BURSA Malaysia ended mixed on Monday on continuous buying support in financial services, plantation and oil and gas stocks amid a weaker regional market performance, a dealer said.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 4.95 points to 1,583.84 from 1,578.89 at Friday’s close.
The barometer index, which opened 1.90 points lower at 1,576.99, moved between 1,575.10 and 1,585.08 throughout the session.
The overall market breadth was negative with losers surpassing gainers 598 to 386, while 375 counters were unchanged, 850 untraded, and 22 others suspended
Total turnover slipped marginally to 3.18 billion units worth RM2.49 bil against 3.19 billion units worth RM2.42 bil last Friday.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the key regional indices closed mostly lower as investors were cautious due to heightened political tensions between Russia and Ukraine.
“As for the local bourse, we reckon investor sentiment will also be cautious in the short term due to the increased regional market volatility as a result of the political tensions.
“We anticipate the FBM KLCI to hover within the 1,575 to 1,590 range for the week, with immediate resistance at 1,600 and support at 1,570,” Thong told Bernama.
Regionally, Singapore’s Straits Times Index lost 0.40% to 3,415.17, Japan’s Nikkei 225 fell 2.23% to 27,079.59, while Hong Kong’s Hang Seng Index slid 1.41% to 24,556.57.
Back home, heavyweights IOI Corp rose 12 sen to RM4.14, CIMB added six sen to RM5.61, Hong Leong Bank advanced 26 sen to RM20.26, Dialog Group firmed 9 sen to RM2.86, and Maxis inched up 5 sen to RM4.48.
As for the actives, KNM shed half-a-sen to 18 sen, SMTrack inched up 1 sen to 20.5 sen, AHB improved 5.5 sen to 21.5 sen, and Dagang NeXchange gained 6 sen to RM1.15. – Feb 14, 2022
