Bursa Malaysia snaps 5-day losing streak, CI up 0.11%
KUALA LUMPUR: Bursa Malaysia snapped a five-day losing streak to end mixed today, with the key index rising 0.11% spurred by buying interest in selected heavyweights led by Maybank.
At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was marginally higher at 1,627.96, up 1.85 points, after fluctuating between 1,619.78 and 1,629.05 throughout the day.
It opened 5.19 points easier at 1,620.92.
Among heavyweights, Maybank and Genting Bhd both jumped 13 sen to RM8.13 and RM8.17, respectively, while Axiata and IOI Corp gained four sen each to RM5.59 and RM4.33.
TNB declined six sen to RM13.96 and Public Bank eased four sen to RM19.14.
As for actives, LKL International gained 1.5 sen to 32.5 sen, Sanichi Technology was flat at 14 sen, Trive Property Group fell one sen to 8.5 sen and China Automobile Parts inched down half-a-sen to 3.5 sen.
In a note today, Kenanga Research said the key index was expected to trade with a downside bias towards its immediate support level of 1,620 in the next few days amid the falling ringgit, weaker crude oil prices and uncertainties looming over the global economy.
Meanwhile, the US Federal Reserve will release the policy decision from its two-day meeting later today.
On the broader market, losers led gainers 409 to 312 with 372 counters unchanged, 613 untraded and 15 others suspended.
Volume was higher at 1.53 billion units worth RM1.45 billion from 1.47 billion units worth RM1.62 billion on Tuesday.
The FBM Emas Index went down 2.11 points to 11,396.03, the FBMT 100 Index fell 1.54 points to 11,094.27 and the FBM Emas Shariah Index lost 6.04 points to 11,959.90.
The FBM 70 declined 52.17 points to 12,922.84 but the FBM Ace was 22.05 points higher at 5,373.0.
The Finance Index increased 29.96 points to 14,072.36, the Plantation Index advanced 21.99 points to 7,568.64 but the Industrial Index decreased 6.10 points at 3,059.70.
Main Market turnover decreased to 830.75 million shares worth RM1.35 billion from Tuesday's 891.74 million shares worth RM1.50 billion.
The ACE Market volume increased to 441.50 million shares worth RM64.81 million from 308.64 million shares worth RM80.02 million yesterday.
Warrants declined to 258.68 million shares worth RM31.97 million from 266.79 million shares worth RM34.04 million previously.
Consumer products accounted for 36.16 million shares traded on the Main Market, industrial products (236.42 million), construction (33.60 million), trade and services (248.06 million), technology (138.80 million), infrastructure (5.60 million), SPAC (9.18 million), finance (33.93 million), hotels (493,100), properties (43.80 million), plantations (35.11 million), mining (400), REITs (9.59 million) and closed/fund (0).
The physical price of gold as at 5pm stood at RM163.27 per gramme, down three sen from RM163.30 at 5pm yesterday. — Bernama