KUALA LUMPUR (March 10): Bursa Malaysia ended at its intraday low on Friday (March 10), in tandem with the heavy selldown on most regional and global bourses.
At 5pm, the benchmark FBM KLCI had slipped by 16.45 points or 1.13% to 1,433.08, from Thursday's closing at 1,449.53.
The key index opened 3.73 points lower at 1,445.80, which was its intraday high, and continued to slide throughout the day.
Market breadth was negative, with losers outpacing gainers 694 to 239, while 368 counters were unchanged, 944 untraded, and 33 others suspended.
Turnover amounted to 2.73 billion units worth RM2.11 billion.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the key regional indices ended sharply lower, tracking similar declines on Wall Street, amid persistent worries about the risk of a global recession.
“US banking shares plunged after crypto banking giant Silvergate plans to shut down in the face of cryptocurrency market turmoil,” he told Bernama.
Region-wise, Hong Kong's Hang Seng Index fell 3.04% to 19,319.92, Singapore's Straits Times Index shaved off 1.15% to 3,177.43, while Japan’s Nikkei 225 slid 1.67% to 28,143.97, and South Korea’s Kospi dropped 1.01% to 2,394.59.
Back home, Bursa heavyweights Public Bank Bhd at RM4.07 and CelcomDigi Bhd at RM4.17 had fallen six sen each, IOI Corp Bhd slipped nine sen to RM3.80 a share, CIMB Group Holdings Bhd decreased seven sen to RM5.43, while Petronas Chemicals Group Bhd was flat at RM7.
Among the actives, newly listed Cape EMS Bhd rose 60 sen to RM1.50, Hong Seng Consolidated Bhd was half a sen firmer at 15 sen, Astro Malaysia Holdings Bhd added two sen to 69 sen, while Velesto Energy Bhd eased two sen to 21.5 sen, and VinVest Capital Holdings Bhd shed half a sen to 22 sen.
On the index board, the FBM Emas Index decreased by 122.50 points to 10,450.01, the FBM 70 Index fell 160.78 points to 13,292.89, the FBMT 100 Index shrank 117.76 points to 10,131.49, the FBM Emas Shariah Index lost 137.21 points to 10,672.97, and the FBM ACE Index dipped 118.81 points to 5,327.79.
Sector-wise, the Financial Services Index declined 149.02 points to 15,964.98, the Energy Index shed 25.84 points to 857.25, the Plantation Index slid 67.16 points to 6,762.77, and the Industrial Products and Services Index eased 2.90 points to 172.93.
The Main Market volume rose to 1.82 billion shares worth RM1.83 billion, from Thursday's 1.74 billion shares worth RM1.64 billion.
Warrant turnover increased to 388.77 million units worth RM67.50 million, from 247.91 million units worth RM39.35 million previously.
The ACE Market volume dwindled to 514.62 million shares worth RM217.93 million, from 668.78 million shares worth RM261.42 million.
Consumer product and service counters accounted for 236.09 million shares traded on the Main Market, followed by industrial products and services (643.36 million), construction (37.24 million), technology (234.36 million), special purpose acquisition companies (nil), financial services (62.19 million), property (104.95 million), plantation (32.26 million), real estate investment trusts (7.19 million), closed/funds (nil), energy (198.31 million), healthcare (107.20 million), telecommunications and media (81.05 million), transportation and logistics (29.75 million), and utilities (52.85 million).