Bursa Malaysia ends broadly lower | Malay Mail

17/1/2022 5:52:00 PM

Bursa Malaysia ends broadly lower | Malay Mail

Bursa Malaysia

Bursa Malaysia ends broadly lower | Malay Mail

KUALA LUMPUR, Jan 17 — Bursa Malaysia ended broadly lower today, with the key index falling 0.80 per cent on bearish market sentiment and weighed down by selling in selected heavyweights led by Dialog Group and Petronas Chemicals. Both counters contributed a combined of 4.19 points to the decline...

channel for the latest updates.KUALA LUMPUR, Jan 17 — Bursa Malaysia ended broadly lower today, with the key index falling 0.80 per cent on bearish market sentiment and weighed down by selling in selected heavyweights led by Dialog Group and Petronas Chemicals.

Both counters contributed a combined of 4.19 points to the decline in the index.   At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) shed 12.41 points to 1,542.92 from 1,555.33 at Friday’s close.The index opened 1.53 points lower at 1,553.80 and fluctuated between 1,541.07 and 1,555.31 throughout the trading session.

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KUALA LUMPUR, Jan 17 — Bursa Malaysia ended broadly lower today, with the key index falling 0.80 per cent on bearish market sentiment and weighed down by selling in selected heavyweights led by Dialog Group and Petronas Chemicals. At 9. Both counters contributed a combined of 4.35am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 2.19 points to the decline in the index.90 points to 1,552.    At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) shed 12. Another Chinese trader said she can arrange for cargo to be loaded onto a train in Dandong which is scheduled to cross over to North Korea tomorrow.

41 points to 1,542.33 at Friday’s close.33 at Friday’s close.92 from 1,555.33 at Friday’s close.53 points lower at 1,553. The index opened 1.80.53 points lower at 1,553. On the broader market, losers surpassed gainers 317 to 194, while 328 counters were unchanged, 1,413 untraded and 20 others suspended. The Chinese foreign ministry did not immediately respond to a request today for confirmation of the border’s reopening.

80 and fluctuated between 1,541.07 and 1,555.83 million units worth RM296.83 million units worth RM296.31 throughout the trading session. The overall market breadth was negative with decliners trouncing advancers 556 to 336, while 408 counters were unchanged, 952 untraded, and 20 others suspended. Malacca Securities Sdn Bhd, in a research note, believes that technology stocks might perform a technical rebound at least in near term, given the mild rebound in Nasdaq last Friday. Total turnover fell to 2. The brokerage said investors might also focus on China’s economic data such as the fourth quarter of 2021 economic growth and unemployment rate, which would be released today, as well as Bank Negara Malaysia’s interest rate decision this week. Officials in Seoul said late last year they were watching closely for a resumption in cross-border rail traffic as a signal that restrictions might be loosening.

59 billion units worth RM2. Commodity-wise, crude palm oil price fell below RM5,000, while crude oil price extended its uptrend.01 billion from 3.61 billion units worth RM2. Investors may focus on banking counters ahead of the interest rate decision by Bank Negara Malaysia this week,” said Malacca Securities. Investors may focus on banking counters ahead of the interest rate decision by Bank Negara Malaysia this week,” said Malacca Securities.95 billion on Friday. Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the FBM KLCI ended lower as investors continued to take profits particularly in oil and gas as well as banking heavyweights.21 and RM5.

Bursa Malaysia also bucked the regional trend as the major markets closed mostly higher following positive economic data from China as the country’s Gross Domestic Product grew 4.55, respectively, TNB gained three sen to RM9.0 per cent year-on-year and 1.07, while Maybank fell two sen to RM8.6 per cent quarter-on-quarter in the fourth quarter of 2021. “On the other hand, investors are cautious ahead of the Bank of Japan’s meeting this week as policymakers are debating how soon interest rate hike will come.06 and IHH Healthcare shed four sen to RM6.06 and IHH Healthcare shed four sen to RM6. “On the domestic front, despite the cautious market undertone, we expect bargain hunting to prevail given the cheap valuations of local stocks, continuous inflow of foreign investors, and improving macroeconomic conditions in the country,” Thong told Bernama.

As such, the FBM KLCI is expected to move within the 1,540-1,560 range this week, with immediate resistance at 1,570 and support at 1,530, he added. Of the actives, Kanger International edged up half-a-sen to 2. Regionally, Japan’s Nikkei 225 rose 0.5 sen, Avillion was flat at 10.74 per cent to 28,333.5 sen, while SMTrack decreased two sen to 27 sen, AirAsia down 2.52, Singapore’s Straits Times Index advanced 0.17 per cent to 3,287.5 sen, and MQ Technology inched down half-a-sen to 7.5 sen, and MQ Technology inched down half-a-sen to 7.

57, while Hong Kong’s Hang Seng Index fell 0.68 per cent to 24,218. On the index board, the FBM Emas Index was 19.03.0 points weaker at 11,159.  Back home, heavyweights Dialog Group lost 22 sen to RM2.52, the FBM Emas Shariah Index shed 24.67, Petronas Chemicals trimmed 14 sen to RM8.

95, Press Metal fell 13 sen to RM5.91, the FBM 70 trimmed 16.91, the FBM 70 trimmed 16.92, while TNB was flat at RM9.04 and Public Bank gained two sen to RM4.60, the FBMT 100 Index dipped 18.22.70 points to 10,866. Of the actives, Komarkcorp rose 1.95, and the FBM ACE slipped 34.

5 sen to 15 sen, Dagang NeXchange went up 2.5 sen to 86.36.36.5 sen, Iconic Worldwide added two sen to 30 sen, Kanger International was flat at two sen, SMTrack shed 5.5 sen to 23.53 of-a-point weaker at 202.5 sen, AirAsia edged down half-a-sen to 61.43, the Financial Services Index fell 15.

5 sen, and AHB declined 1.27 points to 16,136.5 sen to 13 sen.  On the index board, the FBM Emas Index fell 76.29 points to 6,735.29 points to 6,735.22 points to 11,102.30, the FBMT 100 Index slipped 78. — Bernama You May Also Like.

92 points to 10,806.73, the FBM Emas Shariah Index decreased 102.79 points to 11,778.02, the FBM ACE dipped 36.46 points to 6,243.

17, and the FBM 70 declined 65.94 points to 13,786.63. Sector-wise, the Financial Services Index slid 60.92 points to 16,091.

16, the Industrial Products and Services Index eased 2.02 points to 200.94, and the Plantation Index was 98.37 points lower at 6,663.18.

The Main Market volume dwindled to 1.64 billion shares worth RM1.80 billion versus Friday’s 2.36 billion shares worth RM2.65 billion.

Warrants turnover shrank to 203.99 million units worth RM22.77 million from 262.03 million units worth RM31.58 million previously.

  The ACE Market volume decreased to 730.73 million shares worth RM176.58 million from 968.34 million shares worth RM266.65 million last Friday.

Consumer products and services counters accounted for 411.40 million shares traded on the Main Market, industrial products and services (462.62 million), construction (81.26 million), technology (277.88 million), SPAC (nil), financial services (58.

80 million), property (124.26 million), plantation (10.41 million), REITs (4.93 million), closed/fund (23,200), energy (117.52 million), healthcare (34.

58 million), telecommunications and media (16.35 million), transportation and logistics (21.50 million), and utilities (19.21 million). — Bernama You May Also Like Related Articles .