Bursa Malaysia Slips as Healthcare and Property Stocks Face Selling Pressure
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Bursa Malaysia slipped into negative territory at midday, pressured by selling activity in $Bursa Health Care (0062I.MY)$ and $Bursa Property (0020I.MY)$ sectors. $FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ dropped by 4.86 points, or 0.3%, to 1,636.80 compared to the previous close of 1,641.66.
The key index opened at 1,643.33, fluctuating between 1,634.12 and 1,644.44 throughout the morning session. The broader market was dominated by 876 decliners against 180 gainers, while 353 counters remained unchanged.
Sector and Stock Performance
• $Bursa Health Care (0062I.MY)$ and $Bursa Property (0020I.MY)$ Sectors: Suffered from notable selling pressures, contributing to the overall decline in the market.
The key index opened at 1,643.33, fluctuating between 1,634.12 and 1,644.44 throughout the morning session. The broader market was dominated by 876 decliners against 180 gainers, while 353 counters remained unchanged.
Sector and Stock Performance
• $Bursa Health Care (0062I.MY)$ and $Bursa Property (0020I.MY)$ Sectors: Suffered from notable selling pressures, contributing to the overall decline in the market.
• Heavyweights:
• $MAYBANK (1155.MY)$: Rose by 6.0 sen to RM10.50.
• $IHH (5225.MY)$: Gained 3.0 sen to RM6.35.
• $PBBANK (1295.MY)$: Fell by 3.0 sen to RM4.56.
• $CIMB (1023.MY)$: Dropped 9.0 sen to RM7.80.
• $TENAGA (5347.MY)$: Declined 8.0 sen to RM13.78.
• $MAYBANK (1155.MY)$: Rose by 6.0 sen to RM10.50.
• $IHH (5225.MY)$: Gained 3.0 sen to RM6.35.
• $PBBANK (1295.MY)$: Fell by 3.0 sen to RM4.56.
• $CIMB (1023.MY)$: Dropped 9.0 sen to RM7.80.
• $TENAGA (5347.MY)$: Declined 8.0 sen to RM13.78.
• Active Counters:
• $EPB (0317.MY)$: Debuted on the ACE Market, rising 6.5 sen to 62.5 sen.
• $ELRIDGE (0318.MY)$: Climbed 1.0 sen to 41.0 sen.
• $CEB (5311.MY)$: Edged up by half-a-sen to 40.5 sen.
• $GENETEC (0104.MY)$: Fell 9.0 sen to RM1.33.
• $MSM (5202.MY)$ : Dropped 10.0 sen to RM1.38.
Index Performance
• $EPB (0317.MY)$: Debuted on the ACE Market, rising 6.5 sen to 62.5 sen.
• $ELRIDGE (0318.MY)$: Climbed 1.0 sen to 41.0 sen.
• $CEB (5311.MY)$: Edged up by half-a-sen to 40.5 sen.
• $GENETEC (0104.MY)$: Fell 9.0 sen to RM1.33.
• $MSM (5202.MY)$ : Dropped 10.0 sen to RM1.38.
Index Performance
• $FTSE Bursa Malaysia EMAS Index (.FBMEMAS.MY)$: Shed 0.7%, falling 0.7% to 12,339.28.
• $FTSE Bursa Malaysia Top 100 Index (.FBM100.MY)$: Lost 0.59% to 12,020.56.
• $FTSE Bursa Malaysia ACE Index (.FBMMES.MY)$: Declined 1.85% to 5,176.32.
Market Sentiment and Outlook
Investors exhibited caution amid selling pressures in $Bursa Health Care (0062I.MY)$ and $Bursa Property (0020I.MY)$ stocks, compounded by anticipation over Jerome Powell’s speech at the Jackson Hole Symposium. Trading activity is expected to remain volatile as profit-taking persists ahead of the weekend.
• $FTSE Bursa Malaysia Top 100 Index (.FBM100.MY)$: Lost 0.59% to 12,020.56.
• $FTSE Bursa Malaysia ACE Index (.FBMMES.MY)$: Declined 1.85% to 5,176.32.
Market Sentiment and Outlook
Investors exhibited caution amid selling pressures in $Bursa Health Care (0062I.MY)$ and $Bursa Property (0020I.MY)$ stocks, compounded by anticipation over Jerome Powell’s speech at the Jackson Hole Symposium. Trading activity is expected to remain volatile as profit-taking persists ahead of the weekend.
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