KUALA LUMPUR, July 30 — The latest political brouhaha, which saw the withdrawal of Umno from Perikatan Nasional, along with the dissolution of the Sabah State Assembly to pave the way for a state election, sent Bursa Malaysia to close lower ahead of the Aidiladha celebration tomorrow. At...
Bursa Malaysia closes lower ahead of the Aidiladha celebration tomorrow. — Bernama pic
The key index opened 2.60 points higher at 1,614.02 and moved between 1,584.95 and 1,614.35 throughout the day. Malacca Securities Sdn Bhd head of research Loui Low said the key index had been heading south after the mid-day trading break, with the latest political development being one of the main factors that dragged the bellweather lower.
“So, I think it is due to some profit-taking activities, or some shifts in funds there,” he told Bernama, adding that profit-taking usually took place ahead of any long-weekend holiday. Among the actives, Lambo added one sen to five sen, XOX edged up half-a-sen to 26 sen, Pegasus improved one sen to three sen and its warrant gained half-a-sen to 1.5 sen, while Priceworth was unchanged at three sen.
Warrants turnover slipped to 849.17 million units valued at RM278.74 million from 1.08 billion units valued at RM455.26 million yesterday.
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