At 5pm, the benchmark FTSE Bursa Malaysia KLCI ended 6.92 points or 0.44 per cent lower at 1,564.74 from yesterday’s close of 1,571.66. — Bernama pic
At 5pm, the benchmark FTSE Bursa Malaysia KLCI ended 6.92 points or 0.44 per cent lower at 1,564.74 from yesterday’s close of 1,571.66. Market breadth was negative, with losers outpacing gainers 722 to 552, while 336 counters were unchanged, 437 untraded and 21 others suspended. Maybank Investment Bank senior chartist Nik Ihsan Raja Abdullah noted that the dwindling oil supply and improving demand which had lifted the Brent crude oil price above US$45 per barrel today had sparked an “oil rally” in Bursa Malaysia today.
He noted that concerns over underinvestment in term capital expenditure for global oil production have raised fears on supply availability, as demand gradually recovers post-Covid-19. On the index board, the FBM Emas Index decreased 18.0 points to 11,266.56, the FBM Emas Shariah Index was 38.63 points lower at 13,314.45 and the FBMT 100 Index contracted 18.93 points to 11,077.27.Sector-wise, the Financial Services Index was down 24.94 points to 12,942.51, the Plantation Index declined 61.91 points to 6,979.54 and the Industrial Products and Services Index reduced 1.72 points to 139.31.
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