Bursa Malaysia ends morning session lower

Bursa Malaysia ends morning session lower
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KUALA LUMPUR (Sept 20): Bursa Malaysia ended the morning trading session easier due to selling activities in selected heavyweights, led by Top Glove Corp Bhd and Press Metal Aluminium Holdings Bhd. 

At lunch break, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) lost 14.39 points to 1,534.12 from Friday's close of 1,548.51.

The index, which opened 0.89 of-a-point easier at 1,547.62, moved between 1,533.32 and 1,547.67 throughout the session.

Market breadth was negative with losers trouncing gainers 883 to 172, while 338 counters were unchanged, 883 untraded and nine others suspended.

Turnover stood at 2.71 billion units worth RM1.58 billion.

Rakuten Trade Sdn Bhd reckoned that sentiments would remain dampened pending further clarity.

“Nonetheless, we believe bargain hunting may emerge as the country’s economy is slowly reopening since Covid-19 cases have declined.

“As we enter the fourth quarter, one can expect some portfolio realignments and window-dressing activities to occur,” it said in a research note today. 

Among the heavyweights, Top Glove trimmed 17 sen to RM2.89, Press Metal discounted 15 sen to RM5.65 and Petronas Gas Bhd reduced by 52 sen to RM16.86. 

Malayan Banking Bhd advanced three sen to RM8.28, Petronas Chemicals Group Bhd was flat at RM7.94 and Public Bank Bhd shed two sen to RM6.68. 

Of the actives, Jadi Imaging Holdings Bhd edged up half-a-sen to 13 sen, TFP Solutions Bhd and Sapura Energy Bhd were flat at 22.5 sen and five sen, respectively, while Emico Holdings Bhd and Pasukhas Group Bhd both fell by one sen to 65.5 sen and 10.5 sen, respectively, and Dagang NeXchange Bhd declined 3.5 sen to 76.5 sen.  

On the index board, the FBM Emas Index decreased 122.86 points to 11,242.96, the FBMT 100 Index was 111.75 points easier at 10,948.11, and the FBM Emas Shariah Index contracted 169.65 points to 12,244.49. 

The FBM 70 fell 186.66 points to 14,820.63, while the FBM ACE eased 152.18 points to 7,049.04. 

Sector wise, the Plantation Index trimmed 88.43 points to 6,337.99, the Industrial Products and Services Index went down 2.6 points to 197.01, and the Financial Services Index fell 54.75 points to 15,235.05.