KUALA LUMPUR, Aug 9 — Shares on Bursa Malaysia ended mixed today due to mild profit-taking in selected heavyweights.
Late buying support in blue chips however capped further losses as sentiment improved in line with the regional markets.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) closed at 1,671.71, down 0.97 of-a-point from yesterday’s close of 1,672.68.
The key index fluctuated between 1,667.75 and 1,674.49 throughout the day. Panasonic Manufacturing and Fraser & Neave were the top two gainers, rising RM1.10 and 94 sen to RM37.14 and RM24.98, respectively.
Gainers led losers 405 to 306 while 381 counters were unchanged, 540 untraded and 26 others suspended.
Volume decreased to 2.10 billion units worth RM1.83 billion from 2.63 billion units worth RM1.85 billion yesterday.
A dealer said most regional bourses were higher today driven by the overnight rally in crude oil prices while China’s consumer inflation data released yesterday was in line with estimates.
Forex Time Research Analyst Lukman Otunuga said despite the market recording healthy gains yesterday, concerns over the global economy still persist while the post-Brexit pain was progressively spreading across the board.
“Although oil prices have slightly rebounded from the three-month lows which improved sentiment, the oversupply woes remain a recurrent theme which should ultimately sabotage any real recovery in value,” he said.
Of the heavyweights, TNB rose four sen to RM14.62, Maybank added two sen to RM8, while Public Bank slipped two sen to RM19.62 and IHH Healthcare fell four sen to RM6.55.
Among actives, MBSB dipped 3.5 sen to 88.5 sen, TH Heavy Engineering shed one sen to 16 sen, Xidelang was flat at 3.5 sen while PDZ Holdings perked half-a-sen to nine sen.
On the scoreboard, the FBM Emas Index added 7.40 points to 11,744.12, the FBMT100 Index increased 6.39 points to 11,442.82 and the FBM 70 rose 54.95 points to 13,513.88.
The FBM Emas Shariah Index gained 19.49 points to 12,375.32 but the FBM Ace fell 51.75 points to 5,432.53.
Sector-wise, the Finance Index was 12.12 points lower at 14,335.47, the Industrial Index increased 4.03 points to 3,154.13 and the Plantation Index shed 22.81 points to 7,651.22.
Main Market turnover decreased to 1.22 billion shares worth RM1.73 billion from 1.55 billion shares worth RM1.72 billion recorded yesterday.
The ACE Market volume declined to 191.22 million units worth RM38.58 million from yesterday’s 279.34 million units worth RM55.05 million.
Warrants fell to 684.86 million shares worth RM62.64 million from 798.43 million shares worth RM79.51 million yesterday.
Consumer products accounted for 138.24 million shares traded on the Main Market, industrial products (248.99 million), construction (51.72 million), trade and services (463.41 million), technology (92.64 million), infrastructure (8.77 million), SPAC (6.28 million), finance (115.23 million), hotels (204,200), properties (62.94 million), plantations (20.31 million), mining (10,000), REITs (11.90 million) and closed/fund (60,300). — Bernama
