The FBM KLCI closed lower for the first trading day of 2024, breaking its six-session winning streak. Market sentiment remained cautious as investors assessed the year ahead.
The FBM KLCI struggled on the first trading day of the year, ending the day on a weak note in a cautious market. The FBM KLCI shed 9.46 points, or 0.58%, to close at 1,632.87, ending its six-session winning streak. The market traded within a range of 12.09 points between an intra-day high of 1,641.32 and a low of 1,629.23 during the session. There were 449 gainers, 580 losers and 496 counters traded unchanged on Bursa Malaysia. About 2.64 billion shares, valued at RM1.97bil, changed hands.
Top loser on Bursa Malaysia, lost 60 sen to RM25.30. Hong Leong Financial Group fell 36 sen to RM18.14, PETRONAS Chemicals slid 31 sen to RM4.86 and Tenaga Nasional declined 18 sen to RM14.76. Ecobuilt tumbled 28.57%, or one sen to 2.5 sen at 3.53 pm. It has fallen over 64% in the past six months. The construction company risks suspension of its securities trading if it fails to submit its annual report for the financial year ended Aug 31, 2024, by the deadline of Jan 8. added 54 sen to RM30.72, PETRONAS Dagangan rose 28 sen to RM19.60 and PETRONAS Gas fell 26 sen to RM17.94. Velocity Capital was the most actively traded stock. The stock, which saw 80.91 million shares traded, rose 1.5 sen, or 30% to 6.5 sen.The local currency has depreciated by 0.44% against the Singapore dollar at 3.2889. Elsewhere in the region, Japan’s Nikkei 225 fell 0.96%, Hong Kong’s Hang Seng Index closed down 2.18%, South Korea’s Kospi lost 0.02% and China’s CSI 300 Index tumbled 2.91%
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