Bursa ends mixed on cautious mood

Malaysia closed mixed last Friday, trended within a tight range as investors exercised caution amid the volatile sentiment across the region, said Rakuten Trade Sdn Bhd.

At 5pm, the FBM KLCI declined 2.47 points or 0.16% to 1,551.04 from Tuesday’s close of 1,553.51.

The benchmark index opened 0.58 of a point higher at 1,554.09, and moved between 1,548.27 and 1,556.64 throughout the day.

On the broader market, gainers beat decliners 580 to 515, with 470 counters unchanged, 778 untraded and 11 others suspended.

Turnover rose to 3.88 billion units worth RM3.0 billion compared with 3.46 billion units valued at RM2.06 billion on Tuesday.

Rakuten Trade equity research vice-president Thong Pak Leng said Malaysian equities closed mixed after some losses earlier, and buying interest was seen in the property and tech sectors.

“The benchmark index surged to a new 52-week high on Monday, closing at 1,555.98. Although there was a pullback after the rally, we interpret this correction as a healthy consolidation necessary to sustain the upward trend,” he told Bernama.

Among the heavyweights, Maybank edged up 2 sen to RM9.65, CIMB Group and Tenaga Nasional advanced 4 sen each to RM6.61 and RM11.70, while Public Bank slid 1 sen to RM4.18.

Among the actives, Harvest Miracle Capital increased by half sen to 12 sen, Dagang Nexchange increased by 4 sen to 41.5 sen, Bina Puri Holdings was flat at 8 sen, Velesto Energy decreased by half sen to 27.5 sen and KNM Group decreased by 1 sen to 6.5 sen.

On the index board, the FBM Emas Index decreased by 3.32 points to 11,697.82, the FBMT 100 Index declined by 8.54 points to 11,326.92, the FBM Emas Shariah Index fell by 2.21 points to 11,862.99.

The FBM ACE Index surged by 88.96 points to 5,100.12 and the FBM 70 Index rose by 26.77 points to 16,392.57.