You are here: Home » News-CM » International » Market Report
Business Standard

Malaysia Market extends losses

Capital Market 

Bursa Malaysia stock market finished lower for second straight session on Tuesday, 06 April 2021, as profit taking continued on tracking mixed cues from regional peers, with market heavyweights led losses.

At closing bell, the benchmark FTSE Bursa Malaysia KLCI fell 5.33 points to 1,578.91 after moving between 1,575.18 and 1,589.06 throughout the trading session.

Market breadth was negative with losers beat gainers 650 versus 382, while 469 counters were unchanged, 630 untraded and nine others suspended.

Sector-wise, the Plantation Index went down 91.69 points to 6,939.63, the Industrial Products and Services Index eased 0.81 of-a-point to 193.14 and the Financial Services Index dropped 59.87 points to 15,240.36.

Of the heavyweights, Maybank and IHH Healthcare lost 3 sen each to RM8.31 and RM5.30 respectively, Public Bank reduced 2 sen to RM4.20, Petronas Chemicals shed four sen to RM7.95 and Tenaga fell 4 sen to RM10.16.

Among the active counters, Berjaya Corp slipped 8% to RM0.405 and Dagang Nexchange lost 6.4% to RM.805 while TA Win added 3.5% to RM0.44.

Regionally, Singapore's Straits Times Index eased 0.04 per cent to 3,208.60, Japan's Nikkei was 1.30 per cent lower at 29,696.63 and South Korea's Kospi gained 0.20 per cent to 3,127.08 while Hong Kong trading was closed for Chinese tomb-sweeping day holiday.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, April 06 2021. 20:29 IST