Bursa lacklustre ahead of 2Q GDP data

  • Markets
  • Friday, 14 Aug 2020

KUALA LUMPUR: Malaysia’s stock market was lacklustre in early Friday trade ahead of the release of the second quarter GDP data at midday and also due to the muted key Asian markets.

At 9.15am, the FBM KLCI was down 3.19 points or 0.2% to 1,573.23. Turnover was 1.218 billion shares valued at RM344.52mil. There were 165 gainers, 374 losers and 326 counters unchanged.

Bloomberg reported Asian stocks saw a muted start to trading after a lacklustre US session as investors mulled the stalemate in stimulus negotiations and parsed signs of an economic recovery.

Japan’s Topix Index fell 0.2% and South Korea’s Kospi Index fell 0.7%.

At Bursa on Thursday, foreign funds turned net buyers at RM105.6mil and local retailers continued to pick up stocks with net buying at RM34.8mil while local institutions were net sellers at RM140.4mil.

Heineken fell 50 sen to RM21.70, Carlsberg 30 sen to RM23.24, F&N 24 sen to RM32.18 in thin trade but Ajinomoto rose 18 sen to RM15.28.

Supermax shed 20 sen to RM19.28 but Kossan rose six sen to RM15.16.

Pharmaniaga lost 15 sen to RM4.47, Inix 14 sen to 42 sen and UWC 12 sen lower at Rm4.50.

PPB Group gained 18 sen to RM19.28 with just 200 shares done and United Plantations 16 sen to RM14.20.

Oversea Enterprise gained 10 sen to 80 sen.

Jewellers Poh Kong gained seven sen to RM1.01 and Tomei six sen to RM1.11.

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