Bursa Malaysia Ends Flat Amid Profit-Taking
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Bursa Malaysia ended the day almost unchanged, recouping earlier losses to close slightly higher. The $FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ inched up 0.27 points to 1,633.81. The market saw mixed performances, with heavyweights like $MAYBANK (1155.MY)$ and $PBBANK (1295.MY)$ gaining, while $TENAGA (5347.MY)$ and $PMETAL (8869.MY)$ saw declines.
Key Highlights
• Gainers: $MAYBANK (1155.MY)$ added two sen, $PBBANK (1295.MY)$ advanced eight sen, $CIMB (1023.MY)$ and $PCHEM (5183.MY)$ gained one sen each.
• Decliners: $TENAGA (5347.MY)$ fell six sen, $IHH (5225.MY)$ eased one sen, and $PMETAL (8869.MY)$ dipped 49 sen.
• Active Counters: $HUBLINE (7013.MY)$, $EKOVEST (8877.MY)$, and $NOVAMSC (0026.MY)$ were among the active gainers, while $MYEG (0138.MY)$ and $ARMADA (5210.MY)$ saw declines.
Market Trends
Turnover increased to 5.49 billion units worth RM4.22 billion, reflecting robust market activity. The broader market had more losers than gainers, with 727 counters down compared to 499 gainers. The $Bursa Plantation (0025I.MY)$ fell, while the $Bursa Finance Services (0010I.MY)$ Index rose, indicating sector-specific movements.
Regional Performance
Asian markets had mixed results, with Japan’s $Nikkei 225 (.N225.JP)$ down significantly, while Hong Kong and Indonesia showed gains. The regional sentiment was influenced by geopolitical concerns and potential US policy changes.
Insights
Despite the flattish close, the overall sentiment towards the Malaysian market remains positive, with strong trading volumes and investor confidence. The market’s resilience amid mixed regional performance suggests a robust outlook.
• Gainers: $MAYBANK (1155.MY)$ added two sen, $PBBANK (1295.MY)$ advanced eight sen, $CIMB (1023.MY)$ and $PCHEM (5183.MY)$ gained one sen each.
• Decliners: $TENAGA (5347.MY)$ fell six sen, $IHH (5225.MY)$ eased one sen, and $PMETAL (8869.MY)$ dipped 49 sen.
• Active Counters: $HUBLINE (7013.MY)$, $EKOVEST (8877.MY)$, and $NOVAMSC (0026.MY)$ were among the active gainers, while $MYEG (0138.MY)$ and $ARMADA (5210.MY)$ saw declines.
Market Trends
Turnover increased to 5.49 billion units worth RM4.22 billion, reflecting robust market activity. The broader market had more losers than gainers, with 727 counters down compared to 499 gainers. The $Bursa Plantation (0025I.MY)$ fell, while the $Bursa Finance Services (0010I.MY)$ Index rose, indicating sector-specific movements.
Regional Performance
Asian markets had mixed results, with Japan’s $Nikkei 225 (.N225.JP)$ down significantly, while Hong Kong and Indonesia showed gains. The regional sentiment was influenced by geopolitical concerns and potential US policy changes.
Insights
Despite the flattish close, the overall sentiment towards the Malaysian market remains positive, with strong trading volumes and investor confidence. The market’s resilience amid mixed regional performance suggests a robust outlook.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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