Bursa Malaysia closes mixed on late buying

Publish date: Fri, 13 Aug 2021, 08:53 PM
KUALA LUMPUR: Bursa Malaysia turned mixed at the close today, driven by late buying in selected plantation as well as consumer products and services counters amid weaker regional market sentiment, dealers said.
 
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.14 points to end the day at 1,505.11 from Thursday's close of 1,501.97.
 
The market bellwether, which opened 1.39 points better at 1,503.36, fluctuated between 1,498.80 and 1,507.54 throughout the day.
 
Market breadth, however, remained negative with losers leading gainers 579 to 373, while 458 counters were unchanged, 806 untraded, and 32 others suspended.  
 
Turnover increased to 3.56 billion units worth RM2.1 billion from 3.45 billion units valued at RM2.27 billion on Thursday.
 
Among the biggest contributors to the benchmark index were Kuala Lumpur Kepong and Hap Seng Consolidated which rose by RM1.04 and 15 sen to RM20.18 and RM7.86 respectively.
 
A dealer said the Asian markets were mostly weaker despite the broadly positive sentiment from the overnight Wall Street as investors remain concerned over the recent regulatory crackdown in China and the alarming spread of the highly contagious coronavirus variants in the region.
 
The Chinese government has recently unveiled a five-year plan, outlining tighter regulation of much of its economy.
 
Back home, other heavyweights Maybank improved 4.0 sen to RM8.05 while Public Bank slipped 1.0 sen to RM3.94, and Petronas Chemicals and IHH Healthcare declined 3.0 sen each RM7.96 and RM5.80, respectively, and Tenaga Nasional fell 4.0 sen to RM9.66.
 
Among the actives, Serba Dinamik added 1.5 sen to 43.5 sen, KNM improved 1.0 sen to 21 sen, but  Dagang NeXchange shed 3.0 sen to 78.5 sen and Komarkcorp was down 1.5 sen to 14.5 sen.
 
 - Bernama
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2021-08-28 10:47

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