Another tough day for Bursa, Tenaga weighs

  • Markets
  • Friday, 11 Sep 2020

KUALA LUMPUR: Bursa Malaysia got off Friday on a weak note as investor sentiment was impacted by the overnight fall on Wall Street again, with Tenaga Nasional weighing on the FBM KLCI.

At 9.25am, the KLCI was down 4.45 points or 0.3% to 1,485.67. Turnover was 948.28 million shares valued at RM621.75mil. There were 194 gainers, 488 losers and 295 counters unchanged.

Petronas Dagangan fell 32 sen to RM20.46 and Petronas Gas 12 sen to RM16.42 while Tenaga was down 24 sen to RM11.26 in active trade.

Panasonic was the top loser, down 38 sen to RM28.42 with 4,500 shares done. MPI lost 24 sen to RM16.34, QL Resources 13 sen to RM9.62 and Frontken 12 sen to RM3.26.

Glove makers managed to gain some traction after the heavy selling the previous day.

Top Glove rose 36 sen to RM6.81 and added 4.3 points to the KLCI. Supermax added 46 sen to RM6.56, Careplus 21 sen to RM2.23, Rubberex 18 sen to RM4.48 and Adventa 11 sen higher to RM1.83.

XOX was the most active with 46.88 million shares done, up 0.5 sen to 19 sen.

At Bursa on Thursday, local institutions were net sellers at RM236.5mil but foreign funds were net buyers for the second day at RM94.8mil and local retail investors RM141.7m.

In early Friday trade, among the key Asian markets, Japan's Nikkei 225 was 0.14% higher, Hang Seng Index added 0.16% but Taiwan's Taiex 0.29% lower, South Korea's Kospi shed 0.45% and Singapore's STI 0.33%.

US light crude oil eked out one cent to US$37.31 but Brent shed six cents to US$40.

Spot gold rose 97 cents to US$1,947.07.

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