Bursa Malaysia ends lower

Asian stocks were mostly lower, taking the cue from the weaker overnight Wall Street close which retreated from its record highs.

On the local front, Bursa Malaysia saw short- term technical rebound during the early session on the back of bargain hunting and amid the oversold signals, but succumbed to selling pressure in heavyweight stocks.

Regionally, Japan’s Nikkei 225 added 0.15 per cent to 21,739.78, Hong Kong’s Hang Seng fell 0.36 per cent to 28,202.38, South Korea’s Kospi eased 0.48 per cent to 2,480.63 and the Singapore Straits Times Index rose 0.25 per cent to 3,352.22.

Of the heavyweights, Public Bank added two sen to RM20.48, Petronas Chemicals declined f ive sen to RM7.40, whi le Maybank, TNB and Sime Darby were flat at RM9.24, RM14.34 and RM9.08 respectively.

Among active counters, PUC rose half- a- sen to 18 sen, Trive Property added 1.5 sen to 17.5 sen, NetX Holdings was up a sen to six sen, Inta Bina increased 3.5 sen to 38 sen and MNC Wireless fell half- a- sen to 9.5 sen.

The FBM Emas Index fell 21.03 points to 12,469.70, FBMT100 Index eased 1.85 points to 12,110.52, FBM Emas Shariah Index declined 19.36 points to 12,846.22 and the FBM 70 dropped 50.34 points to 15,152.99.

The FBM Ace rose 55.45 points to 6,893.61.

Sector-wise, the Plantation Index was 13.15 points better at 7,939.44, Industrial Index was 3.94 points lower at 3,193.43 while the Finance Index fell 18.96 points to 16,241.69.

The Main Market narrowed to 1.50 billion shares worth RM1.95 billion from 1.69 billion shares worth RM1.76 billion on Wednesday.

Volume on the ACE Market increased to 862.19 million units valued at RM157.50 million versus Wednesday’s 643.01 million units valued at RM112.22 million.

Warrants volume rose to 138.03 million shares worth RM13.40 million from 120.97 million shares worth RM11.45 million previously.

C o n s ume r pr o duc t s accounted for 174.10 million shares traded on the Main Market, industrial products ( 306.35 million), construction ( 99.89 mi l lion), trade and services ( 420.91 mil lion), technology ( 277.17 million), infrastructure ( 5.64 million), SPAC (17.56 million), finance (41.30 million), hotels ( 329,300), properties ( 111.01 million), plantations ( 29.31 million), mining ( 30,100), REITs (14.99 mi l lion), and closed/ fund ( 23,800).

For further information on stocks and prices, please visitwww. bursamalaysia. com.