Trending News: LPA unlikely to develop into cycloneRed Lions, Cardinals triumph in NCAA basketballEconomist sees PH economic growth settling at 6%-6.5% in Q3P2.5-M tourism projects up for Buglasan booth contestDOE intensifies bilateral deals as PH falls behind RE goalsBacolod City seen as PH’s pastry capitalMalcontento resigns as prosecutor-generalIndependent panel to probe drug war killings soughtLeyte remembers heroism of 3 Boy Scouts on Signal DayLady Blazers advance to SSL volleyball 2nd roundBPI, FMC Research partner to ensure food safety of agri imports3 ex-NPA rebels in Eastern Samar receive gov’t cash aidWandering tarsier released back into the wild in Agusan Norte townBSP reduces bills volume offeringComelec completes party-list ballot listing via raffleTaiwanese researchers develop world’s ‘smallest’ quantum computerSenate Blue Ribbon likely to handle drug war probeJaraula edges Que by 1 in ICTSI Bacolod Golf ChallengeDOH: P27.9-B health resiliency project to start next yearFirst Lady inaugurates 100-bed hospital in Pangasinan townPhilRice allots 33.5K bags of rice seeds for AntiqueTIEZA assures PHP180-M for Paoay Lake, sand dunes dev’tMpox deaths surge past 1K as cases spread to 18 African countriesDanish firm’s offshore wind project secures pre-dev’t ECCPBBM: Gov’t puts in more efforts to promote PH designers globallyARAL law to help learners regain momentum, raise quality of educationLeptospirosis cases up by 16% from Jan. 1 to Oct.54Ps model family espouses education as key out of povertyDSWD’s cash-for-work benefits 246K in 1st half of 2024State universities, colleges use research to help fight povertyPortugal’s Ronaldo highest-paid footballer in ’24 – Forbes18 political aspirants withdraw candidacy in BicolGalvez says loose arms control vital to peaceful BARMM pollsRound-the-clock ops yield P15.76-M shabu in W. VisayasPBBM names Dante Ang II as new CFO chairDFA voices concern for UN peacekeepers amid Israeli strikes in LebanonShared responsibilities ‘essential’ in disaster risk governance: DENRPBBM hails Escudero’s role in ‘political reconciliation’ with RobredoPBBM inks ARAL law to address learning gapsWeekend road repairs set in 5 NCR citiesVillage chair arrested in Sultan Kudarat for illegal gun possessionDA’s P15-M drone projects to boost agri production in BicolDSWD ‘Walang Gutom’ program fights hunger with expanded coverageAlbay guv confirms suspension order from OmbudsmanUN confab highlights need for larger disaster resilience fundingDavao cops seize PHP1-M illegal drugs in 2-day opsDA: Refine protocols to expedite ASF vaccinationFun Run Bernama Radio and MITI Held To Vitalise National Sports Day, Promote Healthy LifestyleMIC Urges Gov’t To Declare Additional Holiday For DeepavaliBernama Hands Over Contributions To Family Of Late Ahmad Hafiz AzharPPM To Undergo Rebranding Process To Remain Dynamic And RelevantMAHB Records 36.1 Mln Passenger Movements In 3Q, Nearing Pre-Pandemic LevelPM Anwar Extends Aid to Family Of UiTM Dungun Crash VictimMBI Probe: MACC Seizes Another RM600,000 In CashThunderstorms, Heavy Rain To Hit Perak, East Coast, Sabah Until 1 Am – MetMalaysiaMother, Daugther Suffer Second-Degree Burns In House FireStrong China-Malaysia Ties Key Factor In Driving Investments: AnalystsTwo Suspects Arrested Over Death Of Young BoyJohor ABIM Welcomes Weekend ShiftCodenames Reported By News Portal Not Involved In Counter-setting Activities – MACCDaim Admitted To Hospital, Prosecution Raises Concern Over Absence And Medical CertificateMelaka Firefighters On Standby For Northeast MonsoonTun M’s Health Improving, Still Requires Monitoring – AideThree Fishermen Missing In Kemaman Found SafeTarget Of Enrolling 250,000 Intl Students Involves Not Only IPTA But IPTS Too, Says ZambryLive Births In Malaysia Up 7.7 Pct In 2023IJN Welcomes MOH’s Invitation For Dialogue On Fee Structure For MOH PatientsM’sia Should Strengthen Halal Medical Device Certification For Global Recognition – PERANTIM11-year-old Girl With Disability Found DrownedMPPN Approves Development Of Social And Physical Spaces In KRT NeighbourhoodsCPO Futures End Lower Amid Weaker Soybean FuturesOver 90 Pct Of Self-employed Kelantanese Do Not Contribute To SKSPSPolice Detain Three Sierra Leone Nationals Involved In Selling Counterfeit US Dollar NotesOp Global: Parents Need To Show Proof Of Blood Ties To Claim Children – NancyFive Nabbed For Stealing And Selling Personal Data Of MalaysiansPublic Urged To Stay Vigilant Amid Weather Changes – APMNSC Megastealth Exercise At Perdana Putra Building This SaturdayInvestCloud Revolutionizes Wealth Management for FirstCape with Multi-Stage Digital TransformationRM4.2 Mln Allocated To Build 44 New Recycling Centres in N.SembilanSubsidised Malaysian Petrol Still Widely Sold In ThailandRinggit Retreats Against US Dollar Amid ‘Trump Trade’, China Damp SquibBayan Lepas Sinkhole: Repair Work Expected To Take One Week; IWK To Investigate CauseKidnapped Child Victim Molested, To Be Sold To Prostitution SyndicatePolice Assure Homes Of Landslide Victims Will Be Closely MonitoredDewan Rakyat Passes Constitution Amendment Bill On CitizenshipRestu Foundation To Launch 1 Million Al-Quran Waqf Project At GPU Exhibition In LondonFlood Patterns Mirror 2014; Perak Prepares For Recurring Disasters – SaaraniPAC To Summon Johari, IRB for Nov proceedings – Mas ErmieyatiPCG Continues To Inculcate Sustainable Habits Among Youths In Thailand Through Be Green ProgrammeKelantan Sultan Extends Aid To Family Of Tiger Attack VictimFederal Court Spares Indian Man From Remaining Whipping Sentence Due To Health ReasonsChilli Plantation Worker Killed In Suspected Tiger AttackSufficient Food Supplies in Penang For Northeast Monsoon PeriodBursa Malaysia Closes Higher On Bargain HuntingKhalwat Case: Celebrities Aliff Aziz, Ruhainies To Face Trial In Feb, 2025SJKC Foon Yew 2 Optimises Canteen Waste To Produce CompostAPM Working On Adding High-tech Assets To Enhance Beach Rescue OperationsMaxis Unveils Scholarship Programme Focused On Stem Subjects This YearOp Naga: 598 Foreign Fishing Vessels Detained From May 2019 To September 2024Renewable Energy: Fit 2.0 Quota Applications Open Jan 15-feb 19 Next Year – SEDA Malaysia
Sun. Oct 20th, 2024
Trending News: LPA unlikely to develop into cycloneRed Lions, Cardinals triumph in NCAA basketballEconomist sees PH economic growth settling at 6%-6.5% in Q3P2.5-M tourism projects up for Buglasan booth contestDOE intensifies bilateral deals as PH falls behind RE goalsBacolod City seen as PH’s pastry capitalMalcontento resigns as prosecutor-generalIndependent panel to probe drug war killings soughtLeyte remembers heroism of 3 Boy Scouts on Signal DayLady Blazers advance to SSL volleyball 2nd roundBPI, FMC Research partner to ensure food safety of agri imports3 ex-NPA rebels in Eastern Samar receive gov’t cash aidWandering tarsier released back into the wild in Agusan Norte townBSP reduces bills volume offeringComelec completes party-list ballot listing via raffleTaiwanese researchers develop world’s ‘smallest’ quantum computerSenate Blue Ribbon likely to handle drug war probeJaraula edges Que by 1 in ICTSI Bacolod Golf ChallengeDOH: P27.9-B health resiliency project to start next yearFirst Lady inaugurates 100-bed hospital in Pangasinan townPhilRice allots 33.5K bags of rice seeds for AntiqueTIEZA assures PHP180-M for Paoay Lake, sand dunes dev’tMpox deaths surge past 1K as cases spread to 18 African countriesDanish firm’s offshore wind project secures pre-dev’t ECCPBBM: Gov’t puts in more efforts to promote PH designers globallyARAL law to help learners regain momentum, raise quality of educationLeptospirosis cases up by 16% from Jan. 1 to Oct.54Ps model family espouses education as key out of povertyDSWD’s cash-for-work benefits 246K in 1st half of 2024State universities, colleges use research to help fight povertyPortugal’s Ronaldo highest-paid footballer in ’24 – Forbes18 political aspirants withdraw candidacy in BicolGalvez says loose arms control vital to peaceful BARMM pollsRound-the-clock ops yield P15.76-M shabu in W. VisayasPBBM names Dante Ang II as new CFO chairDFA voices concern for UN peacekeepers amid Israeli strikes in LebanonShared responsibilities ‘essential’ in disaster risk governance: DENRPBBM hails Escudero’s role in ‘political reconciliation’ with RobredoPBBM inks ARAL law to address learning gapsWeekend road repairs set in 5 NCR citiesVillage chair arrested in Sultan Kudarat for illegal gun possessionDA’s P15-M drone projects to boost agri production in BicolDSWD ‘Walang Gutom’ program fights hunger with expanded coverageAlbay guv confirms suspension order from OmbudsmanUN confab highlights need for larger disaster resilience fundingDavao cops seize PHP1-M illegal drugs in 2-day opsDA: Refine protocols to expedite ASF vaccinationFun Run Bernama Radio and MITI Held To Vitalise National Sports Day, Promote Healthy LifestyleMIC Urges Gov’t To Declare Additional Holiday For DeepavaliBernama Hands Over Contributions To Family Of Late Ahmad Hafiz AzharPPM To Undergo Rebranding Process To Remain Dynamic And RelevantMAHB Records 36.1 Mln Passenger Movements In 3Q, Nearing Pre-Pandemic LevelPM Anwar Extends Aid to Family Of UiTM Dungun Crash VictimMBI Probe: MACC Seizes Another RM600,000 In CashThunderstorms, Heavy Rain To Hit Perak, East Coast, Sabah Until 1 Am – MetMalaysiaMother, Daugther Suffer Second-Degree Burns In House FireStrong China-Malaysia Ties Key Factor In Driving Investments: AnalystsTwo Suspects Arrested Over Death Of Young BoyJohor ABIM Welcomes Weekend ShiftCodenames Reported By News Portal Not Involved In Counter-setting Activities – MACCDaim Admitted To Hospital, Prosecution Raises Concern Over Absence And Medical CertificateMelaka Firefighters On Standby For Northeast MonsoonTun M’s Health Improving, Still Requires Monitoring – AideThree Fishermen Missing In Kemaman Found SafeTarget Of Enrolling 250,000 Intl Students Involves Not Only IPTA But IPTS Too, Says ZambryLive Births In Malaysia Up 7.7 Pct In 2023IJN Welcomes MOH’s Invitation For Dialogue On Fee Structure For MOH PatientsM’sia Should Strengthen Halal Medical Device Certification For Global Recognition – PERANTIM11-year-old Girl With Disability Found DrownedMPPN Approves Development Of Social And Physical Spaces In KRT NeighbourhoodsCPO Futures End Lower Amid Weaker Soybean FuturesOver 90 Pct Of Self-employed Kelantanese Do Not Contribute To SKSPSPolice Detain Three Sierra Leone Nationals Involved In Selling Counterfeit US Dollar NotesOp Global: Parents Need To Show Proof Of Blood Ties To Claim Children – NancyFive Nabbed For Stealing And Selling Personal Data Of MalaysiansPublic Urged To Stay Vigilant Amid Weather Changes – APMNSC Megastealth Exercise At Perdana Putra Building This SaturdayInvestCloud Revolutionizes Wealth Management for FirstCape with Multi-Stage Digital TransformationRM4.2 Mln Allocated To Build 44 New Recycling Centres in N.SembilanSubsidised Malaysian Petrol Still Widely Sold In ThailandRinggit Retreats Against US Dollar Amid ‘Trump Trade’, China Damp SquibBayan Lepas Sinkhole: Repair Work Expected To Take One Week; IWK To Investigate CauseKidnapped Child Victim Molested, To Be Sold To Prostitution SyndicatePolice Assure Homes Of Landslide Victims Will Be Closely MonitoredDewan Rakyat Passes Constitution Amendment Bill On CitizenshipRestu Foundation To Launch 1 Million Al-Quran Waqf Project At GPU Exhibition In LondonFlood Patterns Mirror 2014; Perak Prepares For Recurring Disasters – SaaraniPAC To Summon Johari, IRB for Nov proceedings – Mas ErmieyatiPCG Continues To Inculcate Sustainable Habits Among Youths In Thailand Through Be Green ProgrammeKelantan Sultan Extends Aid To Family Of Tiger Attack VictimFederal Court Spares Indian Man From Remaining Whipping Sentence Due To Health ReasonsChilli Plantation Worker Killed In Suspected Tiger AttackSufficient Food Supplies in Penang For Northeast Monsoon PeriodBursa Malaysia Closes Higher On Bargain HuntingKhalwat Case: Celebrities Aliff Aziz, Ruhainies To Face Trial In Feb, 2025SJKC Foon Yew 2 Optimises Canteen Waste To Produce CompostAPM Working On Adding High-tech Assets To Enhance Beach Rescue OperationsMaxis Unveils Scholarship Programme Focused On Stem Subjects This YearOp Naga: 598 Foreign Fishing Vessels Detained From May 2019 To September 2024Renewable Energy: Fit 2.0 Quota Applications Open Jan 15-feb 19 Next Year – SEDA Malaysia
Sun. Oct 20th, 2024

BURSA MALAYSIA OPENS WEAKER IN LINE WITH OVERNIGHT WALL STREET

KUALA LUMPUR, Bursa Malaysia opened weaker this morning, influenced by the downbeat performance on Wall Street overnight, according to an analyst.

At 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 10.03 points lower to 1,611.11 from Wednesday’s close of 1,621.14. The index opened 4.06 points lower at 1,617.08.

In the broader market, decliners led gainers 634 to 61, with 219 counters unchanged, 1,574 untraded and 17 suspended.

Turnover stood at 449.34 million units worth RM203.89 million.

ActivTrade trader Anderson Alves said Asian equities are likely to trade on the back foot (experiencing a downturn) on Thursday following a risk-off tone from Wall Street.

“Major United States (US) indexes closed significantly lower, dragged down by large-cap stocks in the technology, consumer discretionary and communication services sectors.

“The negative sentiment was exacerbated by disappointing earnings from Google and Tesla, ahead of other key reports from the ‘Magnificent Seven’ in the upcoming weeks,” he sa
id.

He said the risk-off sentiment could favour traditional safe-haven stocks, with the utilities and healthcare sectors likely to gain.

Looking ahead, he said traders will digest the recent sell-off and focus on the US quarter two advance gross domestic products (GDP) report and the US core Personal Consumption Expenditures (PCE) data on Friday.

Among the heavyweights, Maybank slip 4.0 sen to RM10.08, Tenaga Nasional declined 14.0 sen to RM14.26, Public Bank and CIMB Group fell 2.0 sen each to RM4.16 and RM7.18, while IHH Healthcare declined 3.0 sen to RM6.22.

Among the actives, Zen Tech International and Artroniq Bhd gained half-a-sen each to 1.5 sen and 21.5 sen, while Aimflex Bhd decreased half-a-sen to 19.5 sen, Hubline Bhd fell 1.0 sen to 12 sen and RGB International was 1.5 sen lower at 41.5 sen.

On the index board, the FBM Emas Index decreased 105.08 points to 12,442.74, the FBMT 100 Index decreased 97.31 points to 12,028.35, and the FBM Emas Shariah Index decreased 127.25 points to 12,749.63.

T
he FBM 70 Index decreased 231.30 points to 18,463.09 and the FBM ACE Index decreased 87.04 points to 5,769.82.

Sector-wise, the Financial Services Index weakened by 76.46 points to 17,873.84, the Plantation Index decreased 5.86 points to 7,166.78, the Industrial Products and Services Index slid 1.70 points to 191.61, while the Energy Index decreased 10.10 points to 955.93.

Source: BERNAMA News Agency

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