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Bursa Malaysia lower at mid-day

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KUALA LUMPUR, Aug 5 ― Bursa Malaysia remained in the negative territory at midday on continued profit-taking as market participants kept their eyes locked on geopolitical...

KUALA LUMPUR, Aug 5 ― Bursa Malaysia remained in the negative territory at midday on continued profit-taking as market participants kept their eyes locked on geopolitical developments, an analyst said.

On the broader market, losers outpaced gainers 382 to 264, while 416 counters were unchanged, 1,185 untraded, and nine others suspended.ActivTrades trader Anderson Alves said Asian equities were caught in lacklustre trade today as peers on Wall Street traded sideways following earnings releases. Alves also stated that the mood in markets was also cautious ahead of the United States Nonfarm Payroll data.

Among the heavyweights, Maybank lost 2.0 sen to RM8.88, both Public Bank and CIMB were 1.0 sen lower at RM4.64 and RM5.24, respectively, Petronas Chemicals declined 5.0 sen to RM8.81, and IHH Healthcare slid 3.0 sen to RM6.43.

 

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