November 26, 2021

Bursa Malaysia Declined From Performance At The End Of November

 At 9.05am the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was down 1.2 points at 1,516.4 from Thursday's close of 1,517.6.

It opened lower in the absence of any new catalysts to boost market sentiment.

The index opened 0.57 points at 1,518.17.

On the broader market, investors saw losers outnumber gainers by 240 to 114, while 229 counters were unchanged, 1,729 untraded and 38 suspended.

Total turnover at 168.48 million units worth RM72.22 million.

A note issued by Malacca Securities Sdn Bhd said it believed slower trading activity may be due to increased Covid-19 cases in the country and weaker-than-expected results output during the current financial reporting season as a result of the full movement control order situation in the third quarter of 2021.

He added that the market may strengthen until the end of the month before heading into the shopping period in December.

Heavyweights saw Tenaga Nasional Bhd rise 9 sen to RM9.47, Public Bank Bhd, Petronas Chemicals Group Bhd and IHH Healthcare remained at RM4.02, RM8.44 and RM6.67 while Malayan Banking Bhd declined 1 sen to RM8.10 and CIMB Group Holdings Bhd fell 5 sen to RM5.12.

Active stocks saw Solution Group Bhd rise 4.5 sen at 56.5 sen, Tanco Holdings Bhd was flat at 27 sen while ATA IMS Bhd declined 30 sen at 52 sen, G3 Global Bhd declined 1.5 sen at 11.5 sen, MMAG Holdings declined 1 sen at 9 sen and Luster Industries Bhd fell 0.5 sen to 12 sen.

On the index board, the FBM Gold index rose 3.16 points to 12,110.97, the FBM gold index fell 5.82 points to 11,153.75, the FMBT 100 index declined 6.71 points to 10,818.66, the FBM 70 fell 1.61 points to 14.633.86 and the DBM ACE lost 25.21 points to 6,627.09.

The Industrial Products and Services index declined 0.57 points at 198.82, the Financial Services index declined 30.68 points at 15,198.84 and the Plantation index declined 26.41 points at 6,552.77.