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KL shares end lower on bearish sentiment

KUALA LUMPUR: Bursa Malaysia closed lower today on bearish sentiment amid the weaker regional markets.

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) decreased 2.58 points to 1,738.01 against Wednesday's close of 1,740.59.

The index opened 2.19 points lower at 1,738.40 and moved between 1,735.07 and 1,740.83 throughout the day.

A dealer said Asian stocks were broadly lower as the US Federal Reserve's report hinted at more rate hikes ahead.

Japan's Nikkei 225 edged down 0.80% to 22,658.16, China's Shanghai Composite Index decreased 2.94% to 2,486.42 and Hong Kong's Hang Seng eased 0.03% to 25,454.55.

Among Bursa Malaysia's heavyweights, Maybank added one sen to RM9.60 and Public Bank gained four sen to RM25.02.

TNB declined two sen to RM14.58 and Petronas Chemicals eased one sen to RM9.34 while CIMB was flat at RM6.03.

As for actives, Borneo Oil and Sapura Energy slipped half-a-sen each to five sen and 34.5 sen respectively, MRCB declined two sen to 77.5 sen and Tiger Synergy lost one sen to 5.5 sen.

Lion Industries added 2.5 sen to 80 sen.

Market breadth was negative with losers leading gainers 472 to 338, with 371 counters unchanged, 728 untraded and 51 others suspended.

Volume was lower at 2.0 billion units valued at RM2.02 billion from Wednesday's 2.02 billion units valued at RM2.08 billion.

The FBM Emas Index fell 17.44 points to 12,031.24, the FBM Emas Syariah Index slid 30.79 points to 12,040.09 and the FBMT 100 Index decreased 16.59 points to 11,854.99.

The FBM Ace Index jumped 40.11 points to 5,096.97 but the FBM 70 erased 15.63 points to 13,896.77.

Sector-wise, the Plantation Index was 39.11 points lower at 7,386.89 while the Industrial Products and Services Index added 0.24 of-a-point to 173.16 and the Financial Services Index increased 7.31 points to 17,582.97.

Main Market volume shrank to 1.44 billion shares worth RM1.9 billion from Wednesday's 1.62 billion shares worth RM1.98 billion.

Warrants turnover rose to 342.56 million units valued at RM73.69 million from yesterday's 205.37 million units valued at RM27.64 million.

Volume on the ACE Market decreased to 201.01 million shares worth RM51.59 million from 294 million shares worth RM63.67 million previously.

Consumer products and services accounted for 158.31 million shares traded on the Main Market, industrial products and services (380.31 million), construction (116.69 million), technology (135.88 million), SPAC (1.68 million), financial services (44.27 million), property (230.71 million), plantations (30.35 million), REITs (2.51 million), closed/fund (3,500), energy (245.26 million), healthcare (19.37 million), telecommunication and media (29.23 million), transportation and logistics (11.32 million) and utilities (42.48 million).

The physical price of gold as at 5pm stood at RM158.09 per gramme, down 28 sen from RM158.37 at 5pm yesterday. — Bernama


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KL shares close higher on selective play in heavyweights

KUALA LUMPUR: Bursa Malaysia closed higher today, lifted by selective play in heavyweight counters, amid stronger regional markets.

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) increased 8.1 points to 1,736.84 against Monday's close of 1,728.74.

The index had opened 0.57 of a point weaker at 1,728.17 and moved between 1,727.34 and 1,736.84 throughout the day.

A dealer said the local market experienced a modest lift in thin trading ahead of the mid-term review of the 11th Malaysia plan, scheduled for Thursday.

He said the mood in the market was helped by the rebound in major Asian equities markets after the recent heavy sell-off.

However, gains were capped due to growing tensions between the US and Saudi Arabia over the disappearance of a political journalist.

Regionally, Japan's Nikkei 225 edged-up 1.25% to 22,549.24 and Hong Kong's Hang Seng gained 0.07% to 25,462.26.

Meanwhile, the Shanghai Composite Index eased 0.85 of a point to 2,546.

Market breadth was negative with losers leading gainers 442 to 339, with 404 counters unchanged, 713 untraded and 28 others suspended.

Volume was easier at 1.52 billion units valued at RM1.61 billion versus Monday's 2.02 billion units valued at RM2.02 billion.

Among Bursa Malaysia's heavyweights, Hong Leong Bank rose 44 sen to RM20.94, CIMB gained 10 sen to RM6.03, MISC perked 13 sen to RM5.68 and Genting Malaysia and Dialog bagged nine sen each to RM4.38 and RM3.41 respectively.

As for actives, DGSB and Sapura Energy lost one sen each to five sen and 34.5 sen respectively.

Hibiscus Petroleum added three sen to RM1.25, Yong Tai garnered 5.5 sen to 68 sen and Nextgreen perked eight sen to 49.5 sen.

The FBM Emas Index strengthened 44.57 points to 12,008.95, the FBM Emas Syariah Index expanded 45 points to 12,023.97 and the FBMT 100 Index increased 47.21 points to 11,841.96.

The FBM Ace Index improved 23.02 points to 4,992.39 and the FBM 70 edged up 24.131 points to 13,861.94.

Sector-wise, the Plantation Index was 13.51 points higher at 7,400.96, the Financial Services Index jumped 77.5 points to 17,589.44 and the Industrial Products and Services Index added 0.21 point to 172.21.

Main Market volume shrank to 946.76 million shares worth RM1.5 billion from Monday's 1.40 billion shares worth RM1.89 billion.

Warrants turnover fell to 331.51 million units valued at RM68.96 million from 409.36 million units valued at RM82.39 million.

Volume on the ACE Market expanded to 247.95 million shares worth RM43.56 million from 209.59 million shares worth RM51.59 million.

Consumer products and services accounted for 118 million shares traded on the Main Market, industrial products and services (244.24 million), construction (70.73 million), technology (70.81 million), SPAC (2 million), financial services (27.09 million), property (111.11 million), plantations (15.29 million), REITs (3.09 million), closed/fund (10,600), energy (185.93 million), healthcare (29.83 million), telecommunication and media (25.88 million), transportation and logistics (14.3 million) and utilities (28.41 million).

The physical price of gold as at 5pm stood at RM158.64 per gramme, down 31 sen from RM158.95 at 5pm yesterday. — Bernama


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