Bursa Malaysia ends near flat on cautious note

KUALA LUMPUR: Bursa Malaysia ended the day marginally lower as investors remained on the sidelines amid the absence of market-moving factors.

At 5pm, the FBM KLCI closed down 0.14 of-a-point at 1,587.94 after moving between an intraday high of 1,593.37 and a low of 1,586.77.

The broader market displayed its weakness as profit-takers triumphed over bargain-hunters. There were 457 gainers, 568 losers and 438 counters traded unchanged on the Bursa Malaysia.

About 3.87 billion shares, valued at RM2.46bil, changed hands.

Dealers said buying interest today was interspersed with profit-taking. They expect trading on Bursa Malaysia to continue to be cautious ahead of the tabling of Budget 2022 on Friday.

Chin Hin Group was the top gainer on Bursa Malaysia, jumping 45 sen to RM1.95, followed by Hong Leong Capital, which added 36 sen to RM8.79, Complete Logistic Services, which rose 22 sen to RM2.29 and Petronas Dagangan added 22 sen to RM20.50.

MPI lost 86 sen to RM45.80, Nestle fell 70 sen to RM133.70, PMB Technology shed 38 sen to RM13.94 and Carlsberg declined 34 sen to RM22.24.

Among the banks, CIMB and Public Bank added one sen each to RM5.24 and RM4.24 respectively. Hong Leong Bank added six sen to RM18.84. RHB Bank and Maybank closed unchanged at RM5.70 and RM8.15 respectively.

Elsewhere in the region, Japan’s Nikkei Stock Average fell 0.71%, South Korea’s Kospi rose 0.48%, China’s Shanghai Composite index was up 0.76% and Hong Kong’s Hang Seng Index closed up 0.02%.

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Bursa Malaysia , KLCI , FBM KLCI , Budget 2022


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