Mar­ket ex­tends losses to close lower

The Sun (Malaysia) - - SPEAK UP -

BURSA Malaysia ex­tended Mon­day’s losses to fin­ish lower yes­ter­day as in­vestors stayed on the side­lines to await fresh leads amid the re­port­ing sea­son month.

Hong Leong In­vest­ment Bank re­search an­a­lyst Loui Low Ley Yee, said the in­vestors were also cau­tious ahead of the an­nounce­ment of Malaysia’s third-quar­ter gross do­mes­tic prod­uct on Fri­day.

At 5pm, the FBM KLCI fell 3.88 points, or 0.22%, to close at 1,733.61.

Mar­ket breadth was neg­a­tive with losers out­pac­ing gain­ers by 588 to 300, with 407 coun­ters un­changed, 545 un­traded and 20 oth­ers sus­pended.

Aside from the wait-and-see at­ti­tude adopted by the in­vestors, Low said, the barom­e­ter in­dex was also dragged down by the oil and gas-re­lated coun­ters due to the fall in crude oil prices.

For other heavy­weights, Gent­ing Bhd gave up 27 sen to RM9.08, Gent­ing Malaysia de­clined 11 sen to RM4.94 and IOI Corp was six sen lower at RM4.36.

Among ac­tive coun­ters, Su­matec added one sen to six sen while its war­rant was flat at 2.5 sen. Ber­jaya Corp gained 2.5 sen to 39.5 sen, Trive Prop­erty eased half-a-sen to nine sen while DGSB was un­changed at nine sen.

Sec­tor-wise, the In­dus­trial In­dex gave up 16.15 points to 3,175.75 and the Plan­ta­tion In­dex was 45.84 points lower at 7,909.82.

Vol­ume on the ACE Mar­ket eased to 577.65 mil­lion shares val­ued at RM128.76 mil­lion from 843.76 mil­lion shares val­ued at RM177.36 mil­lion pre­vi­ously. – Ber­nama

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