KUALA LUMPUR, Sept 15 — Bursa Malaysia ended flat after a roller-coaster trading session, falling marginally by 0.016 per cent with losers led by Hap Seng, Tenaga and Nestle, said Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng.
Market breadth was negative with losers beating gainers 519 to 492, while 445 counters were unchanged, 812 untraded and six others suspended. “Meanwhile, we believe the timing of a windfall tax on glove and plantation companies may be off as many see earnings for both sectors to peak this year amid the declining selling prices going forward,” he told Bernama.
Among the heavyweights, Maybank was flat at RM8.29, Public Bank added one sen to RM4.01, and Petronas Chemicals bagged nine sen to RM8.01. Top gainers were Genetec Technology which firmed RM1.98 to RM35.18, Hong Leong Bank which advanced 32 sen to RM18.78, and Tafi Industries which bagged 25 sen RM2.94.
The Main Market volume increased to 3.21 billion shares worth RM2.75 billion from yesterday’s 2.79 billion shares worth RM2.67 billion
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