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KUALA LUMPUR: Bursa Malaysia closed broadly lower on Wednesday as investor sentiment was hit by ongoing political concerns with nearly 900 counters in the red and the FBM KLCI below the key 1,500 level.
At 5 p.m., the KLCI fell 9.3 points, or 0.62%, to 1,496.48. The turnover was 8.450 million shares valued at RM4.32bil. The market as a whole was weaker, with declining ones beating up nearly four to one or 896 losers to 246 winners and 345 counters unchanged.
Investors became more cautious at noon after opposition leader Datuk Seri Anwar Ibrahim claimed to have a solid majority to form the next government.
The PKR president said he has the support to form the next government, but did not reveal the figures.
However, Tan Sri Muhyiddin refuted Anwar’s claim, maintaining that he is still the legitimate prime minister of Malaysia.
Muhyiddin said that Anwar’s claim that he had the majority support of the deputies must be substantiated according to the processes and methods determined by the Federal Constitution.
The government also announced various initiatives and additional assistance under the framework of Kerangka Inisiatif Tambahan Prihatin (Kita Prihatin) with an allocation of RM10bil along with efforts to revive the economy in order to safeguard the well-being of the people.
HLFG fell the most, 34 sen to RM14.12, Public Bank 22 sen to RM15.64, HL Bank four sen to RM14.90 and Maybank three sen to RM7.17 and CIMB two sen to RM3.10.
Petronas Dagangan fell 32 sen to RM20.16, Petronas Chemicals 12 sen to RM5.50 and Petronas Gas six sen to RM16.44.
Pharmaniaga
lost 30 sen to RM4.17 and Duopharma 16 sen at RM3.02.
Hartalega It gained 44 sen at RM14.50, Supermax 13 sen at RM7.83 but Top Glove lost one sen at RM8.02 and Kossan lost eight sen at RM11.90.
Stocks related to the semi-icon closed higher with the MPI gaining 38 sen at RM18 and Greatec 10 sen at RM6.02.
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