KUALA LUMPUR, Aug 23 — Bursa Malaysia pared most of its earlier losses to close off its intraday low today, falling 0.3 per cent, after some buying activity emerged in oil and gas and telecommunication stocks during the final hour of trading, a trader said.
On the broader market, decliners beat gainers 467 to 407, while 416 counters were unchanged, 1,028 untraded, and seven others suspended. “As such, we expect the benchmark index to trend slightly higher within the 1,480 to 1,500 range for the remainder of the week, with immediate support at 1,460 and resistance at 1,500,” he told Bernama.
Among the heavyweights, Public Bank earned one sen to RM4.60, Maybank slipped four sen to RM8.83, Petronas Chemicals shed 14 sen to RM8.56, and IHH Healthcare was one sen lower at RM6.34. On the index board, the FBM ACE Index climbed 36.80 points to 4,891.80, FBMT 100 Index fell 25.87 points to 10,277.53, FBM Emas Shariah Index shed 19.05 points to 10,648.62, FBM 70 eased 1.97 points to 12,631.87, while the FBM Emas Index slid 23.39 points to 10,532.96.