Bursa Malaysia pared down earlier losses to close marginally lower today but remained weak amid continuous selling activities in the broader market. — Picture by Azneal Ishak
The index opened 3.23 points lower at 1,617.67 and fluctuated between 1,609.83 and 1,620.55 throughout the day. “This is due unofficial ‘quick count’ results indicating that Indonesian President Joko Widodo is on course to win a second term. However, the official results will only be announced on May 22,” he said in a note today.
Of the heavyweights, Petronas Chemicals added one sen to RM8.93, Tenaga rose 10 sen to RM12.16 while Maybank, CIMB and Axiata were all flat at RM9, RM5.05 and RM4.08, respectively. Meanwhile, trading in Seacera Group Bhd’s securities was halted with effect from 3.30 pm today until 9am tomorrow. Sector-wise, the Financial Services Index trimmed 2.96 points to 16,684.36, the Plantation Index shed 7.26 points to 7,218.68, while the Industrial Products and Services Index added 0.05 of-a-point to 167.81.
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