The Star Online Highlights

KL shares finish lower in cautious trading

KUALA LUMPUR: Bursa Malaysia ended lower in cautious and jittery trading today in tandem with most regional peers amid the uncertainty surrounding the impending increase in US interest rates and over the Paris attacks.

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 2.91 points or 0.17% to 1,656.00.

Dealers said the market was still jittery ahead of the US Federal Reserve meeting, slated next month, which may decide on raising interest rates while the deadly Paris terror attacks added to caution and curbed investors' risk appetite.

"Many remained on the sidelines in the aftermath of the attacks," a dealer said.

Airline stocks reportedly lost ground in some markets as the Paris attacks dampened confidence in travel and tourism stocks.

"Bursa held well while most Asian stock markets sank in a sea of red today," he added.

Top heavyweights, Maybank and Tenaga were flat at RM8.30 and RM13.04, respectively, Public Bank declined six sen to RM17.96, IHH Healthcare eased one sen to RM6.56 and Axiata declined two sen to RM6.08.

Of actives, Instacom gained two sen to 22.5 sen, Hibiscus lost 2.5 sen to 26.5 sen, Ecofirst declined 5.5 sen to 28 sen while RGB was flat at 19 sen.

On the broader market, losers outpaced gainers 597 to 347 with 308 counters unchanged, 565 untraded and 19 others were suspended.

Volume shrank to 1.91 billion shares, worth RM1.69 billion, from 2.21 billion shares, worth RM2.14 billion, traded on Friday.

On the scoreboard, the FBM Emas Index fell 30.35 points to 11,536.67, the FBMT100 Index declined 25.13 points to 11,213.19 and the FBM Emas Syariah Index shed 35.85 points to 12,427.82.

The FBM 70 fell 48.53 points to 12,802.58 while the FBM Ace bucked the trend with a 35.80 points gain to 6,431.78.

Sector-wise, the Industrial Index slipped 5.46 points to 3,270.63, the Finance Index shaved off 34.94 points to 14,058.26 while the Plantation Index trimmed 30.00 points to 7,482.82.

Main Market volume declined to 1.13 billion units, valued at RM1.53 billion from 1.39 billion units, worth RM1.97 billion, transacted on Friday.

Turnover on the ACE Market improved to 493.46 million shares, worth RM119.05 million, from Friday's 485.93 million shares worth RM117.52 million.

Warrants eased to 291.84 million units, valued at RM40.95 million, against 333.85 million units, worth RM48.81 million, trade previously.

Consumer products accounted for 86.27 billion shares traded on the Main Market, industrial products (311.89 million), construction (59.86 million), trade and services (393.15 million), technology (79.55 million), infrastructure(8.16 million), SPAC (6.67 million), finance (40.21 million), hotels (1.12 million), properties (128.97 million), plantations (10.51 million), mining (16,200), REITs (4.69 million) and closed/fund (8,600).

The physical price of gold as at 5pm stood at RM148.93 per gramme, up RM1.65 from RM147.28 at 5pm last Friday. — Bernama

Source: http://www.thesundaily.my/news/1612645

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