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KUALA LUMPUR: Bursa Malaysia ended at an intra-day low today on selling pressure across-the-board in tandem with most Southeast Asian bourses, taking the cue from the weaker overnight performance on Wall Street, dealers said.
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended at 1,865.34, down 15.02 points from Monday's close of 1,880.36.
It opened 3.39 points higher at 1,883.75 and moved between 1,865.34 and 1,885.32 throughout the day.
Market breadth was negative with losers outpacing gainers by 573 to 291 while 387 counters remained unchanged, 663 untraded and 28 others suspended.
Volume fell to 1.93 billion units worth RM2.32 billion from 1.94 billion units worth RM1.66 billion yesterday.
A dealer said Bursa Malaysia extended profit-taking consolidation today due to an overbought technical momentum after hitting an all-time high of 1,895.18, up 15.86 points, on Thursday last week.
“Concerns over the rising yields in US government bonds and the downturn among technology companies sapped optimism in most Southeast Asian equities markets which prompted a sell-off,” he said
Bursa Malaysia opened higher but succumbed to profit-taking after 15 minutes of trading with selling in blue-chips led by Press Metal Aluminium and telecommunication stocks.
Regionally, Japan's Nikkei gained 0.86% to 22,278.12, Hong Kong's Hang Seng rose 1.26% to 30,636.24, South Korea's Kospi declined 0.40% to 2,464.14, the Singapore's Straits Times Index was 0.08% better at 3,582.54 and Indonesia's Jakarta Composite index slipped 1.19% to 6,232.88.
Among heavyweights, Public Bank and CIMB shed two sen each to RM24.10 and RM7.22 respectively, Petronas Chemicals bagged three sen to RM8.49 while Maybank and Tenaga were flat at RM10.62 and RM15.88 respectively.
For actives, Sapura Energy and PUC eased 1.5 sen each to 70.5 sen and 22 sen, Hibiscus shed 3.5 sen to 82.5 sen and Nexgram eased half-a-sen to 39.5 sen.
The FBM Emas Index fell 105.25 points to 12,974.41, FBM Emas Shariah Index dropped 114.34 points to 13,131.70, FBMT 100 Index eased 106.52 points to 12,790.59 and the FBM 70 dipped 139.57 points to 15,286.24.
The FBM Ace bagged 23.83 points to 5,322.46.
Sector-wise, the Finance Index declined 104.94 points to 18,305.04, Industrial Index slipped 41.44 points to 3,211.79 and the Plantation Index shed 11.64 points to 7,991.96.
Main Market volume fell to 1.18 billion shares worth RM2.19 billion from 1.21 billion shares worth RM1.51 billion on Monday.
Warrants volume widened to 458.49 million units valued at RM78.38 million from 430.75 million units valued at RM96.66 million yesterday.
Volume on the ACE Market shrank to 284.65 million shares worth RM51.80 million from 299.25 million shares worth RM50.37 million on Monday.
Consumer products accounted for 33.13 million shares traded on the Main Market, industrial products (306.97 million), construction (66.09 million), trade and services (555.33 million), technology (72.09 million), infrastructure (14.69 million), SPAC (6.68 million), finance (46.20 million), hotels (3.46 million), properties (47.87 million), plantations (17.10 million), mining (8,000), REITs (11.19 million) and closed/fund (nil). — Bernama
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