Bursa Malaysia ends marginally lower

KUALA LUMPUR, Oct 16 — Bursa Malaysia finished slightly lower today on mild selling in selected heavyweights, despite the uptrend in most regional markets, dealers said. 

At the close, the key FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.95 of-a-point easier at 1,754.37, after moving between 1,749.49 and 1,759.31 throughout the day. 

It opened 3.80 points higher at 1,759.12 from Friday's close of 1,755.32.

On the broader market, losers outpaced gainers by 448 to 372 with 451 counters unchanged, 589 untraded and 35 others suspended.

Volume decreased to 3.16  billion units worth RM2.27 billion from 3.22  billion units worth RM1.99 billion last Friday.

A dealer said most Asian stock markets were broadly higher today as investors pinned hopes on the prospects of regional economies, taking cue from the strong US economy, and the release of China’s inflation data scheduled for this Wednesday.

“Shares on Bursa Malaysia opened higher in early morning but slowly declined thereafter due to selling pressure. However, towards the end of trading, some buying emerged to lift the market,” he said.

Regionally, Japan's Nikkei 225 rose 0.47 per cent to 21,255.56, Hong Kong's Hang Seng was up 0.76 per cent to 28,692.80 and South Korea's Kospi added 0.26 per cent to 2,480.05.

Of the heavyweights, Maybank eased five sen to RM9.46, Public Bank fell four sen to RM20.46, Tenaga rose six sen to RM14.26 while Sime Darby added three sen to RM9.08.

Among active counters, Netx and Hibiscus were flat at six sen and 74 sen, respectively, Vivocom gained half-a-sen to 15 sen and DGB Asia was two sen better at nine sen.

The FBM Emas Index gained 14.80 points to 12,594.49, FBM Emas Shariah Index rose 25.05 points to 12,902.23, and the FBM 70 surged 101.00 points to 15,343.84.

The FBMT 100 Index was up by 15.37 points to 12,240.59 and the FBM Ace added 52.91 points to 6,975.65.

Sector-wise, the Plantation Index rose 8.81 points to 7,975.59, Industrial Index gained 13.61 points to 3,229.23 but the Finance Index was 39.35 points lower at 16,481.27.

The Main Market volume declined to 1.48 billion units worth RM2 billion from 1.79 billion units worth RM1.76 billion last Friday.

Volume on the ACE Market rose to 1.51 billion shares valued at RM221.38 million compared with 1.29 billion shares valued at RM216.55 million.

Warrants volume was higher at 149.06 million units worth RM17.22 million versus 127.60 million units worth RM13.07 million.

Consumer products accounted for 66.68 million shares traded on the Main Market, industrial products (352.23 million), construction (117.61 million), trade and services (492.65 million), technology (145.53 million), infrastructure (6.1 million), SPAC (395,000), finance (58.98 million), hotels (702,600), properties (189.44 million), plantations (35.30 million), mining (14,000), REITs (14.76 million), and closed/fund (9,000). — Bernama

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