Trading volume on Bursa shrinks to month low


: Trading volume on Bursa fell to a one-month low on Friday as investors stayed cautious over the persistent worries over the -US trade war.

The FBM KLCI was given a late boost from Tenaga Nasional and Dialog but telcos led by Telekom Malaysia came under pressure.

At 5pm, the KLCI was up 1.96 points or 0.11% to 1,780.09. Turnover was 1.85 billion shares valued at RM1.58bil. The broader market was firmer as gainers beat losers 481 to 326 while 437 counters unchanged.

China was the worst hit among the key Asian markets with the CSI 300 down 1.65% and Shanghai Composite fell 1% and Shenzen 1.72%.

Hong Kong shares edged lower, dragged down by fears of slowing growth in China, a vaccine scandal that weighed on healthcare shares and persistent worries over the Sino-US trade war, Reuters reported.

At Bursa, Tenaga rose 14 sen to RM15.42 and added 1.41 points to the KLCI, Genting Malaysia added four sen to RM5.09, MAHB added 24 sen to RM9.80 but Genting shed one sen to RM8.70.

US light crude oil fell 14 cents to US$68.82 and dropped 20 cents to US$73.25.

Dialog rose 10 sen to RM3.38, Petronas Gas and Petronas Dagangan eight sen each to RM19.08 and RM26.80 while Petronas Chemical edged up two sen to RM9.03.

Crude palm oil for third month delivery rose RM3 to RM2,194 per tonne. PPB Group rose eight sen to RM16.54, Corp five sen higher at RM4.58 but KL fell six sen to RM24.68.

Sime Plantation rose eight sen to RM5.26, Sime Darby added three sen to RM2.55 while Sime Property rose one sen RM1.35.

As for banks, CIMB fell six sen to RM5.79, lost two sen to RM5.79, Hong Leong Bank eight sen to RM19.12, Maybank and RHB Bank shed one sen each to RM9.83 and RM5.45.

Telekom fell 19 sen to RM3.68 and it wiped out 1.26 points from the KLCI, Axiata and Digi lost seven sen each to RM4.32 and RM4.58 while Maxis gained one sen to RM5.68.

Source: The Star

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