BURSA Malaysia ended the week almost flat, with the key index easing by 0.05% amid cautious investors’ sentiment.
At 5 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) shed 0.69 of-a-point to 1,527.06 from 1,527.75 at Thursday’s close after opening 1.06 points higher at 1,528.81.
The key index fluctuated between 1,520.80 and 1,531.25 throughout the trading session.
The overall market breadth was negative with decliners outpacing advancers 575 to 334, while 442 counters were unchanged, 884 untraded, and 12 others suspended.
Total turnover eased to 2.64 billion units worth RM1.98 billion versus Thursday’s 3.39 billion units worth RM2.25 bil.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the FBM KLCI continued to trend lower as a result of regional selldown.
“Regionally, key indices closed broadly lower as Wall Street took a knock overnight, hurt by lingering concerns over the US Federal Reserve’s tightening and weaker-than-expected economic and earnings data,” he told Bernama.
Hong Kong’s Hang Seng Index added 0.05 per cent to 24,965.55, Singapore’s Straits Times Index eased 0.19 per cent to 3,288.87 and Japan’s Nikkei 225 fell 0.90 per cent to 27,522.26.
Among Bursa Malaysia’s heavyweights, Public Bank gained one sen to RM4.18, IHH Healthcare rose two sen to RM6.57, CIMB advanced five sen to RM5.30, Tenaga Nasional went up three sen to RM9.10, Maybank was flat at RM8.28, Petronas Chemicals trimmed six sen to RM8.89 and Hong Leong Bank slipped 14 sen to RM19.20.
Of the actives, Dagang NeXchange was two sen higher at 98.5 sen, Matang firmed one sen to 10 sen, G3 and Ageson were flat at eight sen and 2.5 sen respectively, while SMTrack fell three sen to 19 sen and Sapura Energy inched down half-a-sen to 4.5 sen. – Jan 21, 2022
