KUALA LUMPUR, April 27 — Bursa Malaysia closed broadly lower on selling in heavyweights led by Petronas Chemicals and Press Metal Aluminium, amid a mixed regional market performance due to uncertainties and heightened market volatility, dealers said.
Market breadth was broadly negative with losers surpassing gainers 645 to 300, while 425 counters were unchanged, 921 untraded, and 43 others suspended. Shanghai’s SSE Composite meanwhile rebounded strongly to close higher as investors took the opportunity to bargain hunt for cheaper stocks following the recent selldown.
Thong said, additionally, the index is seemingly quite well supported at the 1,580 level, hence, expects the accumulation of stocks to persist on dips. Of the actives, Cheetah rose three sen to 20.5 sen, Vizione added one sen to 10.5 sen and its warrants gained half-a-sen to two sen, while both Techna-X and Dagang NeXchange were flat at 11 sen and RM1.02, respectively.
The Main Market volume rose to 1.63 billion shares worth RM1.73 billion compared with 1.46 billion shares worth RM1.76 billion yesterday.