KUALA LUMPUR (Dec 22): The FBM KLCI ended almost 1% lower today on continued profit taking, as sentiment remained jittery on concern over the resurgence of Covid-19 cases.
The benchmark index stayed in negative territory throughout the trading session. It closed 0.97% or 15.97 points down at 1,631.92 after hitting an intra-day low of 1,625.39.
TA Securities Holdings Bhd senior technical analyst Stephen Soo told theedgemarkets.com that worries over a new strain of Covid-19 in Europe affected market sentiment.
He added that the downtrend was also due to profit taking in recovery play on technology, banking and tourism-related stocks.
On the broader market, 1,046 counters finished lower versus 251 gainers, while 395 others were unchanged.
KUALA LUMPUR (Dec 18): The FBM KLCI slipped 1.31% or 21.86 points today, tracking declines in regional peers, while news of the conditional movement control order being extended weighed on domestic investing sentiment.
The benchmark index settled at 1,652.49, with 852 counters in the negative versus 370 that climbed, while 474 were unchanged.
Senior Minister Datuk Seri Ismail Sabri Yaakob announced today that the CMCO will be extended in Selangor, Kuala Lumpur and Sabah till Dec 31, as Covid-19 infections in these places remain elevated. This is the fourth extension of the CMCO that was first imposed on Oct 14 and originally scheduled to end on Oct 27.
The CMCO was also extended till Dec 31 in Seremban and Port Dickson in Negeri Sembilan, and in Johor Bharu, Batu Pahat and Kulai in Johor.
KUALA LUMPUR (Dec 16): The FBM KLCI settled up 12.21 points or 0.73% at 1,686.23 during Bursa Malaysia’s afternoon break today amid broad-based buying across the exchange as Asian shares tracked US equities Tuesday overnight rise.
Malaysia’s share price rise today could have been partly due to news yesterday that Parliament voted 111-108 to approve the country’s 2021 budget. Such sentiment augured well for domestic political certainty, which bodes well for local markets also.
Across Bursa at 12:30pm today, 6.72 billion securities were traded for RM2.74 billion as 26 of the 29 Bursa indices rose while three the energy, industrial products and services, and plantation gauges fell.