Sitting on a bunk bed, investors lack appetite ahead of Q2 GDP data

thecekodok

 Bursa Malaysia kicked off weekend trading with profit-taking activity filling the market based on overnight gains with investors awaiting the announcement of the country's second-term crude output (KDNK) output.


At 9am, the FTSE Bursa Malaysia KLCI level marker (FBM KLCI) was down 0.12 points at 1,505.44 from Thursday's close at 1,505.56.


The index opened 0.49 points weak at 1,505.07.


In the broad market, the losing counter at 189 overcame the profit counter at 105, while the 189 counters are also unchanged, 1,855 are not traded and 24 are hanged.


The total acquisition of 98.91 million units is worth RM47.92 million.



According to Rakuten Trade President Thong Pak Leng, KLCI is expected to continue to increase in the range of 1,500 to 1,515 today.


Fair stocks saw Malayan Banking Bhd (Maybank) hit 2 cents at RM8.96, CIMB Group Holdings Bhd added 1 cent at RM5.38 and Hong Leong Bank Bhd jumped 1 cent at RM20.88 while Public Bank Bhd stayed at RM4.65 and IHH Healthcare Bhd flat RM6.48.


However, Petronas Chemicals Group Bhd lost 2 cents at RM8.76 and Tenaga Nasional Bhd (TNB) lost 2 cents at RM8.56.


Active stocks saw Theta Edge Bhd rally 2 cents at 98 cents and Hibiscus Petroleum Bhd also up 2 cents at 86 cents, Bintai Kinden Corp Bhd held at 10 cents and G3 Global Bhd data at 3 cents while Unique Fire Holdings Bhd shed 1 cent at 24.5 penny.


On the index board, the FBM Gold index was down 0.03 points at 10,683.01, the FBMT 100 index was down 5.11 points at 10,426.12, the FBM Gold Shariah index was down 10.24 points at 10,799.87, the FBM 70 lost 23.44 points at 12,774.51 and the FBM ACE was down 19.76 points at 4,929.34.


Sector wise, the Financial Services index stood at 35.96 points at 16,811.98, the Agriculture index jumped 2.04 points at 7,158.29, the Energy index expanded 1.84 points at 660.76 and the Products and Services index fell 0.4 points at 183.62.

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