Shares on bursa Malaysia end lower

KUALA LUMPUR: Shares on Bursa Malaysia ended in the negative territory, weighed down by losses in key heavyweights and weaker buying support across-the-board.

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended at its lowest for the day at 1,764.89, down 7.41 points from last Friday's close of 1,772.3.

After opening 1.95 points better at 1,774.25 this morning, the benchmark index also touched its high of 1,774.43 during the session.

On the broader market, losers thumped gainers 688 to 224, with 345 counters unchanged, 525 untraded and 52 others suspended.

Volume decreased to 2.31 billion units, valued at RM1.86 billion from 2.86 billion units, valued at RM2.61 billion last Friday.

A dealer said the decline in the local bourse was due to profit-taking acitivies, as investors had already priced in the impact of the ongoing financial reporting season.

"Furthermore, the weaker global oil prices, due to a relentless increase in US drilling, also dampened market sentiment," he added.

International benchmark Brent crude futures fell six cents to US$52.09 per barrel as at 3 pm, while US West Texas Intermediate (WTI) crude futures declined eight cents to US$49.72 per barrel.

Among heavyweights, Maybank and Sime Darby were flat at RM9.40 and RM9.33, respectively, while TNB decreased eight sen to RM13.72, Public Bank declined six sen to RM20.02 and Petronas Chemicals was 15 sen weaker at RM7.25.

Of actives, China Automobile eased 1.5 sen to one sen, Borneo Oil was unchanged at 13 sen and AirAsia X inched down half-a-sen to 40.5 sen.

The FBM Emas Index was 65.38 points lower at 12,596.2, the FBMT 100 Index shed 61.21 points to 12,233.15 and the FBM Emas Shariah Index slid 74.93 points to 12,849.53.

The FBM Ace fell 118.8 points to 6,268.08 and the FBM 70 decreased 112.12 points to 15,033.38.

Sector-wise, the Finance Index fell 63.72 points to 16,436.13, the Industrial Index decreased 29.22 points to 3,246.71 and the Plantation Index was down 14.23 points at 8,050.23.

Main Market turnover decreased to 1.57 billion units worth RM1.74 billion from 1.85 billion units worth RM2.45 billion recorded last Friday.

Volume on the ACE Market fell to 504.27 million units, valued at RM101.63 million from 714.67 million units, valued at RM116.73 million.
Warrants declined to 223.1 million units valued at RM23.4 million from 291.34 million units valued at RM36.73 million last week.

Consumer products accounted for 86.56 million shares traded on the Main Market, industrial products (540.38 million), construction (89.45 million), trade and services (515.38 million), technology (49.87 million), infrastructure (9.07 million), SPAC (1.52 million), finance (59.53 million), hotels (2.28 million), properties (199.14 million), plantations (13.63 million), mining (3,000), REITs (11.29 million), and closed/fund (35,200).

The physical price of gold as at 5pm stood at RM168.72 per gramme, up 99 sen from RM167.73 at 5pm last friday. — Bernama