KUALA LUMPUR (Jan 6): The FBM KLCI closed below the 1,600 level today, after being in the negative territory throughout the trading session in line with weaker regional markets.
The benchmark index closed 16.38 points or 1.02% lower at 1,591.97 after touching an intraday low of 1,586.25.
MIDF Amanah Investment Bank Bhd research head Imran Yassin Yusof said market sentiment was weak as Fitch Ratings had turned negative in its outlook for the banking sector, while political uncertainties in Malaysia also cast a shadow on the market.
“I expect the volatility to continue. Things can turn quite quickly at the moment,” he told
theedgemarkets.com.
Rakuten Trade Sdn Bhd s research head Kenny Yee opined that the market was consolidating possibly for the next uptrend.
KUALA LUMPUR (Dec 31): The benchmark index at Bursa Malaysia fell 17.2 points or 1.05% to 1,627.21 points today, as investors took profit on the last trading day of 2020 prior to the extended New Year weekend.
Losers led gainers by 620 to 474, while 501 counters traded unchanged. Some 5.51 billion shares worth RM3.11 billion were traded today.
The losers list was topped by Fraser & Neave Holdings Bhd, which slid 60 sen or 1.84% to RM32.08, Nestle (M) Bhd, which fell 60 sen or 0.43% to RM138.9, and Kuala Lumpur Kepong Bhd, which dropped 52 sen or 2.15% to RM23.68.
Also on the losers list, at the 11th spot, was Sime Darby Plantation Bhd, which lost 18 sen or 3.48% to settle at RM4.99, following news that the United States has banned imports of palm oil from the group.
KUALA LUMPUR (Dec 29): With the roll-out of Covid-19 vaccines gaining momentum worldwide as the year 2020 draws to a close, glove bulls may not be in a party mood.
Most glove makers share prices have fallen at least one third from their peaks, despite the companies being set to post record earnings.
And the selling pressure persists, with all seven glove makers continuing to dominate the list of top losers on Bursa Malaysia today.
At the closing bell, Hartalega Holdings Bhd lost 52 sen or 4.17% to settle at RM11.94, making it the third top loser on the bourse. Compared with its recent peak of RM20.50 on Aug 3, the stock has slumped 41.76%.
Monday, 14 Dec 2020 06:03 PM MYT
On the broader market, losers thumped gainers 964 to 461, while 368 counters were unchanged, 351 untraded and 22 others suspended. Picture by Azneal Ishak
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KUALA LUMPUR, Dec 14 Bursa Malaysia, which was on a winning streak for the whole of last week, ended lower today amid a mixed regional performance due to profit-taking in heavyweight stocks led by glove counters.
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 21.84 points to 1,662.74 from Friday’s close of 1,684.58.
It opened 2.12 points easier at 1,682.46 and moved between 1,662.45 and 1,695.96 throughout the day.
Bursa Malaysia snaps five-day winning streak thesundaily.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesundaily.my Daily Mail and Mail on Sunday newspapers.