Bursa Market Updates For Malaysia Stock Picks

KUALA LUMPUR (April 12): Bursa Malaysia opened easier this morning on cautious market sentiment, with selling mostly seen among the heavyweights, led by Axiata and Digi.At 9.10 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) erased 4.01 points to 1,608.24 from Friday’s close of 1,612.25.The index opened 1.71 points weaker at 1,613.96.

On the broader market, gainers led losers 261 to 233, while 1,051 counters were unchanged, 612 untraded and nine others suspended.Total volume stood at 953.78 million shares worth RM458.18 million.

“Given the new wave of COVID-19 cases in certain countries, we reckon investors may refocus on the healthcare stocks,” it said in a note.Meanwhile, the research house says the FBM KLCI may trend higher for the week, with resistance level pegged at between 1,615 and 1,635, while the support level is set at between 1,565 and 1,575. Of the heavyweights, Maybank rose two sen to RM8.31, Public Bank added one sen to RM4.21, while Petronas Chemicals was flat at RM7.83.Tenaga and IHH Healthcare lost two sen each to RM10.22 and RM5.28, respectively. Among the active counters, Lion Industries was unchanged at 88 sen, Daya Material and Luster Industries perked one sen each to 25 sen and 26.5 sen, respectively, while Ucrest gained 1.5 sen.

On the index board, the FBM Emas Index went down 19.36 points to 11,879.56, the FBMT 100 decreased 18.31 points to 11,528.25, the FBM Emas Shariah contracted 24.8 points to 13,256.36 and the FBM ACE fell 38.48 points to 9,957.06.

However, the FBM 70 edged up 14.86 points to 15,801.83.Sector-wise, the Industrial Products and Services Index added 0.39 of-a-point to 193.95, the Plantation Index bagged 5.51 points to 6,989.14, while the Financial Services Index fell 15.97 points to 15,197.86.

KUALA LUMPUR (April 12): Bursa Malaysia ended the morning trading session lower, weighed down by selling of heavyweight stocks, led by the telecommunications sector.

At the lunch break, the FBM KLCI was 5.73 points easier at 1,606.52 from last Frida Axiata Group Bhd and Digi.Com Bhd topped the list of losers among the 30 constituent counters after falling by 17 sen and 12 sen to RM3.94 and RM4.34 respectively.

Both counters dragged the composite index down by a combined 4.76 points.

On the broader market, losers outnumbered gainers 561 versus 411, while 654 counters were unchanged, 531 untraded and nine others suspended.

Total volume stood at 3.43 billion shares worth RM1.89 billion.

Regionally, Singapore’s Straits Times Index eased 0.41% to 3,171.59, Hong Kong’s Hang Seng Index was down by 0.98% at 28,417.24, and Japan’s Nikkei declined 0.51% to 29,616.23.

Back home, among the heavyweights, Malayan Banking Bhd (Maybank) and Petronas Chemicals Group Bhd (PetChem) rose two sen each to RM8.31 and RM7.85 respectively, while Public Bank Bhd and IHH Healthcare Bhd added one sen each to RM4.21 and RM5.31.

Tenaga Nasional Bhd (TNB), however, trimmed two sen to RM10.22. 

On the index board, the FBM Emas Index went down 21.65 points to 11,877.27, the FBMT 100 decreased 23.75 points to 11,522.81, the FBM Emas Shariah declined 28.98 points to 13,252.19 and the FBM ACE fell 176.26 points to 9,819.28.

Conversely, the FBM 70 gained 33.97 points to 15,820.94.

Sector-wise, the Industrial Products and Services Index rose 1.08 points to 194.64, the Plantation Index shed 19.65 points to 6,963.98 and the Financial Services Index contracted 16.66 points to 15,197.17.

y’s close at 1,612.25.

The index — which opened 1.71 points higher at 1,613.96 — moved between 1,603.41 and 1,613.96 throughout the session.

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