The Impact Continues To Be Felt, The Geopolitical Crisis Is Overflowing Into The Stock Exchange

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 At 9.05am the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was down 1.81 points at 1,601.24 from Friday's close of 1,603.05.


The index opened 1.39 points at 1,601.66.


It opened slightly lower as a result of tracking weak performance on the Wall Street market which continued to be under pressure from the geopolitical crisis, causing a number of stocks to plummet.


On the broader market, investors saw gainers outpacing losers by 190 to 171, while 282 counters were unchanged, 1,595 untraded and 9 suspended.


Total turnover at 261.52 million units worth RM105.07 million.



Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said major Wall Street indices experienced declines including the 10-year US yield.


However, the loss -making KLCI remained at 1,600 indicating that market sentiment was still positive as a result of entry and foreign stimulus.


Heavyweights saw Maybank rise 4 sen at RM8.70, Public Bank Bhd and CIMB Group Holdings Bhd remained at RM4.39 and RM5.60, Petronas Chemicals added 1 sen at RM9.22 and IHH Healthcare Bhd fell 4 sen at RM6. 51.


Active stocks saw Ta Win Holdings and KNM Group Bhd add 0.5 sen and 1 sen to 10 sen while Xidelang Holdings Ltd declined 0.5 sen to 3.5 sen.


On the index board, FBM ACE retreated 6.40 points at 6,288.36, FBM 70 was down 6.13 points at 13,738.61, FBM Emas was down 5.84 points at 11,445.67, FBMT 100 was down 10.91 points at 11,114.24 and FBM Emas Shariah was down 14.25 points at 12,196.46.


In terms of sector, the Financial Services index reached 1.45 points at 16,402.13, the Products and Services Industry index declined 0.78 points at 210.85 and the Plantation index bloomed 68.53 points at 8,188.76.

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