BURSA Malaysia ended mixed with the key index in the red zone amid cautious sentiment as COVID-19 cases remained above 6,000 on Monday.
At 5 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.99 of-a-point to 1,532.36 from Friday’s close of 1,533.35.
The market bellwether opened 0.69 of-a-point higher at 1,534.04 and moved between 1,525.40 and 1,535.88 throughout the day.
On the broader market, gainers outpaced losers 526 to 503, while 402 counters were unchanged, 742 untraded and nine others suspended.
Turnover increased to 6.5 billion units worth RM3.59 bil from 5.51 billion units worth RM2.88 bil recorded last Friday.
Malaysia recorded 6,387 new COVID-19 infection cases today.
Meanwhile, a dealer said investors were cautious and would be monitoring Bank Negara Malaysia’s decision after its Monetary Policy Committee meeting on July 8.
In its research note earlier today, Kenanga Research said of much interest would be the central bank’s stance on whether to stand pat or cut interest rate as well as its latest economic outlook in light of the Government’s recent measures to tighten further the movement restrictions in order to bring the COVID-19 pandemic under control
Bursa Malaysia’s heavyweights, Maybank gained two sen to RM8.13, Public Bank and IHH Healthcare were one sen higher to RM4.12 and RM5.62 respectively, while Petronas Chemicals rose three sen to RM8.10, TNB were flat at RM9.73 and CIMB fell three sen to RM4.61.
Of the actives, Serba Dinamik jumped 10 sen to 48.5 sen, Kumpulan Jetson advanced 19 sen to 55.5 sen, Sedania Innovator surged 30 sen to RM1.06, while Pasukhas and Sarawak Consolidated added 1.5 sen each to 30 sen and 82.5 sen. – July 5, 2021
