Bursa stays soft in slow trading, Public Bank drags


KUALA LUMPUR: The FBM KLCI remained soft in the morning session, slipping below the 1,520 level on the back of profit-taking as the corporate earnings season approached its final days.

At 12.30pm, the key index was down 2.68 points to 1,519.59.

Public Bank was down five sen to RM4.02 despite increases in other financial heavyweights.

Maybank rose three sen to RM8.15 ahead of its earnings results while Hong Leong Bank gained four sen to RM18.32 and CIMB was unchanged at RM5.19.

In telcos, Maxis weighed on the market, shedding five sne to RM4.54 while Axiata rose three sne to RM4 and Digi edged one sen higher to RM4.19.

IHH Healthcare pared its losses from the morning session, ending one sen lower at RM6.68.

On the broader market, SAM Engineering rallied RM1.18 to RM21.58 on the back of positive earnings results.

ATAIMS however was seen plunging 35 sen to 82 sen amid a Reuters report that Dyson had terminated its relationship with the electronics manufacturer on allegations of forced labour.

In other technology counters, KESM was seen retreating 30 sen to RM13 while Vitrox lost 18 sen to RM18.64.

Top actives were Fintec dropping 0.5 sen to 1.5 sen, VSolar unchanged at 1.5 sen and Green Ocean trading flat at 3.5 sen.

Meanwhile, Asian markets were mixed as the US dollar was lifted by speculation the US would lift interest rates more quickly than in other major economies.

Japan's Nikkei was up 0.75% while South Korea's Kospi dropped 0.4%.

In China, the composite index dipped 0.1% while Hong Kong's Hang Seng rose 0.1%.

Australia's ASX200 was up 0.1% minutes to the close.
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Bursa Malaysia , FBM KLCI , equities

   

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