Cau­tious sen­ti­ment

The Sun (Malaysia) - - MEDIA & MARKETING -

BURSA Malaysia ended lower yes­ter­day, ex­tend­ing last week’s losses on bear­ish crude oil prices and cau­tious in­vestor sen­ti­ment ahead of the an­nounce­ment of Bud­get 2017 on Friday, a dealer said. The FBM KLCI fell 5.26 points to 1,653.71. Over­all, there were 322 gain­ers and 440 losers, while 408 coun­ters were un­changed, 488 un­traded and 18 sus­pended.

A dealer said the state­ment by Prime Min­is­ter Datuk Seri Na­jib Ab­dul Razak on mea­sures to strengthen and move for­ward the coun­try’s econ­omy to face the global slow­down did not lend much sup­port to the lo­cal bourse. “In­vestors re­mained on the side­lines to await fresh cat­a­lysts to drive in­ter­est ahead of Bud­get 2017.”

Among the heavy­weights, TNB and Public Bank each lost 2 sen to RM14.40 and RM19.70, May­bank and Petronas Chem­i­cals each dwin­dled 1 sen to RM7.60 and RM6.80 re­spec­tively, IHH Health­care de­clined 2 sen to RM6.40 and Sime Darby shed 11 sen to RM7.75. – Ber­nama

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