KUALA LUMPUR, Aug 6 ― Bursa Malaysia was slightly lower at mid-morning as the mixed market sentiment continued to weigh on investors’ risk appetite. At 11.04am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 1.09 points to 1,494.69 after fluctuating between 1,493.63 and 1,498.59....
KUALA LUMPUR, Aug 6 ― Bursa Malaysia was slightly lower at mid-morning as the mixed market sentiment continued to weigh on investors’ risk appetite.
Market breadth was weaker as losers outpaced gainers 397 versus 357, while 412 counters were unchanged, 1,027 untraded and 11 others suspended.In a note today, Malacca Securities Sdn Bhd said the market sentiment should be recovering further after Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz announced that the hospitalisation rate would be used as a metric to ease curbs for states, instead of daily confirmed cases.
Additionally, investors may pay more attention to the recovery theme stocks as the relaxation of standard operating procedures for fully vaccinated citizens may be announced soon, it said. Of the heavyweights, Maybank trimmed two sen to RM8.02, Petronas Chemicals slipped one sen to RM7.99, Tenaga gave up four sen for RM9.68, CIMB shed three sen to RM4.52, while Public Bank was flat at RM3.96.Among the actives, Kanger, Encorp and QES inched down half-a-sen each to 6.0 sen, 32 sen and 88.5 sen, respectively, while Focus was flat at 4.0 sen.
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