Bursa lower at midday

TheEdge Wed, Jun 30, 2021 01:20pm - 2 years View Original


KUALA LUMPUR (June 30): Bursa Malaysia ended the morning trading session lower as investors were in risk-off mode due to prevalent negative vibes from Covid-19 developments in the country.

The downtrend can be seen across sectors, except for the technology, telecommunications and media, consumer products and services sectors, which recorded marginal gains.

At 12.30pm, the benchmark FBM KLCI was 5.64 points easier at 1,542.67 from yesterday’s close at 1,548.31.

The market bellwether opened 1.01 points lower at 1,547.30, and fluctuated between 1,540.97 and 1,551.95 throughout the morning session.

On the broader market, losers surpassed gainers 523 to 316, while 390 counters were unchanged, 987 untraded and 61 others suspended.

Turnover stood at 2.39 billion units worth RM1.14 billion.

An analyst said the market was dragged down by losses in Top Glove Corp Bhd and Hartalega Holdings Bhd as investors booked profits following yesterday's gains.

Overall, trading continued to be muted following a lack of market-moving news domestically.

"Investors are also keeping an eye out for the outcome of the Organization of the Petroleum Exporting Countries and its allies (OPEC+) meeting tomorrow," she said.

Conversely, regional markets were mostly higher, with investors taking their cues from the positive overnight Wall Street performance as the Nasdaq and the S&P 500 both hit fresh closing highs.     

Singapore's Straits Times Index rose 1.33% to 3,130.69, Japan's Nikkei was 0.01% better at 28,814.44 and China's SSE Composite Index increased 0.24% to 3,581.72.

Back home, heavyweights Top Glove and Hartalega dropped nine sen and six sen to RM4.21 and RM7.43 respectively, while both Digi.Com Bhd and IOI Corp Bhd declined eight sen to RM4.20 and RM3.73 respectively.

Meanwhile, Petronas Chemicals Group Bhd (PetChem) gained five sen to RM8.11 and CIMB Group Holdings Bhd was two sen higher at RM4.63.

Of the actives, Sedania Innovator Bhd surged 23.5 sen to 73.5 sen, Serba Dinamik Holdings Bhd was flat at 32 sen, while both OCR Group Bhd and Saudee Group Bhd gained 1.5 sen to 22 sen and 20 sen respectively.

On the index board, the FBM Emas Index fell 30.63 points to 11,219.03, the FBMT 100 Index decreased 31.62 points to 10,937.62 and the FBM Emas Shariah Index reduced 36.10 points to 12,271.83.

The FBM ACE eased 15.07 points to 7,062.37 and the FBM 70 was 9.33 points lower at 14,528.13.

Sector-wise, the Financial Services Index dropped 33.02 points to 15,118.44, the Industrial Products and Services Index was 0.21 of a point lower at 187.12, and the Plantation Index shed 24.95 points to 6,444.90.

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