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Bursa Malaysia ends lower on lack of market catalyst | Malay Mail

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KUALA LUMPUR, Jan 4 — Bursa Malaysia remained in a bearish mode at the close today due to the lack of market catalysts, a dealer said. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 7.15 points to end at 1,541.9 compared with yesterday’s closing of 1,549.05. The index, which...

KUALA LUMPUR, Jan 4 — Bursa Malaysia remained in a bearish mode at the close today due to the lack of market catalysts, a dealer said.

Rakuten Trade Sdn Bhd vice-president of Equity Research, Thong Pak Leng said some investors are currently looking for value buys, especially among small-cap counters. Turnover rose to 3.51 billion units worth RM1.93 billion from 2.74 billion units worth RM1.48 billion chalked up yesterday. Among the heavyweights, Maybank added three sen to RM8.36 and PChem gained two sen to RM8.78, while Public Bank erased two sen to RM4.13 and IHH was down by five sen to RM6.82.

Conversely, the FBM ACE jumped 27.04 points to 6,572.31 and the FBM 70 gained 77.72 points to 14,303.57.

 

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