Bursa Malaysia Ends Morning Session Weaker
KUALA LUMPUR, July 3 (Bernama) -- Bursa Malaysia ended the morning session on a weaker note, driven by continued profit-taking in utilities and financial services counters.
At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 2.90 points to 1,547.31 from Wednesday’s close of 1,550.21.
The benchmark index had opened 4.07 points lower at 1,546.14.
However, the broader market was positive with 514 gainers leading 371 decliners, while 404 counters were unchanged, 1,099 untraded and 11 suspended.
Turnover stood at 2.37 billion units worth RM1.36 billion.
Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the local benchmark index is expected to hover in the 1,545-1,555 range today, as Wall Street closed overnight on a mixed note with traders awaiting June’s big job report.
“Nonetheless, funds rotated back to tech stocks as Nasdaq ended on a record high. Meanwhile, the US 10-year yield inched higher at 4.283 per cent,” he told Bernama.
Among the heavyweights, Maybank was flat at RM9.76, Tenaga Nasional lost 62 sen to RM13.98 and Public Bank slipped 2.0 sen to RM4.30. CIMB rose 2.0 sen to RM6.80 and IHH Healthcare improved 3.0 sen to RM6.86.
As for the most active stocks, Zetrix AI added 1.0 sen to 97.5 sen, NEXG and DNeX earned half-a-sen each to 38.5 sen and 29.5 sen, respectively, while Inari Amerton increased 4.0 sen to RM2.04.
On the index board, the FBM Emas Index climbed 4.81 points to 11,586.90, the FBMT 100 Index garnered 1.21 points to 11,361.98, and the FBM Emas Shariah Index decreased 6.36 points to 11,593.47.
The FBM 70 Index surged 100.45 points to 16,711.69, while the FBM ACE Index went up 30.68 points to 4,509.77.
By sector, the Financial Services Index advanced 12.67 points to 17,721.43, the Industrial Products and Services Index edged up 1.41 points to 155.88 and the Energy Index fell 2.34 points to 744.83, while the Plantation Index trimmed 2.13 points to 7,393.83.
-- BERNAMA