Selangor Journal

Bursa Malaysia ends at intraday low, CI down 1.13 pct

KUALA LUMPUR, March 10 — Bursa Malaysia ended at its intraday low today in tandem with the heavy selldown in most regional and global bourses.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) slipped by 16.45 points or 1.13 per cent to 1,433.08 from yesterday’s closing of 1,449.53.

The key index opened 3.73 points lower at 1,445.80, which was its intraday high, and continued to slide throughout the trading session.

Market breadth was negative with losers outpacing gainers 694 to 239 while 368 counters were unchanged, 944 untraded and 33 others suspended.

Turnover amounted to 2.73 billion units worth RM2.11 billion.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the key regional indices ended sharply lower, tracking similar declines on Wall Street amid persistent worries about the risk of global recession.

“US banking shares plunged after crypto banking giant Silvergate plans to shut down in the face of cryptocurrency market turmoil,” he told Bernama.

Region-wise, Hong Kong’s Hang Seng Index fell 3.04 per cent to 19,319.92, Singapore’s Straits Times Index shaved off 1.15 per cent to 3,177.43, while Japan’s Nikkei 225 slid 1.67 per cent to 28,143.97 and South Korea’s Kospi dropped 1.01 per cent to 2,394.59.

Back home, Bursa Malaysia heavyweights Public Bank and Celcomdigi fell six sen each to RM4.07 and RM4.17 respectively, IOI Corp slipped nine sen to RM3.80, CIMB decreased seven sen to RM5.43, while Petronas Chemicals was flat at RM7.

Among the actives, newly listed Cape EMS rose 60 sen to RM1.50, Hong Seng Consolidated was half-a-sen firmer at 15 sen, Astro added two sen to 69 sen, while Velesto eased two sen to 21.5 sen and Vinvest Capital shed half-a-sen to 22 sen respectively.

On the index board, the FBM Emas Index decreased by 122.50 points to 10,450.01, the FBM 70 Index fell 160.78 points to 13,292.89, the FBMT 100 Index shrank 117.76 points to 10,131.49, the FBM Emas Shariah Index lost 137.21 points to 10,672.97, and the FBM ACE Index dipped 118.81 points to 5,327.79.

Sector-wise, the Financial Services Index declined 149.02 points to 15,964.98, the Energy Index shed 25.84 points to 857.25, the Plantation Index slid 67.16 points to 6,762.77, and the Industrial Products and Services Index eased 2.90 points to 172.93.

The Main Market volume rose to 1.82 billion shares worth RM1.83 billion from Thursday’s 1.74 billion shares worth RM1.64 billion.

Warrants turnover increased to 388.77 million units worth RM67.50 million from 247.91 million units worth RM39.35 million previously.

The ACE Market volume dwindled to 514.62 million shares worth RM217.93 million from 668.78 million shares worth RM261.42 million yesterday.

Consumer products and services counters accounted for 236.09 million shares traded on the Main Market, industrial products and services (643.36 million); construction (37.24 million); technology (234.36 million); SPAC (nil), financial services (62.19 million); property (104.95 million); plantation (32.26 million); REITs (7.19 million), closed/fund (nil); energy (198.31 million); healthcare (107.20 million); telecommunications and media (81.05 million); transportation and logistics (29.75 million); and utilities (52.85 million).

— Bernama

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