Monday , April 12 2021

Bursa Malaysia expands the losses open lower

KUALA LUMPUR: Bursa Malaysia continued losses from Monday to open a lower level today when the sensitivity was lower for ringgit and crude palm oil (CPO) prices.

Today in the quotation, Maybank Investment Bank Bhd (Maybank IB) noted that the negative result in local trading was also due to overnight sales in the US market.

FTSE Bursa Malaysia KLCI (FBM KLCI) dropped 10.95 to 1.685.19 yesterday at close to 1.696.14 when opening started at 9.48 points more easily at 1.686.66 today.

The scale of the market was declining, as the losers had more winners 303-39, 118 unchanged, 1 422 bulk and 20 others.

The figure was 140.65 million, worth EUR 66.18 million.

Ringgit has been in siege, as the government revealed a wider public deficit in the 2019 budget, while CPO futures were traded yesterday for a three-year period.

Bursa in Malaysia with a technical front Maybank IB expects FBM KLCI to be between 1,660 and 1,700 today, while downhill support at 1,680 and 1,658 levels.

Among the heaviest weights, Maybank fell from seven pine trees to RM9.13, Public Bank fell 22 billion RM24.46, Tenaga was 14 cent lower than RM14.70, Petronas Chemicals dropped two-quarters RM5.55 and CIMB lost 5 billion RM.46.

Activating Securemetric from 27.5 to 52.5 when Sapura Energy reduced 1.5 to 36.5, Hibiscus was cut from three pine trees to RM1.09. Sino Hua-An dropped to 2.5 in 22.5 and Iris dropped to 15 inches.

Heineken exceeded the list of losses when he left 56 yards to RM19.20, after which KESM dropped to 40.34 for 10.34, Carlsberg dropped 36.88 to RM 19.08. MPI contracted to 16 RM12.24 and United Plantations had 12 worse at RM26.88.

The FBM Emas Index dropped 81.83 points to 11,677.20, the FBMT 100 index fell 78.28 to 11,519.47, and the FBM Emas Shariah index fell 85.99 to 11,834.80.

FBM 70 dropped 105.70 points to 13,600.03 and the FBM Ace index was 55.31 points more easy at 4,903.62.

According to the follow-up, Finance Index dropped 104.27 to 16,966.69, the Industrial Products and Services index dropped from 0.67 to 172.31 and the Plantation index fell 29.28 to 7 288.96.

Gold futures contracts at Bursa in Malaysia Derivatives were premature at the start of today when a stronger dollar fell in demand for precious metals, the dealers said.

At 9.32, November 2018, December 2018, January 2019, and February 2019 each RM163, RM163, RM163.10 and RM163.20 per gram were unchanged.

The number was zero, while the open rate was 27 contracts.

At 9.30, the physical gold price dropped to 12 cents and RM157.03 grams. – Bernama

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