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Bursa Malaysia weaker at mid-day | Malay Mail

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KUALA LUMPUR, May 4 — Bursa Malaysia ended the morning session weaker by 2.13 per cent as overall trading was on consolidation mode due to the rising United States (US)-China trade war over Covid-19 as well as weaker manufacturing Purchasing Managers’ Index. At 12.30pm, key index FTSE Bursa...

Market breadth was negative as losers thumped gainers 581 to 217, while 317 counters were unchanged, 754 untraded and 17 others suspended. — Picture by Razak Ghazali

At 12.30pm, key index FTSE Bursa Malaysia KLCI fell 29.92 points to 1,377.86 against Friday’s close of 1,407.78, after opening 18.95 points easier at 1,388.83.Market breadth was negative as losers thumped gainers 581 to 217, while 317 counters were unchanged, 754 untraded and 17 others suspended.

“On the upside, gains are likely to be capped towards the 1,430 level, should the 1,400 psychological level continue to hold,” it said in a note today. As for the actives, Ucrest jumped seven sen to 16.5 sen, Key Asic gained three sen to 8.5 sen, Nova MSC went up 2.5 sen to 7.5 sen, Hibiscus Petroleum inched up half-a-sen to 49.5 sen, Netx and Lambo were flat at 1.0 sen and 1.5 sen, respectively, while Key Alliance edged down half-a-sen to 9.0 sen.

 

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