Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng told Bernama that if the FTSE Bursa Malaysia KLCI (FBM KLCI) stays above the 1,600 level, the benchmark index might establish a base for further upward movements.
The regional markets were mostly lower with China’s SSE Composite falling 1.57% to 3,211.43, Nikkei 225 sliding 0.96% to 39,894.54, Hang Seng rising 0.7% to 19,960.27, and Shenzhen slipping 1.89% to 9,897.12.
At 5pm, the FBM KLCI declined 3.41 points or 0.21% to 1,629.46 compared with yesterday’s close of 1,632.87.
The index earlier opened 2.07 points higher at 1,634.94 and moved between 1,626.04 and 1,636.08 throughout the day.
The broader market, however, was positive as gainers thumped decliners 631 to 477, while 502 counters remained unchanged, 745 were untraded and 11 were suspended.
Turnover rose to 3.70 billion units valued at RM2.87 billion against yesterday’s 2.64 billion units valued at RM1.97 billion.
Among the heavyweights, Hong Leong Bank advanced 8 sen to RM20.50, CelcomDigi increased 5 sen to RM3.70, Press Metal added 2 sen to RM4.85, Petronas Chemicals surged 13 sen to RM4.99, YTL Power bagged 7 sen to RM4.46, while Maybank and Public Bank shed 4 sen each to RM10.14 and RM4.50, respectively, CIMB slid 2 sen to RM8.11, and TNB dipped 16 sen to RM14.60.
For active stocks, Datasonic inched up 0.5 sen to 42.5 sen, MyEG perked up 2.5 sen to 98.5 sen, Dagang NeXchange firmed 3 sen to 43 sen, JCY International was flat at 57.5 sen, and SNS Network eased 0.5 sen to 69.5 sen.
On the index board, the FBM Emas Index shed 2.94 points to 12,533.64, the FBM Emas Shariah Index decreased 3.29 points to 12,546.49, and the FBMT 100 Index gave up 10.93 points to 12,202.89.
The FBM ACE Index garnered 40.46 points to 5,472.56 and the FBM 70 Index increased 37.4 points to 18,867.33.
By sector, the industrial products and services index added 0.32 of-a-point to 174.45, the energy index climbed 20.88 points to 851.30, the financial services index shrank 37.39 points to 19,023.06, and the plantation index dwindled 24.92 points to 7,598.51.
The Main Market volume swelled to 1.87 billion units worth RM2.56 billion against yesterday’s 1.38 billion units worth RM1.73 billion.
Warrants turnover expanded to 1.26 billion units valued at RM121.27 million versus 804.29 million units valued at RM74.81 million yesterday.
The ACE Market volume advanced to 562.64 million units worth RM187.99 million from 457.16 million units worth RM166.07 million previously.
Consumer products and services counters accounted for 182.62 million shares traded on the Main Market, industrial products and services (314.29 million), construction (190.70 million), technology (433.6 million), SPAC (nil), financial services (48.41 million), property (332.37 million), plantation (28.11 million), REITs (21.49 million), closed/fund (1,200), energy (116.61 million), healthcare (92.74 million), telecommunications and media (22.93 million), transportation and logistics (32.94 million), utilities (53.23 million) and business trusts (611,800).