KUALA LUMPUR: Share prices continued their downward momentum on Bursa Malaysia this morning with trading remaining lacklustre.
On the broader market, decliners outpaced gainers 200 to 112, while 200 counters remained unchanged, 1,384 untraded and 19 others suspended.In a research note today, Maybank Investment Bank said negative news flow had dampened investor appetite, although the Malaysian equities market could be ripe for bargain hunting in the near-term.
Of the heavyweights, Petronas Chemicals added one sen to RM8.93, TNB gained four sen to RM12.10, IHH Healthcare rose two sen to RM5.55, Maybank trimmed 16 sen to RM8.84, Public Bank fell four sen to RM22.56 and CIMB eased three sen to RM5.02. The FBM Emas Index depreciated 36.57 points to 11,435.01, the FBMT 100 Index went down 36.89 points to 11,267.52 and the FBM Ace Index fell by 16.61 points to 4,582.48.
I suppose we have the Finance and Economics Ministers to blame for that. For the past 10-months, we've been fed on a weekly basis with 'doom and gloom' economic and financial data. All because of politics and the blame game. Which investor wouldn't get the hell out of Malaysia?
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