Nevertheless, the valuations of FBM KLCI remain attractive for investors, says analyst.
KUALA LUMPUR: Bursa Malaysia closed broadly lower today, in tandem with the weaker performance in regional bourses as cautious sentiment following geopolitical tensions in the Middle East weighed on investors’ risk appetite.
“As for the local stock market, sentiment may be cautious, given the increasing market risks and volatility in the global markets. Consequently, the FBM KLCI is expected to trade within the 1,430 and 1,450 range for the week, with immediate support at 1,430 and resistance at 1,460, he added.The key index, which opened 1.22 points better at 1,445.36, moved between 1,436.5 and 1,446.12 throughout the day.
Among the heavyweights, CIMB shed 5 sen to RM5.61, Tenaga lost 7 sen to RM9.95, IHH Healthcare slipped 1 sen to RM5.95, while both Maybank and Public Bank were flat at RM8.98 and RM4.17 respectively. Sector-wise, the industrial products services index added 0.9 of-a-point to 175.34, the energy index was 5.1 points higher at 882.46, while the plantation index lost 36.57 points to 6,826.16, and the financial services index slipped 36.25 points to 16,227.93.
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Bursa Malaysia opens higher on improved risk appetiteKUALA LUMPUR: Bursa Malaysia opened on a positive note on Monday on improving risk appetite, following rising oil prices as well as stable market sent...
Leggi di più »
Budget 2024 to have neutral impact on Bursa, says analystSome buying support expected to persist in the construction sector, says Thong Pak Leng.
Leggi di più »
Foreign funds return to Bursa with RM10.2mil inflowTop three sectors with net foreign inflows were utilities, technology, and industrial products and services.
Leggi di più »
Maybank IB: Budget 2024 pro-growth to supply sectors and boosts equity marketKUALA LUMPUR, Oct 15 — Maybank Investment Bank Bhd (Maybank IB) reckons Budget 2024 is pro-growth to all sectors in the supply-side economy and set to positively benefit Bursa...
Leggi di più »
Straits Energy launches plan to transform Labuan Port into Smart PortLABUAN: Straits Energy Resources Berhad (Straits), a company listed on Bursa Malaysia, announced that Straits CommNet Solutions Sdn Bhd (SCS), an indi...
Leggi di più »
Ringgit opens lower as investors turns to US dollarKUALA LUMPUR: The ringgit opened lower against the US dollar, extending its downtrend from last Friday as investors turned to the safe haven greenback...
Leggi di più »