Cautious market sentiment holds Bursa Malaysia back after Trump victory

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Bursa Malaysia Notícia

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KUALA LUMPUR, Nov 8 — Bursa Malaysia closed marginally lower on the final trading day of the week, weighed by profit-taking amid cautious sentiment after Donald Trump’s US...

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At 5 pm, the FTSE Bursa Malaysia KLCI dropped 2.04 points, or 0.13 per cent, to close at 1,621.24 compared to Thursday’s close of 1,623.28. Turnover fell to 2.69 billion units valued at RM1.86 billion versus 3.77 billion units valued at RM3.41 billion on Thursday. Mohd Sedek said that while optimism in US markets was buoyed by the prospect of corporate tax cuts, the outlook on the local front remains “measured.” “Within the FBM KLCI, sectors linked to plantations and data centre-related industries, such as telecommunications, utilities, and metals, have shown resilience, indicating selective defensive plays in an otherwise cautious environment,” he added.

Among the actives, Microlink Solutions added 1.0 sen to 15 sen while 3Ren eased 1.0 sen to 45 sen and DXN Holdings fell 2.5 sen to 49 sen. Genetec Technology slid 6.5 sen to 86 sen while Talam Transform was flat at 2.5 sen. Sector-wise, the Financial Services Index dropped 49.97 points to 19,257.02 and the Industrial Products and Services Index edged down 0.68 of a point to 172.61. The Energy Index gained 6.10 points to 834.08 and the Plantation Index added 51.65 points to 7,631.58.

 

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