Sentiment Weaken, Bursa Malaysia Opens Mixed Again

thecekodok

 At 9.25am the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) added 0.83 points at 1,528.58 from Thursday's close of 1,527.75.


The index opened 1.06 points at 1,528.81.


It opened mixed with the key index rising slightly 0.05% as sentiment continued to weaken in the market.


On the broader market, investors saw losers outnumber gainers by 295 to 159, while 269 counters were unchanged, 1,512 untraded and 12 suspended.


Total turnover at 426.06 million units worth RM196.79 million.



A note issued by Malacca Securities Sdn Bhd said investors were still worried about the rate hike as well as concerns over the growing Covid-19 case would spread to local stocks and profit-taking activity at tech counters would emerge.


He added that they believed technology and plantation stocks would remain positive while technology stocks would change due to profit -taking activities and expected the building materials segment to get attention as metal prices soared.


Heavyweights saw Petronas Chemicals Group Bhd (Petchem) up 13 sen at RM9.08, CIMB Group Holdings Bhd added 2 sen at RM5.27, Tenaga Nasional Bhd (TNB) jumped 1 sen at RM9.08, Press Metal Aluminum Holdings Bhd drove 7 sen at RM6.19, Public Bank Bhd and IHH Healthcare remained at RM4.17 and RM6.55 respectively while Malayan Banking Bhd (Maybank) declined 1 sen at RM8.27 and Hong Leong Bank declined 18 sen at RM19.16.


Active stocks saw Dagang NeXchange Bhd (DNeX) gain 2 sen to 98.5 sen, G3 Global Bhd, Ageson Bhd and Talam Transform Bhd remained at 8 sen, 2.5 sen and 2 sen while Aurelius Technologies Bhd declined 5 sen to RM2.02.


On the index board, FBM ACE bloomed 2.27 points at 6,163.40, FBM Emas Shariah was down 12.23 points at 11,690.12, FBM 70 was down 77.91 points at 13,487.39, FBM Emas was down 11.84 points at 10,968.77 and FBMT 100 buds 9.29 points at 10,675.93.


The Products and Services Industry Index rose 1.03 points at 202.27, the Financial Services index declined 21.82 points at 15,757.01 while the Plantation index bloomed 1.84 points at 6,680.83.

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