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Bursa Malaysia continued its decline yesterday as it opened today due to a lack of new catalysts.
At 9.39am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) index was 4.62 points lower at 1,560.14 from 1,564.76 at the close on Wednesday.
Bernama reported that the index opened 1.2 points higher at 1,565.96.
On the broader market, losers outnumbered gainers by 412 to 193, while 338 counters were unchanged, 1,270 untraded and 10 others suspended.
Turnover stood at 916.28 million units worth RM396.26 million.
Malacca Securities Sdn Bhd said in a note that the World Bank lowered its Gross Domestic Product (GDP) growth forecast for 2021 amid a lower-than-expected economic recovery, with little change expected to continue on the local bourse due to the lack of new catalysts due to the crisis. ongoing economy and public health.
The firm added that investors may also watch the US GDP growth rate report for the first quarter of 2021 as well as the Bank of England's interest rate decision tonight.
According to commodities, the research firm said oil prices had risen above US $ 75 a barrel.
"As such, investors may see trading interest in oil and gas counters, while confidence in the plastics and packaging sectors is expected following Scientex's strong results," he said, noting that Nasdaq's record -breaking performance could spawn technology stocks in the local market. .
Among heavyweights, Public Bank and CIMB added one sen each to RM4.20 and RM4.61, respectively, while Maybank and PetChem were flat at RM8.20 and RM8.00, respectively.
Tenaga fell one sen to RM9.20 and IHH fell six sen to RM5.66.
For active stocks, MMAG rose one sen to 17 sen, Fintec was flat at 3.5 sen, Serba Dinamik declined two sen to 57.5 sen, while Global Oriental gained 3.5 sen to 42.5 sen.
On the index board, the FBM Emas Index was down 34.03 points to 11,375.64, the FBMT 100 Index was down 33.5 points to 11,070.67, the FBM ACE was down 38.53 points to 7,461.06, the FBM Emas Syariah Index was down 55.86 points to 12,446.35, and the FBM 70 was down 47.62 points to 14,740.7.
By sector, the Financial Services Index rose 12.26 points to 15,273.04, while the Industrial Products and Services Index fell 0.93 points to 188.2, and the Plantation Index fell 9.36 points to 6,519.25.
