KUALA LUMPUR, April 4 — Bursa Malaysia bucked the regional market trend to end slightly lower today, weighed down by profit-taking in selected heavyweights amid cautious trading mode. At 5 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 3.49 points easier at 1,598.92 from 1,602.41...
KUALA LUMPUR, April 4 — Bursa Malaysia bucked the regional market trend to end slightly lower today, weighed down by profit-taking in selected heavyweights amid cautious trading mode.
However, on the broader market, gainers thumped losers 617 to 355, while 419 counters were unchanged, 853 untraded and 35 others suspended. “Concerns over Russia’s war in Ukraine and expectations of further US interest rate hikes continue to plague market sentiments,” he said. “The benchmark index was supported by continuous inflow of foreign funds amounting to RM6.8 billiion year to date. As such, we expect the index to trend within the region of 1,590 to1,610 for the week with immediate resistance at 1,610 while support at 1,580,” he added.
On the local front, among the heavyweights, Maybank slid two sen to RM8.96, Public Bank fell six sen to RM4.72, Petronas Chemicals dropped seven sen to RM9.70, and CIMB Group shed three sen to RM5.30 while IHH Healthcare added three sen to RM6.28. Sector-wise, the Industrial Products and Services Index added 1.06 points to 207.41, the Plantation Index surged 131.56 points to 8,080.32, while the Financial Services Index slipped 86.79 points to 16,822.07.
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