KUALA LUMPUR, Jan 25 — Bursa Malaysia bucked the regional trend to end marginally lower after the long holiday weekend amid profit-taking in selected heavyweights, said a...
KUALA LUMPUR, Jan 25 — Bursa Malaysia bucked the regional trend to end marginally lower after the long holiday weekend amid profit-taking in selected heavyweights, said a dealer.
However, market breadth was positive with gainers outpacing losers 578 to 262, while 399 counters were unchanged, 957 untraded, and nine others suspended. Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng told Bernama that the volume traded on Bursa Malaysia was thin today due to a lack of buying interest as most investors are still on the Chinese New Year holidays.
"Back home, we expect a quiet trading week ahead as businesses and investors are still in festive season mode, hence we expect the FBM KLCI to move within the range of 1,490 to1,505," he added. As for the actives, ATA IMS advanced nine sen to 29.5 sen, Dataprep bagged 4.5 sen to 26.5 sen, Velesto inched up two sen to 22 sen, Cypark rose 15 sen to 84 sen, while Sapura Energy was flat at five sen.
Sector-wise, the Financial Services Index added 6.89 points to 16,542.02, the Industrial Products and Services Index edged up 1.49 points to 189.85, the Energy Index climbed 24.62 points to 870.43, while the Plantation Index dropped 62.46 points to 6,818.96.
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