Bursa lower in early trade
Market breadth was positive, with gainers outpacing losers 166 to 139.
Bursa Malaysia experienced a decline in early trade on Friday, following its higher opening. The FTSE Bursa Malaysia KLCI, the benchmark index, fell by 3.05 points to 1,731.66 from the previous close of 1,734.71. Despite Wall Street closing higher overnight, profit-taking was noted in industrial products and construction counters.
The market breadth was positive, with 166 gainers compared to 139 losers. A total of 289 counters remained unchanged, while 2,234 were untraded and 28 were suspended. Trading volume reached 192.50 million shares, valued at RM68.46 million. Market analysts attributed this slight downturn to the cautious mindset of investors, expecting the index to remain within the 1,730-1,740 range.
Among major companies, Maybank, Public Bank, CIMB Group, Tenaga Nasional, and IHH Healthcare remained flat. However, HHRG fell 2.5 sen to 13 sen, while Scope Industries rose by one sen to nine sen. Notable gainers included UMS Integration, Vitrox Corporation, LPI Capital, Hong Leong Bank, and UWC. Conversely, Petronas Chemicals Group, Press Metal Aluminium Holdings, Gamuda, Timberwell, and Sunway experienced losses.
The FBM ACE Index increased by 14.93 points to 5,259.58, the FBM 70 Index rose by 3.27 points to 18,333.49, while the FBM Emas Index declined by 14.14 points to 12,844.40. Within sectors, the Energy Index dropped 3.92 points to 779.40, the Financial Services Index decreased by 0.38 points to 20,356.63, and the Plantation Index slipped 20.21 points to 9,353.45.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Bursa lower in early trade freemalaysiatoday.com
