KUALA LUMPUR: Bursa Malaysia’s key index ended slightly lower on lack of buying interest today as investors shifted their focus towards small- and mid-cap stocks.
“On the domestic front, the benchmark index remained well supported above the 1,440 level, thanks to higher market participation. Meanwhile, SPI Asset Management managing partner Stephen Innes said the local market was quiet today as traders booked this week off to spend time with family during the school holidays, while China’s economic woes continue to cast a shadow over the market.The barometer index opened 0.74 of-a-point lower at 1,443.67 and moved in a tight range between 1,441.78 and 1,445.31 throughout the day.
Among the heavyweights, Petronas Chemicals added 10 sen to RM7.00, Maybank eased two sen to RM9.00, CIMB shed one sen to RM5.60, Tenaga Nasional slid seven sen RM9.90, while Public Bank was flat at RM4.08. Sector-wise, the financial services index inched up 0.8 of-a-point to 16,191.49, the industrial products and services index climbed 1.87 points to 170.9, and the energy index added 12.62 points to 836.77, while the plantation index shed 9.75 points to 6,949.08.
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