KUALA LUMPUR, July 6 — Bursa Malaysia ended today’s trading in the red amid heavy profit-taking in plantation and energy stocks.
The overall market breadth was negative amid broad selling as losers thumped gainers 717 to 208, while 388 counters were unchanged, 910 untraded, and seven others suspended. “We foresee the FBM KLCI to stay in consolidation mode and hovering within the 1,420-1,440 range for the remainder of the week. Technically speaking, we spot the immediate support at 1,400 and resistance at 1,460,” he told Bernama.
Regionally, Singapore’s Straits Times Index eased 0.07 per cent to 3,102.04, Japan’s Nikkei 225 sank 1.20 per cent to 26,107.65 and Hong Kong’s Hang Seng Index declined 1.22 per cent to 21,586.66. On the index board, the FBM Emas Index fell 138.96 points to 10,104.55, FBM Emas Shariah Index slid 217.42 points to 10,148.71, FBM 70 shaved off 134.29 points to 12,173.27, FBM ACE decreased 20.25 points to 4,626.72, and the FBMT 100 Index gave up 131.56 points to 9,862.44.
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