Finally, Bursa Malaysia Lost After Winning 6 Days In A Row!


Bursa Malaysia ended this morning's session at an unchanged level amid a market situation of profit taking and mixed sentiment in the regional markets.

At 12.39 this afternoon, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 0.63 points to 1,514.76 from 1,515.39 at yesterday's close.

The barometer index which opened 2.36 points better at 1,517.75 is now moving between 1,514.13 and 1,520.31 throughout this morning's session.

Market sentiment was negative with losers outnumbering gainers by 600 versus 336. Meanwhile, 382 counters were unchanged, 940 counters were not traded and 73 others were suspended.

The total turnover was 2.29 billion units worth RM1.4 billion.

According to Vice President of Equity Research Rakuten Trade Sdn. Bhd, Thong Pak Leng said investors are still wary of the US Federal Open Market Committee (FOMC) report which is expected to keep interest rates unchanged in its meeting on Tuesday and Wednesday.

He said again, because the benchmark index has already penetrated the significant level of 1,500. They believe the index has more support to go to the strong resistance area of 1,600.

For now, the index will hover in the range of 1,515 to 1,525 amid a more conducive environment where regional central banks have maintained their respective interest rates so far.

Looking at the heavyweight index, Public Bank Bhd and CIMB Group Holdings Bhd dropped one sen each to RM4.40 and RM6.21 respectively, IHH Healthcare Bhd dropped 10 sen to RM6.05. Tenaga Nasional Bhd rose two sen to RM10.52 and Maybank Bhd was unchanged at RM9.23.

On the index board, the FBM Gold Index fell 13.54 points to 11,267.64, the FBM 70 Index fell 27.41 points to 15,264.11 and the FBMT 100 Index fell 8.38 points to 10,927.59.

The Energy Index decreased 2.22 points to 881.34 and the Financial Services Index decreased 0.25 points to 16,942.33.