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Bursa Malaysia ends lower
Last update: 17/05/2018

KUALA LUMPUR, May 17 (Bernama) -- Bursa Malaysia closed easier today as the market took a breather against†the backdrop of a first quarter gross domestic product growth.

At†close, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was†3.82 points lower at†1,854.44†from yesterday's close of 1,858.26.

The index opened 6.52 points higher at 1,864.78 and hovered between 1,854.44 and 1,867.09 throughout the day.

Malaysia's economy grew 5.4 per cent in the first quarter of this year, slightly lower than 5.6 per cent recorded in the same period in†2017.

However, the central bank said the country†continued to see expansion in private sector activity coupled with strong support from net exports.

It added that domestic financial institutions also demonstrated resilience with healthy asset quality, sound profitability and ample liquidity.

Among†heavyweights, Maybank†and CIMB lost four sen each to RM10.82 and RM6.81, respectively, Public Bank fell 16 sen to RM24.34, TNB eased two sen to RM15.90 and†Petronas Chemicals added six sen to RM8.68.

Among†actives, MyEG†plunged 36.5 sen to 90.5 sen, Sapura†Energy lost 4.5 sen to 76.5 sen, Nexgram†slipped 1.5 sen to 3.5 sen,†George Kent fell 43 sen to RM1.51†and Netx was flat at three sen.

Market breadth was negative with losers†outpacing††gainers†570 to 437, with 334 counters unchanged, 541 untraded and 20 others were suspended.

Volume increased to 3.32 billion units, valued at RM3.78 billion, from yesterday\'s 3 billion units worth†RM2.911 billion.

The FBM Emas Index decreased 56.36 points to 12,894.01, the FBM Ace fell 105.65 points to 5,390.31 and the FBMT 100 Index went down 60.11 points to 12,687.83.

The FBM Emas Shariah Index edged down 96.25 points to 12,973.95 and the FBM 70 was 188.23 points lower at 15,067.26.

Sector-wise, the Finance Index lost 55.15 points to 18,319.57 and the Plantation Index fell 77.07 points to 7,935.74.

The Industrial Index bagged 12.85 points to 3,301.28.

Main Market volume increased to 2.28 billion shares, worth RM3.63 billion, from yesterday's 2.09 billion shares, valued at RM2.75 billion.

Warrants volume expanded to 602.59 million units, valued at RM87.87 million, from Wednesday's 562.61 million units, worth at RM95.49 million.

Volume on the ACE Market rose to 440.99 million shares, worth RM59.64 million, yesterday's 344.17 million shares worth RM60.41 million.

Consumer products accounted for 67.68 million shares traded on the Main Market, industrial products (232.28 million), construction (295.01 million), trade and services (1.24 billion), technology (81.13 million), infrastructure (28.4 million), SPAC (5.53 million), finance (76.64 million), hotels (3.52 million), properties (187.45 million), plantations (38.98 million), mining (43,300), REITs (15.95 million) and closed/fund (3,400).

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MIDDAY, FRIDAY, MAY 18
US 3.9755/9785
S'pore 2.9597/9631
100 Yen 3.5828/5868
Sterling 5.3705/3761
Euro 4.6927/6974
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?
 

 
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