Bursa Malaysia Started Reds on Weekly Closure

At 9.25 am The FTSE Bursa Malaysia KLCI benchmark (FBM KLCI) dropped 10.8 points at 1,558.71 from Thursday's closure at 1,569.51.

The index opened 4.28 points at 1,565.23.

It opened lower due to the emergence of profit-taking activities on several selected heavyweights shares.

In the widespread market, investors saw losers outnumbered gainers by 481 compared to 93, while 241 counters were unchanged, 1,436 were untraded and 28 suspended.

Total turnover at 595.94 million units worth RM312.22 million.

Note issued by Malacca Securities Sdn Bhd states that expected to be cautious sentiments on the local market will remain due to rallies on the Wall Street market.

He added that investors are still trying to digest the potential increase in rates that are still not dated.

In addition, it is expected that technology stocks will extend trade including energy stocks, banking stocks and themed economy-themed shares.

Heavyweights witnessed Malayan Banking Bhd and CIMB Group Holdings Bhd slipped 5 sen at RM8.45 and RM5.54, Public Bank Bhd and IHH Healthcare Bhd fell 3 sen at RM4.21 and RM6.62 while Petronas Chemicals Group Bhd dropped 10 sen at RM9.05.

Active stocks show AirAsia Group Bhd slipped 17.5 sen at 57 sen, Smtrack Bhd fell 1.5 sen at 27.5 sen, NWP Holdings Bhd dropped 1 sen at 19 sen while Xidelang Holdings Ltd remained 4 sen.

On the index board, the FBM Gold Index dropped 102.97 points at 11,212.75, FBM Gold Shariah fell 128.07 points at 11,946.42, FBM 70 dropped 219.08 points at 13,917.19, FBMT Index 100 Kuncup 97.41 points at 10,915.42 and FBM ACE lost 129.5 points at 6,359.13.

Product and Service Index Index decreased 2.3 points at 203.8, the Financial Services Index shrank 79.73 points at 16,143.1 while the Malay Plantation Index was 23.22 points at 6,750.76.

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