95 billion.

CelcomDigi eased 8 sen to RM3.60, Petronas Chemicals fell 10 sen to RM5.96, and Sime Darby slid 9 sen to RM2.68.

As for other heavyweights, IHH Healthcare added 1 sen to RM6.35, Public Bank was flat at RM4.13, Maybank slid 4 sen to RM10.10, TNB trimmed 2 sen to RM14.16, CIMB gave up 3 sen to RM7.15, and Press Metal shed 5 sen to RM5.98.

Among the active counters, Bintai Kinden advanced 2 sen to 13.5 sen, MLabs perked up 3.5 sen to 24 sen, WCT put on 5 sen to RM1.16, Ekovest was flat at 51.5 sen, XOX inched down 0.5 sen to 1 sen, and JCY dipped 3.5 sen to 72 sen.

On the index board, the FBM Emas Index lost 32.08 points to 12,600.73, the FBMT 100 Index slipped 28.15 points to 12,173.13, the FBM Emas Shariah Index declined 37.99 points to 12,972.59, the FBM 70 Index shed 40.72 points to 18,809.22, and the FBM ACE Index went down 59.65 points to 5,963.08.

Sector-wise, the energy index climbed 5.13 points to 976.2, the financial services index fell 39.21 points to 17,901.06, the plantation index rose 18.67 points to 6,982.3, and the industrial products and services index eased 1.54 points to 200.12.

The Main Market volume dwindled to 2.52 billion units valued at RM3.07 billion from yesterday’s 3.07 billion units valued at RM3.36 billion.

Warrants turnover declined to 1.08 billion units worth RM136.6 million versus 1.25 billion units worth RM166.71 million yesterday.

The ACE Market volume improved to 1.06 billion shares valued at RM306.73 million from 1.04 billion shares valued at RM424.76 million previously.

Consumer products and services counters accounted for 396.91 million shares traded on the Main Market; industrial products and services (658.48 million); construction (359.49 million); technology (278.47 million); SPAC (nil); financial services (93.55 million); property (278.95 million); plantation (30.22 million); REITs (15.69 million); closed/fund (23,000); energy (168.11 million); healthcare (63.22 million); telecommunications and media (57.89 million); transportation and logistics (43.58 million); utilities (73.29 million); and business trusts (2.45 million).

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