Health & Tech Stocks Drive Bursa Malaysia Down at Noon | Money
KUALA LUMPUR, December 6 – Bursa Malaysia fell at noon, driven mainly by the sale of meters related to health and tech.
At 12:30 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) lost 11.22 points to 1,490.52 from 1,501.74 at the close last Thursday.
(The market was closed on Friday of last week due to a public holiday.)
The market barometer opened 1.92 points higher at 1,503.66 and moved within a narrow range between 1,489.88 and 1,503.76 during the morning session.
In the larger market, the losers beat the winners 682-235, while 354 counters were left unchanged, 1,005 not traded and another 20 suspended.
The turnover was 1.95 billion units worth RM 1.29 billion.
An analyst said concerns about the Omicron variant continued to fuel market volatility, causing massive sell-offs on Wall Street and most regional exchanges.
He said the accommodating monetary policy of the US Federal Reserve could cause investors to be selective.
The delisting of Chinese rideshare giant Didi from the New York Stock Exchange weighed on sentiment in the tech sector, offsetting the strength in energy stocks as the oil market improved.
Brent crude is currently trading above US $ 71 per barrel.
At home, Top Glove led the downtrend among the heavyweights, losing 23 sen to RM2.58, followed by Hartalega who lost 30 sen to RM5.88.
Petronas Gas lost 24 sen to RM16.34 while Petronas Chemicals slipped 10 sen to RM 8.39.
IHH increased by four sen at RM 6.62 while Maybank and CIMB increased by seven s each at RM 8.03 and RM 5.23, respectively.
Among assets, EA Holdings and XOX remained stable at two sen and three sen, respectively, Impiana Hotels gained half a sen to nine sen, ATA IMS reduced two sen to 42.5 sen, and VS Industry increased by 10 sen at RM 1.25. .
On the index chart, the FBM Emas index fell 84.73 points to 10,854.18, the FBMT 100 index fell 81.51 points to 10,564.24 and the FBM Emas Shariah index was 142.98 points lower at 11,771.92.
FBM 70 erased 116.18 points to 14,013.85 and FBM ACE fell 172.19 points to 6,241.39.
On the sectoral level, the index of industrial products and services lost 1.38 points to 191.59, the financial services index increased by 16.13 points to 14,992.24 and the plantation index fell. from 30.65 points to 6,444.76. – Bernama