Bursa Malaysia erases morning gains on profit taking | Malay Mail

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KUALA LUMPUR, Sept 29 — Bursa Malaysia erased earlier gains to end the morning session in the red on profit taking, especially in healthcare-linked stocks. Top Glove declined 36 sen to RM8.41, while Hartalega lost 42 sen to RM17. On the broader market, losers beat gainers 490 to 408, while 417...

Profit taking push Bursa Malaysia into the red at the end of morning trade. — Picture Ahmad Zamzahuri

“Furthermore, it is the end of third quarter, so many portfolio managers are taking the opportunity to buy quite resilient stocks, including finance and banking stocks,” he said. It moved between 1,500.52 and 1,517.33 throughout the morning trading session, after opening 1.09 points higher at 1,512.75.

Of the actives, XOX shed 2.5 sen to 15 sen, Ikhmas Jaya was down 1.5 sen to 16.5 sen, Kanger International added one sen to 21.5 sen, while Priceworth was flat at three sen.

 

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