KUALA LUMPUR: Share prices on Bursa Malaysia extended their losses on Thursday, July 1, closing lower as concerns over a slowing economy continued to weigh on investor sentiment, dealers said.
At 5pm, the key FTSE Bursa Malaysia Composite Index (FBM KLCI) fell 0.40% or 5.26 points to 1,308.76 points after opening 1.05 points lower at 1,312.97 points.
The key index was well supported at 1,300-point level due to interest in heavyweights including CIMB, Genting, British American Tobacco and Hong Leong Bank.
The market was in the red for most of trading on Thursday with the key index moving
between 1,306.67 points and 1,315.87 points.
"Sentiment remained weak because of numerous uncertainties on Wall Street and even in China. Investors will continue to sideline unless fresh leads emerge," a dealer said.
China reported a slower pace for its manufacturing activity in June, the lowest since February.
On the local front, the PLANTATION [] Index declined 25.94 points to 6,198.45 points, the INDUSTRIAL INDEX [] fell 35.46 points to 2,591.99 points while the Finance Index gained 0.10 of a point to 11,868.57 points.
The FBM Emas Index dropped 40.22 points to 8,823.16 points, the FBM70 [] slipped 56.54 points to 8,804.62 points and the FBM Ace Index was down 1.16 points to 3,800.20 points.
Losers outpaced gainers by 413 to 206 while 238 counters were unchanged, 506 untraded and 25 others suspended.
Volume eased to 557.823 million shares valued at RM1.022 billion from yesterday's 563.544 million shares worth RM987.655 million. ' Bernama
At 5pm, the key FTSE Bursa Malaysia Composite Index (FBM KLCI) fell 0.40% or 5.26 points to 1,308.76 points after opening 1.05 points lower at 1,312.97 points.
The key index was well supported at 1,300-point level due to interest in heavyweights including CIMB, Genting, British American Tobacco and Hong Leong Bank.
The market was in the red for most of trading on Thursday with the key index moving
between 1,306.67 points and 1,315.87 points.
"Sentiment remained weak because of numerous uncertainties on Wall Street and even in China. Investors will continue to sideline unless fresh leads emerge," a dealer said.
China reported a slower pace for its manufacturing activity in June, the lowest since February.
On the local front, the PLANTATION [] Index declined 25.94 points to 6,198.45 points, the INDUSTRIAL INDEX [] fell 35.46 points to 2,591.99 points while the Finance Index gained 0.10 of a point to 11,868.57 points.
The FBM Emas Index dropped 40.22 points to 8,823.16 points, the FBM70 [] slipped 56.54 points to 8,804.62 points and the FBM Ace Index was down 1.16 points to 3,800.20 points.
Losers outpaced gainers by 413 to 206 while 238 counters were unchanged, 506 untraded and 25 others suspended.
Volume eased to 557.823 million shares valued at RM1.022 billion from yesterday's 563.544 million shares worth RM987.655 million. ' Bernama
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