Bursa Malaysia snaps 3-day winning streak

of 6.28 points, nevertheless, top weighted Maybank and IHH Healthcare (IHH) supported the market bellwether.

Hong Leong Financial lost 90 sen to RM17, Hong Leong Bank declined 42 sen to RM16.66, Genting Bhd erased 26 sen to RM8.99 and BAT dropped RM2.08 to RM38.12.

Maybank rose five sen to RM9.54, IHH bagged ten sen to RM5.81, while MISC and RHB Bank gained 12 sen each to RM7.24 and RM5.12, respectively.

Among the actively- traded stocks, PUC added two sen to 28.5 sen, Tiger and Borneo were flat at 4.5 sen and nine sen, respectively, UMW Oil and Gas erased halfasen to 29 sen, while Sapura Energy lost two sen to 78.5 sen.

A local dealer said market was taking the cue from the US Dow Jones Industrial Average that underwent a correction after a four-day rally.

“Traders stayed on the sidelines amid mild profit-taking in the heavyweight stocks. A dwindled volume might show a sign of window dressing for December is almost over as most fund managers could probably be going for their year- end holidays.

“It could marks the beginning of a consolidation where market could be range traded and quieter till year-end,” he added.

The DJIA index fell 76.77 points, or 0.31 per cent, to 24,508.66 overnight.

On the scoreboard, the FBM Emas Index lost 11.61 points to 12,588.84 and the FBMT 100 Index declined 10.12 points to 12,256.85.

The FBM Emas Shariah Index advanced 23.00 points to 12,890.73.

The FBM 70 rose 97.71 points to 15,460.71, while the FBM Ace declined 48.66 points to 6,428.42.

On a sectoral basis, the Industrial Index fell 6.76 points to 3,180.16, the Finance Index dipped 70.29 points to 16,586.51 and the Plantation Index declined 43.41 points to 7,810.11.

Main Market volume swelled to 1.69 billion units, worth RM3.38 billion, from 1.52 billion units, worth RM3.11 billion, on Thursday.

Volume on the ACE Market reduced to 452.25 million shares, valued at RM95.52 million, from 587.83 million shares, valued at RM109.36 million, registered Thursday.

Warrants volume declined to 179.11 million units, worth RM27.10 million, from 301.70 million units, worth RM32.85 million, on Thursday.

Consumer products accounted for 45.96 million shares traded on the Main Market, industrial products ( 232.56 million), construction ( 59.51 million), trade and services ( 712.09 million), technology ( 145.80 million), infrastructure (17.69 million), SPAC (1.17 million), finance (79.22 million), hotels ( 673,100), properties ( 335.53 million), plantations ( 57.80 million), mining (37,800), REITs (7.81 million), and closed/fund (4,000).

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