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KUALA LUMPUR: Bursa Malaysia started Monday on a cautious note in the absence of strong positive leads on the local and external front, while overseas sales have kept key FBM KLCI in check.
At 9.32am, the KLCI was down 0.44 points or 0.03% to 1,506.19. The turnover was 1.32 billion shares valued at RM520.78 thousand. There were 311 winners, 334 losers, and 371 unchanged counters.
Futures for US stocks fluctuated and Asian stocks moved at the open after a slide on Wall Street on Friday. The offshore yuan rose.
Shares started the week little changed in Australia and South Korea, while Japan’s stock market was closed, Bloomberg reported.
In Bursa Malaysia last week, foreign funds were net sellers at RM559k and local institutions at RM20.1k, but the sale was again absorbed by more confident local retail investors who were net buyers at RM579k.
Last Friday, foreign funds had net sales at RM63.2 thousand, but local institutions were net buyers at RM61.2 thousand, while local retail investors found themselves nibbling and were net buyers at just RM2 thousand.
Among KLCI shares on Monday, HLFG fell the most, falling 42 sen to RM13.90 while Hartalega
it lost 24 sen to RM13.92, IHH Healthcare and MISC seven sen each to RM5.26 and RM7.48.
Amway lost 12 sen to RM4.85, Gas Malaysia nine sen to RM2.65, Milux seven sen to RM2.04 and SHL six sen to RM1.93.
MPI reduced 10 sen to RM17.50 and MFCB six sen to RM7.32.
However, Scientex’s strong results and the bond issue plan saw it rise 66 sen to RM10.16.
Looking at consumer stocks, Nestlé rose 90 sen to RM139.90, Carlsberg 18 sen to RM21.78 and Ajinomoto 14 sen to RM21.78.
Regarding plantations, United Plantations gained 48 sen at RM15.04 and Sarawak Oil Palm 17 sen at RM4.04.
Amanah Hartatanah GNP increased 29 sen to 95.5 sen as GNP.
Permodalan Nasional Bhd (PNB) intends to privatize it through a selective unit rescue exercise (SUR), in which minority shareholders will receive RM1 per unit. The RM1 offer price was 50.3% over the last traded price of 66.5 sen.
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