The market lacks catalysts, the composite index is closed down 2.56 points.
Although the dust has settled in the elections in the six states, some large-cap stocks are still being sold off. The performance of the Malaysian composite index is weak, consistent with the weak performance of regional exchanges.
As of midday 12:30, the composite index closed at 1454.60 points, down 2.56 points or 0.18%.
The volume of trading in half a day is 2.03 billion shares, with a turnover of 0.906 billion ringgit.
There are 455 stocks that have risen, 372 stocks that have fallen, 369 stocks that have remained unchanged, and 1133 stocks that have not traded.
The exchange rate of the ringgit at 12:30 noon is reported as 4.6140 against 1 US dollar.
$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$
Source: Nanyang Siang Pau, Klse Pulse
Market focus
The outcome of the state election is a mixed blessing? Sin stocks rose first and then fell
Is it better to maintain the status quo with a 3-3 tie to stabilize the market, or is the expansion of the 'Green Tide' causing more anxiety for investors? This morning, investors were caught in a tug of war on sin stocks most affected by the 'Green Tide', with significant fluctuations in casino and beer stocks.
On the first trading day after the state election, investors initially poured into the sin stock sector with optimism. Genting and the two 'big lottery' stocks continued to maintain the momentum they had already 'raced' prior to last week's elections, opening high and then turning lower.