Bursa Malaysia almost flat at close
Bursa Malaysia was almost flat at today’s close, with some buying in selected heavyweights but offset by selling in small caps. — Bernama pic
The benchmark index opened 4.49 points weaker at 1,682.33 and moved between 1,682.33 and 1,690.23 throughout the day. Phillip Capital Management senior vice-president Datuk Dr Nazri Khan Adam Khan said the local bourse is a defensive market and is currently receiving local buying support. “They are focusing on the 10-day National People’s Congress meeting, which commenced on Tuesday that would detail the country’s economic growth target and also the new law on foreign investment.
Of actives, Prestariang jumped 10 sen 54 sen, My EG added four sen to RM1.23, Sino Hua-An inched up half-a-sen to 22.5 sen while Sapura Energy fell half-a-sen to 31.5 sen. Sector-wise, the Financial Services Index lost 38.56 points to 17,518.80, the Plantation Index erased 24.26 points to 7,292.75 and the Industrial Products and Services Index perked 1.23 points to 170.84.
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