Bursa Malaysia ends decrease on profit-taking

PETALING JAYA: Bursa Malaysia closed decrease yesterday on profit-taking throughout the board, amid a combined efficiency in regional friends as traders awaited the discharge of United States inflation information.

At 5pm, the benchmark FBM KLCI was 7.48 factors or 0.46% simpler at 1,597.13, its intraday low, in contrast with Monday’s shut of 1,604.61, reported Bernama.

The barometer index opened 0.74 of-a-point simpler at 1,603.87 and hit a excessive of 1,603.98 within the morning session.

On the broader market, losers beat gainers 578 to 340, whereas 444 counters had been unchanged, 891 untraded and 12 others suspended.

Whole turnover decreased to three.90 billion items price RM2.44bil from 4.40 billion items price RM2.37bil on Monday.

Rakuten Commerce Sdn Bhd vice-president of fairness analysis, Thong Pak Leng, stated regionally, key indices closed combined as traders continued to observe excessive inflation and tighter financial coverage anticipated in the USA and the Covid-19 lockdowns in China.

He stated China would launch its commerce information immediately, with the USA releasing retail gross sales and College of Michigan shopper sentiment information a day later.

Again dwelling, the FBM KLCI moved in a decent consolidation mode because the center of final month as traders remained cautious on account of heightened regional volatility.

“We foresee the benchmark index remaining in range-bound mode in the meanwhile on account of cautious sentiment though international shopping for and bargain-hunting might emerge as nicely,” he stated.

Thong expects the FBM KLCI to hover inside the 1,590 to 1,610 vary for the rest of the week, with rapid resistance at 1,620 and help at 1,580.

Japan’s Nikkei 225 misplaced 1.81% to 26,334.98, South Korea’s Kospi inched down 0.98% to 2,666.76 and Singapore’s Straits Instances Index shed 0.99% to three,330.25, whereas Hong Kong’s Cling Seng Index gained 0.52% to 21,319.13.

On the house entrance, heavyweights Malayan Banking Bhd fell three sen to RM8.82 and IHH Healthcare Bhd dropped 4 sen to RM6.36.

Petronas Chemical substances Group Bhd rose six sen to RM10.26, whereas Public Financial institution Bhd and CIMB Group Holdings Bhd had been flat at RM4.67 and RM5.33, respectively.

Of the lively counters, Vizione Holdings Bhd rose 2.5 sen to 10.5 sen, Tanco Holdings Bhd added 16 sen to 55.5 sen, Vortex Consolidated Bhd gained three sen to 19.5 sen, ATA IMS Bhd perked up 9.5 sen to 53 sen, whereas CSH Alliance Bhd was flat at 14 sen.


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