Risky Sentiment Concerns Continue To 'Disrupt' Bursa Malaysia - Kakiforex.com - Financial Market Media No. 1 in the World Risky Sentiment Concerns Continue To 'Disrupt' Bursa Malaysia Risky Sentiment Concerns Continue To 'Disrupt' Bursa Malaysia

July 19, 2021

Risky Sentiment Concerns Continue To 'Disrupt' Bursa Malaysia

 Bursa Malaysia opened higher but the movement was seen to remain subdued in early trade today following the still volatile market sentiment.

Concerns over the daily rate of increase of more than 10,000 cases also prompted investors to be more vigilant in the market.

At 9.08am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) declined 1.67 points to 1,520.81 from 1,522.48 at the close on Friday.

Bernama reported that the index traded 0.19 points higher at 1,522.67.

In the broader market, losers outnumbered gainers by 207 to 169, while 301 counters were unchanged, 1,565 untraded and 10 others suspended.

Turnover stood at 327.79 million units worth RM25.10 million.

According to Malacca Securities, the Organization of the Petroleum Exporting Countries and (OPEC+) have agreed to increase oil production starting August amid rising demand.

In addition, the government's target to reach 100% of the adult population in the vaccination program by October is expected to spark confidence among investors about the country's economic recovery.

Rehabilitation sector -related stocks such as consumers, real estate, construction and building materials continue to be the focus as vaccination rates continue to show progress.

Brokerage firms also expect that buying interest in tech stocks can also be sustained this week.

Domestically, heavyweights, Maybank rose two sen to RM8.07, Top Glove rose one sen to RM3.98, while TNB declined one sen to RM9.69 and CIMB declined three sen to RM4.50.

Public Bank, Petronas Chemicals, IHH Healthcare and Hong Leong Bank were unchanged at RM4.06, RM8.05, RM5.69 and RM18.30 respectively.

Of the active stocks, CTOS Digital 'rocketed' 57 sen to RM1.67, Velesto fell half -a -sen to 14 sen, while BIG Industries declined four sen to 99.5 sen and Pasukhas plunged 1.5 sen to 11.5 sen.

In addition, Privasia and Permaju rose half a sen to 24 sen and 11.5 sen respectively.

On the index board, the FBM Gold Index declined 8.79 points to 11,107.78, the FBMT 100 Index declined 10.52 points to 10,813.81 and the FBM ACE declined 10.81 points to 7,229.76.

The FBM Emas Shariah Index fell 11.90 points at 12,173.01 and the FBM 70 fell 8.75 points to 14,485.78.

By sector, the Financial Services Index jumped 5.14 points to 14,901.01 and the Plantation Index added 5.21 points to 6,197.97 and the Industrial Products and Services Index fell 0.05 points to 188.55.