Stock Market Progress Pulled, End This Week's Trading Withering Performance


 Bursa Malaysia's good start this morning was held back after taking into account Wall Street's weak signal overnight after the release of the United States (US) gross domestic product (GDP) data.

At the opening, the FBM KLCI index started up 0.81 points at 1,469.16 before falling 4.86 points at 1,463.49 compared to Thursday's close at 1,468.35.

In the broader market, losses at 250 outpaced gains at 116, while 212 counters were unchanged, 1,691 untraded and 13 suspended.

Total revenue at 251.54 million units worth RM110.07 million.

Ulas Rakuten Trade Sdn Bhd, KLCI closed in positive territory yesterday with bargain-hunting activity emerging behind market uncertainty.

The firm also highlighted the situation of China's Covid-19 cases as a factor of concern, and put the projected market range to hover between 1,460-1,470.

Heavyweight stocks saw Maybank down 1 sen at RM8.70, Petronas Chemicals Group Bhd down 11 sen at RM8.29 and CIMB Group Holdings Bhd down 2 sen at RM5.76 while Public Bank Bhd remained flat at RM4.40 and IHH Healthcare Bhd flat. at RM6.

Active shares showed Careplus Group Bhd added 2.5 sen to 45 sen, Microlink Solutions Bhd reached 4.5 sen to RM1, Top Glove Corp Bhd gained 2 sen to 77.5 sen, Artroniq Bhd rose 1.5 sen to 64 sen and Advance Synergy Bhd remained at 18 sen.

On the index board, the FBM Emas index fell 28.99 points at 10,510.91, the FBM Emas Shariah index dropped 34.58 points at 10,615.09, the FBM 70 index fell 14.47 points at 12,870.41, the FBM ACE index dropped 27.21 points at 5,474.44 and the FBMT 100 index fell 28.92 points at 10,762.02.

In terms of sectors, the Energy index fell 7.06 points at 774.77, the Products and Services index dropped 1.17 points at 177.33, the Financial Services index fell 21.34 points at 16,530.17 while the Plantation index gathered 5.7 points at 6,827.7.