KUALA LUMPUR, Sept 20 — Bursa Malaysia ended today in red for the seventh consecutive session despite foreign investors returning to the market, pushed down by the selling of selected heavyweight counters led by Sime Darby Plantation and Top Glove.
Market breadth was negative with decliners outnumbering gainers 951 to 194, while 359 counters were unchanged, 772 untraded, and nine others suspended. “We reckon sentiments will remain dampened until more clarity surfaces. Having said that, we believe bargain hunting may emerge as the country’s economy is slowly reopening amid Covid-19 cases had declined to a two-month low,” he told Bernama.
Among the heavyweights, Sime Darby Plantation lost 35 sen to RM3.45, Top Glove trimmed 25 sen to RM2.81, and Press Metal fell 15 sen to RM5.65. On the index board, the FBM Emas Index narrowed 160.20 points to 11,205.62, the FBMT 100 Index was 148.30 points weaker at 10,911.56, and the FBM Emas Shariah Index lost 232.70 points to 12,181.44.
The Main Market volume decreased to 3.01 billion shares worth RM2.5 billion from last Friday’s 3.38 billion shares worth RM3.8 billion.
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