BURSA Malaysia ended mixed today with the key index rising by 0.11% on the back of cautious sentiment amid the ongoing political developments in the country.
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.65 points to end the day at 1,525.24 from Tuesday’s close of 1,523.59.
The market bellwether opened 1.39 points higher at 1,524.98 and fluctuated between 1,518.95 and 1,526.34 throughout the trading session.
Market breadth, however, was negative at the close with losers slightly outpacing gainers 472 to 436, while 460 counters were unchanged, 832 untraded, and eight others suspended.
Turnover decreased to 3.83 billion units worth RM2.20 bil from 4.32 billion units worth RM2.38 bil on Tuesday.
A dealer said investors were cautious ahead of the announcement of the new Prime Minister this week.
A special meeting of the Malay Rulers will be held this Friday at Istana Negara where the King is most likely to share the decision of the 220 Members of Parliament in choosing the prime minister.
On the local bourse, heavyweights IHH Healthcare and CIMB rose one sen each to RM5.79 and RM4.61, respectively, Maybank was flat at RM8.14, Public Bank and Petronas Chemicals both eased one sen to RM3.94 and RM7.99, while TNB shed five sen to RM9.89.
Among the actives, Sedania Innovator surged 13 sen to 76 sen, AppAsia increased 2.5 sen to 17 sen, Serba Dinamik was flat at 42 sen, Avillion declined one sen to 19 sen, and Advance Synergy trimmed three sen to 19.5 sen. – Aug 18, 2021
