KUALA LUMPUR, June 27 — Bursa Malaysia along with global stock markets remain jittery despite mild recovery with selective buying in plantation and consumer stocks.

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended the day at 1,629.52, down 4.53 points from 1,634.05 last Friday, after moving between 1,618.25 and 1,632.03.

It opened 6.36 points easier at 1,627.69.

On the broader market, losers led gainers 457 to 295 while 359 stocks were unchanged, 614 were untraded and 26 suspended.       

Turnover stood at 1.27 billion shares worth RM1.29 billion.

Mercury Securities Head of Research Edmund Tham said the market had stabilised, although still lower as sentiment remained weak.  “They (investors) will stay on the sidelines for the next few days to see the market movement, which is driven by Brexit,” he said.

Tham said today’s performance also tracked the ringgit movement, which was lower at 4.0910 compared with last Friday’s close of 4.0850.

Meanwhile, Hong Leong Investment Bank Bhd in a note today said it had maintained the index target at 1,690 by year-end.

“The ongoing risk aversion is expected to further strengthen the US dollar, leading to weakening bias in the ringgit.

“This still bodes well with our advocate for exposure in export stocks. We continue to advocate exposure in companies that are less prone to earnings shocks,” it said.

The Plantation Index put on 13.99 points to 7,553.26, the FBM Emas Index decreased 38.25 points to 11,355.06, the FBMT 100 Index fell 38.39 points to 11,067.84 and the FBM Emas Shariah Index lost 49.09 points to 11,919.75.

The FBM 70 declined 72.23 points to 12,757.29 and the FBM Ace eased 73.65 points lower at 5,069.38.

Sector-wise, the Finance Index fell 64.84 points to 14,010.07 and Industrial Index lost 11.30 points to 3,060.30.

Of the heavyweights, Maybank shed two sen to RM8.18, TNB and Axiata were flat at RM14.00 and RM5.50 respectively, Public Bank gained eight sen to RM19.28 and IHH Healthcare decreased 20 sen to RM6.50.

Among actives, Vivocom shed two sen to 22.5 sen, Bumi Armada and Sanichi declined half-a-sen each to 68 sen and 13.5 sen respectively and Borneo Oil rose half-a-sen to 15 sen.

Among gainers Ajinomoto added 36 sen to RM12.46, Batu Kawan increased 26 sen to RM18 and Dutch Lady rose 12 sen to RM58.02.Main Market turnover declined to 758.49 million shares worth RM1.21 billion from Friday’s 1.35 billion shares worth RM2.17 billion.

The ACE Market volume dropped to 306.25 million shares worth RM53.04 million from 338.96 million shares worth RM61.84 million.

Warrants slipped to 202.49 million shares worth RM35.32 million from 530.20 million shares worth RM127.60 million.

Consumer products accounted for 38.77 million shares traded on the Main Market, industrial products (151.59 million), construction (30.36 million), trade and services (298.19 million), technology (46.66 million), infrastructure (7.82 million), SPAC (8.41 million), finance (106.36 million), hotels (340,700), properties (52.34 million), plantations (8.98 million), mining (102,000), REITs (8.55 million) and closed/fund (18,000).

Meanwhile, in a filing to Bursa Malaysia today, RHB Capital Bhd said it will be delisted from the main market of Bursa Securities while RHB Bank will assume the listing status of RHB Capital with effect from June 28, 2016 at 9am. — Bernama