Bursa Malaysia Ends Morning Session In Negative Territory
KUALA LUMPUR, June 25 (Bernama) -- Bursa Malaysia remained in negative territory at midday today as investors took profit while staying cautious amid the lack of fresh market catalysts, analysts said.
At 12.30 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 0.41 per cent, or 7.03 points, to 1,675.10 from Wednesday’s close of 1,682.13.
The index opened 2.32 points higher at 1,684.45 and moved between 1,672.22 and 1,685.17 throughout the morning trading session.
Market breadth was negative with decliners surpassing gainers 513 to 399. A total of 461 counters were unchanged, 1,378 untraded, and 40 suspended.
Turnover amounted to 1.56 billion units valued at RM1.09 billion.
Hong Leong Investment Bank said in the near term, the FBM KLCI is likely to remain in range-bound consolidation as markets await stronger domestic catalysts to revive buying interest, while balancing easing West Asia tensions and lower oil prices against lingering concerns over conflict spillovers and a still hawkish US Federal Reserve (Fed) outlook.
Among heavyweights, Press Metal Aluminium (PMetal) lost 43 sen to RM7.86, Petronas Chemicals dropped 15 sen to RM3.95, IOI Properties slid 7.0 sen to RM4.03, IHH Healthcare fell 14 sen to RM8.59, and MISC shrank 12 sen to RM7.98.
As for the active counters, Zetrix AI added 1.0 sen to 76.5 sen, AirAsia X was 5.0 sen lower at RM1.25, Dagang NeXchange and Bina Puri were both flat at 44 sen and 29.5 sen respectively, and Mestron slid 1.0 sen to 7.5 sen.
On the gainers’ list, MPI garnered RM1.12 to RM48.00, F&N rose 48 sen to RM27.88, UMS Integration perked up 33 sen to RM8.50, Hong Leong Industries gained 22 sen to RM18.94, and Vitrox climbed 20 sen to RM7.55.
Of the top losers, BLD slid 50 sen to RM14.50, United Plantations shrank 38 sen to RM33.24, Nestle weakened 34 sen to RM95.32, and KLK slipped 28 sen to RM21.32.
On the broader market, the FBM Emas Index trimmed 37.76 points to 12,436.90, the FBM Top 100 Index decreased 36.07 points to 12,272.22, and the FBM Emas Shariah Index sank 51.73 points to 12,324.81.
The FBM Mid 70 Index increased 12.82 points to 17,900.08 and the FBM ACE Index rose 11.25 points to 4,778.28.
Sector-wise, the Financial Services Index declined 19.11 points to 19,737.22, the Energy Index shed 3.71 points to 746.49, the Plantation Index tumbled 86.77 points to 8,893.42, and the Industrial Products and Services Index eased 3.20 points to 181.46.
-- BERNAMA