Bursa Malaysia closes easier on mild profit-taking
The local bourse had been on the uptrend since the middle of last week, jumping 10.4 points to close at its intra-day high March 18, 2019. — Picture by Azneal Ishak
The market bellwether opened 1.54 points firmer at 1,692.48 and hovered between 1,687.68 and 1,694.89 throughout the day. Asked if the two-day Invest Malaysia 2019 conference, deemed as the largest capital market event in the country, had any implications on today’s market, Yee said it was too early to tell as the forum had yet to provide any fresh catalysts to move the stocks.
He said the reduction only applies to SMEs with paid capital below RM2.5 million and businesses with annual taxable income of below RM500,000. Nestle led the losers after falling 70 sen to RM147.80 while BAT topped the gainers’ list, accumulating 32 sen to RM34.58. Sector-wise, the Financial Services Index slipped 24.0 points to 17,476.0, the Industrial Products and Services Index went down 0.31 point to 170.58 and the Plantation Index shrank 22.97 points to 7,262.66.
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