Bursa Malaysia Failed to Attract Investor Interest?


 The local stock market headed lower this morning as investors began looking for new clues after understanding the latest global market developments.

Although Malaysia's October inflation report was revealed to be slightly lower than market consensus, Bursa Malaysia failed to strengthen its upward pace due to continued uncertainty until the end of the year.

The United States (US) market, which was closed for the Thanksgiving Day holiday, caused investors to get less new guidance.

At exactly 12.30 this afternoon, the FBM KLCI fell by 0.78 points to 1,452.51. The reaction of the local stock market was negative where the loss counter of 506 exceeded the profit counter of 326. A total of 2.08 million shares were traded worth RM2.62 million.

Among heavyweight counters such as Maybank, CIMB and Petronas Chemicals managed to increase one cent to RM9.10, RM5.75 and RM7.17. Meanwhile, Public Bank and Tenaga decreased two sen to 88.5 sen and 28.5 sen.

On the index board, FBM Emas expanded 9.49 points to 10,782.60, FBMT 100 Index gained 10.60 points to 10,444.78 and FBM Emas Syariah Index decreased 2.12 points to 10,962.53.

The FBM 70 Index added 3.54 points to record a level of 14,373.66 but the FBM ACE Index lost 25.26 points to 5,176.90.