Bursa Malaysia extends downtrend in mid-afternoon

KUALA LUMPUR, Nov 23 — Bursa Malaysia extended its downtrend in mid-afternoon currently as the political uncertainty in the region ongoing.

At 3.05pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.65 points to 1,439.64 from 1,441.29 yesterday.

The industry bellwether opened 9.39 details weaker at 1,431.9.

On the broader market place, decliners led advancers 402 to 331, while 357 counters ended up unchanged, 1,211 untraded, and 84 other folks suspended.

Turnover stood at 1.79 billion units valued at RM892.6 million.

A Unique Assembly of the Malay Rulers will be held tomorrow for the Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah to seek out the sights of the Malay rulers concerning the formation of a new federal government.

The distinctive conference, to be held at Istana Negara, is named pursuing the separate audiences granted to all Barisan Nasional and Gabungan Parti Sarawak associates this morning.

Among the the heavyweight stocks, Maybank received two sen to RM8.56, Petronas Substances rose five sen to RM8.75, and equally CIMB and IHH Health care extra just one sen each individual to RM5.52 and RM5.93, respectively. Community Financial institution was flat at RM4.29 and Tenaga eased 3 sen to RM8.41.

As for the actives, Progress Synergy and Malayan United were being each flat at 18 sen and 10 sen, respectively, though Eded inched up half-a-sen to 18 sen. ACE Current market debutant Eca Integrated soared 55.5 sen to 72.5 sen.

On the index board, the FBM Emas Index was 8.66 factors reduce at 10,238.5, the FBMT 100 Index declined 6.72 factors to 9,969.91 and the FBM Emas Shariah Index erased 13.39 details to 10,365.87. The FBM ACE dropped 24.94 details to 4,947.49.

The FBM 70, nonetheless, attained 10.89 points to 12,214.52.

Sector-wise, the Industrial Merchandise and Solutions Index included .01 position to 178.86 and the Power Index rose 10.89 factors to 740.17. The Fiscal Services Index slid 2.71 factors to 16,169.2 even though the Plantation Index fell 37.72 points to 6,804.5. — Bernama

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