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KUALA LUMPUR (Dec 22): Concerns about a new strain of Covid-19, coupled with weak oil prices, continued to weigh on investor sentiment, dragging Bursa Malaysia to end the morning session lower generalized.
At lunchtime, the FBM KLCI benchmark index was 16.94 points or 1.03% lower at 1,630.95 after moving between 1,627.22 and 1,647.36 during the morning session.
The overall breadth of the market was negative with the losers beating the winners 989-232, while 375 accountants did not change, 541 did not trade, and another 17 were suspended.
The volume stood at 5.45 billion units worth RM2.65 billion.
Malacca Securities Sdn Bhd said in a note that negative sentiment from the new strain of the virus could spread to stocks on the home front.
The research firm expected business interest to revolve around construction and building materials as well as real estate amid the potential Kuala Lumpur-Singapore high-speed rail (HSR) news stream along with the surge. of the prices of construction materials.
“Furthermore, we hope that the candidate for the distribution of the vaccine may emerge, since the Minister of Health declared that [the government] will try to get all vaccine supplies by the first quarter of 2021, “he said.
Among heavyweights, Malayan Banking Bhd (Maybank) and IHH Healthcare Bhd fell 11 sen each to RM8.37 and RM5.64 respectively, Public Bank Bhd lost 18 sen to RM20.48, Tenaga Nasional Bhd (TNB) erased 10 sen to RM10 .58 and Petronas Chemicals Group Bhd (PetChem) decreased 21 sen to RM7.33.
However, Top Glove Corp Bhd was up one sen at RM6.63 and Hartalega Holdings Bhd gained six sen at RM12.56.
Among assets, Techna-X Bhd cut two sen to 14.5 sen, Iris Corp Bhd added one sen to 40 sen, Bintai Kinden Corp Bhd increased 9.5 sen to 76 sen, and Vivocom Intl Holdings Bhd fell nine sen to 89 sen.
On the index board, the FBM Emas index was 132.55 points lower to 11,716.27, the FBMT 100 index lost 128.07 points to 11,486.1, the FBM Emas Shariah index erased 106.12 points to 13,180.42, the FBM 70 contracted 201.01 points to 14,957.31 and the FBM ACE reduced 45.22 points to 10,433.23.
The Industrial Products and Services Index fell 2.69 points to 172.27, the Plantations Index lost 47.26 points to 7,310.93 and the Financial Services Index fell 224.0 points to 15,159.58.
Meanwhile, Bursa announced in a statement the transfer of Greatech Technology Bhd shares from the ACE market to the main market of the technology sector.
In a statement, he said the transfer would take effect on December 28, 2020 at 9 a.m.
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