Bursa Malaysia ends lower, CI eases 0.10%

BURSA Malaysia ended lower amid cautious sentiment over high COVID-19 infection level with more than 7,000 new cases reported today.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.48 points or 0.10% to 1,530.15 from Tuesday’s close of 1,531.63.

The market bellwether opened 0.67 of-a-point lower at 1,530.96 and moved between 1,523.42 and 1,531.03 throughout the day.

On the broader market, losers outpaced gainers 568 to 383, while 463 counters were unchanged, 765 untraded and 10 others suspended.

Turnover decreased to 4.80 billion units worth RM2.73 bil from Tuesday’s 6.75 billion units worth RM3.65 bil.

Malaysia recorded 7,097 new infection cases today, marking the second consecutive day with cases surpassing 7,000.

A dealer said all eyes were also on Bank Negara Malaysia’s decision on the interest rate tomorrow.

“But the market has already priced in that the central bank would maintain the current Overnight Policy Rate at 1.75%,” he added.

Among the heavyweights, IHH Healthcare advanced six sen to RM5.62, CIMB gained one sen to RM4.60, and Petronas Chemicals and TNB were flat at RM8.09 and RM9.71, respectively, while Maybank fell four sen to RM8.06 and Public Bank eased two sen to RM4.08.

Of the actives, Pelikan jumped 9.5 sen to 45.5 sen, Pasukhas went up 1.5 sen to 35.5 sen, Boustead Holdings bagged four sen to 70 sen, Metronic Global eased 1.5 sen to four sen, Serba Dinamik shed three sen to 48 sen, and Privasia trimmed two sen to 24 sen.  – July 7, 2021

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