Selling in heavyweights push Bursa Malaysia lower at close | Malay Mail

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KUALA LUMPUR, Sept 1 — Bursa Malaysia ended easier today, dragged by selling in most heavyweights led by finance stocks, even though losses were capped by buying in smaller caps. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) erased 3.78 points to 1,521.43 from Friday’s close of...

Bursa Malaysia ended easier today, dragged by selling in most heavyweights led by finance stocks, even though losses were capped by buying in smaller caps. — Picture Ahmad Zamzahuri

Market breadth was negative with losers beating gainers 612 to 542, while 391 counters were unchanged, 461 untraded and 23 others suspended. The Ace market index rallied today following record highs achieved by US-based Apple and Tesla which promoted positive sentiment among other US-based tech counters — Amazon, Facebook and Netflix.

Of the heavyweights, plantation stock Top Glove jumped 22 sen to RM26.50, Tenaga improved 12 sen to RM10.98, and telecommunication stock Maxis was six sen higher at RM5.06. Of the top losers, PetDag shed 30 sen to RM20.30, Supermax erased 28 sen to RM21.86 and Nestle was 20 sen weaker at RM139.00. Sector-wise, the Financial Services Index declined 130.789 points to 12,511.98, the Industrial Products and Services Index added 0.13 point to 136.63 and the Plantation Index gained 27.52 points to 7,084.80.

 

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