Bursa Malaysia ends flat on lack of catalysts

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KUALA LUMPUR: Bursa Malaysia ended mixed today, with the benchmark index barely moving due to a lack of catalysts, said an analyst.

At 5 pm, the benchmark FTSE Bursa Malaysia KLCI inched up 1.33 points, or 0.09 per cent, to finish at 1,526.87. The key index moved between 1,522.71 and 1,529.26 throughout the day.On the broader market, decliners led gainers 569 to 373, while 449 counters were unchanged, 931 untraded and 19 others suspended.

"On the domestic front, the FBM KLCI trended in a tight consolidation mode for more than a week, hence we prefer to remain cautious. As such, we anticipate the FBM KLCI to hover within the range of 1,525-1,535 for next week,” he told Bernama. On the index board, the FBMT 100 Index increased 0.9 of-a-point to 10,896.48, the FBM Emas Index inched down 0.38 of-a-point to 11,245.26, and the FBM Emas Shariah Index discounted 15.98 points to 12,211.77, the FBM ACE weakened 21.49 points to 6,793.57, and the FBM 70 fell 32.32 points to 14,751.24.

 

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