The market lacked a catalyst, and the Composite Index closed down 2.56 points
Although the dust settled in the six state elections, some large stocks were sold off unhindered, and the performance of the Malaysia Composite Index was sluggish, consistent with the weak performance of regional exchanges.
As of the closing time of the market at 12:30 noon, the Composite Index closed at 1454.60 points, down 2.56 points, or 0.18%.
The half-day turnover was 2.03 billion shares, with a turnover value of RM906 million.
There were 455 rising stocks, 372 falling stocks, 369 with no ups and downs, and 1,133 without trading.
As of 12:30 noon, the exchange rate of the ringgit was 4.6140 to the US dollar.
$FTSE Bursa Malaysia KLCI Index(.KLSE.MY)$
Source: Nanyang Siang Pau, Klse Pulse
Market focus
Are the state election results a blessing or a curse? Criminal stocks started first and then fell
Will maintaining the current situation 3-3 stabilize the market, or is the “green wave” expansion causing more unease among investors? Investors fell into a tug this morning on the criminal stocks most affected by the “green tide,” and both betting stocks and beer stocks fluctuated sharply.
On the first trading day after the six state elections ended, investors first poured into the criminal stock sector with an optimistic attitude. Both Genting Shuangxiong and the two Wanji Stock Exchange continued their “rush” attitude before last week's election, opening 1 higher...