Bursa Malaysia falls as worries over Ukraine nuclear catastrophe spooks traders

KUALA LUMPUR: Bursa Malaysia ended decrease at this time resulting from profit-taking actions throughout the board amid the weaker regional market sentiment on studies that Russia has seized a Ukrainian nuclear energy plant, the most important in Europe, a vendor mentioned.

Markets within the area had been additionally spooked by earlier studies {that a} constructing within the nuclear complicated had caught fireplace throughout combating between Russian and Ukrainian forces, though the newest report is that the hearth had been extinguished.

At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 14.6 factors to 1,603.94 from 1,618.54 at yesterday’s shut.

The barometer index, which opened 2.54 factors decrease at 1,616.00, moved between 1,598.17 and 1,616.28 all through the buying and selling session.

The broader market was adverse with decliners beating gainers 849 to 239, whereas 341 counters had been unchanged, 811 untraded, and 9 others suspended.

Turnover improved to three.44 billion models valued at RM3.29 billion from Thursday’s 3.43 billion models valued at RM3.76 billion.

Rakuten Commerce Sdn Bhd vice-president of fairness analysis Thong Pak Leng mentioned the Russia-Ukraine disaster has continued to harm market sentiment following the combating at Europe’s largest nuclear energy station in Ukraine, with studies {that a} constructing had caught fireplace and that Russia has seized management of the plant.

“Buyers are additionally nervous that sanctions imposed on Russia, together with the following surge in oil costs, may derail financial restoration even because the US Federal Reserve prepares to start elevating rates of interest,” he instructed Bernama.

Regardless of the market correction, the FBM KLCI stays properly supported to remain above the 1,600 degree, he added.

Among the many heavyweights, Maybank misplaced 12 sen to RM9.0, Public Financial institution eased one sen to RM4.42, Petronas Chemical compounds gained 4 sen to RM10.04, Press Metallic stayed at RM7.22 and IHH Healthcare rose three sen to RM6.60. Of the actives, SMTrack slid half-a-sen to 19.5 sen, Dagang Nexchange shed six sen to RM1.02 and China Car gained one sen to 2 sen.

On the index board, FBM ACE was down 168.53 factors to five,508.06, FBM 70 diminished 250.90 factors to 13,187.19, FBM Emas Index fell 136.16 factors to 11,341.51, FBMT 100 Index slipped 123.061 factors to 11,031.13, and FBM Emas Shariah Index contracted 162.28 factors to 12,079.37 .

Sector-wise, the Monetary Providers Index gave up 114.25 factors to 16,393.23, the Industrial Merchandise and Providers Index was 1.10 factors weaker at 213.22, and the Plantation Index diminished 235.08 factors to eight,547.51.

The Principal Market quantity expanded to three.44 billion shares value RM3.29 billion from 2.55 billion shares value RM3.53 billion on Thursday.

Warrants turnover rose to 374.88 million models value RM41.36 million in contrast with 326.85 million models value RM37.66 million yesterday.

The ACE Market quantity widened to 689.71 million shares valued at RM213.64 million versus 547.28 million shares valued at RM186.60 million beforehand.

Client services counters accounted for 268.13 million shares traded on the Principal Market, industrial services (751.93 million), development (109.24 million), expertise (295.17 million), SPAC (nil), monetary providers (85.86 million), property (165.26 million), plantation (245.81 million), REITs (7.69 million), closed/fund (86,500), vitality (275.41 million), healthcare (70.51 million), telecommunications and media (30.15 million), transportation and logistics (34.22 million) ), and utilities (33.70 million). – Bernama


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