Stocks Finally Lose, Geopolitical Crisis Worry Becomes the Cause

thecekodok

 At 9.15am the FTSE Bursa Malaysia KLCI level marker (FBM KLCI) was down 1.78 points at 1,603.24 from Thursday's close of 1,605.02.


The index opened 3.28 points at 1,601.74.


It opened in resignation rather than profits tracking the weak performance of Wall Street markets under the pressure of the Russia-Ukraine geopolitical crisis.


In the broad market, traders saw loss counters outperform gains by 314 versus 143, while 249 counters were also unchanged, 1,533 not traded and 11 hanged.


Total acquisition of 345.68 million units is worth RM185.3 million.



Nota Malacca Securities Sdn Bhd said the tensions of the Russia-Ukraine crisis had caused global stock markets to surge.


For the local market as well, profit-taking activities appear in companies based on crude palm oil, which are strong on Thursday.


The fairies saw Kuala Lumpur Kepong Bhd advance 32 cents at RM26.12, CIMB Group Holdings Bhd lost 4 cents at RM5.59, Maybank fell 3 cents at RM8.65, Petronas Chemicals Group Bhd fell 7 cents at RM9.23 and IHH Healthcare Bhd added 3 cents at rm6.62.


Active stocks saw SMTrack Bhd stay at 24 cents, Datasonic Group Bhd was up 2 cents at 49 cents and Niche Capital Gold Holdings Bhd added 2.5 cents at 18 cents.


On the index board, FBM ACE was down 40.71 points at 6,295.92, FBM 70 down 60.78 points at 13,753.81, FBM Gold was down 21.01 points at 11,447.64, FBMT 100 was down 20.45 points at 11,127.79 and FBM Shariah Gold was staying at 12,208.02.


In terms of sectors, the Financial Services index fell 61.65 points at 16,403.97, the Products and Services Industry index decreased 0.82 points at 210.96 and the Agriculture Index rose 10.74 points at 7,978.01.

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