It was good yesterday, today is down, the stock market is losing at the weekend


 Based on the gains achieved yesterday, profit-taking activity appeared early this morning on Bursa Malaysia for a slightly weak opening.

At the opening, the FBM KLCI index started up 0.18 points at 1,501.17 before falling 0.26 points at 1,501.62 compared to Thursday's close at 1,501.88.

In the broader market, gains at 219 outpaced losses at 202, while 308 counters were unchanged, 1,534 untraded and 15 suspended.

Total revenue at 740.72 million units worth RM220.09 million.

According to Rakuten Trade Sdn Bhd, buying activity is expected to continue with foreign funds predicted to appear behind the profit-taking that occurred early in the morning to bring the index to 1,510-1,530.

Meanwhile, Malacca Securities Sdn Bhd explained that foreign investors may be net buyers that further break the losses and boost the ringgit after the appointment of the 10th Prime Minister yesterday.

Heavyweight stocks saw Maybank rise 6 sen to RM8.82, Public Bank Bhd added 8 sen to RM4.60, Petronas Chemicals Group Bhd jumped 7 sen to RM9.13 and CIMB Group Holdings Bhd gained 2 sen to RM5.89 while IHH Healthcare Bhd fell 1 sen to RM5.99 and Tenaga Nasional Bhd lost 8 sen to RM8.83.

Active stocks saw MMAG Holdings Bhd remain flat at 3 sen and Malayan United Industries Bhd flat at 12 sen, Advance Synergy Bhd down 1.5 sen at 24.5 sen, Infomina Bhd gained 1.5 sen at 55 sen while Icon Offshore Bhd added 1 sen at 15.5 sen.

On the index board, the FBM Emas index added 7.97 points at 10,676.55, the FBMT 100 index reached 2.3 points at 10,395.12, FBM ACE rose 12.1 points at 5,223.2, FBM 70 jumped 19.44 points at 12,719.27 while the FBM Emas Shariah index fell 35.09 points at 10,769.74.

In terms of sectors, the Financial Services index jumped 117.95 points at 16,884.84, the Products and Services index added 1.07 points at 186.08 while the Plantation index plunged 19.92 points at 6,825.14 and the Energy index fell 2.66 points at 761.43.