Bursa Malaysia opened lower on the last day of 2020 due to declining buying momentum.
At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) market indicator declined 5.07 points to 1,639.34 after opening lower 0.15 points to 1,644.26 from 1,644.41 when it closed yesterday.
Bernama reported negative market conditions with losers outpacing gainers by 244 to 218, while 368 counters were unchanged, 1,291 untraded and 56 others suspended.
Turnover stood at 409.42 million units worth RM190.01 million.
In today's note, Malacca Securities Sdn Bhd expects interest in trading on the local exchange to be positive, in line with the US stock market which closed high, as well as account improvement activities at the end of the year.
"Meanwhile, we are confident that Brent crude oil prices will trade stronger following the larger-than-expected reduction in oil inventory of 6.1 million barrels in the week ending Dec 25.
"Market participants can focus on recovering stocks, as more countries allow vaccines for emergency use," he said in a note today.
Of the heavyweights, Supermax rose three sen to RM6.01, Telekom Malaysia added one sen to RM5.44, while TNB, Petronas Chemicals and IHH Healthcare were flat at RM10.52, RM7.50 and RM5.71, respectively. .
Meanwhile, Maybank declined four sen to RM8.53, Public Bank and Hartalega declined six sen to RM20.64 and RM12.14, Top Glove and CIMB, respectively, declined three sen to RM6.09 and RM4, respectively. 35, while Maxis declined two sen to RM5.10.
Of the active stocks, Solid Automotive added one sen to 25.5 sen, K-One Technology rose 4.5 sen to 38.5 sen, BCM Alliance rose 1.5 sen to 30.5 sen, AT Systematization and Green Ocean were flat at 18.5 sen and 9.5 sen respectively. , while Techna-X declined half a sen to 15.5 sen and Ecobuilt declined two sen to 26.5 sen.
On the index board, the FBM Gold Shariah Index declined 25.39 points to 13,249.76, the FBM ACE rose 28.69 points to 10,664.18, the FBM Gold Index declined 27.22 points to 11,841.96, the FBMT 100 Index declined 29.79 points to 11,583.38, and the FBM 70 declined 15.95 points to 15,232.81.
Meanwhile, the Industrial Products and Services Index declined 0.35 points to 178.57, the Financial Services Index declined 46.21 points to 15,430.38 and the Plantation Index declined 38.09 points to 7,374.72.
