Bursa Malaysia Slips on Profit-Taking Amid Regional Weakness
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Bursa Malaysia ended lower today due to profit-taking following a recent rally, in line with weaker regional market performances. The $FTSE Bursa Malaysia KLCI Index (.KLSE.GI)$ dropped 14.48 points, or 0.89%, to close at 1,622.07.
Key Highlights
• Losers vs Gainers: Losers outnumbered gainers 1,044 to 285, with 404 counters unchanged.
• Turnover: Increased to 5.34 billion units worth RM3.42 billion from 4.43 billion units worth RM3.27 billion on Friday.
• Losers vs Gainers: Losers outnumbered gainers 1,044 to 285, with 404 counters unchanged.
• Turnover: Increased to 5.34 billion units worth RM3.42 billion from 4.43 billion units worth RM3.27 billion on Friday.
Notable Movements
• Heavyweights: $MAYBANK (1155.BMS)$ fell 4 sen, $PBBANK (1295.BMS)$ dropped 5 sen, $CIMB (1023.BMS)$ declined 3 sen, $IHH (5225.BMS)$ decreased 7 sen, and $TENAGA (5347.BMS)$ remained flat.
• Actives: $BWYS (0313.BMS)$ debuted strong, increasing 13 sen to 35 sen, while $HUBLINE (7013.BMS)$ rose half-a-sen. $SAPNRG (5218.BMS)$, $MYEG (0138.BMS)$, and $EKOVEST (8877.BMS)$ eased slightly.
Sector Performance
• $Bursa Finance Services (0010I.BMS)$: Dipped 71.96 points.
• $Bursa Industrial Products & Services (0002I.BMS)$: Shed 2.07 points.
• $Bursa Energy (0061I.BMS)$: Slipped 13.53 points.
• $Bursa Plantation (0025I.BMS)$: Lost 16.47 points.
Outlook
The market’s recent pullback is seen as a healthy correction, offering opportunities to accumulate stocks at lower levels. The $FTSE Bursa Malaysia KLCI Index (.KLSE.GI)$ is expected to trend between 1,610 and 1,630 for the week, with long-term prospects remaining positive.
• Heavyweights: $MAYBANK (1155.BMS)$ fell 4 sen, $PBBANK (1295.BMS)$ dropped 5 sen, $CIMB (1023.BMS)$ declined 3 sen, $IHH (5225.BMS)$ decreased 7 sen, and $TENAGA (5347.BMS)$ remained flat.
• Actives: $BWYS (0313.BMS)$ debuted strong, increasing 13 sen to 35 sen, while $HUBLINE (7013.BMS)$ rose half-a-sen. $SAPNRG (5218.BMS)$, $MYEG (0138.BMS)$, and $EKOVEST (8877.BMS)$ eased slightly.
Sector Performance
• $Bursa Finance Services (0010I.BMS)$: Dipped 71.96 points.
• $Bursa Industrial Products & Services (0002I.BMS)$: Shed 2.07 points.
• $Bursa Energy (0061I.BMS)$: Slipped 13.53 points.
• $Bursa Plantation (0025I.BMS)$: Lost 16.47 points.
Outlook
The market’s recent pullback is seen as a healthy correction, offering opportunities to accumulate stocks at lower levels. The $FTSE Bursa Malaysia KLCI Index (.KLSE.GI)$ is expected to trend between 1,610 and 1,630 for the week, with long-term prospects remaining positive.
$THETA (9075.BMS)$ $HTPADU (5028.BMS)$ $HEIM (3255.BMS)$ $CEPCO (8435.BMS)$ $RVIEW (2542.BMS)$ $BKAWAN (1899.BMS)$ $BWYS (0313.BMS)$ $EDARAN (5036.BMS)$ $PGF (8117.BMS)$ $F&N (3689.BMS)$ $KESM (9334.BMS)$ $GREATEC (0208.BMS)$ $BURSA (1818.BMS)$ $AFFIN (5185.BMS)$ $IFCAMSC (0023.BMS)$ $SOP (5126.BMS)$ $VITROX (0097.BMS)$ $AGX (0299.BMS)$ $AMBANK (1015.BMS)$ $IBRACO (5084.BMS)$
$BWYS (0313.BMS)$ $SAPNRG (5218.BMS)$ $MYEG (0138.BMS)$ $EKOVEST (8877.BMS)$ $HUBLINE (7013.BMS)$ $JAKS (4723.BMS)$ $BJCORP (3395.BMS)$ $VELESTO (5243.BMS)$ $INGENIEU (5178.BMS)$ $NOVAMSC (0026.BMS)$ $WCT (9679.BMS)$ $JCY (5161.BMS)$ $TECHNAX (2739.BMS)$ $PA (7225.BMS)$ $MINETEC (7219.BMS)$ $DATAPRP (8338.BMS)$ $VELOCITY (7165.BMS)$ $SNS (0259.BMS)$ $AGX (0299.BMS)$ $SMETRIC (0203.BMS)$ $TANCO (2429.BMS)$ $SEALINK (5145.BMS)$
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