Bursa Malaysia closes lower on late profit-taking
KUALA LUMPUR: Bursa Malaysia erased earlier gains to end mixed today on late profit-taking amid the weaker performance on regional bourses, dealers said.
At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 0.43 of-a-point to close at 1,747.92 compared with Monday's close of 1,748.35 after opening 0.95 of-a-point weaker at 1,747.40.
On the broader market, the tone was mixed with 420 gainers and 412 losers, 461 counters unchanged, 488 untraded and 116 others suspended.
Volume increased to 3.15 billion shares worth RM2.78 billion from 2.88 billion shares worth RM2.15 billion on Monday.
Regionally, Japan's Nikkei 225 fell marginally by 0.06 points to 22,011.61, Hong Kong's Hang Seng slipped 0.32% at 28,245.54 and Singapore's Strait Times Index fell 0.03% to 3,375.08.
A dealer noted that oil prices declined on Tuesday on profit-taking, however, the international benchmark Brent crude oil remained at above US$60 (RM254) per barrel.
"In the early trading session, we foresee that crude oil prices will contribute to the positive sentiment and support the market, thus, investors would focus on the oil and gas counters. However, due to external factors and profit-taking in the heavyweight counters, the local bourse ended in the red," he added.
Apart from that, the prospect of increasing US oil exports had dampened the overall bullish sentiment that had pushed Brent above US$60 (RM254) per barrel, he said.
Of the heavyweights, Tenaga improved 20 sen to RM15, Maybank added one sen to RM9.25, PBBank erased four sen to RM20.46 and Sime declined seven sen to RM9.20.
Among active counters, Huaan added eight sen to 31 sen, Trive was down half-a-sen to 13.5 sen, DNex inched up one sen at 48.5 sen while Dataprep added 3.5 sen at 23.5 sen.
The FBM Emas Index rose 0.49 of-a-point to 12,597.27, FBMT100 Index was 0.16 of-a-point firmer at 12,233.12, FBM Emas Syariah Index jumped 16.34 points to 13,082.72, FBM 70 increased 11.91 points to 15,474.10 and the FBM Ace rose 39.26 points to 6,940.17.
Sector-wise, the Plantation Index was 10.61 points lower at 7,999.02, the Industrial Index slipped 19.92 points to 3,196.77 and the Finance Index was 9.33 points weaker at 16,268.47.
The Main Market volume widened to 2.27 billion shares worth RM2.62 billion from 1.94 billion shares worth RM1.98 billion on Monday.
Volume on the ACE Market declined to 646.09 million units worth RM132.82 million from yesterday's 688.57 million units valued at RM150.17 million.
Warrants volume fell to 223.51 million shares worth RM22.35 million shares from 245.29 million shares worth RM22.24 million previously.
Consumer products accounted for 123.44 million shares traded on the Main Market, industrial products (488.72 million), construction (126.94 million), trade and services (810.75 million), technology (476.51 million), infrastructure (11.82 million), SPAC (1.89 million), finance (66.77 million), hotels (5.4 million), properties (94.98 million), plantations (54.11 million), mining (128,500), REITs (9.09 million), and closed/fund (27,000).
The physical price of gold as at 5pm stood at RM167.95 per gramme, up 59 sen from RM167.36 at 5pm yesterday. — Bernama