Bursa Malaysia Ends Lower As Market Awaits New Govt Formation


Bursa Malaysia pared most of its early losses to close marginally lower today, as uncertainty over the formation of a new government continued to weigh on market sentiment.
At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) shed 1.36 points, or 0.09 percent, to end at its intraday high of 1,447.96 against 1,449.32 last Thursday.
The market bellwether, which opened 14.77 points lower at 1,434.55, moved in the negative territory throughout the day with the focus fixed on the final outcome of negotiations among various political parties.
Selloffs during the morning session saw the FBM KLCI falling as much as 21.31 points to the day's low of 1,427.75 at one point, before shrugging off the jitters to climb steadily to recover most of the losses.
The expected downtrend saw decliners outpacing advancers on the broader market by 510 to 378, while 362 counters were unchanged, 1,082 untraded, and 48 others suspended.
Turnover swelled to 4.29 billion units worth RM2.5 billion versus 2.63 billion units valued at RM1.85 billion on Thursday last week.
An economist, who requested anonymity, said the volatility in the equities market today was quite expected given the hung Parliament situation, which led to some form of uncertainties. However, the market was fairly stable following a seemingly knee-jerk reaction in the early session.
“I think the country has gone through some political turbulence since 2018, along with Covid-19 shocks during 2020 and 2021.
“Therefore, the market is likely to be cautious as the political events are still unfolding. The sooner the new government can be formed, the better it will be for the market,” the economist told Bernama.
On the index board, the FBM Emas Index shed 4.43 points to 10,274.81 and the FBMT 100 Index declined 5.81 points to 10,005.0.
Industrial products, services edge up
However, the FBM Emas Shariah Index recovered 8.72 points to 10,407.49, the FBM 70 rebounded 7.44 points to 12,166.94, and the FBM ACE increased 37.58 points to 4,952.5.
Sector-wise, the Industrial Products and Services Index edged up 0.32 of a point to 178.92, the Energy Index perked up 3.04 points to 726.37, the Financial Services Index rose 31.98 points to 16,207.78 and the Plantation Index erased 41.06 points to 6,839.17.
The Main Market volume surged to 3.6 billion shares worth RM12.33 billion from 1.85 billion shares worth RM1.65 billion on Thursday.    
Warrants turnover decreased to 322.42 million units valued at RM46.07 million from Thursday's 399.82 million units valued at RM75.64 million.
The ACE Market volume slid to 363.97 million shares worth RM121.19 million from 387.19 million shares worth RM120.68 million previously.
Consumer products and services counters accounted for 1.99 billion shares traded on the Main Market, industrial products and services (515.38 million); construction (47.03 million); technology (383.28 million); SPAC (nil), financial services (73.92 million); property (155.75 million); plantation (16.46 million); REITs (6.13 million), closed/fund (18,500); energy (129.21 million); healthcare (98.13 million); telecommunications and media (17.13 million); transportation and logistics (30.84 million); and utilities (141.29 million).
The market was closed last Friday to enable electors to exercise their right to vote in GE15.
- Bernama

Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :


Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Anti Hopping Law Could Stymie Formation Of New Govt

Anti Hopping Law Could Stymie Formation Of New Govt

papar berkaitan - pada 20/11/2022 - jumlah : 27 hits
There is much conjecture around that GE15 could result in a hung parliament where no one coalition achieves a simple majority Under such a situation the new anti hopping provision now embedded within Article 49 of the Federal Constitution c...
Malaysia S Next Big Leap Lies In New Industrial Policy Says Khairy

Malaysia S Next Big Leap Lies In New Industrial Policy Says Khairy

papar berkaitan - pada 16/11/2022 - jumlah : 41 hits
Khairy Jamaluddin says Malaysia must take advantage of global opportunities in manufacturing KUALA LUMPUR Khairy Jamaluddin who has declared his hope of becoming the prime minister one day said Malaysia s next big leap lies in a new industr...
Malaysia Sees Nine Covid 19 Deaths 3 781 New Cases On Fourth Day Of Ge15 Campaigning

Malaysia Sees Nine Covid 19 Deaths 3 781 New Cases On Fourth Day Of Ge15 Campaigning

papar berkaitan - pada 9/11/2022 - jumlah : 51 hits
The majority of active Covid 19 cases at 95 1 per cent are in Categories 1 and 2 which require patients to self quarantine at home Malay Mail photo KUALA LUMPUR The Health Ministry recorded nine Covid 19 related deaths and 3 781 new cases i...
A New Beginning For Malaysia As Anwar Becomes Pm

A New Beginning For Malaysia As Anwar Becomes Pm

papar berkaitan - pada 24/11/2022 - jumlah : 67 hits
Finally after over two decades of persevering in the wilderness including long spells in prison Anwar Ibrahim today becomes the new Prime Minister of Malaysia The challenges are many but for now we can begin a new journey of hope in a land ...
A New Inclusive Narrative For Malaysia

A New Inclusive Narrative For Malaysia

papar berkaitan - pada 26/11/2022 - jumlah : 33 hits
Congratulations to Prime Minister Anwar Ibrahim and Pakatan Harapan If we had the luxury of time we could write long poetic essays about this historical achievement and the immense relief and hopeful excitement that so many of us are feelin...
Nine Ideas To Build New Multiracial Malaysia

Nine Ideas To Build New Multiracial Malaysia

papar berkaitan - pada 27/11/2022 - jumlah : 57 hits
What is the role of us urban middle class supporters of Pakatan Harapan First of all let s all not be too demanding this time Let s remember why the first Harapan government fell Back in 2018 many expected an instant paradise To become Sing...
Pahang Imbroglio Ends Wan Rosdy To Head Bn Harapan State Govt

Pahang Imbroglio Ends Wan Rosdy To Head Bn Harapan State Govt

papar berkaitan - pada 28/11/2022 - jumlah : 41 hits
The prolonged wait in forming the Pahang state government after the 15th general election has come to an end with BN and Pakatan Harapan officially joining forces After a royal audience with Pahang regent Tengku Hassanal Ibrahim Sultan Abdu...
Ph Bn And Gps To Form New Govt Monday Holiday

Ph Bn And Gps To Form New Govt Monday Holiday

papar berkaitan - pada 25/11/2022 - jumlah : 58 hits
The new government Kerajaan Perpaduan Malaysia will comprise Pakatan Harapan Barisan Nasional and Gabungan Parti Sarawak said Prime Minister Datuk Seri Anwar Ibrahim NSTP ASWADI ALIASKAJANG The new government Kerajaan Perpaduan Malaysia wil...
Gps To Rely On Wisdom Of Agong To Appoint Pm Proposes Formation Of Federal Govt With Pn Bn Grs

Gps To Rely On Wisdom Of Agong To Appoint Pm Proposes Formation Of Federal Govt With Pn Bn Grs

papar berkaitan - pada 22/11/2022 - jumlah : 46 hits
GPS said in view of the political turmoil in Peninsular Malaysia the mandate of the people must be respected KUCHING Gabungan Parti Sarawak will rely on the wisdom of Yang di Pertuan Agong Al Sultan Abdullah Ri 8217 ayatuddin Al Mustafa
Hiburan Ratu Buat Kecoh Lagi Terpekik Naik Kuda Sampai Pengunjung Resort Keluar Bilik Tengok Dah Tau Takut Kenapa Naik

Functional Design Moto Borgotaro S Ducati 900 Gts

Anwar S Cabinet Zzz

Satu Malaysia Kena Scam Dengan Anwar Ibrahim

Samsung Wins 46 Ces 2023 Innovation Awards From The Consumer Technology Association

Safawi Rasid Diumumkan Keluar Daripada Johor Darul Takzim

Kenali Issei Sagawa Kanibal Jepun Yang Tidak Pernah Dipenjarakan

Menarik Dap Tak Puas Hati Komposisi Menteri Umno Lebih Ramai Tapi Menang Sikit

5 Pemain Piala Dunia 2022 Dengan Identiti Yang Mengelirukan

Dai Syed Kahwin Ini Biodata Isterinya Pengacara Hana Ismail

Fahami Pandangan Mazhab Islam Yang Mengharamkan Makanan Laut

Apa Sebenarnya Kuasa Timbalan Perdana Menteri Malaysia

Bagaimana Adidas Memasukkan Mikrocip Ke Dalam Sebiji Bola

10 Panduan Paling Laris Sepanjang November 2022

Umno Man Calls For Rci On Rm600bil Spent By Muhyiddin S Govt

Naratif Baru Serangan Pn Anwar Pm Tak Berfungsi

Jemaah Menteri Anwar Tak Tahan Lama Pn Akan Kembali Memerintah Shahidan

Kompilasi Lawak Sepahtu Terbaru Reaction 107

Lantik Zahid Reformasi Terbesar Dilakukan Anwar Sindir Pemuda