Business

Bursa lower at the break

Prevalent selling in conventional and syariah mid-sized capitalisation shares pushes local bourse down

Updated 5 years ago · Published on 21 Jan 2021 1:54PM

Bursa lower at the break
Local benchmark the FBM KLCI shed 3.37 points to 1,598.17 after increasing 6.89 points to 1,608.43 at the open. – File pic, January 21, 2021

KUALA LUMPUR – Bursa Malaysia ended the morning trading session in negative territory due to prevalent selling in the conventional and syariah mid-sized capitalisation shares. 

At 12.30pm, the benchmark FBM KLCI fell by 3.37 points to 1,598.17 after increasing 6.89 points to 1,608.43 at the open, compared with yesterday’s close of 1,601.54.

The index moved between 1,595.94 and 1,615.22 throughout the session.

On the broader market, losers surpassed gainers 698 to 316, while 447 counters were unchanged, 660 untraded and 30 others suspended.

Total volume stood at 3.84 billion units worth RM2.19 billion.

Among the heavyweights, Maybank gained two sen to RM8.11 and Public Bank added 18 sen to RM21.50.

Meanwhile, PetChem shed 18 sen to RM7.36, Tenaga eased four sen to RM9.92 and Top Glove was eight sen lower at RM6.06.

Of the actives, Lambo was flat at three sen, HPP improved 19 sen to 90 sen, Dagang Nexchange added four sen to 26.5 sen, AT Systematization rose one sen to 18.5 sen and Fintec Global rose half-a-sen to eight sen.

On the index board, the FBM Emas Index eased 30.36 points to 11,564.3, the FBMT 100 Index was 25.42 points lower at 11,296.44, and the FBM Emas Shariah Index was 49.15 points weaker at 13,032.21.

The FBM 70 dropped 39.63 points to 14,870.94 and the FBM ACE fell 14.96 points to 10,835.42.

Sector-wise, the Financial Services Index increased 18.2 points to 14,894.63, the Plantation Index rose 28.86 points to 7,271.65, while the Industrial Products and Services Index slipped 1.83 points to 177.93. – Bernama, January 21, 2021

Spotlight

Malaysia

Desa ParkCity deaths: Netizens voice concern, call for increased enforcement, crackdowns on scammers

Malaysia

Seven Yemenis arrested over dangerous stunt on KL road

Malaysia

UMNO gives state leaders mandate to negotiate electoral pacts

Malaysia

Sultan Selangor warns against greed, abuse of trust

By Alfian Z.M. Tahir

Malaysia

Form Six students to get allowance from 2027

Malaysia

Desa ParkCity deaths: Wife believed to be victim of love scam, say cops

Malaysia

Saravanan's letter will be referred to MACC, relevant authorities - PM Anwar

Malaysia

Thirteen arrested after teen girl dies in suspected gang-related road attack in Kulai

You may be interested

Business

Robo.ai swings to positive equity after US$46.7m first-half profit

By Alfian Z.M. Tahir

Business

Oil prices fall as Hormuz reopening hopes offset Iran tensions

Business

Petronas revenue jumps 15% to RM152.4b as energy investments lift first-half earnings

Business

Property developer, Matrix Concepts sets RM1.8b FY2027 sales target

Business

ASM 2 Wawasan declares seven-year high payout of 5 sen a unit

Business

Questions over traceability of nearly 77,000 tonnes of K8 cargo at Tanjung Langsat

Business

Malaysia’s international reserves stand at US$132.07b in July