KUALA LUMPUR, July 8 — Shares on Bursa Malaysia closed lower today dampened by bearish sentiments amid weaker crude oil prices, dealers said.
At 5pm, the FTSE Bursa Malaysia KLCI finished at 1,695.83, down 16.47 points, after moving between 1,693.35 and 1,706.7 throughout the day.
A dealer said the local bourse remained in the red for the whole day on adverse internal and external sentiments and the turmoil in China’s stock market.
“Chinese stocks struggled to pull out of a tailspin, shaking investors already rattled by Greece’s debt crisis,” he said.
He said crude oil prices also weakened as worries over China’s stock market turmoil outweighed an expected US inventory drop.
“The turmoil may put recent robust demand growth at risk,” he said.
Brent crude futures declined 38 cents to US$56.47.
On the scoreboard, the FBM Emas Index fell 153.05 points to 11,641.88, FBMT100 Index declined 140.471 points to 11,345.02 and the FBM Emas Syariah eased 125.57 points to 12,120.09.
The FBM 70 fell 266.55 points to 12,448.54 and the FBM Ace eased 192.3 points to 5,991.21.
On a sectoral basis, the Finance Index fell 201.59 points to 15,191.73, Plantation Index declined 100.44 points to 7,341.35 and the Industrial Index was lowered by 35.99 points at 3,136.1.
Market breadth was negative with losers thumping gainers by 827 to 117, with 215 counters unchanged, 641 untraded and 22 others suspended.
Total volume rose to 1.99 billion units valued at RM2.25 billion from yesterday’s 1.69 billion units valued at RM1.72 billion.
Of the heavyweights, Maybank lost three sen to RM9.12, Public Bank declined four sen to RM18.68, TNB and Sime Darby eased two sen each to RM12.60 and RM8.51 respectively, and Axiata declined seven sen to RM6.31.
Among actives, AirAsia fell 19 sen to RM1.30, Frontken lost one sen to 25 sen, Compugates slipped half a sen to 4.5 sen, KNM eased two sen to 56.5 sen and IFCA MSC shed 12 sen to RM1.10.
Main Market volume rose to 1.18 billion shares worth RM2.02 billion from 840.16 million shares worth RM1.47 billion yesterday.
Turnover on the ACE Market contracted to 294.38 million units valued at RM76.58 million against 339.68 million units valued at RM76.74 million.
Warrants increased to 515.68 million shares worth RM152.52 million from 511.78 million shares worth RM180.31 million.
Consumer products accounted for 97.86 million shares traded on the Main Market, industrial products (191.39 million), construction (67.59 million), trade and services (589.27 million), technology (40.19 million), infrastructure (25.57 million), SPAC (15.4 million), finance (54.6 million), hotels (610,100), properties (70.24 million), plantations (16.52 million), mining (4,000), REITs (13.69 million), and closed/fund (28,400 million). — Bernama
