KUALA LUMPUR: Bursa Malaysia closed flat today, with cautious investor sentiment pushing the key index down for a third straight day amid a downbeat regional performance.
The market breadth was negative with decliners surpassing gainers 467 to 310, while 465 counters were unchanged, 991 untraded and 17 others suspended. He noted that the FBM KLCI ended in negative territory due to selling during the final minutes of trading. “Hence, we anticipate the benchmark index to trend higher, within the range of 1,425-1,435 towards the weekend. From a technical point of view, we see the immediate resistance for the FBM KLCI at 1,440, while support is at 1,415,” Thong told Bernama.
As for the actives, both Vinvest and Eduspec slipped half-a-sen each to 19.5 sen and 2.5 sen, respectively. Bahvest increased 1.5 sen to 13 sen and Seal went up two sen to 43 sen while Fitters was flat at five sen. Sector-wise, the industrial products and services index edged down 1.08 points to 168.47, the energy index eased 1.5 points to 831.81 and the financial services index weakened 9.73 points to 15,588.22.The Main Market volume went up to 2.13 billion units valued at RM1.36 billion from 1.87 billion units valued at RM1.44 billion on Wednesday.
Source: Digital Coin News (digitalcoinnews.net)
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