Bursa Malaysia Turbulent Since Opening Following Modest Profit Taking

thecekodok


Bursa Malaysia experienced mixed sentiment this Friday afternoon as the profit-taking session moved moderately in small-cap counters to limit early gains.


At 12.30pm, the FBM KLCI rose 1.30 points to 1,537.13 from 1,535.83 at Thursday's close.


The benchmark index opened 0.69 points higher at 1,536.52 and is now moving between 1,535.32 to 1,540.50 during this morning's trading session.


However, broad market sentiment was negative with losers outnumbering gainers 415 to 405. Meanwhile, 425 counters were unchanged, 1,031 counters were untraded and 29 others suspended.


The total turnover was 1.68 billion units worth RM1.19 billion.



According to a Malacca Securities statement, they expect a further rebound in small-cap counters after the recent consolidation phase.


Meanwhile, heavyweights such as Malayan Banking Bhd rose three sen to RM9.73, CIMB Group Holdings Bhd jumped 12 sen to RM6.64 and Tenaga Nasional Bhd rose four sen to RM11.20. Public Bank Bhd was unchanged at RM4.30 and Petronas Chemicals Group Bhd lost nine sen to RM6.85.


For active counters, AMMB Holdings Bhd rose 10 sen to RM4.05, Master Tec Group Bhd rose 1.5 sen to 82.5 sen while Fitters Diversified Bhd was unchanged at 5.5 sen. Malayan United Industries Bhd was unchanged at six sen. Harvest Miracle Capital fell half a cent to 11 sen.


On the index board, the FBM Emas Index rose 15.75 points to 11,408.74, the FBMT 100 Index rose 16.91 points to 11,072.37 and the FBM Emas Shariah Index rose 9.03 points to 11,410.67.


The FBM 70 Index gained 64.71 points to 15,397.98 while the FBM ACE Index dropped 16.24 points to 4,689.04.


In terms of sectors, the Financial Services Index jumped 83.00 points to 17,346.84, the Plantation Index gained 25.05 points to 7,292.86 and the Energy Index rose 4.95 points to 902.16. The Industrial Products and Services Index dropped 0.61 points to 174.44.

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