Market breadth turned negative as losers overpowered the gainers on a ratio of 493-to-351 stocks. Traded volumes stood at 2.32 billion shares worth RM1.71bil.
Dealers expect the market to be volatile until the elections while oversold counters would see buying interest especially index-linked stocks. In today’s session, 15 of the FBM KLCI-component stocks were traded higher while 12 counters declined while three counters remained unchanged.Sime Darby PlantationPETRONAS Dagangan rose 50 sen to RM22.48, Tenaga added 18 sen to RM8.48, Maxis gained seven sen to RM3.81 and Kuala Lumpur Kepong climbed six sen to RM21.62.fell 18 sen to RM12.60 and PGF Capital lost 16 sen to RM1.04.Among the key regional markets:Hong Kong’s Hang Seng Index fell 0.47% to 18,256.48;South Korea’s Kospi closed down 0.