Cautious Mood Continues to Weigh On FBM KLCI

Bursa Malaysia ended the Friday morning trading session directionless and lacklustre, the main index FBM KLCI remained almost flattish, by moving marginally up +0.44 point at 1,397.94.

The FBM KLCI fluctuated between 1,390.41 and 1,398.33 throughout the morning trading session.

On the market breadth, it was overwhelmingly negative with decliners outweighed gainers 503 to 210, while 355 counters were unchanged.

Meanwhile, trading volume and value were 929.54 million units and RM678.51 million, respectively.

Investors are expected to stay on the sidelines as the overall market sentiment is weak at the current scenario.

Some of the top gainers of morning trading session were Hong Leong Financial Group, Allianz, PETRONAS Gas, Panasonic Manufacturing Malaysia, Greatech Technology.

Whilst top decliners were Nestle Malaysia, PETRONAS Dagangan, MPI, Harrisons Holdings, Orient Holdings.

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