Bursa Malaysia ends marginally lower
At 5pm, the benchmark FTSE Bursa Malaysia KLCI lost 0.98 of-a-point to 1,637.40 from Friday’s close of 1,638.38. — Picture by Azneal Ishak
After opening 1.08 points lower at 1,637.30, the index moved between 1,631.83 and 1,637.49 throughout the session. He said the weaker ringgit would make the local equities market more appealing to foreign investors, while the revival of infrastructure projects such as East Coast Rail Link and Bandar Malaysia would attract more interest in the construction sector.
“With the sudden slump in crude oil prices last week, we may anticipate oil and gas stocks to take a beating this week,” it said. Among the gainers were Yee Lee Corporation which added 39 sen to RM2.33, followed by PLB Engineering which increased 24 sen to RM1.42 while Sunsuria gained 10 sen to 73.5 sen.
Sector-wise, the Financial Services Index went up 5.91 points to 16,887.37, the Plantation Index slid 24.43 points to 7,274.04 and the Industrial Products and Services Index eased 1.93 points to 170.08.
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