Bursa Malaysia ends mixed on first trading day | Malay Mail

KUALA LUMPUR, Jan 3 — Bursa Malaysia ended the first trading day of 2022 on a mixed note as the key index remained in negative territory on the back of continuous selling among the heavyweights, while on the broader market, gainers outnumbered losers.

The index opened 13.89 points lower at 1,553.64 and moved between 1,545.53 and 1,556.28 throughout the day. Market breadth turned positive with gainers leading losers 485 to 436, while 363 counters were unchanged, 990 untraded and 15 others suspended. “We believe Malaysian equities are undervalued compared to its regional peers, but on the other hand, the heightened volatility and external uncertainties will be major setbacks.

Of the actives, SMTrack bagged 4.5 sen to 23.5 sen, Dagang Nexchange improved five sen to 81 sen and Key Alliance was flat at 1.5 sen, while XOX, DGB and AT Systematization all remained at three sen. Sector-wise, the Financial Services Index rose 48.43 points to 15,614.07 and the Plantation Index soared 108.27 points to 6,660.38, while the Industrial Products and Services Index slipped 1.32 points to 201.39.

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