KUALA LUMPUR, Oct 26 — Bursa Malaysia ended lower today as investors remained cautious and continued to take profit ahead of the tabling of Budget 2022 this Friday.
Market breadth was also negative with losers outpacing gainers 589 to 419, while 444 counters were unchanged, 838 untraded, and 33 others suspended. “Meanwhile oil prices reached multi-year highs on Monday as Brent crude futures reached a session high of US$86.70 per barrel, its highest level since October 2018. We reckon this is a buying opportunity for local oil and gas stocks.
As for the actives, Key Alliance and Vortex both inched up half-a-sen to three sen and 10 sen, respectively, GUH Holdings advanced eight sen to 72 sen, Kanger was flat at five sen, while KNM and Dagang NeXchange edged down half-a-sen each to 21.5 sen and 76.5 sen. The Main Market volume went down to 2.29 billion shares worth RM2.05 billion from 2.59 billion shares worth RM2.05 billion on Monday.
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