FBM KLCI Slipped High, Profit Taking Activity in the Middle of the Market

thecekodok


Bursa Malaysia finished this morning's trading session lower today (Wednesday) due to profit taking activities especially in the plantation and utility sectors. It is in line with most of the lower regional market performance.


At 12.30pm, the FTSE Bursa Malaysia (FBM KLCI) was down five points to 1,533.42 from 1,538 at Tuesday's close.


The benchmark index opened 1.91 points lower at 1,536.51 and now moves between 1,528.52 and 1,536.58 throughout the session.


Market sentiment was negative with losers outnumbering gainers by 546 to 350. Meanwhile, 448 counters were unchanged, 994 were untraded and 74 others were suspended.


The total turnover was 2.12 billion units worth RM1.49 billion.


Meanwhile, heavyweights such as Public Bank Bhd and Petronas Chemicals Group Bhd dropped three sen each to RM4.22 and RM6.80, Maybank Bhd added one sen to RM9.70, CIMB Group BHoldings Bhd rose five sen to RM6.55. and Tenaga Nasional Bhd rose six sen to RM11.26.


Among the active shares, market debutant Zantat Holdings Bhd rose 11.5 sen to 36.5 sen, Ekovest Bhd added two sen to 50 sen and SP Setia Bhd added three sen to RM1.45. Computer Forms (M) Bhd and Lambo Group Bhd were unchanged at 15 sen and three sen respectively.


On the index board, the FBM Gold Index fell 17.37 points to 11,544.23, the FBMT 100 Index fell 17.92 points to 11,188.4, the FBM Gold Shariah Index fell 39.55 points to 11,626.22 and the FBM ACE was lower 28.65 points to 4,881.37.


The FBM 70 index rose 50.14 points to 16,151.7.


In terms of sectors, the Plantation Index decreased by 46.69 points to 7,297.83, the Industrial Products and Services Index increased by 0.07 points to 179.59. The Financial Services Index strengthened 0.76 points to 17,220.80 and the Energy Index added 9.05 points to 947.3.

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