FBM KLCI ends at intraday low on profit-taking
BURSA Malaysia bucked the regional trend with the benchmark index closing at its intraday low yesterday, amid profit-taking after a strong closing on Monday.
The local bourse started the week strongly on Monday, buoyed by continued positive momentum with the FBM KLCI finishing 0.48% higher lifted by buying interest in utilities and telecommunication stocks, said an analyst.
At 5pm, the FBM KLCI fell 6.69 points or 0.42% to 1,575.97 from Monday’s close of 1,582.66.
The key index opened 0.92 of-a-point better at 1,583.58 and hit its day’s high at 1,589.06 in the early morning session.
However, on the broader market, gainers led losers 524 to 521, while 493 counters were unchanged, 799 untraded and 74 others suspended.
Turnover declined to 4.18 billion units worth RM3.75 billion from 4.24 billion units worth RM3.25 billion on Monday.
Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the key regional indices were mostly positive following the upbeat tone on Wall Street overnight given the encouraging corporate earnings and easing geopolitical tensions in the Middle East.
Heavyweights Maybank slid two sen to RM9.73, Public Bank lost six sen to RM4.12 and IHH Healthcare shed four sen to RM6.33.
Tenaga Nasional rose four sen to RM11.96 while CIMB was flat at RM6.61.
As for the actives, MyEG gained 2.5 sen to 93.5 sen, Iconic Worldwide warrant added 1.5 sen to 4.5 sen, Classita Holdings edged up half-a-sen to 4.5 sen, Iconic Worldwide bagged 2.5 sen to 10.5 sen, while Main Market debutant MKH Oil Palm eased halfa-sen to 61.5 sen. – Bernama