Bursa Malaysia remained lower at midday amid selling in heavyweight counters, led by telecommunications stocks.
At 12.30pm, the benchmark index dropped 2.58 points to 1,420.34 from last Friday’s close of 1,422.92.
The benchmark index opened marginally higher at 1,423.53 and moved in a narrow range of between 1,419.02 and 1,427.36 throughout the session.
Home
Telco stocks push Bursa down at midday
Noon Market
Telco stocks push Bursa down at midday
By Bernama / Bernama
15 May 2023, 12:56 pm
main news image
KUALA LUMPUR (May 15): Bursa Malaysia remained lower at midday amid selling in heavyweight counters, led by telecommunications stocks.
At 12.30pm, the benchmark index dropped 2.58 points to 1,420.34 from last Friday’s close of 1,422.92.
The benchmark index opened marginally higher at 1,423.53 and moved in a narrow range of between 1,419.02 and 1,427.36 throughout the session.
sponsored image
Branded
Ganjaran Kesetiaan Simpan SSPN Prime Appreciates Loyal Depositors, Encourages Savings Habit
The National Higher Education Fund (PTPTN) has declared a dividend of 3.05% for the National Education Savings Scheme (Simpan SSPN) for 2022, which is higher than the 3% dividend announced the previous year. This is a testament to the agency’s efficiency in effectively managing savings funds based on excellent governance, integrity and strategy to ensure optimal returns to customers.
Telco stock Axiata Group Bhd erased 11 sen to RM2.98 and CelcomDigi Bhd contracted eight sen to RM4.40. Both stocks dragged the composite index down by a combined 3.212 points.
The market breadth was negative with decliners outpacing gainers 488 to 227, while 380 counters were unchanged, 1,162 untraded, and 28 others suspended.
Turnover stood at 1.46 billion units worth RM618.89 million.
