Bursa Malaysia rebounds, but settles below 1,600 psychological level
At 5pm, the FTSE Bursa Malaysia KLCI eased 1.90 points to 1,599.19, the lowest since September 2015 after opening 20.24 points lower at 1,580.85. — Bernama pic
Turnover increased to 2.82 billion shares valued at RM2.46 billion from 2.48 billion shares worth RM1.65 billion yesterday. Meanwhile, Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said some institutional investors may have entered and supported the market. Among the heavyweights, Maybank dropped two sen to RM8.96, while Public Bank rose 14 sen to RM22.46, Tenaga added six sen to RM11.80 and CIMB up four sen to RM5.16.
Sector-wise, the Financial Services Index rose 21.47 points to 16,538.20, the Plantation Index fell 101.12 points to 6,913.29 and the Industrial Products and Services Index was 0.86 of-a-point lower at 163.91.
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