Bursa stays in the red in mid-afternoon as investors continue to offload blue chips

TheEdge Tue, Mar 29, 2022 03:48pm - 2 years View Original


KUALA LUMPUR (March 29): Bursa Malaysia remained in the red in the mid-afternoon on continued selling of financial services stocks as well as consumer-related counters.

Financial majors Malayan Banking Bhd (Maybank) fell seven sen to RM8.89, Public Bank Bhd slipped three sen to RM4.64, CIMB Group Holdings Bhd lost two sen to RM6.22, Hong Leong Bank Bhd dropped 12 sen to RM20.12, RHB Bank Bhd slid four sen to RM5.92 and Hong Leong Financial Group Bhd tumbled 36 sen to RM19.48.

Of the consumer products and services stocks, Nestlé (Malaysia) Bhd dipped RM1.20 to RM134.80, Fraser & Neave Holdings Bhd (F&N) erased 50 sen to RM20.80 and Petronas Dagangan Bhd weakened 48 sen to RM20.88.

At 3.01pm, the benchmark FBM KLCI had fallen 17.16 points to 1,580.79 from 1,597.95 at Monday’s (March 28) close.

The key index opened 0.02 of a point lower at 1,597.93, and moved between 1,579.27 and 1,598.21.

On the broader market, decliners surpassed gainers 475 to 217, while 553 counters were unchanged, 1,055 untraded and 35 others suspended.

Total turnover stood at 1.77 billion units worth RM1.17 billion.

Among the heavyweights, Petronas Chemicals Group Bhd fell 18 sen to RM9.58, IHH Healthcare Bhd was 18 sen easier at RM6.22, Tenaga Nasional Bhd (TNB) reduced 10 sen to RM9.21 and Sime Darby Plantation Bhd declined six sen to RM4.99, while Press Metal Aluminium Holdings Bhd rose three sen to RM6.12.

Of the actives, Sapura Energy Bhd, CSH Alliance Bhd and Widad Group Bhd were flat at 3.5 sen, 14.5 sen and 36 sen respectively, while Top Builders Capital Bhd, DGB Asia Bhd and SMTrack Bhd each lost half a sen to two sen, two sen and eight sen respectively.

On the index board, FBM 70 declined by 99.15 points to 13,617.98, the FBM Emas Index was 107.83 points lower at 11,300.46, the FBM Emas Shariah Index fell 124.55 points to 11,868.11, the FBMT 100 Index lost 110.11 points to 10,986.79 and FBM ACE shed 42.33 points to 5,523.83. 

Sector-wise, the Industrial Products and Services Index inched down 1.66 points to 203.18, the Plantation Index weakened 54.68 points to 7,962.49 and the Financial Services Index gave up 121.68 points to 16,646.90.

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