The Weak Start of 2022 Bursa Malaysia Angkara Omicron

thecekodok

 At 9.05am the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) lost 17.77 points at 1,549.76 from Friday's close of 1,567.53.


The index opened 13.89 points at 1,553.64.


It opened lower in early 2022 as market sentiment regarding Omicron variant concerns increased during the recent profit-taking season.


On the broader market, investors saw losers outnumber gainers by 146 to 121, while 217 counters were unchanged, 1,790 untraded and 15 suspended.


Total turnover at 117.54 million units worth RM40.03 million.


A note issued by Malacca Securities Sdn Bhd stated that due to the volatile trading year, Bursa will move towards the recovery -themed sector as its main focus and compounded by sentiment of concern over the rise in cases involving the Omicron variant.



However, market players do not have to worry because on Monday they will get a stock trading stamp duty return but it is limited to RM1,000 only.


Heavyweights saw Malayan Banking Bhd (Maybank) and CIMB Group Holdings Bhd fall 2 sen each to RM8.28 and RM5.43, Petronas Chemicals Group Bhd (Petchem) fell 3 sen to RM8.89, IHH Healthcare Bhd lost 36 sen at RM6.98 and Tenaga Nasional Bhd (TNB) was down 4 sen at RM9.30 and Public Bank Bhd remained at RM4.16.


Active stocks saw SMTrack Bhd and NWP holdings Bhd add 0.5 sen at 19.5 sen and 25 sen while Kejuruteraan Asastera Bhd, DGB Asia Bhd and Pasukhas Group Bhd remained at 25.5 sen, 3 sen and 2.5 sen.


On the index board, FBM Emas Shariah was down 140.68 points at 12,122.42, FBM Emas index was down 88.27 points at 11,220.52, FBM 70 was down 6.14 points at 14,203.81 and FBMT 100 index contracted 97.36 points at 10,917.77.


Meanwhile, FBM ACE was up 24.44 points at 6,444.04.


The Products and Services Industry Index declined 0.55 points at 202.16, the Plantation index increased 0.78 points at 6,552.89 and the Financial Services index declined 19.9 points at 15,545.73.

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