21-07-2025
Bursa slips as investors await new buying leads
KUALA LUMPUR: Bursa Malaysia turned bearish on Monday as - short of buying catalysts - investors realised profits made during a two-day rally last week.
At 12.30pm, the benchmark FBM KLCI was down 5.27 points to 1,520.59, reflecting the ongoing downside bias amid a challenging investing environment.
Blue chips and lower liners alike were seeing selling pressure, with 639 total shares dipping into the red as compared to 230 gainers for a negative ratio of nearly 3-to-1. Volume on the market was 2.34 billion shares changing hands for RM1.43bil.
Feeling the heat from sellers today was Sunway Construction, which dove 80 sen to RM5.18, off an intramorning low of RM4.92. Parent company Sunway dropped 21 sen to RM4.85, in tandem with the selling pressure.
Meanwhile, Gamuda shed nine sen to RM5.24 while Nestle fell 34 sen to RM75.40.
In regional markets, equities managed to hold steady in light of the corporate results period picking up pace in the US, with investors training their eyes on big tech earnings secheduled for this week.
China's composite index was up 0.44% to 3,549 while Hong Hong Kong's Hang Seng gained 0.28% to 24,895.
Japan, which recently saw its ruling government lose control of the upper house of parliament, was closed for a national holiday.
