Qualampur: Barsa Malaysia opened weak on Friday, tracking Wall Street’s decline, as evaluation concerns brought strong economic data to a two -year high despite the United States (US).
At 9.05 am, FTSE Barsa Malaysia KLCI (FBM KLCI) reached 2.28 points from 1,598.47 from 1,598.47 to 1,596.19 points.
The benchmark index was slightly less open at 1,597.01.
The width of the market was negative, the loser surpassed the benefits from 198 to 108. Meanwhile, 272 counters were unchanged, 2,650 uncontrolled, and 48 were suspended. The turnover 137.29 million units were priced at RM56.30 million.
According to the final amendment of the GDP data for April to June, the US economy increased by 3.8 percent in the second quarter.
In a research note, Malacca Securities SDN BHD stated that bargain-shikar activity is expected in selected areas such as utilities, supported by the ongoing national energy transition roadmap and power grid upgrade of Tenga Nasil, while the technology sector has been on a recovery of a recovery after a long consolidation.
“We favor the Itmax system BHD, as its recent contract win strengthened its recurring income base, offering strong income visibility over the next 15–20 years.
“In addition, he has seen the group BHD through follow -up shopping after the flag breakout, and inspect a high trading range in the near period,” it said.
Between Heavyweight, PPB Group shed 32 Sen RM 10, CIMB Group dropped four Sen in RM 7.20, Gamuda slides five Sen to RM 5.62, while Mambanma and IHH Healthcare added to RM 9.80 and RM 7.38 respectively, and Tanaga Nasian in Tanaga Nasians. couple.
In active trade, both Nexg Bina and Nexg reduced half Sen from 9.5 Sen and 51 Sen, while Pegasus Heights and ICT Zone Asia were unchanged in half Sen and 21 Sen respectively.
Among the top losers, Nestle, four Sen for RM 96.20, Kuala Lumpong 18 Sen fell to RM20.08, Batu Kavan dropped 16 Sen over RM18.76, Ireka Corp Slipped from 11.5 Sen to half Sen, and UMS Holdings reduced 11 Sen to 11.8.
The top beneficiaries were UMS integration, from 27 Sen to RM 4.98, the LPI capital was more than RM 14.24 to RM 14.24, Petronas Gas brought 12 Sen to RM 18.56, Petronas Danes offered RM 22.20 to eight Sen and IGB from eight Sen to RM -30.
In the broad market, the FBM Emas Index fell 18.42 points to 11,922.00, FBM 100 index lost 18.85 points, 11,649.48, FBM EMAS Shariah Index dropped 19.54 points to 11,998.02, FBM 70 IndEX 36.71 points dropped. 5,149.18.
According to the sector, industrial products and service index declined by 0.33, which increased from 0.33 to 171.75, the Financial Services Index dropped 14.85 points to 18,016.35, the tree plantation index reached 8.78 points to 7,749.03, while the energy index increased to 1.79 points 781.70. – Bernma
